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NEW LISTING – 37 RUE FONTAINEBLEAU, NEWPORT BEACH

BIG CANYON – NEWPORT BEACH. Fabulous and completely updated Monaco model located in the prestigious, guard-gated community of Big Canyon. Over 3,000 square feet of impeccable living space, this elegant home has been tastefully remodeled and updated with the highest quality of finishes. Primarily single level living with a large ground floor master suite with an incredibly detailed master bath, large walk in closet with custom built-ins. Open floor plan main floor living and dining area with gourmet kitchen with state of the art appliances plus seated island that opens to the living/dining area. Discreet powder room, laundry room and a separate private office complete the main floor living area. Upstairs has two sizable bedrooms and one complete bathroom. The private and enclosed rear grassy yard has a built in BBQ and seated fire pit. A three car wide finished garage completes this absolutely incredible home.

37 Rue Fountainebleau, Newport Beach, California
For Sale: $2,595,000

To receive additional information on this property, please contact HÔM Sotheby’s International Realty Listing Agent, Harold Noriega

NEW LISTING – 59 WATERSPOUT, IRVINE

Situated on a private corner lot across from a quiet park in the community of Woodbury this 3 bedroom, 2.5 bath home features Richard Marshall solid walnut floors, plantation shutters, and crown molding. A gourmet kitchen opens to the family room complete with fireplace, and offers stainless steel Kitchen Aid appliances, granite counters, center island with built in seating, and Minka Lavery antique nickle pendant lights. French doors from the family room open to a rear yard with flag stone patio, seating area and built-in fire pit perfect for year round alfresco living. On the upper level is a study area, 2 secondary bedrooms and a master suite boasting a sumptuous master bath with dual vanity and soaking tub. Low-E glass windows, epoxy flooring in the garage, and heat barrier sheathing on the roof complete the residence. Walk to the award winning schools of Irvine Unified School District as well as Woodbury community amenities including pools, sport courts, parks and meeting center.

59 Waterspout, Irvine, California
For Sale: $949,000

To receive additional information on this property, please contact HÔM Sotheby’s International Realty Listing Agent, Kathryn White and John Cain

NEW LISTING – 501 K STREET, NEWPORT BEACH

Sun-filled California Mediterranean-style home on a large (3,000sft) corner lot within the charming beach community of Balboa Peninsula Point. Sited three doors from the bay, capturing views of the harbor and city lights, this completely remodeled home spans approximately 3,200 interior square feet and encompasses four spacious bedrooms, three and one-half baths and a large upstairs game/media room. Thoughtfully appointed interiors showcase casual coastal appeal with artisan stone and millwork, custom built-ins and an expansive gourmet kitchen with a full complement of professional-grade appliances and a large walk-in pantry. With a welcoming open floor plan the kitchen and adjoining great room lead to the more formal living and dining room spaces. French doors open to a sunny patio with views to the bay, creating a perfect venue for stylish indoor/outdoor entertaining. Upstairs the inviting master suite offers his/hers walk in closets, relaxing spa bath with soaking tub, his/her vanity areas, separate shower, and romantic bay view terrace. Three additional guest rooms and a large media room complete the upper level. Additional amenities include separate laundry room, abundant storage and two car garage with separate third car parking pad. With a thoughtfully conceived floor plan affording space not often found in such a beach-close location 501 K Street provides the perfect backdrop for an abundance of friends and family to come together at the beach.

501 K Street, Newport Beach, California
For Sale: $3,495,000

To receive additional information on this property, please contact HÔM Sotheby’s International Realty Listing Agent, Tara Shapiro

NEW LISTING – 928 E. BALBOA BOULEVARD, NEWPORT BEACH

A Modern Traditionalist approach to a classic California Cape Cod affording unparalleled bay front living. With exceptional thought to interior appointments and an air of understated elegance the flexible four bedroom, five and one-half bath layout lends itself to a relaxed waterside lifestyle. Burnished brass exterior gas lanterns, interior and exterior brickwork, and reclaimed hardwood flooring ground the home’s amicable palette. Abundant millwork and honed stone surfaces convey enduring style. From the dramatic light-filled three story entrance to the progression of the great room living, dining and kitchen spaces, interior flows to exterior as walls of glass expose the bay front terrace and deep private beach extending to the harbor. Ascending the second level the expansive master retreat with private lanai captures panoramic water views. Dual spa-like baths and separate dressing areas complete the serene environ. Three guest rooms with en-suite baths are each thoughtfully conveyed. Third level loggia serves as a stunning entertaining venue, with fully equipped outdoor kitchen and impressive bay and city light views. With a unique orientation on the Peninsula this bay front home also captures dazzling ocean coastline views from a third level sundeck. Newly constructed private dock for vessel of over 50 feet and Duffy boat, temperature controlled wine cellar, SmartHome technology, and two car garage with adjacent pad complete this newly constructed home on Newport Harbor.

928 E. Balboa Boulevard, California
For Sale: $7,695,000

To receive additional information on this property, please contact HÔM Sotheby’s International Realty Listing Agent, Tara Shapiro

NEW LISTING – 3009 ROYAL PALM DRIVE, COSTA MESA

Situated in the highly desirable neighborhood of Mesa Verde, this single story charmer has been highly upgraded and remodeled. The gorgeous kitchen features Carrera marble kitchen counters, contemporary pendant lights, with limestone flooring and upgraded appliances, including a gas range. Throughout the home, enjoy hardwood flooring, dual pane windows, central air, solid core interior doors, and recessed lighting, while each of the four bedrooms feature new ceiling fans. The living room presents custom built-ins and a gas fireplace. Not to be outdone by the indoor spaces, outdoors, you’ll find a beautiful pergola, a new rear patio and side yard, and new landscaping perfect for year round alfresco living. Customize this space, as the rear yard is plumbed for a gas fire pit, and outdoor kitchen (gas and electric). Additional recent upgrades include new plumbing, new main drain, new furnace, new water heater, new electrical panel and irrigation in front and rear yards. Located in the sought-after Newport Mesa School District, this is a must see property.

3009 Royal Palm Drive, Costa Mesa, California
For Sale: $769,000

To receive additional information on this property, please contact HÔM Sotheby’s International Realty Listing Agent, Kathryn White, and John Cain

NEW LISTING – 5915 SEASIDE WALK, LONG BEACH

This gorgeous property, situated on the charming wood-planked boardwalk of “The Peninsula” defines the ultimate in quiet beachfront living. The house encompasses every design element needed, including custom cabinets and limestone counters in the gourmet kitchen featuring visible fossils! Each space is unique in its own, yet cohesive and blended to create the preserved details of a classic yet modern beach home. The panoramic views of the ocean and city lights are breathtaking, and its not uncommon to see dolphins frolicking in the surf. The home boasts 5 baths and 4 bedrooms, including a grand master retreat with a balcony, ocean views, and a truly Zen-style en suite with a Jacuzzi tub and custom steam/rain shower featuring multiple sprayers for the spa experience. This house is overflowing with amenities and built-ins, and the additional 3rd floor bedroom can be used as a 2nd master. The “smart” house features the newest in technology and surround sound and is conveniently located near the best shops and restaurants of 2nd Street, outdoor activities, paddle-boarding, kayaking, kite surfing, body boarding and bayside boating. The spacious home affords over 4000 SQFT of living space, with an oversized 3 car garage and covered parking for two added vehicles.

5915 Seaside Walk, Long Beach, California
For Sale: $3,195,000

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

NEW LISTING – 22 MIDSUMMER, NEWPORT COAST

22 Midsummer represents an incredible opportunity to build an extraordinary estate on one of last remaining custom homesites within the ultra-exclusive, amenities-rich community of Crystal Cove. The 18,117 square foot lot presents a generous building site that possesses striking views of the ocean, Catalina Island, harbor, coastline and city lights. Offering resort-style living at its finest, residents enjoy 24-hour guard-gated and patrolled security and a wonderful assortment of amenities including swim, tennis, fitness, basketball, and event facilities at the 2.5-acre community center, The Canyon Club, access to 4 private parks and several miles of pristine hiking and biking trails and close proximity to World Class dining and shopping at The Crystal Cove Promenade and sensational beaches of Crystal Cove State Park.

22 Midsummer, Newport Coast, California
For Sale: $6,200,000

To receive additional information on this property, please contact HÔM Sotheby’s International Realty Listing Agent, Kathryn White, and John Cain

MARKET STUDY NO. 002 – HALF FULL: FORECAST FOR 2017

This is a projected analysis of economic growth through 2017 compiled through key global resources, including Goldman Sachs, Wall Street Journal, Forbes, and Bloomberg. Notwithstanding, this is our opinion.

These are our projections and estimations for the coming year in our market.

Ongoing local market growth underpinned by a longer-than-normal expansionary cycle.

When considered as a national whole, analysts’ assumptions and economic projections result in a ‘slow’ pace of market growth that’s not necessarily reflective of southern California: The local economy has a diversified foundation and indications point to continued strength.

We are speculating annual property value appreciation is expected to continue around 3% in the luxury markets, and roughly 7% in tertiary markets. Other markets that we serve are secondary home markets which are experiencing lower pricing due to increased pressure from additional inventory. The benefit of this will be expressed through increased transactional volume as a result of simply lower prices.

As a result, we can expect beneficial changes to the US Tax Policy, deregulation (Dodd-Frank among others), fiscal expansion and stability in oil prices. We believe these economic benefits will translate into the increased valuation.

Hold fast and be attentive to real estate opportunities. While policy uncertainty drives volatility, it may be mediated by deregulation and more favorable tax policies, and forces holding back market activity will eventually subside, making this a favorable time. While we see the glass as half-full, we are aware of the myriad of influencing factors, global and domestic, with international markets contributing to the increased volatility. The collective impact of these risks, however, is not sizable enough to undermine our projections.

In conclusion, we want to make it clear that increased volatility due to our present political situation will continually skew market activity. Overall, all indicators suggest a very positive year for the real estate market. Most importantly, we cannot emphasize enough that removal of regulatory constraints such as Dodd-Frank may even accelerate these positive market conditions.

Below is a graph courtesy of Goldman Sachs.
(click image for print file.)

As we have consistently communicated, housing is not an island and all markets carry an impact. What is compelling is that low-risk investments (S&P 500) are mimicking our projected price increases for luxury housing (3% projected increase). Similarly, higher-risk investments (Emerging Markets Equity) are mimicking secondary and tertiary markets that we serve (7% projected increase). Simply stated, a house on the water has a high intrinsic value, where a house 200 miles away from the water has less intrinsic value in higher risk parameters.

Market projections stated herein are in no way guarantees of future market results. Past performance of any market is not indicative of future market results. All buyers and sellers are encouraged to do their own due diligence prior purchasing or selling real estate or making any investments.

NEW LISTING – 71170 TAMARISK LANE, RANCHO MIRAGE

Located on a private corner lot in the heart of Rancho Mirage in the desirable Tamarisk neighborhood sits this beautifully renovated Desert Contemporary with phenomenal south and west mountain views. From the moment you drive up the circular driveway & enter the double doors, true pride of ownership is evident everywhere you look. Soaring ceilings, open flowing floor plan with wet bar, living/dining/family rooms & breakfast nook all open to the beautiful outdoor living & VIEWS! Situated on an expansive 13,939 square foot sunny lot with salt water pool, fully tiled spa, covered patios, built-in BBQ & stunning mountain views, this is an entertainers dream. Chef’s kitchen with slab granite counters, custom cabinetry, center island with prep sink, top of the line stainless steel appliances, Wolf range, sit down bar & huge walk-in pantry opens to the breakfast nook, family room & separate outdoor patio ideal for soaking up the morning sun. An incredible income producing property!

71170 Tamarisk Lane, Rancho Mirage, California
For Sale: $759,000

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

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