There’s an old investment adage: Buy when people are selling and sell when people are buying.
On July 14, 2017, there was a fire at the Marco Polo high-rise in Honolulu that damaged some 200 units and will cost approximately $100 million to repair. It wasn’t the first. There was also a fire just four years prior in 2013 causing $1.1 million in damage. There are no sprinklers in the 1971 building. After the first fire, the HOA got an estimate to retrofit the building with sprinklers. The average cost was $8,000 per unit or roughly $4.5 million. After this fire, I think it’s highly unlikely a sprinkler retrofit wouldn’t happen. I suspect insurance companies would demand it.
Doesn’t exactly smell like a dream Hawaiian getaway, does it? What it should smell like is opportunity.
Vail Valley is renowned for its natural beauty, and much like its surroundings, this Northwoods ski-in/ski-out condo with views of the Gore Range does not disappoint. Ideally located at 600 Vail Valley Drive Unit A106 sits this stunning two-bedroom, three-bathroom gem with 1,457 square feet of living space just minutes to all things Vail, Colorado.
Long Cove on Cedar Creek Lake, one of the country’s premiere waterfront communities located just an hour southeast of Dallas, recently announced plans for a new putting course, which will be the second-largest putting green of its kind in the country and the third largest in the world. Designed by renowned golf course designer David Zinkand, the putting course, which is named “Thistle Never Dhu,” was carefully designed to allow golfers of all ages and skill sets to practice while enjoying time with family and friends. The course will be completed in spring 2018.
“Thistle Never Dhu will provide challenges and fun for all of our owners and their guests, whether they’re accomplished players, like some of our owners, or those who have never picked up a club,” said Long Cove founder Don McNamara. “We wanted to build something unique to Texas that would challenge competitors but would also appeal to the whole family.”
It’s a house that has one foot in history, and one foot in the future — and the amazing second shelter or even vacation rental income property potential of this nearly four-acre estate in Las Cruces, New Mexico makes it a must-see.
The home includes a main house and guest house, and when you consider everything it comes with, the $850,000 price tag makes it a bargain. It’s self-contained enough to provide plenty of entertainment on the grounds but is also close to wine festivals, book festivals, fairs and more if you venture into town.(more…)
Nine years before Sammy Hagar purchased nearly 10 acres on Maui, he helped pen Why Can’t This Be Love for Van Halen’s “5150” album, perhaps presaging the purchase. It was the band’s first album featuring Hagar, who had replaced David Lee Roth. Oddly enough, it was about this time that I’d run into Hagar at the Versace store in Chicago.
A friend and I were upstairs in the men’s department trying on fabulous, though gawd-awful-expensive clothes we had no hope of buying. All the while, our salesman/friend plied us with (free) champagne from the store’s bar. A fun Saturday. Hagar and entourage came in and set up shop at the other end of the room. We were laughing and carrying on while another salesman helped them. A very staid group, they kept looking over, we assumed wondering who the heck we were. Being more Eurythmics than Van Halen, we didn’t really pay them any mind. Such was life at 24.
Sit back, relax, and drink in the views. With the timelessness of a European masterpiece, 1548 La Via Favorita affords a rare combination of exquisite natural beauty atop a dreamy 230 acres, in a private secluded location just minutes from Vail and Beaver Creek ski resorts.
“This is a truly timeless legacy estate that is perched atop vast and pristine acreage with unsurpassed views of every sought-after mountain range in the Vail Valley,” says co-listing agent Malia Cox Nobrega who represents the property alongside Barbara Scrivens – both from LIV Sotheby’s International Realty.
Why now Viceroy Snowmass? Last December, Snowmass Base Village acquired the Viceroy Snowmass, per Trip Advisor Snowmass Village’s No. 1-rated hotel. They’re just completing $3.5 million in renovations in its public areas, including adding a new Pan-Latin restaurant from Richard Sandoval, a new coffee shop, and a new fitness center, too. In the spring, they’ll be upgrading the swimming pool and hot tubs, and reopening outdoor slope-side dining space.
Snowmass Village is celebrating its 50th anniversary this year. The Colorado resort boasts 94 trails, the largest vertical descent of any resort in North America, and a new 5,700-foot, rider-controlled alpine coaster opening this December. Snowmass is operated by the Aspen Skiing Company. With one lift ticket, one can ski four mountains in the area: Snowmass, Aspen, Aspen Highlands, and Buttermilk. Snowmass Village residents have ready access to the town of Aspen’s famed high-end restaurants and boutiques at a generally much more approachable price. (Realtor Chris Klug of Aspen Snowmass Sotheby’s International Realty covers this topic extensively in the third quarter market report posted on his site.)
With that in mind, we’re taking a look at the premium private ownership option at the Residences of the Viceroy Snowmass Resort. Luxury, yes, but with unit sizes and pricing in a wide range: (more…)
The Teunis Slingerland House has its roots with the earliest settlers of what would be the United States.
A home that has its foundation — literally — with one of the first settlers in what would become the United States is now up for grabs in New York.
Known as the Teunis Slingerland house, the original homestead was built after Teunis Slingerland purchased almost 10,000 acres of land near the Hudson River from a Mohawk tribe in what is now New Scotland, New York.(more…)