Don’t Cut Corners on Pools or Hot Tubs—It Can Bite Homeowners in a Resale
Buyers don’t mess around when it comes to water or leaks, and notice when sellers go for a cheaper design or finish. Read More
BY THE NUMBERS
| CONTENT FROM OUR SPONSOR: 200 Amsterdam |
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Introducing The Penthouse Collection at 200 Amsterdam
A rarified offering of two expansive Duplex Penthouses and five full-floor, three- and four- bedroom residences crowning the elegant new landmark tower on the Upper West Side. At 200 Amsterdam, three floors of considered amenities, including the Club & Spa with 75-foot Saltwater Pool and Little Composer’s Room, foster a sense of tranquility and balance. Priced from $17.9M. Immediate Occupancy.
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TRENDING TODAY
SPECIAL REPORT
Jamaica’s Ocho Rios Is a Low-Key Haven for Golfers
‘James Bond’ author Ian Fleming famously settled in the area, which now has two championship-length courses. Read More
LISTING OF THE DAY
This Modernized Victorian Home in Upstate New York Is an Antique ‘Jewel Box’
The three-story, five-bedroom house has open views of the Catskill Mountains. Read More
NEIGHBORHOOD NOTES
Close to Beaches and Galleries, Edgewater Is at the Pulse of Miami
The neighborhood, in the middle of a luxury condo boom, has a water views and is steps from shopping and cultural institutions. Read More
NEWS BITES
Chinese Buyers Look to Australia for Real Estate Investments
Since international travel has returned to Australia, Chinese nationals are hungry to invest in real estate. Mainland Chinese buyers are looking for investment properties, but some are also hoping to live in the country or send their children to school there. “So far this year, Australia is the favorite country for Chinese buyers of overseas real estate, a dramatic improvement from its third-place ranking in 2021,” said Daniel Ho, co-founder and group managing director of property-tech firm Juwai IQI. “Buyer inquiries in the first three months are 127% higher than in the prior quarter.” South China Morning Post
April Sales of $1 Million-Plus Miami-Area Homes in Doubled Since 2019
Sales of homes in Miami-Dade County for $1 million or more were up 94.3% in April, compared to April 2019, according to data from the Miami Association of Realtors and the MLS. Meanwhile, the overall median home price in the county continued to rise, increasing 6.2% compared to a year ago. “South Florida has benefited from a major wealth migration as buyers from California and New York have relocated their companies and their families to Miami,” said Ines Hegedus Garcia, chairman for the Miami Association of Realtors. Yahoo! Finance
Mushroom-Shaped House Hits the Market in Italy’s Smurf Village
A so-called mushroom house in a village of fungi-inspired residences—known as “il villaggio dei Puffi,” or Smurf Village—in northern Italy has hit the market for €109,000 (about US$118,000). Located in Bardineto, famous for its porcini mushrooms, the squat, round homes were constructed in the 1960s and ’70s by Mario de Bernardi, combining his love of mushrooms and masonry. In addition to a hefty dose of whimsy, the one-bedroom house, recently renovated, also has a circular living room, a kitchen with a wood-burning pizza oven, and an upstairs bedroom suite, also circular—with a study and a bathroom. Evening Standard
Texas House Set to Pass Property Tax Bill, but Senators Say They Won’t Take It to a Vote
The Texas House of Representatives was set to approve revised legislation to ease property taxes in the state as of Thursday, although it’s unclear of its fate in the state Senate. In its current iteration, Senate Bill 3, as it is known, would provide $12 billion to school districts to reduce property tax rates; boost the state’s homestead exemption on public school taxes; and lower the state’s cap on annual increases to a home’s taxable value from 10% to 5%, as well as extending the benefit to businesses, which don’t have such a cap—a point some politicians say could have a long-lasting impact. Several senators have said the House’s bill will be “dead on arrival,” and they will not bring it up for a committee vote. The Texas Tribune
AROUND NEWS CORP
A Venture Capitalist’s 106-Year-Old Mansion Asks $36 Million in San Francisco [The Wall Street Journal]
5 Expert Tips to Make Your Kitchen Stand Out [The Times of London]
Good Day, Sunshine! 5 Inexpensive Decor Ideas to Prepare Your Bedroom for Summer [Realtor.com]
‘Getting Cheaper’: Australian Suburbs Where Home Prices Will Fall by 2028 Revealed [news.com.au]
