Luxury Real Estate Headlines: Third Week in April 2014

Highlights from this week’s top news stories on luxury and global real estate, art, collectibles and home.

Luxury Kitchen | San Antonio, Texas

$1,499,999 USD | San Antonio, Texas | Kuper Sotheby’s International Realty

Prices for the historic Victorians that make up the bulk of King William properties have roughly tripled in the past decade, said Debra Maltz, a broker associate for Kuper Sotheby’s International Realty, though much of that price change can reflect extensive renovation. Larger, restored homes can cost $800,000 to $3 million, Ms. Maltz said.

Downtown San Antonio Gets a MakeoverThe Wall Street Journal

Sotheby’s International Realty Launches a Lifestyle Video SeriesSotheby’s International Realty

Private capital is returning to the mortgage marketHousingWire

Home Sellers’ Asking Prices Hit Five-Year HighWSJ Economics Blog

10 countries racing to buy American homesUSA TODAY

Modern Take on a Farmstead | House of the Day - The Wall Street Journal

Jeff Koons Popeye Set To Make $25m At Auction In New YorkArtlyst

Picasso to Giacometti Lead Sotheby’s $322 Million AuctionBloomberg

 

Video of the Week: Mid-Century Modern Home in San Antonio

Prestigious Terrell Hills is the backdrop for this sophisticated home offering mid-century architecture combined with chic and modern finishes. The open, light-infused floor plan is surrounded by floor-to-ceiling walls of expansive windows, with 8 exterior glass doors, bringing the outdoors in.

$850,000 USD | San Antonio, Texas | Kuper Sotheby’s International Realty

Luxury Real Estate Headlines: First Week in February 2014

Highlights from this week’s top news stories on luxury and global real estate, art, collectibles and home.

luxury dallas real estate

$1,795,000 USD | Dallas, Texas | Briggs Freeman Sotheby’s International Realty

Luxury Homes That Are Better, Not Bigger - The Wall Street Journal

Smaller luxury homes are gaining traction even in big-house country, such as Atlanta and Dallas. [...] In Dallas, Robbie Briggs, chief executive of Briggs Freeman Sotheby’s International Realty, did a brisk business a decade ago selling 12,000-square-foot houses, he said. “Today, someone who wants a big family house is probably happy at 7,500 square feet,” Mr. Briggs said. Current buyers value outdoor amenities, such as fountains and kitchens, rather former status symbols like cavernous media rooms, he said.

Frederick Fisher Design in Cali Wine Country Asks $7.5MCurbed.com

Spike Lee Lists His Upper East Side Townhouse for $32 millionBusiness Insider

The Millikan House | The well-published Pasadena Hacienda becomes availableVariety

The New Rules of the Hamptons [New York]The Wall Street Journal

Millionaires See Real Estate as Top Investment for 2014Bloomberg

Why some homes have a secret ‘For Sale’ signMarketWatch

Sales of $1-million-plus homes went through the roof in CaliforniaLA Times

Realty Check: Sotheby’s [International Realty] goes big in Hawai’i and Japan – HILuxury Magazine

Old Masters Week Realizes $71.7 MillionSothebys.com

Sotheby’s makes its biggest ever London art saleChicago Tribune

 

Sprawling Estate with a Private Lake in Texas| Video House Tour


This spectacular 185-acre private and gated Estate is located in Magnolia, Texas, approximately 40 miles northwest of Houston. Meticulously developed, this estate boasts the private 25-acre Emerald Lake, a “world class” bass lake with 10 islands, a 9-acre Japanese garden, and a 7-acre botanical garden with over 5,000 azaleas.

$24,500,000 USD | Magnolia, Texas | Kuper Sotheby’s International Realty

Sotheby’s International Realty, Inc. Enters Houston with Strategic Acquisition of Martha Turner Properties

Sotheby’s International Realty, Inc. Enters Houston with Strategic Acquisition of Martha Turner Properties

Sotheby’s International Realty, Inc., a residential real estate brokerage firm representing fine properties in some of the world’s most sought-after markets, announced today that it has acquired Martha Turner Properties in Houston, the most successful independent real estate brokerage in Houston as well as one of the nation’s leading real estate firms based on closed sales volume per agent. The acquisition enables Sotheby’s International Realty to enter the Houston market, where it will operate as Martha Turner Sotheby’s International Realty with six offices and more than 220 associates.

Martha Turner, founder of the company, and her business partner Tom Anderson will continue to lead the Houston operations of Martha Turner Sotheby’s International Realty, with both taking roles as co-presidents of the company.

“Under the leadership of Martha and Tom, Martha Turner Properties has earned a reputation as the most successful independent real estate brokerage in Houston and one of the nation’s most highly productive residential real estate firms,” said Kathryn Korte, president and CEO of Sotheby’s International Realty, Inc., a subsidiary of NRT LLC, the nation’s largest residential real estate brokerage company. “We are thrilled to welcome a company known for their local market knowledge, exceptional service and community involvement. It’s a marriage of shared values and strengths.”

Martha Turner co-founded Turner Owens Real Estate in 1981 in a single office in Houston, which led to the formation of Martha Turner Properties in 1986. Three decades later, the brokerage is an award-winning, multi-faceted company serving the greater Houston area from six offices. In 2013, Martha Turner Properties achieved its strongest year ever with more than $2 billion in closed sales volume. According to the REAL Trends 500, Martha Turner Properties ranked as No. 8 in the nation in 2012, based on closed sales volume per agent, with an average of more than $7 million per agent.

“Our commitment to Houston, our agents and staff, combined with our passion for real estate made this an exciting opportunity for us to become a strategic part of Sotheby’s International Realty,” said Turner. “This partnership will ensure that the company not only evolves far into the future, but will thrive with the increased marketing exposure and far-reaching referral opportunities, giving our clients significant advantages.”

“Our success in the marketplace is a direct result of Houston’s thriving economy and our team of more than 220 sales associates – all of whom are committed to excellence, innovation and exacting standards of honesty and integrity,” added Anderson. “Now with the combined benefits of our expanded network and global reach of Sotheby’s International Realty, we will have even more resources available to provide the world-class service for which we are known.”

Search Luxury Properties in Houston >

About Sotheby’s International Realty, Inc.

Sotheby’s International Realty® was founded in 1976 as a real estate service for discerning clients of Sotheby’s auction house and represents fine properties at a range of price points. Today, Sotheby’s International Realty, Inc. operates brokerage offices in key metropolitan and resort markets, including San Francisco, Sonoma, Beverly Hills, Brentwood, Malibu, Pasadena, Santa Barbara, and Carmel, CA; Santa Fe, NM; Greenwich, CT; Manhattan and the Hamptons, NY; Cape Cod, MA; and Palm Beach, FL.

Sotheby’s International Realty, Inc. is part of NRT LLC, the nation’s largest residential real estate brokerage company, and a member of the Sotheby’s International Realty network, which currently has approximately 13,000 sales associates and 660 offices located in 49 countries and territories worldwide. NRT, a subsidiary of Realogy Holdings Corp. (NYSE: RLGY), operates Realogy’s company-owned real estate brokerage offices.

New & Notable Luxury Properties for Sale | August 2013

From a historic cattle and exotic game ranch in Texas to a palatial oceanfront compound on Florida’s exclusive Jupiter Island, this month’s collection of exceptional properties for sale celebrates the wide open space lifestyle.

luxury ranches for sale texas

$85,000,000 USD | Mountain Home, Texas | Kuper Sotheby’s International Realty

Texas — The legendary Y.O. Ranch is 29,000± acre parcel in Mountain Home, Texas.  Purchased in 1880, the ranch  became headquarters for the Schreiner Cattle Company. Throughout 5 generations, the ranch is notable for many firsts, including establishing a registry for Texas Longhorns that brought the legendary breed back from the brink of extinction, and for introducing exotic hoof stock that earned the ranch a reputation worldwide as ‘America’s Original Game Ranch’. With an established infrastructure, the ranch is a notable destination its for native and exotic game preserve, animal auctions, ranch tours, private events, and recreational activities.

celine dion's jupiter island home

$72,000,000 USD | Hobe Sound, Florida | Sotheby’s International Realty – Palm Beach Brokerage

Jupiter Island, Florida — Luxurious Bahamian-inspired estate designed and custom-built in 2010 by international superstar Celine Dion for her and her family. Located on the exclusive Jupiter Island, this 5,5 acre property with over 415 linear feet on the Atlantic Ocean is being sold turn-key with almost all its contents.

east hampton luxury homes for sale

$45,000,000 USD | East Hampton, New York | Sotheby’s International Realty – Southampton Brokerage

East Hampton, New York — Recently finished, this master-built estate sits on 2.8± acres with a pool, tennis, cabanas, and direct oceanfront. Intricate details throughout, the house features an impressive entry hall, enormous great room with wet bar and covered outdoor deck, library, formal dining room, world-class chef’s kitchen, six fireplaces, eight en suite bedrooms including the master suite with covered ocean view deck. A private walkway leads to a changing room cabana before spilling out to the ocean beach.

luxury real estate for sale in russia

$38,000,000 USD | Russia | Moscow Sotheby’s International Realty

Russia — Magnificent estate home surrounded by nature. The main home has 3 levels and features 6 bedrooms, main kitchen with food elevator, 2 indoor gardens, home cinema, billiard room and library. There are also a 1200 sqm guest house, a detached 3 level spa with an exercise room, entertainment room, massage room and swimming pool.

equstrian ranches for sale wellington florida

$27,900,000 USD | Wellington, Florida | Equestrian Sotheby’s International Realty

Wellington, Florida — Exceptionally rare opportunity to purchase 90± acres, the largest contiguous property close to all equestrian venues.  Simpatico Farms features a regulation Polo field, multiple barns with 82 stalls, exercise track, stick and ball fields, 20 paddocks, 2 apartments and a 3 bedroom house.

Newly Listed Luxury Properties for Sale >

Significant Sales May 2013

Take a peek at the May 2013 issue of Significant Sales which showcases top sales from across our network including an extraordinary 17,342-acre ranch in Texas and two properties in California.

Texas land for sale

Kuper Sotheby’s International Realty | Sales Price Undisclosed | Texas, USA

Texas − The impressive, historic Paloma Ranch is 17,342 acres, and was owned by the same family since the 1940s.  It is set up perfect for cattle and hunting, in the heart of the best native whitetail deer country Texas has to offer.

luxury homes in Bel Air for sale

Sotheby’s International Realty-Sunset Strip Brokerage | $16,000,000 USD | California, USA

California − One of the most important view promontories in lower Bel Air, this property is sited on more than an acre.  The estate has sweeping views of the Angeleno Mountains, downtown, Century City and the ocean.

California ranches for sale

Ewing & Associates Sotheby’s International Realty | $14,750,000 USD | California, USA

California − Fieldstone Farms is a newly constructed custom East Coast-style Gentleman’s Farm in California.  This 62-acre, two parcel estate is nestled in the pastoral community of Hidden Valley, known for its bucolic setting and equestrian lifestyle.

View All Significant Sales in May > 

Celebrate the Lush Beauty of Spring

Post provided by guest contributing blogger, Stephanie Lloyd, Director of Marketing at The Lipman Group Sotheby’s International Realty in Nashville, Tennessee.

“I love spring anywhere, but if I could choose I would always greet it in a garden.” -Ruth Stout, American author and gardener

Within the next week or so, cities throughout the world that are lucky enough to experience four true seasons will be in full bloom as spring will be well under way. We can’t agree more with Ruth Stout, famous for her “no-work” garden methods, that the best way to greet spring is in a garden.

Many locations throughout the Sotheby’s International Realty global network are famous for their gardens, and especially the special beauty found there during this delicate and expectant time of year. As such, we’ve collected five cities from around the world that are home to some exquisite displays of spring blossoms every year.

Nashville, Tennessee

Walk among the flowers in Nashville at the Cheekwood Botanical Garden and Museum of Art. The gardens span 55 acres with pools, fountains, statuary, boxwood plantings, beautiful views, and over 55,000 tulips will bloom soon!

nashville mansions for sale

The winding driveway to this home in Franklin, Tennessee, is just the first glimpse of spring in this home featuring lush landscaping and an outdoor loggia perfect for taking in the all the fragrances of spring.

$3,700,000 USD | Franklin, Tennesee, USA | The Lipman Group Sotheby’s International Realty

Washington, DC

Stroll through Washington D.C. from March to April, and experience Japan’s gift of the cherry blossom trees. Though slightly delayed this year due to lingering winter temperatures, the Capital City is currently celebrating spring with the National Cherry Blossom Festival.

washington dc homes for sale

This historic 1911 Washington, DC mansion has an exquisite outdoor patio with private views of the cherry blossoms in bloom.

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

Vancouver, Canada

Vancouver celebrates spring in many ways. They also have a cherry blossom festival and renowned botanical gardens. However, unique to Vancouver is the opportunity to whale watch in the spring. Whale watching season is from April to October and spotting grey whales is best done in April and May.

4000036661-Vancouver-2

Nestled in the hillside, this stunning contemporary home has the most spectacular views over West Vancouver and Horseshoe Bay.

$8,405,599 USD | West Vancouver, British Columbia, Canada | Sotheby’s International Realty Canada

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