Tag: luxury

Luxury housing market inspires ‘total frenzy’ in vacation-home boom towns like Aspen, Palm Beach and Lake Tahoe

In the third quarter, luxury home sales jumped 41.5%, the biggest year-over-year shift since 2013, according to Redfin. And while real estate agents repping luxury homes aren’t seeing as many bidding wars as they did this summer, the message across the company was the same: their respective markets are crazy right now.

“What we’re seeing here in Palm Beach is a total frenzy,” Dana Koch, a sales associate with Corcoran Group, the Koch Team in Palm Beach, told HousingWire. “I’ve had many conversations with clients of mine from late April through early July, the margin was total pandemonium. And, since early July to now, it’s just getting very busy.”

A recent report from Douglas Elliman and Miller Samuel revealed that the average home price in Q3 in Palm Beach was $7 million. Contracts during this time also skyrocketed 62%.

While the Palm Beach market has not seen a lot of bidding wars, Koch said that a lot of the inventory has been absorbed and properties are getting multiple offers.

Since it’s a summer destination, Palm Beach’s busy season for home-buying starts on Nov. 1, and runs through May 1. Koch said that since this summer — typically the home-buying off-season — was busy for buyers, he thinks it will only get crazier.

“We normally average roughly like $200 plus million on an annual basis, and during the first three quarters, we’ve sold $350 million worth of real estate,” Koch said. “So it’s been a crazy year. It’s been a very profitable year.”


NAMB leads brokers in advocating for consumer data privacy

The National Association of Mortgage Brokers has been advocating for mortgage brokers for almost 50 years. We spoke with NAMB’s President and NAMB’s lobbyist about the organization’s past and current legislative efforts.

Presented by: NAMB

Over where the weather is colder, Steven Shane, a Compass real estate agent in Aspen, Colorado, said that buyers are coming from all over Texas, Florida, New York and California.

Shane said that schools in Aspen have increased their enrollment, as families are putting their roots down where they can have more space.

“I think that there’s a lot of people who rented, put their kids into school, and now, interest rates are so low, if you think about it, it makes a heck of a lot more sense to buy something than to pay rent,” Shane said. “So a lot of the people who came here initially may have rented just to get a place and now are looking to buy a home.”

From hiking to skiing and fishing, Shane said that people want to be able to get out and be able to stretch their legs if they’re working from home, and they can do that in Aspen.

“People learned that they can work from anywhere,” Shane said. “For the most part, people can work remotely, and their children might be attending school remotely. So why not be in Aspen, Greenwich, Connecticut, or the Hamptons?”

Speaking of the Hamptons, as

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SkyRun Vacation Rentals – Park City & Deer Valley Now Offers Luxury and Premium Rental Properties on Homes & Villas by Marriott International

BOULDER, Colo., Oct. 22, 2020 /PRNewswire/ — SkyRun Vacation Rentals today announced that select rental properties in Park City and Deer Valley, Utah are now available on Homes & Villas by Marriott International. The premium home rental offering provides guests, including more than 140 million members of its travel program Marriott Bonvoy, extraordinary options to choose from when booking travel from among its 30 hotel brands and more than 10,000 home rental properties.

Luck Star at Belle Arbor - SkyRun Deer Valley, Utah

These new homes are situated in former mining town Park City, which is nestled in the Wasatch Range east of Salt Lake City, and luxurious Deer Valley, which is known for its famous corduroy groomed slopes, fine dining restaurants, and shopping at swanky Main Street.  The homes feature luxury living spaces, exceptional views, and sought-after locations for visitors.

Before being added to the Homes & Villas by Marriott International portfolio, SkyRun Vacation Rentals’ properties were audited and reviewed by Marriott International to meet the company’s high standards for regulation, design and amenities.

Barry Cox, Co-Founder and CEO of SkyRun, says “we couldn’t be happier to have our homes selected by Marriott International. We share Marriott’s vision for what guests expect in luxury stays and look forward to adding our homes in our 30 other locations by the end of the year.” Michael LeClerc, Owner of SkyRun’s Park City/Deer Valley location, adds “providing our luxury homes to Marriott’s Bonvoy members is a real differentiator in this area.”

Hallmarks of Homes & Villas by Marriott service, which will be adopted by SkyRun Vacation Rentals include:

  • Professionally designed interior and exterior spaces
  • 24/7 support and check-in
  • High speed Wi-Fi
  • Premium bed linens and towels
  • Premium bath amenities
  • Child-friendly items upon request, such as high chairs and travel cribs

Launched in May 2019, Homes & Villas by Marriott International marks Marriott International’s entrance into the home rental space, now offering travelers access to more than 10,000 premium and luxury homes located in over 200 destinations throughout the United States, Europe, Caribbean and Latin America. This curated selection of homes aims to connect travelers to thousands of rental properties around the world and sets the stage for guests’ most treasured travel moments – home-cooked dinners with extended family, lawn games in the backyard or celebrating a milestone birthday with family and friends.

About SkyRun
Since 2014, SkyRun Vacation Rentals – Park City & Deer Valley (https://www.parkcity.skyrun.com/), has provided new and better ways for second-home owners to get the most out of their investment properties and for guests to get the most out of their vacation experiences. Please contact the Marketing Department (marketing@skyrun.com) for media support.

Contact: angelea@skyrun.com

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SOURCE SkyRun Park City

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Shuttered hotel gives way to luxury homes in Alexandria, Va.

As a renter in Crystal City, Oparka had been worrying about the effect of Seattle-based Amazon’s opening a second headquarters in that Arlington, Va., neighborhood. (Jeff Bezos, founder and chief executive of Amazon, owns The Washington Post). He later recalled thinking, “Those changes will be exciting, but in 10 years’ time, what will it be like to live here?” He had already started looking around at new residential construction.

So he followed the couple’s advice, and then he purchased a one-bedroom corner unit on the ninth floor of the 13-story building.

Carr Cos. bought the property and has been redeveloping it, replacing the hotel with 119 condominium units, flanked on two sides by a total of 41 townhouses. The 13-story condominium project is exempted from a height limit for new construction because it is replacing the hotel.

Nearly half of the condo units and townhouses have been sold. Base prices for the remaining condos range from $500,000 to $3 million; for the remaining townhouses, from $1.5 million to $2.6 million. Buyers are expected to begin moving in next fall.

Floor-to-ceiling windows: A furnished two-bedroom, two-bathroom model unit is on view at the sales office across the street from the property. For prospective buyers, a tour is like walking through a real condo.

The entry door opens into the kitchen, which adjoins a living and dining space with a balcony outside. Flanking the open-plan living area are two bedrooms, one on each side. One bedroom has an en suite bathroom; the other has a bathroom steps away. A washer and dryer are in a closet between the bathroom and the second bedroom. The unit has floor-to-ceiling windows.

Oparka described some of the choices involved in buying his one-bedroom unit. “I traded a water view for space and price,” he said. “If I want to look at the river I can go to the rooftop.” The rooftop is where there’ll be grill stations, fire pits, outdoor TVs and a lounge that residents can reserve for parties.

Oparka also snagged storage space for some of his bikes and assorted gear. “The two I ride the most I’ll keep inside my home,” he said. “The other three I’ll put into either my storage spot area or the building’s bike storage area.”

Other amenities include front-desk concierge service, a pet spa and a fitness center.

WCS Construction is the general contractor. Lessard Design provided the architects and designers. McWilliams Ballard is handling sales.

Nearby: The Potomac River is one block from Venue. Old Town Alexandria has an abundance of shops, galleries, dining options and historical sites. Trader Joe’s and Harris Teeter are a couple of blocks away. Montgomery Park is a two-acre retreat with picnic tables, a playground, a dog park, tennis courts and grass fields. Mount Vernon Trail runs by the development. From Venue, it’s a short drive to Crystal City, Pentagon City, Reagan National Airport and Potomac Yard, all in Virginia, and, across the Potomac, to downtown Washington, Georgetown, the Mall

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Upscale Luxury On Newport’s Famed Waterfront

The Brenton Hotel, which opened in July, is a luxury boutique property that sits directly on Newport’s bustling waterfront and features 57 rooms and suites. Floor-to-ceiling windows throughout the Brenton’s public spaces and guest rooms offer panoramic views of the harbor and historic cityscape. Rooms and suites are quite spacious, with rooms starting at 450 square feet and suites at 1,100 square feet. Exclusive experiences include the hotel’s private 36-foot Hinckley Picnic Boat, ready to whisk guests away for private escapes and intimate sunset sails around the bay and Peloton bikes that can be delivered to individual guest rooms for use. 

Rooms and Design 

Distinctively Newport from experience to architectural design, the Brenton Hotel evokes the feeling of staying on an extravagant yacht. 

For a truly upscale experience, the Brenton’s two-bedroom suites and penthouse suite provide an expansive footprint that echoes the scope of the mansions along the famed Cliff Walk.  Drenched in light, the suites provide unobstructed, 270-degree views of Newport Harbor, steepled New England churches, tall ships, sailboats, superyachts, lighthouses, forts, mansions, and the stars at night. The suites offer two king bedrooms and two bathrooms, one featuring a free-standing soaking tub. The penthouse suite has a private, fully furnished balcony. 

A standard room at the Brenton Hotel is anything but standard. Spacious and airy, the king bed faces the floor-to-ceiling windows (with some of the best harbor views to be had). Each room features a chaise sitting area with minibar (all snacks found inside are complimentary), and the walls are adorned with an in-room gallery of locally inspired photography featuring famed moments and notable events that contribute to Newport’s allure. Just past the sitting area, floor-to-ceiling sliding doors open to either a Juliet or fully furnished balcony for guests to take in sea breezes and fresh air. 

Dining

The highly anticipated opening of the Roof Top has some of the most sought-after views in town. Shared plates and craft cocktails, as well as beer and wine, can be ordered. Lush succulents and greenery make it feel like a garden in the sky. Cornhole, foosball, and Ping-Pong are available in warmer months, and heat lamps and firepits make it cozy when the weather turns. 

The Living Room, the hotel’s main restaurant, is across from the lobby on the second floor. Unlike an enclosed restaurant, the Living Room feels like its moniker—it’s open and relaxed and offers stunning views of the harbor. It’s designed to make you feel like you’re in a friend’s beautiful home with sofas, armchairs, and low tables providing a comfortable vibe. The menu focuses on locally sourced ingredients ranging from daily caught oysters, local charcuterie and cheese boards, and Narragansett Bay littleneck stuffies to grilled lamb lollipops persillé with sweet potato and rosemary jalapeño oil, and tortellini

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Mansion Global Daily: Luxury Sales Bounce Back in Florida, Vacation Markets See Increased Demand, and More

Luxury Sales in South Florida Rebounded Sharply, Driving Prices Higher

The median luxury house in Miami sold for $1.94 million, up more than 30% over last year. Read More

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A New England-Style Home, Built in 1840, in the U.K.’s Kent

The property, set on three acres, features several outbuildings. Read More

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Penthouse at Hong Kong’s St George’s Mansions Sells for HK$238 Million

A 3,330-square-foot penthouse with a 2,933-square-foot balcony at the St George’s Mansions project in Kowloon, Hong Kong, has sold for more than HK$238 million (US$31 million). The home was the second-most-expensive deal in the past three months in Hong Kong. The St George’s Mansions project has three 20-story buildings surrounded by luxury villas and thick greenery. South China Morning Post

U.S. Vacation Housing Markets See Increasing Demand

Traditional vacation housing markets across the U.S. have seen an increase in demand from buyers who have the flexibility of working from home, according to data from Zillow. Page views on the site’s listings are up nearly 50% year-over-year in September in metro areas typically considered vacation destinations, compared to a 37% increase in page views nationally. Vacation destinations are defined as metros with at least 65,000 people and five times more vacation homes than the U.S. as a whole. World Property Journal

Frank Lloyd Wright-Designed Illinois House Sells for More Than $2 Million

The only Lake Forest, Illinois, home designed by Frank Lloyd Wright sold last week for $2.075 million, within 10 weeks of listing. Completed in 1953, the house sits on a nearly two-acre parcel with a 4,300-square-foot house that mimics a yacht. The house is among the largest of Wright’s Usonian designs and one of the only ones to originally include staff quarters. Patch

Former Los Angeles Home of Late Lakers Owner Jerry Buss Changes Hands

The former home of late Lakers owner Jerry Buss in the Bel-Air neighborhood of Los Angeles has sold for $5.35 million. The buyer is “The Real Housewives of Beverly Hills” star Sutton Stracke. Built in 1938, the Georgian-style house has 4,400 square feet of living space with four bedrooms and five-and-a-half bathrooms. Buss, who died in 2013 at age 80, owned the house until 1984, when he sold it for $775,000. Los Angeles Times

AROUND NEWS CORP

Welcome to Newburyport, Where Million-Dollar Homes Are Flying Off the Shelves [The Wall Street Journal]

The French ‘Timeshare’ Bombshell [The Times of London]

Fred Astaire’s Old Park Avenue Pad Hits the Market for $4M [New York Post]

Germs, Be Gone! 7 Simple Renovations to Coronavirus-Proof Your Home [realtor.com]

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How to Plan the Ultimate Caribbean Luxury Vacation

In the age of social distancing, travelers are placing a premium on privacy — both in their transportation and their accommodations. 

And that’s the reasoning behind the launch of leading luxury villa rental company WIMCO’s new WIMCO Prive’ concierge travel service. 

WIMCO Prive’ works with WIMCO’s longtime partner, Tradewind Aviation, to plan each aspect of the ultimate Caribbean luxury vacation. 

It gives travelers the ability to arrange a “private, luxury and crowd-free travel experience” from their home airports right to the Caribbean, with private aviation on each leg of the trip and a private villa for the vacation itself. 

st barth tradewind
Tradewind is the most luxurious way to travel to St Barth.

When transfers are required to smaller airports on private islands, WIMCO will arrange “wing to wing” transfers, avoiding airport terminals entirely, the company says. 

In the age of social distancing, access to private aviation and private villas helps in “reducing the risk of contracting a virus while away from home,” according to Stiles Bennet, president of WIMCO. 

A sample itinerary might be taking a private jet from Westchester to St Barth via San Juan, for a stay in a villa or a yacht in St Barth. 

Or a getaway from Philadelphia direct  to Anguilla for a family beach getaway. 

WIMCO Prive’ gives travelers the choice of private jets for parties of any size — from light jets of six to seven passengers to airliners for 60 passengers. 

WIMCO Prive’ can also request quotes on chartering private yachts. 

For more, visit WIMCO Prive’. 

— CJ

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Stay at the Luxury Hotel Where ‘The Great British Baking Show’ Was Shot

What 2020 championship season successfully navigated the Covid Era by requiring participants to live and compete in a rigorously maintained social bubble?

If you said the National Basketball Association, your answer is only half-baked.

Yes, the NBA hunkered down in an isolated community at Walt Disney World in Florida. But the contestants on the U.K.’s The Great British Bake Off, known in North America for obscure legal reasons as The Great British Baking Show, also spent their season in a bubble.  

Usually, the easy-to-watch show (don’t worry—there are no spoilers here) is set in a temporary tent on the grounds of Welford Park near Newbury, a 50-minute train ride west of London and not far from Downton Abbey‘s Highclere Castle. During normal seasons, contestants go about their regular lives during the weekdays and commute to the tent for tapings on weekends.

After 11 seasons, the show has become a pop culture institution in the United Kingdom, and producers felt it was crucial to keep baking and carry on, pandemic notwithstanding. 

So they moved the set to the grounds of Down Hall Hotel & Spa, a gorgeous Victorian-era luxury retreat on 110 acres about 33 miles northeast of London. Instead of taping on weekends over the autumn, everyone involved with the show—cast, crew, judges—lived and cooked at the hotel in late summer.

For six weeks, cast and crew never went home, agreeing to regular viral testing and no outside contact. Each episode was shot over two days, followed by two days off, so the entire season was recorded much faster than usual, and with much more day-to-day intimacy between the participants.

The judges, Paul Hollywood and Prue Leith, had separate dining facilities from the contestants. Whenever a baker earns the rare compliment of a Paul Hollywood handshake this season, rest assured there was a team of health experts behind the camera ensuring that all shaken hands were well sanitized.

The show is currently airing on Channel 4 in the U.K. and streaming in the United States on Netflix. On screen, viewers see no evidence of the complexity and intensity of the production measures happening behind the scenes other than when, on one recent episode, a baker’s children appeared to congratulate them for a success. Normally, children remain back at home.

Fans of the baking competition weren’t previously able to stay overnight at the show’s home. But in a 2020 twist, TV’s endearingly bready tournament has unexpectedly given rise to England’s newest tourist attraction.

On your next trip to the United Kingdom, you, too, can stay at Down Hall (not to be confused with Down House, where Charles Darwin lived—but you can visit there as well). 

The 98-bedroom Down Hall lies near the village of Bishop’s Stortford, which dates to Roman times at least. The hotel’s building replaced an earlier Tudor edifice in the 1860s. But unlike Downton‘s Highclere, the ruling family was unable to keep it going in changing times, so the estate was sold years

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Luxury Vacation Rentals & Villa Homes for Rent

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  • Finding a beautiful place to stay on vacation that can accommodate our growing family has always been a challenge. We found a fantastic villa in Hawaii that was cheaper than a hotel. No more price comparisons needed because we know we’re getting the best deal with this team!

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  • I’ve always been a member of luxury vacation clubs until I found this site. With no membership fees and unparalleled access to the most beautiful properties in the world, the concierge team has helped me save thousands of dollars while providing excellent and personalized service.

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  • We stayed in a gorgeous home in the Hollywood Hills that we never would have found without the help of their management staff. Not only were we greeted upon arrival and given a tour of the property, but the concierge team made every detail of our stay perfect. I can’t wait for our next vacation with them!

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  • Comparing vacation rentals has always been my biggest hassle when planning a holiday, but after finding this team I know I don’t have to look any further. They’€™re price-match guarantee makes the search easy, not to mention the villas are stunning

    Charles F. (Albany, NY)

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    Luxury Hotel Near Central Park | 5 Star Hotel in NYC

    Experience New York's Iconic Luxury Hotel on Central Park South

    Since its debut on October 1, 1907, The Plaza Hotel has remained a New York icon hosting world leaders, dignitaries, captains of industry, Broadway legends, and Hollywood royalty. As an established staple for lavish society affairs and blockbuster films, The Plaza has welcomed guests from around the world to enjoy its magic at the castle on Central Park South for more than 100 years. Ideally situated on Fifth Avenue, The Plaza’s prestigious address continues to define elegance with unmatched service and an ever-evolving modern sensibility.

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