Amazon’s Seattle Birthplace, a House Jeff Bezos Rented for $890 Month, Hits the Market
The home in Bellevue, Washington, is asking $2.28 million. Read More
BY THE NUMBERS
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A Modern Muse for an Oceanfront Legacy
Waldorf Astoria Residences Pompano Beach exudes serenity and an unparalleled vision for truly extraordinary living. Two-four bedroom homes and 5+ bedroom penthouses in the first stand-alone Waldorf Astoria Residence. Starting from $2.5M.
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TRENDING TODAY
SPECIAL REPORT
When One Lake Isn’t Enough, You Can Live Among 13 by Orlando
Florida’s Butler Chain of Lakes attracts buyers from all over the world with its stunning scenery and amenities. Read More
LISTING OF THE DAY
Jack Reacher Creator Lee Child Is Selling His New York ‘Dream’ Home
The author has lived on the 11th floor of one of the Upper West Side’s grand pre-war buildings. Read More
DESIGNER’S CORNER
Designing an Indoor-Outdoor Room for All Seasons
How to curate an adaptable space for living and entertaining. Read More
NEWS BITES
Home Prices in the Greater Miami Area Shot up 15% in 2023
The median price for single-family homes in Miami-Dade County jumped 14.9% year over year in December, increasing from $530,900 to $610,000, according to data from the Miami Association of Realtors. Also in December, single-family home sales increased 1.3% annually, while existing-condo sales fell 7.2% from the previous year, affected by lack of inventory at certain price points and high mortgage rates. Total inventory in the Miami area was down 43.6% from the monthly historical average, though total active listings at the end of December were 6.9% higher than a year earlier. World Property Journal
This Australian Home’s Cliffside Tennis Court Looks Like It’s Floating
With the Australian Open currently unfolding, tennis fans might want to take a look at this Sydney home. This cliffside property overlooks the Georges River, and the position of its tennis court makes it appear like it’s floating. A path from the rear balcony leads to a combined basketball and tennis court that’s elevated above the rest of the land below and looks straight out at the water. Steps down from the court lead to a boat shed, which offers direct water access for kayaking. The home also has four bedrooms, two bathrooms, multiple covered entertaining areas and a wine cellar. Domain
Canadian Government Considers Factory-Built Homes to Increase Supply
The Canadian government is looking to use factory-built, or modular, homes as a way to rapidly increase the country’s low housing supply. By the end of the decade, it’s estimated that Canada will have about 3.5 million fewer homes than what the country needs to restore housing affordability, as home prices top C$1 million (US$741,955) in some cities, according to the Canada Mortgage and Housing Corp. New residential construction rose 18% in December on a monthly basis, the CMHC reported. “Modular really represents an opportunity to give the construction sector different options to help meet that significant demand by fabricating different building components or modules in an off-site controlled factory environment,” said Sunil Johal, vice president of public policy at CSA Group. BNN Bloomberg
U.A.E. Nixes Down Payment Requirement for Golden Visas
The U.A.E. has canceled the AED 1 million (US$272,294) minimum down payment required for people to qualify for a golden visa through a real estate investment, as it seeks to encourage more residents and investors to establish deeper roots in the country, according to a report. To qualify for the 10-year residency program, investors are required to buy property valued at AED 2 million or above. But previously, for properties bought on mortgage or installment plans, home buyers had to make a minimum down payment of AED 1 million, or 50% of the property’s value. Now, investors can qualify for the golden visa if the property’s value is AED 2 million or more, regardless of whether it’s off-plan, completed, mortgaged or not mortgaged, according to Maroun Abou Harb, an associate at law firm BSA Ahmad bin Hezeem & Associates. The National
AROUND NEWS CORP
Their Home Has Water Views and a Sandy Beach—And It’s Nowhere Near the Ocean [The Wall Street Journal]
What It’s Really Like to Live as an Expat in Saudi Arabia [The Times of London]
What Is Bookshelf Wealth? A Chic Offshoot of Quiet Luxury That’s Trending in a Big Way. [Realtor.com]
Demand for Luxury Homes Hits New Highs [news.com.au]
