Posts

Rental market is not a good indicator for sales in New York and San Francisco.

Image
  Francisco are suffering as former city dwellers seek out square footage and outdoor space in the suburbs. In Manhattan, median rents have dropped below $3,000 for the first time in a decade, and the borough’s rental listing inventory reached a 14-year high, according to the September 2020 Elliman Report. “The rental market is weak because all the things that make Manhattan so cool—the cultural offerings, ease of transportation, walkability—ordinarily offset living in a smaller space for renters,” said Jonathan Miller, chief executive of real estate appraisal firm Miller Samuel and author of the Douglas Elliman market report. “Now there’s not as much to keep renters here until things are resolved.” The situation is similar in San Francisco, which has seen the largest drop in rents in the country, according to a realtor.com report. (Mansion Global is owned by Dow Jones. Both Dow Jones and realtor.com are owned by News Corp.) More : In Winter Resor...
Post a Comment
Read more

Coral Gables, Florida, Mansion—On the Market for $34 Million—Heads to Auction

Image
  A waterfront mansion in Florida’s Coral Gables that has previously been accompanied by a price tag as steep as $45 million will be auctioned next month without a reserve to the highest bidder. The expansive Tuscan-style spread will go under the hammer on site on Aug. 8 with Platinum Luxury Auctions, and until then, remains available to purchase for its most recent asking price of $34 million, listing records show. Built in 2009, the 10-bedroom mansion sits on a peninsula bordered by beaches within the ultra-exclusive, gated community of Tahiti Beach, which is home to fewer than 30 estates. Its lot and location are “far and above, the best and most unique feature of this property,” according to Trayor Lesnock, president and founder of Platinum Luxury Auctions. “The property’s private, 1.4-acre parcel, wide-open bay and ocean views and ‘semi-private’ beach are not at all common,” he told Mansion Global in an email. “There are perhaps a handful, at most, of similar parcels in all of...
Post a Comment
Read more

Clifftop Villa in Mallorca Heads to Auction Next Week

Image
INSURIFY   A clifftop villa on the Spanish island of Mallorca, overlooking the Mediterranean Sea, is set to be sold at auction next week.  The five-bedroom home will go under the hammer on Nov. 12 online with Concierge Auctions, in cooperation with Sergey Kotrikadze of Imperial Properties. Described by Mr. Kotrikadze as a “top-level property, full of harmony, beauty, quality, and with [an] absolutely prime location,” the home, dubbed Ca’n Zen, is also on the market for €5.95 million (US$7 million). :eq(3)" in-at16units-append="#mg-article-wrap > :eq(3)" in-at4units-append="#mg-article-wrap > :eq(3)" in-at8units-append="#mg-article-wrap > :eq(3)" in-base-append="#right-rail" intent="" style="box-sizing: border-box; margin: 40px 0px; text-align: center;"> Fitted with a contemporary Spanish interior, the villa has features including natural stone tile floors, arched doorways and wooden ceiling beams. “Ca’n Zen ...
Post a Comment
Read more

Roofstock: A Single Home Property Manager

Image
  Roofstock is an online marketplace for investing in leased single-family rental homes in a transparent and low-friction way. The company provides its clients with research, analytics, and insights to evaluate and purchase independently certified properties at set prices. It enables its investors to treat their real estate investments more like stock portfolios, focusing on asset allocation, rather than researching, and buying vacant homes that need to be repaired and leased. Founded in 2015, Roofstock gets its funding from Bain Capital, Ron Conway, Khosla Ventures, Marc Benioff, and other investment companies. It is headquartered in Oakland, California.  STARTED WITH ROOFSTOCK TODAY FOR FREE
Post a Comment
Read more