Cher Chops $10 Million off Her Malibu Estate, Now Asking $75 Million
The Italian Renaissance-style property overlooks the Pacific Ocean. Read More
BY THE NUMBERS
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Unparalleled Luxury and Adventure await on Baja’s East Cape
45 minutes from the Los Cabos airport, Costa Palmas is a master-planned resort community set by the shores of Baja’s East Cape, on the swimmable Sea of Cortez. Owners will be part of a casual and inclusive club, which connects them to our two miles of beachfront, our clubhouses and our Robert Trent Jones II course. Explore ownership opportunities at Four Seasons Private Residences & Casa Blake.
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TRENDING TODAY
SPECIAL REPORT
Limited Options Cushion Prices for San Francisco’s Luxury Condos
There are scarce launches this spring and only about 1,100 luxury condo units on the market. Read More
LISTING OF THE DAY
Modern Blufftop Nevada Home Soaks in the Mountains Around Lake Tahoe
The property is part of a golf course development with tennis courts, a new clubhouse and on-site trails. Read More
SMART HOMES
Intelligent Alerts: Smart Smoke and Carbon Monoxide Alarms for Your Home
Devices that will keep you informed during emergencies and when other problems arise. Read More
NEWS BITES
Chocolatiers Mansion Asks £1.4 Million
Close to the U.K. city of Birmingham, a mansion built for chocolate tycoons has hit the market for £1.4 million (US$1.7 million). Named Beaconwood, the Arts and Crafts home was built in 1905 for the Cadbury family. Set on 12 acres, the home has five bedrooms, four bathrooms, six reception rooms and a large cellar. There’s also herringbone flooring, Edwardian fireplaces and a log-burning stove. Birmingham Live
Hong Kong’s Priciest Rental Sees Value Drop
Amid slipping real estate values, the luxurious three-mansion Hong Kong compound belonging to billionaire Lee Shau-kee has seen its rental value fall 8.6% to HK$24.2 million (US$3.08 million) a year, according to data from the Rating and Valuation Department. Despite the drop, the property, which stands within the exclusive neighborhood of The Peak, remains the most expensive mansion by rateable value—the estimated annual rental value of a property—in Hong Kong. The Standard
Ben Affleck and Jennifer Lopez Are House Hunting, Again
A-listers Ben Affleck and Jennifer Lopez have backed out of a deal to buy a $64 million mansion in the upscale Los Angeles neighborhood of Pacific Palisades, marking the third home in which they’ve fallen out of escrow in the past year. In April, they were set to buy a $55 million Bel-Air estate, and last month, they walked away from another Pacific Palisades property asking $34.5 million. TMZ
High Number of Wealthy U.S. Residents Eye Property Abroad
A significant 92% of the most affluent households in the U.S. were looking to purchase overseas real estate last year, according to the Coldwell Banker Global Luxury Report. High-net-worth buyers are concerned that high inflation, a cooling property market and rising interest rates are impacting their investments on home soil. Meanwhile a strong dollar is making an overseas investment particularly appealing to U.S. buyers, who are typically seeking homes in a warm locale close to the water. Yahoo
AROUND NEWS CORP
Bernie Madoff’s Former Hamptons Home Sells for $14 Million [The Wall Street Journal]
The Chintz-Covered L.A. Fashion Designer’s Home Where More Is More [The Times of London]
Looking for a Deal? Too Bad. Rents Are Rising the Fastest in the Cheapest Real Estate Markets [Realtor.com]
A Teardown in This Pricey California Enclave Has Listed for $13.8 Million [New York Post]
