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:
file:///Users/debhalsey/Desktop/SB10001424052748704405704576064123213962598%202.html.webloc
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‘Extreme Makeover’ Show Downsizes Its McMansions – WSJ.com
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 -
In Some Energy-Efficient Homes, the Boiler Room Is a Thing of …
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 -
Builders’ Dream Home Sold for a Song at Foreclosure Auction …
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 -
HGTV Dream Home – Wikipedia, the free encyclopedia
“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 -
Million Dollar Dream Homes – CBS MoneyWatch.com
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.”It will be interesting to watch the asking price as time goes on…..will keep you posted.
