You are receiving this message because you have visited our site and requested to be contacted. If you no longer wish to be contacted, please use the removal link:Â REMOVE. | | | | 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. | | | | | Price Slashed on Iconic Beverly Hills Mansion | | | | A stunning Beverly Hills mansion has just had its price reduced by $1.5 million. Originally listed for nearly $13 million, the modernist property is now available for $11.495 million, despite being on the market for less than a month.
An Exceptional Property in Trousdale Estates Located in the highly sought-after Trousdale Estates neighborhood, this architectural gem offers 7,100 square feet of luxurious living space. The home features six spacious bedrooms, five bathrooms, and breathtaking views of the canyon and ocean. The mansion is set on a 36,000-square-foot lot, offering a mix of open patios, a pool, and a pavilion with a fire pit, perfect for hosting gatherings or enjoying tranquil moments.
Sustainable and Stylish Features The residence includes state-of-the-art eco-friendly features, including photovoltaic electric panels, a solar-heated pool, and bamboo flooring. Thermal glass double-glazed UV windows with motorized shades further enhance the home's sustainability. These green elements complement the home's luxurious design, appealing to those who appreciate both elegance and environmental responsibility.
Lavish Living and Ideal for Entertaining The expansive interiors boast a media room, gym, and a home office, while a glass elevator adds an additional layer of sophistication. The walk-in closet offers ample space, and the "cave" office provides an intimate space for work or reflection. A meditation garden with a fountain offers a serene retreat, making this home ideal for relaxation or entertaining.
A Noteworthy Price Reduction While the price drop signals a quick sale may be on the horizon, this home remains a true Beverly Hills masterpiece. With its modern aesthetic, spacious design, and eco-conscious features, it continues to stand out as a prime example of luxury real estate in one of Los Angeles' most prestigious neighborhoods. | | | | Music Mogul Sells Luxury Manhattan Condo for $5.7 Million | | | | A luxurious one-bedroom condo in Manhattan's prestigious Park Imperial has just been sold for $5.7 million. This 66th-floor unit, spanning approximately 2,300 square feet, had been listed for as much as $8.5 million before finally finding a buyer after several price reductions.
Prime Location, Premium Views Originally purchased in 2005 for $3.82 million, the apartment boasted stunning Central Park views. However, the construction of new towers in the area has since obstructed some of the view, diminishing its once-pristine vista. Despite this, the condo remains in one of the most coveted locations in Midtown Manhattan.
A Customized Space for Entertaining The unit was extensively renovated, transforming it from a three-bedroom apartment into a spacious one-bedroom layout with expansive entertaining areas. The renovation aimed to enhance the flow and openness of the space, making it perfect for hosting guests and enjoying the city’s skyline.
Price Reductions and Long-Term Listing After being initially listed in 2012 for $8.5 million, the price was slashed several times over the years, eventually reaching $6.5 million before securing the final sale. The buyer's identity remains unknown, but the transaction was completed with a cash offer. | | | | | | | | | | Miami's Luxury Real Estate Gridlock Intensifies | | | | Miami's once-booming property market has entered a deeper slowdown, as signed contracts for both single-family homes and condos fell sharply, while available inventory surged. The imbalance between hesitant buyers and steadfast sellers has created a standoff, particularly in the luxury sector.
Luxury Sales Tumble, Listings Surge The number of newly signed contracts for single-family homes in Miami-Dade dropped over 42%, with condo sales halving. Despite this, new listings rose by more than 38% in both categories—adding 1,462 houses and 2,461 condos to an already saturated market. The only segment to see fewer listings was the sub-$300,000 price bracket, which declined by over 80%.
High-End Market Still Struggling At the $3 million-and-up level, sales continued to fall, though at a slightly slower rate than the broader market. Sellers in this tier appear unwilling to slash prices, while buyers are increasingly price-sensitive in the face of elevated mortgage rates.
Stalemate Driven by Pandemic Boom and Rate Hikes The cooling in Miami reflects a wider trend across Florida, Texas, and the Southeast. Pandemic-driven demand and price increases have tapered off. With migration slowing and interest rates holding firm, buyers are cautious, yet sellers resist adjusting their expectations—leaving many homes languishing.
Broward County Sees Softer Decline Broward County experienced a far less severe dip, with contracts for single-family homes falling just 2.1% and condos down 4.2%. Still, inventory growth continued. Homes over $1 million also saw slight declines, in line with the general market movement.
Palm Beach Shows Unexpected Resilience Unlike its neighboring counties, Palm Beach County defied the trend. Signed contracts increased nearly 9%, marking the first positive annual growth this year. However, inventory followed suit, with listings up 38% for homes and 25% for condos—indicating that even in stronger markets, competition remains stiff. | | | | Montecito Mansion Hits the Market for $45 Million | | | | A stunning Montecito estate, perched on a hill with breathtaking ocean views, has been listed for $45 million. The expansive 17-acre property features a 10,500-square-foot, six-bedroom stone mansion that was meticulously renovated with exquisite detail.
A Historic Home with Modern Upgrades Originally built in the 1930s, the property’s main house was completely transformed, blending historic charm with modern luxury. The two-story stone structure boasts a barrel-tiled roof, 18th-century Italian tiles, nine wood-burning fireplaces, a media room, and multiple libraries. With its unique nooks and cozy tucked-away spaces, the house offers an inviting atmosphere for those seeking comfort and character.
An Entertainer’s Dream The property also features an impressive indoor-outdoor pavilion, complete with a sunroom, dining room, and an outdoor kitchen with a pizza oven. The expansive grounds include two swimming pools, a sunken tennis court, a badminton court, and lush landscaping, including eucalyptus and olive trees, gardens, and fountains.
A Legacy of Luxurious Home Flips The estate was expanded by acquiring two adjacent properties. While primarily used as a weekend retreat, the mansion's carefully curated design and lavish amenities make it an ideal property for both relaxation and entertaining. This sale follows a history of successful high-end property flips, underscoring the couple’s reputation for transforming real estate into luxurious, highly sought-after spaces. | | | | Designer Lists L.A. and Key West Homes for $5.5 Million | | | | A renowned men's underwear designer has placed his properties in Los Angeles and Key West on the market, with combined asking prices totaling $5.5 million. The stunning hillside mansion in L.A. is listed for $4.2 million, while the charming Florida bungalow is priced at $1.3 million.
Chic L.A. Hillside Mansion The Los Angeles property is an all-steel, custom-designed home perched on the hillside of Beachwood Canyon. Spanning 3,000 square feet, the modern glass-walled house features three bedrooms, three bathrooms, and expansive views of the city and surrounding hills. Its sleek, sturdy construction sets it apart from the area's typical wood-built homes, making it an ideal choice for those seeking both style and durability.
Cozy Key West Retreat The Key West bungalow, a 1,009-square-foot conch-style cottage, offers two bedrooms and one-and-a-half bathrooms. Originally built in 1918, it has been tastefully renovated into a contemporary retreat. Tucked away at the end of a quiet lane, the property was purchased in 2015 for $952,000 and is now being offered with a substantial price reduction at $1.265 million, making it an attractive option for buyers seeking a private getaway in the Florida Keys.
Prime Properties with Unique Appeal Both properties are prime examples of the designer's flair for combining luxurious design with functionality. The L.A. home is perfect for those who appreciate modern architecture, while the Key West bungalow provides an intimate, tranquil escape with its blend of classic charm and modern comforts. |
|
|
