HÔM Sotheby’s International Realty Annual Food Drive with Second Harvest Food Bank of Orange County

HÔM Sotheby's International Realty Annual Food Drive with Second Harvest Food Bank of Orange County

HÔM Sotheby's International Realty Annual Food Drive with Second Harvest Food Bank of Orange County

HÔM Sotheby's International Realty Annual Food Drive with Second Harvest Food Bank of Orange County

New Listing – 73165 Irontree Drive, Palm Desert, CA 92260

New Listing - 73165 Irontree Drive, Palm Desert, CA 92260

Extremely Rare Find! Stunning One of a Kind home just waiting for the right buyer that has privacy in mind. Within the main gate at the highly desirable Ironwood Country Club and then privately gated off of the road. Pool is situated in the middle of the home for total privacy with entrances from all rooms of the house and casita. Out door shower plus sauna and spa with a large sparkling pebble tech pool, newer saline system. Beautiful front yard with lots of guest parking plus a 2 car and a golf car space. You enter the home through a dramatic foyer that also looks out toward the pool area. This custom home boasts large open spaces that include a family room, bar area, huge kitchen, dining and living room, Two master suites plus another bedroom. Everyone loves a casita and this home won’t disappoint you which gives the owner another bedroom and bath. Must see this rare Estate to appreciate all it has to offer.

For Sale: $1,588,000

To receive additional information on this property please contact HÔM Sotheby’s International Realty Listing Agent, Diana Dabney.

 

New Listing – 75584 Via Cortona, Indian Wells, CA 92210

New Listing - 75584 Via Cortona, Indian Wells, CA 92210

Fantastic opportunity to own in one of Indian Wells’s newer prestigious golf communities. Located on the 14th Green of the signature Nicklaus golf course at Toscana. This Colonial Spanish home offers three spacious bedrooms and three and a half baths in the main home and one large detached guest cassita with private bath. Located on one of the larger lots in Toscana this home has been highly customized througout with hard-wood flooring granite kitchen counters and stainless high-end appliances. The expansive yard offers the best for outdoor entertaining with large pool outdoor fireplace and ample covered patio spaces.

For Sale: $1,195,000

To receive additional information on this property please contact HÔM Sotheby’s International Realty Listing Agent, Jon Dishon.

 

New Listing – 74872 S Cove Drive, Indian Wells, CA 92210

New Listing - 74872 S Cove Drive, Indian Wells, CA 92210

Gorgeous upgraded home in The Cove @ Indian Wells. Dramatic glass entry doors, travertine flooring, soaring ceilings & French doors opening to the back patio are just a few of the many upgrades. All living room and master bath steps have been removed to make this a single level home. Light & bright cook’s kitchen w/walk-in pantry open to the formal dining & family room w/fireplace. Lavish master suite has soaking tub, separate glass shower, dual sinks large walk-in closet & recently enclosed water closet. There are two spacious guest suites w/private remodeled baths plus a powder room. Backyard oasis w/private pool/spa & cascading waterfall, covered patio w/stone pillars that maintain the architectural feature of the front. All this along with a triple garage with custom flooring & loads of storage. The Cove @ IW is a small gated community w/low HOA dues, just minutes from everything. As residents of IW you’ll enjoy the perks of the Hyatt fitness center & IW Resort Golf Resort.

For Sale: $1,195,000

To receive additional information on this property please contact HÔM Sotheby’s International Realty Listing Agent, Dave Kibbey.

 

High-Value Luxury Properties: Investment Strategy VS. Sentiment

High-Value Luxury Properties: Investment Strategy VS. Sentiment

Investment Strategy vs. Sentiment

In this new series, HôM Sotheby’s International Realty Chair and CEO Mike Shapiro will explore the fascinating market dynamics, opportunities, and potential risks and challenges involved with purchases and sales of luxury real estate in coastal Orange County, California.

When choosing a home moves beyond consideration of the primary function – to serve as shelter – (albeit a beautifully-outfitted shelter, as is the case with many Southern California homes), there are several, and not mutually exclusive, drivers at play, and primary among which are investment portfolio expansion and emotion.

Predictable trends Unpredictable factors

In terms of these properties as investments — a topic we’ll look at briefly here and that will be covered in greater depth in the coming months — a few key factors currently have significant impact on the local luxury market.

First, while many of the purchasers are cash buyers at this level, for the others, mortgage interest rates continue to be near historic lows. Second, many people are realizing huge gains in the stock market and are looking to invest earnings. A third factor that’s had a tremendous influence is the growth in overseas investment in coastal Southern California. In particular, Asian investors with newfound wealth are purchasing properties at unprecedented rates: Data from various industry and business associations indicates international purchases account for more than 20% of sales for homes with prices of $2 million or more. (In the next series — how global unrest could impact local luxury real estate will be explored.)

All of these factors, however, are financially driven and strategic reasons for investment in high-value real estate. The fourth and more nebulous factor is the human element that drives the purchase of legacy properties.

Emotion moves Markets

Emotion: It’s why some brands boom and others bust and why markets sink or soar — and, ostensibly, it could be the most influential factor driving legacy property purchases.

It’s what agents, brokers, underwriters, and marketing professionals need to appreciate and appeal to for success in this highly competitive and dynamic industry. And it’s why marketing high-value properties is intended not to sell, but to seduce. Industry professionals and analysts spend copious time and resources collecting data on real estate purchases and sales, as well as studying market and economic trends behind the numbers. But what’s often lacking — in large part, because it’s nearly impossible to capture and to quantify — is hard information on the emotions that drive investment in high-value luxury real estate.

Coastal Southern California’s natural assets — incomparable scenery, climate and, of course, the Pacific Ocean — make it inherently desirable and, for more than a century, living here has been a sign of one’s personal and professional aspirations. It’s not a place for those who settle. It’s a place for those who dream and succeed.

…it could be the most influential factor driving legacy property purchases

Sentiment and Status

And when we sell highest-value properties here, we’re not selling bedrooms and bathrooms. We’re selling how a buyer associates with the brand dynamic of a community — whether it’s Dana Point, Laguna Beach, Newport Coast, or any of several prestigious, nuanced enclaves — or of a particular home. That’s why a deep understanding of the complex world of luxury-brand marketing is essential.

But what ultimately leads to a favorable or negative decision for a high-value property — when all in the class are pretty spectacular — is as unpredictable as a buyer’s mood on a particular morning or a comment overheard at a cocktail party. Given this, then, what drives these very high price points and sales isn’t found in comparisons of craftsmanship. It’s not about resale potential and comparable sales. Beyond the basic costs of materials, labor and land, the financial worth of luxury homes at this level is driven by the value we as individuals and as a society, place on prestige, paucity and sentiment. That’s what drives these markets. It’s why a buyer will spend $20 million when a property at a fraction of that cost would have exceeded any and all possible needs. It’s why that same buyer will hire a top-name decorator to furnish the home and still eat breakfast every morning on grandma’s old dishes. And it’s why metrics, models and sophisticated algorithms will never fully account for the most complex variable of all: our feelings.

HÔM SOTHEBY’S INTERNATIONAL REALTY’S sales are on target to exceed $2.5 billion for 2014 — they represent buyers and sellers locally, internationally, and are the leading source for luxury real estate in Southern California’s exceptional coastal and desert communities.

New Listing – 2 Shetland, Coto De Caza, CA 92679

New Listing - 2 Shetland, Coto De Caza, CA 92679

Custom French Provincial Estate in the exclusive Coto De Caza community. This elegant home offers a grand entry with a dramatic staircase, custom wood paneled walls, distressed hardwood flooring,marble flooring/fireplaces throughout. A sophisticated office. The formal dining room is elegantly decorated with upholstered walls, 2 chandeliers, a marble fireplace. The extraordinary kitchen offers 2 refrigerators, 4 Fisher and Paykel drawer dishwashers, 2 dish warmers, all crafted with the highest quality wood, stone and finishes. Grand movie theatre with 12 reclining seats, exceptional surround sound system. Pub room offering a spacious bar, 2 flatscreen TV’s. En-suite guest bedroom with laundry room. Upstairs find 2 master bedrooms, 3 en-suite bedrooms,a ballet studio. Subterranean level holds a wine cellar,1,000 sqft of storage, 14 car garage. Entertaining backyard features heated pool/spa, barbecue island, fireplace, kids play area.

For Sale: $4,900,000

To receive additional information on this property please contact HÔM Sotheby’s International Realty Listing Agent, Josie Aguilar.

 

New Listing – 17382 Chillmark Lane, Huntington Beach, CA 92649

New Listing - 17382 Chillmark Lane, Huntington Beach, CA 92649

Enter into this gorgeous home in Brightwater, for the sophisticated buyer who appreciates the very best! This Azurene plan 6 has it all! Walk into the cozy courtyard, the mini master suite with its own private entrance boasts a family room, a mini frig and a bedroom with a bathroom. Perfect for guests, in-laws or whatever your needs may be. The main home is appointed with beautiful marble flooring throughout the downstairs. The formal dining room with a modern stone wall. The kitchen opens into the family room, there is plenty of room to gather with family & friends. Stainless steel appliances including, 3 ovens, microwave, frig and 6 burner gas stove. Granite counter tops with upgraded pendant lighting. The Nano sliders open up to reveal the Huntington indoor/outdoor room with a fireplace. Outdoor features include Stone patio, a built in bbq, 2 burner cooktop, frig, 2 firepits and fountain. Hardwood flooring upstairs, marble flooring in the bathrooms. Every room has a walk in closet and bathroom. The master has an oversized bathroom with dual sinks, vanity and seperate shower and bathtub, walk in closet is very spacious! Crown molding throughout the house and shutters. Enjoy the lifestyle of Brightwater, the sunsets, close to the beach and walking trails.

For Sale: $2,199,000

To receive additional information on this property please contact HÔM Sotheby’s International Realty Listing Agent, Sean Stanfield.

 

New Listing – 83054 S Bay Drive, Indio, CA 92203

New Listing - 83054 S Bay Drive, Indio, CA 92203

Situated in Shadow Lake Estates, this custom Tuscan Estate home features all the luxuries of today’s modern technology blended with the warmth of Old World charm, and just steps away from your own private beach, dock, and covered boat lift. Situated on 2/3 acre overlooking beautiful Shadow Lake, a 45 acre private lake offering water sports including two slalom water ski runs, boating, paddle boarding, kayaking, swimming, fishing, and panoramic mountain views. This gorgeous home was built with only the finest materials; Natural wood & stone surfaces, along with contemporary touches which compliment this entertainer’s dream. Approximately 9,200 SF under roof of indoor/outdoor living space including a 4+ car garage, formal & casual spaces providing utmost privacy, comfort, and style along with true indoor/outdoor living at its best. This Smart home is run by a Lutron System that includes security, sound, and lighting.

For Sale: $2,395,000

To receive additional information on this property please contact HÔM Sotheby’s International Realty Listing Agent, Dave Kibbey.

 

New Listing – 71951 Tamarisk Lane, Rancho Mirage, CA 92270

New Listing - 71951 Tamarisk Lane, Rancho Mirage, CA 92270

Masterpiece – A Period Home designed by William Cody representing a seamless combination of Hacienda & Modern styles. Situated at Tamarisk CC on just under 3/4 acre of lush grounds, offering absolute privacy & mesmerizing southern mountain views. Built in 1971 & just under 6000 sq-ft, this estate residence offers a sense of openness & grand entertaining style; unique doors, soaring wood ceilings, exposed beams & disappearing walls of glass, clearly ahead of its time. Formal & casual living spaces; Game room & Bar, 4 Bedrooms, 4.5 Bathrooms including a Guest Casita. Master wing has fireplace, private office, lavish bath & steam room, and his & her walk-in closets. Professional cook’s kitchen with walk-in refrigerator. Light & private courtyard with glass roof panels that open with a buttons touch, offering ideal indoor-outdoor living & entertaining spaces. A heated pool & covered entertaining patio overlooking fairway & southern mountain views offering a true sense of luxury & style.

For Sale: $2,950,000

To receive additional information on this property please contact HÔM Sotheby’s International Realty Listing Agent, Dave Kibbey.

 

New Listing – 4 Ladbrook GRV, Coto De Caza, CA 92679

New Listing - 4 Ladbrook GRV, Coto De Caza, CA 92679

One of a kind entertainer’s property! Single level estate living with an impressive remodeled floor plan and dramatic entry is located in the highly desirable community of weatherly! This gorgeous home has approx 5,684 sf of luxury living in almost an acre of land! The grand double entry door made of hubbard iron opens up to the breathtaking foyer featuring crystal and alabaster chandelier. The grand living room boasts a custom fireplace, ceiling fan and medallion! Formal dining includes a beautiful iron and crystal chandelier and fireplace. The magnificent gourmet kitchen has viking appliances, two dishwashers, california closet pantry & closet wine/serving pantry! Fantastic great room with custom fire place, ceiling fans and custom cabinets. Gorgeous master suite with retreat and fireplace! Master bath features custom closets, whirlpool bathtub and steam shower! Amazing casita with private entry! Step out to the resort style backyard and man-cave which feature manicured grounds, pool, spa, bbq area with outdoor fans, overhead heaters, televisions, glass fire feature and drop sun and wind shades! Exquisite upgrades include tumbled travertine versailles pattern flooring with travertine base molding in the entire house!

For Sale: $3,900,000

To receive additional information on this property please contact HÔM Sotheby’s International Realty Listing Agents, Nick Roshdieh and Doris Barrios.