Fallingwater-Inspired Megamansion Built for a Former Seattle Seahawks Owner Heads to Auction
The late real estate developer Ken Behring drew on the iconic Frank Lloyd Wright design to build his own hilltop residence in Danville, 30 miles from San Francisco. Read More
BY THE NUMBERS
| CONTENT FROM: Costa Palmas |
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Home Is Where the Yacht Is
Forty-five minutes from the Los Cabos airport, the 1,500 acres of Costa Palmas offer a rare, elemental luxury: a mile of swimmable oceanfront on the Sea of Cortez, Robert Trent Jones II golf, a marina for yachts up to 250 feet, and a spectacular choice of homes, including Four Seasons residences and villas, oceanfront homesites, and contemporary condominium hotels. Join us on the sea of dreams.
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TRENDING TODAY
LISTING OF THE DAY
The King’s Chaplain Once Lived at This Grand Townhouse Selling in London’s Posh Belgravia
The 19th-century property, once home to Wallace Harold Elliot, canon at St. Paul’s Cathedral and religious minister to two British kings, underwent an expansion and renovation. Read More
THE INSIDERS
How to Spin Luxury Auto Design Into Condos, According to Pininfarina’s Senior Architect
SaDé Lewis says the brand’s second residential project in South Florida is attracting fans of the cars but also lovers of the building’s peaceful minimalism. Read More
NEWS BITES
U.K. Rents Hit Seven-Month High in May
Summer rent hike season has started a little early in the U.K. According to the latest Goodlord’s Rental Index, rents rose to a seven-month high of £1,183 (US$1,511 in May, an increase of 6.4% year over year, with average rents up 1.4% last month alone. The West Midlands saw the largest month-over-month increase (4%), followed by the North West (2%). Industry insiders point to the summer months as the busiest for the U.K.’s rental market, and the time when prices for such properties reach their peak. PropertyWire
Hong Kong Home Market Cools After Curb-Removal Craze
The removal of market-cooling measures in late February unleashed a flood of pent-up demand that already appears to have sputtered out. The burst of activity following the cessation of property curbs—4,141 transactions in March compared to just 262 in February—looks to have burned out with just 1,880 deals in April and a further fall to 1,273 sales in May. Global real estate consultancy JLL named the twin factors of high inventory levels and interest rates as playing roles in moderating demand, despite the curb removal, and expected normal buying sentiment in the short term. South China Morning Post
Singapore Property Insiders Pessimistic About Luxury Market
Overall sentiment about the state of the Singapore real estate industry appears to be optimistic, according to the latest Institute of Real Estate and Urban Studies poll, which surveyed property executives in the city-state. Respondents pointed to higher growth, low unemployment rate and the easing of core inflation as positive developments. The same cannot be said about sentiment about the high-end home market, however. Industry insiders cited the potential for oversupply in the prime sector—and perhaps more importantly—the Additional Buyer’s Stamp Duty, which has scared off would-be foreign buyers and investors, as the reasons for their pessimism. The Business Times
Actor Hill Harper Lists Malibu Beach Home for Rent
Actor Hill Harper, who has starred in “The Good Doctor” and “Homeland,” among many other credits—and is currently a candidate in the Michigan U.S. Senate race—has listed his oceanfront property in Malibu, California, for rent for $18,000 a month. What do you get for that hefty price? The Spanish-style home comes with three bedrooms, two and a half bathrooms, a circular driveway that can hold multiple cars, a massive patio, and a great room lined with windows, which capture the home’s best feature: ocean views. Harper purchased the home in 2018 for $4.1 million. Realtor.com
AROUND NEWS CORP
Airbnb’s Secret Weapon to Fight State Laws: Its Hosts [The Wall Street Journal]
Secret Agents: Behind the Scenes With the ‘Buying London’ Agency [The Times of London]
America’s Top 10 Buyer’s Markets—Where You Can Still Land a Bargain Below the Asking Price [Realtor.com]
International Investors Buy More New Victoria, Australia, Homes Than Local Investors in First Three Months of 2024 [news.com.au]
