Waiea is a masterpiece created by the world renowned architect, James K. M. Cheng in collaboration with one of America’s iconic interior designers, Tony Ingrao. In his words, James Cheng calls the penthouse “a villa in the sky.” Designed with the connoisseur of life in mind, no detail has been overlooked. This six-bedroom, six-and-one-half-bathroom residence sprawls over 8,532 square-feet and features a spectacular, over 2,000-square-foot rooftop lanai and a private, ocean-facing infinity pool.
Luxury Real Estate
$125,000,000 USD | Glen Cove, New York | Daniel Gale Sotheby’s International Realty
Salutation is an exquisite 46-plus-acre island on the North Shore of Long Island. The land was granted by King George I and purchased by Peter Caverly in 1721 for two hundred pounds. More than 10 adjacent acres were granted with “underwater” rights, valuable for fishing, clamming and boating. The tranquil 28-plus-acre pond, which flows into the Long Island Sound, is home to oyster beds and many varieties of wildlife. The fortified 700-foot sea wall, a 250-foot dock that accommodates yachts and seaplanes, and a helicopter landing spot complete this phenomenal property.
36 200 000 $ CAD | North Vancouver, British Columbia, Canada | Canada Sotheby’s International Realty
In total, this property comprises three separate titles, over 14 acres, a 9,000-square-foot custom-built West Coast home, another self-contained Guest House, working 12-stall paddock/barn, and Greenhouse. The main residence melds indigenous materials of stone, fir, and glass, spilling onto the maturely planted grounds of both native and specimen plantings, with natural and man-made water features. The homes are mechanically superior and the seamless marriage of West Coast architecture and Japanese influence create the perfect backdrop for this one and only retreat. Never before offered as one, the possibilities are endless and with RS3 zoning the future potential, this really could be the last of its kind and is truly a Lower Mainland trophy.
$16,000,000 SGD | Singapore | List Sotheby’s International Realty
This minimalistic bungalow-style home in Treasure Island’s Sentosa Cove features captivating, modern amenities such as a floating staircase, infinity edge pool with indoor access, open floorplan, and incredible views. The home also features a rooftop terrace, partially covered and ideal for entertaining.
$58,500,000 USD | Snowmass, Colorado | Aspen Snowmass Sotheby’s International Realty
Taking its name from surrounding Snowmass Mountain, Capitol Peak, Mount Daly and Mount Sopris, Four Peaks Ranch is the consummate mountain sanctuary. Once inside the gate, a world of unique splendor and beauty awaits. An outdoor paradise spreads out amongst the 876 pristine and unspoiled acres with 15 miles of alluring private trails for hiking, biking, horseback riding, four-wheeling, snowmobiling, paintball, and cross-country skiing. Moreover, a stocked pond and private beach with cabana, abundant wildlife for an exceptional private hunting experience, a chipping and putting green, and even a private labyrinth make these outdoor activities unrivaled for a personal residence of this stature.
129,000,000 د.إ AED | Dubai, United Arab Emirates | Gulf Sotheby’s International Realty
With an expansive 26,000-square-foot built-up area, this Emirates Hills villa exhibits the finest in architectural design and materials used to create a serene family home. From the moment you enter this full golf course-facing home, you feel a sense of tranquility. The oversized picture windows that are inserted into the structure, allows every room to enjoy fabulous views.
Original source on RSIR
Following a recent report by Forbes and Bert Sperling which ranked the “coolness” of the 100 largest metro cities in the country, Seattle Magazine says that having taken the second spot, “you might even say we’re the municipal equivalent of Beyoncé, expensive denim jackets and cigarettes in the ‘70s.” As the article outlines, after looking at a number of factors including “entertainment and recreation options, the food and drink scene, transit choices, population growth and where young people are living,” Forbes crowned the Emerald City the second coolest city in the nation, behind only San Francisco.
Among the factors helping Seattle’s cool factor are “recreation and the jointly weighted coffee shops and breweries.” And as Sperling observes, “a city’s desirability (or coolness, if you will) drives the housing demand up.” “It would be an anomaly if you found a place that was really really cool but was really really cheap,” he says.
To be sure, Seattle’s housing market is on fire, as the latest CoreLogic Case Shiller index reveals that over the past 12 months, home prices in Seattle have increased 13.2 percent, far outpacing those in major U.S. cities across the country. Recent analysis by William Hillis, Research Editor with Realogics Sotheby’s International Realty, reveals that despite the run-up in Seattle home prices, the city is still more affordable relative to local incomes than any of its peer metro markets. Real estate analyst Mark Hanson observed that in Seattle, the difference between household income and income needed to buy a median-priced house is about 18 percent, where a city such as San Francisco is currently at 52 percent.
Market Experts Array Pent Up Demand for In-City Homeownership; Downtown Seattle Condo Prices Surge 33%
Representatives of Realogics Sotheby’s International Realty and Burrard Group announced a major milestone in the development of the 41-story NEXUS Condominium Tower today as it begins a vertical ascent towards completion in fall 2019. With excavation now complete, SKANSKA, the general contractor for NEXUS, has poured the foundation mat, which comprised of 3,900 cubic yards of concrete and measures up to twelve feet thick.
“The entire development and construction team is excited to shift the focus from digging down to building upward and constructing this iconic tower,” said Chad Mathis, Senior Development Manager with Burrard.
After analyzing market demand, Burrard also announced a change in the final product offering. The final construction documents include a revision to the floor plates in the “third cube” between levels 28 and 35 where a larger one bedroom and den floor plan will now be built as two independent and efficiently-scaled residences called City Suites – a 484-sq. ft. studio and a 503-sq. ft. urban one bedroom. Conversely, a penthouse home assembled two units to create a 4 bedroom plus den offering nearly 3,200-sq. ft. These revisions increased NEXUS Condominiums by 8 residences to 389 units.
“We took this opportunity to optimize the product offering based on market demands,” added Mathis, who acknowledged the flexibility to assemble and disassemble floor plans.
“This design update presents an encore sales release of new homes priced from the mid-$500,000s to mid-$600,000s, a price range that was previously sold out at NEXUS,” said Dean Jones, President and CEO of Realogics Sotheby’s International Realty. “There’s a lack of attainably priced homes in downtown Seattle. Consumers can afford to live in less space but they can’t always afford the cost of new condominiums. We’re facing a condo crunch as more and more apartment dwellers desire homeownership but there are few options available in the market.”
Jones points to RSIR research showing that 78-percent of the 496 new condominiums being built in downtown Seattle are currently presold with virtually all remaining homes priced above $700,000. Consumers will find little relief in the resale marketplace as according to the NWMLS, there are only 11 homes listed for sale priced below $700,000. Meanwhile, RSIR reports the median price of resale condominiums sold in October 2017 was $649,500, an increase of 33-percent over the prior year. A preference for newer condominiums was also noted at the recently completed Insignia Condominiums. This presale development was delivered in 2015 and 2016 and experienced four resales last month – all within days of hitting the market, several escalating above asking price and exhibiting an average of 25-percent increases from presale to resale values. Market wide, S&P/Case-Shiller tracked 13.2-percent median home price increases making the Seattle metro area the fastest-rising housing market in the US for the past 12 months.
Citing pent up demand, market pundits anticipate the latest sales release at NEXUS will sell out quickly upon listing on November 18th. Recently, the Urban Land Institute heralded Seattle as the #1 investment market in the US as part of their “2018 Emerging Trends in Real Estate” report. However, the opportunity for individual home ownership has been challenging given the dearth of for-sale housing being built. Research by RSIR and O’Connor Consulting Group confirms that no new condominiums will be delivered in 2017 and it’s estimated that 94-percent of the 27,000+ new multifamily housing units to be built in downtown Seattle’s urban center for the current decade will be for rent and not for sale.
Mathis says more new condominiums are on the horizon but suspects most developers will want to retain their inventory as income property because the market is appreciating.
“Land and construction costs are rising rapidly,” claims Mathis. “The reality is future deliveries will cost more to build and developers will need to charge more to make new developments pencil.”
The June 9th print edition of the Puget Sound Business Journal revealed the list of Largest Residential Real Estate Firms in Washington, ranking Realogics Sotheby’s International Realty sixth overall, an apropos position given that it is the firm’s sixth consecutive year on the list. Ranked by 2016 residential home sales in the Puget Sound region, RSIR reported $1.07 billion in local residential sales last year. Most notably, despite being smaller than any of the brokerages in the top 5 spots at 195 agents, the boutique brokerage reported an average sales price of $767,000, higher than the average of each of the top 5 firm’s by at least $225,000.Read More
On May 3rd, Sotheby’s International Realty Affiliates LLC announced that Gates Estates in Yountville, California is the newest member of its real estate network and will now operate as Gates Estates Sotheby’s International Realty.
The firm is owned and operated by Cyndi Gates, a seasoned Napa Valley real estate professional who has been in the business since 1979. Gates Estates Sotheby’s International Realty will serve the northern Napa Valley region including Napa, Yountville, Oakville, Rutherford, St. Helena and Calistoga, California. With this addition, the Sotheby’s International Realty® network now has 115 branded offices throughout the state of California.
“Yountville is a quintessential Napa Valley town with wine country charm and gourmet dining,” said Philip White, president and chief executive officer of Sotheby’s International Realty Affiliates LLC. “The area is a blossoming luxury residential real estate market, and we are proud to welcome Gates Estates Sotheby’s International Realty to our network.”
“Having worked in Napa Valley real estate for over 35 years, I have seen the region flourish into the wine country and vacation destination it is today,” said Gates. “I established my own firm in 2009 to better serve the community I have come to know and love. As a boutique residential real estate brokerage with a concierge-style approach, our goal is to smoothly guide our clients through their real estate transactions, making their experience effortless yet memorable to develop long-term relationships. Affiliating with theSotheby’s International Realty brand will elevate our already successful business and broaden our marketing horizons, allowing us to strengthen the level of service we provide to our clients.”
Gates Estates Sotheby’s International Realty is located at 6550 Washington Street in Yountville.
The Sotheby’s International Realty network currently has more than 18,800 affiliated independent sales associates located in approximately 835 offices in 63 countries and territories worldwide. Gates Estates Sotheby’s International Realty listings will be marketed on the sothebysrealty.com global website. In addition to the referral opportunities and widened exposure generated from this source, the firm’s brokers and clients will benefit from an association with the Sotheby’s auction house and worldwide Sotheby’s International Realty marketing programs. Each office is independently owned and operated.
I am SO excited to share that my client's Glacier Peak View Home WON Home of the Week on the Puget Sound Business Journal! THANK YOU THANK YOU to all of you who voted!! You helped us get featured in the weekend print edition of the paper.
A private drive leads toward sweeping 180 degree views at Glacier Peak, perched high above the stunning Snohomish Valley. Walls of windows carry throughout the home to frame iconic Pacific Northwest vistas that complement a one-of-a-kind retreat situated across more than an acre of pristine land. Pride of ownership and meticulous care are evident from the minute the front door opens, as stunning finishes and soaring ceilings meet a striking wrought iron staircase.
Culinary creators will revel in a spacious kitchen with walls of windows and light, stainless steel appliances, and Corian countertops with effortless movement toward the formal dining room and breakfast cove. The tranquil master suite with a private bath and sitting area offers an area of respite for waking up with a morning cup of coffee or melting the day’s stress away.
With a gracious 3,363 square-foot floorplan, harmony is between indoors and outdoors is achieved, as the lower level features an office alcove accompanied by a living room and bonus area that flow out toward the backyard. Catch marvelous views of wildlife with lush green landscaping and brick patios for entertaining.
An unfinished room is ready for your vision, whether it’s a wine cellar, craft room or extra storage. A three-car garage with mudroom paired with an additional detached two-car garage offers plenty of space for the hobbyist. Feel miles away from it all yet enjoy convenient access to I-5 and Boeing Everett.