Category Archives: Real estate market news
A week or so ago, our contributor Dallas Addison, an attorney and vacation home property developer/consultant, gave us the Aspen report and said that vacation home communities are getting greener, more sustainable, because they have to to stay in business.
It’s that time of year, temperatures are falling in Dallas, snow is falling in the mountains of Colorado. Halloween is behind us and our thoughts turn to a ski getaway. Whether you prefer two boards, one (or for that matter, hot chocolate and hot toddies in the lodge), Aspen is one of those special spots that simply delivers the goods for North Texans. Known as a bellwether in the second home industry, it’s a well-known playground for the rich and famous. Aspen even has it’s own private jet company, Sentient Jet, now the official Private Jet Provider of Aspen/Snowmass, with cardholder benefits. If holiday bustle is your gig, book during Christmas and New Year’s, hope for great early season snow and enjoy the spectacle. At other times, the crowds are more manageable and the skiing and boarding are almost always outstanding.
You have heard me bragging on 3RD Home on these pages before.
3RD Home (see ad to right) is a web site for second home owners that expands second home ownership by creating a home swap of vetted vacation home owners and properties. It’s like belonging to your very own Exclusive Resorts, only more exclusive. You must already be a second home owner — condo, home, ranch — and then you can exchange your home to stay at a THIRD home for — are you ready? $495 a week. That is not a typo. It costs you $495 to join 3RD HOME, and then $495 per week per stay at a home that matches the value, categorized as keys. I might add this must be full home ownership on your part, no family timeshares like our beach house. All the homes and owners are scrutinized so you know you are not just getting a five star location, you are putting nice people just like yourself in your property.
SecondShelters.com welcomes its newest expert contributor, Dallas Addison, who really IS from Dallas, Texas!
My name is Dallas Addison, and my passion is real estate. I’m trained as a lawyer and have helped many clients throughout the country buy, sell, develop and manage all types of real estate over the years, with a particular focus on recreational and hospitality-based real estate, such as golf courses, resorts, ranches, second homes, etc. I’m also a founding principal of Preservation Land Company, which has created several incredible (if I may say so) conservation-based recreational ranches near Dallas and worked on projects in Montana, Hawaii and New Mexico. On the educational side, I’m a long-time member of the Recreation Development Council of the Urban Land Institute, a global organization of leaders in the real estate industry whose mission is to provide leadership in the responsible use of land and in creating and sustaining thriving communities worldwide. Continue reading
Long Cove on Cedar Creek Lake: Clearly the Most Remarkable Vacation Home Spot in North Texas for Old Fashioned FUN
Don McNarama does real estate developments, and he does them right. He is the investor responsible for Dallas’ well-known CityPlace, which includes the West Village urban developments. West Village has become a virtual synonym for successful urban commercial real estate development. If I had a dime for every time a developer said to me, “we are building a West Village-type community…” I’d be, well, McNamara’s neighbor.
We probably know it deep in our gut, but luxury vacation homes built on the water cost 63% more, on average, than similar properties that are land-locked. This from a global property consultant, Knight Frank, who scrutinized the ten most popular second home destinations around the world.
What a gorgeous property! For me, it’s love at first sight when I looked at the photos of Clay Hill Ranch, a 4,600-plus-acre tract in Freestone County, southeast of Dallas. Marketed by Hortenstine Ranch Company for $17.5 million, it’s the largest ranch in Freestone, and bigger than any other continuous property in the surrounding area.
The Largest Second Home Development in the Western Hemisphere Closer to Completion: Baha Mar, the Bahamas
Baha Mar is a $3.5 BILLION mega-resort under construction now in Nassau, The Bahamas. Thousands of construction crews are working around the clock, working so diligently they add one full story to the hotel towers every ten days. It is the largest resort under construction in the Western Hemisphere and has been described as Vegas with 3000 feet of beach.
A New Place to Find Vacation Home Deals: Dallas-Based Heritage Auctions Now Auctioning Homes as Well as Collectibles, Art
Fasten your seatbelts, get your reserve ready! I have told you all about real estate auctions, and I predicted we would be seeing a whole lot more. Real estate auctions are a great way, in fact, maybe the only way, to unload big, kinda albatross-y homes, as well as your standard multi-million dollar fare. Best example, of course, is Champ D’Or which sold at auction last March 31 in Hickory Creek.; whose contents were just sold off last week. Often the owners are high net worth individuals who dabbled, or rather, over-dabbled in building, went a little too high end, or built in a location that turned out to be just plain WRONG!