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Archive for March, 2009

What U.S. $1 Million Buys in Homes Worldwide

$1M Houses Worldwide

$1M Houses Worldwide

What $1 Million Buys in Homes Worldwide
From One-Bedroom Apartments to McMansions, Tour Real Estate Around the Globe
By MATT WOOLSEY
Forbes.com
Jan. 5, 2008 Special to ABCNEWS.com —

Home prices in many parts of the world swelled last year, with Eastern European and Scandinavian markets leading the way with double-digit growth.

The result? On foreign soil, $1 million buys less than ever.

In London, it’ll get you a one-bedroom, one-bathroom flat in Primrose Gardens. You’ll save on cabs, however; the building is steps from the Belsize Park tube station. In Hong Kong, $1 million buys a three-bedroom, 825-square-foot apartment in a high-rise between the residential areas of Aberdeen and Pokfulam.

Click here to see more about what $1 million buys in homes worldwide at our partner site, Forbes.com.

Shoppers in New York don’t get much more space. A 647-square-foot Turtle Bay condo, not far from the United Nations, nips the seven-figure mark, and some may say justly: The property features a 45-square-foot balcony, white oak floors and 11-and-a-half-foot ceilings.

Forbes.com looked for million-dollar properties representative of the world’s offerings and found a range of apartments, townhouses, lofts and vacation homes on every continent, excluding Antarctica. In emerging markets like South Africa or Egypt, $1 million might buy a small estate. In major cities like Paris, Sydney and Dublin, you’re likely limited to apartments.

Costly City Dwellings
In places such as these, convenience of commute, access to leisure pursuits and the prestige of a prime address like Kensington or the Sutton Place means that prices will grow so long as wealth does.

“The growth of wealth in recent years is a real and substantial trend,” says Liam Bailey, head of residential research for London-based property adviser Knight Frank. “Over the next five years, we believe the trend of growing wealth and greater wealth concentration will continue.”

And if it comes in the form of pounds sterling and euros, American real estate as a result looks incredibly cheap. One example: the luxurious residences at The Plaza in New York–many listed for upward of $10 million–are filling fast with Europeans.

But it’s not just marquee properties that are going to overseas investors. Jonathan Miller, director of research at Radar Logic, a New York real estate research firm, estimates that one-third of Manhattan condo sales over the last year have gone to foreign buyers.

Top Performers
However, those who prefer to stay home should fare just as well. That’s because, while U.K. prices have spiked almost 10% this year, according to Savills, a London-based real estate research firm, both mature and growing markets have outperformed it.

“It is not just the emerging markets such as Poland and Bulgaria that are enjoying strong growth,” says Charles Weston-Baker, director of Savills’ International Residential Department. “Traditional markets such as Canada, Sweden and Spain all outperformed the U.K.”

Here, though, buyers of million-dollar prices still get more than they would for a comparably priced property in London. In Montreal, $1 million buys a three-bedroom, three-bathroom, Art Deco-style home with a deck overlooking rear gardens and three fireplaces.

A good investment? It’s likely. Although “price growth this year will be lower,” says Bailey, “we predict prime markets will outperform mainstream markets by quite a margin.”

World’s Most Expensive Homes

World's Most Expensive Homes

World's Most Expensive Homes

http://abcnews.go.com/Business/popup?id=4200178&contentIndex=1&page=1&start=false

Trump Flips $41M Manse for $100M

Trump Flips $41M for $100M

Trump Flips $41M for $100M

Donald Trump’s Palm Beach mansion, Maison de l’Amitie, has been sold for $100M to a Russian fertilizer Billionaire. The 68,000- square -foot home sits on over seven beachfront acres and features 16 bedrooms and three guesthouses. Trump purchased the home @ auction for $41M million in 2004 after Hamptonite Insurance Guru Mr. Gossman lost the ultra luxury asset.

U.S. $745M World Record Manse Sold

$745M World Record - Villa Leopolda

$745M World Record - Villa Leopolda

A Russian oligarch has broken a World Record by paying U.S. $745M for Villa Leopolda, a mansion on the French Riviera, the London newspaper the Times has reported. The 20 acre property includes two guest houses and was once home to parties attended by Frank Sinatra and Ronald Reagan, according the the newspaper.

3 Oceanfront & Golf Projects Auctioned in a Single Day

3 Florida Oceanfront, Beachside & Golf Projects Auctioned

George & Gretchen Anderson, Frank Durabi and Gerry Finke are

partners. They auctioned these 3 Oceanfront, Beachside and Golf

Projects. The trio are located in Florida @ Beachwalk on Vilano Beach,

Summer Island on St. Augustine Beach and Sherwood Oaks @ the
Monastery Golf & Country Club in Orange City. George Anderson is

also the Developer of the luxurious $150 million Wyndham Ocean Walk

Resort in Daytona Beach http://www.oceanwalk.com .

(left to right) Tom, Narcine, Daniel Parkman, Jan Landry, Anne & Jake

A little Rest & Relaxation after the 2 Auction Events which were held in

both St. Augustine Beach & Orange City, Florida on the same day.

1,389 Properties Auctioned in a Single Day with Coldwell Banker in 5 FL Projects

Judy Rae Miller

Judy Rae Miller

 

Estate Liquidation of 1,389 Properties @ Sebring, Florida

 

 

Mickey Miller had developed over 2,500 properties in Sebring Lakes &

 

Lake Placid, Florida. His estate is being liquidated by his son, Steve

 

Miller. Steve & his wife, Judy, were then owners of the Coldwell

 

Banker Real Estate office, title and mortgage companies. The estate

 

consists of: a 45,788 square foot warehouse & a commercial office

 

building. In addition, there are land tracts and homesites as follows: 

 

6 commercial land tracts totaling 55 acres, 101 acre and a quarter lots,

 

100 villa/duplex lots, 5 MH lots, 27 eighty foot lots and 1,148 forty foot

 

lots.  All 1,389 properties sold & closed ! Guaranteed Seller Financing is

 

being offer at: 30% down, 70% LTV, 8.5% fixed rate, 5 year balloon

 

with a 10 year amortization schedule. Steve decided to commission our

 

services after he witnessed our success with Frank Mackle, III (the

 

Mackle Brothers sold 31,000 condos & houses; and sold 50,000

 

homesites in a single year – a World Record

 

www.themacklecompany.com ).

 

 

 

Judy Rae Miller

 

Judy Miller is http://heathrowrealty.com/judy_miller_bio.htm

 

associated with Heathrow Realty. Geno Paolucci & Ted Glasrud were

 

the Developers of Heathrow, Florida.

 

 

 

Our staff in one a many ballrooms across America on auction day (from back to front & left to right) Daniel M. Parkman, Sr., Nic Daugente, Scott, Frank Provenzano, Chip, Hank, Drew Padula, Tom, Bruce, Klaus & Dean. Annette, Jan Landry, Marie, Virginia Oros, Shelly, Narcine, Kim & Lisa.

 

 

Ever wonder what 1,389 Sold Properties looks like @ auction ?

Answer: the Available Board is Empty !

Mackle Brothers, Deltona Corp., General Development

dmpsrmacklecropped-21

Frank Mackle, III , CEO of The Mackle Company www.themacklecompany.com . The Mackle Companies have been conducting business in Florida for 100 years. They were the original developers of Key Biscayne http://www.keylife.com/history/ . Mackle built and sold over 81,000 condominiums, homes, lots and the Key Biscayne Hotel & Villas. Mackle set a world record by having sold almost 50,000 homesites in a single year. Their enterprises owned or controlled more than 200,000 acres in Florida thru the Mackle Brothers, Deltona Corporation www.deltona.com and General Development (GDC).

 

The Mackle family developed 16 Master Planned Communities including: St. Augustine Shores, Tampa Palms www.tpoa.net , Port St. Lucie, Vero Beach Highlands, Port Charlotte, Sebastian Highlands, Vero Shores, Deltona Lakes, Sunny Hills, Marco Island,                                      

http://www.cityofmarcoisland.com/Public_Documents/marcoislandfl_WebDocs/mackles

Palm Bay, Port John, Marco Shores, Marion Oaks, Citrus Springs, Pine Ridge & Seminole Woods. These communities ranged in size from 2,000 to 15,000 acres.

 

Frank Mackle,III is pleased to announce he has successfully closed out his Meadowlake project, consisting of  43 properties, with Daniel M. Parkman, Sr. and his group. This was accomplished by utilizing the close out exit strategy and implementing the luxury auction platform. The proceeds, on a net present value basis, exceeded Frank’s most optimistic projections for continuing to market the project.

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