Luxury Home Sales Hit by New Tax Laws?

Tax Laws and Luxury Home Sales
June 7, 2018

by Roberta Murphy Realtors in California were groaning when the new tax laws hit this year. Luxury home sales were sure to crash and burn. You see, the new tax code puts a limit on how much one can deduct in state and local property taxes–as well as income or sales tax–up to a measly total of $10,000. So when new tax laws went into effect, high profile experts were…

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Most Expensive Rental in the U.S.

Beverly House is most expensive rental in U.S
March 10, 2013

by Roberta Murphy–At $600,000 per month, the Beverly Mansion in Beverly Hills, is most likely contender for most expensive luxury rental in the nation.  And it’s got an interesting history as well. It was in the Beverly Mansion that the infamous horse-head-in-bed scene was filmed for The Godfather. John F. Kennedy and his bride honeymooned in the Beverly Mansion. Kevin Costner and Whitney Houston filmed scenes for The Bodyguard here. Marion…

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Glowing Rocks for Luxury Homes

December 7, 2012

by Roberta Murphy Leave it to Italian designers to create the ultimate in luxury rocks for sexy lightscaping around the home. These remarkable lighted rocks by Oluce look as if they might have been swiped from the lawn of a distant planet. In reality, though, they were created by Italian designers Marta Laudani and Marco Romanelli with Massimo Noceto. Made from weather-tested polyethelene, these lighted Oluce stones glow with the…

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Luxury Homes: From Russia with Love

home staging
October 1, 2008

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…

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7 Bargaining Tips for Luxury Home Buyers

luxury home bargaining tips
August 11, 2008

by Roberta Murphy Good Bargaining Tips for the Luxury Home Buyer If this is the worst real estate market (for sellers) in recent history, then surely it creates some of the best luxury bargains of a lifetime as well. We are seeing smart money aggressively buying in our San Diego real estate market, and hear reports of the same elsewhere. The properties are being bought as fix-and-flippers or are being…

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Rooms and More Rooms in Luxury Homes

Rooms for outdoor entertaining
December 17, 2007

by Roberta Murphy What kinds of rooms might go into a luxury home? The possibilities are as varied as lifestyles. I recall a luxurious mansion in Houston’s lovely River Oaks that had, in addition to every other conceivable room, a luggage room. It was a sensible space that accommodated the traveling owner’s large collection of leather suitcases, trunks and garment bags. When a trip was planned, the butler would retrieve…

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21st Century Clocks

World Clock
November 30, 2007

by Roberta Murphy Thompson This futuristic clock doesn’t necessarily belong in the luxury home discussion, but it certainly provides some interesting global details: Abortions are far more prevalent than marriages. There are more divorces than HIV infections. Bicycle production still far exceeds auto production. Bicycle production also outpasses the manufacture of computers. Respiratory disease is far more prevalent than STD/HIV and AIDS. Suicides are more common than violent deaths. And…

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Kirk Kerkorian Heading from the Hills

by Roberta Murphy Speaking of gossip. Legendary Kirk Kerkorian has just cut the $25 million asking price of his 30 acre Beverly Hills mansion to a reasonable $18 million, after it has languished on the market for nearly a year. His lovely gated estate boasts a Mediterranean-styled main home, two guest cottages, two pools, two tennis courts, a putting green and lots of room for expansion. The Wall Street Journal…

January 29, 2007
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