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.

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$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.

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$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.”

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$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.

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$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®.

Los Angeles: Hollywood Glamour and Intrigue

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

When Douglas Fairbanks and Mary Pickford began building their 56-acre, 25-room home dubbed “Pickfair” in 1919 in recently incorporated Beverly Hills, it sparked the dawn of the golden age of movie star houses and a migration away from traditional Hollywood territory. The glamour of the silver screen was spilling into real life as the estates the stars built appeared to match the enchanted fantasies of their screen portrayals. We’ve been following how, and where, they live ever since.

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The Estate of Film Star Mitzi Gaynor | Beverly Hills, California | $5,495,000 USD

In the 1910’s and early 1920’s, most movie personalities and producers lived in east side Los Angeles in communities like Los Feliz, where Walt Disney, Cecile B. DeMille, Charlie Chaplin and others had estates. During Hollywood’s subsequent golden age, many stars, seeking more land and isolation, relocated west to Beverly Hills or north into the San Fernando Valley.

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Romantic 1930′s Spanish-style Estate | Pacific Palisades, California | $6,452,000 USD

“The Valley in those days was orange groves and ranches and farms, and this is where stars would have their ranch or getaway,” says Ernie Wish, Broker and President of Wish Sotheby’s International Realty in Sherman Oaks. Valley property represented value and investors were able to convert hunting lodges and property into homes and expansive new estates. “There are certain areas in the San Fernando Valley that have had huge star populations in the past,” says Wish, including Encino, Studio City and Toluca Lake where Bob Hope moved in 1939 and lived until he passed in 2003. “In a lot of cases those names have stuck to the property, even after decades,” Wish says. Continuing Reading Article >

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

4 Tips For Restoring Historic Homes For A New Era

A historic residence is a work of fine craftsmanship and high design with an intangible element no newly constructed home can match–a sense of permanence. But what passed for creature comforts generations earlier falls short today.

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3.563.800 € EUR | Berlin, Germany | Berlin Sotheby’s International Realty

Vintage estates were built for a dramatically different way of life, says Michael Rankin, managing partner at TTR Sotheby’s International Realty who, over the past 24 years, has purchased 15 homes–and torn every one apart. Kitchens were in the basements. First-floor powder rooms were non-existent. Luxury homeowners demand residences designed for the way they live and entertain today, and they’ve found inventive ways to bridge the eras by reinterpreting the architecture of yesteryear.

Here are four things to consider when purchasing and renovating a historic home.

Tip #1 | Today’s updates are cosmetic, aesthetic, functional and structural.

State-of-the-art kitchens and spa bathrooms are a given but renovations extend beyond to incorporate quality-of-life amenities throughout the house. Homeowners want gyms, home theaters, outdoor entertaining spaces and smart home technology, and they’re not willing to give up on the historic homes they love in order to get them.

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$9,995,000 USD | Washington DC | TTR Sotheby’s International Realty

Tip #2 | The older the home, the greater the challenges.

In France, for instance, 70% of luxury homes are historic, dating back not just decades but centuries. Some still have Roman foundations. “From a practical standpoint, one should never underestimate the challenges of restoring a historic home,” says Alexander Kraft, chairman of Sotheby’s International Realty France-Monaco.

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Price Upon Request | Neuilly, France | Paris Ouest Sotheby’s International Realty

Tip #3 | A successful renovation feels cohesive.

Celia Dunn of Sotheby’s International Realty in Savannah, Georgia, says restoring a historic property requires an architect who has great eye and creative imagination to envision how to adapt a home for today’s families.

Historic Homes for Sale Savannah

$2,900,000 USD |Savannah, Georgia | Celia Dunn of Sotheby’s International Realty

Tip #4 | Research is an important element of the renovation process in order to determine what is original to the home.

Janet Bloomberg a partner at Kube Architecture in Washington DC, a firm that specializes in historic renovations says a homeowner’s desire to preserve an architectural feature, which may be old but of no historical value, can impede a successful re-design. “When there are redeeming elements, however, we like to highlight them. We like people to see them in a new way such as an old fireplace in house that’s been opened up so you see it in the context of a larger space.”

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Content provided by Iyna Caruso exclusively for Sotheby’s International Realty for RESIDE® Magazine.

Fall 2013 RESIDE® Magazine

The Fall 2013 issues of RESIDE® magazine have arrived!  In this season’s editions, we explore the idea of “modern vintage” — how today’s historic homes can still retain the charm of yester-year while allowing their owners to enjoy modern luxuries. One of the key issues in modernizing a home from long ago is managing to be respectful to the original design and intent. Our professionals weigh in on this, as well as provide insight into how to effectively organize a historic renovation.

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

Reside Master Edition Fall 2013

Reside Asia Fall 2013

RESIDE® Fall 2013 Asia Edition

Reside New England Fall 2013

RESIDE® Fall 2013 Northeast Edition

Reside California Fall 2013

RESIDE® Fall 2013 California Edition

Reside Europe Fall 2013

RESIDE® Fall 2013 Europe Edition


Sydney: The Right Time and the Right Fit

Sydney: The Right Time and the Right Fit

From the pages of RESIDE® | Luxury Homes and Lifestyles Around the World | Spring 2013 Asia Edition

There are some combinations that are too perfect not to pair. Australia is one of the most prominent and important markets in the southern hemisphere, and the Sotheby’s International Realty® name is among the world’s most far-reaching and respected luxury brands. Now, with the opening of Sydney Sotheby’s International Realty in Double Bay last September, Sydney and New South Wales clients are plugged into an incomparable network of global referrals and affiliates. Michael Pallier, Owner and Managing Director, is thrilled to have these resources behind his new office.

“It’s not just a name, is it?” Pallier says of the partnership. “It’s a true international organization, and all the members share clients. It’s really amazing.”

With its climate, school systems, natural beauty, clean air, low crime and public service infrastructure, Sydney is one of the world’s most desirable places to live. Sydney Harbor, perhaps the most spectacular and recognizable confluence of land and sea on earth, is also the rare place where man’s imprint and architecture—the skyline, open spaces, the Sydney Opera House, the Sydney Harbor Bridge—enhances the naturally breathtaking setting.

Naturally, the most prestigious real estate is located on and around Sydney Harbor, particularly the neighborhoods in Point Piper, the Eastern Suburbs and the North Shore.

The closer the property is to the Harbor, the more it’s generally worth.

Waterfront locations on the Harbor list between $10,000 and $15,000 per square meter, making Sydney one of the most exclusive cities in the world. But low inventory, desirability and Australia’s generally strong economy have kept demand and prices strong. These factors typically insulate Sydney from global real estate market downturns, and in fact, Pallier has recently seen appreciation in prices at the top end. The British have been particularly active in the market of late, as have buyers from China.

Asia is a critical market for Australia given its geographic proximity and shared time zones. Asian buyers, attracted to the beauty of the region, the convenient location, the safety and strong schools, often favor areas in New South Wales for businesses and second homes. Australians have equally favorable feelings. Continuing Reading Article >

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

The Jersey Shore: Resilient and Open for Business

The Jersey Shore: Resilient and Open for Business

From the pages of RESIDE® | Luxury Homes and Lifestyles Around the World | Spring 2013 Northeast United States Edition

It’s a reflection of the power of media and image saturation that an area as large as the coast of New Jersey—217 diverse miles of beaches, barrier islands, inlets, marshes, bays, boroughs, cities and townships—can so effectively be reduced to a single visual: the effects Hurricane Sandy had on the scenic, historic landscape of the Jersey Shore.

“The Shore’s taken a few licks in the past, and while this certainly was a good one there continues to be a pretty significant misconception about the level of impact that towns sustained,” says Keith Kernan, Managing Broker at Ward Wight Sotheby’s International Realty. His listings from Asbury Park to Brielle, for instance, largely escaped damage; the first few beach blocks in Manasquan, however, was buried in sand. Kernan understands that these parts of the Shore are beloved to New Jerseyans and wants to educate people about how quickly it’s recovered. To do that he’s created a series of promotional videos for guests and buyers in feeder markets. “The mindset is to show how things are progressing and to show the many folks who have called the Jersey Shore home for summers for such a long time that we’re open.”


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Homes for Sale at the Jersey Shore>

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


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