realestate

Another Twitter Home On The Market

Filed under: Estates

The Twitter guys are definitely on the move. Earlier this year, Biz Stone listed his Berkeley home for $575,000 and it sold quickly. Now Evan Williams has put his San Francisco penthouse on the market. One thing is for certain these guys like their nests contemporary. William has a two-bedroom loft in the Heublein Building. The sleek modern apartment is one of three penthouse units in the building and it has 11 foot ceilings. The home has a remodeled kitchen with a wine refrigerator and comes with a two-car garage. The interior has a bit of a rough look from exposed concrete and pipes. A private patio offers city views. Williams has listed his home for $1.498 million. Curbed SF says that he's building a modern home, designed by his wife which should be finished next year.

[via On The Block]

Gallery: Evan Williams In San Francisco

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Tags: celebrity real estate, CelebrityRealEstate, evan williams, EvanWilliams, real estate, RealEstate, san francisco, SanFrancisco, twitter

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Imperial Axis, Beijing's Mysterious New Condo Project

by Deidre Woollard (RSS feed) —

Filed under: Real Estate Developments

As China booms, Beijing's real estate market has followed and high-end real estate development projects are emerging. Imperial Axis is a luxury project planned for the downtown area. Billed as a "royal dwelling place of the world," is located opposite the Bell and Drum Tower and overlooks the Jing Mountain. It is said to offer 360-degree views of the surrounding area. There will be just 30 units with top-level appliances and finishes. Not too much is known about the property but the units may command some of the top prices in Beijing and are designed to appeal to an international clientele.

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Tags: beijing, china, condo project, CondoProject, imperial axis, ImperialAxis, real estate, RealEstate

The St. Regis Introduces Itself to Bal Harbour

by Jonathon Ramsey (RSS feed) —

Filed under: Luxury Travel & Hotels, Spas, Real Estate Developments

The third tower of The St. Regis Bal Harbour Resort is expected to be finished next February, and the resort will open its heavy glass doors to early adopters in 2011. Sitting on 1,000 square feet of sable blanc at the north end of Miami Beach, the three 27-story towers will house 511 rooms in various sizes and flavors of sumptuousness. The move south, like a snowbird from that biggest of apples, is intended to be a relocation of the New England grandeur that Colonel John Jacob Astor IV inaugurated when he opened the first St. Regis in NYC in 1904.

Think: mirrors. Lots of them. The Yabu Pushelberg interior scheme (from the firm that has lent a helping hand to Prada, Tiffany, the Mandarin Oriental, and so on) will naturally focus on textures and materials: Movingui hardwood walls, marble and travertine flooring, and etched plaster walls will abound upon entry. Guests and residents are no less looked after, with spa-like bathrooms, enclosed walk-in showers, and overflow soaking tubs. Granite makes its necessary appearance for the kitchen countertops, and the cutlery drawers will even be pre-slotted, so you'll never mistake your butcher for your cleaver.

Residences come in one-, two-, three-, and four-bedroom sizes, range from 1,777 to 6,868 square feet, and start at $1.9 million. If you need more convincing -- and proof that that this St. Regis has left behind most of its New York City roots -- the balconies alone start at 455 square feet, larger than a fair number of Manhattan apartments. Amenities will include white-glove butlers, 24-hour room service, a 12,000 square foot spa, and someone to do your grocery shopping for you. Because, you know, you'll be hungry when you finally roll in from Nikki Beach...

Gallery: St. Regis Bal Harbour Resort

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Tags: bal harbour, BalHarbour, florida, journey, journeys, miami, real estate, RealEstate, spa, st regis, st regis bal harbour resort, StRegis, StRegisBalHarbourResort

Madoff's Beach House Sells for More Than Asking Price

by Lisa Palladino (RSS feed) —

Filed under: Estates, Crimes and Misdemeanors

Madoff's Beach House Sells for More Than Asking Price

Another tiny dent soon will been made in the repayment of the funds owed to those duped by Bernie Madoff. His 3,000-square-foot Montauk, N.Y., beach house sold this week in an all-cash deal for more than the $8.75 million asking price. Neither the buyer's name nor the exact amount of the sale has been released. The four-bedroom, three-bath home is located on 182 feet of prime beach property.

The house was only on the market a few weeks. See more about the house, and more photos, in this story my colleague Deidre did on September 1, and check out this New York Times slideshow.

Tags: beach, Bernie Madoff, BernieMadoff, estate, Madoff, Montauk, real estate, RealEstate

Heather Mills Lists A London Flat

by Deidre Woollard (RSS feed) —

Filed under: Estates, Celebrity Shopping

One of England's most infamous divorcees, Heather Mills, Paul McCartney's ex, has been spending a lot of time in the United States lately. As my colleague Jared Paul Stern reported last month, this summer she was seen in the Hamptons. The Real Estalker reveals that the former model has hoisted her London apartment on The Bishop's Avenue onto the market for a posh price. Mills bought the home for around £2.35 million late last year and now it's on the market for £3.75 million. The three-bedroom unit is at the Allingham Court condo complex, a building that includes an indoor pool and a gym. The condo looks freshly decorated in a luxe palette of neutral tones, pretty but devoid of any real personality. Mills also owns a home in Sussex and apartments in New York and Paris but this leaves her without a London base.

Gallery: Heather Mills In London

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Tags: celebrity real estate, CelebrityRealEstate, heather mills, HeatherMills, london, real estate, RealEstate

Madoff's Homes Moving Toward Sale Date

by Deidre Woollard (RSS feed) —

Filed under: Crimes and Misdemeanors

It's been a long time coming but it looks like we finally have a date for when Federal officials will auction off the homes belonging to disgraced Ponzi schemer Bernie Madoff. The NY Daily News reports that the three homes, a Manhattan penthouse on East 64th Street, a summer home in Montauk, Long Island, and an estate in Florida's West Palm Beach, will be listed after Labor Day. The Federal marshals have said they are soliciting applications from real estate brokers to act as agents. As we heard last month, in Manhattan, potential brokers were summoned to Madofff's apartment to check out the property and undergo a sort of group audition.

Taken together the homes are worth more than $20 million. Proceeds from the sales will help to chip away at the billions owed to Madoff victims around the world. The homes will be sold unfurnished and Madoff's furniture and art will be sold separately. His three boats will also be sold. Madoff was sentenced to 150 years in prison in June. Most recently his longtime mistress announced that she is writing a book about their affair.

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Tags: bernie madoff, BernieMadoff, real estate, RealEstate

Big Price Cut For Devonshire

by Deidre Woollard (RSS feed) —

Filed under: Estates

When I wrote up the Devonshire estate last year, real estate commenter Spectacular Bid warned that it might linger on the market a while. As usual, he was right. The home in Bedford Corners, New York is a grand estate on over 101 acres of land. The Georgian style manor was built for New York banker J.Borden Harriman in 1901and was designed by L. Henry Morgan, John Galen Howard, and D. Everett Waid. Architect and horticulturalist Guy Lowell-who built the Boston Museum of Fine Arts designed the estate's formal gardens. The 21,000 square-foot mansion has an original grand staircase, gold leaf moldings, wood paneling, marble floors and a Tiffany glass domed ceiling. There are eight bedrooms, a formal dining room, solarium, a billiards room and a 10,000 bottle wine cellar. Last year it was listed at $43 million but now it sits at $30 million. Will a $13 million price cut be enough to sell this one?

Gallery: Devonshire

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Tags: bedford corners, BedfordCorners, devonshire, new york, NewYork, real estate, RealEstate

Selling Real Estate to Leibovitz "Big Mistake"

by Tom Johansmeyer (RSS feed) —

Filed under: Art, Real Estate Developments

Celebrity photographer Annie Leibovitz may lose her two high profile properties if Art Capital Group wins its $24 million lawsuit. They are side-by-side in Greenwich Village and date back to the 1830s. Leibovitz's plan was to combine 755 Greenwich Street and 757 Greenwich Street into a single 9,000 sqft life/work space. These plans, of course, are in jeopardy, and the former owner of the Greenwich Street homes, Jay Furman, partner in FYH Village LLC, is calling the sale a "big mistake."

The renovations have taken years, resulting in legal action from the Greenwich Village Society for Historic Preservation and a $15 million lawsuit against Leibovitz by her next-door neighbor. The suit was settled in 2003, when the photographer bought the litigant's building for $1.87 million. So, she wound up paying for three properties (12,000 sq. ft. in all), which contributed to a tenuous financial situation and the loan from Art Capital Group, according to Bloomberg News.

These transactions were only part of a mountain of debt amassed by the photographer. From 1999 to 2008, Leibovitz borrowed extensively to purchase property and refinance the debt she was carrying. In total, her activity stretched to more than a dozen loans, Bloomberg News reports, all on the back of her real estate holdings. Two 2006 loans – for $4.7 million in November and $2.5 million in December – were extended by Rhinebeck Properties LLC, which happens to have the same address as Conde Nast Publications Inc.

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Tags: annie leibovitz, AnnieLeibovitz, art, artist, artwork, breaking, breaking news, BreakingNews, greenwich, greenwich village, GreenwichVillage, new york, new york city, new york new york, NewYork, NewYorkCity, NewYorkNewYork, photographer, photographs, photography, real estate, RealEstate

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Tuesday Weld in New York, Estate of the Day

by Deidre Woollard (RSS feed) —

Filed under: Estates, Celebrity Shopping

Actress Tuesday Weld has been trying to sell her home in Montauk, New York for a couple of years now. The home occupies a nice plot of land on 1.2 acres perched above the ocean dunes. The property includes rolling green lawns, a guest cottage and a brick-surrounded pool. The large five-bedroom home has a cozy brick fireplace in the living room, wood floors and an open country kitchen. The home's style seems a bit dated and the bathrooms likely need renovations but it's great space in a gorgeous area. The home was once listed at $9.9 million and now sits at $7.75 million.

Experience more lush living in luxury homes and mansions or see the stars living large with celebrity homes galleries at AOL Real Estate.

[via Real LI]

Gallery: Tuesday Weld in Montauk

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Tags: estate of the day, EstateOfTheDay, montauk, new york, NewYork, real estate, RealEstate, tuesday weld, TuesdayWeld

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Vanity Pricing Consolation Prize for Luxury Real Estate

by Tom Johansmeyer (RSS feed) —

Filed under: Real Estate Developments

You have 320 choices if you're looking for a home that costs more than $20 million – though if you're smart, you shouldn't have to pay nearly that much. Why? As you'd expect, real estate agents are having trouble moving these houses, so they are staying on the market for a while, and age doesn't do much for a property's value.

The top listing right now belongs to Aaron Spelling's widow – at least until she can sell it. This is a difficult proposition, however, with a price tag of $150 million. Four years ago, the highest price on the market was half what Spelling is asking. This year, $75 million isn't good enough to make the top 10.

Since the number of listings is up, you'd expect sales to be down ... and that's how it's working out. In the Hamptons, year-over-year sales were off 43 percent in the second quarter, with the median price down 17 percent. Homeowners who can't sell are trying to rent instead, with mixed results. Joseph Farrell, who has a home in Bridgehampton, would like to sell it for $59.5 million. Until that happens, he has to be content to rent it, which he's doing now at $425,000 for two weeks.

So, if homes aren't moving, why continue to price them above $20 million? The answer is as old as consciousness: vanity. An absurd price is guaranteed to get some attention (as I've just demonstrated).

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Tags: aaron spelling, AaronSpelling, beachfront, bridgehampton, estate, estates, hamptons, housing, housing bubble, housing market, housing sector, HousingBubble, HousingMarket, HousingSector, real estate, RealEstate, villa

Oyster Harbors House Auction

by Deidre Woollard (RSS feed) —

Filed under: Estates

If you want this home you'll need to move quickly it's being auctioned off on Monday, August 3. This home is located in a place I spent plenty of time in as a child, the community of Oyster Harbors in Osterville, Massachusetts. This gated community is no recent addition to Cape Cod, it was established in 1927 on Osterville Grand Island. Today's home is a mortagee's foreclosure being auctioned off by JJManning Auctioneers. Supporting documents show that it is owned by Krikor Baytarian, head of Norada Construction, the company which built the home.

The new 8,500 square foot home sits on approximately 1.52 acres. The five-bedroom home includes large common areas, library, third floor observatory, a first floor master suite and the potential for additional guest quarters over the garage. The property is enhanced with decks, patios, and an in-ground pool with cabana and a pool house with a full bath, laundry, changing rooms and a wet bar.

A $50,000 deposit in certified or bank check must be shown at the auction. The balance is due in 30 days and other terms will be announced at the sale. Related documents say the home was once listed at $5.85 million and the tax assessment is $3,312,300.

Gallery: Oyster Harbors

Tags: cape cod, CapeCod, home auction, HomeAuction, osterville, oyster harbors, OysterHarbors, real estate, RealEstate

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The Residences At 40 East 66th Street

by Deidre Woollard (RSS feed) —

Filed under: Real Estate Developments

The news has been full of talk of Manhattan's real estate slump lately. While it is true that prices are down there is always interest in a good address. That's one of the lures of 40 East 66th Street which has an enviable Madison Avenue location near Central Park, shops, cafes, museums and art galleries. The recently converted Rosario Candela-designed building has a variety of residences available ranging in price from a $2.65 million two bedroom to a $16.5 million four-bedroom residence with its own private landing.

The building was originally constructed in 1929 and the new lobby was inspired by original details including a vaulted ceiling and patterned floors and walls of St. Laurent, White Pearl and Oro Toscano marble. The units include some original features like formal dining rooms, wood-burning limestone fireplaces, and white oak herringbone patterned floors along with modern touches like Barber Wilsons & Co. faucets, Viking stoves with Miele hoods, Sub-Zero refrigerators and wine coolers and Miele dishwashers. The building has 24-hour doorman service as well as a fitness room, children's playroom and bike and stroller storage.

The gallery below contains pictures of a unit listed at $6.65 million. It's a model residence designed by Eric Cohler Designs and it is being sold furnished. The seven-room unit has a large main living area with a wood-burning fireplace and northern views onto 66th Street and the architecture of the Fred Leighton building. There is also a cook's kitchen with breakfast room and a master bedroom with a five-fixture master bath.

Gallery: 40 East 66 Street

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Tags: 40 east 66th street, 40East66thStreet, condos, new york, NewYork, real estate, RealEstate

Buy This House And Get The Bentley Too

by Deidre Woollard (RSS feed) —

Filed under: Estates, Luxury Cars & Autos

Yet another fancy home for sale is throwing in a luxury car to sweeten the deal. The owner of a four-bedroom home in the San Diego area town of Cardiff is including his 2007 Bentley convertible with fewer than 15,000 miles on it with the home. He was asking more than $2 million for the home but now the price is $1.799 million. But wait, there's more, act now and they'll throw in all staged furniture, too. The contemporary home has ocean views and an open floor plan. The listing is here.

[via San Diego 6]

Gallery: Buy This House Get A Bentley

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Tags: bentley, cardiff, real estate, RealEstate, san diego, SanDiego

What Is Tyndal Point Really Worth?

by Deidre Woollard (RSS feed) —

Filed under: Estates, Real Estate Developments

Just how much is relatively undeveloped land in the Hamptons worth? We've seen the Tyndal Point property on the market for several years. The 55-acre property first hit the market in 2007 for an astounding $80 million. Ah those were heady days. Newsday's Real LI reports that the property, which was priced at $75 million last year, is now down to just $49.9 million. Real LI reports that Scott Strough of Strough Associates says that since the price reduction he's had major interest from a variety of sources.

The land, which has 3,000 square feet of beachfront, can be subdivided into three estate parcels of two lots each. Right now there is a main house and two additional residences on the property. There are also two deepwater docks. The owner of Tyndal Point is retired lawyer Robert Rust, who inherited the property from his aunt. She paid about $200,000 for the land more than 50 years ago.

Gallery: Tyndal Point

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Tags: hamptons, new york, NewYork, real estate, RealEstate, tyndal point, TyndalPoint

Dallas Condo To Be The Site Of Second iBidcondo Auction

by Deidre Woollard (RSS feed) —

Filed under: Real Estate Developments

The first iBidcondo auction took place last months and a $690,000 condo at the Star Riverside complex in Austin sold for around $87,000. The beat goes on with iBidcondo's announcement that the will be auctioning off a unit in the Beat Condos in Dallas Texas on July 27.

Up for bid is a two-bedroom unit on the 4th floor, with a "retail price" of $280,000 which is expected to sell for between $50,000 - $100,000. The building is a ten-story concrete, steel and glass tower with a salt water pool with spa, poolside cabanas and a multiuse facility perfect for entertaining guests; controlled access entry and gated, garage parking.

The way iBidcondo works is that you buy a seat for $100. The seats cover the cost of the property so that the auction price is donated to a charity. You can see an interview with the winners of the first auction on the iBidcondo website.

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Tags: condos, dallas, ibidcondo, real estate, RealEstate, texas

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