by Roberta Murphy Eve Sieminski (aka the Polish Contessa) is our guiding light for fine wine–especially for those premium wines that fit within most budgets. And that may be one of the finest luxuries of all. Eve’s latest oenophilic enthusiasm comes unedited (and I am headed to Costco tomorrow!): Hi Roberta! Here is a review of Kirkland’s Merlot. Generally I tend to shy away from any generic or name brand…
Urban Luxury Near the Beach
by Roberta Murphy When the combination of urban luxury and sandy beaches come together, we might think of high rises in Miami, Los Angeles, La Jolla or Honolulu. San Diego County now boasts a second urban and beach destination: Oceanside Terraces, the new luxury midrise residence in downtown Oceanside. We spend a great deal of time here and think we are in heaven, because we are dealing with amazed guests…
The Luxury Home Library
by Roberta Murphy Every library should try to be complete on something, if it were only the history of pinheads. —Oliver Wendell Holmes, Sr. (1809-1894) A home library, more than any room in a home, has the potential to reflect the essence of its owner. Here is a place to organize and keep those books that are both acquaintances and lifelong friends. The home library is also often where collections…
Luxury Homes: From Russia with Love
by Roberta Murphy There’s no doubt that uber-wealthy Russians love luxurious homes–and are willing to pay billions of roubles for well-placed mansions, townhomes and luxurious estates. In Moscow, where luxury buyers are enriched by petrodollars and enthused by strong consumer confidence, a young and wealthy businessman recently paid 2.5 billion roubles ($99 million) for a Moscow town home near the Kremlin. Setting a new Moscow record, this seven-story apartment boasts…
Insuring Luxury Homes
by Roberta Murphy Insuring luxury homes can be a real challenge, especially when trying to calculate replacement value for things like architectural artifacts, beloved creaking stairs or even elephant hide wallpaper. Luxury home insurance wasn’t of that much interest to me–until I read of an appraiser who tried to figure out the replacement value of elephant skin wall coverings in a Seattle manse. That appraiser, James King with the Chubb…
Luxury Foreclosures Becoming More Common
by Roberta Murphy Once upon a time, we whispered about the “F” word creeping into luxury real estate. These days, it is common real estate talk. The Wall Street Journal quotes Realty Trac reporting that the number of $1-plus million homes in some stage of foreclosure has ballooned to 7,968 between January and August this year. This compares to 4,214 during the same months last year. Within these numbers, it…
$53 Million Plaza Suite: An Attic-Like Space?
by Roberta Murphy A pair of $53.5 million New York Plaza penthouses were sold to Russian hedge-fund manager Andrei Vavilov–which would have made it the second-highest residential sale in New York City history. Andrei Vavilov, though, is one very upset buyer. He and his wife, Russian actress Maryana Tsaregradskaya, are outraged with low 9 foot ceilings, an unexpected and massive column in the living room, and an exterior drainage grate…
The Luxury of the Zolo Torrontes
by Eve Sieminski As summer hurls to a close, I had to review one of the best white wines I have ever sipped. I stumbled upon the Zolo Torrontes one day at our local Costco. What caught my eye was the markdown. The week prior this wine was $8.99 a bottle–and now was only $4.97! Even at that price I was skeptical, because I am not a fan of South…
Trash Journalism: US Weekly
by Roberta Murphy Luxury Home Digest is neutral politically and generally focuses on luxury homes and real estate issues. But with a journalism background, there are several things I abhor–including mean-spirited personal attacks, hackers, shoddy reporting, and abuse of publishing power. Not that we expect great things from grocery store rags like US Weekly, National Enquirer and Star Magazines, but I think we expect more from the glossy mags than the cheapie newsrags. …
Real Estate Market Bottom and a Radical Resolution
This is a continuation of last week’s discussion with real estate and luxury home legend Bob Dyson, who has a radical proposal that is being quickly embraced by Realtors, lenders and local Real Estate Boards. Why resort to radical resolutions? Because, says Dyson “This is a real estate depression–a serious, serious issue.” He sees an immediate need to stabilize real estate markets and neighborhood values. He also believes the motgage…
