Greater Miami Is Bucking the U.S. Luxury-Housing Slowdown
Affluent cash buyers are helping the area outpace national trends. 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
Los Angeles’s Luxury Condo Pipeline Is Slow—but It’s Worth the Wait
The latest launches have an emphasis on unique architecture, apartments with terraces large enough for a pool and more. Read More
LISTING OF THE DAY
A Conservatory, Gardens and Fireplaces Galore—Outside Cambridge Lies the Quintessential Georgian Country Home
The property also includes a coach house and nearly an acre of mature grounds. Read More
TAX TALK
How Are Property Taxes Calculated on a Home in Nantucket?
Homeowners in the Massachusetts town pay a flat tax rate regardless of property value, but primary residents benefit from a significant exemption. Read More
NEWS BITES
New Zealand Home Sales Fell to the Lowest Level in Nearly 40 Years in February
New Zealand registered 60,589 house sales in the 12 months through February, the lowest annual tally since October 1983, according to the latest data from CoreLogic New Zealand. Sales in February alone were also the lowest since 1981. With rising interest rates and pileup of inventory, buyers were not rushing into purchases. “This is a recipe for low levels of sales,” said Kelvin Davidson, chief property economist at Corelogic New Zealand. The Business Times
A$38 Million Mansion Outside of Melbourne Sells in 12 Days
A Victorian mansion in Hawthorn, an inner suburb of Melbourne, Australia, has found a buyer just 12 days after it was listed with a price guide between A$38 million and A$41 million (US$25.5 million and US$27.6 million). The home has nine bedrooms, 10 bathrooms, and multiple formal and informal living, dining and entertaining spaces. Other amenities include a 4,000-bottle wine cellar, a home theater, a 10-car garage, two resort-style swimming pools, a gym and guest suites. The four-level mansion last traded for A$19.8 million in 2014, records show. Domain
Well-Heeled Middle Easterners Are Eyeing New York Properties
More and more buyers from the Arabian Peninsula are interested in luxury New York properties, brokers said. A rising U.S. dollar has actually energized the market, as high-net-worth individuals consider dollar assets as a safe haven, said Georgina Atkinson, head of Knight Frank’s U.S. residential developments in Dubai. “They are after trophy assets predominantly in the prime segment of the market and typically valued above $5 million,” Ms. Atkinson said. Kholood Breiche, a real estate agent with Corcoran who is originally from Lebanon, said her clients from the Middle East favor the trendy West Village and SoHo neighborhoods. Middle East Eye
Manhattan Penthouse With Sweeping City Views Asks $3 Million
A two-bedroom penthouse at a pre-war Manhattan co-op hit the market for just under $3 million. Located on East 10th Street, the home has views of One World Trade Center to the Empire State Building from the oversized windows and a wraparound, landscaped terrace. Pre-war interior details include a wood-burning fireplace in the open living area, coffered ceilings, wood floors and steel factory doors. 6sqft
AROUND NEWS CORP
Victorian-Style Houses, Hi-Tech Feeders and 10-Foot-Wide Reflecting Pools: Backyard Birding Goes Extreme [The Wall Street Journal]
Interest Rates: How the March Rise Affects You [The Times of London]
The Safest Places in America: Live Here if You’d Rather Skip the Natural Disasters [Realtor.com]
Steve Buscemi’s NYC Penthouse ‘Twin’ Lists for $9 Million [New York Post]
