A selection of gorgeous penthouse units on the market allow for home seekers to find a sky-high residence all their own. From the Italian countryside to the sandy beaches of Hawaii, here are a variety of penthouses across the globe, all with elevated aesthetic sensibilities and access to world-class amenities.
Castello di Casole, Bargagli Penthouse
Overlooking the hilltop town of Casole d’Elsa, the 3,350 square foot residence is perfectly situated within Castello di Casole, a historic castle in Tuscany, Italy that dates back to the 10th century. It is the ultimate in estate living encompassing three bedrooms, spacious private terrace, full kitchen and fireplace. Owners can enjoy a dedicated concierge, governate and private chefs as well as ensuite dining and spa services.
Photo courtesy of Casali di Casole.
Photo courtesy of Ascent South Lake Union.
Ascent South Lake Union, Penthouse C08
Developed by Greystar, this nautical-inspired two-bedroom, two-bathroom penthouse stands high within Ascent South Lake Union, a 25-story luxury apartment tower newly opened in Seattle’s up-and-coming neighborhood. Ascent South Lake Union offers penthouse residents prime access to the adjacent Amazon headquarters across the street, unparalleled views of the Downtown skyline, Lake Union and the Space Needle, and a host of smart home technology. Penthouse residents have access to The Observatory, a rooftop lounge and open-air deck, as well as an organic green roof, a rooftop spa, indoor entertainment kitchen, a pet spa, life-size Scrabble board and state-of-the-art fitness center. View the floor plan here.
Timbers Kauai, The Kaiholo Penthouse 3202
As the pinnacle of luxury at the newest resort and on the lush island of Kauai, the three-bedroom and three-and-a-half bathroom Kaiholo penthouse offers spacious living with cliffside views of the 18-hole Ocean Course at Hokuala, Hau’pu Mountain Range and Nawiliwili Bay. As the largest residence at Timbers Kauai, the penthouse spans 5,239 square feet with a 1,795 square foot private lanai and features include Sapele hardwood floors, natural stone vanities and custom cabinetry, and beautifully appointed kitchens with Thermador Masterpiece appliances and an integrated wine cooler.
Photo courtesy of Timbers Kauai.
Every year we select locations to highlight as Markets to Watch. This year change is underway and we take a look at some top performers, others that are beginning to transition, and a handful of under-the-radar locations that are emerging.
On track for another record with sales up more than 3 percent, Austin’s luxury patina shines ever brighter. In October, the medium home value in Barton Creek increased to $1.02 million, making it the city’s first million-dollar neighborhood. Austin’s charms include no income tax to win over newcomers, but music and tech might be tops.
Bozeman might seem like a sleeper on this list, but with ranches, the Yellowstone Club and Big Sky country it’s an under-the-radar hangout for demi-billionaires and billionaires.
Brooklyn, New York
No longer second best! Buyers are making Brooklyn a first choice. Median prices in the most expensive neighborhoods hit the $1 million mark. Israelis, Chinese and Western Europeans also gravitate here. It’s no surprise this New York City borough is No. 2 on Urban Land Institute’s Markets to Watch.
By August, the Chicago area recorded as many luxury sales as in all of 2016 or 2017. Sales of $1 million-and-up properties set a record in the third quarter with a 19-percent increase over 2017. According to RE/MAX, luxury is booming in the west loop area. Upscale suburbs trail the city. Lots of new condos and stunning new buildings open doors to more urban opportunities in a market that hangs in the balance.
Few cities have charted a post-recession course as strong as Dallas and the city remains Urban Land Institute’s No. 1 location for overall real estate prospects in 2019. But the dramatic post-recession price increases are over, say economists. Moderating prices and adjusting inventories are positive indicators that that a move back to a normal market is underway.
Real estate’s Rocky Mountain high isn’t over yet. Denver continues to rank in the top group on many lists. In the upscale bracket, a shift toward balance is underway with the inventory of $1 million-plus homes at about seven months. Year-over-year prices are up on average 9.29 percent. Boulder remains a sweet spot for luxury, ranking 10th among cities and towns with at least 10 neighborhoods considered million-dollar.
Las Vegas, Nevada
Projections call for appreciation as high as 10 percent this year. Nevada was the fastest growing state, with new platinum communities; forward-looking, innovative architecture; and spectacular views capturing the attention of buyers looking for lifestyle and tax relief.
Hilton Head, South Carolina
Coastal South Carolina and Georgia are ground zero for demographic shifts and the growing ability among the affluent to live wherever they want — a trend just taking off. New developments including Palmetto Bluff add to demand for the Hilton Head region.
Moving toward balance. A long-awaited uptick in homes on the market is one of several hints of a market shift. Median prices reached a record high this fall, and homes still sell quickly. Still the inventory of homes for sale is one of the lowest in the country. Upper tier and move-up brackets are less competitive.
D.C. continues to be in the top group on watch lists but Amazon’s recent announcement makes real estate in Northern Virginia much more interesting. What the prospect portends for current homeowners is uncertain, but sure to make this a market to watch in 2019.
Park City, Utah
No longer just a ski hangout, this Salt Lake neighbor is luxury’s newest player. The most desirable neighborhoods see a shortfall of inventory. Land prices increased by 25 percent with the highest number of sales occurring at Promontory. Opportunities abound: new projects at The Canyons, a large expansion of Deer Valley, a $4 billion renovation of the Salt Lake airport and a bid for the 2030 Olympics.
Wikimedia Commons / Don Lavange
Beaches and skiing, does it get any better than that? Hipsters meet old money here. Ranked among the top 20 for entrepreneurs, the city has a growing tech industry and one of the best foodie scenes in the Northeast. Look for more new construction. Prices will continue to ease upward as more people discover this hidden gem.
Santa Barbara, California
Opportunities for buyers in many California locales continue to increase as markets shift. Median prices in Santa Barbara in November were down more than 25 percent, which is good news for buyers. The area remains a prized luxury refuge and lower prices open the door for newcomers to enjoy one of the most unique locations in the U.S.
The city’s iconic waterfront is being reimagined with a vision to increase cultural programming and urban amenities. Median prices have been increasing steadily, up 25 percent since 2014. New construction means more inventory with more on the horizon. Agents report steady and growing interest in individuals from high tax states.
Happier times are ahead for buyers in Seattle with active listings up by 41 percent. Even though inventories are still slim, it’s a good indication the frenzy is over. Closed sales in November were down 28 percent. Homes continue to appreciate but the increase has slowed to 5 percent. For buyers and sellers this is definitely a market to watch. The city still is in top groups in many rankings, but the frenzy is over.
Wikimedia Commons / Jeff Gunn
Canadian Baby Boomers and Millennials came together and turned up the heat on the luxury condos in 2018; single-family home sales decreased by as much as 44 percent. While the foreign buyers tax has reduced sales to overseas buyers, it’s also opening new opportunities for locals. Local buyers will continue to drive demand for condos here.
Luxury’s top performers in 2018. Not only are residences in demand, but new resorts are raising the bar for luxury and reinvigorating current markets. New developments in Turks and Caicos, including the ultra-indulgent Gansevoort Villas, turn up the heat on interest in the Caribbean. Easy reach from the U.S. and private enclaves generate new interest in the Bahamas. Cabo San Lucas, Mexico is seeing new resorts and other regions along the Sea of Cortez are seeing new development. Mandarina in Nyarit is the site of One & Only’s first collection of private homes. Owning a private island continues to be an ultimate purchase and the Bahamas is ground zero.
Austin Board of Realtors
Michael Saunders, Founder and CEO Michael Saunders & Company
Anthony Hitt, President and CEO, Engel & Völkers Americas
Aleksandra Scepanovic, Co-Founder and Managing Director of Ideal Properties Group
National Association of Realtors
Northwest Multiple Listing Service, Kirkland, Washington
This story originally appeared in the Winter 2019 issue of Unique Homes Magazine.
By Alyson Pitarre
A MODERN TECHNOLOGICAL WONDER ON SEATTLE’S PORTAGE BAY CAPTIVATES WITH AERODYNAMIC ARCHITECTURE AND AWE-INSPIRING SEASCAPES.
Rising from opposing wedges of glass and concrete, the monolithic steel structure of this Seattle lakefront architectural gives one the distinct feeling that it is reaching out to the view of Portage Bay and pulling it right into the home. The stunning effect — “a seascape pageantry,” as listing agent Wendy Lister of Coldwell Banker Bain in Seattle calls it — is by pure design.
“I wanted it to feel as though you were descending into the view, but also pulling the view in and enveloping the space,” reveals architect Dave Dykstra. “Great consideration was given to making sure the view became a grandelement of the home and the experience of living there.”
Dykstra fashioned the 4,468-square-foot residence around the elemental qualities of water, first by extending the house toward the bay and then by integrating the pool and spa into the overall design. Being careful not to disrupt the full-width-view frontage of the home’s main great room, he oriented the spa and sunlit pool— which won an award in 2009 — with expansive terracing along the side of the home. The resulting placement protects the pool against the wind and connects the water elements to the landscape, unfolding and cascading, one into the next…