Summit County’s luxury real estate market remains strong headed into 2022

Summit County’s luxury real estate market remains strong headed into 2022

by Luxury Real Estate

Jan Leopold, broker for Re/Max Properties of the Summit, helped sell this home, pictured in July. The home is on Slalom Drive in Breckenridge, and according to the Summit County Assessor’s Office, its sale price was $2.5 million.
Jonathan Huffman/Courtesy photo

The reason why so many people are interested in purchasing a second home in Summit County isn’t a mystery. The area boasts plenty of recreational opportunities year-round, the scenery is impeccable, and it’s the first big stop along the westbound Interstate 70 mountain corridor, boasting four ski resorts.

These perks combined with the pandemic’s boost in remote working has created a hot real estate market in Summit County all year long — and especially so for the luxury market.

Jan Leopold, broker for Re/Max Properties of the Summit, said that in 2020, there was about twice as much inventory on the market than there is today, and in 2019, there was nearly 4.5 times as much as there is today. The low amount of inventory creates a strong seller’s market, and Leopold said many of these buyers are making cash offers.

According to data from the Summit Association of Realtors, Leopold said there were about 110 units on the market as of mid-November, and 63 of those were considered to be luxury or priced at $1 million or more. This means most of the inventory that is available is considered luxury.

In total, sales for luxury units were the strongest in the third quarter of 2021, according to Land Title Guarantee Co.’s monthly reports. The third quarter of the year raked in nearly $500 million in gross volume for sales priced at $1 million or more. Second quarter was close behind with about $420 million in gross sales. First quarter lagged behind at just more than $240 million.

Land Title’s reports show that Breckenridge consistently has the highest volume in transactions. However, Marc Warshawsky, Realtor for nationwide real estate firm Compass, said Silverthorne is usually a close second, followed by Frisco. Warshawsky said he believes Silverthorne’s strong market is due not only to the town’s growth, but also its prime location in the county.

“It’s very desirable from a lot of perspectives,” Warshawsky said. “Silverthorne has a lot of great views, and Silverthorne is right off of (Interstate) 70. It is the closest, easiest access to Denver, to the airport. It’s the first town you arrive to, and then if you’re not living in Breckenridge, Silverthorne is actually the most conveniently located to everything else.”

So far this year, Warshawsky’s biggest sale was a $2.8 million home with five bedrooms and 5.5 bathrooms in the Highlands at Breckenridge. He said most of his buyers are looking for homes in the $1 million to $3 million range and that most are not moving to the county full time but are looking for a vacation home. Similar to Leopold, most of Warshawsky’s buyers are coming from Texas, Illinois and Florida.

Leopold said about half her business is in luxury real estate. Her highest sale so far this year was a $2.7 million home with four bedrooms and 3 1/3 bathrooms in Breckenridge. She’s been selling in the county’s real estate market for over 20 years and said she’s seeing a change in the kinds of homes most desired as of late.

“Big is back. … We used to have the bigger homes before the Great Recession, and then people started looking toward smaller homes and building smaller homes,” Leopold said. “So big is back with the open floor plans designed for multigenerational gatherings, a compound that their extended family can come to for vacation.”

Like the more affordable residential real estate market, buyers might have to exercise patience if they are looking for a specific piece of property. Not only is there not as much inventory on the market, but according to the Summit Association of Realtors, the average number of days a unit was on the market in Breckenridge in October was 31, which is down 72{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} compared to the same month last year. The association reported last year that the average number of days a unit was on the market until it sold was 112.

Miami Luxury Broker To Sell Metaverse Mansions

Miami Luxury Broker To Sell Metaverse Mansions

by Luxury Real Estate
Another Miami luxury broker journeys into the metaverse for sales

Prestige Realty Group’s Tony Rodriguez-Tellaheche

UPDATED, Dec. 7, 8:10 p.m.: As seasoned real estate and stock experts warn investing in metaverse assets is a fad, another luxury broker is jumping into the virtual mansion sales business.

Tony Rodriguez-Tellaheche, owner of Miami-based Prestige Realty Group, told The Real Deal he’s going to handle some listings for a start-up cryptocurrency company that wants to sell 8,888 digital luxury homes in the metaverse.

Rodriguez-Tellaheche is partnering with Vancouver-based Keys Token, which launched its digital coin last month, trading at an opening price of roughly 0.002 cents. The token’s price peaked at roughly 30 cents and has since tumbled to 10 cents, according to several cryptocurrency trading websites such as Coin Market Cap and Coin Gecko. Keys Token has also self-reported a market cap of $109.6 million, the Coin Gecko listing states.

That’s roughly the same dollar amount for virtual land sold on metaverse platforms The Sandbox, Decentraland, CryptoVoxels, and Somnium Space during the last week of November, including $450,000 worth of cryptocurrency a buyer dropped on a virtual plot next door to an exact digital replica of rapper Snoop Dogg’s California mansion, according to media reports.

Rodriguez-Tellaheche joins Oren and Tal Alexander with Douglas Elliman, who operate in Miami, as well as in New York, as the first residential real estate brokers looking to cash in on big ticket metaverse listings. The Alexanders formed a partnership with Republic Realm, a metaverse developer that recently threw down $4.3 million on virtual real estate, the largest transaction in the digital space to date.

Despite Keys Token’s shaky start on the coin trading exchanges, Rodriguez-Tellaheche said once the platform gets off the ground, significant demand will arise for the company’s digital currency and virtual mansions.

“When the CEO approached me about being one of the exclusive brokers, I was all in on it,” Rodriguez-Tellaheche said. “I am already getting tons of messages from people who want to be first in line to buy one of these meta mansions.”

Of course, the mansions can only be purchased by people who own Keys Tokens. The firm has produced 1 billion coins that will increase in value when investors use Keys Tokens to conduct deals in the metaverse and in real life, according to a press release. The company plans on charging a 3 percent fee on every Keys Token transaction.

Rodriguez-Tellaheche said he doesn’t have an inventory list yet, but each buyer will be able to create and build a mansion based on his or her lifestyle and tastes. “The mansions are the first phase,” he said. “Once those are sold out, they will create other collections [of virtual properties].”

Still, some experts are not sold on the concept of metaverse real estate. Whether it’s the start of another tech bubble like the dot.com boom of the early 2000s, or the launching of a whole new institutional investor-grade asset class remains to be seen, they say.

Fane Lozman, a Palm Beach County-based real estate investor and day trader who twice won U.S. Supreme Court cases against the city of Riviera Beach, told TRD that demand for virtual homes in the metaverse is likely capped by the number of Gen Z’ers and millennials who have successfully traded cryptocurrencies into multimillion-dollar fortunes.

“This is something for the under-30 crowd of online guys making millions of dollars in crypto,” Lozman said. “Getting a metaverse mansion adds to them being online legends that they can’t be in real life. A lay person may not understand why they will pay $750,000 for an NFT [non-fungible token], but for these guys, it gives them credibility.”

If nothing else, Rodriguez-Tellaheche’s foray into the metaverse is a good marketing tool, Lozman added. “He can say, ‘I’m the guy who can sell you a mansion in real life or in the metaverse.’”

Revolutionizing the Real Estate and Luxury Asset Segment with Blockchain Approach

Revolutionizing the Real Estate and Luxury Asset Segment with Blockchain Approach

by Luxury Real Estate

Dubai, United Arab Emirates–(Newsfile Corp. – December 7, 2021) – KEYS aims to develop new blockchain solutions based on the trade of luxury assets in both the Metaverse and the actual world. Holding KEYS gives investors access to special investment opportunities, either in real estate or luxury assets, to name a few, as well as a strong network.

Figure 1: KEYS – Revolutionizing the Real Estate and Luxury Asset Segment with Blockchain Approach

To access the project’s unique ecosystem, investors must own the platform’s native token, KEYS. The Token, the team argues, can provide access and discounts when purchasing real estate and countless other luxury items.

All transactions on $KEYS Token are charged a 3{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} fee. The project will automatically burn 10{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} of the entire supply quarterly over 20 years to maintain deflationary rates and increase the token price, thus benefiting the investors and holders of the $KEYS Token. The $KEYS Token has a 1,000,000,000 token supply.

$KEYS Token is a utility token that unlocks the KEYS ecosystem. This initiative aims to establish an engaged community around the KEYS blockchain ambition before developing the whole KEYS product ecosystem and token on Ethereum blockchain.

The KEYS blockchain ecosystem’s initial product is Meta Mansions NFT, 8,888 realistic 3D-rendered digital dynamic houses. Meta Mansions will increase the $KEYS Token’s use cases, value, and prestige.

Partnerships with significant NFT personalities such as celebrities, artists, sports, and real estate experts to increase value for Meta Mansion owners, are already in the pipeline. The Metaverse allows owners to monetize their Meta Mansions using virtual reality to create passive or active revenue.

The team has solid plans for building a cryptocurrency exchange where users may post, buy, and trade luxury items that uses KEYS as a utility token. Followed by a renting marketplace for Meta Mansions and other digital assets, as well as a direct FIAT-to-crypto exchange allowing credit card purchases. There will also be tiered KEYS advantages based on $KEYS Token ownership.

The KEYS ecosystem supports staking and farming. Investors may stake their keys for 88 days in the project’s KEYS Lockbox or offer liquidity with the project’s KEYS Farm to receive KEYS rewards.

The project has already signed up with a prominent firm, @hellomondaycom, for further developing its websites and platforms. The $KEYS Token is already live on Coinbase.com, Crypto.com, CoinMarketCap, and CoinGecko charting. LBank is their first exchange listing.

Now, achieving another milestone, $KEYS Token has been listed on LBank as of 23:00 on December 6, 2021, UTC+8. This will enable consumers to save transaction expenses and allow KEYS to explore Asian marketplaces.

Listing Details:

Trading Pair: KEYS/USDT
Deposit Enable: 15:00 on December 5, 2021 (UTC+8)
Trading Open: 23:00 on December 6, 2021 (UTC+8)
Withdrawal Enable: 15:00 on December 7, 2021 (UTC+8)

About KEYS:

KEYS came into existence to create new blockchain solutions based on the trading of luxury goods in the Metaverse and in the real world. Investors that own KEYS get access to unique investment options, such as real estate and luxury assets, as well as a massive community.

Media Links:

Telegram: https://t.me/OfficialKeysToken
Discord: https://discord.gg/keystoken
Instagram: https://www.instagram.com/keys/
Twitter: https://twitter.com/keys_token
Facebook: https://www.facebook.com/KEYS-Token-105451965293322/
LinkedIn: https://www.linkedin.com/company/keystoken
Website: https://www.keystoken.io/

Contact Details:
Keystone
marketing@lbank.info

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/106927

Luxury Portfolio International Releases State of Luxury

Luxury Portfolio International Releases State of Luxury

by Luxury Real Estate

Number of Luxury Real Estate Sellers Increases Globally; Some Buyers Expressing FOMO (Strong Fear of Missing Out); Sustainability ‘Critically Important’ Among Affluent Buyers Worldwide

Latest Report Comprises Data from Top 1-5{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} Bracket Surveyed Across 20 Countries, Representing an Affluent Population of Almost 32 Million Households

NEW YORK, Dec. 01, 2021 (GLOBE NEWSWIRE) — Luxury Portfolio International® (LPI), the world’s premier network of luxury residential real estate brokerages, is pleased to share the results of its 2022 State of Luxury Real Estate Report (SOLRE). The study comprises data from individuals in the top 1{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} to 5{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} income bracket across 20 countries, and touches on a broad range of topics crucial to the global luxury residential real estate market.

Most notably, the LPI report reveals a continuation of dominating home purchasing-related trends that began during Q3 2020 and continued throughout all of 2021, showing that demand for luxury real estate remains high; price increases expected to continue; supply remains lower than demand; time-on-the-market for luxury single-family homes often continues to “last just hours”; and sustainability is ‘Critically Important’ (66 percent) when considering future home purchases.

The study also shows an increase in the number of affluent sellers of residential real estate worldwide; that among luxury homes buyers, the majority (74 percent) shared strong feelings of a personal economic confidence and still 75 percent are significantly concerned that their discretionary spending power could be tested soon.

And while 2022 is expected to continue at a fast pace, there are signs that the luxury residential real estate market will be increasingly stabilizing, a crucial step to avoid complications for a long-term, super-heated market.

With 75 percent of luxury home buyers choosing their next home with environmental sustainability headlining a broad range of findings from a study of the world’s affluent households by Luxury Portfolio International® (LPI), 2021 ends as one of the most robust luxury residential real estate markets in history.

“After a record-breaking year in luxury real estate, we anticipate that some balance will be restored to the market,” said Mickey Alam Khan, President of LPI. “It is important to view the luxury market over a trajectory of several years, noting that half of 2020 was in paralysis due to the pandemic. The red-hot market that began in the latter part of 2020 continued into 2021 and will continue a positive trajectory into 2022. The difference will be that there will be more luxury sellers in 2022 than in 2021, and while there will be fewer actual luxury buyers, it is still a seller’s market. The pandemic madness that drove us to an over-heated market is being normalized. Demand will remain strong, and a healthy, new normal in luxury real estate will start to take hold in 2022.”

Sustainability, according to the study, is now a major differentiator in luxury homes, and buyers are willing to pay a premium to have features and amenities that better prepare them for the future. 75 percent of those surveyed noted choosing their next home with sustainability in mind, with an unprecedented 90 percent noting “yes” as to factoring sustainability in relation to a Next Chapter in Life home search. According to the study, a “Next Chapter in Life” home search pertains to those moving to be closer to family, because of their children’s education, a career move, and other mitigating factors.

People interested in sustainability as a major factor of their home purchase are 71 percent more likely to view the purchase as a legacy home that will be passed on to their heirs. Further, as interest in sustainability grows, the quality of the buyer improves for the benefit of the seller, in that this buyer wants to transact sooner and for a relatively higher budget.

FOMO, or Fear of Missing Out is the feeling of anxiety that an exciting or interesting event may currently be happening elsewhere, often aroused by posts seen on social media. With a year at home and headlines touting the hot market, FOMO has become a significant concern for 26 percent of luxury buyers. FOMO manifests in different ways, first as a true “missed the boat” moment where prices extend beyond reach. A second concern – equally impactful – is arranging finances for major purchases.

While COVID-19 remains a significant concern, the study revealed that the market has already accounted for much of its effects. This compared to last year when the top trend in luxury real estate was finding a home that would accommodate the family that works from home.

That said, according to the study, working from home, is wearing on a substantial percentage of luxury home buyers. The Study revealed that 27 percent of luxury buyers cited working from home as a ‘significant concern.’ Remote work and the associated frustration and stress of being home continues to play a significant role in the purchase decision process.

Buyers concerned about de-stressing their work-from-home environment noted diversions such as entertainment at home, night life nearby, and relaxation-inducing amenities like a spa/hot tub, a specialty cocktail scale, and specialty rooms for media and gaming.

Additional key findings from the research include:

  • Globally, the affluent class remains highly interested in purchasing residential real estate at any price, with a 33 percent increase year-over-year. There is no doubt that 2021 will end with a backlog of buyers, setting up 2022 as another strong year for luxury real estate.
  • Over 14 million affluent households remain interested in buying a residence, of which 6.4 million are in the luxury category. An additional 1.2 million luxury homeowners have found an interest in selling in the next 3 years, up 32 percent from last year. Record valuations no doubt play a key role in this decision.
  • Working together, these factors indicate global price stabilization and market normalization is in store for 2022 and beyond. What once appeared to be a wide chasm between the number of potential buyers and sellers (10.3MM buyers and 4.0MM sellers) is moving appropriately towards equilibrium (6.4MM buyers and 5.2MM sellers).
  • The global trend for residential real estate demand will continue to grow in 2022. The percentage of individuals in the market to purchase residential real estate by the end of 2022 increased from 19 percent in 2021 to 39 percent in 2022 in Europe, and from 30 percent in 2021 to 37 percent in 2022 in Asia/Pacific. 46 percent of those surveyed from the Middle East, specifically consumers from Saudi Arabia and the UAE have the greatest interest in acquiring residential real estate, as those individuals continue to diversify their holdings. North America shows modest growth from 21 percent in 2021 to 25 percent in 2022.
  • Luxury homeowners are coming around to selling. With new construction experiencing delays due to the challenges with goods and services, there is a consistent interest in existing homes. However, owners were not necessarily in the market to sell last year, and consequently the lack of inventory has been a significant price driver in most luxury markets. Now, it seems that luxury owners are convinced that the iron is hot and their interest in selling has increased by more than double (to 28 percent from 11 percent). In fact, 71 percent of owners believe their home value will increase this year, creating a strong incentive to sell. The average luxury homeowner expects an increase of approximately 4–5 percent compared to 3–4 percent last year.
  • Psychologically it remains a seller’s market. In practice, we can expect a more balanced ratio of buyers and sellers in the years to come. As affluent consumers participate in the residential market, luxury-residence seekers are down 58 percent in 2021 (from 34 percent to 20 percent of the total affluent), while conversely, in this delicate balancing act, the number of luxury sellers is on the rise by 26 percent (up to 16 percent from 13 percent of the total affluent).
  • While the flight to suburbia has been a major COVID headline, the research reveals that city-center luxury residential real estate is alive-and-well. Over half of luxury buyers worldwide (55 percent) expect to buy their next residence in a city and 77 percent will be within commuting range. Notably, Asia-Pacific luxury buyers are significantly more likely to buy in the city center than their global counterparts.
  • Single-family home popularity surges beyond North America. The research revealed that the popularity of single-family homes is growing on a global scale, with 40 percent of Europe/Middle East buyers and 29 percent of Asia-Pacific buyers seeking the luxury of additional space and privacy. Year on year, demand for this type of housing is increasing as, collectively, shared living spaces are becoming less attractive to the luxury buyer. North America remains the top driver for demand of this type of residence.
  • A new class of entry-level luxury buyer enters the market. Across the full spectrum of affluent consumers, there is greater interest in purchasing real estate under $1 million. This signals a resurgence of upper-middle class buyers who delayed in purchasing due to the pandemic, or who are now willing and able to acquire. Consequently, this is creating an increase in the number of entry-level luxury buyers, up to 44 percent from 39 percent in the USD 1-1.9 million range. This democratic luxury-for-the-many effect is most pronounced in North America and less so in Asia Pacific and Europe/Middle East, where the wealthy class tends to skew toward relatively small groups of people with very high concentrations of wealth.

For additional information, and access to the report, click here: State of Luxury Real Estate 2022.

ABOUT LUXURY PORTFOLIO INTERNATIONAL® (LPI)
Luxury Portfolio International (luxuryportfolio.com) is the leading network of the world’s premier luxury real estate brokerages and their top agents, offering unparalleled marketing and intelligence services across the globe. It is the luxury arm of Leading Real Estate Companies of the World® the global network of top independent real estate firms, with 550 companies and 150,000 sales associates in 70 countries. Last year, network members participated in over 1.3 million global transactions. LPI attracts a global audience of visitors from over 200 countries/territories every month and markets more than 50,000 luxury homes annually. Well Connected.™ 

Source: Luxury Portfolio International®

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/cc7a46a4-e6fd-43f9-91e6-834f31b75e8e

A PDF is available at http://ml.globenewswire.com/Resource/Download/3c08ae81-d703-4faf-8ea2-dc5c9c70ed7e
Billionaires Double Down On Singapore Prime Property Buys As Demand For Luxury Homes Surge

Billionaires Double Down On Singapore Prime Property Buys As Demand For Luxury Homes Surge

by Luxury Real Estate

Billionaires Kwek Leng Beng and Gordon Tang are buying S$965 million ($704 million) worth of prime properties in Singapore, doubling down on their investments in redevelopment sites in and around the city’s financial district amid soaring demand for luxury homes.

City Developments—controlled by Kwek and his family—said late Thursday it agreed to buy Central Square from Far East Hospitality Trust, a unit of Robert and Philip Ng’s Far East Organization, for S$315 million. The Singapore-listed developer said it plans to combine Central Square with its adjacent Central Mall and redevelop the two sites (with combined area of about 21,400 square meters) into a mixed-use office, hospitality, serviced apartments and potentially a residential component.

Developers have been stepping up the redevelopment of older properties in land scarce Singapore to tap into the soaring demand for housing in one of the world’s most expensive real estate markets. Some 4,267 new residential units were sold in the third quarter, up 23{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} from the previous three months, latest data from the government showed.

The acquisition of Central Square is expected to be completed in the first quarter of 2022. City Developments said it will pay Far East Hospitality an additional S$18 million if it gets government approval to add a residential component in the project.

“The strategic acquisition of Central Square crystallizes our master plan to shape the precinct’s transformation into a new and vibrant lifestyle hub,” Sherman Kwek, group CEO of City Developments and eldest son of Kwek Leng Beng, said in a statement. “This rare placemaking opportunity augments our role in rejuvenating the Singapore River precinct and aligns with our enhancement strategy to unlock the latent value of our matured assets.”

The redevelopment of Central Mall and Central Square is the latest project City Developments is undertaking to rejuvenate the central business district. In partnership with CapitaLand, City Developments is redeveloping the site of the former Liang Court commercial complex into a mixed-used residential, commercial, hotel and serviced apartment development. The duo sold 83{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} of the 696-unit Canninghill Piers, which would be the tallest residential structure along the Singapore River when completed, after launching the project last month.   

City Developments is among the most active developers of luxury homes in the CBD, having completed the construction of The Sail @ Marina Bay residential skyscraper in 2008, one of the first residential buildings in the new Singapore downtown. The company is also redeveloping the former Fuji Xerox Towers in the Tanjong Pagar district into a mixed-use property with office, retail, residential and serviced apartment components.

The strong demand for luxury homes in the CBD has also attracted other developers, with a consortium led by Chip Eng Seng and SingHaiyi—both controlled by billionaire couple Gordon & Celine Tang—agreeing on Friday to buy Peace Centre/Peace Mansion near the Orchard Road shopping district for S$650 million. The consortium plans to transform the 7,118 square meter site into a mixed-used commercial and residential development, subject to regulatory approvals.

The transaction comes on the heels of the acquisition in May of Maxwell House by Chip Eng Seng, SingHaiyi and Chuan Investments for S$276.8 million. The property in Tanjong Pagar will also be redeveloped into a mixed-use commercial and residential project, subject to regulatory approvals.

Sales of older properties for redevelopment have been picking up in Singapore, fueled by rising demand for housing, low interest rates and limited supply of land across the city-state. In October, a joint venture between UOL Group and Singapore Land—both controlled by billionaire banker and developer Wee Cho Yaw—won the auction for the Watten Estate Condominium in the prime Bukit Timah district in western Singapore with a bid of S$550.80 million.

Mansion Global Daily: Holidays Don’t Hamper Historic Luxury Real Estate Run in Manhattan, Kemba Walker Finally Sells Boston-Area Mansion, and More

Mansion Global Daily: Holidays Don’t Hamper Historic Luxury Real Estate Run in Manhattan, Kemba Walker Finally Sells Boston-Area Mansion, and More

by Luxury Real Estate


Despite a Holiday Slowdown, Deals for Manhattan Luxury Real Estate Were Three Times the 10-Year Average

It was the strongest Thanksgiving week since at least 2006, according to Olshan Realty. Read More

BY THE NUMBERS


TRENDING TODAY


LISTING OF THE DAY


A Neoclassical Chateau on a Private Peninsula Highlights Seattle’s Booming Luxury Market

The waterfront estate was home to three-term Bellevue, Washington, mayor. Read More

THE INSIDERS


The Pandemic Brought a Renewed Interest in True Craftsmanship, Says French Furniture Maker

Martin Pietri, founder of Emblem Paris, talks about the appetite for classic Parisian designs, mixing heritage pieces with modern interiors and expanding to New York. Read More

NEWS BITES

Sydney Suburban Mansion With a Tennis Court Sells for a Record A$12 Million

A six-bedroom mansion in Pymble on the upper north shore of Sydney, sold for A$12 million (US$8.54 million) over the weekend, setting a record for the suburb. The previous record for Pymble was established in June 2020, when a multi-level residence sold for A$9.87 million. The home has five bathrooms, multiple living areas indoors and outside, a pool, a tennis court and landscaped gardens. It last traded in October 2015 for A$7.05 million. Domain

Historic Property in Kent, England, Asks £1.15 Million

Water Farm, a Grade II-listed, 3-acre property near Ashford in Kent, England, is on the market for £1.15 million (US$1.53 million). Originally built circa 1720 on a deer park, the property has a five-bedroom main residence with about 3,000 square feet of living space, a granary cottage with two additional bedrooms and an open-plan kitchen/living area. Outdoors, there are formal gardens, a pond, a tennis court, a paddock and several outbuildings including a garage and a workshop. Country Life

A Four-Bedroom Apartment in New York’s Lincoln Square Is Available for $4.5 Million

A four-bedroom condo apartment in the Manhattan cultural hub of Lincoln Square, is for sale for $4.5 million. Encompassing roughly 2,250 square feet of living space, the home has two-and-a-half bathrooms, a home office/library, a great room, a formal dining room and a chef’s kitchen. Throughout, the apartment features coffered ceilings, handcrafted moldings, marble slab floors, a new home automation system and motorized shades. The building, known as the Coronado, has a fitness center, a sauna room, a billiards room and a children’s playroom. 6sqft

Former Celtics Player Kemba Walker Sells His Boston Mansion

Former Boston Celtics point guard Kemba Walker has sold his Brookline, Massachusetts, mansion four months after signing with the New York Knicks. Mr. Walker, 31, bought the 9,592-square-foot mansion in the Boston area in 2019 for $11.25 million. The sale price was undisclosed, according to filings made public last week. The limestone mansion has six bedrooms, eight bathrooms, a custom double bridal iron staircase, two kitchens, an au pair suite and a paneled library. boston.com

AROUND NEWS CORP

Donald Trump’s Brother Owned These New York City Apartments for Years, but Never Moved In [The Wall Street Journal]

Has the Housing Market Peaked? That May Depend on Where You Live [realtor.com]

The Wild Ride of 2021 Home Prices [Barron’s]

Signs Aussies Are Escaping to Country [news.com.au]