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1SothebysRealty.com 1Masthead art: Montagne Sainte Victoire,
View from the Southwest by Paul Cezanne © MMXIV Sotheby’s
International Realty® Affiliates LLC. All Rights Reserved.
Riverbank used with permission.
BEIJING — “Since our grand opening in October 2014, Beijing
Sotheby’s International Realty has been attracting the attention of
leaders in China’s luxury real estate industry. From top developers
to leading real estate brokers, the power and global reach of
the Sotheby’s International Realty brand is causing a paradigm
shift with how homeowners list exclusive properties in Beijing. We
are already starting to see increased interest by overseas buyers
who see opportunity with the recent weakening of the Chinese
economy and depreciation of the Yuan.
Most recently, Beijing Sotheby’s International Realty secured
exclusive representation for a traditional Courtyard Garden home or
Siheyuan (“Four Sided Garden”), the historic symbol of old Beijing.
With architectural roots that date back over 1,000 years, these
ancient residences are being restored and selling for record
prices. This 17,000 square foot historic home is fully updated with
modern amenities, beautifully preserved ancient rosewood
architecture and situ-ated in the center of Beijing - just blocks
from Beijing’s Palace Museum. The seller has listed this treasure
exclusively with Beijing Sotheby’s International Realty for $79
million (USD).”
– Yu Tao, Senior Manager, Beijing Sotheby’s International
Realty
V i e w s f r o m a r o u n d t h e w o r l d
�his issue of Perspectives highlights many noteworthy
proper-ties to recently come to market: from the $43 million Misty
Isle Farms near Seattle to a $5.5 million North Carolina
masterpiece with pop culture significance. We also feature many
notable sales that serve as a testament to the luxury real estate
market’s strength including an East Hampton, New York, oceanfront
compound for $93.9 million and a Hong Kong home for $58,025,209
(USD).
Also in this issue, our affiliates and their independent sales
pro-fessionals working in Beijing; Bethesda, Maryland; and Venice,
give us an insider’s view of current market conditions. For an even
greater in-depth look at many of today’s key markets for luxury
real estate, I invite you to read the inaugural Wealth-X and
Sotheby’s International Realty® Global Luxury Residential Real
Estate Report 2015, which can be accessed here. The report was
designed to
provide valuable insights into the landscape of today’s ultra
high-end market, and also to more clearly define the
characteristics of those buying and selling in that segment, their
motivations and destinations of interest.
This issue’s lifestyle comparison also celebrates a broad
spectrum of property types… But whatever lifestyle suits your
needs, you can search for the ideal property at
sothebysrealty.com.
Enjoy this issue of Perspectives!
Sincerely,Philip WhitePresident and Chief Executive
OfficerSotheby’s International Realty Affiliates LLC
Beijing Sotheby’s International Realty recently secured
exclusive representation for this traditional Courtyard Garden
home
http://www.sothebysrealty.com/extraordinary-living-blog/global-luxury-residential-real-estate-report-2015/http://www.sothebysrealty.com
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2SothebysRealty.com 1Masthead art: Montagne Sainte Victoire,
View from the Southwest by Paul Cezanne © MMXIV Sotheby’s
International Realty® Affiliates LLC. All Rights Reserved.
Riverbank used with permission.
V i e w s f r o m a r o u n d t h e w o r l dcont inued
BETHESDA, MARYLAND — “Downtown Bethesda has become a magnet for
Washington, DC-area residents who long for the conveniences of a
car-free urban lifestyle but don’t want to leave Montgomery County,
Maryland, for work or family reasons. Although the market has
lagged a bit behind Washington, DC proper, prices are on the way up
and the range of housing options have expanded dramatically. Some
of the most luxurious and inspiring condo projects in the DC area
are now being built in Bethesda. According to a recent Fortune
magazine article, Bethesda is the new Aspen!”
– David DeSantis, Partner/Managing Broker, TTR Sotheby’s
International Realty
VENICE — “Venice continues to increase its importance on the
world stage for both its historical provenance and its key place in
the art world, hosting the Biennale d’arte for all the major
world players of the Contemporary Art scene, as well as having
several established important galleries and exhibitions, the Film
Festival and much more.
Because of this strong international profile, and with almost
exclusively properties of high intrinsic value, Venice has resisted
the recent general economic downturn well....sellers at the top
level have not been desperate to sell and have preferred to wait
for the right offer for what they know to be a unique property.
This led to a frustrating slowdown in the market in the short term
but ultimately was key in preserving the values which Venice
justifiably demands. Given that each property is
unique, pricing continues to be a challenge, but we feel that
it will remain a seller’s market and values will hold and increase
in 2015. As well as important historic properties, we are now
seeing examples of top level contemporary design homes come to
market, such as this loft on Giudecca (click here for a
video).”
– Ann-Marie Doyle, chief executive officer, Venice Sothebys
International Realty
TTR Sotheby’s International Realty “The Lauren” Bethesda, MD |
$4,845,000 | Prop ID: LGCS5J
Venice Sotheby’s International Realty has listed this
contemporary loft on Giudecca
http://fortune.com/2015/01/14/bethesda-luxury-real-estate/http://www.sothebysrealty.com/eng/sales/detail/180-l-628-sn7b5y/top-designer-loft-apartment-venice-ve-30133http://www.venicesothebysrealty.com/property_in_venice/ve214/video.phphttp://www.sothebysrealty.com/eng/sales/detail/180-l-559-lgcs5j/the-lauren-bethesda-md-20814
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3SothebysRealty.com 1Masthead art: Montagne Sainte Victoire,
View from the Southwest by Paul Cezanne © MMXIV Sotheby’s
International Realty® Affiliates LLC. All Rights Reserved.
Riverbank used with permission.
Ed Petrie and Fred Butti of Sotheby’s International Realty -
East Hampton Brokerage in East Hampton, New York, recently
listed and sold a newly-assembled oceanfront compound on famed Lily
Pond Lane for a combined $93.9 million. Combined, the three
properties com-prise a total of 6.2 acres with direct frontage on
the Atlantic ocean. The sale was the highest brokered transaction
in Long Island, New York’s popular resort community of the Hamptons
in 2014.
Alan Man, director and head of sales division for Hong Kong
Sotheby’s International Realty sold a luxurious free-standing
detached house in a prestigious area surrounded by rolling hills
and overlooking the city for $58,025,209 (USD), 450,000,000 (HKD).
The home has a well-appointed contemporary interior and amazing
outdoor space on the rooftop terrace. It also has a huge private
garden that attached with a swimming pool. This spacious,
light-filled home features high ceilings to accentuate the elegant
overall design. The house is also refurbished in white marble walls
and flooring throughout, with every level in the home constructed
with a separated open staircase and a private elevator with access
to every level. There is a dome-shaped skylight window ceiling
which completes the overall luxurious design.
Sotheby’s International Realty - East Hampton Brokerage in East
Hampton, New York, listed and sold this newly-assembled oceanfront
compound for a combined $93.9 million
Hong Kong Sotheby’s International Realty sold this townhouse for
$58 million (USD)
n o t a b l e s a l e s
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4SothebysRealty.com 1Masthead art: Riverbank by Konstantin
Alexeyevich Korovin © MMXIV Sotheby’s International Realty®
Affiliates LLC. All Rights Reserved. Riverbank used with
permission.
Premier Sotheby’s International Realty sold this Marco Island
property for $7.5 million
Cathy Rogers of Premier Sotheby’s International Realty in Marco
Island, Florida, sold the highest priced residential sale on Marco
Island in seven years, according to the Marco MLS. The 19,800
square foot property sold for $7.5 million and overlooks the Gulf
of Mexico. There is an Olympic-sized pool, 10-seat movie theatre,
five bedroom suites, two master suites and expansive lanai.
LIV Sotheby’s International Realty in Colorado is representing
the Colorado Golf Club, a residential community of approximately
170 homes and home sites in Parker, Colo., and has recorded 15
sales totaling nearly $12 million in 2014, according to Mimi
Sturtevant, the firm’s on-site real estate broker. LIV Sotheby’s
International Realty represents both Betts Lake homes and the
custom home sites at Colorado Golf Club. The Colorado Golf Club
commu-nity offers homebuyers two unique homeownership
opportunities. Betts Lake Homes, which features lakefront home
sites with four floor plans designed by award-winning TKP
Architects, are built by Masterpiece Homes. Prices start at
$895,000, but are expected to increase in early 2015, according to
Mimi. An additional 38 custom home sites are also available for
sale, which offer buyers the opportunity to select their builder.
Click here for a blog with more information.
n o t a b l e s a l e scont inued
LIV Sotheby’s International Realty in Colorado sold this Bets
Lake home for $1.2 million
http://mimisturtevant.livsothebysrealty.com/enghttp://www.coloradogolfclub.com/http://tkparch.com/http://masterpiececustombuilders.com/https://www.coloradorealestatediary.com/blog/2015/01/29/colorado-golf-club-reports-record-real-estate-sales-in-2014/
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5SothebysRealty.com 1Masthead art: Montagne Sainte Victoire,
View from the Southwest by Paul Cezanne © MMXIV Sotheby’s
International Realty® Affiliates LLC. All Rights Reserved.
Riverbank used with permission.
Brad Vancour of Realogics Sotheby’s International Realty in
Seattle, Washington, has listed Misty Isle Farms on Vashon Island,
near Seattle for $43 million. This 525-acre land portfolio is
comprised of 47 tax parcels, a private lake, driving range with a
pitching and putting green to PGA standards, equestrian barns,
miles of trails and a 2,200-foot private landing strip with
helipad. The largest island in south Puget Sound, Vashon Island is
slightly larger than Manhattan and accessible either by ferry and
private boat or aircraft into Seattle. The island retreat has more
than 3,000 specimen trees planted within and around the perimeter
of the ranch comprising some 200 varietals. The grounds are
maintained by a full-time, registered arborist. In addition to the
three-acre man-made lake, there are numerous water features that
flow beneath six artisan bridges connecting expansive brick laid
pathways throughout the private arboretum. The 6,500 square foot
main residence is just one of eight single-family homes on the
estate and boasts a stocked cellar with a vintage wine collection.
Originally crafted as an Arabian Horse Ranch, the equestrian estate
features fenced grass pastures, world-class stables and even a
12,000 square foot indoor arena. For more information, click here.
To read the firm’s blog on listing the home, click here. For a blog
on a recent Broker’s Open held at the home, click here.
l i s t i n g s o f d i s t i n c t i o n
Realogics Sotheby's International Realty | St Vashon, Washington
| Price Upon Request | Prop ID: RES4X5
http://www.sothebysrealty.com/eng/sales/detail/180-l-3591-res4x5/misty-isle-farms-vashon-wa-98070http://blog.rsir.com/2014/12/misty-isle-farms-for-43-million-puget-sounds-most-expensive-residential-estate-on-vashon-island-viewed-as-a-relative-deal-by-experts/http://blog.rsir.com/2014/12/misty-isle-farms-for-43-million-puget-sounds-most-expensive-residential-estate-on-vashon-island-viewed-as-a-relative-deal-by-experts/http://blog.rsir.com/2015/02/misty-isle-vip-broker-open/http://www.sothebysrealty.com/eng/sales/detail/180-l-3591-res4x5/misty-isle-farms-vashon-wa-98070
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6SothebysRealty.com 1Masthead art: Montagne Sainte Victoire,
View from the Southwest by Paul Cezanne © MMXIV Sotheby’s
International Realty® Affiliates LLC. All Rights Reserved.
Riverbank used with permission.
Nick Phillips of Landmark Sotheby’s International Realty in
Wilmington, North Carolina, has listed the residence that is cited
as the inspiration and interior shot backdrop for Madeleine Stowe’s
“Grayson Manor” on ABC’s popular television drama “Revenge.” This
West Indies inspired masterpiece is listed for $5.5 million and set
high on a bluff overlooking the Intra-coastal Waterway and Atlantic
Ocean. Old world architecture and precision craftsmanship can be
found in every finish of this magnificent home designed by renowned
architect Charles Dietsche. There is a floating wet bar,
1,500-bottle climate controlled wine cellar, fireplace and
waterfront billiards room. One of the most dramatic features of the
home is the great room’s sliding doors that open the living area to
the poolside veranda. The infinity pool blends seamlessly into the
blue waters of the Intracoastal Waterway. Exterior features include
lush landscaping, infinity pool, spa, outdoor fireplace, as well as
an herb garden and putting green. The home is located in Landfall,
a private gated country club community located just minutes from
Wrightsville Beach and Historic downtown Wilmington. Landfall
features 45 holes of championship golf designed by Jack Nicklaus
and Pete Dye, and is considered the premier private golf community
on the North Carolina coast. Click here for more information.
l i s t i n g s o f d i s t i n c t i o ncont inued
Landmark Sotheby’s International Realty in Wilmington |
Wilmington, NC | $5,500,000 | Prop ID: 8L934N
Fran Ehrlich of Sotheby’s International Realty-Greenwich
Brokerage in Connecticut has listed an approximately 30.97-acre
park-like Conyers Farm compound on majestic Converse Lake for
$27.895 million. The quietly elegant stone-and-shingle residence
was designed by influential architect Alan Wanzenberg. The
versatile floor-plan is ideal for family living and grand-scale
entertaining with seven bedrooms, eight full and five half
baths. The estate also features a guest house with two apartments,
pool with pool house, tennis court, three-hole golf course
and garages for five cars. Click here for more information and
here for an article in The Wall Street Journal.
Sotheby’s International Realty-Greenwich Brokerage | Greenwich,
CT | $27,895,000 | Prop ID: 0067429
http://www.sothebysrealty.com/eng/sales/detail/180-l-3775-8l934n/the-most-coveted-home-on-television-wilmington-nc-28405http://www.sothebysrealty.com/eng/sales/detail/180-l-3775-8l934n/the-most-coveted-home-on-television-wilmington-nc-28405http://www.sothebyshomes.com/greenwich/sales/0067429http://www.wsj.com/articles/greenwich-connecticut-estate-with-sports-galore-listing-for-27-895-million-1421950374http://www.sothebyshomes.com/greenwich/sales/0067429
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7SothebysRealty.com 1Masthead art: Montagne Sainte Victoire,
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International Realty® Affiliates LLC. All Rights Reserved.
Riverbank used with permission.
l i f e s t y l e c o m p a r i s o nWINE COUNTRY
HISTORIC ESTATE, SIENA, ITALYTUSCANY SOTHEBY’S INTERNATIONAL
REALTY$19.82 million (USD)
This historic estate in the heart of the Chianti Classico dates
back to the 18th century. The prop-erty includes approximately 154
hectares of land, 15 of which are vineyards, and an additional 13
can be transformed into vineyards. The winery produces mainly
Chianti Classico wine. There are ancient wine cellars excavated in
rock, together with vaulted ceilings where wine is stored in oak
barrels and barriques. Click here for more information.
CASEY FLAT RANCH, GUINDA, CALIFORNIADECKER BULLOCK SOTHEBY’S
INTERNATIONAL REALTY$19.8 million (USD)
Casey Flat Ranch consists of 5,284.43 acres in the Capay Valley
and abuts the eastern border of Napa Valley, 90 minutes from San
Francisco. There are 24 acres of vineyard, a 5,000 square foot main
house and pool. The vineyard produces grapes for wines under two
brands: “Casey Flat Ranch” and “Open Range.” The varietals produced
include Cabernet Sauvignon, Caber-net Franc, Syrah, Grenache,
Mourvedre, Sauvignon Blanc and Viognier. Click here for more
information.
Prop ID: WN2DZK Prop ID: VP3KZW
http://www.sothebysrealty.com/eng/sales/detail/180-l-2945-vp3kzw/property-with-vineyard-and-olive-groves-in-chianti-siena-si-53013http://www.sothebysrealty.com/eng/sales/detail/180-l-702-wn2dzk/casey-flat-ranch-guinda-ca-95637http://www.sothebysrealty.com/eng/sales/detail/180-l-702-wn2dzk/casey-flat-ranch-guinda-ca-95637http://www.sothebysrealty.com/eng/sales/detail/180-l-2945-vp3kzw/property-with-vineyard-and-olive-groves-in-chianti-siena-si-53013
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8SothebysRealty.com 1Masthead art: Montagne Sainte Victoire,
View from the Southwest by Paul Cezanne © MMXIV Sotheby’s
International Realty® Affiliates LLC. All Rights Reserved.
Riverbank used with permission.
l i f e s t y l e c o m p a r i s o nRESORT
LYFORD VIEW, BAHAMASLYFORD CAY SOTHEBY’S INTERNATIONAL REALTY$12
million (USD)
Lyford View is an 8,600 square foot colonial-style home with a
modern interior. Set atop an elevated 1.67 acre double lot,
spectacular views can be enjoyed of the Lyford Cay Golf Course and
the ocean. Surrounded by mature native trees and vast lawns, Lyford
View is spacious inside and out. Click here for more
information.
MOUNTAIN RETREAT, BRITISH COLUMBIA, CANADASOTHEBY’S
INTERNATIONAL REALTY CANADA$12.77 million (USD)
This custom built, secluded mountain retreat is situated on 4.3
exclusive private acres hidden and nestled amongst old growth trees
in the prestigious Stonebridge subdivision comprised of 30 lots on
400 acres. The floor plan encompasses five bedrooms (all ensuite),
loft, seven bathrooms, media room, family room with gas fireplace,
games room with gas fireplace, elegant wine room and a gym. Click
here for more information.
Prop ID: 89T5LNProp ID: EPFK5F
http://www.sothebysrealty.com/eng/sales/detail/180-l-1144-epfk5f/lyford-view-lyford-cay-nphttp://www.sothebysrealty.com/eng/sales/detail/180-l-987-89t5ln/secluded-mountian-retreat-on-acreage-whistler-bc-v0n1b5http://www.sothebysrealty.com/eng/sales/detail/180-l-987-89t5ln/secluded-mountian-retreat-on-acreage-whistler-bc-v0n1b5http://www.sothebysrealty.com/eng/sales/detail/180-l-1144-epfk5f/lyford-view-lyford-cay-np
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9SothebysRealty.com 1Masthead art: Montagne Sainte Victoire,
View from the Southwest by Paul Cezanne © MMXIV Sotheby’s
International Realty® Affiliates LLC. All Rights Reserved.
Riverbank used with permission.
THE GUEST RANCH AT CRESCENT H, WYOMINGJACKSON HOLE SOTHEBY’S
INTERNATIONAL REALTY$14.8 million (USD)
This 88-acre property (Tracts 10 and 16) is the site of the
historic Crescent H Ranch Lodge of 3,300 square feet. In addition,
it includes a three-bedroom, three-bath, 2,100 square foot separate
log home known as the Liars Den, and two guest cabins with one
bedroom and a full bath. Click here for more information.
BUENOS AIRES FARM, ARGENTINAARGENTINA PROPERTIES SOTHEBY’S
INTERNATIONAL REALTY $14 million (USD)
The farm “La Favorita” is framed in a large grove of fine and
varied tree species of about 35 hectares. The main house is Spanish
colonial style, with 11 suites, kitchen with dining room, golf
course and swimming pool. Click here for more information.
© 2015 Sotheby’s International Realty Affiliates LLC. All Rights
Reserved. Sotheby’s International Realty Affiliates LLC fully
supports the principles of the Fair Housing Act and the Equal
Opportunity Act. Each Office is Independently Owned and Operated.
Sotheby’s International Realty and the Sotheby’s International
Realty logo are registered (or unregistered) service marks licensed
to Sotheby’s International Realty Affiliates LLC.This newsletter is
provided for informational purposes only and is not intended, nor
shall it be deemed, to provide or offer legal, financial or tax
advice or guidance. The views and opinions set forth in this
newsletter are not necessarily the views and opinions of Sotheby’s
International Realty Affiliates LLC. You should always consult with
your own advisor when dealing with any of the issues visited
herein.
l i f e s t y l e c o m p a r i s o nRANCH
Prop ID: PQTZMN Prop ID: Z75VYL
http://www.sothebysrealty.com/eng/sales/detail/180-l-762-pqtzmn/formerly-the-guest-ranch-at-crescent-h-wilson-wy-83014http://www.sothebysrealty.com/eng/sales/detail/180-l-618-z75vyl/amaizing-farm-in-buenos-aires-buenos-aires-buhttp://www.sothebysrealty.com/eng/sales/detail/180-l-762-pqtzmn/formerly-the-guest-ranch-at-crescent-h-wilson-wy-83014http://www.sothebysrealty.com/eng/sales/detail/180-l-618-z75vyl/amaizing-farm-in-buenos-aires-buenos-aires-bu