Sep 28, 2015
DJ’s New Digs
(PALM BEACH GARDENS, FL) Dustin Johnson shot a Sunday-best 64 to finish tied for fifth in the TOUR Championship. And while Jordan Spieth walked off with the $10 million bonus, DJ has made enough money on the TOUR this year to pay in full for his new $4.95 million waterfront home in Palm Beach Gardens. A look at the photos on Redfin shows at a glance that his new digs are pretty spectacular. The 8,200-sq. ft. home, according to the Los Angeles Times, features “a living room with double-height ceilings, an insulated wine room and a family room with custom wet bar. A master suite with a two walk-in closets is among five bedrooms and 6.5 bathrooms.” There is, of course, the requisite swimming pool with waterfall and grotto, private islet, and docking space for a sizable boat. This should serve as an adequate escape from golf for Johnson as it does not appear from the photos that there is any room on the property for a golf practice facility.
Sep 25, 2015
Buying Sight Unseen
(SEATTLE, WA) Weary of trudging through open houses or paying a real estate commission on the sale of your home? You’re not alone. A new survey finds more buyers and sellers are using unconventional methods when it comes to real estate transactions. The SurveyMonkey study found 21% of buyers said they made an offer on a home without ever seeing it in person, while 17% of homebuyers and 13% of sellers did not use a real estate agent. Like everything else these days, technology is changing the way the real estate game is played. Drone videos and 360° home tours let buyers experience how a home looks and lives without actually walking through it. Interestingly, when a home listed for more than $750,000, over half the people who bought did so sight unseen. The most common reason for not using a real estate when selling was to save money, while buyers were more likely to forgo the agent because they knew the seller personally.
Sep 23, 2015
World’s Most Expensive Home
(MUMBAI, INDIA) We mortals may blanch at the cost of some of the most luxurious homes in the highest end golf communities. But if you think millions of dollars is a lot to spend on a home, try spending a billion. Antilia, sits on Mumbai's tony Altamount Road and cost an estimated $1 billion to build. Billionaire businessman Mukesh Ambani’s home tops Insider Monkey’s list of the most expensive real estate in the world. The home, on Mumbai's tony Altamount Road, requires a staff of 600 people to maintain all of its amenities, including a 50-seat movie theatre, three helipads, two-story recreation center, nine elevators, and private Hindu temple. That oceanfront property in the Carolinas doesn't seem so steep anymore, does it?
Sep 21, 2015
Don’t Ask, Can’t Tell
(WASHINGTON, DC) We all have plenty of questions when we’re getting ready to buy a home, especially if it’s in a community we’re not very familiar with. But don’t expect your real estate agent to answer all your questions. The Fair Housing Act of 1967 prohibits agents from “steering” buyers by answering questions about safety, schools, and your new neighbors. Redfin real estate agent David Ehrenberg told Curbed DC that although a buyer might like to know how safe a neighborhood is or how highly rated the schools are, those questions are considered too subjective. “It might seem harmless for a realtor to offer his or her opinion on these topics. You may even find it frustrating that your agent can't offer a more personal opinion on the neighborhood,” said Ehrenberg. In the end, though, these limitations can help protect buyers. “A real estate agent's job is to help buyers access all homes for sale that they are interested in. A real estate agent has no right to decide where someone should or should not live.” Good to know. But there’s nothing stopping you from getting on the web where there are plenty of resources that will give you answers to your questions.
Sep 18, 2015
Homes in the Sky
BONITA SPRINGS, FL) After an enjoyable afternoon round on the Jerry Pate-designed course at The Colony Golf & Bay Club, imagine relaxing on a rooftop terrace lounge 21 stories high and taking in sweeping views of the Gulf of Mexico as the sun sets. Then retreating to your luxurious and spacious residence, with its own spectacular views, on one of the floors below. For the first time in almost 10 years, a residential tower will begin to rise in Southwest Florida as WCI begins construction on Altaira, its 21-story tower at The Colony Golf & Bay Club in Bonita Springs. Altaira will offer 76 Sky Homes℠, the company’s brand of luxury high rises, on 19 residential floors. The residences feature hurricane-rated, solar-tinted expanses of exterior vision glass and floor-to-ceiling sliding glass doors that open to terraces, as well as up to 529 square feet of open-air and screened-in terraces in select residences. Each home features a private elevator foyer, 3,300-3,500 square feet of living space, open great rooms, generously sized kitchens, three bedrooms, private den, three full baths, powder room and east- and west-facing terraces. Corner units offer additional north- or south-facing terraces. As a resident, you’ll enjoy the waterfront Bay Club, plus membership opportunities at The Colony Golf and Country Club and Sports Club. Sky Homes in Altaira start from $1 million. Completion is expected during the second quarter of 2017.