This past weekend, there was an article in the paper version of the Wall Street Journal – so when I searched for it on line to have reference while blogging about it, this is what came up…..it’s interesting to see the difference between “downsizing”, “default”, “clouds over”, “builder’s foreclosure” in 2009 to the present article of huge luxury homes being built on speculation….scroll down to see the mac daddy of them all – built by developers in hopes of a buyer…..click on the link below to see/hear Candace Jackson’s report:
Apr 6, 2010 … Realty Check: ‘Extreme Makeover’ Downsizes Its Dream Homes. Producers of Hit TV Show See Bad Loans, Dashed Dreams, Default … online.wsj.com/…/SB10001424052702304017404575165840903285032. html –Cached – Add to iGoogle
Dec 16, 2009 … But ever since they quit paying their mortgages and walked away from theirhomes , they’ve discovered that giving up on the American dream… online.wsj.com/article/SB126040517376983621.html – Cached – Similar
Nov 13, 2009 … Builders are struggling to distinguish among what post-recession homebuyers need, what they want and what they can live without. online.wsj.com/article/SB125807017854346243.html – Cached – Similar
Nov 20, 2009 … This year’s model home from the National Association of Home Builders has become a poster child for the building industry’s woes, … online.wsj.com/article/SB125867759869456673.html – Cached – Similar
Jul 15, 2010 … In the New Dream Home, Majestic Boilers and Designer Pipes ….. Topics: 74. The place to discuss the featured home on WSJ.com/RealEstate. … online.wsj.com/…/SB10001424052748704862404575350720302248474. html – Cached
Jan 19, 2010 … This just in: The actual 6800-square-foot New American Home, on virtual display here at the annual convention of the National Association of … blogs.wsj.com/…/builders-dream–home-sold-for-a-song-at-foreclosure- auction/ – Cached
“Retiree Wins HGTV Dream Home in Rockies”. Wall Street Journal. http://www. washingtonpost.com/wp-dyn/content/article/2007/03/19/AR2007031901561_pf.html. … en.wikipedia.org/wiki/HGTV_Dream_Home – Cached – Similar
Jan 11, 2011 … Instead, as the Wall Street Journal recently reported, … Building multi- million dollar dream homes on spec is a risky business, … moneywatch.bnet.com/saving-money/blog/home…dream–homes/3608/
From the Wall Street Journal Article:
The developers of the $60 million Miami Beach house say the estate, which has cost them $30 million so far, has one of the state’s first in-home projection 3-D movie theaters. The home, which was built by developers Shlomi Alexander and Felix Cohen, also has a hidden art vault, an elaborate security system and a wine room that can be accessed only via fingerprint identification. Materials like mother of pearl, rare marble and Austrian oak are used throughout. To find the right gold-flecked marble for the master bathroom, the developers say they flew to Italy to personally pick it out from a quarry. To get inspiration for the home’s waterscape and pool, which has a waterfall cascading from the second floor, they visited the Amanyara resort in the Turks and Caicos Islands.
Constructed on Indian Creek Island across a series of limestone pavilions, the 30,000-square-foot glass-fronted home is divided by waterways and koi ponds. Its architect, Rene Gonzalez, who was also a project designer on the Getty Museum in Los Angeles, describes it as a “conceptual” house that’s supposed to feel like a private resort. There’s a central courtyard with landscaped walls and a beach with several tons of sand imported from the Bahamas (chosen over local Florida sand for its pinkish color). Since the potential buyer likely will already own several homes, Oren Alexander, the developer’s son and New York-based broker who is marketing the listing to buyers outside Miami, says the home’s inclusion of furniture will be a big selling point. “The house is such a unique style I think only the developers can furnish it,” he says. “And when somebody’s buying a property they want it to be instant satisfaction.”
The art of the deal transcends all businesses, and more so in real estate than in many other professions. For the client, it's often an emotional purchase or sale, rather than a simple commodity or luxury item. I make it my mission to have each side come to terms with a transaction that works for everyone. It's not always easy, but good things in life usually take effort - something from which I've never shied.
Licensed since 2009 as a real estate sales agent in CT & NY, I often work with clients on the border of both areas.
With sales and distribution experience for luxury designer products, and watching/reacting to the markets, my acumen for sales was established. Achieving success and contributing to the growth of many global apparel designer brands, such as Giorgio Armani and Paul Smith for over 20 years, it was time for a change. I wanted to explore another passion that would keep me in one location rather than traveling the globe.
Now I have the best of both worlds, a successful business as a fulfilling personal life. My husband and I have lived in back country Greenwich since 2003, where we enjoy easy access to great biking, hiking and golf. We love to ski and that's usually where our travel takes us.
Life is good in Greenwich!
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