Luxury Real Estate

By Robert Lockard

Nick Antonicello, Director of Sales for Unique Homes, pointed out an interesting story to me last week in the Los Angeles Times Blog. You might have already heard about it, but I just want to put in my two cents about the whole affair.

Peter Viles, Senior Producer for Real Estate at LATimes.com, wrote in his blog entry that Donald Trump, possibly the best-known real-estate developer in the world, is seeking to buy Ed McMahon’s mansion to save him from foreclosure.

In an even more bizarre turn of events, Mr. Trump now might be having some competition for buying Mr. McMahon’s luxury home. That’s according to a new blog post today by Ann Brenoff, author of the Los Angeles Times’ weekly “Hot Property” feature.

As Mr. Spock would say, “Fascinating.”

To be honest, I’m not sure what to make of this story. I mean, Mr. McMahon certainly seems like a good man who simply let his finances get out of control until he went from delivering oversized million-dollar checks to being unable to pay for his multimillion-dollar luxury property. His story just seems remarkable and bitterly ironic.

Since he went public with his mortgage troubles, it appears that Mr. McMahon will now be able to make it through this difficult experience fairly well. Competing offers on a house that’s about to be short sold is pretty impressive, I think.

I guess, in the end, my point is: Is this justice? I mean, not everyone can be helped like this. Is Ed McMahon’s celebrity status the main reason why he is receiving this attention and assistance? I’m uncertain of the answer to these questions. I hate to see anyone suffer, but is some suffering just while other suffering should be alleviated, and how do we judge that?

I believe that life is generally good, although it is difficult and filled with perils. Mr. McMahon seems to have had a very good life, gaining much more success and fame than most people will ever know. I feel bad that he is facing failure near the end of his life, but perhaps that is a lesson he needed to learn. I am sure we all must face failure and seek to succeed afterwards. Hopefully we will learn to be better people in the process.


Editor’s Note:
Robert Lockard is the Public Relations & Media Specialist with LuxuryRealEstate.com. I am Robert. I create all of Luxury Real Estate’s newsletters, write the editorials in LuxuryRealEstate.com Magazine and much more. I was really tempted to call this blog entry “Wake up with the King” Luckily, I refrained. You can share your blog entries on the Luxury Real Estate Blog by emailing them to me. By the way, ordinarily I would link to the two blog entries above via their TrackBack links, but they don’t appear to be working, so I just used their regular links. The photo of Mr. Spock is from www.flickr.com/photos/cultureculte/2306916969 and it is the copyright of culture.culte.

By Andrew Harper

Many people have a list of places they’d like to visit before they move on to the next world; here are a few American suggestions of my own.

For conversation’s sake, I have avoided the obvious targets, but a stroll across the Golden Gate Bridge or a trip up the Empire State Building is still definitely worth it.

Though we are lucky to live in a beautiful country, I have focused on smaller, man-made locales, simply because a catalog of pretty American places could stretch on forever.

This list is admittedly subjective, but it comes from 30 years of professional wandering. Some places are more well-known than others, but all share a sense of tranquility and wonder.

And since I review small boutique hotels for a living, I have included nearby recommended places to stay. Happy travels!

Madison Valley, Montana

Montana’s Madison Valley, which runs between the Madison and Gallatin ranges down to West Yellowstone, is magnificent Lewis and Clark territory. This is unspoiled land, vast and uncompromising – everything you hope Big Sky Country will look like. Harper Recommended Hotel: The Lodge at Sun Ranch.

San Francisco de Asis Church, Ranchos de Taos

Famously painted by Georgia O’Keefe and described by her as “one of the most beautiful buildings left in the United States by the early Spaniards,” this handsome adobe mission a few miles outside of Taos Pueblo yokes together a staggering five centuries of American history. Harper Recommended Hotel: Casa de las Chimeneas, Taos.

Whaling Museum, Nantucket

At its whaling peak during the first half of the 19th century, the small island of Nantucket had 88 ships scattered across the oceans. The Whaling Museum is wonderfully evocative of this era (plenty of scrimshaw and rusty harpoons), and out-of-season Nantucket Town, with its Greek Revival mansions and cobblestone streets, is equally enchanting. Harper Recommended Hotel: The Wauwinet.

Battery District, Charleston

The historic Battery District of Charleston, South Carolina, home to dozens of stately antebellum mansions, is one of the prettiest American neighborhoods I’ve ever explored. Follow the promenade along the shores of the Charleston peninsula; Fort Sumter, where the first shots of the Civil War were fired, sits broodingly across the Cooper River. Harper Recommended Hotel: Planters Inn.

Isabella Stewart Gardner Museum, Boston

Housed in a charming Venetian-style palazzo, this gem of a gallery displays works by Rembrandt, Michelangelo, Whistler and Sargent. It’s small enough to tour in an hour or so, and you can spend the rest of your time enjoying the sunny, flower-filled courtyard. And if your name happens to be Isabella, you get in free. Harper Recommended Hotel: XV Beacon.

The Four Seasons Restaurant, New York

If you had to choose only one restaurant in New York City to visit, the Four Seasons Restaurant would be the one. The city’s prettiest dining room was designed by architects Mies van der Rohe and Philip Johnson, and astutely hasn’t been touched since its introduction in 1959. The Pool Room is a study in muted sophistication, despite some of the outsized egos at the tables. Harper Recommended Hotel: The Lowell.

The Rothko Chapel, Houston

This small, non-denominational chapel located just off the Menil gallery in Houston’s Museum District seems unassuming at first, but spend some time surrounded by the 14 mysterious paintings by Mark Rothko, and it may start sinking into your skin. Harper Recommended Hotel: St. Regis.

The Huntington Gardens, San Marino, California

Mr. Huntington did quite well in railroads, and he’s left us with a wonderful afternoon escape just outside of Los Angeles. After admiring some of the spoils of his industry – a Gutenberg Bible, a Shakespeare folio, Thomas Gainsborough’s “The Blue Boy” – venture out into the superb botanical gardens, home to dozens of unique environments: an almost eerily authentic Japanese garden, a lily pond straight out of a Monet painting, and an entrancing collection of cacti. Harper Recommended Hotel: Hotel Bel-Air.

Robie House (Frank Lloyd Wright), Chicago

The Robie House, the world’s first modern home, was designed in 1908 by architect Frank Lloyd Wright, and still seems startlingly contemporary 100 years later; with its broad horizontal lines and sleek art glass windows, it looks like a modernist yacht. Wright himself showed up to protest the planned demolition of the house (it was to be replaced by a seminary dormitory) at the ripe old age of 90. Harper Recommended Hotel: Four Seasons.

The Oregon Coast

Highway 101 along the Oregon Coast swerves through 360 miles of jagged cliffs, rocky outcrops, sweeping dunes and temperate rain forests. The coastline lacks deep harbors, so there are no large cities here – just old logging towns, fishing villages and the occasional artist colony. And the entire coast is public land, which makes for excellent picnic opportunities in rugged and remote spaces. Harper Recommended Hotel: The Stephanie Inn, Cannon Beach.


Editor’s Note:
For more information on this company, contact Margaret Temple, the Business Development Manager at Andrew Harper in Austin, Texas. Andrew Harper is an exclusive partner with Luxury Real Estate. This is some great advice for travelers seeking great deals. For more than a quarter century, Andrew Harper has explored the world as an incognito traveler. Always paying his own way, his unbiased reviews of the finest hotels, villas, yachts, restaurants and culturally authentic travel experiences are legendary. Through a variety of media, complemented by highly personalized travel planning services, members of Andrew Harper’s luxury travel club enjoy the resources to dream, plan and realize an unparalleled level of globetrotting. This blog entry is chock full of great information, just like Andrew Harper’s previous blog entry. Be sure to keep checking back at the Luxury Real Estate Blog for scoops like this!

By Robert Lockard

There are so many fun one-liners I could use to sum up this story, it’s hard to pick just one. I’ll go ahead and try this one: Elvis has left the building, and now that building can be yours! Yeah, that’ll work.

Elvis Presley’s “Graceland West” estate in Palm Springs, Calif. is now for sale. Talk about a house with some history, this two-acre estate, nestled in the foothills of the San Jacinto Mountains, is where Elvis (the king of Rock and Roll) lived for almost eight years, recorded eight songs in the living room in 1973 and spent his last birthday. He died on Aug. 16, 1977 at the age of 42.

The seller of the estate is being represented by Honey Brooks of Pacific Union GMAC Real Estate, a member of Luxury Real Estate in the San Francisco Bay Area. If you’d like more information about this historic luxury property, email Honey Brooks or call her at 415.435.2585. You can also read much more about this property in a news release by Karen Monroe on LuxuryRealEstate.com.

By the way, whenever I think of Elvis Presley, the first thing that comes into my mind is the scene from “Top Secret” (1984), one of the funniest movies I’ve ever seen, where Val Kilmer sings his hilarious rendition of Elvis’ famous song “Are you Lonesome Tonight?” Thanks to the magic of YouTube, you can watch Val Kilmer’s version and Elvis’ original below. Toward the end of his parody of the song, Val Kilmer sings so well that it’s hard to distinguish him from the king!






Editor’s Note:
Robert Lockard is the Public Relations & Media Specialist with LuxuryRealEstate.com. I am Robert. I create all of Luxury Real Estate’s newsletters, write the editorials in LuxuryRealEstate.com Magazine and much more. I was really tempted to call this blog entry “Wake up with the King” Luckily, I refrained. You can share your blog entries on the Luxury Real Estate Blog by emailing them to me. The Elvis Presley portrait is from www.flickr.com/photos/bootbearwdc/2491351807 and it is the copyright of dbking.

By Jim Walberg
From his blog: Cayman Islands Fractionals Are Some Of The BEST In The World!

“The Waterford” on Grand Cayman is setting a new standard of excellence with Caribbean fractional ownership!

You know that I am not only a fan of fractional ownership in the Caribbean, it has been the hottest real estate purchase options for the past year. I have let you know about the opportunities in the Cayman Islands in the past, but what is unfolding at The Waterford on Grand Cayman continues to evolve into one of the top luxury properties in paradise. Grand Cayman is the ultra-chic island in the Caymans. It has the international shopping, high-end nightlife, along with the traditional Cayman-style homes and a rich Caribbean history. George Town is the on Grand Cayman and it is the capital of the Cayman Islands. George Town is also the fifth largest financial center in the world!
 

Grand Cayman luxury real estate is some of the most valuable and prestigious you can find in the tropics. The Waterford Private Residence Club is Grand Cayman’s newest oceanfront luxury resort at Safe Haven overlooking the islands North Sound with breathtaking views of Rum Point. The Waterford is offering purchasers of an oceanfront villa for $1,700,000 US – pre-construction! They are also offering 1/8 fractional ownerships starting at $329,000 US – re-construction! The end result will be one of the most amazing turnkey, fully furnished, luxury properties in the Caribbean!

You will not believe all the luxurious amenities that are available for you and your guests. Here are a few of them so your imagination can run wild for a moment or two:
- Use of a car during your stay – Land Rover, Mercedes, Audi or BMW
- Boat privileges - a Boston Whaler complete with your very own captain!
- Private jet services are available for booking a direct flight to Grand Cayman!
- Golf and tennis club membership!
- The Waterford Spa – a 5,000 square-foot, full-service spa and fitness center!
- Two sprawling crystal blue pools right along the sandy beachfront!
- The Waterford Cigar Room – one of my favorites!
- An unmatched 24-hour concierge, maid and valet services.
- How about a pre-arrival grocery shopping service? Your kitchen will be stocked!

Are you getting the picture? The Waterford is creating an unforgettable experience for each of their owners. From the moment you arrive until the moment you depart, you will experience the most pampered lifestyle I have ever seen, right in the heart of paradise - the Caribbean! Your staff of professionals is on call every day to make sure that ALL of your needs are met! An added feature is that The Waterford staff speaks English, Spanish, French and Italian.

With its prime location on Grand Cayman, The Waterford provides its owners the ultimate Cayman Islands real estate opportunity by combining the advantages of ownership with five-star amenities and luxury resort services. All of the residences have breathtaking oceanfront views, elegant furnishings, and luxury amenities and services beyond any of your expectations! If you have ever dreamed of owning your own luxurious vacation villa in the Caribbean then you may want to seriously consider The Waterford Private Residence Club on Grand Cayman. Contact me TODAY for the next steps to take in order to find out how easy it is to secure your spot in paradise. Until next time… your Caribbean lifestyle detective remains on duty!


Editor’s Note:
Jim Walberg is the co-Broker/Owner of The Bay Area Team, the most-successful team at Keller Williams Realty-Danville. He is also a member of the global LuxuryRealEstate.com network. Jim is an exceptional blogger, as you can see by visiting his blog, Caribbean Islands Realty and reading great blog entries like the one above. He is the master of fractionals and other luxury homes in the Caribbean, and he always has a lot of great opportunities to share. Excellent!

By Jean-Yves Piton

While luxury properties are part of the conspicuous consumption group, unlike several other goods, their proposed premium prices are not a function of the premium brands they are attached to. Instead, factors such as location, amenities, space, architecture and historical value justify their premium prices around the world.

So, what type of luxury homes would you acquire in major metropolitan cites worldwide for $1 million USD in 2008?

According to “What $1 Million Buys in Homes Worldwide” by Matt Woosley, Friday, January 11, 2008, provided by Forbes.com, in New York, you can expect a 647-square-foot Turtle Bay condo with 45-square-foot balcony, white oak floors, and 11-and-a-half-foot ceilings. In London, you can purchase a one-bedroom, one-bathroom flat in Primrose Gardens. In Hong Kong, you can acquire a three-bedroom, 825-square-foot apartment in a high-rise between the residential areas of Aberdeen and Pokfulam.

While $1 million USD grants an invitation to the millionaire's club, it clearly does not buy the most spacious and astonishing luxury property in most top metropolitan cities worldwide in 2008. Based on the figures discussed earlier, such properties might just work as a pied-a-terre during a business trip or a short vacation.



This also explains why more buyers are currently opting for luxury fractional ownership, the trend ahead. This being said, keep in mind that this rapidly increasing trend applies to everything luxury in 2008 (from designer handbags to the finest properties).

So, how do you market a luxury fractional property? Evidently, it is easy to assume the same way you would promote a luxurious property. Partly due to the traditional premium variables like location, amenities, space, architecture and historical value. Also, though a fractional ownership, you could insist on the long-term investment, just as for any other luxurious property.

Nevertheless, there is another element, which must not be omitted to successfully advertise a luxury fractional property. That is promoting the dream to potential buyers and investors. There must be a fine balance of both emotional and rational communications to connect potential buyers to the properties through careful advertising. Where the rational communication focuses on owning a luxurious property (one of a kind), promoting the dream (the emotional communication) helps foster a sense of emotional connection (a state of being and/or sense of being).


Editor’s Note:
Jean-Yves Piton is the Global Services Membership Manager for LuxuryRealEstate.com. He assists Bente Madtsen, the Director of Global Services, in expanding the LuxuryRealEstate.com brand into even more countries around the world. Fractional ownership is a great tool for vacationers and other people looking for flexibility and great investment opportunities. I actually wrote an editorial on Private Residence Clubs, also known as fractionals, in the spring 2008 issue of LuxuryRealEstate.com Magazine. Check it out! The photos of the front and back of the “$1 million” bill are the copyright of Simon Davison.

By Janice Ridge

An historic luxury home has come on the market in Piedmont, Calif., USA. Listed at $3.5 million by Prudential California Realty Fine Homes Specialist and Top-Producing Broker Vickie Robinson, the house is the very oldest house built in the community of Piedmont. It’s located in an enclave of homes in the Oakland Hills known for its excellent public school system, its small-town atmosphere, low crime rate and desirable views of the entire Bay Area.

How old is old? Well that depends. In Piedmont, that is 130 years old or 130 years new, depending on your perspective. Built in 1878, the home is old by Bay Area standards, where the average “older” home was built in the 1920s. This is a vintage luxury home that needs a lot of TLC, so for the price, what you get is a historically significant property in a central Piedmont location with all the amenities that Piedmont has to offer. What you don’t get is a remodeled kitchen and bathrooms!

For more information on this little piece of Piedmont history, contact Vickie Robinson at vickie.robinson at prurealty.com or call her at 510-703-8207.


Editor’s Note:
As the Director of Membership & Relocation at LuxuryRealEstate.com, and herself a licensed REALTOR®, Janice Ridge is devoted to coordinating the efforts of all of the LuxuryRealEstate.com membership and Account Managers, so that each of our members is given superior service. This is a great luxury home for sale. Thanks for pointing it out, Janice! I’d like to know more about this home’s history, like who lived in it, what famous events it’s been through and things like that. Old things fascinate me.

By Jim Walberg

From his blog: The Bahama Fractionals Are Still One Of The Top Five Hot Spots In Paradise!

Even though The Bahamas are not the Caribbean, most people still think they are! And…they are one of the easiest islands to get to from the U.S.

You remember one of my last articles about The Bahamas and how they are rated one of the Top Five islands in Paradise. Well, the outer island of Exuma in The Bahamas may be the top pick to check out for fractional ownership today. One of my latest articles was about the challenge that will show up in September to travel to the Caribbean because of the cutbacks of American and Continental Airlines. Well, The Bahamas, Bermuda, Cayman Islands, Belize, and The Turks & Caicos will not be affected by these flight cutbacks because of all the direct flights from the U.S., Canada, and Europe that don’t go through San Juan, Puerto Rico. Plus, the ownership of property is even more advantageous because of the favorable tax haven of these islands nations.

The reason why I am featuring the island of Exuma as an option for fractional ownership is because of what is being offered at the February Point Resort. They have fractional ownership opportunities starting at $350,000 and up for a month or more of a second home in Paradise. The specific aspect of February Point that I want you to know about is the fractional-ownership opportunities in BIG villas; 4 bedrooms; 4 baths; 3,400 square feet with air conditioning; 2,100+ square feet of verandas around the villa; an infinity pool; and 360-degree views of The Bahamas. Plus, the villa has a dock on the azure blue water! Are you ready for this? It also includes an SUV; a 26-foot power boat; a BIG golf cart; membership in The Club at Emerald Bay, which includes the use of a Greg Norman-designed oceanfront golf course; and you can have access to over 150 properties all over the world to visit through the Resort To Resort membership!

And…there are still a few aspects of fractional ownership to pay attention to. The fractional model at February Point is designed to have each owner purchase specific sections of the year. The first one in gets the prime times. So, if you own a piece of February and you want to visit in August you will need to work that out with the other owners or the management company. Also, how do you manage your personal possessions that you want to enjoy when you are at your fractional-ownership villa? There are storage facilities available, and the management company unpacks your stuff before you arrive. But you only have a limited amount of “stuff” to pack into your storage space, so you definitely know your piece of Paradise is not just yours.

What do I know? But I believe that there is still an upside appreciation waiting for those that jump into the fractional-ownership opportunities at February Point! Great Exuma is linked by a narrow bridge to Little Exuma, which used to be a “Caribbean” backwater. Today it still has fewer than 4,000 inhabitants, but all that is changing. With February Point’s oceanfront settings, the luxury amenities of the resort, the furnishings that come with the fractional ownership of the villas, and the tax advantages of The Bahamas, it is a very appealing option for those wanting to own a piece of Paradise. Until next time…your Caribbean detective remains on duty!


Editor’s Note:
Jim Walberg is the co-Broker/Owner of The Bay Area Team, the most-successful team at Keller Williams Realty-Danville. He is also a member of the global LuxuryRealEstate.com network. Jim is an exceptional blogger, as you can see by visiting his blog, Caribbean Islands Realty and reading great blog entries like the one above. Jim’s contributions to the Luxury Real Estate Blog are simply amazing and we are always happy to hear his expert insights. Feel free to submit your blog entries and comments to the Luxury Real Estate Blog.

By Jean-Yves Piton

Are you presently offering “green” luxury homes to your clients?

With the growing concern for global warming and the depletion of energy, there is an ever-rising enthusiasm for eco-friendly alternatives worldwide.

Clearly, both energy efficient products and organic goods are in high demand with rapidly increasing market shares vis-à-vis other traditional and commercial goods.

For instance, in the automotive industry, Toyota clearly sets the tone vis-à-vis other car manufacturers by pursuing the very successful, environmentally friendly niche market with its world-renowned hybrid vehicle, the Toyota Prius.

Are you embracing the emerging interest in green real estate and responding to the specific needs of a nature-conscious and educated client base?

According to www.whatgreenhome.com, eco-developers and eco-brokers offer green properties with sought-after features like zero-carbon, zero-waste, sustainable water, local and sustainable building materials and sustainable transport at premium prices around the globe.

Just recently, new green luxury properties are also automatically delivered with a Toyota Prius in the garage at a minimum cost of $2 million USD!

The trend is here! And it will keep on growing as governments around the planet are rethinking policies for nature-friendly communities.


Editor’s Note:
Jean-Yves Piton is the Global Services Membership Manager for LuxuryRealEstate.com. He assists Bente Madtsen, the Director of Global Services, in expanding the LuxuryRealEstate.com brand into even more countries around the world. I’m actually writing an editorial for the winter 2009 issue of LuxuryRealEstate.com Magazine on “green” luxury homes. Jean-Yves brings up some good points in this blog entry. It’s always nice to save money on energy, especially since energy prices are quite high at the moment. I’d like to make one point, though. In the spirit of healthy debate, I would like to offer the following link to the 2008 International Conference on Climate Change. I highly recommend listening to these scientists. They have strong evidence that human activity accounts for just a small fraction of global warming, and reducing our carbon emissions will likely have little, if any, effect on the well-being of our planet while costing far too much money. The photo of the green apartment is from www.flickr.com/photos/papalars/375415219 and it is the copyright of papalars.

By Janice Ridge

There are studies that indicate that both buyers and their agents are attracted to online listings that include photos. In fact, when I am searching MLS for a property for a client, I won’t even look at a listing that doesn’t have photos! And I am a real-estate professional! Truth is, most MLS photos are not that good. That’s why most real estate professionals go directly to the agent’s website to see better photos. I imagine the online consumer does, too.

In general, you would think that with the huge marketing opportunity of presenting photos online the quality would be better, but it isn’t. At LuxuryRealEstate.com, we are committed to making our photos stand out. I think we do a great job, don’t you?

But what I want to know is this: Does anyone know of any studies that show that videos on the Internet help to sell real estate? Is this something in which LuxuryRealEstate.com should invest for our members’ listings? Or are you as happy as I am with the quality of the online photos on LuxuryRealEstate.com?


Editor’s Note:
As the Director of Membership & Relocation at LuxuryRealEstate.com, and herself a licensed REALTOR®, Janice Ridge is devoted to coordinating the efforts of all of the LuxuryRealEstate.com membership and Account Managers, so that each of our members is given superior service. Photos are essential for advertising luxury homes for sale, whether in print or online media. I can’t think of a better photographer than Ilya Moshenskiy, the Principal Photographer of Ilya’s Photography. He is one of the finest luxury photographers in the business, and he can bring out the most amazing qualities in your homes. Jim Walberg recently gave some wonderful praise for Ilya’s fine photography. The photo above is an example of Ilya’s work and it is copyright of Ilya’s Photography.

By Robert Lockard

On Friday, June 13, 2008, Ewing & Clark, Inc. closed on the sale of a Lake Washington waterfront home in Seattle for $13,300,000, marking the second-highest Seattle real-estate sale in the past eight years. John Brian Losh, Betsy Terry and Jane Powers were the listing agents of the property. This home includes 6,000 square feet of living space, a tennis court and boathouse on a 20,000-square-foot lot with 146 feet of shoreline.

In February, they closed on a home at 1620 Washington Blvd. on Lake Washington for $15,800,000. These are the second- and third-highest sales in Seattle history and the two highest sales in Seattle in eight years. Congratulations!


Editor’s Note:
Robert Lockard is the Public Relations & Media Specialist with LuxuryRealEstate.com. I am Robert. I create all of Luxury Real Estate’s newsletters, write the editorials in LuxuryRealEstate.com Magazine and much more. Ewing & Clark is a member of the Board of Regents.