DoorsOfYourLife.com » Luxury Real Estate

Where the Rich Want to Live

Doors Of Your Life — Tue, 03 Apr 2012 17:51:11 +0000

Monte Carlo, Monaco is home to the most expensive prime real estate in the world. But according to a study by luxury real estate consultancy Knight Frank, the world’s rich prefer to live in London and New York.

The emerging markets of Asia and Latin America might be where all the world’s growth is heading, but the people that are making the most money off that growth still want to live and invest in Western cities.

Top Ten Today
1. London
2. New York
3. Hong Kong
4. Paris
5. Singapore
6. Miami
7. Geneva
8. Shanghai
9. Beijing
10. Berlin

Read the complete Forbes article here: Where the Rich Want to Live

Luxury condos at S.F. Waterfront get key OKs

Doors Of Your Life — Mon, 26 Mar 2012 06:14:14 +0000

A series of luxury condominiums proposed for San Francisco’s waterfront took a major step toward construction Thursday when city agencies handed the project key approvals.

The proposed project would build two residential buildings with a combined 134 dwelling units on a 3.2-acre, triangle-shaped site on the north side of Washington Street between the Embarcadero and Drumm Street. The existing Golden Gateway Tennis and Swim Club and surface parking lot would be demolished.

read more here: Luxury condos at S.F. waterfront

$2m+ Property Sales: Paragon Has Most Agents Making Sales

Doors Of Your Life — Wed, 14 Dec 2011 20:07:03 +0000

For the 12 months ending 11/30/11, Paragon has more agents selling San Francisco residential properties of $2,000,000 & above than any other brokerage. Paragon is one of the top 4 brokerages nationwide for total unit and dollar-volume sales in this price range. (Paragon also has the most agents selling properties of $1.5m and above, and selling properties $1.75m and above). For total sales in the $1.5m+ price range, they’re in the top 3 brokerages by unit sales. Paragon Real Estate Group confidently navigates the Luxury Real Estate Market in San Francisco.

Hidden Gem on Market only 7 days!

Doors Of Your Life — Sat, 03 Dec 2011 20:09:38 +0000

In mid-November 2550 Green Street came on the market for the first time in 50 years, offering a rare opportunity to own a large view home on one of the best blocks on Cow Hollow. With 5 bedrooms and 4.5 baths, this dramatic home also featured a large lot and elevator to all levels. Most of the baths and kitchen needed to be updated so the new owner would need to spend a bit more on renovations. On the market for 7 days, at least one buyer recognized this hidden gem and this home sold at the list price of $9,500,000.

The Hellman Mansion Hits The Market Listed For $20 Million

Doors Of Your Life — Thu, 22 Sep 2011 21:34:37 +0000

2020 Jackson Street has a storied past. The home was designed by Julius Kraft and built in 1902 by Wells Fargo Bank President Isaias Hellman as a wedding gift for his daughter. 2020 Jackson Street served as the makeshift headquarters of Wells Fargo following San Francisco’s great quake and fire in 1906.

Luxury Sales Strong in 2nd Quarter

Doors Of Your Life — Thu, 28 Jul 2011 17:30:04 +0000

By virtually every statistical measure of supply and demand, the luxury home segment in San Francisco dramatically strengthened in the 2nd quarter. And this is what we are clearly experiencing on the ground in the day to day transactional market here in the city. One always wants to see trends continue for minimally 2 or 3 quarters before jumping to headline conclusions about market declines or rebounds, but right now the signs are quite positive.

Luxury homes are defined as those selling for $1,500,000 and above. The second quarter saw a surge in sales – as is not uncommon in the 2nd quarter/ spring sales season. Luxury house sales were comparable to those of last fall and last spring, but luxury condo, co-op and TIC sales exploded to by far their highest level in 3 years. Closed sales follow accepted-offer activity typically by 4-8 weeks, so 2nd quarter sales figures mostly reflect accepted-offer activity in mid-February to mid-May. Sales $1.5m and above make up about 10% of the overall home market in the city.

As measured by the number of luxury homes accepting offers, the 2nd quarter was the strongest in 3 years: about 15% higher than last year’s figures.

Luxury Sales Best in 3 Years

Doors Of Your Life — Fri, 17 Jun 2011 16:37:33 +0000

Year to date luxury sales – defined as properties selling over $2,000,000- are better than they were in 2009 and 2010! The Single Family Home market is slightly ahead of last year’s sales and the condo/co-op/tic market is significantly better than last year and 2009 with regards to number of sales. We’re still not at the pace we were in 2007 or 2008 though.
# of Sales from Jan 1- June 8; $2,00,000+
Year SFH Condos/Co-Ops/TICS
2011 83 35
2010 79 21
2009 48 17
2008 105 41
2007 98 27

Attractively priced homes in our best neighborhoods are selling, sometimes fast and sometimes with multiple offers.

The Ultimate List: 10 Most Expensive U.S. Homes for Sale

Doors Of Your Life — Thu, 02 Jun 2011 15:44:34 +0000

You thought San Francisco was expensive? Check out the 10 most expensive homes for sale in the U.S.
Makes SF real estate seem like a deal!

Foreclosures of Million-Dollar Homes on the Rise

Doors Of Your Life — Tue, 14 Sep 2010 18:14:55 +0000

Foreclosure is blind. After the mortgage meltdown and the plunge in home prices, record numbers of ordinary houses tumbled into foreclosure across Southern California as borrowers became unable or unwilling to pay their mortgages. But the rich aren’t so different after all: Million-dollar-plus homes have reverted to lender ownership in increasing numbers — previous sales prices, prime locations and even celebrity pedigrees have provided no immunity.

Earlier this year, Oscar-winning actor Nicolas Cage’s English Tudor joined the foreclosure fraternity. The nearly 12,000-square-foot house, once marketed at $35 million, now is listed for $11.8 million; the seller, Citibank.

Foreclosures of Million-Dollar Homes on the Rise [Los Angeles Times]

Clarendon Heights Home Gets Major Renovation

Doors Of Your Life — Wed, 11 Aug 2010 21:56:16 +0000

Two years ago, this single family home, 28 Clarendon Avenue, sold for$1.6 million in a trust sale. Less than 2 months ago, this 5 story home came on the market with a major renovation and a $4.5 million dollar price tag.

Designed by San Francisco architect Simon Kwan and rebuilt in 2010, this mid-century home spans five levels and comes with oak hardwood flooring and a number of wide floor-to-ceiling windows. It’s highlighted by a top-floor great room with a living room, dining room and kitchen that has Viking appliances, Chroma Quartz countertops, European metallic backsplash and a center island. The lower level master suite offers a panoramic three-bridge view and a bathroom with limestone tile. There’s also separate lower level with a bedroom suite, office/media room and stairs that lead to the deck and landscaped garden. The home has been seismically retrofitted and has a two-car garage with interior access.

Don’t miss: The property has a cedar wood-lined light well that runs through every floor, as does an elevator, and there are multiple decks, a professionally landscaped yard and a wine cellar.

Built: 1959, renovated in 2010

Size: The three-bedroom home has three full and two half bathrooms and covers 4,537 square feet.

*Listed by Patricia Lawton, TRI Coldwell Banker

Rebuilt five-story home with light well[SFGate.com]