Saturday, December 5th – tour the newly completed Carlyle Residences and meet celebrity resident Larry King.
A development of The Elad Group, The Carlyle Residences is the last luxury hi-rise to be built on the Wilshire Corridor. “We’re delighted The Carlyle is now 100% complete,” says Tom Elliot COO of Elad Properties West. “The timing is perfect given the slight upswing in the super luxury real estate market.”
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Park Place on Seagrove Beach, a luxury Gulf-front condominium development is garnering attention with its unique architecture and South Florida-inspired style. The exclusive 19 unit development debuted in 2007 and only a few units remain available for purchase. Park Place is centrally located just two miles east of Seaside and includes 200’ of pristine private beach. Architect Bill Williams of Williams-Blackstock Architects of Birmingham, Ala. designed the impressive steel and concrete construction building with classic features. Park Place was developed by Ray Fitzpatrick and Steve Chambers, the team also responsible for the popular The Village of South Walton, a condominium community adjacent to Rosemary Beach.
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Concierge Auctions will conduct a luxury real estate auction of three luxury properties in the Jacksonville, Florida area on September 23, including a country estate on more than 24 acres of land and a 4,500-square-foot home in the Marsh Landing Country Club in Ponte Vedra, the company announced.
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Mountain View Apartments
Luxury living at a fraction of the cost of buying seems to be the message from Avalon Towers on the peninsula, California. These Mountain View apartments are renting from as little as $2000 a month. I do not remember the last time it was possible to rent a luxury apartment for this kind of money in California.
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International Luxury Real Estate has added Chateau Les Carrasses to its select list of luxury real estate for sale in France.
The 19th century castle of Chateau Les Carrasses is situated in one of France's most sought after regions, the Languedoc. Long valued for its charming lifestyle, living in this particular region of the French Mediterranean is a dream come true for the most discerning buyers of properties to buy in south of France. Imagine living in a redesigned Domaine that has produced wine since 1886 with its own vineyard, chefs, concierge services, chauffeurs, pool, gardens and many other guest services, while taking advantage of the location close to the charming village of Capestang.
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By far and away the least costly part of owning a megayacht is the original cost of the boat. Recently a megayacht slip sold for a record $4 million at Key Largo's Ocean Reef Club. The slip in question can accommodate up to 50 meter yachts. The new sale price is twice the previous record sale at Ocean Reef for $2 million. When you consider that Florida's luxury real estate market is falling apart, this is quite an achievement.
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As the banks crash, needing more and more government assistance just to survive, the luxury real estate market is beginning to feel the effects. Some places are harder hit than others. Specifically, the luxury condominium markets are having a very bad time of things. Massive over building, combined with unrealistic selling prices and lack of funding mean huge drops in values in some markets.
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Ups and downs in the luxury world. Well….. mostly downs actually. The credit crunch is taking a high toll amongst the luxury suppliers, particularly in luxury automobiles and properties.
Luxury Automobiles
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