Luxury listings come and go–but are interesting to review as time goes by (and some of the homes are re-listed for sale).
by Roberta Murphy If real estate investors are looking for blood in the streets, they had better be wearing galoshes. Even the books of venerable luxury builder Toll Brothers, America’s largest luxury builder of tract homes, are in the red. For the first time in 21 years, the company is suffering its first quarterly loss (Oct. 31) in the amount of $81.8 million. Much of this loss can be attributed to…
by Scott Murphy Many top executives at large investment banking firms will be depositing some jumbo bonuses by the end of this month. Despite an overall bonus decrease of 10% due to months of multibillion-dollar bank write-downs and a spreading credit crisis, many will be pocketing some still-sizeable sums. Depending on which firm they work for and the position held, bonuses can range anywhere from up to $2 million to…
by Roberta Murphy Sometimes you walk into a home, sense both timeless soul and serenity–and can’t help but smile. We recently listed such an estate in the beautiful hills of Vista, California. Its current and original owners are a spirited and beautiful international opera singer and her dashing husband, a retired professor of art. With loving attention to detail, it seems nothing was missed in the completion of this luxurious…
by Roberta Murphy $50 million is the new $30 million, says Glenn Roberts over at the Inman News Blog–especially when it comes to high end luxury homes. Citing a 2007 Mid-Year Luxury Report by Stribling Private Brokerage, Roberts explains how just a few years ago, even a rumor of a $30 million real estate sale in Manhattan would create big buzz. But since the sale of a $53 million property…
by Eric Murphy We follow luxury listings throughout the world, and when a home listed above $50 million hits the market, it’s NEWS by any stretch of the imagination. And San Diego is just the latest to break that barrier. Priced at $76 Million, this circa 1937 oceanfront Del Mar trophy estate sits on nearly 5.5 singular acres. The two story home has nine bedrooms and six-and-a-half bathrooms and ocean…
by Roberta Murphy This may arguably be the most expensive and tallest private residence ever built. Indias wealthiest man, Mukesh Ambani, 50, is slated to begin construction of a billion dollar glass and steel skyscraper home in Mumbai City, the financial capital of India. The 27 story building will be designed to house his family of six and staff of 600, with six floors dedicated to the storage and parking…
by Roberta Murphy The Butler is back in demand-and in short supply. The worlds growing number of plutocrats with their enormous mansions and expansive lifestyles are actively seeking household managers to oversee the care of their luxury homes and lifestyles. These enormous residences require ongoing care, along with coordination of property and grounds service providers ranging from pool service technicians, to dog groomers and trainers, to maids, gardeners and arborists….
Once in awhile a property comes along that will take your breath away. And that was the precise intent of an owner who had no budget, no restraint andNo Fear.You see, that visionary owner was Mark Simo, co-founder and CEO of NO FEAR and Spy Optics in Carlsbad, California as well as the TransWorld Business website that launched in 2005. Mark Simo sold this La Costa estate several years ago…
by Roberta Murphy It was a developers mistake that should have never happened. Sometime around 1970, the developers of the original La Costa Resort and Spa allowed for the construction and sale of two 48 unit condominium buildings inside what would eventually come to be known as œthe gates of La Costa. These two buildings are the first to be seen by anyone approaching the resort from its main entrance….
by Roberta Murphy Peering into the future, it is nice to imagine a home that is smart in every sense–and inviting to all. Sunset Magazine and Popular Science recently team-conceived the Idea House, the House of Innovation , in Alamo, California. This intelligent $5 + million smart home provides a trajectory of design and technologies that will end up in homes of tomorrow. It is loaded with sustainable materials and…
