Archive for the 'foreclosures' Category
This guest post was provided by Central Austin homes maven, Allison Allen.
One of the most steps to selling your home is making it attractive to prospective buyers. Showing the house is one thing, but showing it well is a whole different ball game. Even the most seemingly insignificant adjustments can transform your cluttered clamor into the house of people’s dreams. Here are some tips to help you get started.
The first thing to do: remove clutter. Nothing hurts home showings worse than clutter and disorganization and there are plenty of easy ways to de-clutter.
Turn unsightly household objects into home buying appeal. If you have a bunch of old magazines and books lying around, organize them into a bookshelf, or use them to accent other home décor. Old books make great lamp stands when stacked. If you haven’t used the stuff lying around your house in a while, then get rid of it. Whatever attachment you felt towards those things will soon be replaced by a sense of relief for your clutter free household.
Clutter doesn’t just come from knick-knacks and other things lying around, it can also come from having too much furniture packed into your living rooms and bedrooms. Although it my have been a nice set up for you, the potential buyer will be distracted by the lack of space. The less furniture that you have, the bigger the house will look, and that’s a good thing when showing a house. The more space the buyer sees they are getting for their buck, the more willing they will be to meet with asking prices. Before you show your house, take some of your excess furniture and store it away until the move. It will let the house breath and make the space much more accessible to the potential buyer.
Once clutter is removed, and the house is looking nice and open, it is usually a good idea to replace fixtures just to give it that “new house” look. This is one of the easiest and cheapest ways to really give your home a visual kick
Just as important as the inside of the house, the outside must also make a great impression on the potential buyer. Basic steps are to landscape and touch up any blemishes on the exterior of the property. Mulch that flower bed and plant something! Got dirty gutters, clean them! Nothing will hurt a house showing more than a beautiful interior and the second they step into the backyard, there’s potholes, patchy grass, and dirty windows—another inexpensive, sure-fire way to help your For Sale by Owner experience.
But perhaps most importantly in the staging process is the first impression, or as we say in the real estate business, “curb appeal”. The entrance to your home will set the tone for the rest of the house. So, tidy up that entryway. Maybe even give that front door a nice bold coat of paint on it so that the entrance will be fresh and inviting.
When selling your home, the most important element of the selling process is how the home shows. No matter your price, an ugly, uninviting, cluttered home won’t sell and it won’t look good on the part of the seller. So remove that clutter, dust of that lampshade, polish that doorknob and present a respectable and asking-price-worthy home to the buyer. Hey, you never know–after you’re done staging, your home might look so good you’ll want to stay.
The Kentucky Versailles Castle - Listed for $30 million. (Image Credit: Kentucky.com)
This week we are loving the gorgeous pictures of the castle Kentucky that is currently on the market. Constructed by Rex and Caroline Martin after their trip to France the home was left unfinished after the couple divorced a few years later. Now listed for $30 million, the massive castle is currently run as an inn and bed-and-breakfast that is being looked at by several interested buyers. On the rest of the Beat we featured celebrity homes for sale in California. Molly Sims recently listed her Hollywood Hills home as did Meatloaf and Burt Reynolds. As we get into spring, we are excited to check out what new properties will be featured on the Beat. Until next time…
Shot of the Kentucky Versailles Castle - (Image Credit: Zillow.com)
• Kentucky’s Versailles Castle for Sale
After a trip to Versailles, France in 1968 Rex and Caroline Martin were inspired to create their own castle right in Kentucky. They later divorced in 1975 and the uncompleted castle was left unused until Rex’s death in 2003. According to Zillow.com, it was later sold for $1.8 to Thomas Post who rebuilt it as a bed-and-breakfast/inn that has since been open for rentals and special events like weddings and fundraisers. Located on Versailles Road between Lexington and Frankfort, the stunning 50-room castle is now on the market for $30 million, according to Kentucky.com. There are talks that at least two people from South America are interested in purchasing the castle and if they do they can look forward to a 50-acre estate with stone walls, gardens, fountains, a tennis court and a huge pool. The new buyer can also look forward to having a game room, a library, a dining room as well as opulent window and home furnishings.
Molly Sims' modern kitchen - Listed for $2.8 million. (Image Credit: Zillow.com)
• Molly Sims Listed Her Hollywood Hills Home for $2.8 Million
Model and actress Molly Sims recently placed her gorgeous Hollywood Hills home on the market for $2.8 million. The Spanish-style home, built in the 1930s, includes three bedrooms, 3.5 bathrooms, and a modern kitchen with Viking appliances. The immaculately-styled home was also featured in InStyle magazine.
Pics of Kourtney Kardashian's new home - Purchased for $1.7 million. (Image Credit: The RealEstalker)
• Kourtney Kardashian Buys a New Home
Kourtney Kardashian of “Keeping up with the Kardashian” fame recently purchased a new home for $1.7 million. Located in Calabasas, California, the four bedroom, 4.5 bathroom room also includes an office, library, guest room, fitness room and a media lounge. The 5,334-square-foot home also includes a wine cellar, a fireplace, a game room, and a modern kitchen with stainless steel appliances and a breakfast nook as well as gorgeous views of the hills.
Pics of Meat Loaf's home - Listed for $3.2 million. (Image Credit: The Real Estalker)
• Meat Loaf is Selling his California Estate
Singer and current participant of “The Celebrity Apprentice” is currently moving from his Calabasas, California estate. Listed for $3.2 million, the 7,142 square foot estate includes seven bedrooms and seven bathrooms that once featured in Architectural Digest
for its impressive décor. The new owner can also look forward to a three-car garage, a formal living room, a fireplace, a media room, and a custom-made kitchen.
Burt Reynolds home - Listed for sale at $10.9 million. (Image Credit: Zillow.com)
• Burt Reynolds’ Home for Sale at $10.9 Million
Burt Reynolds recently listed his Los Angeles home for sale for $10.9 million. His modern 20,580-square-foot glass home features stunning views of the city and the ocean. The home was recently designed by Steve Hermann who updated the home to feature numerous amenities such as a state-of-the-art kitchen and a large family room. The home also has four bedrooms and four bathrooms.
Don’t forget to like us on Facebook and follow us on Twitter!
• Follow us on Twitter @Relocation_News
• Become a fan of Relocation.com on Facebook
By Serena Norr
This week ended up being an all-homes-for sale edition of the Beat, and boy, were there some interesting ones on the market. Starting in NYC, we featured the $90 million dollar estate that was once owned by the Woolworth family. The mansion, now owned by Lucille Roberts’ family, includes 10 bedrooms and 11.5 bathrooms. For a smaller amount (and not much), you can purchase Dennis Quaid’s home in the Pacific Palisades, Mary J. Blige’s home in New Jersey or Christine Aguilera’s home in Beverly Hills. Kelsey Grammer is also selling his Avon, Colorado home this week for $7.9 million. Still too rich for our blood, we’ll simply admire this luxurious real estate eye candy. Until next week…
View of the $90 million dollar Woolworth mansion. (Image Credit: Curbed NY)
• Woolworth Mansion for Sale at $90 Million
The former Gothic-style townhouse once owned by Frank Woolworth (of the nickel and dime store) has recently been place on the market for the staggering asking price of $90 million dollars! Located on East 80th Street in NYC, the 18,000-square-foot mansion, now owned by Lucille Roberts (the fitness mogul), includes lavish amenities such as three kitchens, 10 bedrooms, an elevator, a library and 11.5 bathrooms. The massive complex, designed by famed architect Charles Pierpont Henry Gilbert, also includes 14-foot ceilings, seven floors, eight fireplaces, a gym and a suite for staff members. Roberts purchased the home in 1995 for $6 million but passed away in 2003 – which is why her family is looking to sell the opulent mansion. For those that can’t fork over the $90 million dollars, the home is also available as a rental for $210,000/month.
Exterior Shot of Dennis Quaid's Home - Listed for Sale at $16.9 Million. (Image Credit: Zillow.com)
• Dennis Quaid Lists Pacific Palisades Home for $16.9 Million
Famed actor and musician Dennis Quaid is reportedly selling his Pacific Palisades home for $16.9 million in order to relocate to Texas. The French-style home, purchased in 1999, has been completely renovated by Quaid and includes a guest house, three bedrooms, three bathrooms and a huge barn for several horses. The two-acre home also includes 8,400-square-feet of living space, a modern kitchen, an office, a pool and a wine cellar that is situated amidst a backdrop of sprawling trees and luscious greenery. If sold at $16.9 million, the home would average a profit of about 823.5 percent, according to Zillow.com.
Pictures of Mary J. Blige's New Jersey Mansion - Listed for Sale at $13.9 Million. (Image Credit: Housing Watch)
• Mary J. Blige Lists New Jersey Mansion for $13.9 Million
Hip-hop mogul Mary J. Blige is reportedly looking to sell her New Jersey mansion for $13.9 million dollars. Located in Saddle River, New Jersey, the 25-room mansion features a gourmet kitchen, a movie theatre with 14 seats, a wine cellar, an indoor basketball court, a six-car garage and 18,250-square-feet of living space. The 4.2 acre house was originally listed at $17 million in 2008 and recently dropped to the current asking price.
Christina Aguilera's Beverly Hills Mansion - Listed for Sale at $13.5 Million. (Image Credit: The Real Estalker)
• Christina Aguilera Places Beverly Hills Home on the Market for $13.5 Million
Pop singing sensation Christina Aguilera recently listed her Beverly Hills estate for $13.5 million. The 10,000-square-f00t home (once owned by the Osborne’s) includes six bedrooms, nine bathrooms, a formal living room, a home theater, a library, a recording studio and an in-home hair salon. The home also includes a massive backyard equipped with a pool, lounge and built-in barbeque area.
Kelsey Grammer's Colorado Ski Home - Listed for Sale at $7.9 million. (Image Credit: The Real Estalker)
• Kelsey Grammer Lists Colorado Ski Home for $7.9 Million
Kelsey Grammer of the hit shows “Cheers” and “Fraiser” recently listed his Avon, Colorado ski estate for $7.9 million. The recently divorced and remarried TV star is looking to sell this 8,230-square-f00t home as part of his settlement with Camille Grammer (of “The Real Housewives” fame). The gorgeous three-story vacation home includes six bedrooms, 7.5 bathrooms, stone fireplaces, a gourmet kitchen and a wine tasting room that is situated on 1.67 acres.
Don’t forget to like us on Facebook and follow us on Twitter!
• Follow us on Twitter @Relocation_News
• Become a fan of Relocation.com on Facebook
The wacky and wild world of celebrity real estate did not disappoint this week. First, we have Charlie Sheen and his never-ending media circus has once again made the news – except this time it is within the real estate segment. He recently purchased a 9,020-square-foot mansion in Sherman Oaks, California that is reportedly for his ex-wife and their two children. On the rest of the Beat you will find homes listed on the market – ranging from Jennifer Aniston’s $42 million mansion to Julianne Moore’s $12.5 million dollar NYC townhouse. Those amounts are a bit out of our price range but we look forward to reporting on who the lucky buyers are. Stay tuned…
Charlie Sheen's New Mansion. (Image Credit: The Real Estalker)
• Charlie Sheen Buying a New Mansion
Much has been said about the drama involved around Charlie Sheen and his media circus and now he is making news within the real estate market with his recent purchase of a mansion in Sherman Oaks, California. Purchased for his ex-wife Denise Richards, the $7,495,000, 9,020-square-foot estate includes an elevator, six bedrooms, nine bathrooms, a library, a formal living room and a gourmet kitchen. The two-story gated home also includes a formal backyard with a swimming pool and spa.
Jennifer Aniston Lists Beverly Hills Home. (Image Credit: The Real Estalker)
• Jennifer Aniston Lists Beverly Hills Mansion for $42 Million
Jennifer Aniston has recently been featured on the Beat as she has been scouring NYC for a new condo. No word yet on whether a home has been picked but there is news this week that she placed her Beverly Hills estate on the market. Listed at a whopping $42 million, the 10,000-square-foot Asian and Balinese-inspired home includes five bedrooms, 7.5 bathrooms, two living rooms, a gourmet kitchen and a home gym. The home is also said to include state-of-the-art smart house technology, an extensive security system, tons of storage space, a three-car garage and an outdoor swimming pool. Originally purchased in 2006 for $13,500,000, we’ll be sure to let you know who buys this luxurious (and expensive) property.
• Julianne Moore’s West Village Home is on the Market
Actress and children’s book author Julianne Moore originally listed her five-floor West Village townhouse for $11.995 million in 2009 – unable to find a buyer the home has been re-listed for $12.5 million. Built in the 1800s, the six-bedroom, 3 bathroom home, includes a gorgeous 49-foot garden, eat-in kitchen, a high-tech security system, a home office, media room and a laundry room.
Tom Brady's floorplan. (Image Credit: Curbed NY)
• Tom Brady Selling Time Warner Center Condo
NFL star Tom Brady recently listed his three-bedroom condo for $14 million. Purchased in 2006, the condo, located in Time Warner Center, was then re-listed shortly after in 2007 where it has since been rented for $50,000/month. It has been reported by the Journal that the condo has a seller who is expected to enjoy a home with incredible light, oak flooring, a modern Chef’s kitchen with state-of-the art appliances, granite counter-tops and customized cabinetry.
Cher's former home. (Image Credit: The Real Deal)
• Cher’s Former Home Reduced to $10.2 Million
The Gorce Island mansion home formally owned by Cher in the 1990s has recently listed has recently been to $10.2 million. Located off of Miami Beach, the luxurious 11,460-square-foot mansion, owned by investor Armin Mattli, includes upgrades of about $1 million dollars, a 60-foot pool, and 158-feet or water front. The three-story home also has six bedrooms, seven bathrooms and a two-story hall embraced with double staircases. Originally listed for $16.9 million in 2008 and then for $11.5 in July – making this recent drop at least 40 percent below the market price.
Don’t forget to like us on Facebook and follow us on Twitter!
• Follow us on Twitter @Relocation_News
• Become a fan of Relocation.com on Facebook
By Serena Norr
This week the sports media was buzzing with the trade of Carmelo Anthony from the Denver Nuggets to the NY Knicks. Now that Anthony is back in the Big Apple he now needs a place to live and has reportedly been looking for a high-priced NYC rental for about $30,000 a month. We aren’t sure what he will choose but there is buzz that he has been eying the uber luxurious Soho Mews and 158 Mercer (the same building where Bon Jovi lives). The rest of the Beat takes us to California where reigning pop queen Britney Spears and celebrity stylist Rachel Zoe both recently purchased new mansions. There were also homes listed on the market in California by TV stars Dave Coulier and Mischa Baron whose home is described as a “modern villa.” Until next week…
• Carmelo Anthony Looking to Rent
Much has been said about trade of Carmelo Anthony from the Denver Nuggets to the NY Knicks. With everything in place, Carmelo and his family are now looking to rent in NYC for about $30,000 a month. He has been reportedly scouting 158 Mercer St., the same building where Jon Bon Jovi lives and SoHo Mews where Justin Timberlake has a place.
Britney Spears' New Hollywood Hills Home. (Image Credit: The Real Estalker)
• Britney Spears Buys in Hollywood Hills
Oops she did it again but this time it is an expensive real estate property. Purchased for $12,900,000, the Hollywood Hills home includes 19,107-square-feet of living space, 10 bedrooms and 13 bathrooms that is situated on a 3.39-acre village-like estate. The gated Tudor-style home also includes an arcade, a modern kitchen, a fitness center, a poker playing room, guest quarters, a swimming pool and spa.
Rachel Zoe's New Beverly Hills Home. (Image Credit: The Real Estalker)
• Rachel Zoe Moves to Beverly Hills Mansion
Celebrity stylist Rachel Zoe is on the move. The pregnant Zoe and her husband recently left their one-bedroom apartment and relocated to a huge 7,185-square-foot mansion in Beverly Hills. The two-story contemporary mansion includes five bedrooms, 6.5 bathrooms and two walk-in closets. The complex also includes a formal living room with a fireplace, a private terrace, private facilities, a well-lit kitchen and a two-car garage. The property also includes a backyard with luscious greenery, a swimming pool and spa. It was also reported that Zoe paid $8,250,000 for the property.
Deck View from Mischa Barton's Home. (Image Credit: Zillow.com)
• Mischa Barton Looking to Sell Beverly Hills Estate
Former “OC” actress Mischa Baron is looking to sell her gorgeous Beverly Hills estate for $8,695,000, or for lease at $30,000/month. Located in the gated Beverly Glen community of Bowmont Estates, the home includes an ivy-draped main house, 8 bedrooms, 10 bathrooms, and 9,800-square-feet of living space. There is also a modern kitchen, guest houses, an outdoor swimming pool, and spa. According to listing information, the main house and three guesthouses total 8 bedrooms.
Exterior View of Dave Coulier's Home. (Image Credit: Zillow.com)
• Dave Coulier Places Encino, California Home on the Market for $1.65 Million
Dave Coulier, better known as Uncle Joey on the popular show “Full House,” has recently placed his Encino, California home on the market for $1.65 million. The remodeled and gated home includes 4,000-square-feet of living space, six bedrooms, three bathrooms, an office, living room and dining room, and an outdoor space with a patio and a swimming pool.
Looking to buy a home in Hawaii? Whether you’re relocating to the islands or thinking of buying an investment property, finding the right piece of Hawaii real estate requires time, effort, and yes, an island visit — or two! Though you can easily narrow down prospective island properties with a myriad of online tools, virtual house hunting can only take you so far. There’s no substitute for the real thing.
Visiting Hawaii isn’t exactly a hard sell, but if you’re new to the islands; it can still be daunting. Here are some quick tips to keep in mind before you book your trip.
1. You don’t have to splurge on a hotel.
There are two versions of Hawaii: the one you see as a tourist, and the one you see as a resident. Though there is a massive amount of resources and services available to tourists, things work very differently for locals. While you’ll probably have to stay in a hotel, keep it simple. Forget the ocean view or the upgrade to a suite, and don’t rule out discount chains. After all, the point of visiting Hawaii is to spend as little time as possible in your hotel room. And you don’t want to mistake tourist luxury for day-to-day reality. You might even want to consider a Hawaii vacation rental… though be careful: these are tightly regulated, and not all of them are legal operations.
2. Be flexible on transportation.
For the most freedom and flexibility, you’ll probably want to rent a car while in Hawaii. But if your budget is limited, or if you’re not comfortable driving in an unfamiliar place, you have other options. If your interest is Honolulu real estate, the island of Oahu boasts one of the best bus systems in the country. If you find a place to stay near Waikiki or Ala Moana Center, you can catch the bus just about anywhere for $2.50 each way (or $25 for a four-day pass). Otherwise, you can look for shuttle and taxi services (though these often require reservations, as you can’t “hail a cab” on the street). Finally, remember that there are many friendly and knowledgeable Realtors in Hawaii. They would know the best way to get around your future neighborhood, and often schedule caravans or gladly take clients around on their own dime.
3. Play early, work late.
Checking out Hawaii homes and Hawaii condos is hard work, but it’s hard to resist taking some time to play tourist. You should! But if you’re looking to see some of the most popular attractions — the Arizona Memorial at Pearl Harbor, Hanauma Bay, or Diamond Head on Oahu, or the Hawaii Volcanoes National Park on the Big Island — don’t waste your time in lines or fighting crowds. Start your day as early as possible to avoid the crunch, and to save more of your day for your property search. Hike Diamond Head at dawn, catch the first tour at Pearl Harbor, and be ready to get back to work by lunch. The afternoon and early evening is often the best time to meet with Realtors or sellers, anyway.
4. Eat different.
Hungry? Sure, Hawaii is a U.S. state, and has most of the brands and chains Americans love. But Hawaii is in many ways a whole other country, and overflows with unique dining options. Try to make it through your stay without visiting a single chain restaurant. Or at least stick to Hawaii-based chains: Zippy’s and L&L Hawaiian Barbecue restaurants are almost everywhere. Mom and pop diners and food trucks are great options as well. Remember that Hawaii has strong ties to the Pacific Rim and Asia, and explore those cuisines. You probably won’t be able to stick to your diet while in the islands, but you could quickly become an expert in sushi, or the local plate lunch.
5. Slow down, and take it easy.
If you’re used to the fast-paced, brisk and efficient pace of business in most American cities, landing in Hawaii can be a jarring experience. Bringing expectations from New York, Chicago or L.A. will only lead to frustration. Things in Hawaii move slowly, run late, and are usually very casual. (“Hawaiian Time” is an oft-used phrase that essentially means nothing starts or runs on time.) Leave your ties at home, don’t panic if you get a hug instead of a handshake, and expect to miss a few appointments. Rather than trying to squeeze in six visits or meetings, plan for three, then play it by ear.
Finally, don’t forget the basics. Wear sunscreen and carry water, as you can still get sunburned or dehydrated during “winter” in Hawaii. Don’t leave valuables in your rental car, and keep important documents safe. And most importantly, enjoy. You’re in Hawaii!
By Serena Norr
This is the first time on the Beat when an apartment was listed on the market that was NEVER lived in. The apartment in question is owned by the fashion maven Karl Langerfeld who recently listed his NYC penthouse for $5.5 million dollars. New York City is also the location where Jennifer Aniston is reportedly looking to buy. She allegedly placed an offer on a 2,950-square-foot complex in the West Village for $14,950,000 and is looking to sell her mansion in Beverly Hills. Another interesting property on the Beat is the Beverly Hills home of Elvis and Priscilla Presley that can now be rented out for $25,000 a month. Not a cheap rental by any means, this property is a one-of-a-kind listing where the new renter will shack up in same abode where The King lived for years. Do you know of a hot property on the market? Email me at email@example.com. Until next week…
• Karl Langerfeld Lists Never-Lived-In Apartment for $5.5 Million
Fashion maven Karl Lagerfeld recently placed his never-lived-in NYC apartment on the market for $5.5 million dollars. Located at 50 Gramercy Park North, the three-bedroom 3.5 bathroom co-op was originally purchased fin 2006 for $6.575 where Langerfeld was reportedly going to retire. The designer has since changed his tune and decided to stay in Paris – leaving an immaculate and untouched sixth-floor residence. The space includes custom bookcases personally designed by Lagerfeld, spacious closets, views of Central park and dramatic floor-to-ceiling windows. It is also reported by the NY Post that “Chanel will be doing an “installation of images” in the apartment, and closets will be filled with Chanel bags, shoeboxes and garment bags.”
Katie Lee's cute eat-in kitchen - Sold for $11.65 Million. (Image Credit: http://www.dailymail.co.uk/)
• Katie Lee Sold New York Townhouse for $11.65 Million
Lifestyle cook and Billy Joel’s third ex-wife Katie Lee recently sold the New York townhouse she received as part of her divorce. Purchased in 2006, Joel originally paid $5.9 million for the West Village home that was since renovated and redesigned by celebrity designer Nate Berkus. The massive 4,000-square-foot four-floor townhouse includes four bedrooms, four bathrooms, four fireplaces, a covered pool, a chef’s kitchen with a six-burner Wolf stove, custom cabinetry and wine storage an elevator and a landscaped garden. The undisclosed new owner paid $11.65million for the home.
You can rent Elvis' home for $25,000 a month. (Image Credit: Luxist.com)
• Elvis’ Beverly Hills Estate Available for Rent at $25,000/month
The LA Times recently reported that Elvis and Priscilla Presley’s gated compound in Beverly Hills is up for lease for $25,000 a month. Built in 1958, the recently remodeled estate sits on 1.18-acres of land that overlooks the city and ocean. The house also includes four bedrooms, five bathrooms, a family room, a dining room, a media room, a guesthouse, floor-to-ceiling windows, a new kitchen and laundry room, a pool and spa and 5,367-square-feet of living space.
Pics of Jennifer Aniston's potential new penthouse. (Image Credit: The Real Estalker)
• Jennifer Aniston Might be Buying in NYC
Word on the street is that Jen Aniston might be looking to buy in NYC. She reportedly placed her 9,000+ square foot Beverly Hills mansion on the market and has placed an offer on a pre-war duplex penthouse in the West Village for $14,950,000. According to listing information, this 2,950-square-foot complex includes four bedrooms, 4.5 bathrooms, two fireplaces, two terraces and two floors. The apartment also recently underwent a huge renovation to include a contemporary eat-in kitchen, marble counter tops and hardwood flooring. Since this is all speculation, we eagerly await news on this breaking real estate story.
The new home of Neil Patrick Harris. (Image Credit: The Real Estalker)
• Neil Patrick Harris Buys a New Home in Sherman Oaks
Neil Patrick Harris, star of “How I Met Your Mother” and “Doogie Howser, M.D.” recently purchased a suburban home in Sherman Oaks, California. The 4,286-square-foot home includes six bedrooms and 4.5 bathrooms for $2,100,000. Built in 1991, the home sits on one-third of an acre of land that includes a two-car garage, an eat-in kitchen, French doors and a spacious backyard with a spa and a swimming pool for Harris and his two new children.
Don’t forget to like us on Facebook and follow us on Twitter!
• Follow us on Twitter @Relocation_News
• Become a fan of Relocation.com on Facebook
Gorgeous views from Katay Sagal's former home - sold for $3.77 million. (Image Credit: Housing Watch)
By Serena Norr
We saw some exciting properties listed on the celebrity real estate market this week. Starting with novelist Truman Capote whose Brooklyn Heights home was recently listed on the market for $15.9 million – a drop from its original listing of $18 million. Considered one of the most expensive homes for sale in Brooklyn, the gorgeous Greek Revival is said to be the home where Capote lived from 1955-1965 and where he also wrote “In Cold Blood” and “Breakfast at Tiffany’s.” Kate Moss, the professional waif was also on the Beat this week for purchasing an historic mansion in London. Once owned by several literary figures, the home is situated on Highgate Hill and includes seven bedrooms and seven fireplaces – among many other attributes of this four-floor mansion. There were also numerous homes placed on the market from Los Angeles such as Rose McGowan’s Spanish-style home and Kyle Richards’ (of the Real Housewife fame) Los Angeles cul-de-sac and we are eager to see who purchases these hot properties. Until next time…
Exterior shot of Truman Capote's Brooklyn townhouse - Listed for $15.9 million. (Image Credit: Sotheby's International Realty)
Four flights of stairs in Truman's former townhouse
Kitchen in Truman Capote's former home. (Image Credit: Sotheby's International Realty)
• Truman Capote’s Brooklyn Home Drops to $15.9 Million
Truman Capote’s former Brooklyn Heights residence was recently placed on the market for $18 million – only to see a recent drop to $15.9 million. A Greek Revival townhouse, built in 1839, the 9,000- square-foot home includes 11 bedrooms, 11 fireplaces, columned porches, mahogany staircases, two kitchens, crystal chandeliers, an artist’s studio, a library and a gorgeous garden. The sale of the historic home is being maintained by Sotheby’s Realty that is said to be the most expensive townhouse for sale in Brooklyn. Capote lived in the home from 1955-1965 where he wrote “Breakfast at Tiffany’s” and “In Cold Blood.”
Exterior shot of Rosie McGowan's home - Listed for sale at $1.8 million. (Image Credit: The Luxist)
Rose McGowan's living room- Listed for sale at $1.8 million. (Image Credit: Housing Watch)
• Rose McGowan Lists Los Feliz-Area Home
Actress Rose McGowan recently listed her Los Feliz-area home for $1,849,000 million. Purchased in 2004, the home features both Spanish and Moroccan architectural elements that cover the four-bedroom with wood doors, three-bathroom home. The vintage-inspired home also includes a formal dining area, arched windows and 4,278-square-feet of living space. The home also includes a renovated kitchen and dining room and French doors that opens to a balcony on the second floor.
Katey Sagal's Kitchen - Sold for $3.77 million. (Image Credit: Housing Watch)
View from the pool of Katay Sagal's former home.
• Katey Sagal Sells Her Hollywood Hills Home for $3.77 Million
Actress Katey Sagal and her husband Kurt Sutter have recently sold their spacious Los Angeles home for $3.77 million to Rickey Minor, former music director of “American Idol.” Measuring at over 7,202-square-feet, this five-bedroom, eight-bathroom home is located on a gated property that leads up to the wooded hillside property. Built in 1962, the home is situated on 1.5 acres of land that also includes a dining room, a two-sided fireplace, a built-in contemporary breakfast area and an outdoor area with a basketball court, swimming pool and spa that also happen to overlook the gorgeous LA hills and the ocean.
The new mansion Kate Moss purchased for £7,950,000. (Image Credit: The Real Estalker)
• Kate Moss Buys a Historic Literary Mansion in London
Model Kate Moss recently purchased a 6,728-square-foot home in London for £7,950,000. Situated on Highgate Hill, one of the highest points in London, the mansion is considered an historic home where numerous literary figures once lived. The historic four-floor home includes seven bedrooms, seven fireplaces, two kitchens and four full-sized bathrooms. There is also a wine cellar, boiler room, storage space and guest quarters that includes two bedrooms, two bathrooms, a laundry room and a kitchen/dining area. Moss also owns a 10-bedroom farmhouse in Little Faringdon and a property in St. John’s Wood/Primrose Hill area of London, which is expected to go on the market shortly.
Kyle Richards' Hollywood estate - Listed for sale at $2.4 million. (Image Credit: The Real Estalker)
• Kyle Richards, a Real Housewife of Beverly Hills is Looking to Sell
Kyle Richards of the “Real Housewives of Beverly Hills” recently placed her four-bedroom, five-bathroom home on the market for $2,450,000. Located in Los Angeles, the 4,200-square-foot remodeled home also includes a formal dining area, an office and a resort-style back yard with a pool, barbecue area and a spa. The home, located at the end of a quiet cul-de-sac, was first listed for sale in 2009 for $3,450,000, which later dropped to its current listing price.
Moving to the city or the country? Read our detailed list about the pros and cons of both.
Transitioning Between the City and the Suburbs?: Here’s What You Need to Know about Making the Move
By Faith Teel
Special to Relocation.com
As the old saying goes, “The grass is always greener on the other side.” Whether you’re headed out to the wide-open spaces of the suburbs or moving into the exciting neighborhoods of the big city, you might find that you’ve gotten more than you’ve bargained for. Here are just a few examples of the things they don’t tell you in the advertisements.
Moving to the Suburbs
Long Commutes and Distant Stores – Many people move to the suburbs in search of more space to raise a family or grow a garden. Unfortunately, there is a flip side to having more space: everything is farther apart. Your commute will probably be longer, and you’ll have to drive, because most suburbs are too spread out to make public transportation cost-effective. In some places, it’s common to have an hour-long commute in each direction, which may mean 10 hours that have disappeared from your week.
The lack of public transport also means that you’re more likely to encounter the greatest terror to ever stalk the streets: the teenage driver. In cities, teens can often walk or catch the bus to socialize, but some suburbs are so spread out that a jog to the local coffee shop would be a three-hour marathon. Suburban teens usually get cars long before they get good judgment about driving them.
A Cultural Vacuum – One of the first things that urbanites miss when they move to the suburbs is the variety that cities offer. Many suburbs are extremely homogenous, with cookie-cutter houses and cookie-cutter restaurants. Even the people often seem the same, because few suburbs are economically or ethnically diverse. Don’t bother to look for museums, and feel lucky if a few of the chain restaurants offer take-out or delivery.
Where Are All the People? – The very privacy that you came looking for can also be your downfall in the ‘burbs,’ because everyone around you moved out here for privacy as well. With everyone so spread out, it can take a long time to meet new people.
Crime is Everywhere – Yes, there is usually more crime in the city, but the suburbs are not exempt from it. There’s lots of petty theft in suburbs, and there are still gangs and drug use in the high schools. Your kids are less likely to get mugged, but that doesn’t mean you should leave your doors unlocked at night.
The Grating Outdoors– One of the biggest surprises for ex-urbanites is the proximity of Mother Nature in the suburbs. If you’ve never had to mow a lawn or check the kids for ticks, you’re in for quite an experience.
Moving to the City
No Space – The city is an exciting place to be and a great place to find work, which is probably why you want to be there. Unfortunately, everyone else wants to be there too, and that drives up the price of real estate. If you want to live in a reasonably safe neighborhood, be prepared to pay through the nose for a tiny apartment.
For the same reasons, city parking is often impossible. People often sell their cars when moving to the city, which means you will have to rely on public transportation such as buses and cars.
Other People – Other people are everywhere in the city, and that can take some getting used to. Traffic is often worse, but the real nuisance is the noise, smells and constant crowds.
Goodbye, Mother Nature – It can be hard to get in tune with nature in the city. The parks are often crowded with other people (see above) and some may not even be located within a close distance to your home. If you manage to score a balcony or small yard with your apartment, keep in mind that the pollution can be hard on plants and trees. It’s also tough to keep animals in the city, especially big dogs that need room to roam.
School Roulette – In the city, it’s easy to get to know other parents, and you’ll need this advantage when it comes to getting your kids into a good school. In the suburbs, getting into the right school is usually a matter of buying a house in the best neighborhood. In the city, finding the right school is a combination of luck and strategy, and every city’s rules are different. You won’t even have to raise this topic at your kids’ next playdate, because it will be the first thing on every parent’s mind.
Abrupt Changes in Neighborhoods – With everything in the city so packed together, it can be hard to tell at first glance which neighborhoods are safe and which aren’t. In some cities, the transition from slum to swank can happen in just one block. The transient nature of a community’s character becomes more obvious over time. One day, you could wake up to discover that your edgy, artistic neighborhood has become a slum or a yuppie’s paradise.
Whether you’re searching for greener grass in Levittown or the Big Apple, one thing is certain: you’re sure to need some time to adjust. Before you make the jump, take a little bit of extra time to explore the community that you’re moving to. No two cities are alike, and the same is true for suburbs, so if you don’t like what you see, look elsewhere. The quality of your life depends on it.
By Serena Norr
California was a hot real estate destination on this weeks Beat. From Jack Black to Lindsay Lohan to Orlando Bloom to Drew Barrymore it seems that everyone was either buying or selling or placing their homes up for rent in Cali. Not only homes, this week it was reported that a massive yacht – 193-feet to be exact – was purchased by Google’s co-founder Larry Page. According to the New Zealand Herald, Page reportedly spent $45 million for his luxury liner that comes equipped with a fitness and massage room, on-deck Jacuzzi and a helicopter landing pad. Until next week…
• Jack Black Purchases Home in California for $5.9 Million
According to the LA Times, actor Jack Black recently purchased Flea’s (from the Red Hot Chili Peppers) California home for $5.965 million. The Los Feliz-area home includes seven bedrooms and three bathrooms, along with solar panels, a pool, a motor home and 6,500-square-feet of living space.
Image of Orlando Bloom's Home - Renting for $18,000/a month. (Image Credit: The Luxist)
• Orlando Bloom List Hollywood Home for Lease
English actor Orlando Bloom recently placed his Hollywood Hills Home up for rent for $18,000 a month. The private and gated estate, situated on a hill includes 3/4 of an acre of gardens, an outdoor pool, spa and a gourmet kitchen fitted with custom cabinets. The home, purchased for $2.75 million in 2007, also includes four bedrooms, four bedrooms, including a master suite with a large walk-in closet that overlooks the pool and 3,200-square-feet of living space that sits on a spacious three-quarter-acre lot.
Exterior shot of Drew Barrymore's new home - Purchased for$5.7 million.
• Drew Barrymore Buys Home New Home in California
Actress Drew Barrymore recently purchased a two-plus acre estate in Montecito, California for $5,705,000 (originally listed for $6.9 million). The Monterey Colonial style mansion includes six full-sized and two half bathrooms, five bedrooms, three fireplaces, a two-car attached garage and a guesthouse. Encompassing 6,000-square-feet, the traditional L-shaped mansion also includes a formal dining room with walnut flooring, a library and an outdoor area with a gorgeous garden and backyard terrace.
Massive yacht purchased by Larry Page for $45 million. (Image Credit: Housing Watch)
• Google Co-Founder Larry Page Buys 193-Foot Yacht
According to the New Zealand Herald, Larry Page, the co-founder of Google recently purchased a 193-foot yacht called the Senses for $45 million. The massive white boat or what some may call a ‘floating mansion,’ includes indoor and outdoor dining areas, an office, a fitness and massage room and an on-deck Jacuzzi. The Senses can also fit 14 crew members and 10 guests and includes a helicopter landing pad. Page, who lives in Palo Alto, also owns a 8,149-square-foot mansion with six bedrooms and four full-sized bathrooms that he purchased for $6,800,000.
Images of Lindsay Lohan's new Venice rental - Listed at $17,000/a month. (Image Credit: The Real Estalker)
• Lindsay Lohan Rents at the Beach
Actress Lindsay Lohan (who was also recently released from the Betty Ford clinic), scored a new rental in Venice for $7,100 per month. The modern 3,100-square-foot high-rise home includes four bedrooms and 3.5 bathrooms that also includes a steel fireplace, huge windows and a modern kitchen with mahogany cabinets.
Don’t forget to like us on Facebook and follow us on Twitter!
• Follow us on Twitter @Relocation_News
• Become a fan of Relocation.com on Facebook
By Serena Norr
As 2010 comes to an end, we are optimistic that the housing market will improve – whether that means more families that are able to buy homes or those that don’t have to go through the foreclosure process. One way we escape is by perusing at celebrity real estate as a way to escape as well as send positive real estate vibes for those that need them. This week there were many sales including Pink who purchased a lovely estate in Malibu complete with a pool, gourmet kitchen and stone fireplaces. Michael Jordan also purchased a new home this week, actually two condos, for $3.2 million. It was also reported that President Barack Obama’s Hawaiian vacation home will soon be available for rent. Most of us, though, probably can’t afford the $3,500/per night rental fee. Although these home purchases and listings are extreme, we wish everyone a prosperous New Year in real estate – whether that means scoring your first apartment or buying your first home. Happy New Year!
Pink's New Home - Purchased for $11.85 Million. (Image Credit: The Real Estalker)
• Pink and Cary Hart Buy New Home in Malibu for $11,850,000
It was recently reported that pop singer Pink and her motorcycle riding hubby are expanding their family with the addition of a new a baby. The couple also recently purchased a new six-bedroom home in Malibu, California for $11,850,000. Enough to fit several children, this 6,800 square feet abode also includes seven bathrooms, stone fireplaces, wood-beamed ceilings, a gourmet kitchen complete with a breakfast room overlooking the sprawling Point Dume cliffs and one acre of land. The property, built in 2005, also includes their own aquatic sanctuary with a 25-yard swimming pool, outdoor pond and fountains.
Former Home of Poet Langston Hughes - Listed for Sale at $1 Million (Photo Credit: Sotheby's)
• Former Harlem Home of Langston Hughes on the Market for $1 Million
The former town house of poet and writer Langston Hughes was recently placed on the market for $1 million. Located in East Harlem, measuring 20×45 feet, includes four floors and a basement as well as five bedrooms and four bedrooms. Property listings from Sotheby’s describe the property as “needing a total renovation” with “plenty of room to design your dream home.” The historic home also includes eight marble wood fireplaces and original molding along with hardwood flooring and a 20×100 deep garden, which adds extra light to the home.
Michael Jordan's Swanky New Kitchen - Sold for $3.2 Million (Photo Credit: The Luxist)
• Michael Jordan Buys a $3.2 Million Dollar Penthouse in Charlotte
Michael Jordan, basketball Legend and owner of the Charlotte Bobcats recently purchased a 7,000-square-foot home in Charlotte, North Carolina. The two-floor penthouse (Jordan combined two units) comes equipped with its own private elevator, gourmet kitchen and outdoor space equipped with areas for grilling and gas fireplaces. The condo, located at The Trust, is also conventionally located within walking distance to the Time Warner Cable Arena where most of the Bobcats games are held.
Hawaiian Rental Where Obama Stays - Currently Listed for $3,500/Per Night. (Photo Credit: AOL Real Estate)
• Obama’s Hawaiian Vacation Resort Available for Rent
President Barack Obama’s Hawaiian vacation home, located in Kailua, is soon to be available for rent – that is, if you can afford the $3,500/per night fee. This private Oceanside resort (where Obama is staying until January 2nd) includes five bedrooms, 5.5 bathrooms and 4,951-square-feet of living space. Available for rent starting on March 20th, 2011, the scenic property also includes a three-car garage, a media room, a pool, and stained glasses and African mahogany fixtures throughout the home. Those interested in this rental should also know that there is a one-week minimum whose listing states that it could fit up to 10 people.
Don’t forget to like us on Facebook and follow us on Twitter!
• Follow us on Twitter @Relocation_News
• Become a fan of Relocation.com on Facebook
Nicole Kidman's Living Room - Listed for Rent at $45,000/month. (Image Credit: Luxist)
By Serena Norr
Although T-Day has been on our brain, the real estate industry isn’t far behind – especially within the exciting world of celebrity real estate. This week, Nicole Kidman listed her NYC penthouse for rent at a whopping $45,000/month. For those that fork over the bucks, you can look forward to leasing a glass-filled living room and a space with three bedrooms, 3.5 bathrooms and 3,785-square-feet of living space. Fashion director, Nina Garcia, is also on the Beat this week for placing her NYC condo on the market for $8.5 million dollars. This pre-war two-unit duplex includes 3.5 bathrooms, 12-foot-tall windows and a washer and dryer. Chelsea Handler and Jonah Hill also made an appearance on the Beat for buying homes in California with price tags of $6 million and $ 2 million, respectively. Whether you live a McMansion or an apartment, your home is only as important as those you enjoy it with you. Happy Thanksgiving!
Nicole Kidman's Living Room - Listed for Rent at $45,000/month. (Image Credit: Luxist)
• Nicole Kidman Renting Her NYC Pad
Actress Nicole Kidman recently placed her Perry Street apartment up for rent. Asking price? $45,000 per month, which even for NYC is a bit ridiculous! Kidman and her husband, Keith Urban, won’t have to worry about their real estate issues that long – they recently purchased a new luxury penthouse at 200 11th Avenue that comes complete with a sky garage – a car elevator that is accessible by a lift to one’s apartment complex. For anyone that can afford the rental on the Perry Street, they can look forward to having 3,785-square-feet, three bedrooms and 3.5 bathrooms – not to mention a glass-filled living room (designed by Richard Meier) that stretches the full width of the apartment, including views of the West Side Highway and the Hudson River. Kidman and Urban also own homes in Sydney, Nashville and in Beverly Hills.
Nina Garcia's NYC Condo for Sale - Listed at $8.5 Million. (Image Credit: The RealEstalker)
• Fashion Director Nina Garcia Lists NYC Condo for $8.5 Million
Nina Garcia, fashion director and “Project Runway” judge recently listed her four-bedroom NYC two-unit condo for sale at $8.5 million. Located on East 66th street, the condo was originally purchased for $3,700,000 for one-unit and then $1,221,900 for an adjacent unit to create a two-unit condo. Located in a pre-war building, interested buyers will have to put down 50 percent of the asking price and expect to pay $4,080 in monthly maintenance charges. The condo also includes 3.5 bathrooms, 12-foot-tall windows, 11.5-foot tall ceilings, a large living room, a doorman, chandeliers, a washer/dryer and a kitchen with modern appliances such as the brands Subzero and Gaggenau appliances.
• Martha Stewart Drops Price on Home from $15.9 Million to $13.9 Million
According to Housing Watch.com, Martha Stewart recently lowered the price of her Perry Street penthouse from $15.9 million to $13.9 million. Another Richard Meier-designed apartment, Martha Stewart’s lower Manhattan pad includes 5,000-square-feet of living space, an on-site fitness center and 11-foot-high windows.
Chelsea Handler's New Home - Purchased for $6 Million. (Image Credit: The RealEstalker)
• Chelsea Handler Buys $6 Million Dollar Home
Chelsea Handler, host of “Chelsea Lately” and author recently purchased a 5,600-square-foot home in Bel Air, California for almost $6 million (she paid $5,942,500). Her electronically-controlled gated home includes 5,572-square-feet of living space, an outdoor kitchen with Viking appliances, a gym, six bedrooms and seven bathrooms. There is also two family rooms, a den and a backyard with a 50-foot pool, a raised spa and an outdoor fireplace.
Jonah Hill's New Hollywood Compound - Purchased for $2 Million. (Image Credit: The RealEstalker)
• Jonah Hills Buys Los Angeles Compound for Under $2 million
Jonah Hill of “Superbad” and “Get Him to the Greek” recently purchased a new home in Los Angeles for $1,865,000. The new estate, built in 1959, includes 3,660-square-feet of living space, four bedrooms, 4.5 bathrooms, a storage room, a children’s playhouse and a detached guest house with a private bathroom. Other amenities include a fireplace, a sky lit kitchen with modern appliances and a modern suite that overlooks the swimming pool.
The gorgeous beaches of Hawaii. (Photo Credit: Ryan Kawailani Ozawa)
Guest Bloggers: Aloha Living
Try as you might, but you can’t drive from Waikiki to check out the volcanic eruption at Kilauea. Hollywood is partially to blame for the widespread impression that all the many wonders of Hawaii can be found on a single island. In fact, there are actually eight major islands (and countless smaller islands and atolls) that make up the Hawaiian Islands.
Each island is very different. Whether you’re trying to decide where to visit on your next island vacation, or looking to buy your first Hawaii property or picking a place to buy a home in Hawaii, here’s a quick guide to islands of Hawaii.
The most populated Hawaiian Island is probably the one most people are familiar with, home to the bustling tourist mecca of Waikiki, the historic World War II sites of Pearl Harbor, the world famous surf on the North Shore, and much more. There are over 870,000 people living on Oahu, most living and working in the capital city of Honolulu along the south shore of the island.
For the first-time visitor or home buyer, Oahu is usually your safest bet. On the tourist side, the island offers everything from unspoiled natural beauty to a modest nightlife, from high-end stores to a huge variety of one-of-a-kind boutique shops. You can also strike out on your own, or take advantage of countless organized activities and managed attractions.
When it comes to real estate, Oahu has $80,000 condos, $80 million estates, and truly everything in between. Whether you want to live in a high rise, on the beach, on a mountain ridge or deep in a valley, there’s plenty to choose from. Honolulu real estate offers the widest selection and largest inventory of any island. (As a result, it also has the most Hawaii foreclosures.)
Oahu has the most developed infrastructure, with solid public transportation, fairly ubiquitous Internet connectivity, low unemployment and a wide range of industries (though tourism and the military still dominate). Everything in Hawaii is expensive, but often less expensive in Honolulu, as most things shipped to the state comes through its airport and ports.
You get all the comforts of any American city, but of course, that means Honolulu is also the most crowded, has the worst traffic, and – by sheer math – has the most crime. But don’t panic. In 2010, Forbes magazine still named Honolulu the country’s third safest city.
The Big Island
The largest and youngest Hawaiian Island is the island of Hawaii. Of course, that’s also the name of the state, so most people refer to it as The Big Island. It’s the second most populous island, but that population is spread out over a much larger area. How big is it? All of the other Hawaiian Islands could fit on top of it, with a little room to spare. That’s a lot of Hawaii real estate!
Thanks to all that space, the Big Island offers the widest variety of climates and topographies. There are vast barren deserts, lush tropical rainforests, white sand beaches and snow-capped mountains. (Yes, snow in Hawaii.) Many locals roughly divide the Big Island into East Hawaii and West Hawaii, though of course there’s endless variety in between.
East Hawaii is the green, rainy, slower-paced side of the island. Hilo is the main city, situated on Hilo Bay, and it’s the second largest city in Hawaii. Even so, it feels like a small town. This side of the island is home to Hawaii Volcanoes National Park, perhaps the main attraction on the island. As far as real estate, it offers everything from affordable but empty and remote lots to multi-million dollar ocean-view estates.
West Hawaii is the sunny, dry, resort side of the island. It’s got the blue skies you expect from Hawaii postcards, and is home to several high-end resorts and resort communities. Kailua-Kona is a bustling commercial and tourist town, and further up the coast, huge developments offer a wide range of condos – popular as vacation or investment properties.
Once considered a runner-up to Oahu, Maui and its many amenities has – in many ways – surpassed the capital city in both appeal and value to both tourists and real estate investors alike. It’s the second largest of the Hawaiian Islands, and has the third largest population.
In terms of visitor attractions, Maui may very well be growing the next Waikiki. There are several resort areas, from Kihei, Wailea and Makena to the south, to Lahaina, Kaanapali and Kapalua to the west. All offer the great escape at moderate to high prices, with gorgeous beaches, and great scenery. The whole island has a lot to offer ocean lovers, shoppers, and sightseers. The infamous road to Hana and the summit of Haleakala are unique ways to get away from it all.
For those that want to call Maui home, the island’s real estate market is strong, with median prices below but easily comparable to those on Oahu. Maui sees as much activity in condos as it does in single family homes, with continuing high-end resort development bumping up property values in many neighborhoods. There is an abundance of vacation rental properties on Maui, even though they are heavily regulated.
Maui also has among the highest numbers of Realtors per capita of any island, let alone any region in the country. With as many as three percent of Maui residents carrying real estate licenses, you’ll either have a lot of options, or a lot of competition.
Kauai is the oldest and among the smallest of the main Hawaiian Islands. Essentially a round dot on a map, the island is about 70 miles around, with one main highway wrapping most of the way around (though the Na Pali coast on the northwestern rim of the island is undeveloped).
Home to one of the wettest spots on earth, its lush green landscape is cut with deep valleys and tall waterfalls. Kauai also has some of the longest and widest stretches of white sand beaches in the state. Some of the most dramatic mountain vistas can be found on Kauai, towering over the many small and diverse towns scattered along its rim.
A popular destination for people looking to get away from the typical tourist traps, Kauai is more rural but nonetheless has an economy that relies largely on tourism. Indeed, Kauai has the most pronounced love-hate relationship with development. On one hand, many people are flocking to nab their piece of paradise, mostly in gleaming resort condos along the north ends of the island. On the other, strict regulations and occasional protests often stop construction and commerce in its tracks.
Island real estate on Kauai is always in flux, because there’s so little of it. The most active properties are condos, ranging from modest apartments to luxury oceanfront resorts. Nonetheless there is a healthy range of single-family homes, as well as more than a few multimillion dollar estates.
There isn’t a single stoplight on Molokai, and what few businesses there are often close up shop before sunset. With a population of about 7,000 people, it’s just about the most rural main island you can easily visit, and it is often described as the most Hawaiian island as well.
Much of the island is inaccessible, or accessible only by boat, small plane, or donkey. But the island’s largely untouched natural beauty is second to none. As on Kauai, the few permanent residents on Molokai have long resisted large-scale developments, turning away planned resorts and offering instead small hotels, and condo and vacation home rentals.
There isn’t much to do on Molokai, but that’s the point. You can admire the striking sea cliffs and tall waterfalls, or make a pilgrimage to the historic town of Kalaupapa (where Saint Damien tended to the sick). You can go hiking, biking, swimming or sunbathing. But generally the less you do, the happier you’ll probably be.
In terms of real estate, the market is very small, and fairly slow moving. There are usually fewer than 200 active listings at any given time, most clustered at the remote and dry west end of Molokai or along the central south shore. Considering the deliberately slow pace of growth, you probably wouldn’t buy a Molokai property as an investment. And you really shouldn’t consider living there without spending a lot of quality time experiencing the place.
Like Molokai, Lanai also boasts of its lack of traffic lights. Its population hovers below 3,000. But Lanai is also the home to two incredibly luxurious world-class resorts.
The island has been privately owned for much of modern history, much of it serving as the world’s largest pineapple plantation for much of the 20th century under James Dole (of the Dole Food Company), and now as a world-class getaway under billionaire David Murdock.
Apart from condos within the resort complexes, most of the properties available for sale on Lanai are single family homes, many in Lanai City. Prices range from a quarter of a million dollars for a modest cottage to nearly three million dollars for a custom oceanview home. There are also luxury homes clustered around the resorts in Koele and Manele.
The smallest of the inhabited Hawaiian Islands, Niihau has been wholly owned by the Robinson Family since 1864. Most of its 130 or so residents speak Hawaiian as their first and only language, and very few people outside the family ever get to visit.
The smallest of the eight main Hawaiian Islands, Kahoolawe is uninhabited. For more than 50 years, the U.S. military used the island for target practice, hitting it with bombs, missiles, and massive test explosions. In 1994, the U.S. military formally handed control of Kahoolawe back to the state of Hawaii, and modest efforts are now underway to recover and restore what remains of its historic, cultural and natural resources.
Val Kilmer's Ranch - Listed for sale at $23 million (Photo Credit: Santa Fe Realty Partners)
By Serena Norr
Grandiose properties – in both price and size – are on this week’s Beat. Although this is no different from any week on the Beat, we were particularity intrigued by Val Kilmer’s massive Rowe, New Mexico ranch that encompasses 5,328-acres and 11, 573-square-feet of living space. The new property owners (whomever they may be) will also enjoy seven bedrooms and eight bedrooms as well as 10 springs and 10 miles of hiking and biking trails. This is, of course, for the reduce price of $23 million – guess a luxury ranch isn’t in our future. The Donald is also selling one of his many properties. This one, located in Rancho Palos, California, includes a 18-hole golf course, ocean views, five bedrooms and 11,000-square-feet of living space. We also heard that Bill and Giulania Rancic purchased a luxurious Chicago mansion this week as did Toni Collette who purchased a Spanish-style home in California for $1,300,000. Until next week…
Donald Trump's Rancho Palos Estate - Listed for $12 Million (Photo Credit: Housing Watch)
• Donald Trumps Puts California Estate on the Market
Real estate maven, Donald Trump, recently placed one of his zillion-plus properties on the market. A bit of an overstatement, but as we all know the name Trump equals real estate. This latest property on the market, located in Rancho Palos, California (a community outside of Los Angeles) is situated on 300 acres of land and includes 11,000-square-feet of living space. Listed for sale at $12 million, the Mediterranean-style property was purchased for $27 million and includes five bedrooms, several fireplaces, a 18-hole golf course an outdoor area with an infinity pool and gorgeous views of the ocean due to its location on the bluffs of the Pacific Ocean. The house also includes a glass wine room, a game room and a master bath with a spa and a double shower.
Bill and Giulania Rancic's New Mansion - Purchased for$1,560,000. (Photo Credit: Laura Rubin Dresner)
• Bill and Giulania Rancic Purchase Mansion for $1,560,000
Bill Rancic, winner of the first season of “The Apprentice” and his wife, Giuliana Rancic, recently purchased a mansion in Hinsdale – a suburb outside Chicago – for $1,560,000. As a seasoned real estate flipper, Bill Rancic is no stranger to real estate purchases with homes in both Chicago and Los Angeles. This latest home, calculating at 12,000-square-feet, includes seven bedrooms, 9.5 bathrooms, a 1.5 car garage and a state-of-the art security system.
Pics of Toni Collette's New Home - Purchased for $1,330,000. (Photo Credit: The RealEstalker)
• Toni Collette Buys a Hollywood Home for $1,330,000
Actress Toni Collette, “United States of Tara” and her partner recently purchased a new home in Los Angeles for $1,330,000. Encompassing 2,236-square-feet, the home also includes three bedrooms, 3.5 bathrooms (including one bathroom in the pool house) and a wide front porch. The Spanish-style home is also gated and fenced and features walnut-flooring, a fireplace, an arched doorway, and a modern kitchen with stainless steel appliances. Collette and her partner also own properties in Australia and Ireland.
• Actress Amanda Seyfried Buys at Devonshire House
Mean Girl Amanda Seyfried recently purchased a luxury condo in NYC for $1.875 million. Located in Central Village’s Devonshire House, a pre-war condominium designed by architect Emery Roth, Seyfried’s unit includes two-bedrooms, two-bathrooms and 1,585-square-feet of living space. The building itself also includes interesting amenities such as a 24-hour doorman, a courtyard garden, a rooftop terrace, an on-site gym and storage, a children’s play room and a cold storage unit for groceries.
Val Kilmer's Ranch - Listed for $23 million (Photo Credit: Santa Fe Realty Partners)
• Val Kilmer Re-lists Rowe, New Mexico Ranch
Much as been publicized about Val Kilmer and his attempts to sell his 5,328-acre ranch located in Rowe, New Mexico. Originally listed for $33 million, the price was recently reduced to $22 million (a substantial price jump) that Kilmer, at one point, wanted to turn into a lodge. According to the listing, the property, located in the the wilderness, is situated near 10 natural springs with six miles of the Pecos River and 10 miles of hiking and biking trails. The house itself includes seven bedrooms, eight bathrooms and 11,573-square-feet of living space.
Shot of Winona Ryder's Home and Pool - Listed at $4.095 million. (Image Credit: The Luxist)
By Serena Norr
After a brief break to bring you the spooky Haunted Beat, we are back with the latest hot properties from La La Land. Troubled starlet Winona Ryder recently placed her vintage-inspired Los Angeles home on the market for $4.095 million. The Spanish-style home, purchased in 1998, includes a rustic kitchen, a personal gym, four bedrooms and four bathrooms. Andy Roddick, Kelly Clarkson and Flea (of the Red Hot Chili Peppers) also placed their homes on the market with the only buyer this week being Julia Roberts who purchased a $3.89 million-dollar penthouse in the West Village. Let us know if you have a real estate tip or some insight about any of these properties in the comments section.
Julia Roberts' New West Village Co-op - Sold for $3.89 Million. (Image Credit: the NY Post)
• Julia Roberts Buys Penthouse for $3.89 Million
Julia Roberts recently purchased a co-op penthouse in Greenwich Village for $3.895 million. According to the NY Post, the building was built in 1958 and includes a rooftop terrace. Roberts is no stranger to real estate deals and owns properties in California, New Mexico as well as another NYC home in Gramercy Park.
Winona Ryder's Kitchen - Listed for$4.095. (Image Credit: The Luxist)
• Winona Ryder Selling Her Los Angeles Home
Winona Ryder recently placed her Los Angeles home on the market for $4.095 million. Purchased in 1998 for $2.6 million, the Spanish-style property comes with four bedrooms and four bathrooms – one of which includes vintage-inspired pink and blue tile work. Additional features in the home include a rustic-looking kitchen with an eat-in breakfast area, an indoor gym, a formal living room and French doors leading to an outdoor area with a kidney-shaped pool, a built-in wet bar and 3,765-square-feet of living space. Ryder also owns a 3,436-square-foot single family home in the Cow Hollow neighborhood in San Francisco.
Andy Roddick's Texas home - Listed at$3.6 Million. (Photo Credit: The RealEstalker)
• Andy Roddick Lists Lake Austin Home
Andrew “Stephen” Andy Roddick and his wife Brooklyn Decker have recently placed their 5,558-square-foot home in Austin for $3.6 million. Located on a Cul de Sac, the private and gated home (that overlooks Lake Austin) features .71 acres of land, four bedrooms, three bathrooms, high ceilings and huge closets. The home also includes a personal gym, a game room, a media room and a state-of-the-art kitchen with granite countertops, a breakfast bar and stainless steel appliances. Purchased in 2003 for $2,149,500, there is no word on where the couple wants to relocate.
Kelly Clarkson's Home for Sale - Listed at $1,449,000. (Photo Credit: The RealEstalker)
• Kelly Clarkson Lists Nashville Home
“American Idol” Kelly Clarkson recently listed her five-bedroom, six-bathroom Nashville, Tennessee home for $1,449,000. Purchased in 1007, the 4,900-square-foot residence also includes a media room, a formal living and dining room, hardwood flooring, den, recreation room and a fireplace. The kitchen has also been upgraded and now includes stainless steel appliances and honey-colored cabinets. Clarkson also owns a gated home in Fort Worth, Texas.
Flea's Ocean Front Home - Listed at $13,676,000. (Photo Credit: The Real Estalker)
• Flea Selling His Home in Malibu
Michael Balzary aka Flea of the popular band Red Hot Chili Peppers recently listed his Malibu estate for $13,676,000. Encompassing 2,731-square-feet, the ocean front home includes four bedrooms and four bathrooms located on two acres on Encinal Bluffs – which overlooks the beach at every angle. The home also includes unique architectural details such as soaring ceilings, an open floor plan and walls of glass. There are also two separate guest homes, two garages, a private spa terrace and private beach access.
Justin Timerlake's NYC Loft - Listed for sale at $5.25 million. (Photo Credit: Modlin Group)
By Serena Norr
Mr. Sexy Back aka Justin Timberlake seems to have no real estate or financial issues in sight. Before the sale of his current NYC loft-style condo was completed (listed at $5.25) Timberlake purchased a new NYC penthouse for $7.65 (at the Soho Mews). Citing lack of privacy as the reason for the move, the new penthouse includes three-bedrooms, an ultra-luxe 4,000-square-foot shared courtyard and private parking. We’re not sure how much privacy Timerlake will get – especially since the address has been published — but the new building does have a 24-hour security team as opposed to his current pad that only had a part-time security team. The Beat also reported that Patricia Cornwell (the crime novelist) recently purchased a luxurious two-floor penthouse at the Fairmont Battery Wharf for $6.5 million. A quasi-hotel – the condo features 24-hour cleaning services and an on-site gym and restaurant. Stay tuned for next week’s Beat — we have a special haunted house edition in the works…
Pics from Lenny Kravitz's New Orleans home - Listed at $775,000 (Photo Credit: The Real Estalker)
• Lenny Kravitz’s New Orleans Cottage for Sale
Lenny Kravitz recently placed his New Orleans cottage on the market. Purchased in 1994, the 220-year-old French Quarter cottage with its weathered exterior was originally purchased for $360,000 that is now listed at $775,000. Many of the design elements are created by Kravitz including an enhanced and dramatic main living space with gleaming hardwood floors and silvered wallpaper. The modestly-sized and narrow 1,725-square-foot home also includes sleeping loft for guests, sleek marble counters, central air, a small courtyard that is described as “metro chic,” two bathrooms and one bedroom. Kravitz likely did not live solely in this property since he owns properties in the Bahamas, Paris and Brazil.
• Michael Douglas and Catherine Zeta-Jones Purchase a Colonial Mansion
Michael Douglas and Catherine Zeta-Jones recently purchased a Colonial mansion in Bedford, New York. Sold to the couple for $5.25 million, the Westchester mansion includes five-bedrooms, 5½-bathrooms, a pond, pool, guesthouse and three-car garage that is situated on 5.7 acres. The couple reportedly rented out the 6,300-square-foot home before they decided to purchase it.
Justin Timberlake's kitchen - Loft listed for sale at $5.25 million. (Photo Credit: Modlin Group)
• Justin Timberlake Lists NYC Apartment and Buys Another
Justin Timberlake recently purchased a new penthouse from the new building Soho Mews - a pair of buildings designed by architects Gwathmey Siegel & Associates – before he completed the sale on his Tribeca loft. Located in the heart of Soho, the 2,598-square-foot penthouse, purchased for $7.65 million, includes three-bedrooms, parking and a 4,000-square-foot private garden. The reason for the quick sale? Timberlake reportedly wanted more privacy from the paparazzi that frequently set up camp outside of his home. The Tribeca 3,000-square-foot loft still on the market is located in the Pearline Soap Factory and is listed at $5.25 million. The listing through the Modlin Group states the loft has 11-foot ceilings, plenty of light and an open kitchen with “restaurant quality appliances by Wolf, Sub-Zero, and Miele.” The Pearline Soap Factory is also noted for having one apartment per floor and key-locked elevators.
Patricia Cornwell's new home - Purchased for $6.5 million. (Photo Credit: The Real Estalker)
• Author Patricia Cornwell Buys Boston Penthouse for $6.5 Million
Crime novelist Patricia Cornwell recently purchased a 4,553-square-foot penthouse in the North End area of Boston. The modern four bedroom, 4.5 bathroom condo, located at the Fairmont Battery Wharf development includes on-site security, 24-hour housekeeping services, valet parking, an on-site gym and a restaurant located on the lower level of the complex. The duplex-style penthouse itself has a circular staircase, fireplace, hardwood flooring, large windows, stainless steel appliances and granite countertops. The property was sold to Cornwell and her partner for $6,500,000. It was also reported that Cornwell purchased another two-bedroom property for $1,650,000 in another area in Boston.
Jesse James' Kitchen - Condo recently reduced to $999,999
• Jesse James Reduces Price of Condo
In June, we reported on this Sunset Beach home that Jesse James placed on the market following his quickie divorce from Sandra Bullock. And now it seems that property is still on the market but for a reduced price. This three-bedroom, 3.5-bath condo was originally listed for $1,290,000 – that is now listed for a little under a million for $999,999. The Mediterranean home itself, encompassing 2,634-square feet and two floors, is actually quite gorgeous. There an elevator, a rooftop deck, a quaint kitchen with modern appliances, a media/game room, an office, a guest room, a fireplace, a modern kitchen, an island bar and a three-car garage with a built-in space for tools and storage – not to mention being located right next to the beach!
If you have any questions, comments or inquires, please contact me at firstname.lastname@example.org.
By Serena Norr
We never know what to expect when we research the celebrity housing market for the Beat. This week we were excited to learn that Steve Jobs was finally given the go-head to start the demolition of the historic property he owns called the Jackling House. The demolition, which took six years to approve, will involve the construction of a smaller and more contemporary space — simplifying the home and tearing down its 30 rooms that will reportedly cost Jobs $8.45 million to complete. This week, we also discovered that Larry the Cable Guy’s home was placed on the market. Listed for $1.55 million and developed by the “Git-r-done” comedian, the Florida log-style home includes a “man cave” with a pool table, TV, mini-bar and bar signs as well as a pool and a spa. Acting couple, Naomi Watts and Liev Schreiber are also on the Beat this week. They placed their 4,410-square-foot Los Angeles home on the market that includes an on-site gym, a two-story guest house and six-bedrooms. We look forward to what next week brings…and the (unexpected) real estate news that follows.
Floor plan of Steve Jobs' new home -Expected construction costs: $8.45 million. (Photo Credit: Gizmodo)
• Steve Jobs’ Construction Plans Revealed
Steve Jobs, the multi-billionaire and CEO of Apple finally received the go-ahead to renovate the historic Jackling House. The 17,000-square foot, 30-room Spanish Colonial home, built for copper baron Daniel Jackling, is owned by Jobs but he has been unable to complete or even start his plans for a full-on demolition and remodel. Architectural preservationists stated that the home was an historic piece of real estate and shouldn’t be demolished. Finally in July of 2010, the preservationists’ dropped their case but some elements of the house such as an organ, flag pole and decorative tiles are being removed and preserved. The newer and more contemporary home plans was reveled on Gizmodo – showing the elaborate floor plan created by Bohlin Cywinski Jackson – the design firm responsible for several Apple stores. The new floor plan indicates a smaller home – measuring at 4,190-square-feet – that will include five bedrooms and 3.5 bathrooms. The new design also indicates that there are plans to build a three-car garage, a pool with a pool house and a third building for an office. Additionally, among the six acres of land there are plans to add various plants and flowers, stone walkways and a private vegetable garden – a diminutively simpler home than the former grandiose estate. It is estimated that the home will be completed in 22 months.
Naomi Watts and Liev Schreiber's home - listed for $5,995,000. (Photo Credit: The Real Estalker)
• Naomi Watts and Liev Schreiber List Brentwood Home
Actor couple Naomi Watts and Liev Schreiber recently placed their Los Angeles home on the market for $5,995,000. The 4,410-square-foot, two-story home includes six bedrooms and 4.5 bathrooms; a two-story guest room; an on-site gym; a two-car garage and a gated and secured entry way. The European-inspired home also includes several fireplaces, an eat-in kitchen, formal dining room, a swimming pool and circular spa. The couple also owns a 2,900-square- foot condo in New York.
You, too, can have your own personal "man cave" if you buy Larry the Cable Guy's home - listed at $1.55 million. (Photo Credit: Housing Watch)
• Larry the Cable Guy Places Florida Home on the Market
Comedian Dan Whitney aka Larry the Cable Guy known for the catchphrase “Git-r-done” recently placed his Sanford, Florida home on the market for $1.55 million. The five-bedroom home, situated on 18.79 acres, includes a lot of interesting details that Whitney himself renovated. There is a “man cave” that includes a poker and pool table, mini-bar, TV and bar signs as well as an outdoor movie theater, a pool with a waterfall, an outdoor spa, detached gym and two children’s rooms with personal murals. Whitney sited outgrowing the home as the reason for the sale.
Scott Baio's home - sold for$2.5 million. (Photo Credit: Zillow.com)
• Scott Baio Sells Encino, California Home
Actor Scott Baio recently sold his “Spectacular Celebrity Owned Estate!” to an undisclosed buyer for $2.5 million. Built in 1964, the new buyer can look forward to enjoying 4,400-square-feet of living space, three fireplaces, four bedrooms and 4.5 bathrooms. The Encino, California home also includes a swimming pool with a hot tub, a tennis court, a koi pond, a formal living and dining room and a sprawling back yard with luscious greenery and gardens.
By Serena Norr
Pricey real estate listings seem to be theme in this edition of “the Celebrity Beat.” Starting with Candy Spelling’s mega-mansion — a 14-bedroom, 27-bathroom home that has been on the market since 2009 and recently placed on the multiple listing services (MLS). Asking price? A cool $150 million, which her lawyer recently stated “is not a lot for the home.” Another expensive property we noticed this week was the sale of the Olsen twins’ NYC penthouse. On the market since 2005, the home was listed for $11 million in 2007 that was finally sold to a property developer for $8.4 million. Meg Ryan is also in city, but as a renter. She is reportedly leasing an apartment in Soho for $25,000 a month while her home in California is on the market. Well, all of these millions are making us realize that we have a lot to save in our piggy banks before we can purchase a home – much less a million-dollar one. Until next week…
Katy Perry and Russell Brand's New Penthouse - Sold for $2.9 million. (Photo Credit: The RealEstalker)
• Katy Perry and Russell Brand Purchase Home in NYC for $2.9 Million
Pop singer Katy Perry and her fiancé comedian Russell Brand (of “Take Him to the Greek”) recently purchased a 1,500-square-foot duplex in TriBeCa. This luxurious and renovated two-bedroom, two-bathroom penthouse cost the pair $2.9 million that RealEstalker describes as an “oddly shaped.” The modern penthouse includes the standard real estate amenities like built-in bookcases, stainless steel appliances, large windows, exposed beams and high ceilings. The penthouse also includes a gorgeous cherry wood staircase that leads up to the master suite — that is lacking a closest. The lack of storage space probably doesn’t bother the couple that will spend most of their time in their recently purchased 4,706-square-foot house in Los Angeles.
Angie Harmon and Jason Sehron's Home - Listed for $3.9 million. (Photo Credit: Zillow.com)
• Angie Harmon and Jason Sehron List Home for $3.9 Million
Actress Angie Harmon and her husband Jason Sehorn have recently placed their Hidden Hills, California home on the market for $3.9 million. The real estate listing describes this Cape-Cod style home as a “pastoral setting with no nearby sidewalks and street lights” that is also located near equestrian trails. Purchased in 2005, the 6,872-square-foot home sits on 1.5 acres of land that includes a pool, an office, hardwood flooring, five bedrooms and 4.5 bathrooms. To match its natural setting, the home includes a barn, a sprawling lawn and a tree-lined driveway.
1 Morton Square - Former home of Mary Kate and Ashley Olsen - Sold for $8.45 million. (Photo Credit: Curbed NY)
• Olsen Twins Sell West Village Penthouse for $8.45 Million
Michelle Tanner better known as Mary Kate and Ashley Olsen recently sold their five-bedroom NYC penthouse for $8.45 million (that “Full House” franchise sure did them well.) The 5,700-square-foot penthouse – located at 1 Morton Square – has been on the market since 2005 that was listed in 2007 for $11,995,000 that has finally found a buyer with property developer Bruce Eichner for a lowered, but still expensive price tag.
• Meg Ryan Renting NYC Apartment for $25,000 a Month
According to Housing Watch, America’s former sweetheart, Meg Ryan, is now renting an apartment in Soho. This rental agreement will have Ryan paying $25,000 a month for a three-bedroom, 3.5 bathroom unit. This place, though, isn’t a typical rental – it includes 2,500-square-feet of living space, a private bar and lounge, an on-site pool, sauna that is housed in a glass building.
Candy Spelling's Mega-Mansion - Listed for $150 million. (Photo Credit: The RealEstalker)
• Candy Spelling Places Home on the Market for $150 Million
Candy Spelling, wife of the late Aaron Spelling, recently placed her California mega-mansion on the MLS for $150 million. Dubbed “the Manor,” the four-floor home, located in the posh Holmby Hills, includes 14 bedrooms, 27 bathrooms (!) and 56,500-square-feet of living space. On the market since 2009, Spelling recently placed it on MLS in hopes of a sale but did not lower the price — with a response from her lawyer stating that “this is not a lot for the home” [Wall Street Journal]. Of course for a $150 million-dollar home there has to be extras and this estate has plenty. Amenities like a billiard room, arcade room, doll museum, a bowling alley, an art studio, a tennis court, a personal gym and a 16-car garage are just some of the extras found in this mega mansion. Spelling also reportedly purchased a-yet-to-be-completed penthouse in Century City where she is looking to downsize, which to Spelling is a $47 million dollar condo with 16,500-square-feet of living space. Spelling will customize the condo with her own architects and designers that is expected to be completed in two years.
By Serena Norr
What would you do if you had $312 million dollars? Most people would invest or travel or save or buy a nice piece of real estate. But if you are Greek billionaire Constantine Alexander-Goulandris you wouldn’t use the money for all of those luxurious items, but rather, use it to purchase a penthouse in Monte Carlo. Dubbed as “the world’s most expensive penthouse,” Alexander-Goulandris’ new pad includes six bedrooms (three of which include a theater, kitchen, dressing room and two bathrooms) and a sprawling backyard that we are guessing would be ideal for late-night and opulent parties. Back in NYC, we learned that Kelsey Grammer and his new girlfriend took a peak at 200 Eleventh Avenue (the very building that Nicole Kidman and Keith Urban recently purchased). The $5.95 million-dollar property includes massive windows to view the Hudson and beyond, three bedrooms and the much talked about Sky Garage. We’ll keep you posted on that exciting sale. In NYC, Yankees star Derek Jeter is also on the Beat for listing his 70th floor condo for $20 million. Jeter’s pad is currently empty, but we are thinking that he little to worry about, especially since he has homes in Florida, New Jersey and Upstate NY.
View Grammer can take in daily if he purchases this Chelsea apartment - Listed at $5.95 million. (Photo Credit: Pudential Douglas Elliman Real Estate)
• Kelsey Grammer Eying Hudson River Property
Kelsey Grammer of “Cheers” and “Fraiser” fame has recently been making an appearance in the gossip columns for splitting with his wife, having a new (pregnant) girlfriend, and what we care about the most: his search for a new property with said girlfriend. Although, Grammer rents in the West Side of Manhattan it looks like he may be looking to settle down at 200 Eleventh Avenue (the very building where Nicole Kidman and Keith Urban reside). Overlooking the Hudson River, $5.95 million-dollar property includes three bedrooms with a master suite and 3.5 bathrooms as well as 2,364-square-feet of living space (more than enough for Grammer and his growing brood). The fifth-floor duplex also includes a private elevator that leads to the living room and a modern kitchen with stainless steel appliances. Also included with this hot property is the one-of-a-kind sky garage, an automatic car elevator that will go directly to Grammer’s swanky pad.
Judge Judy's home - sold for$2.25 million. (Photo Credit: CurbedNY)
• Judge Judy Sells Penthouse for $2.25 Million
Judy Sheindlin better known as the fearless Judge Judy recently sold her Sutton Place apartment. Originally listed a year ago at $3.15 million, the price was lowered to $3.15 million and finally sold for $2.25 million. The undisclosed buyer will enjoy quite the penthouse – which includes two floors, an outdoor terrace, a fireplace and three bedrooms with walk-in closets. The Judge and her husband won’t be without a home – it was reported that they already purchased a new two-bedroom co-op for $6.75 million dollars [City File].
Jerry Garcia's family room - home listed for$3.9 million. (Photo Credit: Zillow.com)
• Home of the Late Jerry Garcia for Sale
According to Zillow.com, the Marin County home of the late Jerry Garcia is on the market for $3,995,000. A very different home that what we would expect from Garcia, the five-bedroom, six bathroom home has a Mediterranean-feel, open floor plan and numerous windows. The 7,189-square-foot home also includes an outdoor swimming pool, a personal gym, a master suite with a sauna and a private deck. The new buyer will also enjoy views of the Berkeley Skyline and Mount Tamalpais and being near San Francisco.
Backyard of the most expensive penthouse - sold for $312 million. (Image Credit: Housing Watch)
• The Most Expensive Penthouse Sold for $312 Million
According to Housing Watch, the most expensive apartment was recently sold for $312 million in the equally opulent Monte Carlo. Greek billionaire Constantine Alexander-Goulandris purchased the property – dubbed La Belle Epoque – that includes six-bedrooms (three of which include a theater, kitchen, dressing room and two bathrooms), a library, spa and sprawling gardens. The home also features immaculate décor that underwent a $40 million-dollar remodeling project since the home damaged was damaged in a fire – where the previous owner, Edmond Safra, died.
Derek Jeter's condo on the 70th floor - listed for $20 million (Photo Credit: The Real Estalker)
• Derek Jeter Lists Manhattan Penthouse for $20 Million
Just as DJ’s teammate, Alex Rodriquez, is looking for a new pad Derek Jeter is selling his luxurious home-in-the sky. Located on the 70th floor, the penthouse purchased in 2001 for $12,600,000 was recently listed on the market for $20 million. Now the elevation is a bit steep for us, but if you’re willing to live that high up (not to mention pay 20 million) you can look forward to 5,425-square-feet of living space, four bedrooms and 5.5 bathrooms; not to mention a bare apartment to decorate. The condo also includes 16-foot ceilings, an eat-in kitchen, a library, laundry facilities and an 84-square-foot storage facility which will also be sold to the new owner. Jeter is no stranger to real estate; he is building a mega mansion in Tampa, Florida, he owns a mansion in Marlboro, New Jersey and an historic mansion in Greenwood Lake in New York.
Ricky Martin's luxurious living room - listed at $18.9 million. (Photo Credit: Zillow.com)
By Serena Norr
Part gossip report part real estate news, this week on the Beat we are reporting on Tiger Woods and his search for real estate in NYC as well as Alex Rodriguez and Cameron Diaz who are looking for a pad in the same city that never sleeps. In California, T.R. Knight (of “Grey’s Anatomy”) is also looking to relocate to NYC, but first he has to sell his 4,160-square-foot Los Angeles home. Amy Adams, though, is staying in LA and recently purchased a 3.5 bedroom home in Beverly Hills that is the perfect size for her and her new baby.
The Aldyn - the luxury condo that Diaz and Rodriquez are reportedly checking out. (Photo Credit: NYPost)
• A-Rod and Diaz Looking for a Pad in NYC
Alex Rodriguez and his main squeeze of the moment, Cameron Diaz, are currently looking for a luxurious apartment in NYC. According to the NY Post, Rodriguez and Diaz were reportedly spotted checking out a 5,600-square-foot duplex called the Aldyn. Situated along the West Side Highway, the six-bedroom condo includes a huge terrace overlooking the Hudson River, a private swimming pool, a hot tub, a squash court, bowling alley and climbing wall and a Kidsville, an indoor playground for children.
Ricky Martin's pool - this Golden Beach estate is listed at $18.9 million. (Photo Credit: Zillow.com)
• Ricky Martin’s Home on the Market
Ricky Martin, the 90’s pop sensation, has been trying to sell his this 9,882-square-foot Mediterranean-style estate since 2007 that is now back on the market for $18.9 million. This two-story Golden Beach, Florida estate is located on a private and secure beach community – about 12 miles north of Miami Beach – that includes five bedrooms with a master suite, seven bathrooms, a walk-in closet, a five-car garage, a media room and a terrace with views of the ocean.
Tiger Wood's new pad in NYC. (Photo Credit: Curbed NY)
• Tiger Woods Looking to Score (A New Apartment)
Infamous for his skills as a pro golfer and most recently for his well-publicized divorce, Tiger Woods is back in the news but this time it involves his search for an apartment in NYC. Woods is currently scouting out a condo on Hudson Street called the Printing House — a 19th-century commercial building that was converted into condos in the late 1970s. Described as an “Italian-Renaissance-palazzo-style” reports have been unclear as to which unit Woods is interested in, but a $5,200/month two bedroom, two bath unit was recently sold where reports have speculated that Woods was the buyer. This unit includes hardwood flooring, high ceilings, a walk-in closet, dishwasher, central air and a personal gym. Woods can also look forward to having a building with a doorman, a concierge, a pool, a sundeck, video security and valet service.
T.R. Knight's home - listed at $3.9 million. (Photo Credit: The Real Estalker)
• T.R. Knight’s Home on the Market for $3.9 Million
T.R. Knight of “Grey’s Anatomy” fame recently placed his 4,160-square-foot Los Angeles home on the market. The four-bedroom, 3.5 bathroom home has been T.R’s home since 2007, but now that he ended his stint on that show he is looking to relocate to NYC. The 1930s Tudor-style home is listed at $3,995,000 that includes gothic furnishings, exposed beams, parquet flooring and an outdoor area with a covered fireplace, terrace and landscaped grounds.
Amy Adams' new Beverly Hills home -- listed at$3,165,000. (Photo Credit: The Real Estalker)
• Amy Adams Buys Home in Beverly Hills
Two-time Oscar nominee Amy Adams recently purchased a home in Beverly Hills for $3,165.000. The four-bedroom, 3.5 bathroom home, described as a “Cape Cod estate,” includes 4,311-square-feet of living space, hardwood flooring, a fireplace, walk-in closets and a private patio with views of the ocean. The property is also protected by a secured gate and features contemporary glass panels, a den, built-in bookcases and French doors.
Home of DeShawn Snow (Real Housewife of Atlanta) -- listed at $4,998,000. (Photo Credit: Zillow.com)
By Serena Norr
Sometimes it takes awhile for a home to be sold and a few of the celebrities on this week’s Celebrity Beat certainly know about this. Take Christina Aguilera and the late Leona Helmsley (Queen of Mean to some) whose homes have been listed on the market since 2008 and 2007, respectively. Aguilera has recently reduced the price of her home by $2 million bucks in hopes to garner a sale while Helmsley’s estate has reportedly sold the property, but for less than $55 million dollars (almost half of the $125 asking price). But then again, sometimes home sales are quick. Liam Neeson recently listed his co-op for $1.375 million and it was sold only five days later for $1.352. Here’s hoping other celebs on the Beat — Andrew Dice Clay and DeShawn Snow (Real Housewife) — don’t have to wait that long to sell their recently listed properties.
• Liam Neeson Sells NYC Co-Op for $1.352 Million
Liam Nesson recently sold his Central Park West two-bedroom co-op that was only listed on the market for five days. Originally listed for $1.375, the co-op was sold for $1.352 to Alan Holtz, a corporate restructuring expert at Alix Partners. In addition to being right across the street from Central Park, the 2,300-square-foot corner apartment also includes two bathrooms, high-beamed ceilings and oversized windows that Nesson and his late wife Natasha Richardson lived in since 1994. Wouldn’t it be nice if all home sales were this easy?
Christina Aguilera's home for sale - listed at $5.995 million. (Photo Credit: LaTimesBlog)
• Christina Aguilera Drops Price of Home by $2 Million
Then again sometimes it takes time for a home to be sold. Take pop star Christina Aguilera who has been trying to sell her Hollywood Hills home since 2008. In an attempt to get it sold, she recently lowered her asking price to $5.995 million (a full $2 million dollar drop from the original asking price of $7.995). Purchased by Aguilera in 2003 for $5 million, the 1,200-square-foot home includes a master bedroom suite, four bedrooms, seven bathrooms, a professional screening room that seats 18, a personal gym, an outdoor pool, a spa fit for 12, a fireplace and gorgeous views of the beach and downtown Los Angeles. Currently, Aguilera resides in a Beverly Hills home that was once owned by Ozzy Osbourne.
• Leona Helmsley’s Mansion Sold for Less Than $55 Million
According to the NY Post, Leona Helmsley’s 40-acre mansion is rumored to have been sold this week for $55 million or less. Located in Greenwich, Connecticut, the home referred to as “Dullenellen Hall” has been on the market for three years following Helmsley’s death in 2007. It is reported that an undisclosed buyer was able to lower the price from $125 million, which is most likely due to its extensive repairs and damages ranging from leaky faucets to bad plumbing. The home, built in 1918, also comes with 26 rooms, an outdoor and outdoor pool, a koi pool, a wine cellar, a theater, tennis courts and two guest cottages. Proceeds of the sale will go to a Helmsley’s charitable trust.
Andrew Dice Clay's home for sale - listed at $1,399,00. (Photo Credit: The Real Estalker)
• Andrew Dice Clay Lists LA Home for $1,399,000
Long Island’s raunchiest insult comedian, Andrew Dice Clay, has recently placed his Los Angeles home on the market for $1,399,000. This 2,720-square-foot abode includes three bedrooms, 2.5 bathrooms, a fireplace, huge windows, a garden room and an eat-in kitchen with modern appliances. The exterior of the house is painted in mint green and is located on a huge luscious landscape. Clay also owns a home in Las Vegas.
DeShawn Show's home -- listed at $4,998,000. (Photo Credit: Zillow.com)
• DeShawn Snow (Former Real Housewife of Atlanta) Selling Home for $4,998,000
While we are not so sure who this real housewife is, one thing is for certain: DeShawn Snow certainly know how to live large. Listed for $4.9 million, the 10,317-square-foot estate home, which was recently renovated in 2008, includes six bedrooms with a master bedroom, nine bedrooms, a gourmet kitchen, central air, seven fireplaces, a six-car garage, landscaped grounds and an outdoor pool with a fire pit. Located in Alpharetta, Georgia, the home also includes a “billiards room, card room, wine cellar, full bar, family room, dry sauna, exercise room and an on-site salon,” according to Zillow.com.
Tyler Perry's new home - purchased for $7.6 million. (Photo Credit: Zillow.com)
By Serena Norr
The biggest home sale this week on the Beat – in both price and size – was the massive mansion purchased by Tyler Perry aka the man behind the sassy Madea. The mansion, called Dean Gardens, was created in the early 90s by software developer Larry Dean and his wife, Lynda, who certainly had their wild imagination come to life in this overly done 58-acre mansion. From a carousel-themed nursery to art deco-inspired bedrooms, the Deans personal taste is not for everyone, and some may even say that the home is more famous for the time it has been on the market. Listed on the market since 1993 (following the couples split), Perry plans to remodel and tear several rooms in order to create an environmentally-friendly home made out of concrete. To shift from extreme homes to an aesthetically pleasing one, Bradley Whitford and Jane Kaczmarek have placed their 6,769-square-foot Italian-inspired villa on the market. The couple, who also separated, is seeking $6.7 million for their six bath, six-bedroom home. Courtney Love’s public real estate plight has been reported on Curbed NY, the New York Post, and even here on Relocation.com. Searching for a home next to Anna Wintour proved unsuccessful (Love was rejected by the condo board) and we guess living in Soho’s posh Mercer Hotel had its days numbered as Love is now leasing Milla Jovovich’s townhouse (which has been on the market since 2008). We’re interested to see how that living arrangement plays out…From extreme homes to peaceful abodes, we have you covered on the Celebrity Beat.
Front door entryway at Tyler Perry's new home -- purchased for $7.6 million. (Photo Credit: Hooked on Houses)
Some themed-rooms at Dean Gardens -- now owned by Tyler Perry. (Photo Credit: The Real Estalker)
• Tyler Perry Buys Georgia Mansion for $7.6 Million
Entertainment maven (comedian/actor/director/producer/playwright), Tyler Perry recently purchased the massive Dean Gardens estate in the suburban outskirts of Georgia for $7.6 million. The 58-acre estate, located along the Chattahoochee River, has been on the market for 17 years (Michael Jackson was once an interested buyer), which was conceptualized by software developer Larry Dean and his wife, Lynda. The 32,000 square foot mansion was designed by the Dean’s 21-year-old that took four years to create a massive wonderland of themed-bedrooms and grandiose chandeliers. The Deans, though, never did enjoy their overactive mansion. Shortly after the construction of the home (in 1993) the couple separated and placed it on the market, which it has been on for 17 years. It was recently listed for $13,900,000 for the home and its furnishings (carousels, an entry way with massive-sized Italian paintings, custom murals and a room with Peacock décor were some features); however, Perry declined that offer and paid $7.6 million solely for the home. The home has been recognized (both praised and scoffed) for its unique décor options, formal gardens, outdoor band shell, 18-hole golf course, 12-car garage, 12 fireplaces, eight themed-bedrooms, nine bathrooms and on-site wedding chapel. We’re not sure what to make of some of these odd features and perhaps Perry wasn’t either as he plans to tear down the house and “… build one that is environmentally friendly and made of concrete,” according to Zillow.com. Zillow broke down even further, “this will include paying $25 million to build it, $18 million to pay for staff, taxes and utilities over the years and $1 million in annual maintenance.” Perry also owns homes in Los Angeles, an 11.4 acre home in Fairburn, Georgia and a mansion in Atlanta, Georgia. It sure pays to be a quadruple threat…
Jane Kacmarek and Bradley Whitford's villa - listed for $6.7 million. (Photo Credit: Luxist.com)
• Jane Kaczmarek, Bradley Whitford Place San Marino Villa on Market for $6.7 Million
Jane Kaczmarek and Bradley Whitford filed for a divorce in 2009, and sadly selling their gorgeous San Marino Villa was also involved in their separation. Located in San Marino (near Pasadena, California), the 6,769-square-foot home is described as an “Italian Renaissance Revival estate.” Designed in 1924, the home is situated on more than an acre of land that includes an outdoor swimming pool, original formal gardens, a spa, six bedrooms and six bathrooms, a library, hardwood flooring and a private guesthouse. The home, which underwent a massive renovation in 1997, was originally purchased for $5.9 million in 2004.
One of Emeril's kitchen's in his Manhattan Condo - Sold for $4.6 million. (Photo Credit: Wall Street Journal)
• Emeril Lagasse Sells Midtown Loft for $4.6 Million
Emeril Lagasse, famous for the catch phrases (“Bam” and “Lets Kick it Up a Notch), and of course for his Cajun cooking, recently sold his loft at the Beekman Regent NYC condo for $4.6 million. Located in Midtown Manhattan, the 4,000-square-foot apartment is a combination of two adjacent apartments that includes two kitchens – both of which have modern and stainless steel appliances, a formal dining room, a media room and two master suites. The apartment also features views of the skyline and the East River whose building’s interior includes 24-karat gold hardware and mahogany wood. According to the New York Post, Emeril won’t have to worry about his living situation that much longer since he reportedly just closed on a 6,900-square-foot Upper East Side townhouse. His new $11.5 million pad is recently renovated and includes two terraces, six fireplaces and a chef’s kitchen.
• Courtney Love to Lease Milla Jovovich’s NYC Townhouse
Much has been reported about adventurous tales of grunge rocker Courtney Love and her search for an apartment in NYC. Seems this tale has a happy ending, at least temporarily, as it was reported that Love is leasing a townhouse from actress/model Milla Jovovich. Love has been living in the luxurious Mercer Hotel in Soho for the past year while searching for a home in the West Village. Love has been looking to live next to Anna Wintour whose board rejected her request. Seems like a perfect situation for both parties as Jovovich has been trying to sell her Greenwich Village townhouse since 2008. Listed for sale at $7.5 million, the four-floor home includes four bedrooms, a private garden, a dining room and a rooftop deck. Curbed NY reported that Jovovich was seeking $24,000/month for rent. However, there was no word if this is what Love will be paying.
Weinberg's home for sale -- listed at $3,399,00. (Photo Credit: The Real Estalker).
• Max Weinberg Asking $3.3 Million for Flipped Home
Max Weinberg, resident drummer on the “Late Night with Conan O’Brien” and former member of Bruce Springsteen’s E Street Band recently listed a Hollywood Hills home for sale. Purchased in February 2009 for $2,888,000, Weinberg and his wife, Rebecca, renovated the home and is now looking to make a profit by listing it for $3,399,000. The contemporary five bedrooms, three bathroom home – previously owned by the parents of Maggie and Jake Gyllenhaal – includes views of the city, a swimming pool among a lush garden and angled stairs and 2,916-square-feet of living space. An infamous house flipper, Weinberg has been purchasing homes in California and New York, renovating them and selling them since the early 2000s.
Which home sparks your interest?
Views the undisclosed buyer of the 'most expensive home' in the world will enjoy. The home was purchased for $220 million. Photo Credit: www.telegraph.co.uk)
By Serena Norr
The spectrum of ridiculousness and luxury real estate just took a turn to the extreme on this week’s edition of the Celebrity Beat. To start things off with a bang, it was reported that the most expensive home was sold in London by an undisclosed buyer – insert your speculations here – for $220 million. Located in a building called One Hyde Park, the new owner will have six bedrooms, bulletproof windows and a panic room — perhaps these are standard amenities when you purchase a home of this nature. On a smaller scale (but not by much), there were many other homes shuffled through sales and placed on the market. In NYC, Rachel Maddow purchased a two-bedroom West Village apartment for $1.25 million that was once owned by the lead singer of R.E.M. Nicole Kidman and her hubs Keith Urban are also on the Beat for reportedly buying a three-bedroom home in West Chelsea. This newly designed home is being touted for its modern amenities, in particular, a sky garage that transports cars to its resident’s homes and back to the garage – seems to us that Jetson-like living isn’t that far away.
An undisclosed buyer recently purchased the most expensive homes in the world, according to Housing Watch.com. The new development called One Hyde Park was purchased for a whopping $220 million. Beginning construction in 2006 — the building with 86 properties – is still undergoing development with plans to complete the landscaping by December 2010. The unit purchased by the mystery buyer is reported to be a two-story, six-bedroom place with view of nearby Hyde Park. The London home also includes bulletproof windows and a panic room — for what we could imagine is needed the homes hefty price tag
Sky Garage at Nicole Kidman's new $10 million-dollar home. (Image Credit: www.200eleventh.com)
The starchitecture district, located in West Chelsea will soon have new residents. The New York Post and Curbed NY are reporting that Nicole Kidman and her husband Keith Urban have purchased at new penthouse at the posh 200 Eleventh Avenue for $10 million. Originally listed for $12.5 million, the super luxurious pad features amazing views of the Hudson, a private elevator opening to their foyer and access to Sky Garage, an automatic car elevator that will take Kidman directly to her apartment (see picture). The penthouse – featuring 3,248 square feet – includes three bedrooms and a master suite with a walk-in closest, 3.5 bathrooms, a large study and a modern kitchen with stainless steel appliances. According to the building’s website, Kidman and Urban can also enjoy several on-site amenities such as a 24/7 attended lobby and a fitness center with a spa.
Pics of Scarlett Johansson and Ryan Reynolds new home - Purchased for $2.9 million. (Photo Credit: realestalker.blogspot.com)
Super couple Scarlett Johansson and Ryan Reynolds recently purchased a new 2,835-square-foot home in Los Angeles for $2.9 million. The home, located in the hills of Los Feliz, includes two bedrooms, three bathrooms, a guest room with hardwood flooring and high ceilings. The small home also includes a two-car garage, a state-of-the-art security system and an outdoor area with a swimming pool and small garden. It is also reported by the RealEstalker that Johansson and Reynolds are looking for another home in Louisiana with eco-friendly amenities.
Live like the king for a night and rent Elvis' honeymoon home. (Photo Credit: Zillow.com)
• Elvis Presley’s Honeymoon House for Rent
According to Zillow.com, the Palm Springs, California home where Priscella and Elvis Presley stayed during their honeymoon is currently listed for rent. According to the estate’s website, ElvisHoneymoon.com, you can also have a corporate seminar, tour, film or have your own wedding/honeymoon at the home. Once considered “the House of Tomorrow” for its art deco design concepts, the home has been preserved with furnishings from the 1960s that also includes two bedrooms, four bathrooms and 4,695 square feet of living space.
Shots of Rachel Maddow's new apartment - purchased for$1.25 million. (Photo Credit: NYCurbed.com)
• Rachel Maddow Buys Michael Stipe’s West Village Apartment
Rachel Maddow, host of “MSNBC,” recently purchased a West Village apartment that was once owned by R.E.M’s front man, Michael Stipe. Purchased for $1.25 million, the luxurious loft is quite the step up for Maddow who was formerly living in a 275-square-foot NYC apartment, according to Curbed NY. Her new digs – on Jane Street – include two bedrooms, gorgeous view of the Hudson and 1,325 square feet of living space. A former paper warehouse, the building was turned into condos in 1976.
Joey Fatone's home for sale - To be sold at auction for $6.5 million
By Serena Norr
We had quite the mixed bag of homes for sales and home purchases this week. “Extra” host Mario Lopez recently purchased a 4,430 square-foot home in Glendale, California for the obvious reasons: outdoor pool, courtyard with a fountain and state-of-the art and modern amenities as well as for the not-so-obvious reasons: it will be the location of his new reality show where he and his baby mama will be filmed as they experience the trails of becoming new parents. While some may tune-in to catch Lopez juggle his abdominal workouts while changing diapers, we are more interested in seeing how he will upgrade and personalize his Spanish-style home with home improvement projects and decor. Disney star-turned-actress, Hilary Duff also made this week’s Beat for purchasing an elegant Toluca Lake estate with her fiancé Mike Comrie for $3.85 million. We also reported on an interesting auction of the home of Joey Fatone. Fatone, who was in the band ‘NSync, is asking $6.5 million for the home that features a swimming pool and an outdoor sushi bar. These properties never cease to amuse and amaze us! Until next week…
• Former ‘NSyncer, Joey Fatone Selling Orlando Home for $6.5 Million
Joey Fatone, of the popular 90s boy-band ‘NSync, will auction his home for $6.5 million citing wanting to be closer to his family as the reason for the sale. The gated estate, located in Orlando, is situated on 4.4 acres of lakefront property that includes 10 bathrooms, a 10-car garage and six bedrooms, including a 3,800 square-foot master suite with a butler’s pantry. The home also has 12,400-square-feet of living space that includes a movie theatre with stadium seating and an outdoor grotto area with a sushi bar, swimming pool and spa. The minimum bid for the auction is $3.7 million, which will take place on September 11, 2010.
• Mel Brooks Sells Ocean-Front Home for $5.3 Million
Comedian and director Mel Brooks recently sold his Watermill, New York home for $5.3 million. The 1,968-square-foot property was originally purchased for $2,995,000 by Brooks and his late wife, Anne Bancroft, which has been rented out for several summers. The home, situated by the ocean on. 74 acres, includes three bedrooms, two bathrooms, a fireplace and is right down the street from last week’s celebrity beat seller, Christie Brinkley.
• Leeza Gibbons Buys New Home for $6,600,000
Entertainment reporter Leeza Gibbons recently purchased a home in Beverly Hills, California for $6,600,000. The Mediterranean-style home includes five bedrooms, 5.5 bathrooms and backyard complete with a heated swimming pool, spa and lush greenery. The 6,579-square-foot home also includes walnut wood flooring, a family room, a fitness room, a billiard room, an office, a three-car garage, a home theatre, four fireplaces and a state-of-the-art security system.
• Mario Lopez Gets a New Home for $1,940,000
Mario Lopez of “Saved by the Bell” fame recently purchased a new home in Glendale, California. Sold to Lopez for a modest price tag of $1,940,000 (at least in celebrity real estate terms), the home will soon be seen by the rest of America when VH1 starts filming a new reality series about the trials and tribulations of Lopez’s life with a new baby. If you can’t wait to see the show, we can tell you the Spanish-style home includes four bedrooms, six bathrooms, three-car garage and a gorgeous courtyard with a fountain. The home, built in 1929, is fully renovated that also includes 4,430 square-feet of living space, a eat-in kitchen with modern appliances, an office, a formal dining area with hardwood flooring, arched doorways, fireplace and a swimming pool.
Exterior shot of Hilary Duff's new home - Sold for $3.85 million
• Teen Queen Hilary Duff Buys Home for $3.85 Million
Hilary Duff, former Disney star- and sometimes-designer/singer/actress recently purchased a colonial-style home for $3.85 million with her her fiancé Mike Comrie. Located in Toluca Lake, the elegant 5,260-square-foot two-story house includes five bedrooms, 6.5 bathrooms, an outdoor fireplace and a swimming pool and a modern kitchen with stainless steel appliances. Other amenities include a wet bar, French doors located throughout the home, a curved staircase, high ceilings and hardwood flooring. Duff and her fiancé Mike Comrie can also look forward to getting to know other Toluca Lake residents like Jenny Garth, Gwen Stefani and their next door neighbor, Britney Spears.
By Serena Norr
What an exciting week in the world of celebrity real estate. The home that Michael Jackson rented before he died was listed on the market for a whopping $28,995,000! With seven bedrooms, a game/media room, a theatre and a pool the new owner will never have to leave the property. Meg Ryan also made an appearance on the Beat for leasing her home for rent. Asking price? A mere $40,000 a month — or what we figure is better spent on two years worth of rent. Christie Brinkley is also in the news for placing her beachfront home on the market. She is reportedly a huge fan of home improvement projects but cited lack of time to maintain the property as one of the reasons for the listing. We also reported on the foreclosure of Damon Dash’s (co-founder of Roc-A-Feller Records) NYC condos. Dash reportedly fell into the old spending-more-than-what-you-have bit and was unable to pay his $78,504 monthly mortgage payments.
The estate of the late Michael Jackson - Listed for $28,995,000. (Photo Credit: The Real Estalker)
• Michael Jackson’s Home on the Market for $28,995,000
Yes, those numbers are correct and yes, this is the very home that Michael Jackson rented for $100,000 a month before he passed away in June of 2009 (owner is Hubert Guez, CEO of Ed Hardy). This Holmby Hills estate (located in Los Angeles) is certainly fit for a King, or maybe just the King of Pop. The list of amenities goes on and on for “French Chateau” such as a wood-paneled den, a library, a modern eat-in kitchen, seven bedrooms, 13 bathrooms, seven garage spaces and 12 fireplaces all of which is situated on 1.26 acres of land. On top of all, the 17,171 square feet home (about $1,689 per square foot) also has a wine cellar, a media room, an art studio, a movie theatre, an indoor bar, a spa and a gym, lush gardens and greenery and an heated outdoor pool. Property listings describe this luxurious and gated abode as a “major achievement in design and proportion, incorporating classic design and impeccable craftsmanship and offering the perfect integration of charm and elegance in a world-class setting.” With that asking price and all that is included we wonder what King or Queen will be the reigning owner of this property.
You too can enjoy Meg Ryan's pool -- Listed for rent at $40,000 a month. (Photo Credit: Zillow.com)
• Meg Ryan Renting Her Home for $40,000 a Month
Back in October, actress Meg Ryan listed this California home for $14.2 million only to be removed from the property listings a mere two months later. According to Zillow.com, Ryan has now listed her Spanish-style Bel Air home for rent at $40,000 a month. A bit steep for a lease but the world of celebrity real estate follows its own set of rules. And for whoever can afford this agreement will have quite the gorgeous beachfront estate to look after. The spacious home includes six bedrooms, seven bathrooms, four fireplaces and of course stunning views of the ocean. There is also hardwood flooring, open archways, wood-beamed ceilings and a modern kitchen with state-of-the-art appliances. There are no reports as to how long the rental agreement would last.
• Hip Hop Mogul Damon Dash Losses Home to Foreclosure
Damon Dash, Co-Founder of Roc-A-Feller Records recently lost his TriBeCa condo to a foreclosure. Sold for $5.5 million, Dash reportedly stopped paying his $78,504 in mortgage payments on his two condos — one on Moore Street and the other on Laight Street. (We wonder why one would need two condos in the same neighborhood but perhaps that is a part of the whole celebrity real estate conundrum.) Dash attempted to sell the Moore Street condo right after the real estate market crashed for $7.9 million and again for $5.75 million in 2009 with no interested buyers. Since he was unable to pay his loan, Dash was sued twice and finally ordered to put his home through the auction process by the New York Supreme Court. A California-based finance firm, Platinum Capital, purchased the home. His second home (on Laight Street in NYC) went unsold and was taken over by Eastern Savings Bank.
Steve Carell's new home -- Purchased for $6 million. (Photo Credit: The Real Estalker)
• Steve Carell Buys Home for $6 Million
Steve Carell of “The Office” recently purchased 1.27 acre estate for $6 million dollars. Located in Toluca Lake, California, the 5,126-sqaure-foot home includes six bedrooms, five bathrooms, a pool house and a tennis court. Toluca Lake is home to many celebrity neighbors that Carell can soon mingle with. According to the Real Estalker, Eric McCormack, Markie Post, Swoosie Kurtz, Andy Garcia, Demi Lovato, and Ashley Tisdale all live in Toluca Lake.”
Christine Brinkley's home -- Listed for $15.75 million. (Photo Credit: Luxist.com)
• Christie Brinkley Lists North Haven Home for Sale
Model/socialite and real estate investor Christie Brinkley recently listed her New Haven home on the market for $15.75 million. Built in the 19th century, the waterfront home not only has gorgeous views of the beach and the surrounding bay but is surrounded on 4.5 acres of land and 327 feet of beachfront. The 5,500-square-foot columned mansion has five-bedrooms, six bathrooms, four fireplaces and an outdoor pool. Brinkley cited busyness and an inability to maintain the property as the reason for the sale. She has an avid interest in home improvement projects stating “love fixing up old houses, but my life is so busy between with my children, launching several new businesses and my philanthropy, I just don’t have time.”
BON SECOUR NATIONAL WILDLIFE REFUGE , Ala. - Relocation procedures for sea turtle that are too close to the tideline. (Photo Credit: U.S. Fish and Wildlife Service photo by Bonnie Strawser)
By Serena Norr and Joann Pan
As we discussed in the first part of this series “The Devastating Impact of the BP Oil Spill on Real Estate,” the oil spill off of the Gulf Coast has not only affected our waters, marshes, animals and our health, but the “worst spill in history” has also greatly impacted the real estate industry. Although we are happy to hear that engineers have been able to stop oil gushing from the well [LA Times Blog], there is the looming question pertaining to the state of real estate in Alabama and Mississippi. Early numbers are estimating that the oil spill will “drive down the Gulf’s property values by 10 percent for at least three years,” according to CoStar Group Inc [Bloomberg]. The International Property Estimate stated that “losses may total $4.3 billion along the 600-mile (966- kilometer) stretch from the Louisiana bayous to Clearwater, Florida.”
Since April 20th, new property developments in Alabama and Mississippi have been put “on hold” and commercial properties such as hotels that are suffering from a decline in tourism and the inability to provide certain supplies such as with restaurants that can no longer offer fresh and local shrimp, oysters, etc. Some of these real estate issues are not immediate, but will impact these areas long after the spill has been cleaned. Will people want to relocate to an area that was once covered in oil — whether directly or nearby? Will the water ever be clean enough for fishing? Will tourism pick up? As the pieces are starting to be picked up and clean-up efforts are prevalent in the Gulf, we will be keeping a watch eye, hopeful that we will be able to report on positive news from the Gulf.
GALVESTON, Tx - Cleaning up tar balls off on Galveston beaches. (Photo Credit: U.S. Coast Guard photo by Petty Officer 2nd Class Prentice Danner)
Alabama’s Businesses Suffer Including Restaurants, Condo Owners, Shops Owners and Fishing Industries
For three months, after the media has continually projected the dismal prospect of coastal communities affected by the BP Oil Spill to the rest of the world, the states lining the Gulf of Mexico are seeing and feeling the onset of low numbers of tourists and homebuyers. When President Obama went to see the effects of the BP oil spill on the state in mid-June, Governor Bob Riley and the communities of Alabama were relieved to have president see the effects for himself. In a speech, the president addressed the jabs that the tourism and fishing industries have suffered. The lives of Alabama’s shop owners, restaurateurs, commercial and sport fishermen and those in real estate have not seen normal business for about three months [Montgomery Advertiser]. As oil continues to wash to shore, it’s not the effects on the beaches that worries community members, but the state’s precious marshes, estuaries and wetlands that will be lost. Tourism is also down, which is evident by the pictures of empty beaches that would normally be flooded with people. There are men bringing booms down to the waters—approximately 10,000 feet of booms a day to keep the oil at bay.
As soon as the oil started leaking—rather gushing relentlessly into the Gulf of Mexico—officials and professionals have been implemented quick clean-up of the space. As personnel continue to tread the waters of the Gulf, people are coming forward with disaster-related illnesses. In Louisiana, their Department of Health is aware of 71 cases and in Alabama, there are 15 reported illnesses—a mix of respiratory problems and skin irritations [CNN Health]. As soon as news like this hits to mainstream, areas where tourism and properties are hot start to see businesses fade.
The NY Times painted a dreary picture for us on July 5 by running a feature about an Alabaman seaside Inn that has seen the scary effects of the oil spill that include a lack of bumper-to-bumper traffic along Perdido Beach, minimal diners at coastal restaurants, missing swimmers in the water and a diminished population of seagulls riding up the coast. And in the place of those summer beach expectations are tar balls and lines of oil that have layered themselves in the daily repetitions of low tide and high tide that brings new sand and oil on shore. The building’s owner is Jerry Gilbreath, 61, who bought the structure in 1980 and turned it into a successful bed-and-breakfast. Now, Gilbreath, like other resort, hotel and property owners in Alabama are struggling to meet ends meet. To give you an idea the inn made $21,000 last June, but only made $6,000 this June, a month after the drum of oil starting leaking [the NY Times].
NEW ORLEANS - Debris and oil in the Gulf of Mexico from the Deepwater Horizon drilling.
Mississippi’s Job Loss, Real Estate Outlook and Tourism Industry
Since the oil spill, 4,500 unemployed workers in Alabama, Louisiana, Florida and Mississippi have been hired to clean the beaches– raking and shoveling debris, taking out trash and using power loaders to wash away oil-covered rocks [CNN Money]. Although finding work is always a positive sign (especially since Mississippi has an 11.5 percent unemployment rate), the conditions in which these workers were hired is not something residents of these Gulf States were expecting.
The immediate impact of the spill is not the only matter at hand, but one that Mississippi will be dealing with years after the spill; especially when pertaining to real estate. Recently, several real estate agents and brokers have requested $20 billion dollars as compensation for the loss of sales due to the oil spill. Kenneth Feinberg, a Washington attorney who is working on organizing money for the victims, stated “The Realtors and real estate brokers are a major political force. I’m hearing from them constantly. I’m not sure whether they have a valid legal claim.” As of now, these claims fall into the category of “tough eligibility decisions,” whose issue will be further explored through an independent committee held next month [SunHearald.com].
There is also the issue of the loss of jobs and tourism in Mississippi. A University of Mississippi study found that the oil spill could cost Jackson, Harrison and Hancock counties nearly $120 million in the tourism and service sectors; while the Mississippi Development Authority estimated that tourism was down statewide and about “seven percent in fiscal 2010 to $5.2 billion” [Insurance Journal]. Hit the hardest right now are non-casino hotels, which are down by $50 million and services related to tourism such as restaurants, beverages and food and area beaches (even though no oil has been washed onto Mississippi’s beaches). According to David Bulter, a professor who conducted the survey, these figures are related to the “negative images portrayed by the national news.” There has also been a decline in charter boats and recreational and commercial fishing.
Now that the leaking has been stopped by a temporary cap—until further measures can be made, that is—we wait and hope for positive news in the upcoming months.
Sources and Additional Reading:
All photos are from Deepwater Horizon’s flickr page- http://www.flickr.com/photos/deepwaterhorizonresponse/
By Serena Norr
At Relocation.com, we are big believers in renovating your home or apartment for obvious reasons (like say, repairing a faulty toilet or fixing broken tiles) or to enhance the look and feel of your house. For homeowners, these projects may increase the value of a home, which can be rather helpful when you are seeking to sell. However, when you spend $50 million (yes, I said $50 million dollars) for a home renovation, we have clearly entered into the mysterious and costly world of celebrity real estate. This exact transaction recently took place in NYC when the designer, Tommy Hilfiger forked over $50 million buckaroos to redesign his duplex. Pictures of the gorgeous home were taken by Harper’s Bazaar so we can all admire the “European-inspired” home from afar and truly see what you can do to your home when money is no object. This week you can also read more about Cameron Diaz who purchased Candice Bergen’s Beverly Hills home for $9.4 million. The homes of the late Jim Morrison and the late Ed McMahon are listed for sale, as well as Sasha Baron Cohen’s home that is listed on the market for $2.9 million. Let us know which home sounds interesting to you. Until next week…
Newly redesigned dining room of Tommy Hilfiger -- The renovations cost the designer $50 million dollars. (Photo Credit: Harper's Bazaar)
• Tommy Hilfiger Renovates Home for $50 Million
Clothing designer Tommy Hilfiger recently renovated his two-floor NYC duplex for the hefty price tag of $50 million. This home improvement project has been in the works for two years to create “an old-world atmosphere complementing the old-world Plaza,” as Hilfiger stated to Harper’s Bazaar. The project involved a complete gut renovation of Hilfiger’s 6,000-square-foot duplex to create a glamorous/vintage European-vibe. And that it certainly is. The newly redesigned duplex now includes a gorgeous Maison Jansen dining room table, crystal chandeliers, a nautical-themed kid’s room complete with a ship bed and a French Renaissance-style turret featuring an Eloise mural by Hilary Knight. There is also a 20-piece collection by Andy Warhol, paintings by Jean Michel Basquiat and an American flag painting by Jasper Johns that Hilfiger is reportedly interested in buying. The home also features a private domed terrace, which overlooks Central Park that was redesigned with checkered flooring, a black sitting table and custom cut plants.
Check out more photos of Tommy Hilfiger’s Plaza home as featured in Harper’s Bazaar.
Jim Morrison's former dining room -- Listed for $1.1 million. (Photo Credit: Zillow.com)
• Jim Morrison’s Laurel Canyon Home for Sale
The Laurel Canyon home of the late Jim Morrison has recently been listed on the market for $1,199,000. Previously sold for $535,000 in 2001, the rustic 2,300-square-foot home is reportedly where Morrison did a lot of his song writing and hung out in the 1960s. The quaint home includes three bedrooms, open beamed ceilings, distressed wood floors, iron fixtures and a outdoor deck with a fire pit, gym and shower, as reported on Housing Watch. The new owner may also discover some of Morrison’s writings behind the wall of an indoor shower where he reportedly kept some of his poetry and songs – Strange Days, indeed.
• Cameron Diaz Buys Candice Bergen’s Beverly Hills Home
According to the Real Estalker, Cameron Diaz recently purchased Candice Bergen’s Beverly Hills home for $9, 447,500. Originally listed for $10,250,000, the 5,000-square foot home features four bedrooms, 4.5 bathrooms and a detached guest house that encompasses almost an acre of land includes another three bedrooms and two bathrooms. The sophisticated home also features hardwood and tiled flooring, high ceilings and an outdoor area with a pool, tennis court, gardens and a spa.
• Sacha Baron Cohen Lists Los Angeles Home for $2.9 Million
Sacha Baron Cohen aka the man behind “Ali G” and “Borat” recently listed his 2,806-square-foot home on the market for $2.9 million. The single-story Los Angeles abode features three bedrooms, 2.5 bathrooms, a detached guest room and a two-car garage. Other amenities in the house include hardwood flooring, a fireplace, French doors leading to the dining room, a modern kitchen with stainless steel appliances and white cabinets and an outdoor deck with a pool and spa.
• Ed McMahon’s Beverly Hills Home on the Market for $4.6 Million
The home of the late Ed McMahon is on the market $4.6 million. Originally listed in 2008 for the same price, the Mediterranean-style is located in a gated community in Beverly Hills that overlooks canyons and a sprawling yard. The California estate includes six bedrooms, 5.5 bathrooms, fireplace and a swimming pool. The seller (who was also a friend of McMahon’s) made significant home improvements on the 7,013-square-foot estate that faced foreclosure in 2008.
By Serena Norr
The ornate abode of Rush Limbaugh -- Sold for $11.5 million. (Photo Credit: Corocan via the Wall Street Journal)
A few politicos made “the Celebrity Beat” this week. The “Lion of the Senate” aka the late Ted Kennedy’s Washington, DC home was recently placed on the market for $7,995,000. This massive Colonial-style estate includes five bedrooms, six bathrooms, a wine cellar and a personal gym designed by “the Terminator” or Governor Schwarzenegger, as he is referred to these days. On the right side of the political spectrum, Rush Limbaugh’s Upper East Side penthouse was sold for $11.5 million to an undisclosed buyer. Limbaugh has been stating he has wanted out of New York due to the city’s high property taxes — but if you have an $11 million dollar home, we are thinking you have sufficient funds to pay good-old Uncle Sam. To light things up a bit, comedians Cheryl Hines and Adam Carrolla are both selling their California homes. Hines’ home is situated in Brentwood overlooking the mountains; while Carrolla’s home overlooks downtown Los Angeles that was also personally designed and renovated by Carrolla.
Exterior Shot of the Late Ted Kennedy's Home -- Listed at $7,995,000. (Photo Credit: Zillow.com)
• Ted Kennedy’s Home on the Market for $7,995,000
The Washington, DC home of the late Ted Kennedy (Kennedy passed in 2009 after a long bout with brain cancer) is on the market for $7.95 million. Purchased in 1998 for 2.7 million, the 8,900-square-foot home includes five bedrooms, six full-sized bathrooms and two half baths, a wine cellar, an indoor and outdoor pool, a secret hideaway from the library and an indoor gym designed by no other than the movie star-turned-gobernador Arnold Schwarzenegger! Described as a “Colonial-style home” whose decor features long white columns, French doors, high ceilings, an outdoor terrace, gardens and a massive dining room that is customized to fit 50 people. Listed by Vicki Kennedy (Kennedys’ widow), who is seeking a smaller home in Washington, DC. According to the Wall Street Journal, the home is “quietly being shopped around” with no current buyer.
Exterior View of Cheryl Hines Brentwood Home -- Listed at $4,249,000. (Photo Credit: Paul Barnaby via the Wall Street Journal)
• Cheryl Hines Lists Brentwood Home for $4,249,000
Comedian and “Curb Your Enthusiasm” star Cheryl Hines recently listed her walled and gated Mandeville Canyon-area estate for $4,249,000.The 4,908-square-foot home sits on an acre of land that features stunning views of the nearby California mountains and new furnishings and renovations throughout the properties open-floor plan. If that isn’t enough, perhaps the homes six bedrooms, 5.5 bathrooms, a guest house and an outdoor pool with massive trees throughout the property may entice you to buy?
Joe Torre's home includes an indoor swimming pool -- Listed at$1,175,000. (Photo Credit: Zillow.com)
• Joe Torre’s Home Listed for Auction at $1,175,000
Joe Torre, former coach of the New York Yankees and current coach of the Los Angeles Dodgers has recently placed is New Rochelle, New York to be sold via a public auction. Located 30 minutes from Manhattan, the 6,500-square-foot home is listed at $1,175,000 that is expected to exceed the asking price. Some notable features about the two-level property includes six bedrooms, five bathrooms, an indoor pool and a three-car garage all of which is situated on 1.01 acres of land. The first level features a family room, a fireplace, and a large kitchen; while the second level has a master suite, guest rooms and a laundry room. Owners of the property will also become stockholders of the estate property company. For more information on the auction, visit BidOnTheCity.com.
Rush Limbaugh's master bedroom complete with a ceiling mural -- Sold for $11.5 million. (Photo Credit: Corocan via the Wall Street Journal)
• Rush Limbaugh Finds Buyer for NYC Penthouse
On another side of the political spectrum, conservative pundit Rush Limbaugh has found a buyer for his Upper East Side NYC penthouse. Originally listed for $13.95 million, the undisclosed buyer will pay $11.5 million for the condo, according to the Wall St. Journal. The full-floor penthouse overlooks Central Park and features 10 rooms, four terraces, a 30-foot-wide living room and a private elevator. The new buyer will also enjoy personal decorating touches of the conservative talk-show host such as ornate wall designs and a mural of clouds and birds in the master bedroom, along with various ceiling murals throughout the penthouse featuring palm trees and the beach. Limbaugh is relocating from New York due to the high property taxes, which he announced in February on his radio-show entitled “El Rushbo to New York: Drop Dead.”
Adam's Carolla's Home for Sale-- Listed at $1,395,000. (Photo Credit: the Luxist)
• Adam Carolla Lists Home for $1.3 Million
Comedian, Adam Carolla recently put his Beachwood Canyon home on the market. Carolla – who also owns two other properties in the Los Angeles-area – personally did all of the renovations on this three-bedroom as stated on the Luxist, “the home was totally rebuilt, piece by piece, like a restoration of an old car with modern equipment.” With a contractor background, Carolla spent at least $350,000 in home improvements on his 2,281-square-feet French-style home. The “ultimate bachelor pad,” that was “overbuilt,” as stated by Carolla, includes some interesting features such as an office, an indoor and outdoor bar, an updated kitchen with state-of-the-art appliances and a soundproof basement. The exterior of the house is also pretty impressive, which resembles a castle and overlooks downtown Los Angeles and views of the Hollywood sign.
THEODORE, Ala. – An oiled gannet is cleaned at the Theodore Oiled Wildlife Rehabilitation Center. Photo by Petty Officer 3rd Class Colin White.
By Serena Norr and Joann Pan
The numbers are startling: 60,000 plus barrels of oil a day [The NY Times], thousands of fishermen without work [CNN] and an expected 30 percent decline in home values [Housing Watch]. By now, we have all heard about the devastating events that took place on April 20, 2010 – an oil rig exploded off of the Gulf of Mexico spreading crude oil and toxins [including the poisonous Corexit [The NY Times] along the shoreline. Deemed, the “worst oil spill in U.S. history” [National Geographic], the consequences of this unfortunate event have caused an environmental upheaval – affecting our water, marshes, animals and some believe, our health.
Being in the moving industry, we are also greatly concerned with how the spill is affecting the real estate industry – specifically commercial and residential properties, new developments and vacation homes. Some of the affects of the oil spill are already apparent: restaurant owners fear not having fresh fish will put them out of business [McClathchy], hotels are fighting to stay open [The NY Times] and once thriving tourist areas have become ghost towns [CBS News]. A survey conducted by Greater New Orleans, Inc, entitled “Potential Economic Impact of BP Oil Spill” indicated that “50 percent of businesses said they are expected to be hurt by the spill – citing direct interruption of their business due to the spill or false perceptions of the oil spill; while 53 percent of businesses stated they will need outside assistance to regain their losses.” Part of this assistance will come from an independent compensation fund established by the U.S. government — who will toll out $20 billion to compensate those who were greatly affected [CNN]. Although, this is a sizeable amount, there has been no indication as to whether this will cover personal property loss.
Not only an issue for the present, we wonder how the spill will affect the real estate industry in a few years. Will people be excited to build and vacation in the Gulf? Will commercial properties thrive again? Will BP award sufficient money to cover these devastating losses – ranging from fishing, tourism, ecological preservation to real estate? As we follow the headlines, we can only think of the worst in order to prepare best as we learn more about this awful spill in our two-part BP real estate series.
PENSACOLA, Fla. - A Coast Guard inspects oil that has washed onto the beach. Photo by Tech. Sgt. Emily F. Alley.
How the BP Oil Spill is Affecting the Coastal State of Florida
We are quickly approaching the two-month mark of the Transocean Ltd. Deepwater Horizon Oil Spill where (at press time), we learned that BP engineers have been able to stop oil gushing from the well [LA Times Blog]. Although, a welcome relief from the disparaging news we have heard since April; there is still a lot of work to be done. More than 93.5 million to 184.3 million gallons of oil have escaped the bruised well into the Gulf of Mexico [LA Times Blog] making its way down to the coastlines of our southern-most states.
So far, the oil has made its way to the coastlines of our southern-most states – estimated to be 130 miles long and 70 miles wide. Florida’s Governor Charlie Crist has already declared a state of emergency as the oil reaches the Panhandle. The oil slick covers 69 miles of Florida, 328 miles in Louisiana, 108 in Mississippi and 67 in Alabama, according to The Governor of Florida’s Website. Tar balls have been recovered on Pensacola Beach and the Perdido Key.
PENSACOLA, Fla. - Workers cleaning oil. Photo by Tech. Sgt. Emily F. Alley.
The BP Oil Spill will definitely bring long-term effects to Florida that at this time unforeseeable. The Palm Beach Post of Florida estimates that Florida will have a loss of 195,000 jobs and nearly $11 billion in revenue losses. These numbers were estimated by a University of Central Florida economist who believes the southern state will suffer from lack of jobs — especially Pensacola fishermen — and from decreased tourism to the nearby Orlando theme parks and the Palm Beach luxury hotels. [The Palm Beach Post] However, the local media outlet does expect reimbursements from BP itself for the canceled reservations over this current summer season, the loss of fishing, clean-up fees, and for other local effects from the nearby explosion of the rig.
The St. Joe Company (NYSE: JOE) is one of the biggest landowners in Florida and has also had one of the toughest times in the midst of the oil spill. With approximately 580,000 acres of land, mostly in Northwest Florida, St. Joe has made a great business based on tourism and owning eight luxury resorts near the Panhandle. According to
realestatechannel.com, St. Joe has refunded money for approximately 151 coastal homes and for a 60-room inn because of the oil. Many local companies are giving out refunds because of people afraid of the effects of the oil spill. St. Joe and other organizations are tackling the BP Oil Spill by asking for reimbursements of business lost and interrupted.
Another case of loss in the situation in Florida is that of Naples beachfront homeowner Cynthia Joannou, who is suing BP for causing environment issues for homeowners who own property along the coast and who will deal with long-term issues, according to m.naplesnews.com. Joannou claims that homebuyers are shying away from moving to Florida strictly because of the cumbersome oil spill. These losses will amount up to $4.3 billion along the entire 600-mile coast line from Louisiana’s bayous to Clearwater, Florida in property estimates, according to Bloomberg. A local realtor in the same article said that this environmental travesty is “the knockout punch the Great Recession didn’t deliver.”
Loss of Jobs, Homes and What is to Come in Louisiana
More than 65 miles of Louisiana’s shoreline—including its beaches and wetlands—are now covered in oil, according to Louisiana’s Governor Bobby Jindal, as stated on The Boston Globe. What once was a vibrant fishing community, thriving vacation spot and an area beginning whose real estate market was revitalizing is once again back in the national spotlight – only five years since Hurricane Katrina.
NEW ORLEANS – Rescue of a loggerhead sea turtle. Photo by Seaman Grace Baldwin.
As a result of the BP Oil Spill, it is expected that Louisiana’s real estate market will drop from five percent to 15 percent in the next 12 months. Home builders – who are still rebuilding – from the devastating effects of Hurricane Katrina have delayed or stalled numerous projects along the Gulf. According to real estate agent Carolyn Angelette, 100 of her clients have canceled their vacation rentals in Grand Isle, Louisiana, as stated on the blog, The Coming Depression. Other reports in Bay County have indicated that housing developments have simply stopped. Tom Ledman, president of the Home Builder’s Association of Panama City-Bay County stated there are no signs as to when construction will start up again [News Herald].
Louisiana’s job market is also estimated to be affected by the oil spill. Based on the “Economic Impact of the Moratorium and Oil Spill” study, it is estimated that 22,000 people will loss their jobs as a result of the oil spill with an overall loss of $8 to $15 million dollars per month – indicated by the surveys worst case scenario model. Jobs such as the fishing industry are also believed to take the biggest hit – bringing $500 million dollars in revenue to Louisiana, followed by processors and then the tourism industry, according to the survey conducted by the Greater New Orleans, Inc. The survey states that encouraging eco tourism, a positive vibe and not selling your home are critical during this disparaging time.
JEFFERSON PARISH, La. Bay Jimmy is one of the more impacted zones remaining in the area. Photo by Petty Officer 3rd Class Zac Crawford.
The issue at hand within the property market has plummeted across the southern coast of the United States. Hotels and home owners are having trouble keeping up with mortgage payments. Many media outlets have reported a total exposure of $136.4 billion to commercial real-estate owners and developers in affected states Alabama, Florida, Louisiana and Mississippi.
Follow us in a few weeks, as we weigh-in on how the oil spill has affected the real estate market in Alabama and Mississippi.
Sources and Additional Reading:
All photos are from Deepwater Horizon’s flickr page- http://www.flickr.com/photos/deepwaterhorizonresponse/
Dr. Phil's home -- listed at $16.5 million. (Photo Credit: Marc Angeles/Unlimited Style.com)
By Serena Norr
This weeks “Celebrity Beat” is packed with exciting real estate reports from New York to California. Starting in New York, Bill and Hillary Clinton have reportedly been eying a home in Bedford Hills (a mere eight miles from their Chappaqua estate). The Bedford Hills home will be quiet the upgrade for Bill and Hillary with 20 acres of land, 7,000-square-foot of living space and more importantly will provide the couple with “privacy and security.” In California, Dr.Phil (of the “Dr. Phil” show and “Oprah”) recently listed his Mediterranean villa for sale at $16.5 million for a larger casa in the Hollywood Hills. It was also reported that Gwyneth Paltrow and Chris Martins’ home was “stripped down” and recreated by the New York City design team, Roman and Williams — resulting in a space filled with shimmery textures and pastels. Lady Gaga also made this weeks Beat for reportedly leasing a Bel-Air home for $25,000 a month — an amount many of us would pay for a years worth of rent.
Exterior shot of Lady Gaga's new rental. She is leasing out the Bel-Air home for $25,000 a month. (Photo Credit: Zillow.com)
• Lady Gaga Renting Bel Air Home
The ever provocative pop star, Stefani Germanotta – better known as Lady Gaga – recently leased a Bel Air home for $25,000 a month. This rock star-style pad is situated on an acre of land that is both walled and gated and fully furnished, featuring a number of Marilyn Monroe pictures that don the walls. According to Zillow.com, the home is owned by real estate developer, “Lorne Leibel who purchased the home in 2004 for $3,150,031 that was later listed for $4,750,000 in 2009.” The 6,143-square-foot pad also features six bedrooms, eight bathrooms, marble flooring, fireplaces and an outdoor and raised pool next to a spacious deck. There is also an office, a library and a modern kitchen with a separate breakfast nook. There has been much speculation whether Gaga would be buying in New York, but it seems she is testing out a few places before she decides where she will relocate.
• Dr. Phil Lists Beverly Hills Home for $16.5 Million
TV Psychologist, Dr. Phil McGraw and his wife, Robin, have recently listed their gated Beverly Hills, California home for $16.5 million. This massive Mediterranean-style villa – covering a little over 11,000 square feet – includes eight bedrooms, seven bathrooms, a screening room, a pool room, a music room, a library, staff quarters, a beauty salon, fitness center and guest quarters with two bedrooms. The landscaped pool and massive backyard aren’t too shabby either. According to the Real Estalker, property records indicate that Dr. Phil “purchased the property in 2002 for $7,500,000…in cash.” Reports indicate that the home is for sale because the couple purchased another California property that they have “been admiring for years,” according to the Chicago Tribune.
Gwyneth's Paltrow's living room -- redesigned by Roman and Williams.
Gwyneth's Paltrow's breakfast nook -- redesigned by Roman and Williams.
• Gwyneth Paltrows’ $5.1 Million Dollar Home Redesigned
Hot designers, Roman and Williams, recently redesigned Gwyneth Paltrow’s and Chris Martin’s 4,400-square-foot TriBeCa penthouse. Purchased in 2007 for $5.1 million, the designing duo revamped the home by completing a “total strip down to stud and redesign” of the interior space to create a space filled with “light, moldings, glassy paint and fuzzy nap zones,” according to the designers blog. They also used shimmering silvers, whites and pastels throughout the space to create a romantic and elegant home for the actress, hubby musician and two kids. The space features three bedrooms, 3.5 bathrooms and a terrace and an impressive modern kitchen.
Bill and Hillary Clinton are looking to buy this Bedford Hills estate -- listed at $10.9 million. (Photo Credit: Zillow.com)
• Bill and Hillary Clinton Looking to Buy in Bedford Hills, New York
Bill and Hillary Clinton are looking to move from their Chappaqua, New York home a mere eight miles north to Bedford Hills. According to the New York Post, the Clinton’s have been seeking more space, along with a home that has “privacy and security,” which has been lacking in their Chappaqua, New York abode. This prospective Bedford Hills home nicknamed “Clover Hill” is described as an English country cottage with five bedrooms, seven bathrooms, numerous fireplaces, wood-beamed ceilings, horse stables, a heated pool, massive gardens and two guest houses all of which are situated on a lake. The Clinton’s will reportedly pay $10.9 million for this space – that also features an impressive 20 acres of land and 7,000-square-foot of living space.
Paul Allen's New Malibu Home -- Sold for $25 million (Photo Credit: Westside Estate Agency)
By Serena Norr
Whoa, baby it is sure hot over here in NYC (recent temps have hit the 101 mark), but even the scorching weather hasn’t slowed down the celebrity real estate market. One example: Paul Allen (co-founder of Microsoft) who recently purchased a $25 million Malibu, California. Not only is this contemporary mansion covered in glass and white stucco, but the home is located along the über luxurious Carbon beach aka “Billionaire’s Beach” — where music mogul David Geffen, Courtney Cox-Arquette and Jennifer Aniston also have homes.
If buying is out of your range, you can always rent like Tracy Morgan recently did. Or you can stay in Malibu — on a temporary basis — in Sharon and Ozzy Osbourne’s home. Then again, the $40,000 a month rental fee is a little out of our range. Stay cool and we’ll see you next week.
• Tracy Morgan On the Move…To Midtown
“Saturday Night Live” and “30 Rock” star, Tracy Morgan has recently relocated to a luxury condo in the West 50s. Morgan made the move after his previous Trump Place apartment went on fire (a fish tank lamp was to blame). His new $14,900 a month rental comes complete with “four bedrooms, three-and-a-half baths, private parking and a 1,000-square-foot terrace with views of the city” according to NYMag.com.
• Sharon and Ozzy Osbourne’s Home for Rent
The market for rentals is surging and this can also be said for celebrity homes. Sharon and Ozzy Osbourne recently listed their 4,500-square-foot Malibu home for rent for $40,000 a month for the rest of the summer. For approximately two months, you can reside in the rock star’s cottage complete with five bedrooms, five bathrooms and views of the ocean. The home also features a modern kitchen with stainless steel appliances, flat screen TVs, a fireplace and French doors leading to an outside area with a terrace and to-die-for views of the beach.
• Pierce Bronsan Puts His Malibu Home on the Market for $3.9 Million
Actor Pierce Brosnan of “James Bond” movies recently listed his Malibu mansion for sale for $3.9 million. His gated beachfront home “designed as an artist’s retreat,” according to the LATimes.com includes an office, a media room, a library, five fireplaces, three bedrooms and 3.5 bathrooms. The Mediterranean-style home also features several balconies facing the ocean and nearby mountains. There are no reports as to why Bronsan is selling his luxurious property.
• Michael Imperioli Lists NYC Townhouse for $6.995 Million
According to the NYPost, “Sopranos” star Michael Imperioli has recently listed his TriBeCa townhouse for sale for $6.995 million. Imperioli’s four-story, 4,720-square-foot home features four bedrooms, three bathrooms, high ceilings and a roof top-deck. On top of all of that, the cast-iron building is described as a “movie set” with draped curtains, gothic décor and an interesting color scheme of deep reds and purples.
• Paul Allen Purchases Malibu Home for Approximately $25 Million
Paul Allen (co-founder of Microsoft) recently purchased an oceanfront home in Malibu for $25 million. This modern home features a clean interior finish with floor-to-ceiling glass doors and white stucco. Located on a strip of the beach dubbed “Billionaire’s Beach,” the 5,800-square-foot home features five bedrooms, a deck with a pool, a gym and a screening room, according to the WSJ.com. Allen also owns numerous properties in Seattle.
David Siegel's Unfinished Mansion -- Listed "as is" for $75 million (Photo Credit: AP Photo/John Raoux)
Interior Shot of David Siegel's Unfinished Mansion -- Listed at $75 million (Photo Credit: AP Photo/John Raoux)
By Serena Norr
Welcome back to the Celebrity Beat. This week, you can rent Charlize Theron’s home for $50K or purchase Carol King’s Idaho ranch for $16 million. Alicia Keys is also selling her Long Island home; while Patrick Dempsey recently purchased one in Malibu for $7 million. And in the news of extreme homes, a mansion — whose construction was started by David Siegel — is currently being sold “as is” for $75 million. This uncompleted home is ready for the next owner who can finish this massive complex that includes space for 23 bathrooms, 13 bedrooms and 10 kitchens – and that’s just a sample of the many rooms the new homeowner will have to tackle. Anyone up for the challenge?
• Massive 90,000-Square-Foot Mansion on the Market for $75 Million
An unfinished 10-acre mansion nicknamed “Versailles” is currently on the market for $75 million. Construction of the Orlando home began by billionaire and Westgate Resorts owner, David Siegel, however further work on the home was stopped in 2008 due to the recession that greatly affected Sigel’s businesses. The mansion is currently being sold “as is” and listed as a “monument to unparalleled success.” Towering at 67 feet, the new owner will certainly have enough space with its 23 bathrooms, 13 bedrooms, 10 kitchens, a 20-car garage, a bowling alley, an indoor rolling rink, a gym and a two-story movie theatre. For an extra $25 million, the new owner can have a completed home, along with an extra $1.45-$1.74 million dollars in taxes a year – we are thinking that a sale of this nature may take awhile to complete.
• Charlize Theron Renting Malibu Beach Home
If you ever wanted to live in a celeb’s home, now’s your chance. Actress Charlize Theron has recently listed her cottage-style home for rent at $50,000 a month. Not exactly standard rental prices (even for Malibu), but her 2,095-square-foot home can be yours (temporarily), along with its three bedrooms, 2.5 bathrooms (one of which has a hot tub and spa), a fireplace and a private deck right on the ocean. The home also comes furnished whose pictures can be seen here. The posting did not indicate how long the rental terms would last.
• Patrick Dempsey Buys Malibu Home for $7 Million
Patrick Dempsey, one of the Mc’s on “Gray’s Anatomy,” recently purchased a home in Malibu, California for $7 million. This 5,547-square-foot home includes three bedrooms, 3.5 bathrooms, two offices, wood flooring, fireplaces and a private garden. The gated home, leads up to a cobblestone driveway whose property also includes a barn, a riding ring, a chicken coop and a garden.
• Singer Carol King Lists Ranch in Idaho for $16 Million
The 7,300-square foot ranch of Singer Carol King is currently on the market for $16 million. Located in Idaho, the ranch was first listed on 2006 and then taken off in 2008 for upgrades and renovations. On the market again, the home is sure to please nature lovers that is surrounded amongst a national forest and mountains. The 128-acre ranch includes five bedrooms, a deck overlooking a creek, two pools, eight guest cabins, barns and a log cabin recording studio that King herself built.
• Alicia Keys Selling Home for $3.85 Million
Singer/songwriter and sometimes actress, Alicia Keys recently put her 9,000-square-foot Long Island home on the market for $3.85 million. The single-family home—situated on 2.2 acres— includes seven bedrooms, 6.5 bathrooms, a den, a piano room, an office area and a three-car garage. The two-story Mediterranean home is well-secured by a gated fence and surrounded by trees. The home also features an outdoor area with a flourishing garden, deck, pool and an outdoor Jacuzzi.
Interior View of Jim Clark's Miami Penthouse - Listed at $27 Million (Photo Credit: Luxist.com)
Views of Jim Clark's Deck (Photo Credit: Luxist.com)
By Serena Norr
Another week of the Celebrity Beat, your weekly celebrity real estate report and this is certainty a luxurious one. From Jenny Garth’s family-friendly mansion for sale to Madonna’s home renovations reportedly costing $1.7 million, and not to mention a $27 million dollar Miami palace (yes, a palace) for sale owned by Netscape founder, Jim Clark. These real estate listings never cease to amaze us, and after reading about them (and taking a peak at these jaw-dropping pictures) we’re sure you will think so, too.
- Jenny Garth’s Toluca Lake Home for Sale for $5,995,000
Jenny Garth – of “Beverly Hills 90210” fame – and her actor hubby, Peter Facinelli are selling their six-bedroom, seven bathroom Toluca Lake home for $5, 995,000. This 8,416-square-foot Colonial-style mansion was originally purchased in 2005 for $2,850,000 that has been greatly expanded and remodeled for additional rooms and modern amenities. The multi-winged mansion also includes gated and fenced surroundings, two master suites with dual walk-in closets, a breakfast area leading to an outdoor rose garden, a formal dining area, four fireplaces, hardwood floors, a media/kids space, arched doorways and a game room with a poker table, bubble gum dispenser and a pinball machine! Oh, and there is a five-car garage and a swimming pool – among many other amenities the new homeowner will love. Toluca Lake, California is also known as being family-friendly, which may help draw in a new owner.
- Madonna’s Townhouse Will Receive Renovations for $1.7 Million
We all know who Madonna is and with an impressive 20-plus career as a singer/actor/writer/ sometimes provocateur, she obviously has some money to invest in real estate. Some of that hard-earned dough — to the tune of $1.7 million — is currently being put into the renovation of her $32 million dollar New York City townhouse. According to the New York Post, Madonna is adding another floor in her soon-to-be 13,847-square-foot Upper East Side home to include a gym, two brand-new master suites, a closest solely for luggage, a playroom, a hair salon and a wine cellar in the basement. At the end of the day, Madge will have 10 bedrooms and 13 bathrooms in her Georgian-style mansion. Not quite the renovations necessary to beef up your home for a sale, but when you have $1.7 mil to add a home hair salon and a wine cellar, we’re pretty sure this is something she is not worrying about.
- Faith Hill and Tim McGraw Sell Beverly Hills Home for $9.55 Million
Super couple and country/movie stars, Faith Hill and Tim McGraw, recently sold their Beverly Hills mansion for $9.55 million. On the market since 2008, the home was originally listed at $14.8 million, reduced to $10.8 million and finally sold for $9.55 million. The 11,000-square-foot Mediterranean-style home is situated on three acres of land and includes six bedrooms, 7.5 bathrooms and impressive views of Los Angeles. There is also a home gym, massive gardens, a tree house, tennis courts, a heated pool and a boat dock. For more jaw-dropping pictures, check out the Wall Street Journal.
- The Hawaiian Estate of the Late Author Michael Crichton is on the Market
According to Zillow.com, the Hawaiian estate of the late Michael Crichton has been recently put on the market for $12 million. Crichton, author of the popular novels “Jurassic Park” and “Congo” (both of which were made into movies) and creator of the television show “E.R.” passed away in 2008, left two homes that have since been listed for sale. Built in 1926 for a local doctor, this Hanalei Bay estate is situated on 1.2 acres of land, resembling a plantation home with three parcels (one is empty). The main parcel is a 3,000-square-foot space features a calming décor with mainly white cabinetry and hardwood flooring. There are also two bedrooms, two bathrooms, an open-aired porch, a guest home with two bedrooms and 1.5 baths, along with a yoga studio and detached three-car garage. The property is also surrounded by lovely views of mountains and the beach, as well as a flourishing garden and lush greenery in the backyard.
- Tales from the World of Luxury Real Estate: Jim Clark’s Massive Miami Penthouse Listed for $27 Million
Jim Clark, founder of Netscape recently listed his uber luxurious home for sale at $27 million. Located in Miami, the multi-level penthouse — or perhaps palace is a better term — is an ode to Thai and Asian cultures that is listed as a “Thai home in the sky,” according to Sotheby’s Realty. The 6,209-square-foot space is filled with ancient statues and artwork, unique architecture, custom wood carvings and dangling gold chandeliers situated throughout the space. Although spirited with an Asian-focus, the home is not short on modern amenities, which includes granite countertops, a billiard room, a high-tech security system, an open-aired deck with a swimming room, bar and a hot tub. Additionally, the property — called the Setai — comes with many on-site amenities such as a valet, room service, a fitness room and spa and three pools. And to top it all off, the new homeowner will have amazing views of Miami Beach and the boardwalk.
Missed a Beat? Check out Relocation.com’s recent blog posts covering the entertaining tales of celebrity real estate:
Exterior Shot of Former Church- Listed at $7.49 Million (Photo Credit: Zillow.com)
Living Room of Redesigned Church in San Francisco (Photo Credit: Zillow.com)
By Serena Norr
Homes for sale in the million dollar price range seem to be the theme of this week’s Celebrity Beat. From spacious mansions in Tennessee to Manhattan co-ops with secret passageways to a converted home that once was a church; we’ve got you covered with the latest real estate buzz. Check out the Beat and let us know what you think of these unique (and pricey) listings.
• Sheryl Crow’s Nashville Home on the Market for $7.5 Million
Purchased in 2008, singer Sheryl Crow recently listed her 154-acre Tennessee home for sale. Horse lovers will surely love this equestrian abode, equipped with a 14-stall barn with enough acres to practice riding, as well as sufficient space to let horses run free. The gated mansion/farm hybrid is marketed as a “solar home” according to Zillow.com that is” designed to reduce electric costs by 42 percent” thanks to its modern and energy efficient appliances. The home also features private quarters, fireplaces, a guest house, an outdoor pool, indoor riding arena, a state-of-the-art media room and a music studio.
• Penelope Cruz’s Home on The Market for $3, 695, 000
Actress Penelope Cruz recently put her Bali-style home on the market for $3,695, 000. Constructed in 1956, the Hollywood home features views of the Sunset Strip that Ms. Cruz has owned since 2005. The 3,334-square-foot one-story home features three-bedrooms and 3 1/2 bathrooms, bamboo flooring and French doors. There is also a tiled courtyard with a fountain, an outdoor pool with a heated patio, an office and a modern kitchen with a breakfast nook. Cruz is moving on since she already has other properties in Los Angeles and a home in Spain.
• Golden Girl-Rue Mc Clanahan’s Co-op on the Market for $2.5 Million
The New York City co-op of recently deceased Golden Girl is on the market for $2.5 million. Located in midtown Manhattan, the apartment is full of charm and unique attributes such as a “spice rack that turns into a secret passageway” and amazing views (and access to) a private garden, complete with professionally landscaped flowers and plants—functioning as a private oasis, according to CurbedNY.com. The apartment also features three bedrooms with a master suite, two baths, high ceilings, great lighting, a library and a modern kitchen.
• Alan Jackson’s Home Sold for $28 Million
Country crooner, Alan Jackson recently sold his Tennessee mansion for $28 million to multi-millionaire, Willis Johnson. Originally listed at $38 million, the mansion known as “Sweetbriar” is situated on 135 acres of land that features six bedrooms and seven baths. There are also five fireplaces, a 20-car garage, a private lake with its own boat house, three ponds, a gym and a separate guest log cabin with two bedrooms.
• Converted Church on the Market for $7.49 Million
Not a celebrity property but one that will surely cause the same jaw-dropping effect, especially since this Gothic-style building once functioned as a church. Built in 1910, the exterior appears to look like a church; however the interior space is a gorgeous updated single-family home with high ceilings, seven chandeliers, three bedrooms and two baths. This San Francisco home also features arched and long stained glass windows (some indication that it once was a church), along with modern amenities such as spacious kitchen, a den, a large dining room, two fireplaces, a wine cellar and a media room with a recording studio. The church home also features a six car garage and mahogany doors to welcome guests to this massive complex.
Diane's Keaton's Spanish-style home on the market for $10.95 million-Image from The Huffington Post
By Serena Norr
Yet another week of real estate buzz-Tina Fey, Will Ferrell, reality starlet Teresa Giudice and Diane Keaton are the talk of The Celebrity Beat. And with an Upper West Side condo on the market, a Spanish-colonial home for sale and a New Jersey foreclosure it’s easy to see why. Check out the Beat and let us know what property peaks your interest.
Will Ferrell recently purchased a loft in the West Village (13th street to be exact) for $4.2 million. In contract since March, the 2,699-square-foot loft features three bedrooms, two bathrooms, an open-aired study with a fireplace, maple hardwood flooring and a newly remodeled kitchen and bathrooms. Purchased by trustee Matt Lichtenberg, this luxurious New York City property was built in the 1890s that was converted into condos in 1998.
Purchased in 2005 for $1.9 million, Fey and her husband recently put their Upper West Side condo on the market as they upgraded to a $3.4 million five-bedroom condo in the same neighborhood. Now selling for $2.3 million, the 1,873 square-foot condo features two bedrooms with a private bathroom and two additional bathrooms with a 31-foot entrance way. The condo also appears to have some lovely hardwood floors, French doors, a guest bedroom, a fireplace, an eat-in kitchen and its own laundry facilities.
Real Housewives of NJ “reality star” Teresa Giudice has recently reported as having $11 million dollar in debt, ranging from home foreclosures and bankruptcy The old spending more than you make is to blame here with reported earnings of $79,000 per year and $104,000 in credit card debt, fertility payments, car payments and real estate debt of $2.6 million. Zillow.com via the New York Post is reporting that her Towaco, New Jersey home (valued at $616,000) is going through the foreclosure process as Giudice and her husband have not been making mortgage payments.
Academy Award-winning actress Diane Keaton has reduced the price of her home from $12,995,000 to $10,950,000. Although we still can’t afford such luxurious digs, her impressive casa is sure to draw in a buyer, especially as Zillow.com noted “her hobby is buying historically interesting homes in California and renovating them.” Designed in the 1920s, the 9,000 square-foot Spanish Colonial home features seven bedrooms, nine bathrooms (wow!), an entryway converted into a library, a courtyard with a fountain, media room, a den, a pool and Keaton’s design touches featured throughout the home.