Blog contributions are provided exclusively from Luxury Real Estate members throughout the world.
Courtesy of LandVest
Photo: Indian Head, Northeast Harbor, ME Listed At $15,500,000 was the highest recorded residential sale in the state of Maine. Story Litchfield was the broker.
Despite global economic and stock market concerns, the high-end coastal Maine real estate market is seeing a positive increase in activity. Terry Sortwell of LandVest in Camden, Maine reports on the coastal Maine real estate market. “In the last six weeks we have had an unexpected surge in the number of productive showings in midcoast Maine. Despite market conditions, the buyers that we have spoken to lately do not appear to be concerned with making a real estate investment. On the contrary, they feel they are getting a good deal and feel a sense of urgency: if they don’t buy, someone else will.” That sense of urgency is not without merit. “Several of our recent sales have had more than one person on the waiting list,” says Ruth Kennedy Sudduth, director of the Residential Brokerage Division, “an occurance that we have not seen happen in quite some time.” In addition, the recent activity has a wide spread in terms of price points. Story Litchfield of LandVest’s Northeast Harbor office recently brokered the sale of Indian Point which was the highest residential sale in the state of Maine.
John Saint-Amour from LandVest’s Portland office reports similar increased activity in southern coastal Maine and into the western lakes region. With buyers looking for value, sellers are working with realistic offers and properties are selling. For the entire state of Maine since 1/1/2011, John reports that there have been 15 sales at $2,000,000 and over. LandVest did 7 of these 15 sales. Of the 11 “pending” transactions in the $2,000,000 and over, LandVest is responsible for four of these properties.
William Davisson, also of the LandVest Portland office, reports dramatic increased activity from buyers having interest in properties in Southern Maine. Oceanfront positions, proximity to amenities, accessibility to transportation, and relative turn-key quality define search parameters for these buyers. The recent financial market turmoil has not deterred prospect property visits with most buyers. It is generally acknowledged that value in Maine Coast real estate is present. York and Cumberland Counties currently have three properties pending, and one sold, listed above $3MM. LandVest represented the Sellers for the $4.2MM sale, and is managing two of the pending transactions.
John Scribner, also from the LandVest Portland office, reports there seems to be a sense that the bottom has been realized and that the market is beginning to turn. This phenomenon requires a unique property with realistic pricing (there has to be the appearance of a good deal for all parties) but it is an emotion we are sensing in the market place we have not seen in a long time. The coast of Maine has been a dream of many for many years, but sellers over confidence (over pricing) and market conditions (recessionary times) have limited opportunities for intelligent buyers. The barriers to entry seem to have lifted a bit.
For more information about buying or selling distinctive real estate in Coastal Maine or information about any of the properties that have sold or are under agreement in Bar Harbor, Northeast Harbor and the Down East area, Camden/Rockport and the mid-coast Maine region, York County, Greater Portland and Boothbay Harbor regions, contact one of our Maine Real Estate Brokers.
Courtesy of La Costa Resort and Spa
CARLSBAD, Calif. (April 14, 2011) – The first ever resort spa in the U.S. and recently recognized as the #1 Resort Spa in Southern California (Spa Magazine) and the #4 Resort Spa in the U.S. and Canada (Travel + Leisure), The Spa at La Costa is a picturesque Spanish-colonial style haven from the everyday. The crowning glory of La Costa Resort and Spa in Carlsbad, Calif., the spa offers 28,000 square feet of indoor space and a 15,000-square-foot outdoor courtyard. The spa features 42 treatment rooms, the full-service Yamaguchi Salon, a spa boutique, Spa Café and movement and fitness training studios. As an integral element of the current $50 million renovation, “The Next La Costa” features a new spa concept, interior redesign, a series of new treatments, expansion of the Spa Café, new Café menu items, creation of social spaces, and the addition of a Reflexology Path and Herb Garden in the Spa Courtyard.
For a complete list of updates and renovations, click here.
New Zealand's luxury property experts Nick Horton and Terry Spice with the brokerage New Zealand Luxury Real Estate Limited have been engaged to sell New Zealand's most expensive real estate listing. The record breaking property titled Rahimoana is listed for sale at $43,500,000 USD and is located on the North Island of New Zealand near the quaint town of Russell in the Bay of Islands. The incredible property is perched on the highest hill on a private peninsula overlooking the Pacific Ocean. Rahimoana is the ultimate South Pacific legacy asset, a functional sculpture that pushes the boundaries and compares to the best of the best in luxury houses around the globe. The stunning building sits facing north on a 44 acre private headland overlooking unlimited deep water anchorage and has panoramic views of New Zealand’s famed Bay of Islands. Beautifully landscaped grounds connect to over one kilometre of private beach via an easy walking track through native forest. This property, built by its current owners and completed in 2006, is of a standard that will impress the most astute aficionado of global luxury homes.
The Spanish luxury real estate developer’s villa “Cala Moraig” was the only European property chosen to appear alongside other beachfront properties scattered around the world: Australia, Cambodia, Hawaii, Cayman Islands, Turks and Caicos Islands and the States.
The cliff top villa Cala Moraig stands out, not only for the magnificent views across the Mediterranean Sea, with 180 degree water views, but also for the unusual and modern design, which integrates well into the natural rocky landscape of the Costa Blanca coast, whilst maintaining traditional Mediterranean architectural traits.
The well thought out layout for easy modern day living and the glass frontage to make the most of the fabulous vistas are the 2 factors that really make this property highly desirable, or, in Tatler’s words, a “beauty”.
Click here to read the article.
Courtesy of Jack Cotton of Sotheby's International Realty
“HYANNIS — Travelers taking the Hy-Line ferry through Hyannis Harbor recently may have noticed a puzzling sign on a piling in front of a waterside home.”
To read this article in its entirety, click here.
On June 16, 2011, a former Windermere Real Estate office located in the Evergreen area of San Jose, California, led by Denise and Marvin Morris, will transition to the Intero brand. The Grand Opening Ribbon Cutting will be at 2pm.
As a Real Estate broker and owner since 1990, Denise has proudly served Santa Clara County and the surrounding areas. During this time, she managed over 100 agents and a Loan Center with 20 agents as a broker and owner of two highly ranked Century 21 Offices. As the owner and broker of the new Intero San Jose Evergreen Valley office, she is committed to her clients and the community she serves.
Denise’s mission is to build a Real Estate relationship with integrity, loyalty, honestly and hard work. She is a highly trusted Real Estate Broker in the community. She can be counted on for enthusiasm and innovative ideas to achieve to help people achieve their goals.
With currently 15 agents on board, Denise Morris along with business partner and husband, Marvin Morris, plan to grow and create an office of agents who work together as a team and who possess the qualities for success.
Intero San Jose Evergreen Valley
2230 Quimby Road
San Jose, CA 95122
About the Intero® Brand:
Founded in 2002, Intero Real Estate Services, Inc. has quickly become one of the premier real estate brands in the U.S. In 2004, Intero Franchise Services Inc. began franchising and currently is operating in many of the western states. In 2009, Intero International Franchise Services, LLC embarked on developing territories in Asia Pacific, Europe, Middle East, Africa and the Americas. The companies are private and headquartered in California's Silicon Valley. Contact: Teressa Francis +1 408 342 3010 email@example.com
Courtesy of Michael Saunders & Company
“As of May 17, 2011, there have been 6 sales on Casey Key; 4 of these I represented either the seller or the buyer. There are 3 pending sales and 46 active listings as of today.”
The sales have ranged from $3.050 million (highest sale for the year), $2.6 million (second highest), $1.75 million, to a $1 million home, all on Casey Key.
To read the article in its entirety, click here.
Courtesy of Carmel Realty Company
Peter Butler and Susan Freeland of Carmel Realty Company in Monterey County, California recently closed the highest price luxury real estate sale for 2011. They represented both the buyer and the seller in this $11,250,000 private transaction. The luxurious 11,000 square foot estate has 5 bedrooms, 6 baths and 2 half baths. Rooms include a wine cellar, media room, and game area. There is also a separate exercise room and guest quarters. Panoramic views of Carmel Bay and the Pacific Ocean truly make this residence a remarkable luxury home.
About Carmel Realty:
Established in 1913, Carmel Realty Company is the oldest real estate firm on the Monterey Peninsula. Carmel Realty has attracted a number of the market’s most successful realtors who bring global reach and experience to this unique destination community. The company focuses exclusively on high-end real estate, representing buyers and sellers typically transacting in the $2 to $20M dollar range. In addition to brokerage service, Carmel Realty is the market leader in luxury vacation rentals in Carmel-by-the Sea and Pebble Beach, managing an extraordinary portfolio of short and long-term rental homes and offering full-service luxury real estate capabilities no other firm can match. This independent, family-run business has flourished for nearly 100 years with a proven commitment to quality of service, integrity and local knowledge. The company leverages the personal insight and skill of its agents with industry-leading technology and a world-class marketing team. The company’s 20+ agents operate out of a showroom gallery on Ocean Ave in Carmel, with two more offices located in the heart of Carmel and a fourth in Carmel Valley. Get to know the Carmel Realty team at our team blog: www.carmelrealtynews.com or visit our website at www.carmelrealtycompany.com.
About Peter Butler:
Peter Butler is consistently ranked among the top producing REALTORS in the Monterey County having participated in over 250 transactions totaling over $400,000,000. Peter has developed a special emphasis on the unique and exclusive Pebble Beach marketplace while also representing numerous clients in Carmel, Carmel Valley and throughout the Monterey Peninsula.
About Susan Freeland:
Susan has lived and worked on the Monterey Peninsula since 1985, and became a licensed broker in 2001. An attorney by education, a marketing, business and finance professional by experience, Susan brings a solid mix of expertise to each client transaction. With a BA degree from Colorado College, she earned her JD degree from Monterey College of Law and is a non-practicing member of the California Bar Association. She is one of the leading agents in the Monterey Peninsula area and is highly regarded for her professional approach and client satisfaction.
Courtesy of Brian Langhorst of Luxury Real Estate
Luxury Real Estate is pleased to announce the inclusion of Premier Realty Partners in its prestigious network of fine high-end estate brokers and firms. Premier Realty Partners was selected to represent the Orlando, Lake Nona, Windermere, Lake Mary, Longwood, Baldwin Park, and Doctor Phillips, Florida areas at the invitation of Chairman/Publisher John Brian Losh. Mr. Losh extends membership invitations to brokers and firms throughout the world who consistently demonstrate expertise in the marketing of luxury properties. Currently, Who’s Who in Luxury Real Estate includes more than 1,400 members with properties in 67 countries and nearly every state in the U.S.
This exclusive group’s properties can be viewed on the network’s award-winning Web site LuxuryRealEstate.com, the most-viewed real estate Web site expressly dedicated to luxury properties. The site features more than 60,000 of the world’s finest for-sale listings with an average price of more than $2 million. According to the Web information service Google Analytics, LuxuryRealEstate.com receives more than 2.6 million unique page views per month coming in from 197 countries around the world.
Premier Realty Partners is an independently owned luxury real estate brokerage headquartered in Orlando, Florida. The boutique office is guided by longtime local real estate experts Chocky Burks, Steve Healy, and Matt Tomaszewski. Together with their highly qualified team of agents Premier Realty Partners provides real estate services for clients looking to buy, invest or sell property in Central Florida.
The 2011 edition of Who’s Who in Luxury Real Estate’s annual membership directory is available by calling Premier Realty Partners or writing to: Who’s Who in Luxury Real Estate, 2110 Western Avenue, Seattle, Washington 98121.
Carmel, CA – April 5, 2011 –Carmel Realty Company announced today that long time leading peninsula agent, Mike Canning, has joined the Carmel Realty Team. “Mike has been one of the most successful realtors focused on the high-end market in Pebble Beach and Carmel for over 25 years. He is a perfect fit with our brand and the incredible team of agents we have assembled at Carmel Realty. We benefit from Mike’s experience and vast network and he and his clients benefit from our high- touch concierge- type service” said Shelly Mitchell Lynch, of Carmel Realty.
Prior to joining Carmel Realty Company, Mike Canning was recognized by Haute Living Magazine as Sotheby’s International Realty’s number one agent for the past 11 years. Mike had previously worked alongside the owners and top agents of Carmel Realty Company at The Mitchell Group in Carmel for over 10 years. Prior to his sales career, Mike practiced law as a real estate attorney.
“Carmel Realty has established itself as the local leader in luxury real estate in Carmel, Carmel Valley and Pebble Beach. They have a great team, world-class marketing, powerful technology, a collaborative culture and an entirely fresh approach to the ever- changing real estate business,” said Canning.
I am delighted to be rejoining many old friends in the company and am particularly happy to announce my new partnership with a very capable colleague and dear friend, Lynn Brown Knoop” said Canning. Lynn is already one of Carmel Realty Company’s top producing agents. Lynn and Mike have done significant business together including a recent $18M transaction in Pebble Beach.
Joining Mike and Lynn are Tracy Brown Goodsel, Lynn’s daughter and current associate and Pat Ward, Mike’s current associate. Nancy Canning will continue in her role as creative marketing director.
About Carmel Realty Company – Established in 1913, Carmel Realty Company is the oldest real estate firm on the Monterey Peninsula. The company provides Luxury Real Estate Sales, Vacation Rental, Commercial Sales, and Property Management Services. The company’s 30+ agents operate out of 4 offices in Carmel and Carmel Valley, including 2 new flagship Real Estate galleries, one on Carmel Valley Road in Carmel Valley and the other on Ocean Ave and Dolores, in Carmel-by-the Sea.
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