Manhattan’s Condo Prices Are Inching Back Toward Their Heyday. Not so at These Trump-Branded New York Towers.
Prices at four iconic buildings bearing the former president’s name have underperformed since Donald Trump’s presidency. 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
Townhouse With an Indoor ‘Waterfall’ Is up for Sale in Manhattan’s Upper East Side
Japanese architect Toshiko Mori updated the historic six-bedroom property, which has a large commercial space that recently served as a gallery. Read More
DESIGNER’S CORNER
A Safety Wall Around Your Pool Doesn’t Need to Be an Eyesore
Beautiful landscaping and decorative features are key to jazzing up a pool wall or fence. Read More
NEWS BITES
One of Two Neighboring Frank Lloyd Wright Homes in Michigan Sells
Last fall, two neighboring homes designed by Frank Lloyd Wright in Galesburg, Michigan, were listed together for $4.5 million. Now, just one is left—the Eric and Pat Pratt House, along with the Wright-designed furnishings, has sold for $1.8 million. The Usonian-style home was built in 1951, spans 2,200 square feet, and has two bedrooms and two bathrooms. The other Wright home, the Samuel and Dorothy Eppstein House, has been removed from the market for now, though the owners plan to relist it. Realtor.com
Greater Toronto Home Sales Dropped in May, but Rate-Cut Announcement Could Boost Demand
Toronto-area home sales were down 21.7% year over year in May, according to the Toronto Regional Real Estate Board. The average selling price also fell, dropping 2.5% from May 2023 to C$1.2 million (US$875,707). New listings, however, rose significantly in May, up 21.1%. The Bank of Canada announced on Wednesday a quarter-percentage-point interest rate cut—the first in more than four years—reducing the country’s benchmark rate to 4.75%. With borrowing costs down, more buyers are expected to enter the market. BNN Bloomberg
Lavish Billionaires’ Row Penthouse Lists for $150 Million in Manhattan
A duplex penthouse in Central Park Tower has hit the market for a whopping $150 million. Even at that price, it’s not the most expensive listing in New York City, with the supertall also selling a $195 million unit. Located on the 127th and 128th floors, the penthouse is 1,382 feet above street level, taking a minute to reach by elevator. Across its 11,535 square feet, there are eight bedrooms and nine bathrooms. Floor-to-ceiling windows overlook Central Park and the surrounding skyline. New York Post
With Supply Down, Australian House Prices Surge
House prices in Australia increased 8.3% in May on an annual basis, according to data from CoreLogic. Prices have risen for six straight months, and were also up by 0.8% from the previous month. The median home price in Sydney is now about A$1.16 million (US$770,129), matching its January 2022 peak. The spike in home prices can largely be attributed to tight supply. PropertyWire
AROUND NEWS CORP
Las Vegas, Land of the Single-Family Home, Is Going All-In on Condos [The Wall Street Journal]
21 of the Best Luxury Mallorca Villas to Book Now [The Times of London]
Sculptural Ramp House in Austin Rolls Onto the Market for $1.6 Million [Realtor.com]
Queensland, Australia, Tops List of States With Worst Housing Stress as Renters, First Home Buyers Face Tough Market [news.com.au]
