LRE® Blog

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March 3, 2015

Saudi Prince Lists Manhattan Triplex Apartment for $48.5M

Several news outlets including The Wall Street Journal, CNBC and the New York Daily News recently reported that Prince Nawaf bin Sultan bin Abdulaziz Al-Saud has listed his Upper West Side triplex apartment with Ryan Serhant and Brian Chan of Nest Seekers International and Raphael De Niro of Douglas Elliman. The 10,500 square foot apartment features incredible features such as bullet-proof panic rooms, a sushi island bar, two saltwater aquariums and skyline and Hudson River views from nearly every window.

March 2, 2015

It’s All In The Fingertips

Courtesy of Frederick Peters, President of Warburg Realty I love to teach. Last week I had a wonderful time leading a pricing and negotiation class for a large group of veteran agents. I was reminded, as I often am when teaching, about the rapidity with which change occurs in our marketplace. Pricing and negotiating strategies evolve on a month-to-month basis (in fact, pricing the property with the seller is often our first negotiation!) and it is particularly challenging to keep our clients and customers informed and up to date. Here’s what I (and the group) believe is happening at the moment:

March 2, 2015

Keyes Luxury Insights: Jupiter Real Estate - Condominium or Dockominium

Courtesy of Kevin M. Leonard with The Keyes Company and Valore Group Anyone in the market for a South Florida condominium today? Oh, yes, I see the show of hands. Smart move, great choice! But who feels like something different?  How about a dockominium?  The boat market shrunk there for a while but now with a recovering economy - dockominiums are back in demand. When real estate markets pick up, boat sales follow suit. South Florida has a bountiful supply of pleasure boats, marine industries, and private boat docks.

February 24, 2015

Landmark Greene & Greene with Presidential Pedigree

Courtesy of John Aaroe Group It’s not every day an agent gets to represent a landmark Craftsman home built by Greene & Greene in 1904 for the widow of a US President. Even for Aaroe Estates Director Kevin Bourland — whose listings are routinely studded with architectural treasures — the Garfield House is a definite milestone.

February 23, 2015

Magnificent Waterfront Estate Overlooking a Natural Preserve

Courtesy of David W. Roberts, Royal Palm Properties This magnificent custom waterfront estate, located in the Royal Palm Yacht & Country Club, has seven bedrooms, nine full and two half bathrooms, is 11,799 square feet under air and has a six-car garage plus golf cart. Royal Palm Yacht & Country Club, ''La Casa Delle Palme'' sits on 150' of waterfront with south exposure overlooking a natural preserve (Capone Island). A gated driveway, with cameras located around the exterior of the property making for unparalleled privacy and security. Features include full house natural gas generator, complete remote control Crestron system overseeing security, audio, lights, climate, drapes, hurricane resistant windows and doors.

February 23, 2015

Montenegro: The New Monaco? Not exactly…

Courtesy of Colin Kingsmill with Stratex Montenegro In an article by Claire Wrathall, the March 2015 issue of Boat International Magazine asks, once again, is "Montenegro the New Monaco?" Claire has been writing about Montenegro since as early as November 2004 in The Scotsman, so she is certainly a credible "witness" to the regional transformation that has occurred over the past decade.

February 19, 2015

Keyes Luxury Insights: Hollywood's Life of Luxury

Courtesy of Kevin M. Leonard with The Keyes Company and Valore Group I am thinking that I could do an entire email series just about Hollywood's luxurious homes. And maybe I will do that later but for today we'll explore just one part of Hollywood's luxury real estate market. And I'll let you in on a little secret…

February 18, 2015

Foreign Money

Courtesy of Frederick Peters, President of Warburg Realty The New York Times series, published last week, about foreign money at the Time Warner Center has raised a lot of eyebrows. Does this foreign money, frequently emanating, according to The Times, from sources which are perhaps corrupt, deserve a home in the condominiums of New York City, or Miami, or San Francisco? It’s a great question but not one which allows an easy answer. All the issues which surround it are complex.

February 17, 2015

The Beacham Insider – February 2015

Courtesy of Beacham & Company, REALTORS Atlanta real estate market off to fast start in 2015 and Beacham & Company notches double-digit sales growth for eighth consecutive year. Atlanta real estate is poised for a robust year in 2015 as increasing inventory levels, loosening lending standards and job growth are expected to make it the best year for home sales since 2007.

February 17, 2015

Life in Montenegro: Creating a Storied Place

Courtesy of Colin Kingsmill with Stratex Montenegro The Mountains of Montenegro The February issue of Monocle magazine is titled “The art of hospitality: reap what you sew (and bake, make and brew).” Reading it prompted me to ponder how the principles are being applied by developers here in Montenegro.
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