LRE on Tour – 4/29/2022

The Door is Open

Enjoy this exclusive access to virtually tour exceptional homes from around the world listed by members of Who’s Who in Luxury Real Estate. 

Telluride, CO USA

Immerse yourself in a world of waterfalls, iconic jagged peaks, and preeminent views in an architectural marvel. The flawless mountain modern design ensures every space is functional and inspiring just a mile from Telluride.

Presented by: Anna Wilson, Telluride Properties $12,000,000  

 

St. Helena, CA USA

Magical wine country estate next to Meadowood Resort just 5 minutes from downtown St. Helena, this enchanting gated estate offers resort-like living on 12.13 acres in a timeless California style home. 

Presented by: Olivia Hsu Decker, Golden Gate Sotheby’s International Realty $11,888,000  

 

Chatham, MA USA

Turn key saltwater front home with extensive catwalk and dock on Stage Island with commanding 180 degree views over Stage Harbor. This beautifully renovated Cape Cod home offers walls of glass with an open floor plan.

Presented by: Pine Acres Realty, Inc. $8,500,000  

 

Victor, MT USA

A mountain hideaway nestled in a blanket of pine trees at the edge of the Selway Bitterroot Wilderness, Bear Creek Lodge is home to endless wildlife and features 8 themed rooms, private owners’ quarters and a barn to enjoy. 

Presented by: Crystal Ault, Glacier Sotheby’s International Realty $6,700,000  

 

Rochester, MI USA

Beyond the gated entrance of Orchard Ridge, this impressive custom estate designed by Tringali, provides luxurious living. This prestigious home is ideal for hosting gatherings of friends and family on any scale.

Presented by: Cindy Kahn, Hall & Hunter Realtors $5,200,000  

 

Puerto Vallarta, Jalisco Mexico

Situated on perhaps the most important site in the exclusive gated community of El Paredon is the Castillo del Mar estate. Enjoy the expansive views of the Bay of Banderas while taking advantage of the immense open floor plan. 

Presented by: Wayne Franklin, Tropicasa Realty $3,950,000  

 

Göteborg, Västra Götalands län Sweden

Situated high above the city with panoramic views and a timelessly modern design this spectacular home was inspired by functionalism and a noticeably international form.

Presented by: Bjurfors 37,000,000 SEK  

 

St. Augustine, FL USA

Spectacular Victorian early 20th century renovated waterfront estate with guest house, pool and dock on St. Augustine’s historic bayfront. A one-of-a-kind turn key property in downtown St. Augustine.

Presented by: Michael H Curet, Ponte Vedra Club Realty $3,500,000  

 

Naples, FL USA

Relax bayside and watch the dolphins, sail out to the sea from your private boat dock or walk across to your secluded beach entrance and bask in the sun by the sea in this exquisitely designed condo in Vanderbilt Beach.

Presented by: Christina Fischer PA, CNE, Downing-Frye Realty, Inc $3,000,111  

 

Elgin, SC USA

Situated on nearly 2 acres, Woodcreek Estate is a waterfront mansion located in a gated Tom Fazio designed golf course community. Experience resort style living on 200 ft of sun drenched shoreline complete with private dock. 

Presented by: Yip Premier Real Estate, LLC $2,225,000 

CEO Reflections: Finding Gold

Malcom Gladwell writes about the concept of perseverance and not giving up just before you “tip” into the success you’ve worked toward. The junk man who bought the miner’s equipment instinctively knew this and took up the project with the help of an expert who calculated where the vein of gold likely ran. The junk man struck it rich just three feet away from where the original miner had given up.

Being a home buyer in 2022 is much like being that miner. Keep at it and don’t quit three feet from gold. Perseverance is key, patience is paramount and the help of an expert who knows the landscape is invaluable.

How are our Colorado real estate experts at Kentwood Real Estate are helping their clients?

Read the full article over at the Kentwood Real Estate blog >

Mediterranean-Inspired Oceanfront Estate in Vero Beach, FL USA

Courtesy of Matilde G. Sorensen of Dale Sorensen Real Estate

VERO BEACH, FL USA – Exceptional Mediterranean-inspired oceanfront estate on 1.25 acres with 135 ft of pristine shoreline. Italian marble flooring in living area. Lanai and 2nd-floor balcony with amazing ocean views. Kitchen overlooks ocean view dining. Stunning custom woodwork throughout. 1,475 AC sq ft bonus room below grade. New tile roof. Privacy with proximity to town. Size approximate and subject to error.

For more information, please contact Matilde G. Sorensen at 772.532.0010, msorensen@sorensenrealestate.com or sorensenrealestate.com

Getting the Best Real Estate Advice in Today’s Market

An Expert Advisor Will Give You the Best Advice in Today’s Market

 

Having an experienced guide coaching you through the process of buying or selling a home is important in a normal market – but today’s market is far from normal. As a result, an expert real estate advisor isn’t just good to have by your side, they’re essential.

Today’s housing market is full of extremes. Experts project mortgage rates will continue to rise this year, and that’s driving significant demand for homes as buyers want to make their purchases before rates climb even higher. At the same time, an absence of sellers is leading to record-low housing inventory. This imbalance in supply and demand is creating bidding wars and driving home price appreciation as well as considerable gains in home equity.

These market conditions can feel overwhelming, but you don’t have to go at it alone. Having a trusted expert to coach you through the process of buying or selling a home gives you clarity and confidence through each step.

Here are just a few of the ways a real estate expert is invaluable:

Contracts – Agents help with the disclosures and contracts necessary in today’s heavily regulated environment.

Experience – In an unprecedented market, experience is crucial. Real estate professionals know the entire sales process, including how it’s changed over the past two years.

Negotiations – Your real estate advisor acts as a buffer in negotiations with all parties throughout the entire transaction and advocates for your best interests.

Education – Knowledge is power in today’s market, and your advisor will simply and effectively explain market conditions and translate what they mean for you.

Pricing – Finally, a real estate professional understands today’s real estate values when setting the price of your home or helping you make an offer to purchase one.

A real estate agent is a crucial guide through this unprecedented market, but not all agents are created equal. A true expert can carefully walk you through the whole real estate process, look out for your unique needs, and advise you on the best ways to achieve success. Finding an expert real estate advisor – not just any agent – should be your top priority when you’re ready to buy or sell a home.

What’s the key to choosing the right expert?

It starts with trust. You’ll want to know you can trust the advice they’re giving you, so you need to make sure you’re connected with a true professional. No one can provide perfect advice because it’s impossible to know exactly what’s going to happen at every turn – especially in today’s unique market. But a true professional can give you the best possible advice based on the information and situation at hand. They’ll help you make the necessary adjustments along the way, advocate for you throughout the process, and coach you on the essential knowledge you need to make confident decisions. 

Bottom Line

It’s critical to have an expert on your side who’s well versed in navigating today’s rapidly changing market. If you’re planning to buy or sell a home this year, let’s connect so you have a real estate professional on your side to give you the best advice and guide you along the way.

Equestrian-homes

Buying into the Equestrian Lifestyle

Owning an equestrian estate is a dream for any passionate horse enthusiast but investing in such a property is much more than just a purchase, it’s a way of life. And while the love for the animal drives the lifestyle, maintaining an equestrian property, even a small one, requires a lot of research and even more know-how. 

Whether you’re a seasoned stableman or a casual rider, the convenience and luxury of having your horse on your doorstep has endless appeal. However, horse properties are more than a house with an adjoining field – from land size to stable size, there are many things to consider before buying one of these properties.

What to Look for in an Equestrian Home

As with any luxury real estate purchase, finding the perfect equestrian property requires a lot of research. When searching for the perfect equestrian estate, horse owners should always begin with location. Many of these properties are located in areas known as “horse country,” exclusive areas where dozens of facilities have been constructed specifically to raise and train horses of all types. Ideally, there should be equine dentists, veterinarians, tack and feed supply stores, and riding trails nearby.

Equally important as location is ensuring the property has ample space and the existing structures in place needed for your horses to thrive. A well-built and properly insulated barn along with a tack room and sufficient storage space are all essential features to look out for.

Situated on over 400 acres of breathtaking land in the rolling foothills of North Georgia,  this fully-renovated, historic farmhouse built in 1895 has all of this and more. Complete with an 8-stall barn with over 2000 square feet of living space above it, this luxurious horse ranch has been meticulously planned out with great attention to detail. Not only does the barn itself have everything necessary to properly house horses, but it even has a kitchen, an elegant living area, and has a loft area that can sleep 20+ people.

812 Tolemac Lane, Jasper, GA 30143

However, in rare circumstances, you don’t always have to compromise city living for the equine lifestyle. Whether your job, friends, or family keep you close to the city, it can become time consuming and cumbersome to commute to the exurbs for quality time with your horses. 
 
An extraordinary opportunity exists with this 7.5-acre ITP estate that enjoys a city-centric location, but also has a 3-stall barn and pasture for an urban equestrian lifestyle. Originally built in 1936, this home has been immaculately maintained to include modern features without losing the historic charm. Constructed with solid granite walls and 9-foot ceilings, this three story Sandy Springs Equestrian Estate is a once-in-a-lifetime find.


4867 Northland Drive, Atlanta, GA 30342

Home Design Elements

Beyond barns, location, and necessary acreage, what any luxury homebuyer is ultimately looking for is a home that is as equally luxurious as the property they’re purchasing. This luxury lakefront estate nestled in the North Georgia mountains between Blairsville and Blue Ridge is a perfect example. While the 65-acre property boasts a five-stall barn, a massive riding arena, sprawling fenced-in pastures, and even a boat dock on the lake, the “mane” attraction is the home itself. The 6-bedroom, French Country mansion features an elegant spiral staircase, a banquet dining room, an elevator, and a massive great room fit for entertaining large events.

335 Bella Lago Cove, Blairsville, GA 30512

A Smart Investment

Despite challenges caused by the pandemic, the equestrian industry has witnessed significant growth in recent years. In a market with demand continuing to greatly outweigh supply, equestrian properties are becoming increasingly scarce. With land prices skyrocketing and housing supply low, many developers have chosen to divide up some of these properties, turning the once expansive pastures into suburban communities. Examples of this can be seen in our own backyard in areas like Alpharetta, GA, which was once a burgeoning equine community until Atlanta’s sprawl reached the town nearly 25 miles away.

As equestrian properties fall into such a niche market, these homes remain in high demand, making them a smart investment for anyone looking to diversify their real estate portfolio. For those seeking privacy and vast properties with plenty of room for expansion, remarkable estates like this Blue Ridge farmhouse provide exactly that. Offering stunning year-round views of the Cohutta Mountains and 35+ acres of rolling green pastures, this incredible home is the perfect investment for anyone searching for a beautiful country home to add to their landholdings.


4238 Mobile Road, McCaysville, GA 30555

Finding a property with equestrian infrastructure is no small feat; it often requires searching through hundreds of listings and driving miles upon miles along rural back roads. A knowledgeable real estate professional who understands the needs of today’s modern horse enthusiast is invaluable in helping buyers find the perfect home. Whether you’re looking for a sprawling ranch estate in the country or an urban oasis in the city, contact a Harry Norman REALTOR® today to help you get your equine adventures out of the starting gate.

Properties Featured:

THE HIDDEN GEM in Jupiter, Florida!

 

OUTSTANDING IN OCEAN TRAIL! 
2 Bedroom, 2 Bathroom

Ocean Trail Building 5 is the Hidden Gem of the Ocean Trail community, nestled between water to the west, its own lake, and Carlin Park to the south. The building interior walk-ways are open to a central fountain and verdant atrium reminiscent of classic hotel resorts.

This fully renovated corner unit has a bright proper foyer that leads to the open living concept – living room, kitchen and dining area. Each bedroom has walk-in closets with much more storage throughout. Ocean views can be seen from every main living area and master bedroom.

Take a virtual tour of the home and find out more:
https://bit.ly/3AhUJe5

Contact Andrew Levy for information!
Phone: 561.891.9262
Email: Andrew@EchoFineProperties.com

Economic Update For The Year Ending December 31, 2021

Stock Markets had another stellar year in 2021 – While the world did not return to normal from the full effects of the pandemic it did come a long way from the complete shutdown in 2020. A full economic reopening, trillions of dollars in stimulus, and historically low-interest rates buoyed stocks to record levels. For example, the S&P hit 70 record highs this year marking the most record-high closings in 25 years! At the same time COVID-19 cases had two surges during the year, the world suffered a supply shortage due to factory closings during the pandemic, there was a labor shortage as the labor participation rate (the number of working-age people working or looking for work) dropped to historic low levels, and inflation rose to the highest levels since 1982. After many years of historic rises in stock prices, we will see if inflation and higher interest rates impact stock markets in 2022 or if we have another year of dramatic gains.  The Dow Jones Industrial Average ended the year at 36,338.30, up 18.7% from 30,606.48 at the close of 2020. The S&P 500 closed the year at 4,766.18, up 26.9% from 3,756.07 at the end of 2020. The NASDAQ closed at 15,644.97, up 21.4% from 12,888.28 on December 31, 2020. 

U.S. Treasury Bond Yields rise to pre-pandemic levels in 2021 – The 10-year U.S. treasury bond yield closed the year at 1.52%, up from 0.93% On December 31, 2020. The 30-year treasury yield ended the year at 1.90%, up from 1.65% on Dec. 31, 2020. 

Mortgage Rates finished the year higher than the all-time low levels due to the pandemic but still near historic low levels – December 30, 2021, Freddie Mac Primary Mortgage Survey reported that the 30 year fixed rate mortgage average was 3.11%, up from 2.67% on December 28, 2020. The 15-year fixed was 2.33%, up from 2.17% last December.  The 5-year ARM was 2.41%, down from 2.71% at the close of 2020. 

For the month ending December 31, 2021

The Dow Jones Industrial Average closed the month at 36,338.30, up 5.4% from 34,483.72 at the end of September. It is up 12.7% year-to-date. The S&P 500 closed the month at 4,766.18, down 4.4% from 4,567.00 last month. It is up 21.6% year-to-date. The Nasdaq closed the month at 15,644.97, up 2.1% from 15,537.69 last month. It is up 20.6% year-to-date.

U.S. Treasury bond yields – The 10-year treasury bond closed the month yielding 1.52%, up from 1.43% last month. The 30-year treasury bond yield ended the month at 1.90%, up from 1.78% last month. We watch bond yields because mortgage rates often follow treasury bond yields. 

Mortgage rates – The December 30, 2021, Freddie Mac Primary Mortgage Survey reported mortgage rates for the most popular loan products as follows: The 30-year fixed mortgage rate was 3.11%, almost unchanged from 3.10% last month. The 15-year fixed was 2.33%, down from 2.42% last month. The 5-year ARM was 2.41%, down from 2.47% last month. 

For the week ending January 1, 2022

 Stock Markets – On Wednesday the S&P 500 hit its 70th record high of the year before declining on Thursday and Friday. This was due to the rapid pace of the spread and hospitalizations in the latest surge of COVID-19. The Dow Jones Industrial Average closed the week at 36,338.30, up 1.1% from 35,950.56 last week. It is up 18.7% year-to-date. The S&P 500 closed the week at 4,766.18, up 0.9% from 4,725.79 last week. It is up 26.9% year-to-date. The NASDAQ closed the week at 15,644.97, down 0.1% from 15,653.37 last week. It is up 21.4% year-to-date.

U.S. Treasury bond yields – The 10-year treasury bond closed the week yielding 1.52%, almost unchanged from 1.50% last week. The 30-year treasury bond yield ended the week at 1.90%, also almost unchanged from 1.91% last week. We watch bond yields because mortgage rates often follow treasury bond yields. 

Mortgage rates – The December 30, 2021, Freddie Mac Primary Mortgage Survey reported mortgage rates for the most popular loan products as follows: The 30-year fixed mortgage rate was 3.11%, up from 3.05% last week. The 15-year fixed was 2.33% up slightly from 2.30% last week. The 5-year ARM was 2.41%, up from 2.37% last week. 

U.S. employers added 210,000 jobs in November – The Department of Labor and Statics reported that 210,000 new jobs were added in November. It was the fewest monthly number of jobs added this year and less than half of the 500,000 new jobs economists’ expected. Average hourly wages rose 4.8% year-over-year. The labor-force participation rate (the share of workers with a job or actively looking for a job) increased two-tenths of one percent from October’s level to  61.8%. It remains sharply below the 63.6% level before the pandemic. The unemployment rate was 4.2% in November, down from 6.7% in November of 2020. The December unemployment report will be released on Friday, January 7, 2022.

U.S. Existing-home sales jump again in November – The National Association of Realtors reported that existing-home sales increased 1.9% in November from the number of sales in October. That marked three consecutive months in month-over-month increases in sales at a time of year when the number of sales would usually decrease. Year-over-year sales were down 2% from one year ago. The median price paid for a home in the United States was $353,900, up 13.3% from $310,800 last November. There have been 117 straight months of year-over-year increases in home prices, the longest-running streak on record. The number of homes for sale was 13.9% below the number of homes for sale in November of 2020. There was a 2.1-month supply of homes available for sale, down from a 2.5 month supply last November. First-time buyers accounted for 26% of all sales. Investors and second-home buyers accounted for 15% of the sales. 24% of the sales were all-cash purchases.

 Foreclosures and short sales accounted for less than 1% of the sales. Existing-home sales include single-family, condominiums, townhouses, and co-ops.

November California existing-home sales – The California Association of Realtors reported that existing-home sales totaled 454,450 on a seasonally adjusted annualized rate in November. That marked a month-over-month increase of 4.7% over the seasonally annualized rate of 434,170 in October. Year-to-date sales are up 10.6% from the same period last year. The median price paid for an existing home in November was $782,440, up 11.9% from last November when the median price was $698,980 There was a 1.6-month supply of homes for sale in November, down from a 1.9 month supply of homes for sale one year ago. 

Below are regional figures. 

 

On The Market: 10525 Versailles Boulevard, Wellington, FL 33449

 

Say WOW in Wellington!
5 Bedroom, 6/1 Bathroom

Situated on a prime lakefront lot with about 100ft of shoreline is a thoughtfully & extensively renovated estate home with a movie theatre and expansive loft, boasting quality finishes throughout.

Incredible upgrades include travertine & Brazilian Walnut flooring, recessed lighting & chandeliers, recessed Bose speakers, & more.
Outside you’ll find a built in BBQ center and a cedar pergola and trellis that opens up to a parterre garden and sweeping lake views with lighted fountains that provide tranquility from morning until evening.
Behind the manned gates of Versailles you’ll find luxurious amenities including a resort style pool, a children’s pool and playground, a fitness center, tennis courts, billiards, & basketball.

Find out more: https://bit.ly/3yWCx9c
Contact Lauren Walton for information!
Phone: 561.420.3535
Email: LaurenW@EchoFineProperties.com

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