Beyond the obvious, a polygamous relationship has its challenges. Selling four family homes is just one of those hurdles. Janelle and Christine Brown—stars of the TLC reality show “Sister Wives”—have both had to slash the asking prices on their Las Vegas homes. Now the other two sister-wives, Meri and Robyn, have put their similar Vegas homes on the market, although they haven’t had to change the asking prices—yet. All four of the Las Vegas homes are located in the same gated community. The four women, who are all in a relationship with Kody Brown, have since relocated to Flagstaff, AZ. Janelle and Christine both put their homes on the market in 2018, while Robyn and Meri only recently did so in the new year. For those unfamiliar with the popular TLC show, it follows Kody, an ad salesman, and his “wives” Meri, Janelle, Christine, and Robyn, as well as their 18 children. Brown is legally married only to Robyn. The other women consider themselves married through spiritual union. The show is the family’s attempt to bring awareness to their polygamous lifestyle and has run for 12 seasons on TLC. The four women have lived in four homes in the gated estate since 2012, so most fans will recognize these abodes. After Season 12, the family moved out of the four Vegas dwellings now on sale. Christine was first to put her five-bedroom home on the market last July, for $675,000. It boasts a dramatic foyer entry into a formal living room, updated cabinetry, and a “great” backyard. She reduced the price to $649,000 in the fall. It was further trimmed to $639,000 and now stands at $614,900. Janelle listed her six-bedroom place for $649,000 last year, before reducing it to $599,900 in the new year. The “spectacular” floor plan includes a huge kitchen with granite counters and a master suite with spa bath. There are also covered patios. Meri, who recently opened a bed-and-breakfast in Parowan, UT, just listed her 4,200-square-foot home for $599,000. Standout features include a large loft with a balcony and mountain views, plus upgraded appliances, cabinetry, carpet, and tile. Robyn just listed her residence as well, for $619,900. Her five-bedroom home includes a den with mountain views, large and open rooms, and an outside play area, featuring an in-ground trampoline, planter boxes, a fire pit, and covered patios. According to InTouch Weekly, Kody owns a parcel of land in Flagstaff, which was divided into four lots. It looks like the Brown family found a new compound, which probably means they are motivated to sell their now empty Vegas nests. All four listings are represented by agent Thomas J. Love. The post ‘Sister Wives’ Stars Selling Off Their 4 Las Vegas Homes appeared first on Real Estate News & Insights | realtor.com®. via https://www.realtor.com/news/celebrity-real-estate/sister-wives-selling-las-vegas-homes/
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Ideal for the festival set, this tiny cabin nestled into the desert landscape of Joshua Tree, CA, is now on the market for $199,000. The funky vacation getaway includes three structures on the property: the cabin, a trailer known as a “canned ham,” and two shipping containers that serve as hangout space on the private 5 acres. The property is located about 10 miles away from Joshua Tree National Park, and is about 2.5 hours from Los Angeles, making it accessible as a weekend retreat that only feels worlds away. “It’s so different than anywhere else in Southern California,” listing agent John Simpson says. “It’s just quiet and serene and beautiful. You feel like you went to a whole other world, but it’s just a couple of hours on the freeway. You can see as far as the eye can see. You can get amazing sunsets and sunrises.” Plus, he points out, there’s never a problem with parking. Or traffic, for that matter. (A welcome change for city dwellers.) The cute cabin itself, built in 1957, was a result of a 1930s-era government program, designed as a way for the government to unload unwanted land in 5-acre parcels. There was a catch to snagging a parcel for a rock-bottom price. Buyers had to agree to put up a minimum structure, or “homestead,” on their land. “This was one of those,” Simpson says of the cinder block cabin. Many of the cabins in the area went up as part of the government act. But, he adds, the cabins were usually never inhabited and simply built in order to meet the minimum requirements of the land sell-off. When the previous owner bought the property, the cabin had actually never been used. And it’s no wonder. It had no kitchen, no bathroom, and no bedroom. So a small kitchen and sitting area with a wood-burning stove were added to the 192-square-foot space. A cozy adjacent trailer includes the bedroom and bathroom, as well as an outdoor shower. A covered dining area allows for outdoor meals, and the indoor space also has room for a small eating nook. A shed contains laundry and storage, and two shipping containers help define the outside space. Spruced up by the previous owner, an artist, the containers feature a pingpong table and some light-hearted additions, including a mannequin’s legs that look to be sticking out from under the building, and doodles and drawings decorating the container walls. The owner bought the cabin as a writer’s retreat, and Simpson notes that the area attracts an artsy crowd, who find inspiration in the awe-inspiring surroundings. With 5 acres, there’s plenty of room to spread out and roam. Joshua Tree has become a popular spot for vacation rentals, and when not in use by the owner, this property has been steadily rented out on Airbnb. Just about 10 miles from the park entrance, it’s an easy drive to the few restaurants and cafes that have opened up. Larger chain stores can be found about an hour away in Palm Springs. Plus, it’s a little over an hour away from the Empire Polo Club in Indio, where the annual Coachella festival takes place. Or, you don’t have to leave at all. Simply walk outside and bask in the eerily beautiful desert landscape. The post Hey, Coachella Fans! Quirky Cabin in Joshua Tree on the Market for $199K appeared first on Real Estate News & Insights | realtor.com®. via https://www.realtor.com/news/unique-homes/quirky-cabin-joshua-tree/ After a crazy few years of offers over asking price and bidding wars, the slowing real estate market is making it easier for some buyers to lock down the homes of their dreams. Buyers have a lot more choices as the number of homes for sale is finally rising, increasing 6% in January from a year earlier, according to a recent realtor.com® report. In the largest, most expensive markets, the number of homes with those familiar “For Sale” signs out front were up 12% year over year. That’s because more sellers want to cash in while the market is still relatively hot. At the same time, there are fewer buyers vying for their properties; sky-high prices, rising mortgage rates, and tax changes have simply made it too expensive. “The greater availability of homes for sale is a good thing for buyers. But we’ve just had a record-low number of homes for sale in the last year,” says Danielle Hale, chief economist of realtor.com. “So the market’s improving for buyers, but it still has a long way to go.” Of course, this market isn’t so great for sellers. Having seen the big bucks their neighbors had raked in over the previous years, many hoped to do at least as well, and priced their residences high. But as the market has shifted, sellers have been forced to adjust their expectations. About 15% of realtor.com listings saw price reductions, up 2% from a year earlier. That doesn’t mean that home prices are falling overall. Prices rose 7% annually, to hit $289,300 in January. But the rate of price acceleration has slowed, down from 8% a year earlier. Markets with the most reductions were mostly located in warm-weather areas: Las Vegas; Silicon Valley’s San Jose, CA; Seattle; Orlando, FL; and Phoenix. But there’s no relief in sight for buyers on a tight budget. The increase in inventory tends to skew toward the higher end. For example, the number of homes listed at $750,000 or more was up 12% over last year. Meanwhile, the number of more affordable homes priced at $200,000 or less fell 6%. Ouch. “There’s a bit of a mismatch of what’s available for sale,” says Hale. “People are still interested in entry-level, more affordable properties.” The post Home Buyers Can Rejoice While Sellers Sweat for This Important Reason appeared first on Real Estate News & Insights | realtor.com®. via https://www.realtor.com/news/real-estate-news/home-buyers-rejoice-as-inventory-rises/ The numbers: Pending-home sales slid 2.2% in December to a reading of 99, and were 9.8% lower compared to a year ago, marking the 12th straight month of annual declines, the National Association of Realtors said Wednesday. That’s the lowest reading since April 2014. What happened: NAR’s index, which tracks home contract signings, missed the Econoday consensus for a 0.3% monthly increase. Given all the headwinds facing the housing market at the end of last year, that forecast may have been too rosy. In December, the pending home sales index for the Northeast was up 2%. The index for the West were also up moderately, by 1.7%. But pending sales plummeted in the South by 5%, and in the Midwest by 0.6%. Big picture: The Realtor group named a litany of culprits for the steep decline in December: the stock market correction, high home prices and mortgage rates, lean inventory, and even the government shutdown. Contract signing usually precede closing by about 45 days, so the pending home sales index is a leading indicator for upcoming existing-home sales reports. Market reaction: The Dow Jones Industrial Average was little changed after the NAR release. The Dow has climbed over 5% this month. The post Pending Home Sales Tumble to Lowest in Nearly Five Years in December appeared first on Real Estate News & Insights | realtor.com®. via https://www.realtor.com/news/real-estate-news/pending-home-sales-tumble-lowest-nearly-five-years-december/ Pop music impresario Simon Fuller, the man behind “American Idol” and the global “Idol” franchise, is voting to sell his mansion in L.A.’s Bel Air neighborhood. After initially listing the home in October for $37.5 million, Fuller recently dropped the price to $35 million. He and his wife, interior designer Natalie Swanston, purchased the 11,200-square-foot home in 2014 for $24 million. The listing came after the couple made serious upgrades to the seven-bedroom mansion. The home was built in 1927 by architect Gordon Kaufmann (who also built Beverly Hills’ famous Greystone Manor) and updates were done with a careful eye toward preserving the home’s architectural heritage. Described as an “iconic gem,” the home still maintains its original Georgian bones. However, instead of the red brick exterior it featured when Fuller bought it from billionaire David Murdock, the bricks are now painted a stately white. There are a few black accents dropped in around the home’s awnings, window panes, and front door. The home’s interior is almost completely done up in au courant shades of black, white, and gray—with occasional pops of color in the furniture and accessories. One of the features truly setting this home apart is the turret. It houses a wood-paneled library with a fireplace on the ground floor, and a circular office, also with a fireplace, above it. According to the listing, the white-on-white master suite is a “world unto itself” with a large entrance vestibule, office, gym, dual baths, and gargantuan closet. The grounds, which measure 1.6 acres, include a gated motor court, guesthouse, greenhouse, green lawns, and a pool and spa. Fuller and Murdock are not the only prominent owners of this mansion, which was known for decades as the Fredricks residence. In the 1990s, fashion designer Mossimo Giannulli and his wife, actress Lori Loughlin (“Full House”), enjoyed the views of Los Angeles to the ocean from the house on a hill. Fuller, 58, is one of the most successful pop music producers ever. In addition to his stint managing the Spice Girls, he’s managed Carrie Underwood, Kelly Clarkson, and numerous other pop acts. In addition to the 150 versions of the “Idol” franchise airing around the world, he’s also the co-creator of “So You Think You Can Dance.” He’s diversified and global when it comes to real estate, reportedly owning homes in England, France, and Uruguay. The post ‘Idol’ Creator Simon Fuller Selling His $35M ‘Iconic Gem’ in Bel Air appeared first on Real Estate News & Insights | realtor.com®. via https://www.realtor.com/news/celebrity-real-estate/simon-fuller-selling-bel-air-mansion/ The house once owned by the Man in Black is back! We first took a peek at the lakeside pad of Johnny Cash and June Carter Cash when it officially hit the market in 2017. Since then, the historic home has attracted plenty of buzz, but no serious buyers. But now the current owner, Texas businessman James Gresham, is giving the property new life by exercising an option to sell the land for $3.9 million to a builder or developer who would then subdivide it into residential lots. And whoever buys Cash’s old home will find that the Man in Black (or at least his somber mug) is still very much present: His face is carved into a tree on the property. The 4.5-acre compound includes a renovated one-bedroom, one-bath apartment (which June used as a wardrobe cottage), a covered boat dock on Old Hickory Lake, a guardhouse, and a pool. However, folks eager to purchase the Cash family’s actual home, featured in the Oscar-winning biopic “Walk the Line” and Cash’s famous video for his cover of the song “Hurt,” will wind up empty-handed. The 14,000-square-foot abode burned to the ground in 2007, when a fire erupted in the stone chimney during a renovation. The Cash compound through the yearsThe country crooner and his wife bought the property in 1968 as newlyweds and lived there for most of their 35-year marriage. After the couple died only four months apart in 2003, the property hit the market and was eventually purchased by singer and songwriter Barry Gibb, of the Bee Gees, in 2006 for $2.3 million. Gresham then bought the property in 2014 for $2.1 million. He planned to turn it into a facility for the treatment of eating disorders, but after Nashville residents protested and Gresham battled an unrelated illness of his own, he decided to sell the place. No ‘Johnny Cash condos’Originally, Gresham planned to pass the torch to someone who would appreciate the property’s epic history, and turned down offers from developers. “We don’t want Johnny Cash condos. That would be pitiful,” listing agent Stan Peacock told us in June 2017, after the property had spent a few months on the market. But after nearly two years without a buyer, Gresham is changing his tune and will sell the land for redevelopment, according to Forbes. Peacock noted that an appraisal in November convinced Gresham to redevelop the property and build homes with sky-high price tags. “You’re talking about $2 million to $3 million homes on each individual lot,” Peacock told Forbes. “That’s pretty much the going rate on a high-end home on a lake in Hendersonville.” Care for a peek of this iconic property? Take a look—and be on the hunt for Cash himself hidden in the listing photos! The post Is Johnny Cash Haunting His Old Home? These Listing Photos Reveal All appeared first on Real Estate News & Insights | realtor.com®. via https://www.realtor.com/news/celebrity-real-estate/johnny-cash-tennesse-home-redevelopment/ A magnificent mansion in Los Angeles once owned by boxer Muhammad Ali is taking a swing at the market for $16.9 million, according to the Wall Street Journal. Ali, who died in 2016 at the age of 74, lived there during his marriage to his third wife, psychologist Veronica Porché Ali. The couple bought the estate in 1979 and lived there until their divorce in 1986. Built in 1916, the home last changed hands in 2001 for $2.5 million. If the sellers get close to the asking price—even considering any cash they’ve invested—they will walk away with a heavyweight profit. You’ll definitely feel like a champion in this glorious Hancock Park home. Set behind the private gates of Fremont Place, the 11,545-square-foot home sits on 1.6 acres of parklike grounds, and includes nine bedrooms and seven bathrooms. The large guesthouse contains an additional bedroom and full bath. Designed by architect John C. Austin, known for his work on the iconic Griffith Observatory, many original details remain, including Tiffany stained-glass windows, chandeliers, and stone fireplaces. The home has also undergone renovations over the years, according to the Real Deal. Other standout features include a skylit sunroom, floor-to-ceiling bookshelves, and outdoor space that includes a pool. According to the Journal, during Ali’s time, many bold-faced names visited the Greatest at this residence, including Sylvester Stallone, Clint Eastwood, and Michael Jackson. Ali, a professional athlete, activist, and superstar, is considered one of the greatest boxers of all time. In 1967, he refused to be drafted into the Vietnam War, citing his religious beliefs, a controversial decision in that era. Along with his conscientious objector stance, he became a voice in the civil rights movement. Stefani Stolper of Douglas Elliman holds the listing. The post Former L.A. Mansion of Muhammad Ali on the Market for $17M appeared first on Real Estate News & Insights | realtor.com®. via https://www.realtor.com/news/celebrity-real-estate/muhammad-ali-los-angeles-former-mansion/ Known as the Beach house, this classic Victorian on the market for $3.3 million in Escondido, CA, is nowhere near the beach. Although this vintage gem is located in San Diego County, you will not hear the sound of waves crashing nearby. This Beach house sits pretty atop a knoll almost 15 miles inland from the Pacific Ocean. Built by Albert H. Beach (hence the home’s name!) in 1896, the classic home has plenty of charm, but proximity to sand is not one of them. The property’s half-acre grounds are green and expansive and include immaculately manicured hedges and gardens, stately palm trees, intimate conversation and dining areas, terraces, and sparkling water features. There’s also a period-appropriate, Swiss-Victorian gazebo, assembled in the tongue-and-groove method, with nary a nail. And the lamp that hangs in the gazebo is notable—it once hung in the home of Wyatt Earp. The quaint structure is just crying out for a bride and groom to softly murmur “I do”—which should give you a hint of the ideal use for this property. Although it’s currently a private residence, listing agent Amy Ali of Compass believes the Beach house would be perfect as a bed-and-breakfast or a venue for events such as weddings, teas, or philanthropic activities. Located close to a Catholic university, it could easily serve as a chancellor’s residence, Ali adds. Ali also notes the virtues of its lavish indoor features. Foremost among them is elaborate wallpaper extending to the ceiling. The hand-printed Bradbury & Bradbury wallpaper—custom-designed for this home—took over six months to apply and cost hundreds of thousands of dollars. A previous owner spent millions of dollars and decades of his time restoring the estate to its original glory. Many of the home’s original features were renovated and restored, including the gas lamps that were converted to electricity. The 3,300-square-foot home has four bedrooms and 2.5 baths. Every inch of this home has the mark of a craftsman—there are custom-made, hand-crafted wood doors, antique fixtures, and stained- and leaded-glass windows done to period perfection. There are also expertly restored pieces of furniture that have been in the home since it was built, including sofas upholstered in red silk and custom-built bedroom sets. The price of the furniture is negotiable along with the purchase price for the home. The home’s infrastructure, kitchen, and bathrooms have been seamlessly updated so they blend right in. The detached garage, now used for covered parking, a gym, and a “Martha Stewart–worthy laundry room,” according to Ali, is topped by solar panels that power the house. The estate is on the National Register of Historic Places and is part of the Mills Act. It’s also been featured in San Diego Home and the San Diego Union-Tribune. The home’s located within walking distance of downtown Escondido’s Grand Avenue, so residents can stroll to numerous fine restaurants, the Mingei Museum, and the nearby California Center for the Performing Arts. The home itself is “like a museum inside,” says Ali. “The photos don’t do it justice. No expense was spared in the restoration.” She asserts that anyone who appreciates Victorian style would be right at home in this historic treasure. The post Fabulous Victorian ‘Beach House’ Is Nowhere Near the Beach?! appeared first on Real Estate News & Insights | realtor.com®. via https://www.realtor.com/news/unique-homes/escondido-victorian-beach-house/ Home-price growth continued to ease off the accelerator in November, bolstering economists’ predictions that price growth could slow to be more in line with increases in incomes and inflation this year. The S&P CoreLogic Case-Shiller National Home Price Index, which measures average home prices in major metropolitan areas across the nation, rose 5.2% in the year ending in November, down from a 5.3% increase reported in October. Price growth slowed considerably in the final months of last year compared to the beginning of the year when prices were growing more than 6%. Many economists expect it to slow even further this year, with price growing in line with inflation at around 2% or 3%. That could be welcome news for buyer who have been struggling with affordability as mortgage rates rose late last year. “The pace of price increases are being dampened by declining sales of existing homes and weaker affordability,” said David Blitzer, managing director at S&P Dow Jones Indices. The Case-Shiller 10-city index gained 4.3% over the year, down from 4.7% the prior month. The 20-city index dipped below 5%, gaining 4.7% compared to a year earlier. Economists surveyed by The Wall Street Journal expected the 20-city index to grow 4.8%. Las Vegas had the fastest home price growth in the country for the sixth straight month at 12%, followed by Phoenix, where prices grew 8.1%. Seattle returned to the top three after falling out last month, but still prices there grew just 6.3%— about half where growth was a year ago. About a third of the 20 cities reported greater annual increases in October than November. Home-price growth combined with rising mortgage rates has slowed sales in recent months. Existing home sales posted their largest annual decline in seven years in November and fell to their lowest level in more than three years in December. The post Home-Price Growth Continues to Slow appeared first on Real Estate News & Insights | realtor.com®. via https://www.realtor.com/news/real-estate-news/home-price-growth-continues-slow/ Miami Heat President Pat Riley has brought some heat to the real estate market. He and wife Christine purchased a unit in the Four Seasons Residences at the Surf Club in Surfside, FL, for $8.1 million, the Real Deal reported. While no photos are available of the Rileys’ unit, the fifth-floor condo they purchased has four bedrooms, five bathrooms, and 3,948 square feet, according to the listing. The Surf Club development, completed in 2017, was designed by architect Richard Meier and local architecture firm Kobi Karp. There are currently seven units in the development on the market, at prices ranging from $3.5 million to $18.5 million. Marketing materials for the private residences showcase floor-to-ceiling glass walls, up to 20-foot-high ceilings, and custom indoor-outdoor transitions to terraces that range up to 18 feet in depth. Frameless glass balcony railings on the terrace offer unobstructed views of the Atlantic. Finishes include travertine or wood flooring, Meier-designed master baths, and Boffi and Meier custom-designed kitchens with Corian counters, and Miele and Sub-Zero integrated appliances. Some of the high-end units feature their own swimming pools, courtyards, and outdoor showers and kitchens. The oceanfront project includes a 72-room hotel as well as two 12-story towers with 150 units, with upscale perks such as two pools, a gym, a health and wellness center, and a Thomas Keller restaurant. The basketball executive joins an exclusive list of residents at the Miami Beach towers attached to the luxury hotel, including former Esquire publisher Alan Greenberg, real estate developer Richard Ruben, and Groupon founder Eric Lefkofsky. The site includes the restored original Surfside beach club that dates to 1930 and boasted such high-profile guests as the Duke and Duchess of Windsor. Now, with Riley’s purchase, the condo can also boast the addition of the “Godfather.” Riley is the president of the Miami Heat, and is considered one of the greatest NBA coaches of all time. The 73-year-old served as head coach for five championship teams. The post Pat Riley Reportedly Buys Florida Condo at Surf Club Four Seasons for $8.1M appeared first on Real Estate News & Insights | realtor.com®. via https://www.realtor.com/news/celebrity-real-estate/pat-riley-buys-four-seasons-condo/ |
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