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Category Archive: ‘Interesting Houses’

$500,000,000

500M

One of the biggest homes in U.S. history is rising on a Los Angeles hilltop, and the developer hopes to sell it for a record $500 million.

Nile Niami, a film producer and speculative residential developer, is pouring concrete in L.A.’s Bel Air neighborhood for a compound with a 74,000-square-foot (6,900-square-meter) main residence and three smaller homes, according to city records. The project, which will take at least 20 more months to complete, will exceed 100,000 square feet, including a 5,000-square-foot master bedroom, a 30-car garage and a “Monaco-style casino,” Niami said.

Estates with views of the Los Angeles basin are the California counterpart to Manhattan’s penthouses or London’s Mayfair manors, drawing a global cast of financiers, technology tycoons and celebrities who collect trophy homes like works of art. Around the world, five properties sold for $100 million or more last year, and at least 20 others have nine-figure asking prices, Christie’s International Real Estate reported last month.

The priciest home ever sold was a $221 million London penthouse purchased in 2011, according to Christie’s. The most expensive properties on the market include a $425 million estate in France’s Cote d’Azur, a $400 million penthouse in Monaco and a $365 million London manor.

Whether Niami can get more than double the previous record for his mansion remains to be seen.

“I’m skeptical,” said Jonathan Miller, president of appraiser Miller Samuel Inc. and a Bloomberg View contributor. “My first reaction is laughter. But we’re in this perpetual state of surprise as new thresholds are broken.”

500MM

Read full article here:

http://www.bloomberg.com/news/articles/2015-05-26/california-dreaming-record-500-million-tag-on-l-a-home

Posted by on May 27, 2015 in Interesting Houses | 0 comments

Up House

Thanks daytrip and Susie!

http://www.cnbc.com/id/102601704

It is a classic story of David versus Goliath—the real estate edition. Only this time, David, a 600-square-foot Seattle home, may not emerge the victor, as the hours tick down to the end of an auction that will leave the structure’s future uncertain.

From a week ago:

SeattlePI.com reported that although five interested bidders were at the King County Administration Building on Friday morning, ultimately no one placed a bid, prompting the house to return to its beneficiary who owes just less than $186,000 on the property.

Bidders explained any purchaser of the property would have had to assume the first deed of trust, which would have amounted to an additional $300,000 on top of the opening minimum bid of $216,270.70, SeattlePI.com added.

http://www.foxnews.com/us/2015/03/13/up-house-attracts-no-bidders-could-be-torn-down/

Posted by on Apr 21, 2015 in Interesting Houses | 3 comments

Scandalous

criminals

http://www.wsj.com/articles/the-mansions-owned-by-white-collar-criminals-1429199709?mod=WSJ_hpp_MIDDLE_Video_Top

The 2000s saw a tidal wave of corporate scandals in which some of the world’s top business titans moved out of their palatial homes, ritzy ski lodges and vast ranches and checked into prison cells.

Enron, Tyco, WorldCom, Bernard L. Madoff Investment Securities—in these cases, executives bilked investors of billions through accounting fraud, conspiracy and insider trading. And part of the proceeds went into real estate.

What became of their mansions? We reached out to case lawyers, county tax offices, real-estate agents, new owners and the fallen executives themselves to ask what became of the properties caught up in the scandals.

Read full article here:

http://www.wsj.com/articles/the-mansions-owned-by-white-collar-criminals-1429199709?mod=WSJ_hpp_MIDDLE_Video_Top

Posted by on Apr 17, 2015 in Interesting Houses | 1 comment

More Shipping Containers

smoky

A new restaurant due to open in the US is claimed to be the largest in the country to be built using shipping containers. The Smoky Park Supper Club in Asheville, North Carolina, is constructed from 19 containers and was built by shipping container construction firm SG Blocks.

They think they could have built it in 1.5 days, but they took their time and did it in three days instead – here is the time-lapse construction in 45 seconds:

Posted by on Apr 11, 2015 in Interesting Houses, The Future, This Is America | 0 comments

Luxury Dirt

linda

Architects are taking rammed-earth home design far beyond the dirt-plain adobe look—creating walls that are almost sculptural in their complexity and scale.

It took 300 tons of decomposed granite to build the 72-foot-long rammed-earth wall that forms the spine of Linda Low’s 7,800-square-foot home in Scottsdale, Ariz. Light from a narrow, 110-foot-long skylight—diffused by reflective silver-leaf panels—plays on the wall, which sparkles with bits of mica. “At any time of the day, I can look at it and see something different—and it’s never the same any day,” said Ms. Low, 72, who built the house on 10 acres with her husband, Mickey. “It gives me a sense of tranquility.”

Ms. Low estimates that they spent close to $2 million on the 1997 compound—designed by architect Eddie Jones and rammed-earth builder Quentin Branch.

She recently put the house on the market, but then took it off—after turning down an offer that was more than double the cost to build, she said. “I just decided I’m not selling—I love this house too much,” she said.

http://www.wsj.com/articles/rammed-earth-luxury-homes-1427989394?mod=WSJ_hpp_sections_realestate

Posted by on Apr 8, 2015 in Dirt Sales, Interesting Houses | 2 comments

Two Open Houses Today

2015-03-28 17.38.53

Pernilla Lindberg, above

If you have any interest in golf, or just like a good walk in the park, stop by the final round today of Kia Classic at the Aviara Golf Club in Carlsbad.

It is a challenging course, yet all but seven of the finalists are under par – and the leader, Mirim Lee, is 16-under!

We will be having open house right by the main entrance to golf, so stop by!

Mallard golf map

The single-level house at 1341 Mallard has been rejuvenated with new paint and fresh landscaping, and the price is down to $1,495,000.  Open house is 12-3pm – stop by!

1341-mallard-court-055

1341-mallard-court-027

http://www.sdlookup.com/MLS-150007764-1341_Mallard_Ct_Carlsbad_CA_92011

We’re also having open house 12-3pm at 6337 Greenhaven, which is the lowest-priced house for sale in Bressi Ranch at $291/sf.

6337-greenhaven-drive-001_web

http://www.sdlookup.com/MLS-150014431-6337_Greenhaven_Dr_Carlsbad_CA_92009

Posted by on Mar 29, 2015 in Interesting Houses, North County Coastal, One-Story, Thinking of Buying? | 4 comments