Inman spoke to The Agency founder Mauricio Umansky about what’s happening with luxury real estate in Los Angeles this summer.
Inman spoke to The Agency founder Mauricio Umansky about what’s happening with luxury real estate in Los Angeles this summer.
Agents already spend a lot of time searching for the house or neighborhood that best fits their client’s need. Looking at smart home considerations can add significant value to the services provided and be a huge benefit in helping find the perfect spot for homebuyers.
Watch Byron Lazine and Nicole White give a real estate agent’s perspective on industry-related topics. This week, they’ll discuss Zillow’s report on home sales, tips for agents who hate sales and the newest hire for a Florida real estate firm.
The result of a chinwag between First American and Boston Consulting Group’s Digital Ventures, the app keeps every party in check with the closing process in a hybrid tech-team solution. It offers terrific promise for the future of e-closings.
22 Thompson St, Tamrarama has a price guide of $14m-$15m.
Wealthy Sydneysiders wanting a dream home in the tiny beachside suburb of Tamarama are currently spoiled for choice.
One of the latest to hit the market is a recently transformed four-bedroom, three-bathroom home with double garage at 22 Thompson St.
“It’s just stunning,” says Goodyer principal Pauline Goodyer, who has a price guide of $14m-$15m.
She wouldn’t discuss the identity of the owners, though property records show it to be the home of Peter Scutt — founder and CEO of Mable, an online service to help the aged or disabled find support worker — and his wife, Nadia Jacob, the founder and director of CrEight, which specialises in residential design.
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The terrace at 22 Thompson St, Tamarama, has incredible ocean views.
The home has been transformed recently.
The house has a perfect northeast aspect with views overlooking Tamarama Beach to the north and expansive ocean views to the east.
Among its features are the double height entry with Koi pond and landscaped garden, designer kitchen with Wolf and Sub-zero appliances, multiple indoor entertainment areas and a north-facing outdoor terrace.
There’s a heated swimming pool plus two outdoor showers.
CoreLogic records show the couple bought the home for $6.2m in 2016, before submitting a DA for the dramatic renovation two years later.
Goodyer was at a loss to explain the sudden burst of listings in Tamarama — “everyone’s got different reasons” — though she pointed out big sales sometimes encourage vendors to capitalise.
16 Thompson St, Tamarama is being sold with council approved plans for a Madeleine Blanchfield transformation.
The existing house sold for $12.5m three years ago.
She’d recently sold the home of cinematographer Peter James, but couldn’t disclose the sale price. The guide had been $9.5m. Other sources understood the final price to have been $9.2m.
Another to have just hit the market is the knockdown at 16 Thompson St — the home of Travelogic founder Craig Smith and his wife, Kate — purchased in 2017 for $12.5m.
That’s now on the market with Alex Phillips of Phillips Pantzer Donnelley, who says he doesn’t have a price guide, simply quoting the last traded price of three years ago.
“Obviously it’s more than that,” he said.
It’s now being offered with development approval for a glamorous rebuild designed by the acclaimed architect, Madeleine Blanchfield.
28 Kenneth St, Tamarama, has a $15 guide. Brad Pillinger says he’s had some “good offers”.
The house, at 28 Kenneth St, was the Wentworth Courier House of the Week this week.
On one of Tamarama’s largest land holdings of 563sq m, it currently has a huge terrace with panoramic ocean views.
If you want your Tama glamour already done, look no further than the Madeleine Blanchfield masterpiece around the corner at 28 Kenneth St – last week’s Wentworth Courier house of the week.
“People are loving it,” says its listing agent Brad Pillinger of Pillinger. “We’ve had some good offers and we’re getting close.”
For a more affordable Tamarama option, look no further than the super-stylish home of Sydney’s most prolific and renowned tailor, Patrick Johnson, and his interior designer wife, Tamsin, who have just listed their super-stylish home with spectacular ocean views at 7 Ashley St.
7 Ashley St, Tamarama, is owned by Sydney’s most prolific and renowned tailor, Patrick Johnson, and his interior designer wife, Tamsin.
The pool, which has amazing views, is a recent addition.
Ray White TRG principal Gavin Rubinstein has a guide of $5.5m-$6m for the four-bedroom, three-bathroom home with two car spaces ahead of an August 18 auction.
“It’s one of a kind,” he said.
In other eastern suburbs beaches news, Rubinstein’s colleagues at Ray White TRG, Oliver Lavers and new recruit Sebastian Fernandez, are understood to have had a hand in the recent record-breaking $17.9m sale in Bronte.
It was the Gardyne St home of me lawyer Sarah Druce and stocktrader Kieran Horth, who sold to the green energy entrepreneur Carl Prins and his wife, Kate.
PPD’s Alexander Phillips was also involved.
10/5 Tipper Ave, Bronte, is getting plenty of attention from buyers.
It. too, has terrific coastal views.
The off-market deal smashed the previous record of $16.8m set just year in Tipper Ave.
A beautiful three-bedroom apartment with double parking and a car space with dramatic ocean views at 10/5 Tipper Ave is getting plenty of attention.
Simon Exleton of McGrath is looking for submissions in the $3 millions.
The vendor is an investor who’s owned it for 20 years.
There’s also the incredible four-bedroom, two-bathroom sub-penthouse with double garage in ‘The Empire’ at 5&6 Campbell Pde, Bondi Beach.
5 & 6/70 Campbell Pde, Bondi Beach is the amalgamation of two apartments.
Its owners are believed to be moving to Kangaroo Valley.
It’s the same block where the entertainer and former Neighbours star Jason Donovan sold for $2.2m last November.
Property records show it’s owned by caterers and recruiters Rick and Alice Harasty, who are understood to moving to Kangaroo Valley.
They’ve recently sold a two-bedroom apartment on the lower floor in the block for $2.45m, and have now listed the amalgamated apartment they spent $2m renovating above.
Exleton has a $7m guide ahead of an August 22 auction.
The post Glamorous Tama up for sale with three double-digit homes on offer appeared first on realestate.com.au.
Sold – 12 Shellbank Pde, Cremorne.
An absolute waterfront trophy home in Cremorne, on Sydney’s lower north shore, has finally found a buyer after being on and off the market for about 12 months.
In the end there were three serious buyers – two local and one an ex-pat – actively chasing the five-bedroom beauty at 12 Shellbank Pde, said Michael Coombs of LJ Hooker Avnu.
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He would not comment on the identity of the buyer or the sale price, but said the most recent guide was $13 million to $14 million.
It is understood to have sold at the lower end of this guide, however Mr Coombs would not confirm this.
The property first came to market this time last year, but was taken off the market late last year. It returned to the market in May this year, and Mr Coombs said he was amazed at the level of interest.
“We have had more interest on it in the tougher market in COVID,” he said.
12 Shellbank Pde, Cremorne.
Privacy is a big feature of the home.
Buyers loved the uniqueness and modern features of the four-level home, he said.
Set on a private 854sqm block in a quiet cul-de-sac, the home is around the corner from Quakers Hat Bay.
At the water’s edge is a deepwater jetty and pontoon, a child-friendly lawn and pool, and low-maintenance gardens that create a resort-like feel.
Privacy is a big drawcard of the northeast-facing property.
The deep waterfront has a grassed area.
Only one neighbour.
A reserve on the eastern side means there is only one neighbour on the western side, and established trees provide an effective screen.
Mr Coombs said the home provided broad appeal.
“Often waterfronts don’t suit young families because they are on steep blocks or have no practical outdoor space for children,” he said.
“This home is perfect for kids, with its level grassed yard and pool being all on one level.”
It was also ideal for families with older children, given its multiple living areas, five large bedrooms and outdoor spaces.
Formal dining.
The kitchen.
The ground floor also has a kitchenette, bathroom, studio and casual living area, perfect for young adult children.
The parents haven’t been forgotten either. The top floor is their domain, with a main bedroom, ensuite and office or additional bedroom, all well positioned to make the most of the views over the water.
Sweet dreams.
Pure bliss.
All levels of the home are accessible via a lift — making this the perfect place to create a lifetime of memories.
“Nothing was forgotten when this house was designed,” Mr Coombs said.
“It’s the sort of home you can stay in forever, thanks to the lift access and the clever floor plan.”
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The post Cremorne waterfront trophy home sells in a secret deal believed to be worth more than $13m appeared first on realestate.com.au.
A BIDDING war erupted when a rare “inner-city acreage” property went under the hammer last weekend with the buyers splashing $1.23 million to secure their dream home.
Auctioneer David Holmes, of Metro Auctions, took the property at 14 Kingsway Drive, Molendinar to auction on Sunday.
Auctioneer David Holmes of Metro Auctions, took 14 Kingsway Drive, Molendinar to auction on Sunday.
14 Kingsway Drive, Molendinar.
“At $960,000 we stopped for instructions from the owners and the property was called on the market at $1.006 million,” he said.
“We continued the bidding in $2500 and $5000 increments all the way until $1.23 million. It was $224,000 since it was announced on the market.”
He said feedback from prospective buyers before the auction had been below the $1 million mark.
“Feedback was at $850,000 so we ended up with quite an extraordinary result,” he said.
Karen Stewart and Edward Smyth of Stewart and Smyth Estate Agents handled the marketing campaign which attracted seven registered bidders.
14 Kingsway Drive, Molendinar.
14 Kingsway Drive, Molendinar.
Ms Stewart said the buyer was from the Gold Coast and was determined to own the five-bedroom three-bathrom house on 0.5ha property.
“There were two bidders who both really wanted the property,” she said.
“The buyer said to me (after the auction) that if the other bidder wasn’t bidding she wouldn’t have paid that.”
14 Kingsway Drive, Molendinar.
Ms Stewart said there were plenty of cash buyers ready to snap up Gold Coast property.
“When a rare property comes on the market and it’s a good piece of real estate you will always find competition,” she said.
The post Bidding war for rare ‘inner-city acreage’ on the Gold Coast appeared first on realestate.com.au.
Justyn Wood and Susan Chenoweth sold their luxury home in Hamilton that has a skate bowl in the middle of a living room. Picture: Adam Head
The epic Brisbane home that went viral because of its giant skate bowl in the living room has sold – and you’ll never guess what the new owners plan to do with it.
Industry sources say the property fetched close to its advertised listing price that was looking for offers over $2.375m.
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Riley Wood, 11, will have to say goodbye to the skate bowl now that his parents Justyn Wood and Susan Chenoweth have sold the home. Picture: Adam Head
Despite the home’s unique selling point, skaters will be devastated to hear the property ended up selling to a local family with little interest in the actual skate bowl itself.
Selling agent Drew Davies of Place Estate Agents had been swamped with enquiries for the house, including from professional skateboarders around the world.
“They purchased it because they think that pocket of Hamilton … is so quiet, so peaceful —
and the size of the block and home,” Mr Davies said.
“The might keep it (the skate bowl), they might not.”
The multistorey family home is located at 32 Joynt Street in Hamilton.
Mr Davies said the home attracted multiple offers and interest from Olympic skateboarders, a local coffee entrepreneur and young dads keen to live out their teenage dreams.
“There was far more interest than expected from people who actually wanted it for the skate bowl,” he said.
The three-level house at 32 Joynt St, Hamilton, has been one of Australia’s most popular properties on realestate.com.au because of the custom-made skate bowl next to the downstairs kitchen.
The house was built by former owner Robert Lewers, who founded many of Brisbane’s skate parks.
The unique home has a classic facade.
Inside the home has a timeless feel.
The previous owner, Justyn Wood, said the skate bowl was one of the reasons he bought the house seven years ago.
“I’ve got two boys and I could just see that they would love having it,” Mr Wood said. “It takes up a fair bit of the basement level and it’s a real fun zone for kids.
“It’s soundproof from the rest of the house so they can make all the noise they want down there.”
The skate bowl in the basement level is soundproof so entertaining in other parts of the home is not an issue while the kids are having fun skating.
American professional skateboarder Tom Schaar even used in it when he last toured Australia.
Aside from the skate bowl, there is plenty to keep regular homeowners happy, including a parents’ retreat, indoor/outdoor entertaining space and walk-in wardrobes.
There are also six bedrooms, three bathrooms, two carparking spaces and the property is situated just four kilometres from the CBD of Brisbane.
Families can use the entire basement level as a ‘kids’ area’, as it features a spacious bedroom with built in robe, ensuite and kitchenette all with direct access to the patio and pool.
The post Giant skate bowl home sold for millions appeared first on realestate.com.au.
With record prices and gentrification, 2020 has been surprisingly good to Aspendale’s unit market.
Two-pronged gentrification is driving unit prices up in a bayside Melbourne suburb despite coronavirus hammering the wider city’s property prices.
Aspendale real estate agents have revealed high demand from first-home buyers is driving the market up from the bottom, while developers have revealed cashed-up downsizers who don’t see price as a barrier are setting records at the top of the market.
A $2.8m sale for 34A Bowman Street set the suburb’s beachfront apartment price record on March 12, the same day the World Health Organisation declared COVID-19 a pandemic.
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34A Bowman St, Aspendale is the suburb’s current apartment price record holder.
It edged out the $2.79m record set at Lowe Group’s Azura Aspendale complex two days prior for an off-the-plan three-bedroom beachfront apartment.
Managing director Tim Lowe said they were expecting to break the suburb’s record again this year.
They have also seen subsequent high priced sales driven by purchasers from as far afield as Sydney after the “net had grown a little wider” for the suburb over the past two years.
The Azura Aspendale development has a mix of beachfront and off-beach homes.
A $1.534m off-beach apartment record set at the development last week was paid by a bayside local who approached the developer last year, before looking along the Mornington Peninsula for several months only to come back to the Aspendale project.
“Price in this instance wasn’t the barrier, it was more about comfort with the location and purchase,” Mr Lowe said.
A two-bedroom beachfront apartment in the complex has also sold for $1.495m, while a three-bedroom townhouse off the beach snared $2.203m.
Even the apartments off the beach are achieving strong results.
With two beach-facing apartments still to be sold at the now under-construction development, Mr Lowe was expecting the suburb’s beachfront apartment price record would fall again this year, while the off-beach record hinted top-end demand was no longer just being driven by water views.
“And I think this does open the door to higher quality development in Aspendale,” Mr Lowe said.
“But it can’t be skin deep. It’s not just the architecture or the appliances. It’s the whole process.”
The development also features off-beach townhouses, one of which has topped $2m.
Latest Realestate.com.au figures show Aspendale’s $755,000 median unit price rose $52,500 (7.5 per cent) over the past year — while its median house price remained flat at $1m.
Barry Plant Mordialloc’s Chris Kavanagh said units were proving the region’s most popular property at the moment, gaining attention from both first-home buyers and downsizers.
“For many years people would go to the peninsula (to downsize), but now we see that people have realised you can have that lifestyle and downsize to something really nice, but also do it a 30-minute train ride from Melbourne’s CBD,” Mr Kavanagh said.
The suburb, and its neighbours, was also benefiting from a trend among first-home buyers to pursue lifestyle above CBD proximity that had emerged since the onset of COVID-19.
“In the last few months being near the CBD really isn’t high on buyers’ wishlist,” Mr Kavanagh said.
“They want lifestyle as opposed to distance from the CBD.”
14/50 Nepean Highway, Aspendale offers a more affordable entry to the suburb’s beachfront.
Mr Kavanagh said limited listings as a result of COVID-19 would slow the process, but gentrification was definitely underway in Aspendale.
He said a beachfront one-bedroom apartment at 14/50 Nepean Highway was attracting very high interest at the moment with a $550,000-$595,000 asking price.
Mr Kavanagh estimated while buyer numbers in the region had fallen about 5 per cent since COVID-19 had hit, the number of properties for sale had halved with many vendors now achieving strong results as supply fell short of demand.
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The post Aspendale units surprise winner as demand surges in COVID-19 era appeared first on realestate.com.au.
There are worse places to be in lockdown during COVID-19 than Lizzo’s incredible Palm Desert hideaway, which costs an eye-watering $7,000 a night to stay in.
Lizzo has been renting a party pad in Palm Desert. Picture: Getty
The Grammy-winning artist who is best known for songs including Good as Hell and Truth Hurts, was kicked out of her previous holiday rental a few days early and sought refuge at this expansive party pad, according to realtor.com.
The singer has rented this party pad for $(US)5,000 per night. Picture: realtor.com
The four-and-a-half bedroom home includes an epic infinity pool, a helipad and some jaw-dropping views of the surrounding desert and can be leased for just over $42,000 a month.
The house has previously served as an event location for premium brands including Ferrari and Lexus and is a two-hour drive from LA.
The home has a helipad, 4.5 bedrooms and an infinity pool. Picture: realtor.com
Steel, wood and stone are the three main materials of this house and large floor-to-ceiling windows are a feature throughout the property to enhance the view.
The main bedroom, which is Lizzo’s quarters, opens out on to the patio so she can jump straight out of bed and soak in the natural surrounds.
View this post on Instagram
I got 2 screenplays, an album and some checks to write. Thank you, Desert for always inspiring me.
A post shared by Lizzo (@lizzobeeating) on Jul 8, 2020 at 4:03pm PDT
There is also a gym and top quality surround sound – no doubt the singer will be pumping out tunes and doing some of her infamous twerking around the pool.
Lizzo has featured the home on her Instagram several times and posted “I got 2 screenplays, an album and some checks to write. Thank you, Desert for always inspiring me.”
The post Lizzo’s rental escape in Palm Desert looks good as hell appeared first on realestate.com.au.