Selling Near the Stars

star property itself, this private estate offers incredible attention to detail and elegant interiors that exude sophistication.

Patrick Fogarty of Hilton & Hyland represented the buyers, German national Ekkehart Hassels-Weiler and his new husband Omar Romero, who were eager to acquire this unique home. Fogarty says the home was on the market for less than a month and bought in under four.

Externally, the home is almost mysterious at first glance, as the long driveway affords complete privacy from the street. That mystery transitions into pure awe once the house is in full view, as Fogarty says the home’s proportions and classic design give it a grand feel that enhances with every meticulous detail. “The style is timeless rather than of the moment,” he says, adding that the overall aesthetic is tasteful yet opulent.

Built and developed by the seller, British property developers Ian and Richard Livingston, the estate greets visitors with a graceful motor court that features both trees and fountains. The front doors open to a striking grand entry with 30-foot ceilings and walls of marble, all opening up to a grand staircase and detailed floor plan. A strong yet beautiful harmony is felt in every room, from the dramatic kitchen to the tasteful master bedroom and baths. Interestingly, Fogarty notes that though “the home is grand in scale, [it] still manages to feel like a home.” Other features of this estate include a master wing, gym, theater, guesthouse, staff quarters and bocce court. The expansive backyard also boasts an ozone pool that highlights the perfect California indoor-outdoor lifestyle.

Only approximately five minutes from Rodeo Drive, the 8-bedroom, 11-bath home remarkably reflects a sense of tranquility and serenity, allowing the new owners to relax with complete privacy. The blend of rich landscaping and natural materials, such as stones, wood, steel, and brass, also enrich its character and depth, making it a true sanctuary.

Photos by Berlyn Photography 2019.

THIS ARTICLE ORIGINALLY APPEARED IN THE GLOBAL 2019 ISSUE OF UNIQUE HOMES. TO SEE THE DIGITAL VERSION OF THIS STORY, CLICK HERE.

A Guide to the Michelin Guide

Bvlgari Hotels & Resorts is proud to announce that both the hotel’s signature restaurants, the Italian Il Ristorante — Niko Romito and the Chinese Bao Li Xuan, have been awarded Michelin stars during the Michelin Guide Shanghai 2020 presentation ceremony.

The Ways to Wellness

With Spring just around the corner, now is the perfect time to swing into health and wellness. Envisioning and reflecting on your health goals is a breeze when your home supports and sustains your best self.

Vestige of the Historic Grand Estates of Chicago’s North Shore

With panoramic views of Lake Michigan, this incomparable residence in Winnetka, Illinois remains a vestige of the historic, grand estates of Chicago’s North Shore.

Elegance in Key Largo

This Florida Keys home is the perfect blend of serenity and luxury.

Exquisite Seaside Villa

Through a long-winding and manicured driveway, off of the Old Highway on Plantation Key in Islamorada, FL, this villa sits on two acres facing the Atlantic Ocean.

Oceanfront Luxury in the Cayman Islands

This property is equipped with the luxury, space and beauty of the Cayman Islands.

Virtually New Condo in the Cayman Islands

This luxury condo in the Cayman Islands is one of only 12 condos in a well-established and beautifully maintained complex.

Colonial Revival in Massachusetts

On 4.4 acres on a pristine hilltop in Beverly Massachusetts, this stunning 6,000-square-foot Colonial revival is surrounded by manicured lawns, meadows, extensive gardens and stone patios.

Paradise Living in Panama

With a view of the beach and plenty of bedrooms, this Panama home is the oasis of your dreams.

A Sunset Paradise

This exquisite new construction estate will excite the discerning buyer who is looking for quality, uniqueness and all the beauty of the Florida Keys.

Destinations of Interest: Panama

From tropical escapes to spectacular biodiversity and marine life, Panama has great appeal to buyers interested in luxury real estate.

The Abundance of Aspen

Aspen’s abundance has grown in terms of luxury, from fine restaurants, world-renowned ski resorts to some of the most culturally stimulating experiences.

A Sunset Paradise

This exquisite new construction estate will excite the discerning buyer who is looking for quality, uniqueness and all the beauty of the Florida Keys.

To Ireland With Love

A new color collection from Curator pays homage to the artists of the Emerald Isle.

Destinations of Interest: Panama

From tropical escapes to spectacular biodiversity and marine life, Panama has great appeal to buyers interested in luxury real estate.

Live Like Royalty in Cyprus

The Villa Diva estate, listed for $3.185 million, spreads across 6,000 square meters of land with stunning views of the Mediterranean Sea and mountains.

Tamarack Resort is More than Just a Destination

The Village at Tamarack is the latest ski-in/ski-out residential addition to the renowned Tamarack Resort in Idaho’s scenic Valley County.

An Italian Masterpiece

Formerly owned by tenor Titta Ruffo, this penthouse in Rome, Italy was recently redesigned by “starchitect” Dante Benini to grant the comfort of a yacht.

Elegance in St. Croix

In a quiet, gated community in St. Croix, U.S. Virgin Islands, this grand home offers comfort and space for grand entertaining.

Inspired by Surprise: Italian Design Firm Spagnulo & Partners

Based in Milan, Spagnulo & Partners has been one of the forerunners of architecture and luxury interior design not only in Italy but throughout the world.

New Artefacto Collection Honors Cinema and Technology

Celebrating its 40th anniversary, Artefacto is committed to designing with function and style in mind, while blending global influences from Italy, France, Brazil and beyond. The new collection arrives this month to the U.S. and embodies Artefacto’s signature contemporary aesthetic, now with a tribute to cinema and technology.

Maroon Bells ASPEN / COLORADO 

Photo: Vkoulampet / wikimedia commons

Originally named for the abundance of aspen trees in the area, Aspen’s abundance has grown exponentially in terms of luxury, from fine restaurants and world-renowned ski resorts to some of the most artistic and culturally stimulating experiences. These aspects and more are appealing to buyers and continue to shape Aspen’s diverse, high-end lifestyle.

Though the market is plentiful with a large inventory of luxury property options, the Aspen market is finite due to local and state development rules that restrict building in certain areas of the town, according to Craig Morris of Aspen Snowmass Sotheby’s International Realty. “Supply and demand are always in favor of our sellers,” he says, but adds that what people want is nearly always achievable. These demands result in an interesting balance of both classic, historic homes with original architecture, and newer construction primarily built on “teardown” properties.

This interweaving of old and new structures is special to Aspen, says Carrie Wells of Coldwell Banker Mason Morse Real Estate, as it further adds to the character of the town and continues to bring in affluent buyers seeking luxury amenities. She notes that particularly in downtown Aspen, the “core,” new residential developments are not permitted and current properties have become more valuable. Wells, and other agents like Robert Ritchie of Aspen Snowmass Sotheby’s International Realty, say buyers have grown to cultivate lifestyles in Aspen to fit their own needs. Bespoke estates are either renovated internally, increasing their worth, or new homes are being built more beautiful and upscale than the last. Though Aspen seems to be constantly changing, Ritchie says changes help “shine it up” and ultimately makes the town look good.

And truly, “looking good” is an understatement when considering the luxury and culture that exist in every corner of the city. From an exclusive G650 club and top-rated restaurants to a variety of world-class ski resorts and outdoor amenities, Aspen’s elite can find their true home in a place like this. Whether you hit the slopes or visit the Aspen Music Festival every year, Aspen is a place that can fit any lifestyle, which to buyers is often a priority. “We live in our own little fantasy world and people often suggest that living here is not ‘the real world,’” Morris says. “It’s the ‘real world’ to those that decide to put living and lifestyle at the top of their list, and when they do, they never look back.” 

Colorado

Carrie Wells

Coldwell Banker Mason Morse Real Estate

970.948.6750

carrie@carriewells.com

www.CarrieWells.com

Page 54 & H&E 161

Colorado

Craig Morris

Aspen Snowmass Sotheby’s International Realty

970.379.9795

craig.morris@sothebysrealty.com

CraigMorris.com

AspenSnowmassSIR.com

Pages 52-53

Colorado

Robert Ritchie

Aspen Snowmass Sotheby’s International Realty

970.379.1500

Robert.Ritchie@sothebysrealty.com

AspenValues.com

THIS ARTICLE ORIGINALLY APPEARED IN THE GLOBAL 2019 ISSUE OF UNIQUE HOMES. TO SEE THE DIGITAL VERSION OF THIS STORY, CLICK HERE.

The Spirit of Giving

Rolls-Royce auction raises over $2 million for children's hospital.

Selling Near the Stars

With neighbors including Sandra Bullock, Ricky Martin and Tony Pritzker, it’s no surprise this Beverly Hills estate recently sold for $42.75 million.

Footloose Fortunes

While the pace of wealth creation may be slowing, the story now is how it’s spreading around and prompting change in real estate markets around the globe.

The Art of Writing

Exclusive writing instruments elevate the tradition of putting pen to paper — a ritual technology cannot erase — into fine art

Lady Globetrotters

Though not the case for all, more female travelers are breaking away from stereotypical female-catered trips and pursuing high-intensity travel experiences

Sleeping Soundly

According to Jack Dell’Accio, CEO and founder of Essentia, synthetic mattresses and bedding introduce low-level toxins into our environment, which our central nervous systems continuously need to fight while we rest.

Bedding for a Cause

The Good Sheet, a luxury bedding brand based in Tasmania, Australia partnered with non-profit organization, One Tree Planted, is planting five trees in its home state of Tasmania with every bedding set sold.

Declutter Your Space

Start 2020 off right by organizing your space and making room for a decluttered start.

Test Driving the Electric Future

Getting behind the wheel of two ultra-cool cars of the future.

Green Dreaming

The color green symbolises life, renewal, harmony and growth and is set to steal the limelight of new interior design concepts in the year ahead.

Under the Radar: North Cyprus and Canada

In honor of our annual Global issue, we highlight areas not always thought of at the top of the luxury real estate list — but they should be.

Selling Near the Stars

With neighbors including Sandra Bullock, Ricky Martin and Tony Pritzker, it’s no surprise this Beverly Hills estate recently sold for $42.75 million.

The Abundance of Aspen

Aspen’s abundance has grown in terms of luxury, from fine restaurants, world-renowned ski resorts to some of the most culturally stimulating experiences.

Footloose Fortunes

While the pace of wealth creation may be slowing, the story now is how it’s spreading around and prompting change in real estate markets around the globe.

A Castle in Tuscany

Located approximately 25 kilometers from Florence, this magnificent castle for sale is one of the most spectacular castles found anywhere in Tuscany.

Luxury in the West

A modern traditional masterpiece of privacy and perfection. An exquisite Mediterranean work of art and appeal. An elegant estate designed with soaring ceilings and refined finishes.  

Gazing into Real Estate’s Crystal Ball

The luxury real estate outlook for the coming decade includes understanding millennials and dealing with low inventories.

Destinations of Interest: Panama

From tropical escapes to spectacular biodiversity and marine life, Panama has great appeal to buyers interested in luxury real estate.

Supreme Auctions has 100% Success Rate in Houston

Supreme Auctions announced the recently closed sale of Westview Heights in West Houston, Texas.

An Italian Masterpiece

Formerly owned by tenor Titta Ruffo, this penthouse in Rome, Italy was recently redesigned by “starchitect” Dante Benini to grant the comfort of a yacht.

Under the Radar: North Cyprus and Canada

In honor of our annual Global issue, we highlight areas not always thought of at the top of the luxury real estate list — but they should be.

The Ways to Wellness

With Spring just around the corner, now is the perfect time to swing into health and wellness. Envisioning and reflecting on your health goals is a breeze when your home supports and sustains your best self.

The Abundance of Aspen

Aspen’s abundance has grown in terms of luxury, from fine restaurants, world-renowned ski resorts to some of the most culturally stimulating experiences.

Footloose Fortunes

While the pace of wealth creation may be slowing, the story now is how it’s spreading around and prompting change in real estate markets around the globe.

Travel in 2020

Unique Homes and Tourradar.com have rounded up all the buzziest destinations for the year ahead so you can start planning your next great adventure in 2020!

Destinations of Interest: Panama

From tropical escapes to spectacular biodiversity and marine life, Panama has great appeal to buyers interested in luxury real estate.

Luxury Living on the Lake

This unique lot in St. Clair Shores is positioned to enjoy dazzling sunrises, fishing off the dock and watching boats, all in a tranquil environment.

Cover Story: Crystal Pointe

Cyrstal Pointe is a magnificent Lake Tahoe estate that is the epitome of wellness living.

Featured Agent: Kathie Robidou of Coldwell Banker Advantage One Properties

Listed by Elite agent Kathie Robidou, this custom-built home on 20.2 acres offers stunning views, a gated entry and privacy.

An Italian Masterpiece

Formerly owned by tenor Titta Ruffo, this penthouse in Rome, Italy was recently redesigned by “starchitect” Dante Benini to grant the comfort of a yacht.

Through a long-winding and manicured driveway, off of the Old Highway on Plantation Key in Islamorada, FL, this villa sits on two acres facing the Atlantic Ocean. With 170 feet of shoreline with deep water dockage, a boat lift and a sandy beach, it is a rare find in the Florida Keys. 

The home features 8,226 square feet of living space with three levels offering six bedrooms, four and one half baths and an additional one bedroom en suite on the ground level. It also showcases an imperial staircase, gourmet kitchen, private verandas, a custom-built living room entertainment center, sub-zero Viking appliances, Versace designed lighting, and a master suite with a grand balcony. “The chef’s kitchen is our favorite room because you can entertain friends, while looking out towards the beach and ocean — watching swimmers and beach volleyball players,” says Cynthia Hughes of Ocean Sotheby’s International Realty, who is listing the property for $6.995 million.

The distinctive features of this home consist of exquisite wood and marble floors, eight-foot high solid wood doors, ironwork fixture, imported stone from Mexico, architecturally designed ceilings, and custom crafted furnishings. Additionally, each bathroom is tiled in exotic marble and mosaics, and the walls are finished with Italian-inspired, hand-drawn paintings. No detail has been missed. “This home has an old world charm with a relaxed coastal feel,” says Hughes.

Outdoors, enjoy a heated infinity pool with adjacent spa and a grilling area for the perfect outdoor host. 

“This home is perfect for anyone who wants to share their island living with family and friends,” says Hughes.

This four-bedroom, four-bath condo, on Seven Mile Beach in the Cayman Islands, is one of only 12 condos in a well-established and beautifully maintained complex. This unit, on the top floor, features 3,400 square feet, a large screened patio, two beachfront master suites and a hidden office. Completely renovated and redesigned at the end of 2018, it is virtually new.

“With only twelve units, no rentals permitted and all the amenities, this is as close as you can get to owning a house on Seven Mile Beach,” says J.C. Calhoun of Coldwell Banker Cayman Islands Realty, who is listing the property for $4.295 million. Additional features include a covered carport, private garage and use of a beachfront pool, on-site gym and tennis court.

On 4.4 acres on a pristine hilltop in Beverly, Massachusetts, this stunning 6,000-square-foot Colonial revival is surrounded by manicured lawns, meadows, extensive gardens and stone patios.

The home features six bedrooms, three full and two half baths, four wood-burning fireplaces, and many Victorian-era architectural details, including detailed moldings and plaster ceiling medallions. Additionally, the wraparound covered porches are a perfect gathering spot overlooking the outdoor garden spaces

“This home is elegant, but not overly formal,” says Patricia White of Century 21 North East who is listing the property for $2.299 million. “It has a feel for a country estate with accessibility of a neighborhood home — perfect for a growing family.”

3 ocean watch photo courtesy of Haig Point; all others ©Dennis burnett photography

Daufuskie Island offers Southern charm and comfort that can only be found on an island with no bridges. Accessible by a 30-minute ferry ride, my journey to the Haig Point community began and ended with relaxation. Catching a glimpse of diving dolphins as I left the mainland behind was a warm welcome into the exclusive area. The sea island just off the coast of South Carolina, which is easily accessible from Savannah, is one that wholeheartedly embraces the easy pace of the Lowcountry.

“As soon as people step off the ferry they
typically fall in love with the island lifestyle,” says Lauren Hunt, the programming and communications manager at the private, member-owned Haig Point. “Their genuine commitment to the island is why they choose to build and live here.” Members welcomed me with open arms and shared the island’s charming attributes, all with similar stories of visiting and deciding to stay for the long haul. 

If the 29-hole Rees Jones golf course, equestrian center, award-winning tennis facility, and beach club don’t entice you, the real estate will. It ranges in size and price, creating a diverse community with something to offer everyone. Haig Point goes beyond vacation and second homes. Permanent residents are enjoying the influx of younger residents. “More families under age 55 joined in the past three years than the previous 10 combined,” says Hunt. An island destination with no traffic — the island runs on electric golf carts — is an ideal opportunity for those hoping to enjoy a smaller, safer environment for their families.

Homesites for building your dream home and a collection of existing properties make up the variety of real estate within the current 270-home development. On the market for $2.995 million, 3 Ocean Watch in Haig Point was designed and built to the highest standards with stunning heart pine and woodwork soured from a 200-year-old house. Other properties range in price from the mid $300,000s to $3 million.

The island won’t be threatened by commercialization or overcrowding, due to building restrictions, according to Hunt. The community’s Architectural Review Board ensures the nature and integrity of the island remain intact alongside development. Across the water, Hilton Head Island is visible. “Hilton Head Island has 2 million visitors annually. That means easy accessibility to great restaurants, shopping, and entertainment. And with only an eight-minute commute, our hourly water taxi makes it easy to escape back to the solitude of Haig Point,” says Hunt.

3 Ocean Watch offers Calibogue Sound views.

Enjoy uncrowded, pristine beaches.

Haig Point offers a private Equestrian Center.

THIS ARTICLE ORIGINALLY APPEARED IN THE GLOBAL 2019 ISSUE OF UNIQUE HOMES. TO SEE THE DIGITAL VERSION OF THIS STORY, CLICK HERE.

©istockphoto.com / ClaudioVentrella

While the pace of wealth creation may be slowing, the story now is how it’s spreading around the globe.

“The increasingly footloose nature of wealth.” That’s how global consultancy Knight Frank characterizes today’s trend in affluence. When it comes to real estate, all it takes is a quick look at the worldwide activity of major brands to see a clear illustration of this concept.

The locations of new affiliates of Sotheby’s International Realty in recent months include Oklahoma City, Arkansas and Kansas, along with Cyprus, Slovakia and Qatar. Qatar is the second location in the Middle East for Sotheby’s. Berkshire Hathaway HomeServices has extended its reach to global hubs, partnering with major firms in Europe and the Middle East. Now, they count Berlin, London, Milan, Madrid, Barcelona, Dubai and Frankfort in their network. Coldwell Banker has offices in 49 countries. Luxury Portfolio International, the luxury arm of Leading Real Estate Companies of the World, has affiliates in more than 70 countries.

“The fact that the world is becoming smaller and smaller, the speed of information flow, and travel contribute to people’s interest in owning properties elsewhere, both for Americans and foreign nationals,” explains Joyce Rey, executive director, Coldwell Banker Global Luxury.

Markets may go through cycles and new partnerships emerge, but the foundation of global real estate hasn’t changed. “The luxury buyer understands that one of the best, if not the best, investments they can make is property,” explains Michael Jalbert, executive vice president, Global Field Operations for HSF Affiliates, the parent company of Berkshire Hathaway HomeServices.

Chatter regarding a potential recession might form a smokescreen, but wealth creation will continue to be a constant, according to Knight Frank’s annual Wealth Report, which forecasts a rise, over the next five years, of 22 percent in the number of individuals whose net worth exceeds $30 million, a group often classified as Ultra High Net Worth, UHNW. Over the next year, existing UHNW, especially in the U.S., expect their wealth to increase.

When Rey began her career in the 1970s, foreign buyers were a rarity, especially in Southern California. Today, she says, the percentage of foreign buyers purchasing ultra-luxury properties, those priced above $20 million, has remained pretty steady. “Usually it waffles between about 20 percent to 25 percent. And that hasn’t changed over the years.” For the first nine months of 2019, foreign buyers accounted for 31 percent of purchases of $20-million plus residences in Los Angeles’ tony west side.

Rey was one of the first to reach outside U.S. borders to forge connections. After the increase of Japanese buyers in 1980s, she traveled to Japan to meet one-on-one with agents and potential buyers. “I feel if a quarter of your buying population is foreign, you should be reaching out to the foreign market,” she says.

Bob Hurwitz, founder and president of the Hurwitz James Company (HJC), was also on the leading edge of the global outreach. “In the early 90s, I recognized that the buyers for my highest-priced properties were more and more often originating from overseas. This was actually before the Internet was even a reality for marketing purposes. As a result, I started focusing a significant percentage of my marketing to exposing my listings here in the states to affluent foreign buyers.” He also created a network of HJC representatives to promote his listings overseas. Currently, Hurwitz represents nearly $3 billion in luxury properties and developments worldwide.

Even those who work in the global arena today are occasionally surprised by the geographic diversity of investors and buyers. “One stat that recently jumped out at me is Aruba is home to 90-plus nationalities and ethnic groups, which I thought was fascinating,” shares Stephanie Anton, president of Luxury Portfolio International. “One of our affiliates there also pointed out that many of their buyers are coming from India.”

And this isn’t an isolated instance. Indian buyers are cropping up in many other primary and second-home locations, including Portugal. Among foreign buyers in the U.S., India ranks third after China and Canada. India is expected to lead the five-year growth in Asia’s ultra-high net worth population with a 39 percent increase, followed by the Philippines (38 percent) and China (35 percent).

Increasingly, the ultra-wealthy are not necessarily tied to one country or one region. Approximately, 26 percent plan to emigrate in the next year. Already, more than a third hold a second passport and 22 percent plan to buy outside their country of residence, according to Knight Frank.

However, 2018 saw only a marginal increase (0.8 percent) in the size of the ultra-wealthy population, which Wealth X describes as a “marked slowdown” from the year earlier. The combined net worth of the ultra-wealthy declined 1.7 percent, the first annual fall in three years, according to Wealth X. However, it’s important to view these changes in context, because 2017 saw dynamic wealth creation with double-digit growth in the number of ultra-wealthy and impressive gains in asset markets.

The global outlook this year is nuanced. Rising interest rates and the end of quantitative easing means we are reaching the end of super-charged returns on everything from classic cars to art and property, according to Knight Frank. Government policies continue to transition as some countries seek to attract wealth, with a record number offering citizenship and residency through policies regarding investment, while others restrict outflows of capital. Others, including Singapore, Australia, New Zealand, Canada and the UK will continue to make it more difficult for wealthy non-residents to purchase properties.

Looking ahead, expectations are for slower price growth in key markets. But, as with any correction, a shift in values is an opportunity to which buyers respond, something that is already happening in London, where agents see a potential turnaround, particularly for higher-priced properties, underway.

“London’s general property market has experienced a slowdown and fall in housing prices. That said, the luxury property market is certainly bottoming out and we are experiencing buyers returning to the market, which is demonstrated by our revenues being up 146 percent year on year,” says Martin Bikhit, managing director at Berkshire Hathaway HomeServices Kay & Co.

“Given all the uncertainty of Brexit, values in London have come down significantly. It’s a buyers’ market,” says Jalbert.

The exchange rate of the U.S. dollar to sterling makes the value equation even more appealing. “American buyers have been able to take advantage of savings up to 45 percent compared to the 2014 peak of the market. U.S. buyers believe that the market is going to spike post-Brexit and there is now an opportunity to buy competitively. Indeed, this is illustrated by the fact that American hedge funder Ken Griffin was the buyer behind two of London’s most expensive property transactions within the past year,” according to Bikhit, who calls this surge a “pre-Brexit boom.”

Hurwitz sees luxury penthouses in many traditional hot markets, including London, as good opportunities for buyers, since those prices have seen a big decline. Other recommendations in Europe include France as well as Tuscany, which, he says, has an appeal that transcends the strictly financial. “Finding something totally renovated in an authentic manner is key.”

A flat or pied-à-terre in Paris has become a rite of passage for Americans, says Anton, noting reports of particular interest coming from Silicon Valley. Paris is one of the bright spots in Europe, placing third on Knight Frank’s list of the

fastest-growing luxury markets.

“France and Italy are still two of our top locations and our offices are expanding in numbers and experiencing a very solid claim in the market,” says Craig Hogan, vice president, Coldwell Banker Global Luxury.

Berlin is Europe’s rising star. It has topped Urban Land Institute’s list of markets to watch in Europe for four years in a row, and currently ranks second after Madrid on rankings of the fastest-growing luxury real estate markets. Luxury residential here is a small but vibrant niche, with the number of privately owned apartments selling above 1 million euros growing by 17.5 percent from 2017 to 2018.

Stefan Schulze, COO, Berkshire Hathaway HomeServices Rubina Real Estate, says, “If Berlin succeeds in further expanding its potential in scientific and culture fields and remains one of the influential centers in Europe, it can be deemed certain that not only the number of premium new development projects but also the quality of luxury real estate will continue to grow sharply.”

Global Buyers in the U.S.

From the perspective of foreign buyers in the U.S., Hurwitz says, the market has changed multiple times over the last few years, fueled by factors as diverse as the attitude and oversight of a foreign buyer’s own government regarding money leaving their country, to crushing economic changes in their country of origin, to U.S. government restrictions on shell companies buying, to various others. Hurwitz says, “I still believe the U.S. is a safe bet and I am telling my clients to buy here.”

During the 12 months from April 2018 to March 2019, global purchases of U.S. properties fell sharply, with purchases declining by 36 percent. The dollar volume as well as the average price also declined. Rather than lack of interest from potential buyers, Lawrence Yun, NAR chief economist, cites what he calls “a confluence of factors — slower economic growth abroad, tighter capital controls in China, a stronger U.S. dollar and a low inventory of homes for sale.”

John Smaby, NAR president, adds, “There is still significant interest in U.S. properties across the globe, and the U.S. is still seen as a safe, secure place to invest.”

London

©istockphoto.com / _ultraforma_

Tuscany

©istockphoto.com / mammuth

Paris

©istockphoto.com / Givaga

Madrid

©istockphoto.com / SeanPavonePhoto

Global Bright Spots

Along with real estate professionals from over 27 countries, Stephanie Anton recently returned from her company’s international conference in Athens. “It was thrilling to hear and see firsthand about so many bright spots in the market,” she says, including places where property markets were hard hit by political and financial turmoil during the recession. “One that was particularly obvious was our host city itself. The optimism of the Greek people was palpable.”

Both Spain and Portugal are seeing an influx of buyers and a surge in sales. Both suffered during the recession and are experiencing a strong turnaround.

“I think there is a sentiment of Europeans kind of holding their breath and waiting to see what happens with Brexit. But yet, there are also bright spots and the bright spots are more of those second-home markets because they’re lifestyle purchases. And so people are less concerned about the economic impact of Brexit because of making decisions on purchasing second or third homes,” Anton observes.

Some of the strongest luxury markets this year have been in resort locales. San Miguel de Allende continues to rank at the top of best cities and second-home destinations. “Our typical luxury buyers are investors looking for properties to take advantage of the lucrative vacation rental market, or shopping for their second or third vacation homes,” says Nancy Howze, with CDR San Miguel.

“Upscale consumers tend to have a broad world view,” says Jalbert. “They understand markets and are attracted to a range of places. Buyers in different parts of Europe are looking for a weather change, so it’s no surprise to see the resurgences of locations along Costa Del Sol and Portugal.” Jalbert adds that almost 100 percent of the luxury transactions in their eight offices in Portugal are from buyers outside the country. “It’s just an incredibly enchanted place where they have beautiful properties, but where there has also been significant investment in infrastructure,” he says.

One thing that has remained constant across the globe is the attitude of the elite regarding buying. Some of the highest sales in the last year can be tracked to global buyers, according to Hogan. “They will spend the money but need to know it’s a wise decision.”

THIS ARTICLE ORIGINALLY APPEARED IN THE GLOBAL 2019 ISSUE OF UNIQUE HOMES. TO SEE THE DIGITAL VERSION OF THIS STORY, CLICK HERE.

Under the Radar: North Cyprus and Canada

In honor of our annual Global issue, we highlight areas not always thought of at the top of the luxury real estate list — but they should be.

A Sunset Paradise

This exquisite new construction estate will excite the discerning buyer who is looking for quality, uniqueness and all the beauty of the Florida Keys.

Destinations of Interest: Panama

From tropical escapes to spectacular biodiversity and marine life, Panama has great appeal to buyers interested in luxury real estate.

Live Like Royalty in Cyprus

The Villa Diva estate, listed for $3.185 million, spreads across 6,000 square meters of land with stunning views of the Mediterranean Sea and mountains.

Featured Agent: Kathie Robidou of Coldwell Banker Advantage One Properties

Listed by Elite agent Kathie Robidou, this custom-built home on 20.2 acres offers stunning views, a gated entry and privacy.

Tamarack Resort is More than Just a Destination

The Village at Tamarack is the latest ski-in/ski-out residential addition to the renowned Tamarack Resort in Idaho’s scenic Valley County.

An Italian Masterpiece

Formerly owned by tenor Titta Ruffo, this penthouse in Rome, Italy was recently redesigned by “starchitect” Dante Benini to grant the comfort of a yacht.

Featured Agent: Sisi Takaki of Berkshire Hathaway HomeServices Hawaii Realty

Close to Waikiki business and Kakaako attractions, this luxury listing offered by Elite agent Sisi Takaki boasts a modern design set in a tropical landscape.

Elegance in St. Croix

In a quiet, gated community in St. Croix, U.S. Virgin Islands, this grand home offers comfort and space for grand entertaining.

Featured Agent: Kim Martin-Fisher of Coldwell Banker Vanguard Realty

Listed by some of the top producers in Northeast Florida, this Ponte Vedra Beach home offers 2,404 square feet and waterfrontage.

A Castle in Tuscany

Located approximately 25 kilometers from Florence, this magnificent castle for sale is one of the most spectacular castles found anywhere in Tuscany.

A Sunset Paradise

This exquisite new construction estate will excite the discerning buyer who is looking for quality, uniqueness and all the beauty of the Florida Keys.

Luxury Living on the Lake

This unique lot in St. Clair Shores is positioned to enjoy dazzling sunrises, fishing off the dock and watching boats, all in a tranquil environment.

Elegant and Opulent Waterfront Estate in Sarasota

Grand estate features extravagant design and dazzling views of Sarasota's Intracoastal Waterway.

Waterfront Bliss in Florida

Make your waterfront living dreams come true with this Punta Gorda, Florida property! Sparkling views won't be missed from your own indoor pool.

Featured Agent: Kathie Robidou of Coldwell Banker Advantage One Properties

Listed by Elite agent Kathie Robidou, this custom-built home on 20.2 acres offers stunning views, a gated entry and privacy.

Tamarack Resort is More than Just a Destination

The Village at Tamarack is the latest ski-in/ski-out residential addition to the renowned Tamarack Resort in Idaho’s scenic Valley County.

Sprawling Estate with Incredible Views and Amenities

A stunning showplace of architecture and craftsmanship, this sprawling estate offers an elevated living experience in Kauai’s most desirable enclave, “Anini Vista.” Featuring incredible views: epic ocean, white water, Anini Reef, Hanalei mountain range and Bali Hai sunsets.

Crystal Clear Water Views in Nevada

Stunning views from this picturesque condominium await! Stillwater Cove in Nevada is full of luxurious amenities and wonderful entertainment.

An Italian Masterpiece

Formerly owned by tenor Titta Ruffo, this penthouse in Rome, Italy was recently redesigned by “starchitect” Dante Benini to grant the comfort of a yacht.

Who’s Who Luxury Real Estate Retreat Announces World Record Holder As Keynote Speaker for Spring Retreat

Want to learn how to become the real estate industry's go-to professional? Ryan Avery is the expert you've been looking for.

Tamarack Resort is More than Just a Destination

The Village at Tamarack is the latest ski-in/ski-out residential addition to the renowned Tamarack Resort in Idaho’s scenic Valley County.

New Luxury Residence Begins Sales

Pendry Residences West Hollywood features stunning interiors and high-end amenities.

Stacy Gottula joins Celebrity Team Eklund-Gomes

Stacy Gottula, one of the premier luxury real estate brokers with the Agency, has officially redirected her career toward working with Eklund and Gomes.

Engel and Völkers Snell Announces New Partnership

Luxury real estate company, Engel & Völkers Snell Real Estate, recently announced its newest partnership with Lifestyle Asset Group, an exclusive vacation home company.

New report affirms the allure of a second home

Luxury Portfolio International's newest report discusses "The Allure of the Second Home" and how affluent buyers are showing interest in resort markets.

Chinowth and Cohen Realtors to Receive Lifetime Achievement Award

With more than 65 years’ experience between them, Sheryl Chinowth and Lee Cohen, co-founders of Chinowth and Cohen Realtors, have proven to be leaders in the luxury real estate industry.

Home of Dean Martin for Sale

Totaling approximately 27,500 square feet, the massive concrete home with a modern museum-style aesthetic was completed in 1995, and has since replaced the longtime home Dean Martin originally purchased in the 1950s.

Renowned Chef Gastón Acurio is Joining Atlantis, Dubai, in 2020

One of the world’s leading Peruvian restaurants is announced as the latest culinary addition to The Royal Atlantis Resort & Residences, set to open late 2020.

Pimar Wins Award for Restoration of Ancient Italian Walls

The Italian limestone manufacturing company Pimar won first-place for its restoration of Parco delle Mure Urbiche in the city of Lecce.

Photo by Charles Roach / aloha films

Experts say it’s the perfect time to buy in Hawaii. But when isn’t it?

Aloha is much more than a salutation or expression of farewell in Hawaii. The “Aloha Spirit” is a way of life. This philosophy of mutual regard and compassion for others was a gift from native Hawaiians and is still practiced today to contribute to the overall experience on the islands.

The relaxed nature combined with pristine beaches, luxurious homes, and natural beauty make Hawaii a dream location for a second or permanent home.

“Oahu, known as ‘The Gathering Place,’ offers a wonderful combination of the amenities you would find in a vibrant metropolitan city as well as easy access to the tropical environment, including beaches, trails, and spectacular scenic ocean views,” according to Tracy Allen, the vice president and global luxury ambassador for Coldwell Banker Pacific Properties in Honolulu. The Hawaiian Islands are a true place for gathering, from outdoor enthusiasts to business professionals, with the surrounding Central Pacific Ocean offering added benefits for all.

“Oahu is truly magical in that it has all of the beauty of Hawaii while offering the ultimate lifestyle in paradise — outdoor activities, dining, and culture,” says Tracy Bradley, president of Berkshire Hathaway HomeServices Hawai’i Realty. Similarly, Dannette Andrews, at Oceanfront Sotheby’s International Realty, says, “moving to Kauai is a lifestyle choice for people who appreciate the natural beauty and laid back lifestyle.”

Ideally located at almost the mid-way point between the United States and Asia, Hawaii is an oasis with easy access to flights in both directions. Although, visitors may never want to leave the world-renown beaches, gentle waves for canoe surfing or the more extreme Pipeline, gorgeous waterfalls, hiking, ziplining, luxurious homes, and high-end restaurants. “Year-round we are able to surf, play tennis, hike, snorkel, sail, bike, and enjoy paradise,” says Bradley.

Whether buyers are relocating or hunting for a second home, “it’s the perfect time to buy,” says Andrews. “Luxury real estate on [Kauai] used to be considered anything over $1 million, but I would now say it’s pushing closer to $1.5 million. And the ultra-luxury for high-end gated estates start around $4 million and go up.” According to Allen, Oahu is one of the most diverse metropolitan areas in the U.S., with a strong influx of foreign buyers. “The leading foreign investing is still from Japan, followed by Canada and Korea. U.S. West Coast buyers are also a dominant force in our market and make up a large segment of our second-home buyer market.”

Hawaii Luxury Experts

Hawaii

Tracy Allen

Vice President, Global Luxury Ambassador

Coldwell Banker Pacific Properties

D. 808.593.6415  C. 808.927.6415

Tracy@cbpacific.com

www.TracyAllenHawaii.com

PageS 142-144

Hawaii

Tracy Bradley, R

President, RB-15189

Berkshire Hathaway HomeServices Hawai’i Realty

D. 808.282.3264

tracyb@bhhshawaii.com

www.bhhshawaii.com

Page 42

Hawaii

Dannette Andrews

Realtor (S), CRS, CLHMS

Oceanfront Sotheby’s International Realty

C. 808.635.7019

Danette@KauaiLuxuryLiving.com

www.KauaiLuxuryLiving.com

PageS 44-45

THIS ARTICLE ORIGINALLY APPEARED IN THE GLOBAL 2019 ISSUE OF UNIQUE HOMES. TO SEE THE DIGITAL VERSION OF THIS STORY, CLICK HERE.

Located approximately 25 kilometers from Florence, this magnificent castle for sale occupies an incredibly dominant position and is without doubt one of the most spectacular castles found anywhere in Tuscany.

Named Torre Del Castellano, the exact origins of the castle are unknown however documents dating back to the 14th century note the castle within local records. It is believed to have been built around a watchtower, first with a signalling function and then as a garrison, hosting a small group of soldiers for the control of the major roads that linked Florence to Arezzo and Rome.

Throughout the centuries the castle increased its strategic importance as it was located on the southern borders of the Republic of Florence, in an area where the power of noble feudal families was still strong, and where they often took refuge during wars and disputes of the time.

The castle eventually lost its military function and was subsequently transformed into a manor house. As with many other former military buildings located in the countryside, it was later converted into a farm and at that time cellars and an oil mill were established in the basement. After a long period of dilapidation in the first half of the 20th century, the castle was restored by the current owners.

The main tower at a height of 30 metres offers absolutely breathtaking views over the surrounding countryside.

The property has all the characteristics to be transformed into a luxury boutique hotel or alternatively it could be used as a stunning private estate. This is a unique opportunity to purchase one of the most impressive castles currently on the market not just in Italy but throughout Europe.

Distances

Florence: 25 km

Arezzo: 50 km

Siena: 70 km

Airports

Florence: 40 km

Pisa: 110 km

Details

Price: Price upon request

Interior: Living Space: Approximately 1,277 square meters

Cellar/Cantina: Approximately 434 square meters

Land: 9 hectares/22-plus acres

Rooms: 26

Bedrooms: 9

Baths: 7

Chapel/Capella: Separate and included in this offering

 

For more information, contact:

Jean Mastagni, Broker Associate

DRE License#00479256

Coldwell Banker Residential Brokerage

36 Tiburon Boulevard

Mill Valley, CA 94941

jeanlmastagni@gmail.com

Office:  415 381-7686

Cell:   415 310-7386

www.jeanmastagni.com

On tablescapes, in kitchens and baths, garden and great rooms, green seems to be having a moment.

Photo courtesy of marvin Windows and Doors

Extensive windows and doors link to greenery outside and bring nature inside.

©istockphoto.com / martinwimmer

Photo JORDAN STEAD / Amazon

Not too long ago, it was difficult to spy even a vestige of green in a room. Today, it’s almost impossible to find new interior scheme without a spark of green. “We’re seeing emerald green used on everything from walls to cabinetry to tile and even lighting,” observes Sue Wadden, director of color marketing at Sherwin-Williams.

Green hues, especially deep vibrant shades, seem to be everywhere along with living greenery and plants. But rather than a fleeting color preference, the passion for green might also be the first sprouts, indications of a more transformative movement — biophilic design — edging into residential design and architecture.

Biophilia, according to consultants Terrapin Bright Green, refers to humankind’s innate biological connection with nature. Although social psychologist Eric Fromm first coined the phrase “biophilia,” the concept wasn’t popularized until the 1980s when biologist Edward O. Wilson took up the mantle. Biophilic design introduces natural elements, organic forms, light and water into the built environment. Research shows integrating natural elements increases productivity, enhances creativity and improves mental health. “We’re getting evidence-based design, especially in the healthcare industry, that just by having a view of the outside a patient recovers quicker and requires less medication and attention after surgery,” observes Miami designer B. Pila.

“The use of green in home interiors is picking up steam,” explains Stephanie Pierce, director of design for MasterBrand Cabinets. “There are a variety of shades cropping up today, particularly in the kitchen and bath from deep emeralds to soft sages and dark ivies. Deep, moody hues are making a bold impact on these spaces. The effect is as cozy as a warm blanket.”

“Touches of rich, verdant green can make it feel as though you’ve escaped to the outdoors and are soaking up the invigorating effects of nature — without even leaving your home,” shares Wadden.

“With the growing interest in wellbeing in all aspects of our lives, including the home, people are using nature-inspired lush greens to bring comfort into spaces,” explains Christine Marvin, director of corporate strategy and design at Marvin Windows and Doors. “Emerald green is a bold color that perfectly balances glamour with calmness, evoking a sense of relaxation and inspiration.”


Three spherical conservatories forested with more than 40,000 plants and trees allow Amazon employees to work while surrounded by nature.

Photo courtesy of sherwin-williams

Green, whether an accent or main course, is a mainstay on design menus.

Until recently, biophilic principles were utilized primarily in commercial structures, and the inclusion of nature — living plants, park-like oases, organic forms, natural materials including wood and stone, water and light — is revamping corporate settings including Amazon, Apple and Google. Last year, Amazon’s long-awaited biophilic project, The Spheres, opened on the site of its original headquarters. The three glass and steel domes are forested with more than 40,000 plants. Along with plants and a four-story-tall green wall, there are waterfalls, a river, walkways and meeting spaces. Hotels and other commercial spaces are implementing biophilic design practices but with more modest expressions.

For residential buildings, the addition of natural elements and connections with the outside has been an ongoing evolution, partially in response to consumer attitudes rather than a dedication to biophilia. Designers are just catching on. “Consumers are more educated in wanting healthier lifestyle choices,” says Angela Harris, creative director and principal of TRIO, an award-winning interior design firm in Denver.

Current residential design merges indoors and out, organic and humanmade, using visual and real connections. The integration of outdoor spaces is a response to consumer lifestyle demands, but the end result potentially delivers the cognitive, psychological and physiological benefits biophilia advocates tout.

“We’ve noticed an increase in demand for bigger windows over the past five years, as more people want to feel connected to the world around us while we’re indoors,” comments Marvin. “In a world that’s become fast paced and where our living and workspaces are merging, letting light in allows us to feel alive and connected to space outside our homes. Incorporating large windows into the home plays a significant role in achieving this ‘outdoors in’ feel and connecting to nature. We’re also seeing a pull towards large window walls, or many windows that are mulled together to create a wall of light that heightens the experience of light in a home.”

It may seem biophilia is just another quick moving fad, but more than one organization is promoting the concept and actively formulating certifications for buildings under the auspices of groups such as the International Living Future Institute, a Seattle-based nonprofit that encourages sustainable practices and wellness. In 2016, a cadre of architects, builders and researchers formed the Biophilic Design Initiative to further the movement. Biophilia is also part of the U.S. Green Building Council’s WELL Building Standard.

Whether or not biophilia will exert a long-term influence on design remains to be seen, but there is a good chance wellness and nature will be an important aspect of design’s new normal.

Tiles Traveling Through Time

Travel through time and admire seven handcrafted designs in the New World Collection designed by Sasha Bikoff for New Ravenna, America’s premier mosaic designer and manufacturer.

The Ways to Wellness

With Spring just around the corner, now is the perfect time to swing into health and wellness. Envisioning and reflecting on your health goals is a breeze when your home supports and sustains your best self.

Live Your Best Light

If your home's style is feeling a little under the weather, try experimenting with some new lighting. You might be surprised at the life it brings.

Picture Perfect

The right wall decoration can give a home that unique touch that helps further showcase you and your style.

Declutter Your Space

Start 2020 off right by organizing your space and making room for a decluttered start.

Colorful Royalty

In an interview, Nelson De La Nuez discusses the incorporation of images from American pop culture, today’s advertising and high-end branding in his art.

Be My Guest!

Make your guests feel more at home with these tips to improve your guest room, making friends and family feel as if they stepped into a five-star hotel!

Out with the Old, in with the New

Give your home a new spring in its step with colorful windows and doors that will draw the eye and boost curb appeal.

A New Style for the New Year

Lovers of Scandi’s enlightened sense of style will rejoice at the discovery of the beautiful Farringdon and Dorset collections of reclaimed wood furniture from Modish Living.

Green Dreaming

The color green symbolises life, renewal, harmony and growth and is set to steal the limelight of new interior design concepts in the year ahead.

A Guide to the Michelin Guide

Bvlgari Hotels & Resorts is proud to announce that both the hotel’s signature restaurants, the Italian Il Ristorante — Niko Romito and the Chinese Bao Li Xuan, have been awarded Michelin stars during the Michelin Guide Shanghai 2020 presentation ceremony.

The Art of Writing

Exclusive writing instruments elevate the tradition of putting pen to paper — a ritual technology cannot erase — into fine art

Bedding for a Cause

The Good Sheet, a luxury bedding brand based in Tasmania, Australia partnered with non-profit organization, One Tree Planted, is planting five trees in its home state of Tasmania with every bedding set sold.

Modern Midwestern Makes

These two Midwestern brands, both with a reputation for timeless design, craftsmanship, and innovation, will debut a new collection in January 2020.

Concrete-Inspired Gift Guide

Looking for inspiration this holiday season? Check out this gift guide with an edge. These concrete-inspired items are perfect for your home or office and will stand the test of time to celebrate for years to come.
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