Tag: Luxury Real Estate

Maintaining a regular wellness routine is easy when a top-tier fitness equipment, private pools, saunas, and sports courts are at home, just steps away. 

Beverly Hills Villa

Fariba Bolour | Sotheby’s International Realty – Beverly Hills Brokerage

In a prime location in Beverly Hills, this magnificent Mediterranean-inspired estate boasts voluminous light-filled spaces, including formal living and dining rooms, a game room with a wet bar, a chef’s kitchen, a family room with a fireplace, and a wine cellar. A gym or dance studio will please fitness aficionados. One of eight bedrooms, the grand primary suite features two baths and closets as well as an office and a balcony overlooking the tranquil swimming pool, spa, and tennis court. 

Modern Southwestern Masterpiece

Gary Bobolsky | Sotheby’s International Realty – Santa Fe Brokerage

At the base of the Sandia Mountains in Albuquerque’sgated Tanoan Country Club, this striking 13,000-square-foot five-bedroom home was painstakingly designed and enjoys a vista of the captivating New Mexico sky.Highlights include living and dining spaces, a bar, chef’s and caterer’s kitchens, a wine cellar and tasting room, a theater, two offices, a billiards and game room, an outdoor kitchen, and a generously scaled gym overlooking a swimming pool and spa.

Bottle Rock Farm

Kevin McDonald, Jamie Spratling | Sotheby’s International Realty – Sonoma Brokerage

Ideal for agricultural pursuits, vineyard development, or simply restful relaxation, this secluded 150-acre retreat features gently rolling terrain, rich soil, a private lake, water rights, and two wells. At its heart is a stylish custom-built and recently updated single–level home with a wrap-around deck that includes a geothermal spa. A detached casita offers two additional bedroom suites. Strewn with heritage oaks and walking trails, the alluring acreage are a virtual personal nature preserve. 

Spa-Inspired Greenwich Sanctuary

Roxana Bowgen | Sotheby’s International Realty – Greenwich Brokerage

Uniting light-flooded interiors with verdant, inviting outdoor spaces, this thoughtfully designed contemporaryhome on four acres in Greenwich’s coveted Round Hill area is a sanctuary for cultivating health and well-being. In addition to five bedrooms, a chef’s kitchen, a theater, a recreation room, living and dining rooms, and an oversized flagstone patio with stunning views, it features an impressive 60-foot indoor pool and spa, a sauna, a steamshower, a gym, and a massage room..

Discover luxury homes for sale and rent around the world on sothebysrealty.com

About Sotheby’s International Realty Affiliates LLC

Founded in 1976 to provide independent brokerages with a powerful marketing and referral program for luxury listings, the Sotheby’s International Realty network was designed to connect the finest independent real estate companies to the most prestigious clientele in the world. Sotheby’s International Realty Affiliates LLC is a subsidiary of Realogy Holdings Corp. (NYSE: RLGY), a global leader in real estate franchising and provider of real estate brokerage, relocation and settlement services. In February 2004, Realogy entered into a long-term strategic alliance with Sotheby’s, the operator of the auction house. The agreement provided for the licensing of the Sotheby’s International Realty name and the development of a full franchise system. Affiliations in the system are granted only to brokerages and individuals meeting strict qualifications. Sotheby’s International Realty Affiliates LLC supports its affiliates with a host of operational, marketing, recruiting, educational and business development resources. Franchise affiliates also benefit from an association with the venerable Sotheby’s auction house, established in 1744.

We are pleased to launch the brand’s exclusive 2023 Luxury Outlook report, an in-depth exploration into high-end real estate markets across the globe. Following two years of residential real estate frenzy and historically low interest rates as a result of the Covid-19 pandemic, the report reveals that many luxury agents are continuing to see interest in high-end properties among the affluent, despite record interest rate hikes. Global wealth creation is expected to increase over the next several years¹, translating to a potential influx of luxury buyers and an increase in price points in high-end property markets around the world.

“Buyers and sellers are once again maneuvering an ever-changing and fast-moving real estate market,” said Bradley Nelson, chief marketing officer, Sotheby’s International Realty. “Our goal for the third edition of the Luxury Outlook report was to couple the expert insight of our agents with the perspectives of leading institutions on the trends affluent buyers can expect in the months ahead to help them make opportunistic transactions in 2023.”

The Sotheby’s International Realty 2023 Luxury Outlook report was compiled by surveying Sotheby’s International Realty agents around the world who transact in the US$10M+ price category. This information was complemented by gathering supporting data from other leading industry experts, including Morgan Stanley; the Federal Reserve; Credit Suisse; Wells Fargo Wealth & Investment Management, the National Association of Realtors; in addition to art and luxury experts at Sotheby’s, the famed auction house, to round out luxury trends in the year to come.

Key findings featured in the report include:

• 2022 is likely to be the year of the international buyer as borders open and vaccinations and boosters roll out

• Sellers are choosing not to sell and take on new mortgages, which could end up being two to three percentage points higher than the ones they have now, protecting home prices from falling

• More than 60% of leading Sotheby’s International Realty agents said inventory is low or very low in their regions

• Now that interest rates have more than doubled over the past year, buyers are turning back to cash

• Credit Suisse, a global investment bank and financial services firm, expects global wealth to increase by US$169 trillion, a cumulative rise of 36%, by 2026

• The U.S. dollar reached a decades-long high, resulting in U.S. buyers flexing their buying power abroad

• Real estate sales across major metaverse platforms totaled US$501 million in 2021, according to MetaMetric Solutions

• The most important amenities for today’s luxury buyers are a salt-water swimming pool, water purification systems, electric car charging stations, and floor-to-ceiling windows

“As a leader in luxury real estate, buyers and sellers know they can turn to Sotheby’s International Realty agents in any market,” said Philip White, president and chief executive officer, Sotheby’s International Realty. “Luxury Outlook is an extension of the service and expertise our clients have come to expect from our brand and offers an inside-look into the biggest happenings in real estate – from how past market corrections can set a stage for what lies ahead, to the up-and-coming global markets for luxury investors.”

Click here to read the complete report

Featuring curated videos from the most sought-after destinations the world over, discover this  week’s Video of the Week.

Lahaina, Hawaii | Island Sotheby’s International Realty

Step into this magnificent and secluded Maui estate perched on two ocean cliff lots overlooking the Pacific Ocean and Moloka’i. This property is unique for its beautiful, quiet setting, as its approximately 100-foot elevation creates a unique private sunset panorama. The estate parallels the ocean from the 12th fairway on Kapalua’s Plantation Golf Course, above and winding along the coastal highway. The main house and detached Ohana-cottage are sited among tropical Hawaiian palms, manicured lawn, flowering trees, exotic shrubs, and native plants.

Designed as a home for family and entertaining, a 6-bedroom, the masterpiece by Hughes Design offers an expansive main house and a charming cottage. Two ground floor ocean view primary suites are separated by well appointed yet casual common area spaces. Retracting glass walls open up the main floor rooms to allow you to marvel and listen to the cobalt blue ocean with stunning views of sunsets rotating between Molokai’i and Lanai, D.T. Flemings beach and Kapalua rock breakwaters from the infinity edge pool or lanai. The home was designed to maximize Pacific Ocean views and Maui sunlight with glass doors in every room to embrace the beauty of West Maui.

From spectacular Pacific Ocean sunsets, seasonal canoe and sailboat events in the Pailolo Channel, whale watching in winter, dolphins and schools of fish jumping, and a spectacular view of the Ritz Carlton fireworks off of D.T. Flemings Beach, the property offers endless scenery.

Guests and family will also enjoy the convenience and find adventure at the top-rated Kapalua Resort Golf, Spa, restaurants, tennis, pickle ball, gym, and hiking trails. Lifeguarded beaches and picnic areas are easily within walking distance or by resort shuttle. As a landowner in the prestigious Plantation Estates, walk across the Plantation Club Drive to the first hole of Kapalua Plantation Golf Course and watch golfing luminaries vie for a win at the PGA Tour’s Sentry Tournament of Champions, played every January.

Discover tours of luxury homes for sale around the world on our award-winning YouTube Channel

Few things are more mesmerizing than the smooth azure ocean as it stretches toward the horizon on a gloriously warm and sunny day. This ±3,800-square-foot condominium—on the third level of a coveted building in the prestigious locale of Palm Beach’s Sloan’s Curve—has a sleek minimalist palette and walls of windows that allow this enviable outlook to take center stage.

Palm Beach, Florida | Fern Fodiman, Sotheby’s International Realty – Palm Beach Brokerage

Nearly every room—including the inviting media room and the three serene bedrooms—opens to a private wraparound balcony, where the views sweep from towering palms across lush verdant lawn to the beckoning beach and the refreshing ocean waters. The living spaces are effortless and fluid, one area flowing to the next with spaciousness and ease.

Perfect for entertaining, the chef’s kitchen is impressively streamlined and impeccably appointed with custom cabinetry and top-of-the-line appliances, including wine storage. An office with thoughtful built-ins adjoins the primary bedroom, as do a walk-in closet and a chic bath with both a glass-walled shower and a soaking tub.

Modern comforts and conveniences abound, from motorized shades to security and water-filtration systems. Ownership of this desirable aerie also includes a two-car garage and an air-conditioned poolside cabana with a living area, a kitchen, and a shower. Residents of the building enjoy round-the-clock security, well-equipped fitness facilities, six clay tennis courts, a swimming pool—ideal for both energetic laps or leisurely floats—surrounded by a generous sun-washed terrace, and the sine qua non of the quintessential Palm Beach life, direct access to the sand and sea.

Discover luxury homes for sale and rent around the world on sothebysrealty.com

Vail, Colorado

Malia Cox Nobrega, Barbara Gardner Scrivens | LIV Sotheby’s International Realty, US$40,000,000

Cave, Cay, The Bahamas

George Damianos | Bahamas Sotheby’s International Realty  , US$55,000,000

Piedmont, California

Michael Dreyfus, Ann Newton Cane |Golden Gate Sotheby’s International Realty, US$23,000,000

Ivanka pri Dunaji, Slovakia

Elena Marekova |Slovakia Sotheby’s International Realty, EUR€2,380,000

Palm Beach, Florida

Lynn Warren, Gary Little |Sotheby’s International Realty – Palm Beach Brokerage, US$24,500,000

Discover previous editions of Significant Sales on the blog

In elegant estates from East Coast to West, these distinctive, expertly appointed bars prove that the best spot for a festive nightcap is often home sweet home.

California Contemporary

Robin Walpert | Sotheby’s International Realty – Santa Monica – Venice Brokerage

This new solar-powered five-bedroom contemporary residence was designed for sophisticated entertaining and luxurious environmentally friendly living. Its superior-quality features include dazzling glass light fixtures in the double-height living room, the adjoining dining area, and the chef’s kitchen; designer wall coverings; motorized window shades; and a home bar with an eye-catching custom stone accent wall. The serene backyard boasts a pool and spa, a gas fire pit, an outdoor kitchen, and drought-tolerant landscaping with a synthetic turf lawn and a drip irrigation system.

Stylish Houston Haven

Donna Wilson | Martha Turner Sotheby’s International Realty

This chic new four-bedroom home enjoys a prime location in an appealing Houston community recognized for its quiet neighborhoods, inviting parks, recreational options, and stylish estates on generous lots. Ideal for entertaining, it features a fluid floor plan with a formal dining room; a cook’s kitchen; a media room; a gathering room opening to a summer kitchen, a saltwater pool and spa, and a fire pit; and a spacious wet bar with a Sub-Zero wine chiller, an ice maker, striking tilework, and Hansgrohe fixtures.

Enduring Elegance on the Upper East Side

Michael Miarecki | Sotheby’s International Realty – Downtown Manhattan Brokerage

Between Park and Lexington Avenues in a 1928 white-glove building designed by renowned architect F. Burrall Hoffman, this distinctive cooperative offers graciously proportioned rooms with original crown moldings and other elegant details. In addition to living and dining rooms, a chef’s kitchen, four bedrooms, and a library, it features a wet bar with a wine chiller and Clarence House wall coverings. Building amenities include bicycle and wine storage, a fitness center, a landscaped garden, a 24-hour doorman, and a resident manager.

Light-Filled Palm Beach Oasis

Casey Flannery | Equestrian Sotheby’s International Realty

Being offered fully furnished, this inviting five-bedroom Palm Beach–area residence boasts a unique combination of spaciousness and quiet privacy. Highlights include a family room adjoining the kitchen, a living room with soaring ceilings, a second-level living area with a deck, and a generous wet bar with a wine chiller. The internationally recognized equestrian community of Wellington offers abundant golf courses, easy access to beaches, popular shops and boutiques, and a wide variety of renowned restaurants.

Discover luxury homes for sale and rent around the world on sothebysrealty.com

Highlights from this week’s top news stories on luxury and global real estate, art, collectibles, and home.

Beverly Hills, California | Sotheby’s International Realty – Beverly Hills Brokerage

Mauritius Sotheby’s International Realty 

Take a look at a destination with a thriving luxury rental market and hear directly from Timo Geldenhuys of Mauritius Sotheby’s International Realty, about why this popular destination for tourists may be the destination for your next rental investment.

Remnants of classic street cobblestones and a striking redbrick façade hint at the provenance of the building that houses this sophisticated three-bedroom loft in SoHo. Designed by prominent young architect Jarvis Morgan Slade, the 1883 cast-iron building was renovated by Lawrence B. Bogdanow in the 1990s and joined with a neighboring building to create a complex of contemporary condominiums sharing a tranquil courtyard.

New York, New York | Mark Mistovich, Daniela Sassoun, Sotheby’s International Realty – East Side Manhattan Brokerage

Although vestiges of 19th-century style remain—in stately columns, for example—the light-flooded residence is undeniably modern and chic. The voluminous open-plan living area, with soaring 12-foot ceilings and ample space for large-scale dining and entertaining, is anchored by an eye-catching gas fireplace with an extended hearth that creates warm built-in seating beside a wall ideal for displaying art. Oversized windows make the most of the home’s multiple exposures, while glass doors admit floods of morning light and open to Juliet balconies overlooking the courtyard. Nearby are a powder room and a discreet bar area with a custom-designed retractable cart. The adjoining chef’s kitchen, which includes space for informal dining, features appliances from Wolf, Miele, and Sub-Zero and a butler’s pantry with a wine chiller and an auxiliary dishwasher.

For quieter, more-intimate moments, the library or media room welcomes with its relaxing ambience, built-in bookshelves, and French doors giving way to a Juliet balcony. Tucked in the quiet southwestern corner behind a wall of steel-framed glass is an office with windows facing Wooster Street, an extensive built-in desk, and streamlined storage. Secluded on the home’s southeast corner, the spacious owner’s bedroom is accompanied by an elegant marble bath with heated floors and both a roomy steamshower and a soaking tub. The two guest bedrooms benefit from en suite baths and thoughtful closet space.

A keypad-controlled elevator connects the building’s lobby directly with an inviting foyer. Residents enjoy central air conditioning, amenities and services that include a full-time superintendent, and the knowledge that their home helps maintain a portion of the history of one of the greatest cities in the world.

Discover luxury homes for sale and rent around the world on sothebysrealty.com

Arthur Goodrich – Sotheby’s International Realty – St. Helena Brokerage

In the heart of the Calistoga Hills, set amid verdant vineyards yielding some of Napa Valley’s most coveted cabernets, you’ll find a sommelier’s dream home.

This 46-acre property previously served as a boutique school for boys, so its grounds play host to all sorts of useful amenities—common rooms and workspaces, studios and a gym, courtyards and sporting greens—that have been thoughtfully remodeled as a resort-like private residence. It’s an ideal destination for anyone, but what it offers to wine connoisseurs is a genuine dream come true.

Form Deserves the Same Consideration as Function

Arthur Goodrich – Sotheby’s International Realty – St. Helena Brokerage

A sommelier’s cellar must meet multiple technical specifications, but this pragmatism shouldn’t come at the expense of aesthetics. The most elegant designs, like the most elegant wines, are experiences as original and memorable as they are opulent and sumptuous.

That’s why dedicated tasting rooms are in-demand, transforming what was once solely a cellar into a sanctum where wine can be enjoyed with all the senses—seen, smelled, swirled, and sampled.

In this particular home, a custom wooden table and seating have been added along with a plush woven rug, conceptually combining the classic wine cellar and the contemporary tasting room in a single, well-appointed refuge. A cellar like this is comfortable for not only the patrons, but for the wine itself.

Temperature and Humidity Must Remain Top of Mind

Of all the rigorous requirements a sommelier’s cellar must abide by, none are more important than temperature. In order for the wine to age at its natural rate, a state-of-the-art facility should maintain the thermostat in a range of 55 to 58 degrees with minimal fluctuations.

Humidity is also a critical factor, and must be kept between 50% and 70%. Any more humid than that, and mold may form on labels and corks; any less, and corks could shrivel slightly, allowing air to percolate through the weakened seal and cause the wine to spoil.

The Right Kind of Light Won’t Put Your Wine at Risk

Arthur Goodrich – Sotheby’s International Realty – St. Helena Brokerage

Wine cellars are typically associated with being bunker-like—sequestered and subterranean, with small faint lights that are rarely left on. This is for good reason, since the sun emits UV radiation that reacts with wine’s phenolic compounds and degrades it, which is why bottles are crafted with tinted glass. In fact, even fluorescent lights cast trace amounts of UV, and like incandescent lights, they also emit heat and can subtly raise the temperature of a wine cellar.

Does this mean that all wine storage has to take place below ground, in darkness? Not at all. With double-layered panes and augmented UV protection, frameless glass wine cellars have gained popularity as a way to store a collection in full view of guests. This property features one on the ground floor, giving it prime placement in the home without the risk of prematurely aging the wine.

But for the traditional wine cellar, cool and bright LED lights are the best option. And because high-end wine cellars can be energy-intensive, their efficiency is a welcome bonus.

Proper Posture Ensures Protection for the Collection

Wine bottles should be laid horizontally when stored in a cellar. The cork is kept moist through contact with the wine, meaning it won’t dry out and damage the seal.

Less well-known is the fact that subtle vibrations, such as the rumbling of a washing machine nearby or the trundling of trucks on a busy thoroughfare, can agitate the wine’s sediments, thus lowering the levels of tartaric and succinic acid that give the drink its signature notes.

Wine, Like Property, is an Investment Worth Making

Kelly Brophy and Olivia Decker – Golden Gate Sotheby’s International Realty

Good wine can be literally worth its weight in gold. That’s another reason why it’s so critical to keep it in pristine condition, from its flavor and corking to its label and original casing. Keep those limited edition boxes somewhere secure, like the deluxe wine cellar in this estate also located in California’s renowned wine country.

Kelly Brophy and Olivia Decker – Golden Gate Sotheby’s International Realty

But before purchasing remarkable wines, purchase the type of property and the type of wine cellar that can protect your investment for the long term. Like fine wine, a fine home will continue to appreciate in value while bringing immense satisfaction to its owner.

Fine wine pairs well with delicious food. Look inside these kitchens for the home chef.

Each of these four eye-catching fireplaces—one an ornate mantel carved from stone, another a sleek contemporary piece clad in dazzling black tile—contribute warmth and style to their singular settings.

Classic, Comfortable Manhattan Haven

Diana Devendorf Rice | Sotheby’s International Realty – East Side Manhattan Brokerage

Overlooking the East River and the terraces of the iconic River House, this renovated Art Deco cooperative residence is a classically elegant aerie on one of Manhattan’s most distinguished tree-lined cul-de-sacs. In addition to a kitchen with custom gray and white cabinets and Miele appliances, it includes two bedrooms—one of which easily functions as an office or library—and a light-filled living room with Tudor-style leaded-glass windows and a stately carved stone wood-burning fireplace.

Estancia del Rio

Gary Bobolsky | Sotheby’s International Realty – Santa Fe Brokerage

Northwest of Santa Fe along the Rio Chama, this remarkably private 1,000-acre property—two separately deeded 500-acre tracts with a private well—enjoys vast views of the glorious scenery memorialized in the works of Georgia O’Keeffe. Landscaped stone paths lead from a home offering a formal stone-walled living and dining space with an oversized arched fireplace to the sleeping casitas. A large soaking pool sits just below the outdoor living spaces, and the ranch enjoys access to the river.

California Contemporary

Robert Radcliffe | Sotheby’s International Realty – Santa Monica – Venice Brokerage

This thoughtfully designed 3,770-square-foot four-bedroom contemporary home allows for the consummate indoor-outdoor California lifestyle. Atop the roof is a deck with 360-degree city views, and the property offers a sauna, an ipe deck, and an additional residence with its own entrance and deck. The open-plan main level consists of a kitchen with top-of-the-line appliances and quartzite countertops, a dining area with a clever interior plant wall, and a welcoming living room with a dazzling custom-tiled fireplace.

Stylish Serenity in Sherman Oaks

 John Giddins | Sotheby’s International Realty – Beverly Hills Brokerage

This stylish and serene home on a quiet cul-de-sac in Sherman Oaks is replete with graceful archways, herringbone-patterned white oak floors, and uncommonly elegant finishes. Its 3,247-square-foot floor plan offers four bedrooms, while the generous backyard features dining and sitting areas, a firepit, a spa, and a built-in grill. Adjoining in an ideal flow for entertaining are a stylish living room, an inviting family room, a gourmet kitchen, and a formal dining room with doors to the backyard and a striking Calacatta marble fireplace.

Discover luxury homes for sale and rent around the world on sothebysrealty.com