Central Oregon’s hidden luxury real estate gem lists brand new homesites

Central Oregon’s hidden luxury real estate gem lists brand new homesites

by Luxury Real Estate

Just 18 miles south of Bend, Oregon – the PNW’s outdoor playground and craft beer sanctuary, lies a stunning resort community woven carefully among the Ponderosa pines. A custom home community whose friendly resident dogs fully subscribe to a “walk lightly, but carry a big stick” philosophy. Resting on over 1,000 acres alongside the eastern slope of Mount Bachelor, Caldera Springs has quickly found its way atop many aspiring homeowners’ wish lists – featuring custom homesites, impressive (and growing) resort amenities, miles of trails, and picturesque lakes and streams.

Born from the legacy of Sunriver Resort – arguably the most visited destination in Central Oregon by adventurous spirits up and down the west coast, Caldera Springs offers an intimate luxury home experience. Surrounded by miles of old-growth forest, winding nature trails, and roaming wildlife, Caldera Springs has it all.

Its unforgettable setting near Mt. Bachelor allows visitors to enjoy both the solitude of nature and its four seasons of adventure. From morning walks to evening bonfires, Caldera Springs provides a gateway to moments that matter. Discover a community of warm hospitality, good people, and adventurous spirits – a perfect place to enjoy a brew and perfectly charred s’mores with family and friends.

The feeling of being in Caldera Springs takes you away, whether you’re escaping for adventure or solitude – and it’s hard to imagine a community with such a strong impact can be so accessible. Just 180 miles of scenic driving from Portland through the Cascade mountain foothills, or an easy flight from Seattle, San Francisco or Los Angeles. Nearby Redmond Airport features direct flights from eleven major West Coast cities, and Sunriver Airport provides front-door access by private plane.

The Magic of Sunriver

Many believe there’s a special something about Sunriver, which may explain why so many have planted our roots there. For more than a century, adventurers have flocked to Sunriver to explore this unique outdoor haven. A place where memories are made among the mountains and trees, and stories shared on the green, at the stables, or on the crystal-clear waters.

Caldera Springs was designed to be close enough to access all the things people have come to love about Central Oregon. Situated just 20 miles from Mount Bachelor, and 20 miles from downtown Bend in the other direction, endless opportunities await. Whether you’re after a few powder runs from the Northwest Lift, a day of biking at Phil’s Trail, fly-fishing the Deschutes, or an afternoon tapping into the culinary and brew scene – there truly is something for everyone to enjoy. After a day of adventure, Caldera Springs is here to welcome you with a sense of peace, privacy, and tranquility.

Preserving the forest wild

The team behind Caldera Springs believes in fostering a harmony with its forested surroundings. From the gentle sound of birds chirping to the scent of pine needles scattered on the trail, these elements are here to stay. The Wildlife Forest Preserve, a protected 220 acres of woodlands encircling the neighborhood is a large tract of forest land that will remain wild indefinitely. The preserve will allow mature pines to grow uninhibited and encourage mountain wildlife to roam freely. Created to align with wildlife migration patterns, our four-legged resident friends will happily traverse the terrain. The connection between the community and the land feels as thoughtful as it is beautiful.

Caldera Springs’ mission is to protect the story in which nature is already telling. The Caldera rock outcroppings left behind by once active volcanoes have become a visual cornerstone in many of the brand new homesites. Trails and streams weave around these formations in a way that compliments the land – reminders that our environment is preserved and respected at every turn.

Finally, new homesites available – the first in 14 years

Arising from the east, among 600 acres of stunning forestland, Caldera Springs recently announced its new expansion – the brand-new Mirror Rock neighborhood. Surrounded by ponderosa pines and marked by several native rock outcroppings, the setting is one of the purest and most beautiful in the area.

Mirror Rock is the first new expansion of Caldera Springs since 2007, and the popular resort community just released a limited number of homesites for sale to the public. These properties offer a variety of settings and sizes, with prices starting in the mid $300s.

For more information on the new homesites available at Caldera Springs, please visit the website or contact Linda Dorr or Kristen Butz on the Sales Team at 541-550-1334.

Top luxury home listings in America’s largest cities

Top luxury home listings in America’s largest cities

by Luxury Real Estate

Rocket Companies Vice Chairman and CEO Jay Farner provides insight into his company’s latest earnings, the financial industry becoming more digital and home values and mortgages across the country.

With the luxury home market continuing to boom, FOX Business decided to take a look at the priciest current listings in each of America’s largest cities. 

The folks over at Realtor.com were happy to oblige and provided us with the top listings available on the multi-list, but note that these findings exclude pocket listings and those for sale off market.

So, if you’ve got tens (or hundreds) of millions of dollars burning a hole in your pocket or just want to take a peek at some premiere luxury homes, here are some of the most expensive listings in the biggest U.S. markets today:

New York City – $169 million

This New York City home is listed for $169 million

HOUSES IN THE HAMPTONS: A LOOK INTO LONG ISLAND’S LUXURY REAL ESTATE

This Penthouse sits on the very top floor of luxury tower 432 Park Avenue, 96 stories high overlooking Central Park with 360-degree views of Manhattan. With 8,255-square-feet of living space, it has 6 bedrooms and seven and a half bathrooms.

According to the listing by Ryan Serhant, founder and CEO of SERHANT, the “apex Penthouse is a sky mansion,” and “one-of-one,” never listed before. All the home’s luxury furniture by Fendi, Bentley, and Hermes are included in the sale – and so is the artwork.

The amenities in the building include a private restaurant and lounge, a 75-foot indoor poll, a fitness center, yoga studio, sauna, library, billiards room, conference roomand a children’s playroom.

Los Angeles – $250 million

This new construction in Beverly Hills is slated to be a 19 bedroom, 25.5 bathroom mansion on a lot that spans more than 36 acres.

According to the listing by Rodrigo Iglesias with Hilton & Hyland, it is “the largest property ever permitted in the city of LA.”

The features cited include a bowling lane, wine tasting room, cigar lounge, wine cellar, five-car garage, two saunas, pool with bar, and a waterfall.

MARILYN MONROE’S WEST HOLLYWOOD HOME LISTS FOR $2.49M

Chicago – $30 million

This Chicago home is listed for $30 million (VHT Studios – Chezi Rafaeli, Coldwell Banker Realty)

TRUMPS SELLING PRIZED WASHINGTON, DC HOTEL FOR $375 MILLION

This home on the 89th floor of the Trump International Hotel & Tower at 401 N. Wabash Ave. has five bedrooms, seven and a half bathrooms, and 14,260 square feet of living space that include 18-foot insulated windows.

The listing by Chezi Rafaeli with Coldwell Banker Realty states “nothing like this has ever been or will ever be on the market again, offering 360-degree views of the city [and Lake Michigan].”

Amenities in the building include a health club, outdoor space, a club room and four penthouse-level parking spaces.

Houston – $29.5 million

This Houston home is listed for $29.5 million (Nathan Schroader for Douglas Elliman Real Estate)

‘SCHITT’S CREEK’ MANSION GETS RELISTED WITH $17.4M ASKING PRICE

This 26,638-square-foot home sits on a 4.19 acre lot in the heart of Houston at The Manor on Carnarvon. 

According to the listing by Gigi Huang of Douglas Elliman Real Estate, it was “crafted in the finest luxury details, gold gilded accents, patina wall panels, silk upholstered walls, vaulted ceilings, authentic walnut flooring and French antique fountains.”

The home has an elevator, wet bar, wine room, parterre garden and pool.

Phoenix – $9.98 million

This Phoenix home is listed for $9,988,000 (3DEstates.no)

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This five bedroom, seven bathroom new construction has 8,132 square feet of living space and is called an “award winning architecture masterpiece” in the listing by Maximilian Schopen De Melo with America One Luxury Real Estate.

In addition to its indoor features, the gated estate has two indoor-outdoor bars, multiple outdoor patios, a fireplace and outdoor kitchen along with a negative edge pool. The home offers 250′ views, nestled in the Phoenix Mountain Preserver and Crown Canyon.

Defining Your Unique Brand As A Luxury Real Estate Agent

Defining Your Unique Brand As A Luxury Real Estate Agent

by Luxury Real Estate

Broker Associate at LIV | Sotheby’s International Realty based in Breckenridge, Colorado.

Each luxury real estate agent should have their own unique branding. Whether it is a result derived from affiliating with a luxury brokerage such as Sotheby’s International Realty or Compass or achieved otherwise, it is essential to have a specific and clear identity. Brand consistency and uniqueness not only allow you to showcase your skills and expertise but also give you an edge against the competition. 

Luxury real estate clients look for a professional who is not only capable of completing a transaction but who can also understand their lifestyle and way of thinking.

Be Yourself, Be Unique

Learning from others is always a good way to build a baseline for your business, but being yourself and focusing on portraying your uniqueness will likely give you a huge advantage. Take some time to define what makes you different from your competition. For example, what are your experiences, values and strengths? How do you like to communicate? Are you a creative person? What are your passions? Answering these questions will allow you to refine your brand in a way that cannot be matched. 

Staying positive and having fun are also important traits. You are likely to attract like-minded individuals and create partnerships with others who are similar to you. With this positive mindset, even during hard times, clients will look forward to continuing to work with you not only for your skills but also for your personality. 

Create Your Own Network

The luxury real estate client is likely to look for a professional who has direct connections with different industries and individuals. Many brokerages offer unique ways to interact with each other and network inside the brand. It is important to not mistake a direct personal network that we nurture and receive business from in return for a directory of agents in the same brand. When a luxury selling client is looking to hire a professional, chances are that they are looking for an agent who cannot only list their property but can also find a buyer in their own networks. 

Networking events such as conferences in different industries are a great way to vet for new connections. When approaching someone at such an event, a good practice is to provide something of value and to make an impression that builds trust. Creating a networking brochure showcasing your brand, mission statement and a personal message on how you conduct business goes a long way in comparison to swapping business cards. The person you are talking to will want to know why they should trust you and how you will handle their clients. The confidence you emit strengthens the networking connection.

Printed Or Digital?

Which is the future calling for? The answer is both. Real estate advertising is most effective when we use all forms of media communication. However, as we move toward a “touchless” experience, digital presence is slowly taking over all the printed materials. 

When publishing digital content, it is imperative to keep track of all the material and conduct a regular audit of your online presence. Make sure that it is consistent all the way around and that all links are working. Understand what the target audience is looking for and publish meaningful content to directly target such an audience. 

Lifestyle Versus Real Estate

Although we are in the real estate industry, all markets are experiencing a shift or are bracing for the unknown of the future. Objections on how to market a luxury property during uncertain times can be easily overcome by focusing on the lifestyle of the area. Video is a great tool in this case. For example, for a property in proximity of a ski resort, it is a great idea to have videography capturing skiers, the lift, the design of the location and any other lifestyle elements that would make a buyer fall in love with the property — and most importantly, with what the area has to offer. Make them want to live in and experience the local community. 

Deliver What You Promise

Finally, always deliver what you promise. For example, a listing consultation booklet may show that a new luxury listing will be syndicated on thousands of websites. It is important to be able to point out those websites. The same goes for printed publications. A brokerage is likely to have relationships with several publications and those may be listed in the listing consultation booklet, but once again, it is essential to be able to pinpoint to clients exactly where and how their assets are displayed. 

Create and refine your unique promise as a luxury real estate agent and always strive to deliver nothing less.

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Mansion Global Daily: Miami Luxury Homes Are Having a Moment, U.K. Home Sales Drop by Half After Stamp Duty Holiday Ended, and More

Mansion Global Daily: Miami Luxury Homes Are Having a Moment, U.K. Home Sales Drop by Half After Stamp Duty Holiday Ended, and More

by Luxury Real Estate


Miami’s Luxury Homes Will Gain an Average 10{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} in 2022, Forecast Says

The Florida city is expected to see the highest value growth of any major world city, followed by Sydney and Los Angeles, according to Knight Frank. Read More

BY THE NUMBERS


TRENDING TODAY


MANSION GLOBAL ON YOUTUBE


Dream Kitchens to Make Thanksgiving Prep All Gravy

Three homes with space and appliances to cook for an army feature in the latest episode in Mansion Global’s YouTube series. Watch

LISTING OF THE DAY


Hamptons Charmer by the Center of Sag Harbor Still Feels Tucked Away

Amenities at the home in the New York beach community include a waterside pool with a cabana, private access to a cove and a first-floor in-law suite. Read More

SMART HOMES


Black Friday Deals for Smart-Home Tech

Add some intelligence to your abode—and at slightly less expense—with these Black Friday offers. Read More

NEWS BITES

U.K. Home Sales Drop by Half After Stamp Duty Holiday Ended

The recent end of the U.K.’s stamp duty holiday, the temporary tax break introduced during the pandemic that cut the bill on a home purchase, has drastically reduced the number of properties changing hands. Sales dropped to 76,930 in October, a slump of 52{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} from September, when the tax relief concluded, according to the latest figures from the government. Further alienating potential buyers are soaring house prices. City A.M.

Housing Market Correction Could Spell Trouble for Lithuania

Lithuania’s financial stability could be on the line if its overheated housing market slips into a phase of correction, according to the country’s central bank. Real estate prices are currently 17{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} higher than they were a year ago, meanwhile the housing loan portfolio of Lithuania’s banks grew more than in any other eurozone country this year. “If the trends continue, we could be facing serious challenges to our financial stability in the event of a housing market correction,” said Gediminas Šimkus, chairman of the board of the Bank of Lithuania. LRT

Investors Are the Largest Group of Home Buyers in Ontario, Canada

Investors are the largest segment of home buyers in Ontario, now accounting for more than 25{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} of multi-property owners in the Canadian province when 10 years ago they accounted for the smallest percentage of residential real estate transactions. “The risk is that when prices are rising investors are the optimists in the market… and they actually push home prices up higher than they otherwise should be,” said John Pasalis, president at Toronto-based Realosophy Realty. CBC

Film Producer Lists Suburban Sydney Home

Film producer Antoinette Albert—the co-producer of Baz Luhrmann’s 1992 movie “Strictly Ballroom”—has put her residence in the harborside Sydney suburb of Bellevue Hill up for sale in the “high A$20 million range” (US$14.4 million). The five-bedroom hillside home on the enclave’s Ginahgulla Road, was designed about 40 years ago, and has formal and informal living and dining rooms and a covered loggia. Domain

AROUND NEWS CORP

Ultra-Secure Mortgage Lets Homeowners Fix Rate for 40 Years [The Times of London]

The New Gold Rush: Here Are the Top 10 Cities Job Seekers Are Now Flocking to [Realtor.com]

Stunning Downtown NYC Penthouse Back on Sale With $1M Price Hike to $9M [New York Post]

A Manhattan Couple Created a First-Rate Home in the Second City [The Wall Street Journal]

Luxury real estate experts offer market insight

Luxury real estate experts offer market insight

by Luxury Real Estate

If there’s one thing the past year has taught us, Dallas-Fort Worth has far too many checks in the “pro” column for rising home prices to deter new residents.

“Real estate prices in Dallas are still surprisingly affordable, the job market is booming, cost of living is low and there’s amazing culture here,” said Allie Beth Allman & Associates real estate agent Emily Rogers. “All that combined with the fact that Texas has no state income tax makes it easy to understand why so many people and businesses are moving to Dallas.”

The agents with Allie Beth Allman & Associates say their connections and deep market knowledge have led to success in helping buyers and sellers in today’s unprecedented market. The agents have sold more homes priced at $2 million and above year to date than any other firm, according to Multiple Listing Service statistics.

In neighborhoods where the inventory of homes for sale is lagging behind demand, agents are getting creative when helping their clients find a home. For Jackie Converse, that means working closely with colleagues in her office, as well as those in other brokerages.

“Although inventory remains tight, it’s a great time to buy before sales tick up again,” she said.

In Highland Park, University Park and the adjacent pocket neighborhoods, record-low inventory continues to support a seller’s market, said agent Alexis Collard.

“Here in my neighborhood, we are still seeing record sales with multiple offers,” she said.

“One of my recent listings had multiple offers within the first 72 hours of being on the market.”

She reiterated that working with a well-connected agent who knows what’s coming to market and what’s being offered off market often is critical to finding a home.

In East Dallas, out-of-state buyers’ desire for new construction is fueling home sales, said agent Cliff Kessler.

“We feel this market will sustain its growth for a while, as there are still buyers ready to jump on the next active property,” he said. “Lots of renovations are taking place and land value has risen as well. What a great market to be a part of.”

Meanwhile, homes in Westlake and the neighboring communities in northeast Tarrant County are often under contract in a matter of hours or, at most, days.

“Westlake is still in an inventory shortage,” said neighborhood expert Susan Mathews, who is based in the luxury brokerage’s Southlake office. “Buyers relocating to the area are in search of amazing schools and golf course communities.”

To connect with a luxury real estate expert with deep market knowledge, visit alliebeth.com.

Staggering new report: ‘A Look at Wealth 2021: Real Estate’s New Power Players’

Staggering new report: ‘A Look at Wealth 2021: Real Estate’s New Power Players’

by Luxury Real Estate

Today, nearly three times as many individuals with a $5 million+ net worth own $1–$5 million in real estate, compared to the numbers in 2019 — that’s a 180{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} increase in luxury property ownership.

How did we reach such unprecedented growth in a three-year period? What power groups drive this demand, how do they redefine luxury and what should luxury real estate professionals know as they seek to serve clients in this new buying climate?

Our team at Coldwell Banker Global Luxury® once again looked to WealthEngine, Wealth-X, and The Institute for Luxury Home Marketing to compile the data for “A Look at Wealth 2021: Real Estate’s New Power Players.” What we found was staggering.

Behind the luxury housing boom

Two main factors drive the luxury real estate market today. Cryptocurrency gains, rising stock markets, and 401(k)s have combined with soaring home prices and low-interest rates, allowing consumers to borrow and save more while reinvesting cash. This new wealth allowed affluent individuals to buy more expensive homes — and more of them. People also continue to make life-changing moves, choosing to live out their values or embrace a FOMO-meets-YOLO mindset following the pandemic.

This has put the 2021 luxury real estate market on course to surpass 2020, which was already considered a record year. The volume of wealth spent on luxury real estate rose by over 21{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} between 2019 and 2020 — but when you compare January to August 2021 to the same eight months in 2019, it jumped by 79{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9}. Stats on August 31, 2021, already show real estate wealth in the luxury property market is now greater than 2019 and 2020 combined, with four months left to go.

Additionally, the number of properties purchased January-August 2021 in the $1–$5 million range jumped an incredible 142{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} for luxury single-family homes and 129{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} for luxury attached properties, compared to the same period in 2019. About 71{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} of luxury properties owned by those with a net worth over $5 million are now valued in the $1–$5 million range. We dubbed these folks the new “power players” because of their outsized influence on the luxury real estate market over the last 18 months.

The New Power Players

Suburban settings, resort markets, and secondary cities are still booming, while major metropolises are surging back, according to 2021 data to date. Four core groups are driving demand in these places: Baby Boomers, Golden Millennials, Second Homeowners and Urban Repatriates.

1. Baby Boomers represent 51{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} of power players. Speeding up retirement plans, they’re buying dream homes in places like Park City, Utah, where they can build family compounds near outdoor recreation, or Sarasota, Florida, where there’s sunny weather and a friendly tax environment. Boomers show greater affinity for second-home ownership, as well; there are 2,020,854 Boomers owning more than three properties, the most out of any age group.

2. Golden Millennials own 60{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} of millennial-owned properties priced $1–$5 million. Golden Millennials have reached the life stage (35–40) where they are getting married and having children. This, combined with shifting psychologies during the pandemic and inability to travel, pushed them toward suburban locations, like the Greater Chicagoland area, and hot secondary cities like Atlanta, where they can get more house for their money. The influence of Golden Millennials will be important to watch as their wealth and real estate portfolios grow.

3. Second Homeowners still drive the 2021 market. This power group gobbled up inventory and drove up prices in resort enclaves like Coeur D’Alene and Monterey. Their influence on the overall luxury property market is one to watch; nearly 70{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} of those with a net worth of $5 million+ own two or more properties.

4. Urban Repatriates pump up cities again. Luxury attached property values in 2021 increased an average 14{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} compared to 2020 and 2019, and the number of sales in the first eight months has already increased by over 45{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} compared to the full year of sales in 2019 and 59{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} compared to 2020. Investors capitalizing on low-interest rates and higher inventory in cities like San Francisco and New York are behind the uptick, as are newcomers flocking to the city and former residents who fled in 2020 and are now on the hunt for more square footage and outdoor space.

As these New Power Players continue to make moves in the high-end housing landscape, we will see new definitions of luxury emerge as they refine how and where their wealth is spent. Luxury professionals who want to stay on top of their rising influence and upward pressure on demand and prices are encouraged to read the complete ALAW report on the Coldwell Banker Global Luxury blog.

Michael Altneu is the vice president of luxury for Coldwell Banker Global Luxury.