LRE® Blog

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May 21, 2015

Harry Norman, REALTORS® Releases 2015 Spring HOME Magazine

Courtesy of Harry Norman, REALTORS® Harry Norman, REALTORS® released the Spring edition of their award-winning HOME magazine on May 18th. Voted Best-in-Class by the Printing Industries of America, HOME magazine is Harry Norman's premier publication specifically created to assist agents in marketing their clients' luxury properties.

May 21, 2015

Appreciation

Courtesy of Frederick Peters, President of Warburg Realty In my capacity as an expert on New York residential real estate, I have recently been asked all three of the following questions:   How much should I expect the value of my home to increase over 3 years, or 5 years?  Is it a better investment to buy in an established neighborhood or an up-and-comer? Will prices appreciate more for a larger property, or a smaller one?  In trying to answer these questions as accurately as I can, I find myself contemplating the dual meanings of the word “appreciation;" it’s both an increase in monetary value and the attribution of value of a more abstract nature. The three questions quoted above share the definition of “appreciation” as an increase in monetary value. And here are my answers:

May 21, 2015

Michael Jordan's Chicago Mansion Back on the Market

Courtesy of The Agency NBA Superstar Michael Jordan has placed his home back on the market with The Agency for $14,855,000. The Washington Post reports the listing price has been significantly reduced from the $29,000,000 price tag three years ago. Extensively refreshed in 2009, the estate features a sumptuous three-story primary residence connected to a generously appointed guest wing by a sky-lit entertaining pavilion. Nine bedrooms and 15 baths provide ample opportunity to host friends and family, and guests can congregate and warm themselves by the five fireplaces spread throughout the home. The extensive outdoor entertaining area features a kitchen perfect for alfresco dining, a huge circular infinity pool and a pond. 

May 20, 2015

Hammond Agents to Exclusively Market CRAFTS LANE Development

Courtesy of Hammond Residential Real Estate CHESTNUT HILL, MA – Jim Nemetz, manager of Hammond Residential Real Estate in Chestnut Hill, recently announced that Erin Baumgartner and Pauline Ho Bynum have been named as the exclusive marketing agents for  CRAFTS LANE Development, five fully-approved shovel-ready luxury home lots in Heath School District and Chestnut Hill North Historic District.

May 19, 2015

Tahoe Home Featured on HGTV House Hunters Program May 27th

Courtesy of Chase International SOUTH LAKE TAHOE, CA – Fans of HGTV’s House Hunters may see some familiar scenery on the May 27th episode, which features a Bay Area couple’s search for the perfect mountain home. Travis and Morgan Fields of Oakland were working with Chase International’s Angie Clark last spring when they decided to invite the show to follow them on their quest. HGTV producers and a film crew came out to Tahoe to film the couple on their South Lake Tahoe search. The episode, titled "Looking for a Log Cabin Vacation Home in Lake Tahoe” will air Wednesday, May 27 at 7pm. It will air again through the weekend.

May 19, 2015

Keyes Luxury Insights: Brickell's East

Courtesy of Kevin M. Leonard with The Keyes Company and Valore Group It seems that even more luxury is coming to Miami with Hong Kong-based developer Swire Properties and their east block tower - the first of six planned towers under construction at the Brickell City Centre. Situated at 89 SE Eighth St., this initial tower will be home to "EAST, Miami' - a luxury lifestyle hotel slated for opening in winter 2015.

May 19, 2015

Riga - 5th Best Tourist Destination

Courtesy of Mercury Group Estate Latvia With 15,627 votes in favor, Riga was put on the fifth spot among the best tourist destinations in Europe in 2015. People who participated in the vote described Riga as a very beautiful and romantic city with marvellous architecture, and a city where people can relax.

May 19, 2015

Comedian Mike Myers Lists New York Duplex

Courtesy of Compass Comedian and creator of ‘Austin Powers,’ Mike Myers, has just listed his 4,200-square-foot penthouse in SoHo, Manhattan with Leonard Steinberg and Hervé Senequier of Compass for $16,950,000. The Wall Street Journal reports that Mike had originally purchased the residence in 2007 for roughly $7.9 million.

May 18, 2015

Erica Stowers Features Florida Luxurious Properties on Channel 7

Courtesy of Erica Stowers with Florida Luxurious Properties Erica Stowers of Florida Luxurious Properties proudly features the exquisite residence at 31 Isla Bahia Drive in Harbor Beach, Fort Lauderdale on Channel 7 ABC’s local television feature, “Out and About”. The show airs Sunday, May 17th at 11:30 a.m. EST. To view the interview, Click Here: Channel 7 Visits 31 Isla Bahia in Fort Lauderdale.

May 15, 2015

Iconic Scarface Estate Receives $17.9M Price Reduction

Courtesy of Riskin Partners MONTECITO, CA – The historic El Fureidis estate in Montecito recently returned to the market with a $17.1 million dollar price reduction, a 49% reduction from its 2014 offering price of $35 million. Represented by Riskin Partners and Emily Kellenberger of Village Properties Realtors, Santa Barbara’s exclusive affiliate of Christie’s International Real Estate, the famed estate is one of the area’s most notable properties. El Fureidis – “tropical paradise” – was designed by renowned architect Bertram Goodhue and built in 1906 for James Waldron Gillespie. Goodhue’s works include the Los Angeles Central Library, Saint Thomas Church in New York City, the Nebraska State Capitol, and the Chapel and original campus of the U.S. Military Academy at West Point.
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