Luxist http://www.luxist.com Luxist. http://www.blogsmithmedia.com/www.luxist.com/media/feedlogo.gif Luxist http://www.luxist.com prods@weblogsinc.com (Weblogs, Inc. Producers) support@weblogsinc.com (Weblogs, Inc. Web Support) en-us Copyright 2013 Weblogs, Inc. View our terms of service here: http://www.weblogsinc.com/feed-terms/ Blogsmith http://www.blogsmith.com/ <![CDATA[If Not Here, Then There? Get a Posh Address at a Discount]]> http://www.luxist.com/2008/04/07/if-not-here-then-there-get-a-posh-address-at-a-discount/ http://www.luxist.com/2008/04/07/if-not-here-then-there-get-a-posh-address-at-a-discount/ http://www.luxist.com/2008/04/07/if-not-here-then-there-get-a-posh-address-at-a-discount/#comments Ever wish you could buy a home in a place like Nantucket, Mass. or Palm Beach, Fla., but found it out of your range? Such posh locales come at premium prices. Many people decide to settle for less just to have a stakehold in a top address.

Or you could try another route: Find a neighborhood that is nearly as nice as the one you aspire to, but that comes at a discount.

Real estate research firm Neighborhood Scout, did a fascinating study that turned up great fodder for such a search. We used the findings to identify some great new estates of the day here at Luxist, which we will be featuring later this month, and AOL's real estate channel put together this photo gallery). Neighborhood Scout's founder Dr. Andrew Schiller and his team used their "match" feature to trove their database of neighborhood metrics to come up with locales that have many of the same attributes of the poshest places, but offer a steep discount in real estate values.

So, for example, if you want Nantucket, but can't afford it, try Southwest Harbor, Maine. Schiller finds both "quaint, sophisticated, nautical," but Southwest Harbor comes at an 83% discount to Nantucket. Want Malibu? Try Madison, Conn. instead. The median home price there is $650,000 vs. nearly $3 million in Malibu.

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If Not Here, Then There? Get a Posh Address at a Discount originally appeared on Luxist on Mon, 07 Apr 2008 18:00:00 EST. Please see our terms for use of feeds.

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]]> Amey Stone Mon, 07 Apr 2008 18:00:00 EST Luxist <![CDATA[The Most Expensive Zip Codes: A Smart Strategy for Real Estate Shopping]]> http://www.luxist.com/2008/03/25/the-most-expensive-zip-codes-a-smart-strategy-for-real-estate-s/ http://www.luxist.com/2008/03/25/the-most-expensive-zip-codes-a-smart-strategy-for-real-estate-s/ http://www.luxist.com/2008/03/25/the-most-expensive-zip-codes-a-smart-strategy-for-real-estate-s/#comments One of the unfair truths about the real estate market is that the most expensive neighborhoods are the ones that tend to rise the fastest when times are good -- and are also the ones that hold onto their value the best when times are bad.

So, even as prices plummet in places like Las Vegas and Orlando, FL, you will likely do better in the long run with your real estate dollar if you buy a home in an expensive neighborhood that is currently retaining its home price values.

To see just what you would pay for a home in one of America's most expensive neighborhood, Luxist asked NeighborhoodScout, a research firm with a huge database of neighborhood statistics, to provide a list of the most expensive neighborhoods around the country by zip code.

Dr. Andrew Schiller, a geographer and founder and president of NeighborhoodScout, did this research. His initial study found that many of the priciest zip codes are clustered within 30 miles of Los Angeles and Manhattan. "Around the biggest cities, there is a lot of demand and the greatest opportunities for people to make money," he explains. He notes these neighborhoods also tend to have great schools, wonderful views, nearby outdoor recreation and other amenities.

So as not to have our whole list made up of homes on either coast, we asked Schiller to include zip codes in all quadrants of the U.S. That explains why we include some of the most expensive zip codes in the Mid West, even though they are actually less expensive than quite a number of other zip codes found around the cities on either coast that we didn't include on our list. The result is a geographically diverse list of the 30 most expensive zip codes.

Luxist editor Deidre Woollard supplemented the research by identifying a property for sale and including it as the Estate of the Day.

If you are real estate shopping today and worried that prices could fall further across the country, buying in one of the most expensive zip codes in your region could be a smart strategy. "There is no doubt," says Schiller, "they do hold their value."

The Most Expensive Zip Codes: A Smart Strategy for Real Estate Shopping originally appeared on Luxist on Tue, 25 Mar 2008 08:05:00 EST. Please see our terms for use of feeds.

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]]> most expensive zip c...MostExpensiveZipC... Amey Stone Tue, 25 Mar 2008 08:05:00 EST Luxist <![CDATA[The World of Rare Stamps: Treskilling Yellow Is Most Valuable]]> http://www.luxist.com/2008/02/04/the-world-of-rare-stamps-treskilling-yellow-is-most-valuable/ http://www.luxist.com/2008/02/04/the-world-of-rare-stamps-treskilling-yellow-is-most-valuable/ http://www.luxist.com/2008/02/04/the-world-of-rare-stamps-treskilling-yellow-is-most-valuable/#comments

Want to know what the most expensive item in the world is by weight and volume? It's not a diamond or other rare gem. It's actually a piece of paper.

Wikipedia pegs it as the so-called Treskilling Yellow stamp from Sweden -- probably the only one of its kind. It has a current value of more than $2 million (or $87 billion per kilogram, according to the site).

Here's what makes it so valuable: Back in Sweden in 1855, when the currency was known as the skilling, the 3 skilling stamp ('treskilling') was printed in green. An 8 skilling stamp was printed in yellow. But due to a printing error, a few 3 skilling stamps were printed in yellow. No one knows how many.

Three years later, Sweden changed its currency and it wasn't until 1886 that a 14-year-old school boy discovered the stamp among his grandmother's possessions and sold it to a dealer for the then-lofty price of 7 kronor. The stamp traded hands several times over the next decade, fetching ever higher prices and inspiring collectors to search for more Treskilling Yellows. But no other was ever found.

By the 1990s the stamp price crossed $1 million for the first time and was setting records every time it changed hands. The last sale was in 1996 when it sold for 2,875,000 Swiss Francs ($2.6 million US) to collectors who remain anonymous. According to the book, The Treskilling Yellow, the stamp is insured for $15 million.

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The World of Rare Stamps: Treskilling Yellow Is Most Valuable originally appeared on Luxist on Mon, 04 Feb 2008 09:02:00 EST. Please see our terms for use of feeds.

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]]> collectingstampTreskilling Amey Stone Mon, 04 Feb 2008 09:02:00 EST Luxist <![CDATA[The World of Rare Baseball Cards: Honus Wagner Still Highest Priced]]> http://www.luxist.com/2008/02/03/the-world-of-rare-baseball-cards-honus-wagner-still-highest-pri/ http://www.luxist.com/2008/02/03/the-world-of-rare-baseball-cards-honus-wagner-still-highest-pri/ http://www.luxist.com/2008/02/03/the-world-of-rare-baseball-cards-honus-wagner-still-highest-pri/#comments Wikipedia still reports it as one of the seminal moments in the trading card collecting field: In February, 2007, a 'near mint-mint' Honus Wagner sold for $2.3 million. At that point it was probably the highest sale a baseball card in history.
Then, in September last year, the same card was sold again. This time it went for $2.8 million to a private collector.
The card in question, a T206 Honus Wagner, was made by the American Tobacco Company in 1909. There are estimated to be fewer than 100 in existence. This card was once owned by hockey great Wayne Gretzky and has been called the 'Mona Lisa of Baseball cards.' It may be so rare because Honus Wagner himself didn't want his image to be used to sell tobacco and stopped production of the his card, or at least that's part of the mythology surrounding the famous card.
Honus Wagner was a shortstop who played in the major leagues from 1897 to 1917. He was inducted into the Baseball Hall of Fame in 1936, receiving more votes than Babe Ruth. He is considered by many baseball historians to be the greatest shortstop of all time.

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The World of Rare Baseball Cards: Honus Wagner Still Highest Priced originally appeared on Luxist on Sun, 03 Feb 2008 15:00:00 EST. Please see our terms for use of feeds.

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]]> baseballHonus WagnerHonusWagnerRaresttrading cardsTradingCards Amey Stone Sun, 03 Feb 2008 15:00:00 EST Luxist <![CDATA[Thatch Cay U.S.V.I. Update]]> http://www.luxist.com/2006/02/13/thatch-cay-u-s-v-i-update/ http://www.luxist.com/2006/02/13/thatch-cay-u-s-v-i-update/ http://www.luxist.com/2006/02/13/thatch-cay-u-s-v-i-update/#comments Our readers are the most astute people out there. Apparently, my previous article was slightly inaccurate. Vladi Private islands is not an authorized agent selling my little paradise in the Virgin Islands. The island is still for sale, but at a small price increase and from only 3 official agents.. There is even a fantastic website promoting the island from one of the principals. Check it out and you should be totally convinced that you need this island.

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Thatch Cay U.S.V.I. Update originally appeared on Luxist on Mon, 13 Feb 2006 16:35:00 EST. Please see our terms for use of feeds.

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]]> islandsThatch CayThatchCayusvi Amey Stone Mon, 13 Feb 2006 16:35:00 EST Luxist <![CDATA[Thatch Cay U.S.V.I.]]> http://www.luxist.com/2006/02/06/thatch-cay-u-s-v-i/ http://www.luxist.com/2006/02/06/thatch-cay-u-s-v-i/ http://www.luxist.com/2006/02/06/thatch-cay-u-s-v-i/#comments While recently in the Virgin Islands, I came across a delightful piece of real estate just north of the island of St. Thomas. Thatch Cay is a 230 acre island between St. Thomas and St. John that is completely undeveloped and waiting for the right buyer to come and snatch her up. With 5 miles of shoreline and elevations up to 500ft, the island would make a lovely vacation getaway. Right now, there are no docks or landing areas on the island so, development would be entirely at your discretion. Personally, I envision a James Bond villain-type compound complete with shark tank and inept henchman.

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Thatch Cay U.S.V.I. originally appeared on Luxist on Mon, 06 Feb 2006 11:05:00 EST. Please see our terms for use of feeds.

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]]> islandsthatch cayThatchCayvirgin islandsVirginIslands Amey Stone Mon, 06 Feb 2006 11:05:00 EST Luxist