International Buyers and Cash Deals Are Boosting Sydney’s Real Estate Market
While home values have dropped overall in the Australian city, the top end of the market continues to see high demand and big sales. Read More
BY THE NUMBERS
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Aboard The World, you embark on a global journey to over 100 ports of call each year from the comfort of your own home. Explore iconic destinations and enjoy the camaraderie of international adventurers who live this exclusive lifestyle aboard the planet’s largest private residential yacht. The World is extending an invitation to Mansion Global subscribers to visit this one-of-a-kind Ship.
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TRENDING TODAY
LISTING OF THE DAY
Fort Lauderdale’s Highest Penthouse Soars Nearly 500 Feet Above the Florida City
The stunning spread can be found atop the metro’s tallest building on the 45th and 46th floors. Read More
THE INSIDERS
Buyers Should Question Quality, Says VP of Miami Developer
Christine Martinez de Castro on her journey from PR to real estate marketing, the importance of floor plans and more. Read More
NEWS BITES
Prices for Dubai’s Luxury Homes Jumped 27% in First Quarter
The average price of an ultra-luxury homes in Dubai rose more than 27% quarter over quarter in the first three months of the year, reaching AED25.2 million (US$6.86 million), according to a report by Luxhabitat Sotheby’s, based on data from the Dubai Land Department. “Moving into the second quarter we see a continuation of high-volume residential transactions within the super prime luxury segment…primarily fueled by the current lifestyle and wealth shifts being witnessed from incoming European buyers and a recent increased trend from institutional investors moving back into bricks and mortar asset classes,” said Chris Whitehead, managing partner at Luxhabitat Sotheby’s International Realty. The National
Ray White CEO Sells Cottage in Brisbane, Australia, Suburb for A$2.3 Million
Ray White, chief executive officer of the Ray White real estate group in Queensland, has sold a two-bedroom cottage he renovated in one of Brisbane’s most prestigious suburbs for A$2.3 million (US$1.52 million). The property on Moray Street was scheduled to go to auction on April 22, but sold in just six days of being on the market. It was snapped up sight unseen by an interstate buyer from Canberra, who, after missing out on another property, bought it after a FaceTime viewing. realestate.com.au
Squishmallow Toymaker Buys $26 Million Modern Mansion in Bel Air
In the final hours before the new Los Angeles mansion tax took effect, Jonathan Kelly, the founder of Kellytoy, known for its popular Squishmallow plush toys, purchased a sprawling modern mansion in Bel Air for $26 million. This was at a discount off the home’s original $47.5 million asking price, and if the home had closed in April, the sellers would’ve owed an extra $1.4 million in taxes under the new measure. The nearly 17,000-square-foot home has seven bedrooms and eight-and-a-half bathrooms. Sitting on just under an acre, the three-story home overlooks Bel-Air Country Club. Dirt
College Basketball Coach Ed Cooley Quickly Finds a Buyer for His Rhode Island Home
Ed Cooley, the former Providence College basketball coach, has quickly found a buyer for his Greenwich, Rhode Island, home, which is under contract for $1.9 million. The home, which landed on the market just a week ago, has four bedrooms and six bathrooms. The quick sale suits Cooley, who is headed to the nation’s capital to become the next head coach at Georgetown University. Realtor.com
AROUND NEWS CORP
It’s a Tough Time for Divorcing Couples Who Jointly Own a Home [The Wall Street Journal]
How to Design the Perfect Outdoor Kitchen [The Times of London]
The Tiny Addition That’s Helping This Homeowner Retire the Way We All Dream of One Day [Realtor.com]
Aussie Homeowners Splash Extra for Tranquil Underwater Retreats [news.com.au]
