Featured image: ©istockphoto.com / benedek
Canada, a land of beautiful scenery and congenial spirit, balances energetic city life with a calmer, relaxed lifestyle by the water. And if you ask Billie Pat Dall, sales representative at Bernice Whelan Realty Inc., about the real estate market, she’ll tell you that the area in which she sells (the Lake Simcoe and Barrie area of Ontario) is attractive for buyers who are looking for more space.
Only an hour north of Toronto, Barrie offers luxury homes at more affordable prices than in the city, ranging from $2 million to $20 million. Homes are complete with gourmet kitchens, main floor principal suites, home theaters, wine cellars, sports courts, and pools. Residents who live on the water enjoy charming boat houses with guest suites and tranquil water views.
According to Dall, Barrie is also an ideal area to raise a family, as residents have a wide array of outdoor activities at their fingertips.
“It is a place where kids can ride their bikes down to the beach and then over to one of the many tennis courts or to play basketball, and then back home to swim in their backyard pool. All of this is at your doorstep when you live in this region. There is also the added bonus of only being a one-hour drive away from Toronto, so parents can commute if they work in Toronto and visit for a Jays baseball game, theater or concert,” she explains.
Besides athletic endeavors, the Lake Simcoe region also hosts Canada’s largest camping and country music festival, The Hearts and Boots Festival, and Ontario’s biggest waterfront festival, Kempenfest.
Oakville, located just 45 minutes south of Toronto, boasts a thriving market as well, being one of the most densely populated regions in Canada. Lesley Cumming, sales representative at Sotheby’s International Realty Canada, describes Oakville and Burlington as the “home to hikers, bikers, economic trail glazers, casual boaters, and local vendor enthusiasts.”
In Oakville and Burlington, you can find condos situated on the shores of Lake Ontario and 50-plus-acre properties with rolling hills, bank barns, horse stalls, ponds, and paddocks. Locals can head over to lakes, beaches, marinas, and conservation trails to absorb the stunning landscape.
Cumming notes that most new buyers in this region were previously urban dwellers from the Greater Toronto Area, in search of a smaller community with more property space. With varied landscape, cuisine, and population, Oakville and Burlington find a way to keep residents and visitors entertained while also cultivating an at-home feel.
“There is so much that is attractive about our region from the diverse cuisine, our local specialty shops, to our beautiful landscape. We have something for everyone,” Cumming says.
Cover photo ©istockphoto.com / Evgeny Zhigalov
Of all the changes brought on by the pandemic, what is here to stay?
From a drone’s eye perspective of 50 years, real estate might resemble a Mobius strip, a never-ending roller coaster of ups and downs with each boom-and-bust cycle sparking small changes and adaptations. But none have had an impact comparable to the pandemic, which ushered in an avalanche of innovation, new ways of doing business and a profound shift in consumer values. Some effects are a temporary response, while many reflect a significant transformation.
“The way that real estate as an industry operates has changed, and I believe it is a microcosm that can be applied to 90 percent of the economy out there. No one is going back, and that means the way we live, work and play changes forever,” observes Marci Rossell, former CNBC chief economist and chief economist for Leading RE. “COVID drop-kicked us into 2030.”
Ask agents if any prior cycle compares to the experience of the last year and a half, and they will tell you the pandemic boom is unparalleled. “I don’t think any Realtor in the country has had the experience we’ve had this last year! Yes, there have been good upticks in certain years in certain places, but never anything like this!” shares Trinkie Watson with Chase International in Lake Tahoe.
“We’ve certainly seen periods where you had to pivot skill sets and be really aware of the market and things that would impact clients, but we’ve never seen anything like the last year and a half, (and) that’s been compounded by a lack of availability,” shares Tami Simms, with Coastal Properties Group in St. Petersburg, Florida, who is also trainer for the Institute for Luxury Home Marketing.
“I think that last year was the most significant year of change from a tech perspective,” says David Marine, chief marketing officer at Coldwell Banker Real Estate. The pandemic market accomplished what major brands had been working on for years. “In 90 days,” he says, “every single real estate agent figured out a way to move the transition online. Now it’s commonplace. It’s no longer an issue.”
“Agents basically skyrocketed 10 years into the future, and they did it in a two-month period,” says Rossell. Rather than an abrupt switch, industry experts see real estate’s seemingly overnight embrace of new technology as acceptance of tools already available. Think of it as “escalating trends that were already underway that would have happened, but they are going to happen almost a decade faster than anyone expected,” explains Rossell.
Will it be a virtual world?
Prior to what Simms dubs “the Zoom age,” she says, there wasn’t a widespread understanding or trust or proficiency with virtual apps. “Now,” she says, “we know how to use it. We’re reasonably proficient at it, and there’s a level of trust. So, we’re able to embrace this technology. You know I don’t ever want to go back to having to communicate with out-of-state buyers purely by telephone.”
Virtual Sales are touted as the main advancement sparked by the pandemic, but an even greater benefit has been an industry-wide recognition and adaptation of virtual apps to enhance and expedite the process from initial views of a property to consumer education. “FaceTime is an effective tool, but really more to give a prospect a better idea of the home, not to induce an offer … though it could,” says Watson.
Looking ahead, agents don’t expect virtual sales to disappear, but they will continue to be a rarity. “I don’t think we’ll see many escrows where the buyer hasn’t physically seen the property. Yes, Zoom and similar will continue to be a part of our lives. Also, more defined photography for our listings … the importance of a comprehensive ‘walk through’ so prospects can get a good feeling for how the house flows,” says Watson.
Detailed virtual walk-throughs became more important than ever, with platforms such as Matterport leading the way.
©istockphoto.com / fizkes
“In-person viewings have been very limited. No one wants to go to open houses. No one is walking about a house just for fun. People are looking online. They are viewing the pictures of a listing maybe 10 times before they see a house. So, a showing is more like a fourth showing, and agents need in-depth knowledge of a property,” says Joanne Nemerovski, with Compass in Chicago.
©istockphoto.com / joakimbkk
Dreaming of Home
The ability to work remotely is often cited as the main driver for the surge in sales, but even more fundamental are new consumer values regarding home and lifestyle. Citing millennials, who now comprise a substantial portion of buyers, Nemerovski says many were starting careers and literally were never home, so home basically was a shoebox they visited. “I think that sentiment has changed. Home is where the heart is. It has become the center of people’s lives. People are also more respectful of their homes.”
Everybody wants their dream home,” says Frank Aazami with Russ Lyon Sotheby’s International Realty in Scottsdale, Arizona, “because they just cashed out of another home that maybe they inherited or maybe were there for 20, 30 or 40 years.”
Buyers’ expectations of quality are high and will continue to be so. “People understand the level of finishes better than ever before. We’ve gotten so much better with respecting architects, good architects’ work, good designers’ work,” he says.
“All of a sudden, consumers are finding that now it’s not all about a commute. It’s about ‘does the place that I live offer me the things that I want to do when I have a little extra time, both inside and outside.’ Outside spaces have always been a luxury item, but more so now than ever,” says Simms. Topping wish lists are beautiful recreational facilities, inside and out. Also becoming more desirable is access to nearby outdoor venues such as parks and trails. Before COVID-19, outdoor living was a growing trend; now a connection with nature has become almost an essential for homes, particularly new construction.
Skills Put to the Test
With properties selling days or hours after going on the market and multiple platforms broadcasting new listings, it would seem agents’ skills are not essential. However, the pandemic market has proved the opposite. “It’s been a really intense time for real estate professionals in terms of making sure that their communication skills are absolutely the most important thing that they have, setting expectations, both on the seller side and the buyer side,” says Simms.
“There’s more attention to vetting prospective buyers, making sure they are qualified to buy before showing them property,” adds Watson.
Price is only part of an offer’s appeal to sellers, and crafting a winning offer has been an important skill for agents and buyers in the current market. Even when multiple offers become less of the norm, this aspect of buying will continue to be important.
An intense market tempts buyers to forgo contingencies. “It has been definitely challenging to counsel people on strategies to be successful in acquiring properties, but also in making sure that they truly understand the ramifications of releasing contingencies and know the risks they are taking on,” shares Simms.
“A downside of the intensity has been buyer’s remorse, cancellations before closing, some attempted lawsuits … a result of no inspections, jumping too fast without thorough exploration, et cetera. This would be a small percentage of the purchasers, but certainly a reflection of ‘herd mentality’ going the wrong way!” says Watson, referring to the pressure buyers felt to make a decision.
With days on market hovering just over 14 in July, prices rising in 99 percent of all metro areas, and double-digit price increases in 94 percent of metros (according to NAR), the current pace might seem no less fevered. Still, indications of a transition are beginning to filter out from a number of locations. Days on market are increasing ever so slightly, and overblown prices are being reduced. Or, as Katie Treem at Keller Williams Realty in Portland, Maine, explains, it might be that a property receives 20 offers instead of 40. “We’re still seeing people moving from New York, Boston, Connecticut and D.C.,” she says.
Also, agents like Treem are just beginning to see a few who bought in 2020 reselling. Sometimes they improved the property, but in others, decided the lifestyle was not what they desire or the commute, even for occasional days in the office, was too difficult.
In Tahoe, Watson says, “I believe the intensity has certainly calmed down, and I suspect very few listing agents will accept an offer from a buyer who hasn’t physically viewed the property. That goes for waived inspections … I’d be surprised if many are doing that any longer.”
No Bubbles Here
Bubble talk has become almost a perennial for real estate, but experts such as Rossell do not subscribe to this characterization of the market. Rossell says, “It’s not a bubble. It’s simply real demand bumping up against severe supply constraints. But this doesn’t mean house prices continue to go up. But what it does mean is you’re very unlikely to see the bottom fall out of the market, the way that you did in 2007, 2008.
“September 11 forever changed the way that we thought about terrorism. And I think in the same way, the first round of COVID in March of 2020 forever changed the way that we thought about public health, and pandemics. I think we’re all going to be living with the reality that at any given time something like this could happen, just like terrorism.”
Days on market are increasing, and overblown prices are being reduced. It might be a property receives 20 offers instead of 40, says Katie Treem at Keller Williams Realty in Portland, Maine.
©istockphoto.com / sara_winter
The Manor from Unique Homes 2017 Ultimate issue.
Photo courtesy Hilton & Hyland.
As we mark the 17th “Ultimate” edition of Unique Homes, we look back at the exceptional properties and agents who have been a part of the annual celebration of the most expensive real estate in the U.S.
Over the 50 years since the first issue of Unique Homes rolled off the presses, countless estates have graced our cover. Hundreds have captured a top position on Ultimate Homes’ list of the most expensive, but only a very few are real estate legends. Trackback through record-setting sales and property listings, and a handful of properties filter to the top, including an equally select cadre of real estate agents.
What destines a property for legendary status? Rarity, provenance, architecture, land and location all play a role. “We have represented and sold many properties that are above and beyond, but what makes them legendary is the architecture and the history of the property, including notable prior owners, location, and the property amenities that set the bar for other luxury properties,” explains Judy Zeder, a member of the Jills Zeder Group (along with Jill Eber and Jill Hertzberg) with Coldwell Banker Realty in Miami.
“What truly makes an incredible luxury property is that it’s something that someone else would never have. It’s not just another house with a different material feature,” shares Shari Chase, founder of Chase International Real Estate in the Lake Tahoe/Reno region. “Rarity is huge,” she says, as is “not being bumper to bumper with a lot of mega mansions that are exactly the same.”
The 2016 sale of the Playboy Mansion cracked the $100 million benchmark in L.A.
Photo by Jim Bartsch.
Owlwood, Pickfair, Le Belvedere, Greenacres and Chartwell: the list of legendary properties that Joyce Rey, who heads Coldwell Banker Global Luxury’s division for Southern California, has sold is only surpassed by the number of accolades she has received over her more than 40-year career. Her sales have achieved price records multiple times, sometimes for the same property. In 1976, she sold the Sonny and Cher mansion for $1.2 million, a record at the time. Two years later, she sold it again for $4.2 million, which surpassed all other prices, setting a new high in the U.S. and worldwide. “It was a really big deal,” she says. “It changed the marketplace.”
The storied history of this property, which was renamed Owlwood to honor owls living in the estate’s towering trees, continues to the present day. The acquisition of neighboring properties and additional acreage over the years enhanced the value. Last offered for sale well above $100 million, it appeared on Unique Homes’ Ultimate list last year at $115 million. It sold in December in an off-market transaction for a reported $88 million.
Once dubbed “the Crown Jewel of Beverly Hills,” Owlwood’s resume includes a number of other high-profile names and celebrities, including Marilyn Monroe.
Ultimate Manhattan? The Tommy Hilfiger penthouse at The Plaza in New York City graced the cover of Ultimate Homes in 2014.
Casa Casuarina, seen here on the Unique Homes Fall 2012 cover, was the home of Italian fashion designer Gianni Versace.
Having a much-loved celebrity often adds to the cachet of a property. “Americans love celebrities,” says Jill Eber. “When a celebrity is comfortable using their name in connection with a property, it really makes a difference. Every home comes with a story and a celebrity’s story just makes it more interesting. A lot of properties are sold by very successful business people and the properties are just gorgeous, but when a home is sold by a celebrity or athlete, buyers are curious and sometimes they are attracted to that cache.”
Few celebrity homes received as much buzz as the Miami Beach mansion owned by the late Gianni Versace. “Everything about the Versace property, known as Casa Casuarina, was fun and exciting,” says Jill Hertzberg, who, along with Eber, sold the property. “It was a totally iconic property known worldwide. Every room was different with the most extraordinary mosaic tile designs throughout. The property was built for fun and entertainment and the buyers who purchased it just loved it! They all jumped into the pool on the day they got it. Standing in front of the mansion with reporters from all over the world is something I will always remember.”
Among our Ultimates, few have generated as much interest as The Manor, dubbed The Spelling Manor when it came to market in 2009 at an unprecedented price of $150 million, eventually selling for a reported $85 million in 2011. The buyer, Petra Ecclestone, daughter of Formula One billionaire Bernie Ecclestone, embarked on an extensive remodel, eventually bringing the estate back on the market in 2016 at $200 million. The 2019 sale price, $119.7 million, set a new, but short-lived, record for Los Angeles. Only a few months later, another legendary property, Chartwell, sold for a reported $150 million, achieving a new benchmark.
Designed by Sumner Spaulding in 1933, Chartwell, like several other legends, including the Manor, was inspired by French chateaus. Located on 10 acres in Bel Air and surrounded by pristine gardens, it ticks off all the attributes of a legendary estate. Although it is notable for the highest list price, $350 million, in 2017, few other mansions are as familiar to so many. Featured on the 1960s sitcom, The Beverly Hillbillies, it was home to the Clampetts.
It’s worth noting the estate is actually in Bel Air. The Bel Air Hillbillies might not have been as catchy a title as the Beverly Hillbillies, says Gary Gold, with Hilton & Hyland, one of the agents listing the property. Using a home at one address, but identifying it as being in another location in films and television is not unusual, according to Gold.
Chartwell was listed by a team of agents including Rey and Jade Mills with Coldwell Banker Realty, and Gold and Jeff Hyland with Hilton & Hyland. When prices breach $100 million, it’s not uncommon to have multiple brokerages marketing the property.
“These big sales have many layers of complexity. It can be a trust, a bankruptcy or a probate, and everyone at this level is well represented. And at $100 million, no one is flexible,” explains Gold. Often the team of agents and brokers will divide the tasks depending on their expertise. Gold says he is always 100-percent committed to getting the deal done.
Having brokered the sale of the Playboy Mansion, Gold jokingly refers to himself as the “Roger Bannister of luxury real estate.” Like Bannister’s one-minute mile, the Playboy Mansion smashed the $100 million ceiling in L.A. and opened the door to a number of legendary estates trading at or over $100 million, including Chartwell and The Manor.
“These types of mansions usually come on the market once in a blue moon, once a decade, but recently a number have traded in the last couple of years,” Gold shares.
When it came on the market, the Playboy Mansion received lots of media coverage. Still, when Jade Mills, who represented the buyer, initially saw the property, she wasn’t expecting to find a zoo. The property had “been talked about, but not really the zoo and the peacocks and everything that was there,” she says.
“When I first went there, there were all of the animals, monkeys, peacocks were all over the property — I just thought that it was so amazing that right in the middle of Holmby Hills, you had all those fabulous animals. So, it was just fun to see, and to see the grotto.”
Gold says the number of birds increased over time as local avians decided it was a great place to call home and joined the menagerie.
Another interesting tidbit was an abundance of pushbuttons in this home, sort of a smart home before the era of home tech. For example, push a button and the bed would turn around. The grotto had an array of buttons, all glowing red, and a phone from which you could dial up whatever music you wanted
Foundation of Value
But for legends, it is the amount of land or an impossible-to-replicate location that usually sets them apart. A majority occupy sizable parcels, whether it’s hundreds of acres like Tranquility in Tahoe, or a dozen or less in Bel Air or Holmby Hills. The exception are places such as Malibu, where a setting on the beach is more prized and rarer than acreage.
“Regardless of the condition — like new, falling down or anything in between — each owner puts their heart and soul into these homes,” shares Robert Kinlin, co-owner of Robert Paul Properties, who works with some of the most expensive in Boston and on the Cape. “But a lot of times, people are buying the land and the feeling it evokes when they’re outside walking the property, because you can’t change the land, but you can change the house.”
“The biggest thing you can have with a beautiful estate is Mother Nature,” adds Shari Chase.
When Chase founded her brokerage in 1986, the word “luxury” really wasn’t part of the vocabulary. Instead, she says, “we talked about estates and extraordinary estates, and her tagline was Exceptional Properties for Exceptional People. “I wasn’t going to bother with just any kind of real estate. I only wanted the best, and whether I had one or two or three sales a year, it didn’t matter. I mean, as long as they were fantastic. I think the very first sale was lakefront.” Early on, Chase was involved in what she describes as “the most extraordinary sale we ever had at Tahoe,” the Thunderbird Lodge at a record $50 million. “It held the price record in the entire nation for over 8 years.”
Not often are newly constructed homes destined to become legendary, but Le Belvedere, sited on over 2 acres in Bel Air overlooking the city with a romantic landscape that includes a swan pond, rose gardens and a 280-degree panorama of city lights, is the exception. Over-the-top features such as opulent materials, a ballroom seating 200, a media room seating 50, and a 500-bottle wine cellar, were exceptional when it came on the market in 2009, but the way every detail is executed, the stateliness of the architecture and the sense of harmony from all facets working in perfect sync pushes it from a “stellar property” to a legendary estate.
Le Belvedere, like Tranquility, is also exceptional for its amenities. At that time, shares Rey, “people weren’t building so many of those major theaters. Before that, only those in the industry had large screening rooms.
Rey was involved in the sale of Le Belvedere for $50 million — the highest in the U.S. in 2010 –— and again in 2018 for $56 million.
In recent years, there have been a number of newly built for-sale trophy homes, some with list prices stretching current benchmarks. What sets these properties apart is the number of over-the-top features, including curated art installations, stocked wine bars, car collections, an onsite staff and even a helipad. The objective — to include everything someone might want in a home — is aligned with the motives behind the inclusion of extensive amenities in classic estates.
No matter how exquisite a property, new owners have a penchant to put their own stamp on it. “I just think that it’s amusing that people must make even, you know, the most expensive, beautiful home — they must make it their own. So sometimes it’s just been remodeled, and then torn completely apart. And they start over,” shares Mills, who brokered the 2019 sale of The Manor. And this practice is not limited to prime estates. Instead, it reaches across the entire price spectrum, whether a house is $1 million or a $100 million.
Few other homes on our annual list have received as much attention as this estate. “The Manor was sort of like no other,” recalls Mills. With 123 rooms and more square footage than the White House, it is one of the largest in Los Angeles. Size and prices generated publicity, but it was the extensive amenities, including gift-wrapping rooms, vast closets, a barber shop, hair salon, bowling alley and nightclub that captured the public’s fancy. There aren’t as many closets as large as the one in the master,” Mills ventures, estimating it to be in the 2,500-square-foot range.”
Featured image: ©istockphoto.com / Chinnapong
It’s time to discover these 10 extraordinarily refined places, each with distinctly different waterfront experiences.
What’s tucked inside a Great Lakes luxury property? The better question is, what’s not? Aside from fantastic lakefront views, plenty of room for entertaining, and a spot for any water toys you may fancy, the area itself is famously well-known. Janine Grillo, a Keller Williams Domain Associate Broker, tells Unique Homes that the Great Lakes region is the
No. 1 freshwater boating destination in the U.S.
“The sheer size of this territory affords boaters a whole world of fun and a number of diverse places to explore on the water,” she says, noting that every day here feels like a vacation. “This summer, we are finding buyers are looking to enjoy life more, relax (and work) from home. The updated, roomy waterfront properties sell fast,” Grillo says.
Lake Tahoe, Nevada & California
“The air up there in the clouds is very pure and fine. Bracing and delicious. And why shouldn’t it be? It is the same the angels breathe,” said Mark Twain in describing Lake Tahoe. Chase International President and CEO Shari Chase characterizes it in the same way, recounting this quote from where she calls home, on the Nevada side of the iconic area.
“Lake Tahoe is a real treasure,” Chase says in painting a picture of the 22-mile-long, 12-mile-wide body of water, which is majestically surrounded by mountains. “Everything has a very spiritual essence to it here. The water is beautifully pure, with blues and crystalized greens,” she continues. The land boasts an outdoor lifestyle, where residents can easily take in treasured hiking trails, ski lodges, boating, beaches, art and more. Within one hour of the space are gems such as Virginia City, Genoa, and Jackson, California, which all are filled with wonderful recreation.
Prices here range from $3.75 million to $48 million, with most buyers prioritizing a spacious pier when considering their search.
Chase International Broker Trinkie Watson says that diversity of year-round outdoor activities, alongside good restaurants, art galleries and unique shopping are a huge draw to the area, as well as convenience to Sacramento and the Bay Area. Residents can easily take in treasured hiking trails, ski lodges, boating and beaches. “Whether it’s at the lake or on a beautiful trail in the mountains, it’s all gorgeous,” Watson says.
Londonderry, New Hampshire
The New England waterfront is known for its variety of seasonal landscapes throughout the year. Residents are able to experience the full extent of floral springs, fluttering snowflakes, peaceful waters, and crisp autumn leaves. And right now, in the summertime, the sights could not be better, says Morgan Smith, a Realtor with Berkshire Hathaway HomeServices Verani Realty.
“We have hundreds of clean lakes with 360 degrees of spectacular scenery. Owners love to watch the loons, fish off the dock, kayak and waterski, and lazily soak in the clear, fresh water warmed by the sun,” she says. Coastal properties in New England feature properties with rocky ledges, crashing waves, and beaches that can be strolled for miles and miles.
With regard to how the market is faring, lower-than-average inventories are leaving very few properties for sale at a time. Prices of waterfront properties range from $1 million to $25 million, with buyers privy to direct access to the water, spacious frontage, and plenty of room for a watercraft, Smith says. She enjoys her daily life in the area, and wishes to share the elegance with new buyers. “I love spending time in Cape Elizabeth,” she says. “If I can be on a boat (or a hammock), and smell fresh air next to a body of water, I’m happy.”
Coronado, San Diego, California
The California oceanfront is star-studded with luxury at every turn. Coronado, San Diego is absolutely no exception. Broker Associate Scott Aurich of Pacific Sotheby’s International Realty has lived in 17 different houses throughout the town and loved every second of it. To get away from it all, Aurich enjoys his early mornings more than anything else; he spends it surfing in tranquil waters, golfing through immaculate links, or entranced by friendly creatures at the stables. He stressed that Coronado camaraderie cannot be replicated anywhere else he’s seen.
Whether it’s the unique amenities the town has to offer, the community center with a gym, or the iconic $34 million Crown Manor estate he is representing, Coronado is truly special. But his favorite piece of home, he says, is the people. “The best thing is the people; it’s hard to describe,” Aurich mentioned. He finds that the kindness of his neighbors is where he feels the most pride. It’s not just Aurich that has noticed the grandeur; the temperature of real estate in Coronado is booming, to say the least. The demand is so high that at press time, only 54 houses were for sale. “The market is white hot,” Aurich said, explaining that the value of homes has gone up exponentially in the last 20 years.
Egg Harbor, Wisconsin
Door County, Wisconsin, is a gorgeous peninsula with 250 miles of coastline — it’s surrounded by the waters of Lake Michigan on the eastern side, and Green Bay on the western side. For weekenders or vacationers, the area boasts incredible opportunities for sailing, water sports, fishing, boutiques, restaurants and quaint villages that dot the shoreline, explains Jamie Sanger, a managing broker with Coldwell Banker Realty.
The county of Door has fantastic experiences in the arts, theater, and golf courses, but most of all, it is best known for its natural scenic beauty, she tells Unique Homes. With even multimillion-dollar homes and estates selling like hotcakes, any inventory that is available is selling for well over asking price. Sanger feels that her area and the lifestyles awaiting there are in particularly high demand: “I feel the pandemic has fueled our market, in that folks want to be able to ‘get away’ from the urban areas to enjoy a more peaceful, private, and healthy lifestyle,” she continues. This is what she sees in her own hometown as well, Ellison Bay, which she says has stayed tranquil and untouched by development in recent years.
Over in Sarasota, Candy Swick, president and broker at Candy Swick & Company, is dazzled by the diversity of people she meets every single day. “One minute you are having a conversation with an astronaut, a rocket scientist, an author, or an international ballet virtuoso from Russia,” she says.
Swick describes the water in Sarasota as “Carribean blue,” alongside a breeze that drifts in soft and cooling. Residents can enjoy multitudes of water sports, a world-class ice skating rink where Olympic figure skaters have trained, and ballet and opera performances.
As for the price tag, luxury homes are running from $2 million to
$20 million. Houses are frequently selling the day they enter the market, at list price or often in a situation with multiple offers. A typical bayfront home in Sarasota starts at $2.5 million, where buyers can view the magic, nightlife, and restaurants outlining the entire city. “We know that if an individual desired to enjoy a new restaurant for lunch and another for dinner, it would take more than a year to explore them all,” Swick said.
Fort Lauderdale, Florida
“Think of a place that has beautiful beaches, with crystal-clear water and clean, silky-smooth sand; a place that is known as the yacht capital of the world, with spectacular vessels cruising in daily through the port,” says Shai Mashiach, a Coldwell Banker Realty agent, in painting a picture of his beloved home.
He notes that in the bustling housing market, several waterfront neighborhoods in Fort Lauderdale are in high demand; particularly Las Olas and Harbor Beach, where prices start in the millions. Mashiach noted the convenience of the area as well; it’s only a one-hour boat ride to the Bahamas, a 30-minute drive south to Miami or north to Palm Beach, and one hour to the Florida Keys. “It’s a place that has the best restaurants, great nightlife, and magnificent people from around the globe,” he continued.
As far as his personal favorite to-dos, Mashiach and his family enjoy quality time on the water, fishing, or docking at a favorite restaurant on the Intracoastal for a spectacular meal. “From yoga on the beach to amazing deep-water fishing, Fort Lauderdale has a wonderful ambiance and everything you need to enjoy life,” he says.
Cozumel, Mexico is known as one of the top scuba diving destinations in the world. A hundred-plus feet of visibility in the pristine, cobalt water is perfect for a deep dive, whether you’re a novice or expert. “The clarity of the water is just extraordinary,” says Cindy Case, a Realtor with Douglas Elliman. The island takes pride in differentiating itself from the mainland; as opposed to cities like Cancun, Cozumel boasts a private, more intimate community.
“It’s a unique, small island with a very relaxed vibe,” Case says. Yet, this does not eliminate the availability of ample restaurants, shopping, and hospital care. There are many properties available for sale along the water, and well-priced at that. Case notes the affordability of property on such a prime Caribbean island. When recalling her favorites, Case enjoys beach hopping along the backside of the island; she treasures the chain of beautiful, wide, white-sand beaches with restaurants and bars.
Picture year-round warm weather and sunshine, vast cultural diversity and delicacies, and a fabulous cosmopolitan lifestyle when thinking of residential life in Honolulu, Hawaii, says Tracy Allen of Coldwell Banker Realty.
“Breathtaking hikes along the Ko’olau mountain ranges and scenic coastal trails offer incredible vistas second to none. Visitors and residents love the vast cultural foods found in Hawaii, and come to the island to enjoy many different dining experiences,” Allen describes.
For purchases on the water, prices start at around $6 million, and can range from $8 million to $20 million as well. Allen says that waterfront homes in the area have generally been built within the last 10 years, and include modern touches such as lighter wood tones, smart technology, gyms, home offices, and large, professional kitchens.
Surfing, paddle boarding, kite surfing, jet skiing, and canoe paddling are just a few activities keeping residents entertained. Allen wants buyers to know: if you’re looking for a diverse experience, Hawaii is for you. And when asked her perfect way to spend a day, her answer is simple; “The beach! You can never go wrong with our turquoise crystal-clear waters!”
In another part of the islands, luxury on Kaua’i translates to “soulful” according to Hawaii Life broker Neal Norman. It is that very soul and heart that keeps residents smiling in the sunshine, just as Norman found himself when he moved in 25 years ago.
“We’re seeing purposeful buyers who want to live the lifestyle: that luxury, soulful living that Kaua’i provides,” Norman says. In the North Shore region where he is located, buyers and sellers are connected on the ocean view at a variety of prices, ranging from $3 million to $50 million. Dream homes are purchased on the daily in this blue-sky paradise, where residents can spend quality time with loved ones and friends.
Offering numerous outdoor endeavors, hiking, surfing, sailing, snorkeling, swimming, beach combing and biking are just a few of the fantastic opportunities in Kaua’i. “Buyers are finding solitude and serenity on this little island in the Pacific Sea,” Norman says. “Kaua’i is a rare and special place.”
In today’s unusual market, buyers and sellers benefit from luxury agents with international connections.
When Eugenia Foxworth tells you about the FIABCI network, one thing is immediately clear: it works.
FIABCI-USA is the U.S. chapter of the International Real Estate Federation, formed in France in 1951 (the acronym stands for Fédération Internationale des Administrateurs de Biens Conseils et Agents Immobiliers). To say that it’s been a key part of Foxworth’s business from the beginning would be an understatement.
Soon after obtaining her license in New York City in 2000, Foxworth started attending FIABCI events in the region. “As a matter of fact, one of the people responsible for my joining FIABCI was Christina Lodar, who was my Unique Homes sales associate. She asked me what did I want to accomplish in real estate? I told her that I wanted to grow my business. She told me about FIABCI and the opportunities that they offered. At that time, you needed to be sponsored. She was a FIABCI member also, and she sponsored me.”
The connections proved to be the business building blocks Foxworth needed.
Above photo: Rome – istockphoto.com / e55evu
Cover photo: London – istockphoto.com / sborisov
“FIABCI is an organization that works. As a new agent, I was amazed at all of the tools and advantages that they offered. The referral network, our sponsors, academics, our own listings on the FIABCI-USA and FIABCI-ORG website, publications with websites just geared to the luxury properties, et cetera — it was amazing. We referred clients and friends to each other. A lot of my business came from FIABCI members my first few years.”
Foxworth, who is the FIABCI-USA president-elect, isn’t the only one extolling FIABCI’s virtues. Christian Ross of Engel & Völkers Atlanta is the president of the FIABCI Southeast Council. She explains how the network has given her greater insights into markets all over the world, how she’s gained knowledge for marketing campaigns and global developments, and connected clients to potential investments.
“For sellers, marketing to the international buyer and curating a marketing plan that targets and attracts a buyer from across the globe is essential. With that is also the knowledge of how to maximize currency exchanges, understanding the challenges of moving funds from certain countries and the geopolitical news that may affect all of those concerns,” Ross says. “For buyers, discovering and understanding how to connect them with opportunities they are exploring for international investments, as well as consulting with them to understand all aspects of their competition in the marketplace, helps them put their best foot forward.”
Hugh Gilliam, the director of International Real Estate at RealtyHive in Atlanta, is the current FIABCI-USA president. In almost 10 years, he’s gained dozens of listings through the network. When asked where he sees FIABCI going, he says the potential is unlimited.
“Our community comprises over 40 professions, including architects, brokers, developers, investors, financial institutions, and the list goes on,” Gilliam says. “In addition to expanding membership within these professions, we are adding new countries to the organization annually. This makes it very clear that the sky is the limit over the next decade.”
And Foxworth describes how even the pandemic has not impacted FIABCI’s effectiveness. “We have had many challenges throughout and we overcame the challenges,” she says. “Even at this time with COVID-19, we are continuing to do business globally. The Internet has allowed our members to work together very efficiently. The Zoom seminars and presentations are taking us to another level of selling luxury real estate, and we have several success stories.”
Victoria, British Columbia’s Capital City, is located on the beautiful Vancouver Island in Canada. From the minute your plane touches down, your lungs will expand and relish healthy, fresh, ocean-circulated air.
Here you can enjoy boating, beaches, world-class shopping and a super natural environment.
Looking to settle down in Victoria?
Check out this Unique listing!
Victoria boasts a spectacular setting of ocean and mountain vistas and offers numerous economic, cultural and recreational opportunities.
Victoria has the mildest climate in Canada and with greenery in evidence throughout the year there is little wonder that it’s called the City of Gardens!
The Inner Harbour is the heart of Victoria and for many boaters is the gateway to the City of Gardens. Bordering the harbour are the ivy-covered Fairmont Empress hotel, the world-renowned Royal British Columbia Museum and the magnificent BC Parliament Buildings.
UPLANDS ESTATES in Oak Bay | Victoria, British Columbia
Privately nestled at the end of a quiet cul-de-sac, away from all drive-through traffic, this rare artisan creation awaits. 9,878 square feet of interior luxury living. 1,745 square feet of exquisite patio entertaining areas including a full outdoor kitchen and gas fire pit. All with .71 acres of surrounding, ever-changing flowering gardens and trees highlighted by a meandering river and waterfalls. This is the first time this property has been offered for sale since completion in 2012. Visit the website for Floor Plans, Video, 3D Renderings & 100+ Photos. $6,995,000
W. Terry Potts
Country Club Properties
183 West Main Street, Highlands, NC 28741 | 828.526.2520 | Fax: 828.526.2470
Country Club Properties is a fully independent real estate brokerage firm serving the country club market in the Highlands-Cashiers area. Completely independent from any developers, speculators or sales programs, Country Club Properties offers an untethered relationship. Area country clubs include Highlands, Wildcat Cliffs, Old Edwards Club, Mountaintop Club, Trillium Links Club, Cullasaja Club and Highlands Falls. Whether your interest is buying or selling real estate in the Highlands area, give Country Club Properties a call.
Featured Property: High Farm, NC
This highly unique property consists of over 90 acres of rolling land, flanked partially on one side by USFS land. The property has about 27 acres of open pasture with the additional acreage being wooded with streams and flanks the Chatooga River on a stretch of whitewater, waterfalls and swimming holes. $4,500,000 MLS #91498
Berkshire Hathaway HomeServices California Properties
111 Corporate Dr., Suite. 210, Ladera Ranch, CA 92694
Phone: 949-307-4040 | firstname.lastname@example.org | www.marianncordova.agent.bhhscalifornia.com
Mariann is a multi-award-winning Realtor and marketing expert with Berkshire Hathaway HomeServices California Properties. Her goal always has been successful marketing of residential properties, employing professional ethics, sound planning, persuasive skills and a strong support system. With a Bachelor of Arts from the University of California and a certificate of interior design from the Los Angeles Design Center, Mariann carries years of in-depth real estate and current market knowledge. Her fluency in English and Swedish and working knowledge of Norwegian, Danish and German are valuable assets in assisting international clients and those looking to relocate.
Featured Property: 23111 Maravilla Lane, Coto de Caza
Stunning Georgian Equestrian Estate on 3.7 Acres
RE/MAX Kauai Living 2253 Poipu Road Koloa, HI 96756
email@example.com | www.YvonneSummerfield.com
As Kauai’s top selling Realtor (most sold transactions), I am uniquely qualified to help you with your real estate needs on one of the most beautiful islands in the world. It is my privilege and goal to be of service to you, providing exceptional representation, with the highest levels of integrity and discretion. Homeowners have entrusted me to represent them in over half a billion dollars in real estate transactions. Whether buying or selling Kauai real estate, I am here to help you. Contact me today to take a virtual tour of this wonderful Kukuiula property.
5615 Holo Malanai Street, Koloa, HI
Luxury meets your lifestyle in this gem of a custom-built home with spectacular views! You will find wonderful ocean, mountain, sunset and golf course views from nearly every room. Built in 2013, it is situated within the private club community of Kukuiula on Kauai’s sunny south shore in Poipu Beach. “With the open floor plan living, this strikingly well-balanced home is as gracious as it is good looking,” says listing agent Yvonne Summerfield of RE/MAX Kauai Living. Complete with 3 bedrooms, 3.5 baths in the main home, and a detached 1-bedroom 1-bath guesthouse. Energy efficient with photovoltaic panels. Swimming pool and barbecue grill. 3,595 square feet of indoor-outdoor living space, including covered lanais. Price Upon Request.
View virtual tour at: LuxuryKukuiulaLiving.com
4 Bedrooms / 4.5 Baths / 19,142- square-foot lot