Items Tagged with 'Luxury real estate'

ARTICLES

  • FT: Tech tycoons want homes that look like Google’s offices

    And they’re not interesting in remodeling
    Young multi-millionaires who made a fortune selling tech startups are changing the luxury property market, according to the Financial Times. The spectacular office designs pioneered by companies like Google and Apple have rubbed off on young buyers’ expectations of their luxury homes, the story said. “They just want to walk right into a place that looks like their office,” Nina Hatvany, a luxury property specialist with Pacific Union International, told the FT.
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  • Caroline Kennedy lists her mother's getaway on Martha's Vineyard for $65 million

    The property captures the former first lady’s “romantic and adventurous spirit,” Kennedy says
    Caroline Kennedy, the daughter of President John F. Kennedy, listed her mother’s Red Gate Farm on Martha’s Vineyard for $65 million. Jacqueline Kennedy Onassis bought the property for about $1 million in 1979, more than 15 years after the assassination of the nation’s 35th president and four years after her second husband, Aristotle Onassis, had died.
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  • President Trump's former estate in Greenwich gets a 29% price cut

    6-acre waterfront property now listed at $38.5 million
    It’s not a good time to be selling a mansion in Greenwich, even if it was once occupied by the current president of the United States. The owners have been trying to sell the 20,000-square-foot Georgian mansion since 2009 when it first hit the market at $50 million. This week, the price was slashed to $38.5 million and the listing suggests it’s an opportunity "to renovate or build new."
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  • Uncle Sam takes possession of Manafort's 5 luxury homes after judge's final ruling

    The U.S. government now owns a 10-bedroom home in the Hamptons with a putting green
    A federal judge in Washington, D.C., approved the final step Thursday in the seizure of five luxury homes owned by Paul Manafort, President Donald Trump's former campaign chairman now serving time in a northern Pennsylvania prison. Uncle Sam is now the owner of a 10-bedroom mansion in the Hamptons, with a putting green, a tennis court, and a pool.
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  • Bloomberg: Mozilo warns Republican tax changes may crash luxury home market in some coastal states

    Million-dollar homes may lose 40% of their value, Mozilo said
    Angelo Mozilo, the former CEO of Countrywide Financial, has kept a low profile since being branded the face of the mortgage crisis a decade ago. This week he gave a rare interview to Bloomberg Television to sound a warning about an impending crisis in the luxury segment of the housing market.
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  • Prices for mega-mansions in Miami Beach surge 61%

    Demand spikes as wealthy Northeast buyers flee new federal tax law
    The median price of a single-family home in the luxury segment of Miami Beach’s real estate market soared 61% in the first quarter. “I explain it by saying: Americans from the northeast are the new foreign buyers in Miami Beach,” said Jonathan Miller, president of Miller Samuel.
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  • NAR's Yun says rates will "bifurcate" spring housing market

    Cheap rates will drive the low end, while luxury segment "softens"
    Sellers of houses near or below the U.S. median price of about $250,000 are going to see strong demand in the so-called spring selling season, said Lawrence Yun, chief economist for the National Association of Realtors. The high end of the market – homes priced above $750,000 – will have a tougher time, he said.
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  • These markets are hotbeds for luxury real estate

    Report reveals top 5 "power markets" for high-net-worth buyers and sellers
    A new report by Coldwell Banker reveals where the country's wealthiest individuals are buying properties, listing the top 5 "power markets" for luxury real estate. Coldwell defines power markets as areas that offer the lifestyle amenities, education, and culture that the uber-rich seek out. Here are Coldwell's top five power markets for buyers and sellers, where you can find the greatest number of $1 million-plus homes sold.
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  • Senate Democrats call for federal investigation into money laundering in luxury real estate

    Sens. Van Hollen and Whitehouse ask GAO to look into all-cash market
    The Treasury Department’s Financial Crimes Enforcement Network has been looking into whether foreign buyers are using shell companies to buy luxury U.S. real estate in order to launder money for almost three years, but two Democratic senators want the government to do more to figure out how much criminal activity is prevalent in these deals.
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