NYC Luxury Sales See a Boost, New Steven Harris Building Announced, and More Real Estate News
Welcome to L.A.’s “Super Garage”
Did you ever think a parking spot could be the most luxurious part of a home? Pendry Residences West Hollywood has partnered with U.K. carmaker McLaren Automotive on a 1,719-square-foot gated “super garage” that provides direct access to the building’s two-floor penthouse via a private elevator.
Dubbed The Show Room, the EYRC Architects–designed garage offers a private washroom, space for up to five cars, and a design allowance so the owner can customize the space in their own unique style.
Don’t have a car? The garage comes with a year lease on a limited-edition MacLaren 765LT supercar—plus a kid-friendly electric McLaren Senna Ride-On for a pint-sized Andretti.
The garage is being offered together with Terrace Estate 608 at a listing price of $16 million.
On the Market
An Aspen Showstopper Is Up for Grabs
A resort-style home belonging to one of Aspen’s biggest developers is up for grabs. Edgar B. Stern Jr.’s thousand-acre Starwood compound is being listed with Chris J. Klug of Aspen Snowmass Sotheby’s International Realty, who calls it “simply the finest Aspen estate.” At $46 million, the Carroll Drive property is also among the most expensive homes for sale in the pricey vacation town.
Stern, who died in 2008, moved to Aspen in the late 1960s, founding Starwood, the town’s only gated community, and developing Red Mountain, now home to an enclave of billionaires.
Completed in 2004, his 17-bedroom home includes a 13,175-square-foot main house, done in the Arts and Crafts style but on a Rocky Mountain scale. Set on six tranquil Starwood parcels, it offers “end-of-the-road privacy,” direct forest access, and uninterrupted views of Elk Mountain.
The Ultimate Sales Tool? A Unique Video
In a market saturated with luxury listings, developers are looking to pull out all the stops to snag the right buyer. Multiplan Real Estate Asset Management did just that for one of its prize listings, the penthouse at 57 Ocean on Miami Beach’s Millionaire’s Row. The firm invested $180,000 in a one-of-a-kind video by DBOX that aims to capture all the glory of the 7,500-square-foot unit designed by Sofia Joelsson.
“The pandemic has had a profound effect on buyers’ psyche, impacting their ability or willingness to travel. Just as grocery markets are facing a new reality with Instacart, and art fairs and boat shows are going online, so too is real estate having its transformational moment,” Marcelo Kingston, managing partner of Multiplan Real Estate Asset Management, said in a statement. “We believe we have created virtual lust for living at the apex of 57 Ocean, and that only a video can truly personify how the ultimate in luxury living has no limits.”
The penthouse listing, priced at $38 million, is being managed by Fortune Development Sales.
In the News
The NYC Market Gets a Belated Christmas Present
Luxury real estate in Manhattan ended 2020 on a relative up note, with 17 homes priced at $4 million and above going into contract between December 28 and January 3, including seven townhouses.
According to the Olshan Realty weekly report, that’s the largest post-Christmas week total since it began tracking figures in 2006.
The top sale was actually the most expensive home ever sold on East End Avenue: a five-bedroom penthouse in a four-year-old Robert A.M. Stern building that was listed for $35 million. Deborah Kern of The Corcoran Group said the buyers, who were local, “liked the intimacy of the building.”
Total sales volume in the luxury market that week was $163 million, with an average asking price of $9.59 million and an average discount of 15% from original to final listing price.