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Revolutionize Your Global Banking with SouthBanking!
| | Discover the power of SouthBanking's innovative platform. Manage multi-currency accounts, digital tokens, and seamless international transactions with ease. Enjoy secure, efficient, and accessible global banking tailored to meet your needs. Whether for personal or business use, SouthBanking simplifies your financial operations and puts you in control. | | | | | $2.5 Million Penthouse Sold in Iconic LA Loft | | | | A Slice of Hollywood History A standout penthouse within the legendary Eastern Columbia Lofts in downtown Los Angeles has found a new owner for $2.545 million. Located in the heart of the city, the 2,500-square-foot, split-level condo is the largest of five penthouses once owned by a prominent Hollywood figure. The building, known for its stunning Art Deco architecture, remains one of the most recognizable structures in Los Angeles.
Eclectic Design and City Views This unique unit offers two bedrooms, three bathrooms, and a galley-style kitchen, complete with a private terrace that overlooks the bustling city below. The original design of the penthouse is complemented by personalized touches, including added doors that connect different spaces, providing a flowing, open feel. With sweeping views of downtown Los Angeles, the penthouse offers a private sanctuary in the middle of the city’s vibrant life.
A Legendary Property The Eastern Columbia Lofts, with their striking blue exterior and historic charm, have long been a coveted address for those seeking an upscale, architectural statement in LA. The property’s original developer sold the penthouses to their famous owner between 2007 and 2008 for around $7.2 million, and it has since gained a reputation as one of the most iconic loft buildings in Los Angeles.
Remaining Units Still Available While one of the penthouses has been sold, the remaining four units are still available for purchase, either individually or as a collection. Each unit retains its unique character, offering an opportunity for buyers to own a piece of LA history in one of the city’s most sought-after addresses. | | | | Reach Your Ideal Audience Today | | Position your brand at the forefront of elite finance and technology communities by partnering with Wealth Daily Newsletter.
Since its launch in July 2022, Wealth Daily has become a trusted resource for High Net Worth Individuals (HNWIs), Family Offices, Venture Capitalists (VCs), and Asset Managers navigating the complex landscapes of business, finance, technology, and AI.
With a highly engaged subscriber base spanning the U.S. and Canada, concentrated in financial and tech hubs like New York, Silicon Valley, and Toronto, advertisers gain direct access to affluent decision-makers who prioritize innovation, investment opportunities, and industry insights. Leverage this exclusive platform to connect with a discerning audience that values impactful messaging, exclusive events, and cutting-edge trends. | | | | | Exquisite West Village Townhouse on the Market for $7.5 Million | | | | A Classic New York Gem Nestled in the heart of Manhattan’s coveted West Village, a charming townhouse is available for $7.495 million. This 2,800-square-foot residence offers a rare opportunity to experience the quintessential New York lifestyle with unparalleled appeal, combining historic charm and modern luxury.
Unmatched Elegance and Features Built in 1833, this townhouse features four gas-burning fireplaces, a spacious back patio, and a large roof that can easily be transformed into a sun deck. Inside, a chef’s kitchen and a spa-like master suite add to the home’s allure, providing both comfort and sophistication. Original wrought iron hand railings enhance its timeless beauty, while the property has been meticulously restored and modernized.
A Storied Past and Prime Location Although the home has a rich history, with multiple listings since 2007, it remains a prime piece of real estate in one of New York’s most desirable neighborhoods. Over the years, the property has fluctuated in price, attracting a range of high-profile tenants and buyers. Despite its pedigree and location, the townhouse has faced challenges in securing a sale but continues to offer a remarkable lifestyle.
Luxury Living at Its Finest With its elegant design and historic charm, this townhouse offers a unique opportunity to live in one of New York's most prestigious areas. Whether for a sports enthusiast or someone seeking the finest in city living, this property remains one of West Village's standout residences. | | | | | | | | | | Miami Beach Market Shifts into Steady Gear | | | | A Decelerating Market Miami Beach home sales experienced a significant drop of 21.5% in the final quarter of the year, totaling 663 transactions. This marks a clear departure from the unsustainable pace of the previous three years, as the real estate market adjusts to more balanced activity.
Condo Market Faces Decline The majority of the sales drop was concentrated in the condo sector. As inventory surged by 16.4%, the total listings reached 6,016, yet this increase in supply did not lead to typical market behavior. Despite more options available to buyers, prices continued to rise, with the median sale price climbing by 5.3% to $395,000.
A Shifting Sales Landscape While supply increased, the average time properties remained on the market saw a significant jump from 49 to 125 days. Additionally, the listing discount—the difference between the listing price and the final sale price—rose to 9.2% from 7.7%, signaling a softening in demand.
Luxury Market Softens At the top end of the market, the luxury condo sector (top 10% of sales) experienced a 2.1% dip in the median sales price, now at $2.35 million. The time properties stayed on the market nearly tripled from 62 to 172 days, and listing discounts surged from 7.2% to 12.7%, indicating weaker demand at higher price points.
Market Adjustment Underway Overall, Miami Beach’s real estate market is transitioning from the frenetic pace of the previous years to a more sustainable and stable rhythm. As inventory grows, sales cool down, and prices remain resilient, the market is finding its equilibrium. | | | | Iconic New Orleans Mansion Fetches $5 Million | | | | Historic Property in French Quarter A grand estate in the heart of New Orleans' French Quarter has sold for $4.9 million. This 7,645-square-foot mansion, built in the 1930s and spread across three stories, offers a unique piece of the city’s rich architectural heritage.
Luxury Details and Spacious Living The five-bedroom, five-bathroom home, located at 521 Governor Nicholls Street, boasts a stunning array of features including Venetian plastered walls, marble accents, crown moldings, and a striking spiral staircase. A two-story guesthouse further enhances the estate’s appeal, offering ample space for visitors or additional living arrangements.
A Legacy of Hope and Renewal The mansion garnered significant attention when it was purchased in 2007, following Hurricane Katrina’s devastation. It was acquired shortly after the establishment of a foundation aimed at rebuilding efforts in the city’s Lower Ninth Ward. This property, with its grandeur and historical significance, adds to the city’s unique blend of luxury and legacy.
A Smooth Transaction The sale of the property marks a successful deal for both parties, with the home being sold at a price deemed favorable for both the buyer and seller. The transaction signals a continued move toward liquidating an expansive real estate portfolio, following the earlier sale of other notable properties. | | | | Harlem Townhouse Fetches $2 Million | | | | A Historic Harlem Gem A three-unit townhouse in Harlem once owned by a renowned poet has sold for $1.98 million, reflecting a significant increase from the $275,000 paid for the property in 2001. Located at 29 East 129th Street, the 3,500-square-foot residence offers a two-bedroom duplex with a private backyard, as well as two one-bedroom rental units.
Rapid Price Appreciation Although the final sale price is lower than the initial asking price of $2.6 million, it still represents a notable return on investment for the property. The building was part of a real estate portfolio that has seen significant interest, particularly as Harlem continues to experience rising demand due to its appealing space, charm, and proximity to cultural amenities.
Harlem's Real Estate Surge The sale reflects the growing allure of Harlem, where property prices have surged in recent years. The neighborhood’s combination of new restaurants, parks, and more affordable real estate compared to other parts of Manhattan has attracted a diverse crowd. Central Harlem’s real estate market saw a 59% increase in average sales prices in the first half of the year, reaching $3.3 million.
A Growing Trend in Harlem Harlem’s appeal continues to grow, with an increasing number of buyers seeking out its spacious townhouses as more affordable alternatives to pricier Manhattan neighborhoods. As the area continues to evolve and thrive, property values are expected to keep rising, making it a sought-after destination for luxury living. |
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