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: REMOVE. | | | | 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. | | | | | Luxe San Fernando Valley Home Listed for $3.6 Million | | | | This sprawling residence offers an unparalleled blend of luxury and privacy in the heart of the San Fernando Valley.
A Spacious Family Haven The 6,630-square-foot estate, built in 2012, features six generously sized bedrooms and has undergone extensive remodeling. A serene fountain welcomes visitors to the entrance, setting the tone for the refined interior.
Gourmet Kitchen and Entertainment Areas At the heart of the home lies a chef's kitchen, seamlessly connected to an expansive family room. Adjacent to this is a large game room, perfect for hosting gatherings or unwinding. The property also includes a guest house for added convenience.
Outdoor Oasis with Luxurious Amenities The outdoor space is a true sanctuary, with a pool, spa, and basketball court that caters to those with an active lifestyle. An outdoor kitchen and fire pit ensure the area is perfect for both relaxing and entertaining.
A Home with a Storied Past Previously owned by a notable figure in entertainment, this residence offers a rich history alongside its modern amenities. The secluded nature of the property has made it a prime choice for those seeking privacy and tranquility. | | | | Reach Your Ideal Audience Today | | Position your brand at the forefront of elite finance and technology communities by partnering with Wealth Daily Newsletter.
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A Glimpse into 19th-Century Luxury This 24-foot-wide Greek Revival townhouse, originally built in 1847, offers a rare blend of Classical and Gothic Revival influences, capturing the essence of pre-Civil War New York. Over the years, it has undergone extensive restoration, maintaining the timeless beauty of its original elements while incorporating modern updates.
Masterful Preservation and Renovation The current owners undertook a multi-year restoration effort, carefully preserving the home’s intricate details. Original fireplaces were relined, ornate moldings were stripped of paint, and the electric, plumbing, and HVAC systems were overhauled to bring the house up to contemporary standards without compromising its historic character.
Interior Highlights: Grand Rooms and Artistic Flair The home boasts 13 spacious rooms, including double parlors with ample wall space for artwork. The interior combines 19th-century elegance with vibrant pop art, including a prominent piece from the celebrated pop art movement. A stunning stained-glass skylight adds a touch of grandeur to the fourth floor, while the garden, converted into a cloister garden in the 1930s, offers a serene retreat.
A Historic Treasure with Modern Appeal Though the owners have decided to downsize, they continue to cherish the home’s unique blend of old-world charm and artistic heritage. The property remains an exceptional example of luxury living, with a design that seamlessly integrates history with modern comfort. | | | | | | | | | | Sellers Overpricing Homes as Market Shifts | | | | In a market that increasingly favors buyers, home sellers who overestimate their asking prices risk lengthy listings and financial setbacks. Rising price reductions indicate that many sellers are not adjusting their expectations to current market conditions, with nearly every state witnessing an increase in price cuts.
A Growing Trend Across the Nation The number of price reductions across national listings has reached a multi-year high, signaling that sellers are becoming more detached from the realities of today's housing market. The issue is particularly pronounced in the South and West, though it is present across most regions.
Despite these indicators, seller optimism remains strong. A vast majority of prospective sellers believe they can still achieve their asking price or higher.
The Perils of Unrealistic Pricing Many sellers, especially those who bought homes during the housing boom, continue to hold on to inflated price expectations. During that period, bidding wars and soaring prices were common, but the market has since shifted. Sellers may still stand to make a profit, even if they do not meet their ideal price. With equity built up over the past few years, many homeowners can sell for a solid return, provided they set a realistic asking price.
The Reality of Today's Market For those accustomed to rapid price increases, adjusting to the current market conditions can be difficult. However, setting a price based on hopes rather than market facts can backfire. Sellers should focus on more than just cosmetic updates when determining the value of their home, as simple renovations rarely add significant value in the current climate.
In the current environment, improvements such as fresh paint or new light fixtures may help a home sell more quickly but are unlikely to increase the sale price by much. More substantial value-adding features, such as a pool or lakefront location, are what buyers are truly looking for.
The Consequences of Overpricing A home that is priced too high often becomes "stale," sitting on the market longer than desired. A stale listing raises red flags for potential buyers, who may question whether there is an underlying issue with the property. National data shows that homes are spending more time on the market, marking the longest median duration in recent years.
A Cautionary Tale: The Stale Listing Effect For sellers who refuse to lower their asking price, the result is often a listing that lingers without offers. As time goes on, the price must be reduced repeatedly to match what the market will bear. A stale listing can eventually force sellers into a position where they are chasing a price that may never come, ultimately leading them to a less profitable sale. | | | | Historic Maryland Mansion Listed for $1.15 Million | | | | A 6,625-square-foot Flemish bond red brick mansion in Owings Mills, Maryland, is back on the market with a reduced asking price of $1.15 million. This historic property, known as "Oakland," offers a glimpse into the past while showcasing timeless charm and grandeur.
A Storied Property with Timeless Appeal Built in 1927, the mansion sits on nearly 13 acres of prime land in Baltimore County’s Greenspring Valley. The home, which has been in the same family for over 70 years, features a dramatic grand staircase, a paneled library complete with a wet bar, and a formal dining room adorned with a crystal chandelier. A breakfast room highlights tiles decorated with paintings inspired by Poe’s famous raven.
Spacious Living Across Three Floors The home spans three floors, with the second floor offering three suites, each with two bedrooms and a connecting bathroom. The third floor, previously used as an apartment, includes an eat-in kitchen, a bathroom, and additional living spaces. The lower level provides two additional bedrooms, enhancing the home’s versatility.
A Unique Piece of History This mansion represents a rare opportunity to own a piece of history, offering both character and ample space for future owners. Despite being on and off the market since 2009, this reduced-price listing presents an exceptional chance to acquire a home with rich heritage and remarkable features. | | | | Billionaire Businessman Acquires $77 Million Palm Beach Estate | | | | A luxurious Polynesian-style mansion in Palm Beach, Florida, has been sold for $77.06 million. The property, spanning approximately 30,000 square feet, was acquired by a private trust linked to a prominent billionaire businessman.
Prime Location Near Mar-a-Lago This exclusive beachfront estate is located just half a mile from the Mar-a-Lago Club, further elevating its allure with proximity to one of Palm Beach's most renowned landmarks. The mansion offers unparalleled luxury in an iconic location, making it a sought-after asset for the wealthy elite.
A Legacy of Luxury and Prestige Designed by the renowned architect Peter Marino, the Polynesian-style villa exudes opulence and sophistication. The sale follows a series of high-profile ownerships, including a previous sale from Venezuelan banker and polo player Victor Vargas, who purchased the estate for $68.5 million in 2008.
Unmatched Space and Design The mansion, which boasts 30,000 square feet of space, combines extraordinary design elements with an expansive layout. Its sale marks another significant move in the Palm Beach luxury real estate market, solidifying the area's reputation as a hotspot for affluent buyers seeking the pinnacle of elegance and style. |
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