WSJ Real Estate

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Nearly two months after hitting the market, the Coconut Grove home of Miami “condo king” Jorge Perez has found a buyer: cannabis executive Jonathan Sandelman. on.wsj.com/3A3UHWe
Mr. Glaser was also the recent buyer of the late financier Jeffrey Epstein’s Palm Beach home. He recently demolished that home and plans to build a new one in its place. on.wsj.com/3hlAL9L
The developer said he's obtained approvals to expand the house to around 25,000 square feet with roughly 14 bedrooms and a hair salon, gym and spa. Plans also call for an octagonal tennis pavilion and a golf practice area with tees and sand traps. on.wsj.com/3lbJqwT
The island set a record for a non-oceanfront home in Palm Beach when it sold for $85M. Since then, strong demand for luxe homes has caused prices to soar. The developer estimates eight homes have sold for $100M or more in Palm Beach in the last 18 months. on.wsj.com/2YznxzJ
Buyers have two options: They can pay $120 million for the property as is, or $200 million with an extensive renovation and addition completed. It is possible that the latter price tag could increase by the time the project is finished in about 10 months. on.wsj.com/2YznxzJ
“A $100 million house isn’t that crazy any more, believe it or not." South Florida real-estate developer Todd Glaser is listing Tarpon Island in Palm Beach for $120 million, just months after buying the 2-acre property for $85 million. wsj.com/articles/priva…
A 20,122-square-foot Houston home with a 2,400-square-foot regulation size ballroom over the garage has hit the market for $13.95 million. on.wsj.com/3le1czx
A private island in Palm Beach will hit the market for $120 million, just months after selling for $85 million wsj.com/articles/priva… via @WSJ
Retweeted by WSJ Real Estate
A private island in Palm Beach will hit the market for $120 million just months after a South Florida developer and his partners paid $85 million for the property. on.wsj.com/3jV845q
Homeowners are more insistent than ever on having bold pieces front and center and designers—typically used to having the final say—are having to sharpen one of their least-favorite tools: compromise. on.wsj.com/3tAMkz2
Is it an annual visit to a childhood home? Or is it just stalking? My latest #homeownerous for the @WSJ wsj.com/articles/stalk…
Retweeted by WSJ Real Estate
Is it an annual visit to a childhood home? Or is it just stalking? on.wsj.com/3hhJFoS
Tampa Bay Buccaneers co-owner Darcie Glazer Kassewitz is asking $55 million for her 2-acre Palm Beach property with 200 feet of frontage along the Intracoastal Waterway. on.wsj.com/3DW2Q1c
Taran Wilkhu and Céline Dalcher Wilkhu spent nearly $170,000 transforming a timber-framed, cabin-style property designed by modernist architect Walter Segal into a more spacious family home. on.wsj.com/3n9ofOy
I.M. Pei’s New York City home sold for $8.6 million. But it pales in comparison to the art within it, which fetched over $25 million at auction when the home was first listed in 2019. on.wsj.com/3yXfwkJ
“Billions’ actor Corey Stoll struggled with his weight as a kid, but used it to his advantage. “The experience gave me empathy and experience being an outsider.” on.wsj.com/3yS83n4
On St. Barts, a roughly 17,000-square-foot home with its own nightclub has listed for $80 million. If it sells for close to that amount, it will be one of the priciest deals ever recorded on the island. on.wsj.com/2WOdXbA
The pandemic inspired homeowners to repurpose their garages into gyms, classrooms and even pubs on.wsj.com/3hjmXgj  #WSJWhatsNow
Retweeted by WSJ Real Estate
Despite devastating fires and another record drought, real estate in California wine country is booming. twitter.com/i/events/14338…
“It’s astounding.” Come devastating wildfire or record drought, real estate in California wine country refuses to skip a beat. wsj.com/articles/calif…
Retweeted by WSJ Real Estate
“We racked our brains for where there’s a better or even equal place to live,” says Mr. Spangenberg. “We would love to leave. We’ve talked about leaving over and over. But this is just such a great place to live.” More from @WSJRealEstate's @nkeates: wsj.com/articles/calif…
Instead of leaving, they bought a house in nearby Santa Rosa, paying $3.45M in June 2020 for the Mediterranean in a golf club community considered a lower fire risk. They secured fire insurance for $6K/year and bought a whole-house generator for $60K. on.wsj.com/3BGesne
When David Spangenberg and Peggy Matsuda decided to sell last year, they were surprised to find a huge amount of demand. They sold their Healdsburg house for $2.4 million—more than double what they’d paid in 2010. on.wsj.com/3BGesne
Before Covid, prices in Napa and Sonoma were rising, but not as fast as Silicon Valley and adjacent, more affordable counties like Alameda. The pandemic changed those dynamics, with inner-county residents moving to more rural and suburban counties. on.wsj.com/3BGesne
Psychology also plays a role. “So far, people have a short-term memory regarding natural disasters,” says Patrick Carlisle, chief market analyst in the San Francisco Bay Area for @Compass. wsj.com/articles/calif…
The market is being driven by the same pandemic demand, rising stock market and low mortgage rates fueling real estate elsewhere. Wildfires add another element to the equation by exacerbating supply shortage, as displaced homeowners seek a place to live. on.wsj.com/3BGesne
Home sales tend to halt during and immediately after a wildfire event, says Zack Sperow, a real-estate agent with More Estates—both because buyers retreat and insurance companies won’t sign on. Then it picks up again after a few weeks. on.wsj.com/3BGesne
But recently, home prices in California’s wine country soared to record highs. Napa’s median price was $900K in Q2/2021, up 23% from $695K in Q2/2019, while Sonoma’s median price rose 17% to $785K. Sales are particularly strong on the high end. on.wsj.com/3BGesne
Evacuations and water restrictions are no longer freak occurrences in Napa and Sonoma. Since the Tubbs Fire in 2017, the area has been besieged with massive wildfires, including five fires in 2020. Smoke has already created a haze at times this summer. on.wsj.com/3BGesne
In California wine country, Napa and Sonoma counties are seeing property values boom—despite devastating fires and record drought. wsj.com/articles/calif…
Despite devastating fires and another record drought, real estate in California wine country is booming. wsj.com/articles/calif… via @WSJ
Retweeted by WSJ Real Estate
The market in California wine country is being driven by the same pandemic demand, rising stock market and low mortgage rates that are fueling real estate elsewhere. Wildfires just add another element to the equation by exacerbating the shortage of supply. wsj.com/articles/calif…
The Weeknd has spent $70 million on a swanky Bel Air mansion, generating one of the largest deals closed in Los Angeles so far this year. wsj.com/articles/the-w…
Once considered a value killer, outdoor pools in Midwest cities like Chicago have become a hot commodity—and even a selling point. wsj.com/articles/pool-…
“I can tell a lot about a person by their car. Sometimes it determines whether I do their house or not.” Architect Patrick Ahearn designs carriage houses and car barns for the automotive obsessed. wsj.com/articles/patri… via @WSJ
Retweeted by WSJ Real Estate
“I can tell a lot about a person by their car. Sometimes it determines whether I do their house or not.” Architect Patrick Ahearn designs carriage houses and car barns for the automotive obsessed. on.wsj.com/3jjJF9m
Former Vodafone CEO Arun Sarin is listing his Bay Area home for more than double what he paid for the property in 2007. on.wsj.com/3zscFBy
🎧 Turn your#garagee into a bar, or a gym? Lots of folks are re-doing the garage to create more#wfhh living space.@WSJRealEstatee reporter@CandaceETaylorr checks in about the projects, the cost, and impact on home resale value.on.wsj.com/3krOY5VB@WSJJ
Retweeted by WSJ Real Estate
You can choose to share a garage. Or you can battle it out with every car-owning member of your household. on.wsj.com/3sPGw4e
What do an art studio, a home gym and a pub all have in common? They all spent their past lives as home garages. on.wsj.com/3yfYj5O
A place to park, and plug in: Homeowners with electric vehicles are building or retrofitting their garages to equip them with powerful charging stations. on.wsj.com/3kqD8sB
Your garage could be your next big rental opportunity. Here’s what you should know before turning it into an accessory dwelling unit. on.wsj.com/38aJVkL
When Alyssa Limperis became briefly paralyzed as a kid, she moved in with her grandfather on the ground-floor extension of their home. “I learned a lot about comedy’s power to break tension and the necessity of laughter in dark times.” on.wsj.com/3zhHYPb
HOAs were created, as are most hellish things, with the best of intentions. But there's a reason why many people who buy HOA-governed homes vow to never do it again. wsj.com/articles/joini…
There is a reason why many people who buy a condo vow never to do it again. That reason is the HOA. wsj.com/articles/joini…
In Nevada, an eight-bedroom home built by geologist Charles Steen, who found rich uranium deposits in Utah, is hitting the market for $30 million. on.wsj.com/3B4H60P
Private outdoor pools have become a hot commodity during the pandemic, even in places like the Midwest where warm weather is limited on.wsj.com/3j6zvJb
Retweeted by WSJ Real Estate
Vacation-rental ownership among young adults is on the rise. twitter.com/i/events/14288…
More on why vacation-rental ownership is on the rise from @WSJRealEstate: on.wsj.com/38fzrAF
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