From the homes of celebrities like Matt Stone and Princess Margaret to new build projects in Miami and beyond, there’s always something new happening in the real estate world. In this summary, AD PRO provides everything you need to know.

Albert Azouz

Rosarian Stephen Scanniello collaborated on the leafy grounds with Tom Curruth, a gardening expert who has cultivated more than 100 varieties of roses.

On the market

South Park creator’s former home listings for $6.5 million

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A home in Venice, California that was once owned by South Park co-creator Matt Stone has just gone on the market for $6.5 million.

Located on an enviable corner lot in Venice’s southernmost Silver Triangle, this recently renovated Danish Modern-style home offers three bedrooms, four and a half bathrooms. Highlights include stained concrete floors, hand-made tiles by ceramist MaryMar Keenan, and mahogany doors and windows by Tischler und Sohn. The garden is a collaboration between Stephen Scanniello, curator of roses at the New York Botanical Gardens, and Tom Carruth, who holds the same post at The Huntington in San Marino, California.

There is also a self contained structure which currently serves as a three car garage but could be converted into an art studio, office or guest house. Billy Rose from The Agency has the listing.

Trevor Tondro/The Fridman Group

LA Reid sells ultra-modern Bel Air mansion for $21.5 million

Superstar producer LA Reid has put his secluded Bel Air mansion up for sale for $21.5 million. Reid, whose associates included Janet Jackson, Mariah Carey, and Jennifer Lopez, purchased the seven-bedroom property in 2016, shortly after construction was completed. Compass’s Tomer Fridman and Sotheby’s International Realty-Beverly Hills Brokerage’s Chantel Mehrabanian share the listing.

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The new taste: Visit AD experts at the kitchen workshop

The three-story stucco and stone structure features more than 11,200 square feet of living space — accessible via an elevator or suspended staircase — and an underground parking garage with space for four vehicles. There’s also a staggering 10 bathrooms — including a spa-like restroom with a walk-in infrared sauna and red-light therapy machine.

“We’ve seen many homes, but none quite as magical as this one and in a setting as alluring as this one,” said Reid’s wife, Erica Reid, who was very handy with the design choices.

Some of the furniture is by mid-century modern designers Vladimir Kagan and Christian Liaigre, and the Reids are open to selling many of the items along with the house.

The couple didn’t do much renovation, but installed a scarlet home theater inspired by the art deco decor of Paris’ Hotel Costes. They first listed the property in 2019 for $22.9 million and have since listed it on and off the market multiple times — most recently in 2022 when it listed for $21.95 million.

Concierge Auctions

The former residence of Princess Margaret of Denmark and Prince René of Bourbon-Parma features amenities like an oasis-like in-ground pool and stunning views of Cap Ferrat.

Princess Margaret of Denmark’s French fortress is up for auction

The French Riviera estate where Princess Margaret of Denmark lived for decades is up for auction. Known as “La Carriere”, the six bedroom mansion is located in Villefranche-sur-Mer, nestled between Monaco and Nice. It was actually built into the stone walls of an existing fort in the 1920s and offers the ultimate in royal privacy.

A cousin of England’s Queen Elizabeth, Margaret lived mostly in France with her husband, Prince René of Bourbon-Parma, until her death in 1992 at the age of 97. (The family fled La Carriere during World War II and took up temporary residence in New York.)

The historical character of La Carriere is emphasized by the arched windows, the antique high beamed ceilings and the large fireplace. However, if the new owners feel cramped, they can enjoy unparalleled views of the Mediterranean Sea from multiple terraces and a rooftop hot tub.

There is no reserve, but the property was previously listed for $13.1 million. The bidding process opened yesterday at Concierge Auctions.

The houses were featured in a July 1997 issue of AD.

Elliott Rosenblum designed both houses.

Then and now in Larchmont

Much has changed in the quarter century since 61 and 65 Woodbine Avenue appeared in the pages of Architectural Digest. The two homes, which form a single estate in Larchmont, New York, were the work of architect Elliott Rosenblum, known for designing stores for Barneys, Calvin Klein, and Saks Fifth Avenue.

His client was a Westchester County psychotherapist who was relocating and wanted a space that was “comfortable enough for two but able to accommodate her and her husband’s extended friends and family,” according to the original 1997 article.

Framework Home

The two-home property includes over 11,000 square feet of living space.

Rosenblum’s solution consisted of two clapboard-style homes that would be right at home in Nantucket: a 7,500-square-foot, 13-room main house where the two could spend the warm months, and a 4,000-square-foot, 10-foot “cabin.” where they could overwinter.

The original 1907 structures on the property were stripped down to their foundations to make way for Rosenblum’s lavish design. Now on the market for the first time, both residences are listed at Carey Federspiel of Julia B. Fee Sotheby’s International Realty for $6.8 million.

A comparison of the original 1997 footage of the route and new photos taken that year shows that while the world outside is very different, these houses are much the same.

Framework Home

The ceiling of one of the property’s main bathrooms.

“The eyebrows, the domes, the antique hardwood floors, and the furniture are all there and beautiful,” says Federspiel. “The wood in the house wasn’t whitewashed or painted gray like so many houses have been in the past decade.”

In fact, the only things that have grayed are the cedar shingles, which have naturally weathered their original brown.

style

The Frank Lloyd Wright Foundation enters the shoe industry

You may not be able to afford a Frank Lloyd Wright house, but you can walk in his shoes – literally. In April, the Frank Lloyd Wright Foundation collaborated with fashion brand Kith on a capsule collection. The New Balance Made in USA 998 sneaker is offered in two colorways, including off-white and the brick red, apricot and olive green tones of Broadacre City, Wright’s unbuilt futuristic city concept.

Priced at $220 a pair, the shoes sold out quickly, Fast Company reported, and have turned up on eBay for as much as $750.

Kith also designed two t-shirts, one with a Wright-inspired sketch on the front and one with the foundation’s logo. The collection’s advertising campaign was shot on location at Taliesin West, Wright’s studio in Scottsdale, Arizona, and features on-site employees as models.

News

Rents are coming back down to earth

According to a report by real estate portal Zumper, a record number of new rental apartments came onto the market in April 2023, which also suggests that rental prices are beginning to normalise. At $1,495, the nationwide median rent for a one-bedroom apartment has remained flat since March and is up just 6% year-on-year. That’s a very different picture from the double-digit gains seen in 2021 and 2022. The median price of $1,842 for a two-bedroom unit is just half a percentage point higher than last month.

Indeed, April was the sixth consecutive month of moderate volatility, with the median studio rent falling in 39 of the top 100 markets. “The rollercoaster days of the pandemic, with wildly unpredictable price changes associated with mass migrations, are behind us,” the report said.

Of course, some things remain the same: New York tops the list of most expensive US cities with an average rent of $3,570. Jersey City is less expected to rank second with San Francisco, with an average rent of $3,000 for a one-bedroom apartment.

Miami ranked fourth with an average one-bedroom rent of $2,840. That’s only a 6% increase from March, but a whopping 61% increase from January 2020, when the median rent for a one-bedroom home was just $1,760.

The post Princess Margaret of Denmark’s French Fortress Goes to Public sale, Matt Stone’s Former Venice Pad Lists, and Extra Actual Property Information appeared first on DAILY SAN FRANCISCO BAY NEWS.

King Mountain Estate, Kentfield, California

140ac Ridgetop Package, 12 miles from the Golden Gate Bridge

No other property in the Bay Area can compare

Create the legacy connection of your wildest dreams

360-degree panoramic views of San Francisco, Marin County, the bay and bridges, and the mountain. Tamalpais

Incredible property not to sell a reserve in April via concierge auctions in partnership with renowned agent Steven Mavromihalis of Compass Real Estate.

Fully vested and entitled, the new owners will be in the fast lane to create the lifestyle of their dreams. King Mountain is the Bay Area’s last / best unicorn trophy item. “

– Steven Mavromihalis, Listing Agent

NEW YORK, NEW YORK, UNITED STATES, March 31, 2021 /EINPresswire.com/ – Known as “the last unicorn” of San Francisco Bay, King Mountain Estate is the only one of its kind in California’s luxury real estate market in the region – will be sold to the highest bidder on April 27th. The package is simply unparalleled and competes with any trending real estate property in the world. Hundreds of feet above the bay on a prominent promontory west of the mountain. Tamalpais, King Mountain Estate offers its next owner an opportunity to develop a legacy beyond compare. Future owners receive incomparable privacy and an unrestricted view in all directions, embedded in tens of thousands of hectares of public open space. This secluded location also provides a connection north of the city of San Francisco. The property was well known and once owned by Herb Boyer, co-founder of Genentech and “father” of the biotech industry.

Bidding for this unique opportunity will be online April 22-27 through Concierge Auctions’ global digital marketplace, ConciergeAuctions.com, which allows buyers to bid remotely from anywhere in the world. The property, which is held by Compass Real Estate in partnership with renowned realtor Steven Mavromihalis and is currently listed for $ 25 million, will be sold to No Reserve to the highest bidder.

“King Mountain is the crown jewel of the Bay Area Estate. No other property combines the privacy, views, and verdant nature of King Mountain – amid thousands of acres of public space, abundant water supply and the ability to live entirely off the grid. Just minutes away from shopping, cafes and restaurants and only 12 miles north of the Golden Gate Bridge, “explained Mavromihalis.” This auction gives an exceptionally creative entrepreneur the opportunity to develop one of the most extraordinary legacy connections in the world and entitle new owners to become be in a fast lane to create the lifestyle of your dreams. King Mountain is the Bay Area’s final / best unicorn trophy item. And as such, it’s truly a once in a lifetime event – lifetime opportunity. “

The 140-acre property features redwood groves, madrone forests, bays and oaks, as well as a variety of native flora and fauna, and adjoining access to hundreds of kilometers of hiking trails through tens of thousands of acres of Marin County’s famous public open spaces. The 32-acre building shell extends over the ridge line and offers a 360-degree panoramic view of the city of San Francisco, the bay and bridges, the East Bay, South Marin, Mount Tamalpais and the surrounding nature. With vested development plans, there is the possibility of establishing a legacy connection that is unparalleled in the Bay Area.

Additional features include an entrance gate; Electricity, water, gas, internet and telephone connections at the base of the property; a fully fenced interior land area that includes all building envelopes and two exit fire routes; Access to over 80,000 acres of public open space with a winding walking path around the base of the property; five on-site water wells, one of which was designed for construction; a vested claim that includes large areas for landscaping and support structures for outdoor areas that go beyond improving living conditions, as well as a large pond, access roads, vineyards, water tunnels, belvedere structure, horse hurdles, paths and plantings; and short periods of construction activation by the Marin County Community Development Agency and Marin County Building Permit Agency.

“Mavromihalis and our team considered several options to best bring this unprecedented opportunity to the right buyer,” said the spokesman for the trust. “We hired Concierge Auctions because of their nontraditional approach and their ability to grab the attention of luxury property buyers of the highest quality. In one of the world’s most affluent regions, this sublime ridgetop package rises above all other luxury properties. I am confident that the combined global reach of Concierge Auctions and Compass Real Estate will identify a person as unique as this property – someone who not only understands its value but also has the vision and passion to have a remarkable future here to accomplish. “

The property is just minutes from San Francisco and even closer to the quaint towns of Kentfield and Larkspur. However, it is surrounded by thousands of undeveloped public open spaces. King Mountain Estate offers an irreplaceable combination of metropolitan luxury and culture, small town community life and convenience, and an off-grid return to nature. In addition to having a prestigious public school system, residents of King Mountain Estate are close to some of the best private schools in California.

“While there are many incredible residential areas in the Bay Area, there is only one King Mountain Estate,” said Chad Roffers, chairman of Concierge Auctions. Above $ 25 million alone, the pool of buyers is particularly limited. Our platform is an additional tool for sellers, buyers and agents who deliver results within 60 days. A more traditional route often takes years for this caliber property in the market with global resources, we are able to identify the right buyer for such a property who can then pursue an opportunity that may never come back. “

The King Mountain Estate is available for qualified private personal tours and virtual demonstrations by appointment.

As part of Concierge Auctions’ Key for Key® donation program in partnership with Giveback Homes, the deal will result in a new home funded for a family in need.

Concierge Auctions offers a commission to real estate agents representing buyers. You can find detailed information in the auction terms and conditions. For more information, including property details, tours, due diligence documents, and more, visit ConciergeAuctions.com or call +1.212.202.2940.

# # #

About Steven Mavromihalis
With more than 35 years of brokerage experience, Steven is consistently rated as one of the best luxury agents in the country. He and his team have discreetly represented world-renowned entrepreneurs, public and private sector executives, financiers, international investors, entertainers and athletes in buying and selling some of California’s most iconic real estate. Always delivering unparalleled value and service to every customer.

Steven is a graduate and committed supporter of the University of California at Berkeley and Stanford University, where he holds a total of four undergraduate and graduate degrees.
Although Steven is blessed in many ways, he finds his greatest inspiration and joy in humble service to his family and community.

Via concierge auctions
Concierge Auctions is the world’s largest auction house for luxury real estate with state-of-the-art digital marketing, real estate preview and bidding platforms. The company brings together sellers of unique real estate with the world’s wealthiest real estate connoisseurs. Sellers gain unmatched reach, speed, and security. Buyers get incredible offers. Agents earn their commission within 30 days. Since its inception in 2008, Concierge Auctions has generated billions of dollars in sales, broken four world records for the most expensive homes ever at auction, and expanded operations in 44 states / territories and 31 countries. The company owns the most comprehensive and intelligent database of high net worth real estate buyers and sellers in the industry and has made more than 300 apartments available to date as part of its Key For Key® donation program in partnership with Giveback Homes . This guarantees that for every property, which the company sells, a new home for a needy family is financed. More information is available at ConciergeAuctions.com.

About compass
Compass is a leading national real estate technology company, providing tools and services to help real estate agents grow their business and better serve their clients. As one of the largest groups of small business owners in the country, real estate agents use the end-to-end Compass platform to improve their productivity and manage their business more effectively. Compass currently serves over 15,000 real estate agents in over 100 U.S. cities responsible for over $ 91 billion in real estate transactions in 2019. For more information on how Compass powers one of the largest groups of business owners in the country, visit www .Compass.com.

Emily Roberts
Concierge auctions
+1 212-202-2940
email us here

King Mountain Estate | San Francisco Bay Area, California

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The post ONE-OF-A-KIND, 140-ACRE SAN FRANCISCO BAY AREA ESTATE TO AUCTION TO THE HIGHEST BIDDER appeared first on DAILY SAN FRANCISCO BAY NEWS.