Sotheby's Realty Blog

Luxury Real Estate Headlines: Last Week in May 2017

May 26, 2017

Highlights from this week’s top news stories on luxury and global real estate, art, collectibles and home.

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Price Upon Request | Brisbane, Queensland, Australia | Queensland Sotheby’s International Realty

“In line with its Edwardian lineage, Ruhamah has extensive period features, including high pressed-metal ceilings, extravagant chandeliers, classic timber French doors and windows, and polished hardwood floors.”

An Edwardian Gem in Queensland – Mansion Global

Houses of Worship Converted to Homes – Wall Street Journal

Six Homes with Stunning Contemporary Architecture – Financial Times

Sotheby’s International Realty Brand Expands Presence in New Jersey – Sotheby’s International Realty

Is This the Most Beautiful Home on the Market in New Zealand? – Robb Report

A Mid-Century Modern Classic Tucked Away in Sausalito, California – Mansion Global

Five Properties with Designer Gardens – Financial Times

Sotheby’s International Realty Brand Expands Presence in Greece – Sotheby’s International Realty

A Sprawling Montana Estate on the Market for the First Time in Over 70 Years – Mansion Global

A Reborn Classic in Rittenhouse for $3.69 Million – Philadelphia Magazine

Sacramento is California’s Newest Real Estate Hot Spot – Wall Street Journal

Miraflores: Lima’s ‘It’ Neighborhood Thanks to Myriad Amenities – and a Beach, Too – Mansion Global

Spain’s Sotogrande: €50M Investment Heralds New Dawn for Resort – Financial Times

Choosing the Right Second-Home Market to Invest In – Mansion Global

10 Ultimate Waterfront Homes We’re Coveting Now – Elle Decor

Sotheby’s Sells Tamayo’s ‘Bird Charmer’ for $4.3M in NY – US News & World Report

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New Development Spotlight | Museum Tower in Dallas, Texas

May 25, 2017

Showcasing the height of new luxury construction in some of the world’s most sought after locations, let’s explore an exclusive new development from our worldwide network.

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Museum Tower is a luxury condo located in the center of Dallas. Surrounded by the finest art, fashion, performances, gourmet fare and entertainment, you have all the city has to offer in walking distance from your home.

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Reaching 42 stories into the sky, each level offers a unique view and an extraordinary high rise living experience.  At Museum Tower, exceptional service is what our residents experience every day. Transportation, event assistance, grocery stocking, dog walking, guest suites are just a few of the unique services.

Discover Luxury Developments from Around the World

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Museum Tower offers floor-to-ceiling windows with amazing vistas. Each luxury high rise condo features elegant hardwood floors, stone counters, refined finishes and gourmet kitchens incorporating Miele appliances and Dornbracht fixtures.

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With a selection of schemes, floor plans, kitchen designs and bathroom finishes, you have the opportunity to find the right home for you. The interiors of the dramatic one-, two-, and three-bedroom homes are enhanced by the design direction of Booziotis & Company Architects. The direct access elevators conveniently only stop at your front door, and the attentive tower staff is on duty 24/7.

$16,500,000 USD | Penthouse 42, Museum Tower – Dallas, Texas | Briggs Freeman Sotheby’s International Realty

With 8,449 square-feet of interior living, a 907-square-foot terrace and potential for 5,600 square-feet on the rooftop, Penthouse 42 welcomes a vision as breathtaking as its panoramic views. Atop Dallas’ highest and most prestigious residence, this Edition of One offers limitless opportunity for a life bounded only by the imagination.

Explore more of the Museum Tower on sothebysrealty.com

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Sotheby’s International Realty Brand Expands Presence in Greece

May 25, 2017

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€1.950.000 EUR | Rhodes, Southern Aegean, Greece | Rhodes Sotheby’s International Realty

Sotheby’s International Realty Affiliates LLC today announced it has signed a long-term franchise agreement with Greece One Realty Limited to further expand the Sotheby’s International Realty® brand presence in Greece and with Rodon Realty P.C. for the opening of Rhodes Sotheby’s International Realty in Rhodes.

Greece Sotheby’s International Realty is led by seasoned real estate professionals Savvas Savvaidis, president and chief executive officer, and Natalie Leontaraki, chief operations officer. Savvaidis also serves as the chief executive officer of Rhodes Sotheby’s International Realty. With a flagship office in the historic capital city of Athens, Greece Sotheby’s International Realty will continue to serve the luxury residential real estate market throughout the country and in key areas including Mykonos, Crete and Corfu, while Rhodes Sotheby’s International Realty will focus on the unique market in Rhodes, the largest of the Dodecanese islands of Greece.

“Greece and its islands are emerging as an attractive luxury real estate market in the Mediterranean,” said Philip White, president and chief executive officer of Sotheby’s International Realty Affiliates LLC. “Rhodes is one of the most popular tourist destinations in Greece known for its rich history, beaches and 300 days of sunshine, and we are proud to have Savvas Savvaidis at the helm of this expansion within the country.”

“The luxury real estate sector in Greece has a promising future,” says Savvaidis. “Greece’s luxury tourism market is expanding rapidly while state-of-the-art golf resorts and branded mixed-use developments are creating a strong luxury footprint in the Mediterranean. Being a part of the Sotheby’s International Realty brand allows us access to unparalleled marketing platforms for these high-end developments, an excellent recipe for a successful business operation.”

The Sotheby’s International Realty network currently has more than 20,000 affiliated independent sales associates located in approximately 880 offices in 69 countries and territories worldwide. In 2016, the brand achieved a record global sales volume of $95 billion USD. Greece Sotheby’s International Realty and Rhodes Sotheby’s International Realty listings will be marketed on the sothebysrealty.com global website. In addition to the referral opportunities and widened exposure generated from this source, the firm’s brokers and clients will benefit from an association with the Sotheby’s auction house and worldwide Sotheby’s International Realty marketing programs. Each office is independently owned and operated.

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Video of the Week: Majestic Waterfront Estate in Argolida, Greece

May 24, 2017

Price Upon Request | Argolida, Greece | Greece Sotheby’s International Realty

Surrounded by a pinewood forest of about five acres and enjoying private access to the sea with three private beaches, this extraordinary estate stands proudly overlooking the pristine Saronic Sea. Exclusive and private, take sail with your yacht from the shores, or simply sit back and relax in one of the seven outdoor living areas this home has to offer, all enjoying the most exquisite sunsets.

Discover luxury home tours around the world

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Property Lifestyles | Global Affluence: The Emerging Luxury Consumer

May 23, 2017

This week, we continue exploring the findings unveiled in the “Global Affluence: The Emerging Luxury Consumer” report.  When it comes to purchasing a home, emerging luxury consumers are particularly interested in pursuing certain property lifestyles including waterfront, metropolitan and historic.  Discover trending locations for these popular property lifestyles, based on data compiled from sothebysrealty.com.

Waterfront

The waterfront location with the highest year-over-year increase in search is New Hampshire.

New Hampshire

$2,649,000 USD | Moultonborough, New Hampshire | Four Seasons Sotheby’s International Realty

Waterfront properties available in New Hampshire include this custom-built estate on Lake Winnipesaukee.  The home includes 7,500 square-feet of living space, a 1,000-square-foot carriage house ideal for guests, 200 feet of shoreline and a deep-water U-shaped docking system.

Europe has also seen an increase in searches for the waterfront lifestyle, with three trending locations being the United Kingdom, Italy, and Germany.

Waterfront lifestyle destinations that have maintained a trending position year-over-year include Turks & Caicos, Australia, and Malibu, California.

Metropolitan

The metropolitan location with the highest year-over-year increase in search is Denver, Colorado.

Denver

$2,299,000 USD | Denver, Colorado | LIV Sotheby’s International Realty

Metropolitan properties available in Denver include this townhouse in the exclusive Riverfront Brownstones development.  Located in Downtown Denver, the residence spans over 4,000 square-feet and features floor-to-ceiling windows, master suite with a private balcony, plenty of outdoor living space and an attached three-car garage.

Additional trending metropolitan locations around the world include Boston, Massachusetts; Tokyo, Japan; Portland, Oregon; and Vancouver, British Columbia, Canada.

New York City is consistently one of the most popular metropolitan searches with trending neighborhoods including SoHo and the Upper East Side.

Historic

 The location for historic homes with the highest year-over-year increase in search is the Hudson Valley region of New York State.

Hudson Valley

$1,775,000 USD | Grandview, New York | Ellis Sotheby’s International Realty

Historic homes available in the Hudson Valley region of New York include this 19th-century cobblestone, craftsman-style estate.  Known as “Willow Knoll,” the home was built in 1891 by Joseph Ellicott, the inventor of the air brake and first commodore of the Tappan Zee Yacht Club.

Additional trending historic home locations around the world include New Orleans, Louisiana; Venice, Italy; India; Atlanta, Georgia; and Portugal.

For more information on the confidence of emerging luxury consumers, download the complete “Global Affluence: The Emerging Luxury Consumer” report by clicking here.

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Sotheby’s International Realty Brand Expands Presence in New Jersey

May 23, 2017

Tim Kerr Sotheby’s International Realty to Serve Luxury Residential Real Estate Market  in Avalon and Stone Harbor, New Jersey

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Sotheby’s International Realty Affiliates LLC today announced that Tim Kerr’s Powerplay Realty in Avalon, New Jersey, is the newest member of its network and will now do business as Tim Kerr Sotheby’s International Realty.

Founded in 1992, the boutique firm is led by Owner Tim Kerr and Broker Ryan Vince. Tim Kerr Sotheby’s International Realty will serve the luxury residential real estate market in Avalon and Stone Harbor, New Jersey, along the shore community of Seven Mile Island.

“Tim Kerr and his team are homegrown professionals who are deeply knowledgeable about the local real estate market and have a proven track record of success,” said Philip White, president and chief executive officer of Sotheby’s International Realty Affiliates LLC.  “Seven Mile Island is a charming beach community with an attractive luxury residential real estate market.  It is a dynamic area known for its family-friendly atmosphere, beach and water sports, restaurants, and exclusive shopping.  We are proud to welcome Tim Kerr Sotheby’s International Realty to our global network,”

“This community is not just where we do business, it is our home,” said Kerr.  “We are dedicated to providing personal service and building relationships to assure client satisfaction. The Sotheby’s International Realty® brand is the perfect complement to the unique and prestigious market of Seven Mile Island. Moreover, affiliating with the brand lends us a credibility and provides us with the tools and global connections to further grow our company.  We are thrilled to be representing the Sotheby’s International Realty brand in our local market.”

Tim Kerr Sotheby’s International Realty is located at 2821 Dune Drive in Avalon.  With this addition, the Sotheby’s International Realty network now has 41 branded offices throughout the state, giving the brand a significant presence in luxury residential real estate markets along the Jersey shoreline, from Rumson to Cape May, as well as major feeder markets to the shore.

The Sotheby’s International Realty network currently has more than 20,000 affiliated independent sales associates located in approximately 880 offices in 69 countries and territories worldwide.  In 2016, the brand achieved a record global sales volume of $95 billion USD.  Tim Kerr Sotheby’s International Realty listings will be marketed on the sothebysrealty.com global website.  In addition to the referral opportunities and widened exposure generated from this source, the firm’s brokers and clients will benefit from an association with the Sotheby’s auction house and worldwide Sotheby’s International Realty marketing programs.  Each office is independently owned and operated.

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Art & Home | Royal Welcome

May 22, 2017

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From April’s volume of Art & HomeIyna Bort Caruso takes us into the royal world of castles.

In the world of luxury real estate, perhaps no single category of residence rises to the level of fantasy than the castle.

Germany, England, Spain and most notably France are among the countries with high concentrations of historic manors, where bedrooms number in the dozens, square footage is measured in the tens of thousands and amenities include moats, lookout towers and turrets.

Scotland£6,000,000 GBP | Edinburgh, Scotland | United Kingdom Sotheby’s International Realty

The United States has its share of palatial counterparts, too, even if they don’t have 900-year-old masonry, says Elizabeth Corbin Murphy of Chambers, Murphy & Burge Historical Architecture in Akron, Ohio. “The estates of Newport, Rhode Island, are wonderful examples, but you can have a castle in any city depending on its culture and context. A structure of character that is reflective of the society that builds it and the craftspeople who contribute to it–that’s a castle.” Her firm’s landmark restoration projects have included the Edsel and Eleanor Ford House, now a museum in Grosse Point Shores, Michigan, and Thomas Jefferson’s privy at Monticello in Virginia.

Turns out it can be surprisingly attainable to be king–or queen–of one’s castle. While fully restored palaces close to major centers like Paris, Geneva or London can exceed $30 million, others are on a par with two-bedroom apartments in those same cities, says Alexander V. G. Kraft, chairman of Sotheby’s International Realty France and author of “Living in Luxury” (Thames & Hudson, NY). “Prices can start at or even below $700,000 for smaller castles in rural locations in need of some updating.”

Rhode Island$17,500,000 USD | Newport, Rhode Island | Gustave White Sotheby’s International Realty

In areas with low labor costs, a ready pool of artisans and local tax incentives, ownership is even more attractive. Still, a castle is less an investment to round out a portfolio than a passion project.

“From a practical standpoint, a castle’s solid stone construction and centuries of modifications can make such ordinary tasks as re-plumbing or re-wiring extremely challenging,” Kraft says. Owning a castle takes “deep pockets and patience,” he adds.  And it also takes someone who approaches restoration with respect and balance.

FrancePrice Upon Request | Uzes, France | Uzes Sotheby’s International Realty

“There’s nothing wrong with making a castle your home,” says Murphy. “Everyone has to feel like it’s their own and not the ghosts who went before. But being able to soak up the legacy of the families who invested in the property and the craftsmen who built it is the reward and responsibility of ownership.”

Germany6.400.000 € EUR | North Rhine-Westphalia, Germany | Cologne Sotheby’s International Realty

Kraft agrees–he knows the rewards first-hand. He owns a restored 19th century hunting château in Provence. “One gets to live in an unusual, beautiful environment and become the guardian of a piece of history,” he says. “How many people can say that, even amongst the world’s elite?”

See homes from around the world in previous editions of Art & Home

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Luxury Real Estate Headlines: Third Week in May 2017

May 19, 2017
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Highlights from this week’s top news stories on luxury and global real estate, art, collectibles and home.

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$6,850,000 USD | Santa Rosa Beach, Florida | Scenic Sotheby’s International Realty

“And now this Santa Rosa Beach home, designed by Houston-based architect Scott Ballard and decorated by Houston-based interior designer Cathy Chapman, is on the market. The curb appeal of this white stucco home is irresistible, but on the other side of its sloped rooflines and curving walls is an unbeatable Gulf view—probably the house’s greatest selling point.”

This Incredible Home Once Graced the Cover of Coastal Living, and Now It’s on the Market – Coastal Living

Island Homes from Maui to Nantucket – Wall Street Journal

This Sanit-Tropez Estate is Worthy of  a Bond Villain – Robb Report

Sotheby’s International Realty Brand Enters Wisconsin – Sotheby’s International Realty

Tropical Modern: A Seductive Spin on Island-Style Homes – Wall Street Journal

The Most Grandiose French Fortresses on the Market – Gafencu

Connecticut’s Gold Coast Bounces Back after Hurricane Sandy – Financial Times

House Hunting in… Como, Italy – The New York Times

San Juan Islands: The Hottest Luxury-Home Market in the Country – Wall Street Journal

The Coolest Eco-Friendly Homes on the Market Right Now – Elle Decor

Realogy Calls on Tech Start-ups to Demonstrate Their Real Estate Business Solutions at Live Competition – Realogy

$110 Million Basquiat Sold by Family Who Bought it for $19,000 – Bloomberg

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Significant Sales | Farm & Ranch 2016

May 18, 2017
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Like a timeless work of art, farm and ranch properties are often iconic trophy and legacy investments meant to be passed down through generations. In this special volume of Significant Saleswe present the most remarkable Farm & Ranch properties that changed hands through our network in 2015.

01-Briggs FreemanPrice Undisclosed | Briggs Freeman Sotheby’s International Realty | Texas, USA

The largest sale in the history of the Sotheby’s International Realty® brand, The W.T. Waggoner Ranch is one of the largest and most famous ranches in the United States and was established in 1849. Never before o ered for sale in 165 years of ownership prior to this sale, the sprawling Ranch estate includes more than 535,000-contiguous acres spread over six North Texas counties, incorporating two main compounds, many homes and signi cant infra- structure, including a 65,000-square-foot Ranch o ce headquarters in nearby Vernon, Texas.

02-Healdsburg$15,250,000 USD | Healdsburg Sotheby’s International Realty | California, USA

This approximately 52-acre vineyard estate is set upon a sylvan, rolling hillside in a bucolic Russian River Valley location. An over 68,000-square-foot masterpiece built by Redhorse Constructors and designed by James G. Savroy Architects, the main home features a wine tasting room, wine cellar, separate master wing with study, two guest suites, exercise room, observation belvedere, koi pond, extensive decking and patios. In addition to the main home there is a historic farmhouse and caretaker’s cottage, pool, tennis court, gardens, and entertaining barn. Comprising three parcels with planted pinot noir and chardonnay vines, and Russian River beach frontage, this property represents true wine country living.

See homes featured homes in past editions of Significant Sales

05-LegacyPropertiesWest$11,000,000 USD | Legacy Properties West Sotheby’s International Realty | Colorado, USA

Arare offering featuring 975 acres of dramatic mountains and rolling meadows within a lush river valley less than 10 minutes from historic downtown Durango, this property enjoys nearly a mile of carefully restored Florida River frontage, along with six ponds that make for a true “fisherman’s paradise.” It’s called Elk Park Ranch due to the number of elk that call it home, establishing it as one of the best elk hunting ranches in the region.

06-Pacific$10,650,000 USD | Pacific Sotheby’s International Realty | California, USA

Set just five miles from the beaches of Del Mar within the Covenant of Rancho Santa Fe, one of America’s most desirable communities, Hacienda de las Palmas offers nearly six private acres of understated Southern California luxury. A Monterey Spanish-style main residence designed in an array of sophisticated architectural details overlooks a mosaic glass-tiled pool, while multiple guest homes, including a hidden tree house, dot the estate’s lush acreage. Impressive equestrian facilities and specimen-quality botanical gardens add to the resort-like setting, ideal for creating memories with family and friends for years to come.

10-Carmel Rancho Brokerage$9,750,000 USD | Sotheby’s International Realty – Carmel Rancho Brokerage | California, USA

This premier country residence is nestled in a picturesque valley in the Aptos Hills. Situated on approximately 80 pristine acres, this slice of paradise is a truly world-class equestrian ranch estate.

Explore all of Significant Sales | Farm & Ranch 2016

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Video of the Week: Elegant Gated Equestrian Estate in Milton, Georgia

May 17, 2017
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$2,625,000 USD | Milton, Georgia | Atlanta Fine Homes Sotheby’s International Realty

Introducing this elegant and tranquil gated equestrian estate located in the heart of Milton. This beautifully renovated house by T-Olive Properties boasts a well thought out professional kitchen with an easy work flow ready for any chef, including a beverage center. The great room and dining room areas are also open, with a spectacular beamed cathedral ceiling that leads to the outdoor living space, perfect for entertaining. As you move outside to the expansive deck made of Ipe wood overlooking the pool, fire pit for ten, and lake area, you will be captivated by the sheer beauty and serenity of the property.

Discover luxury home tours around the world

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