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Most expensive apartment in Manhattan goes for $88 million
What price would you guess for the most expensive house in Manhattan? In case of Russian billionaire Dmitry Rybolovlev, it is $88 million, as this is the price at which he bought the house. The 6,744 sq ft apartment with 10-room gives pretty views of Central Park, Manhattan. The pad also sports a “2,077 sq ft wrap-around terrace, seven walk-in closets and a den with its own bar”.
In the year 2008, he got hold of Donald Trump’s 33,000 sq ft Maison L’Amitie for $95 million. This purchase knocks off the record $53million that J. Christopher Flowers paid for the Harkness Mansion in 2006.The property has been sold by Citigroup CEO Sandy Weill and his wife Joan, who paid $42.4million for the property. The sale proceeds will go for charity.
Rent Oprah’s Chicago Home
According to TooFab.com, Chicago is a place where Oprah owns a number of properties and is letting you rent this 4,600-square-foot home for $15,000 a month. Oprah bought this palatial abode in 2006 for $5.6 million and just never ended up moving into it she supposedly prefers her condo downtown to this property.
The master suite alone is 1,241 square feet and contains his and her bathrooms. The three-bedroom, three-bathroom Windy City rental also boasts 10-foot ceilings, two fireplaces, a library, solarium, butler’s pantry, wine room, a grand foyer, state-of-the-art custom kitchen, and stunning views of the Chicago Harbor.
Luxury Property Demand Outstrips Supply in London & Manhattan
According to real-estate broker Savills Plc, the number of London houses and apartments that sold for more than 5 million pounds rose 31 percent to 262 in the nine months through September. Over in Manhattan, the supply of apartments for sale over 5 million dollars, reached the lowest level for an October since 2007. As Shari Scharfer-Rollins, SVP at the Corcoran Group brokerage puts it: “Inventory is down and demand is up.”
Christie’s recent State of the International Luxury Market report suggested that scarcity of property was driving up luxury real estate prices, particularly in top cities such as London, Paris, Hong Kong, New York and Beverley Hills. The report also went on to muse that sellers worldwide have adapted to a new reality in luxury housing and are beginning to accept that their residence is not going to command the same price that it might have in 2007.
The 1 billion pound development is home to apartments ranging from £7 “” £136 million pounds each, which are according to Mr. Candy, attracting interest from buyer’s currently experiencing instability in home markets. We have a lot of viewings going on from any country that has got economic or political turmoil.
Property agency Knight Frank recently revealed research suggesting that Chinese buyers benefited from a 24 percent purchasing power discount based on the Yuan-sterling forex rate between the peak of the prime London housing market in March 2008 and October 2011.
Chinese luxury home buyers were said to be leading a legion of “cash-rich non-UK investors” in search of up market London homes, with demand driven by currency exchange rates that produce discounts of up to a quarter on purchase prices. A similar tale unfolds across the pond in Manhattan, as Ms. Scharfer-Rollins confirms: “The dollar is weak and I think foreign buyers find that they can get more in New York City as an investment than they used to be able to.”
SoHo Apartment Rental
Located in lower Manhattan, this five-story, furnished apartment is an extraordinarily creative multiple-use luxury rental property. Although it is listed as an apartment, its innovative floor plan elevates the converted SoHo art gallery to a level of uniqueness that makes it fitting for various purposes.
The apartment is available to rent monthly at $100,000. The building, is large enough to accommodate up to 350 people, is also available on at $50,000 weekly and $20,000 daily. The building is known in entertainment circles, as singer/actress Beyonce Knowles used it to shoot the music video for her song, Halo, in 2008.
There is a 13,000-square-foot apartment with three bedrooms and three-plus bathrooms set on the top three stories. Both an elevator and staircases run from top to bottom. Ceilings throughout the loft-like townhouse are high, with a 19-foot ceiling on the first floor and 20-foot ceilings throughout the residence.
The property’s first floor has an industrial chef’s kitchen and a cavernous main room with a motorized movie screen and a wood-burning fireplace. The second floor has a master suite with a sitting room, a steam shower, and a spa tub. The third floor has a living room, a laundry room, two bedrooms, and a 925-square-foot terrace. There also is a patio, access to a private roof, and a full basement.
16 Virginia Beach Condos goes under hammer
If we talk about total condominiums at the Residences at the Westin Virginia Beach Town Centre, they are 17 in number. But according to a development company Armada Hoffler, the remaining 16 will be auctioned in the month of November.
Real estate auctioneers Accelerated Marketing Partners will oversee the auctioning of the luxury properties. The 16 single-family residences, including three penthouses, eight two-bedroom and five one-bedroom units, are in the tallest tower in the state of Virginia.
One-bedroom floor plans range from 780 up to 1,455 square feet; and the two-bedroom condos have 1,607 to 2,458 square feet of living space. One of the penthouses, which range in space from 2,207 up to 2,739 square feet, had a most recent asking price of $1.7 million. The minimum bid amount for the penthouse units is $640,000 to $795,000.
According to Lou Haddad, CEO and president of Armada Hoffler, after much consideration, they have decided that a developer close-out sale is the best way to maximize the value of the remaining inventory as well as the investment of the existing homeowners.
The Residences at the Westin Virginia Beach Town Center is an integral part of the Virginia Beach Town Center, which continues to thrive as a major destination for cultural, entertainment, shopping and dining experiences in the Mid-Atlantic region. When sales began in 2007 for The Residences at the Westin Virginia Beach Town Center, we quickly sold out more than two-thirds of the homes.
The mixed used luxury estate is actually located on the top 21 floors of Virginia’s tallest building, which rises more than 500 feet over the Virginia Beach Town Center. There are 119 deluxe condominiums in the building. Owners of condominiums have full access to the resort’s amenities. The auction takes place at the Westin Virginia Beach Town Center on November 13, 2011.
Eco-friendly homes by Living Homes
People all over the globe are turning to things that are eco-friendly. The recent trend being eco-friendly homes. These homes definitely leave a lasting impression being totally stylish and well-equipped. The green homes are sold at hefty prices ranging from $3.4 million up to $135 million.
But the sad news is that the craze of environment friendly homes is limited only in certain parts of the United States like South California. Living Homes, a new development firm which builds estates that have no carbon, water, waste or energy emission is entering the market with self-sustainable houses. The firm has even received the LEED certificates, which is the Leadership in Energy and Environmental Design. This certification is issued by US Green Building Council. So if you are planning to buy a new house and you want to go the eco-friendly way then go ahead. But as always there might just be a financial constraint.
Skyline Residence by Belzberg Architects
Belzberg Architects is a group of young designers guided by the experiences and curiosity of Hagy Belzberg. They designed the Skyline Residence which is located atop a ridgeline in the Hollywood Hills of Los Angeles, California.
The project consists of a main house and a guest house. Both buildings are enclosed by a single folded surface with infill glazing and screened walls. Each room has at least one fully glazed wall. The fold itself represents the only solid exterior surfaces defining the form of the building. The guest house is separate from the main house. The environmental friendly sensitive Skyline Residence in the Hollywood Hills under a limited budget with the use of local manufactured materials and sustainable techniques gives a fresh look to luxury homes.
Get a Lamborghini Gallardo free with a South of Fifth residence!!!
Luxury homes and their picturesque views but the South of Fifth residence has something more than all this. Situated on a serene oceanfront parcel in South Beach’s red-hot south of Fifth Street neighborhood, South of Fifth is an unprecedented, luxurious, courtyard-style development that offers 28 flow-through and oceanfront residences out of which only 7 are vacant now. The designer-ready residences include private elevators and innovative smart living platforms as well open-air kitchens with Ego Design by Carlo Colombo cabinetry, Wolfe gas cook tops, and premium Miele and SubZero finishes. Bathrooms offer a choice of the rich, dramatic hues of Wenge wood or the muted, clean, aesthetic of limed oak, with Jerusalem stone and white glass tile.
I know all this may sound similar to any other lavish house. So the great news is that South of Fifth developer Michael Samuel, and Lamborghini Miami owner, Brett David have joined forces to create the ultimate indulgence. With only seven of the 28 elite, oceanfront residences available, purchasers of the remaining South of Fifth units will drive away in a new, $260,000 Lamborghini Gallardo Spyder.
Fosters + Partners plans to construct twin towers in Paris
Seems like Paris-the city of lights, will have one more tourist spot to add on its list. Fosters + Partners reveals plans for Western Europe’s tallest mixed-use towers which will be located in the La Defense area of the city.
The two 324m tall towers will be part of a mixed-use development called Hermitage Plaza. The towers will accommodate a luxury hotel, panoramic spa, apartments, offices, serviced apartments and shops. According to Norman Foster, “A light catching addition to the Paris skyline, the development will also provide a public piazza that leads down to the river’s edge to create a new destination for the city.’ Construction on site is due to start in 2010 and finish by 2014.
An entire village in Hampshire
When we talk about the upper-stratum of the society it’s useless to mention if one or two houses are for sale. Guys if you have the moolah then why not invest it wisely by buying some huge property. An entire village, complete with a cricket club, a blacksmiths and a manor house is to go on sale next week for up to 25 million pounds.
The village, Linkenholt near Andover in Hampshire boasts of amazing natural beauty and the lucky or rather wealthy buyer will land up with the 22 houses, the village shop, a commercial shoot, 1,500 acres of prime farm land and 450 acres of woodland. The village right now belongs to the Herbert and Peter Blagrave Charitable Trust and the only thing that does not belong to the charity and so is not for sale is the 12th-century St Peter’s Church. David Cath, who acted as chairman of the Linkenholt public meeting, said there was concern over the sale and that locals wanted the village to remain as pleasant and harmonious as it is now.
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