An Unbuilt Beverly Hills Megamansion Lists for $126 Million
Plans have been approved for a sprawling trophy home on 10 acres in the affluent California city. Read More
BY THE NUMBERS
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TRENDING TODAY
LISTING OF THE DAY
A Nearly $70 Million Modern Malibu Home ‘Feels Like a Private Sanctuary’
The Cantilever House by prolific Los Angeles developer Scott Gillen is part of a five-property gated community. Read More
REBUILDS & RENOS
Turning a Luxury Rental in Manhattan Into a Minimalist Masterpiece
An art collector and restoration expert created a customized haven in her Hudson Yards apartment. Read More
NEWS BITES
Santa Fe Approves Mansion Tax for Homes of at least $1 Million
Buyers of homes with a price tag of $1 million or more in Santa Fe, New Mexico, will soon be required to pay a so-called mansion tax. Residents overwhelmingly approved the tax in a vote on Tuesday. An additional 3% excise tax will be levied on high-end homes, with the revenue set to fund affordable housing. The tax, supported by more than 73% of voters, will be applied to the amount above the $1 million threshold. Business Insider
Dubai’s Luxury Home Prices Set to Rise by 5% in 2024
Property prices in Dubai are set to continue to grow in 2024 as supply remains limited and demand has increased from markets such as China and India, according to a report this week from Knight Frank. Luxury enclaves, including the Palm Jumeirah, Emirates Hills and Jumeirah Bay Island, are forecast to see values rise by 5% next year, while prices in other segments of the residential market will have more subdued growth of 3.5%, according to Knight Frank. The National
‘Flintstones’ House in Sydney Lists for A$2.25 Million
Meet the Flintstones—in Sydney. A three-bedroom home in the Australian city that could have belonged to Fred and Wilma Flintstone is being auctioned this month with a guide price of A$2.25 million (US$1.45 million). Known as the Hollander House, the curving residence was built by architect David Hollander in the late 1960s. It was created using hand-formed ferro cement, giving it its caveman vibe. The interiors were also handmade, and the home boasts wide ocean views. realestate.com.au
Value of Building Permits Spiked 37% in British Columbia
The cost of building a home in British Columbia, Canada, is growing. The province has seen the biggest jump in the value of residential construction permits, which climbed 37.2% month over month in September, according to Statistics Canada. Vancouver, Kelowna and Victoria represent 79.9% of the new housing projects authorized in the province last month, the report said. The report comes as the federal government pushes for more housing construction. BNN Bloomberg
AROUND NEWS CORP
As Billionaires Move to Miami, Developers Roll the Dice With High-Priced Listings [The Wall Street Journal]
Two-Year Mortgage Rate Deals Fall Below 5% [The Times of London]
Candice Bergen Slashes the Price of Her NYC Apartment to $2M [Realtor.com]
Inside Donald Trump’s ‘Most Beloved’ Scotland Castle at the Center of His Contentious NYC Civil Trial [New York Post]
