Turks & Caicos: Paradise Found

From the pages of RESIDE® | Luxury Homes and Lifestyles Around the World | Spring 2014 Caribbean Edition

For much of its history, the beaches of Turks and Caicos were the sands less traveled. Until, that is, Club Med opened a resort in the early 1980s and put the archipelago on a trajectory as a rising star of posh Caribbean beach destinations.

Turks and Caicos, located 550 miles southeast of Miami, is made up of 40 different islands. Only a handful are inhabited. Providenciales, or Provo, is its tropi-cosmopolitan cultural capital. A quick 10-15 minute flight or easy boat ride connects Provo to most of its sister isles.

Babalua Beachfront_Turks and Caicos

$5,690,000 USD | Turks and Caicos Islands | Turks & Caicos Sotheby’s International Realty

Tourism fuels the economy, a sector that continues to grow at a healthy pace. Last year, the country saw a 10 percent jump in visitors–most of them Americans–owing to a bump in discretionary spending and an increase in air service. From most major U.S. East Coast cities, TCI is a direct flight of three hours or less.

Beachfront Parrot Cay_Turks and Caicos

$9,000,000 USD | Turks and Caicos Islands | Turks & Caicos Sotheby’s International Realty

When visitors come, the daydream of living an endless summer begins. The luxury real estate market is a resilient one, “poised for greater growth,” says Joe Zahm of Turks & Caicos Sotheby’s International Realty. Infrastructure projects such as the expansion of the Providenciales International Airport, balanced by a commitment to sustainable development is bolstering the confidence of prospective buyers. Another incentive? The islands are a “zero tax” jurisdiction. No property tax, income tax or capital gains taxes. A one-time stamp duty is paid at the time of purchase and based on the home’s price.

Beachfront Blue Mountain_Turks and Caicos

$6,000,000 USD | Turks and Caicos Islands | Turks & Caicos Sotheby’s International Realty

But real estate is as much an investment in one’s lifestyle as it is in one’s portfolio. In TCI, that lifestyle is one of flip-flop luxe in a destination that has one of the Caribbean’s highest standards of living. Credit a barrier reef–the world’s third largest–for some of the most brilliant waters and stunning coastlines anywhere. Its beaches are routinely voted among the best in the world. Vacation homeowners count bonefishing in saltwater flats, snorkeling the warm, calm waters and dining under thatched-roof palapas among everyday pleasures.

Thompson Cove_Turks and Caicos

$5,950,000 USD | Turks and Caicos Islands | Turks & Caicos Sotheby’s International Realty

Condominiums outsell private villas two to one, according to Zahm. Many developments offer owners the option to put units in the rental pool when not in use. Prices for luxury properties range between $1.5-$5 million, although trophy residences have sold for upwards of $10 million. Most are on Provo, in popular locations like Grace Bay. Those seeking quieter hideaways are finding their slice of paradise in Provo’s other coastal spots or on other islands like prestigious Parrot Cay, a favorite of A-listers. There is every degree of tropic fantasy in Turks and Caicos including the ultimate, the opportunity to buy one’s own private island.

Article provided by Iyna Caruso exclusively for Sotheby’s International Realty®.

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Mountain Living | A River of Dreams

From the pages of RESIDE® | Luxury Homes and Lifestyles Around the World | Summer 2014 Mountain Edition

Disciples know fly fishing transcends mere sport. It is an act of immersion and communion, a form of rejuvenation and rumination. No wonder buyers who have achieved a higher station in life are so often drawn to fishing and properties that deliver it.

Jackson Hole_Wyoming_River

$9,950,000 USD | Jackson Hole, Wyoming | Jackson Hole Sotheby’s International Realty

Great trout fishing exists across the country, but the Rocky Mountain region offers a rarified combination of majestic rivers, breathtaking scenery and cultural destinations. Ed Liebzeit, President and COO of Jackson Hole Sotheby’s International Realty in Wyoming, says the ultimate standard for fishing properties, primarily along the Snake River, is “live water” access—essentially to own a section of the shore and thus the privilege of walking into the river from your home. Such listings, however, are rare.

“Even at premium prices,” he notes, “there aren’t a lot of properties that have direct river or creek frontage.” They begin around $2.5 million for land and can exceed $10 million for parcels with homes. “When they (go on the market)”, Liebzeit says, “they create a lot of excitement.”

Steamboat Springs_Colorado_River

$24,250,000 USD | Steamboat Springs, Colorado | Steamboat Sotheby’s International Realty

Some of Colorado’s best trout fishing is found near Steamboat Springs on the Yampa and Elk Rivers, which Cam Boyd, Broker/Owner of Steamboat Sotheby’s International Realty, says are exceptionally well fed throughout the spring and summer due to the region’s large annual snowpack. Properties here range from smaller estates to prestige ranches hundreds of acres in size.

“Colorado is also different than many states,” Boyd points out, “because you own the property underneath the river. So the river is private property that others can’t trespass upon.” This means additional privacy, and also the ability for owners to arrange boulders to create “custom” pools, holes and feeding areas that attract fish.


$5,250,000 USD | Ketchum, Idaho | Sun Valley Sotheby’s International Realty

Many of the premier fishing estates near Sun Valley, Idaho, are located along a designated 12-mile catch-and-release section of the Big Wood River. But Gary Vinagre, Associate Broker at Sun Valley Sotheby’s International Realty, says that experienced anglers—and savvy property owners—know that smaller creeks and feeder springs can be equally fertile water.  Continue Reading >

Article provided by Derek Duncan exclusively for Sotheby’s International Realty®.

Untapped Treasures: Impressive Wine Cellars

From the pages of RESIDE® | Luxury Homes and Lifestyles Around the World | Spring 2014 Master Edition

Wine cellars aren’t rooms. They’re destinations. Less than three percent of affluent homes in the U.S. have wine cellars, but don’t call them status symbols. Cellars are the bastions of wine enthusiasts who love the ritual of it.  The selection, the uncorking, that first sip of the bottle.

An extraordinary wine cellar says a lot about its owner, says Ginger Martin of Sotheby’s International Realty Wine-Country Brokerage in Sonoma, Calif. “It suggests a lifestyle with an appreciation for the finer things.” In some regions, they’re not just a nice-to-have. They’re a requisite. “With so many fabulous, world-renowned wineries just minutes away, having a proper place to store your favorite varietals is priceless. A wine cellar is just an absolute must,” Martin says.

Alessandria_Italy_Wine Cellar

2.500.000 €  EUR| Alessandria, Italy | Milan Sotheby’s International Realty

Tenuta Costa Rossa (red coast estate), immersed in the pristine peace of 23 acres of land, nestled among the gentle hills of Monferrato, is a great union between farm and luxury residence. An exclusive amenity is represented by the INFERNOT, a cellar entirely carved in the stone, housing precious bottles of wine (those produced during the best years) in its niches. It is accessible from the ancient cellar entirely built with bricks from Monferrato clay.

Water Mill_New York_Wine Cellar

$69,000,000 USD | Water Mill, New York | Sotheby’s International Realty- Southampton Brokerage

Villa Maria is a private and magnificent waterfront estate with stately gardens and glorious views of Mecox Bay. At 22,000 sq. ft., it has 11 bedrooms including a 6-room beautifully appointed master suite, a handmade stone and wrought iron staircase, a 60 foot living room with original fresco details a state of the art kitchen and a wine cellar. All principal rooms are brilliantly sunny and take advantage of the panoramic water views. The outdoor spaces feature a grand 2-story portico and a large stone terrace overlooking the wide lawn and bay. There is a waterside pool, pool cabana, tennis court and a charming two-bedroom guesthouse.

Woody Creek_Colorado_Wine Cellar

$20,000,000 USD | Woody Creek, Colorado| Aspen Snowmass Sotheby’s International Realty

Enjoy incredible privacy from this classic Colorado style custom home on over 16 acres of beautifully manicured grounds with a pond, reflecting pools, recirculating water feature, meadows of wildflowers, covered patio with wood-burning fireplace, and amazing views. Amenities found throughout the 11,645 square foot home include 5 bedrooms with private master and guest master suites, 5 full baths, 3 half baths, gourmet kitchen with breakfast nook and butler’s pantry, formal dining room, recreation room with billiards and wet bar, comfortable theater, generous wine room, fully equipped exercise room, vaulted ceilings with exposed wood beams, multiple fireplaces, hardwood floors, and an enormous 1,559 square foot four car garage.

Hillsborough_California_Wine Cellar

$23,888,000 USD | Hillsborough, California | Today Sotheby’s International Realty

From the opulent music room, to the lovely Otis lift, to the incredible hand-mill work throughout the residence, no detail was overlooked in the restoration of the Tobin Clark Estate. Nestled in the gentle hills overlooking San Francisco Bay, one feels, upon entering through classic wrought-iron gates, a sense of having entered another world. Driving past the Guardhouse and up the dramatic cobble into the privacy of the magnificent grounds, one sees the expansive motor court and its beautiful fountain at center. The mansion includes 12 bedrooms, 12 full baths and 3 half baths, four kitchens, 12 fireplaces, luxurious master quarters, a handsome Bar Room, paneled Card Room, Wine Vault, Exercise Room, huge Recreation/Media Room and in-ground pool.

Browse our digital magazine featuring wine cellars >

Spring 2014 RESIDE Magazine

The Spring 2014 issues of RESIDE® magazine have arrived!  In this season’s editions, we explore the home wine cellar. Once a purely functional area, today’s wine cellars are destinations, the ultimate trophy for wine connoisseurs seeking a distinctive lifestyle. Whether you enjoy a glass of wine on occasion or are a serious collector, everyone can appreciate the wine cellars featured in this issue, which span the globe.

Click the cover images below to read the digital versions of the magazines or visit your local Sotheby’s International Realty office to pick up a printed copy.

RESIDE Master Edition | Spring 2014

RESIDE Master Edition | Spring 2014

RESIDE Spring 2014 Asia Edition

RESIDE Spring 2014 Northeast Edition

RESIDE Spring 2014 California Edition

RESIDE Spring 2014 Caribbean Edition


New Orleans: Revitalized and Vibrant

From the pages of RESIDE® | Luxury Homes and Lifestyles Around the World | Fall 2013 Master Edition

New Orleans is a swirl of old world, multi-world charm, a distinctly American city incorporating far-flung cultures from France to the Caribbean that somehow channels the 18th, 19th and 20th centuries all at once. As New Orleans has had to rebuild and restore itself in the last eight years, it’s also managed to reinvent itself as a city of the 21st century, too.

luxury homes for sale new orleans

$910,000 USD | New Orleans, Louisiana | Dorian Bennett Sotheby’s International Realty

According to Dorian Bennett, Owner of Dorian Bennett Sotheby’s International Realty in the Marigny District, billions of dollars are being invested throughout the city, most noticeably in the form of new medical facilities. “We’ve got all kinds of development going on,” he says. “You can see these huge hospital projects in full swing in the Mid City area, and it’s just an amazing sight.” Funded by a variety of sources including federal and local governments, universities and private companies, such influxes of capital are helping to attract new businesses and stimulate economies on the neighborhood level.

luxury houses for sale new orleans

$3,000,000 USD | New Orleans, Louisiana | Sotheby’s International Realty

“That’s another thing you notice over the last five years—how many new restaurants and hotels have popped up,” Bennett says. It may be hard to imagine the cuisine here getting much better, but it is, he says, as younger generations of chefs and restaurateurs are inventing ways to showcase anew the region’s already legendary culinary pantry.

While some of New Orleans’ revitalization is hard to miss, others are less conspicuous. “The fun thing about New Orleans is that there are always changes and modifications, but you won’t spot them,” Bennett says. New construction must fit within the city’s historic architectural framework, and since Katrina, building requirements have become both more protective and more forward-looking. Continuing Reading >

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Article provided by Derek Duncan exclusively for Sotheby’s International Realty®.

Newport, Rhode Island: Beauty Built on History

From the pages of RESIDE® | Luxury Homes and Lifestyles Around the World | Fall 2013 Master Edition

Building stunning estates is something the industrialists and tycoons of the late 19th century did as well as make money. One of the Northeast’s most prominent and concentrated collections of Gilded Age mansions (or “cottages”—more irony—as they’re known here) is in Newport, Rhode Island, where a who’s-who of the nation’s wealthiest families congregated for portions of their summers giving Newport the lasting moniker of “America’s First Resort.”

newport rhode island mansions for sale

$3,350,000 USD | Newport, Rhode Island | Gustave White Sotheby’s International Realty

Newport remains a vibrant resort and destination with an envious array of arts and music festivals; a world-class boating and naval culture; historical landmarks, inns and tours; and attractions like the International Tennis Hall of Fame. Families of all demographics—no longer just the cultured elite—continue to make excursions here, even if the celebrations feature slightly less marble, lace and diamonds.

But drive down Bellevue Avenue or the western side of Aquidneck Island, past the processions of entry gates and immense lawns and manors that stand against the rocky coast, and no imagination is required to fathom the largesse and extravagant lifestyles of the turn-of-the-century rich and famous. From The Breakers (the famed 70-room mansion built for Cornelius Vanderbilt II in 1895), to the Beaux Arts Marble House (William Kissam Vanderbilt, 1889), to Belcourt Castle (1894), The Elms (1901), Rosecliff (1902) or Jacqueline Bouvier’s family home at Hammersmith Farm (1887), site of her and John F. Kennedy’s wedding reception, Newport’s cottages are masterworks of residential architecture, cathedrals of wealth, opulence and power and signifiers of ideas of beauty and societal import.

newport historic homes for sale

$995,000 USD | Newport, Rhode Island | Gustave White Sotheby’s International Realty

“They play a major part in the attractiveness of Newport and in what people are looking for in Newport,” says Paul Leys, Co-Owner of Gustave White Sotheby’s International Realty. For a very specific type of buyer, they also represent one of the most interesting real estate opportunities in the Northeast—the chance to own a home that once belonging to a Vanderbilt, or an Astor.

At any given time, Leys says, buyers will find a handful of historic cottages on the market. Leys, in fact, recently sold Clarendon Court, the 1903 Palladian-style former home of Claus and “Sunny” von Bülow, for over $13 million. In 2010, Oracle Corporation founder Larry Ellison purchased the Astor family’s famed 39-room Beechwood Mansion for $10.5 million. Continuing reading article >

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Article provided by Derek Duncan exclusively for Sotheby’s International Realty®.