The former Chicago Cubs star Ben Zobrist is looking to catch a buyer for his Chicago home, near Wrigley Field. His residence is on the market for $2.1 million. The three-time All-Star and his wife, Julianna Zobrist, have filed for divorce and are waving this home goodbye. The couple purchased the place in 2016 from a builder for $1.84 million. The house itself is the site of a memorable moment for Cubbie faithful. The day after he helped the cursed Cubs win their first World Series championship in 108 years, the Chicago Tribune noted, “Zobrist famously emerged from the house to sign autographs for fans and to chat with them, thanking them for their support.” For the next owner, the home itself will be a grand slam. In fact, the property seems to have rapidly found a buyer—an offer is in, and the home is in contingency status. Within walking distance of Wrigley Field in the St. Ben’s section of the city, this chic Victorian estate features six bedrooms, 4.5 bathrooms, and 4,800 square feet, on a wide corner lot. Completed in 2015, its architectural details, such as a turret, add oodles of curb appeal. The gated property features a quaint, covered porch and opens to a front parlor with abundant natural light. Other features include a formal dining room, a large living and dining space, and a top-of-the-line chef’s kitchen. The exceptional design encompasses high-end finishes such as hardwood floors, recessed lighting, and coffered ceilings. A finished lower level includes a built-in wet bar. The master suite offers bay windows, two separate walk-in closets, and spalike master bathroom. Four of the bedrooms are on the top level, with two on the lower level. Other notable features include a large back patio and sports court, with room for outdoor dining, a balcony, integrated surround sound, a three-car heated garage, and lots of storage space. In addition, a 24-hour video surveillance and security system was installed throughout the home, for peace of mind. The convenient location is situated near several parks, shops, restaurants, and public transit. Zobrist and his estranged wife also own two homes just outside of Nashville, TN. Now 39, the versatile Zobrist last took the field for the Cubs in 2019. He made his big league debut back in 2006, as a shortstop with the Tampa Bay Rays, but went on to fill a variety of positions across the diamond. He helped lead the Cubs to their World Series win in 2016, and was named the World Series MVP. Darrell Scott with Compass holds the listing. The post World Series MVP Ben Zobrist Lists Home Near Wrigley Field for $2.1M appeared first on Real Estate News & Insights | realtor.com®. via https://www.realtor.com/news/celebrity-real-estate/ben-zobrist-selling-chicago-home-near-wrigley-field/
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The past year was the ultimate roller-coaster ride in real estate—long upward climbs, steep drops, and no shortage of hairpin curves along the way. And the ride hasn’t come close to slowing down so far in 2021. According to the data on realtor.com® for the first month of the year, it’s clear that the coronavirus pandemic has reshaped house-hunting patterns, and is also driving a whole lot of buying activity. Our latest deep dive into the hottest U.S. markets for real estate—those metros where homes are flying off the market and listings rack up tons of views from eager buyers—shows plenty of changes from the status quo. We’re seeing “spillover markets,” which are close to a larger metro but have lower prices, dominate the ranking. And that’s true for the market that made it to No. 1 for the first time in almost 10 years: Stockton, CA. Stockton is a city of about 310,000 people that’s about 72 miles east of San Francisco’s East Bay area. The Stockton metro also encompasses Lodi, a smaller town of about 67,000 that has vineyards and a wine country vibe. “What we’ve been seeing is, inventory is superlow,” says Jerry Patterson, a Realtor® with Cornerstone Real Estate Group in Stockton. “In Lodi, it’s down 56% compared with this time last year.” Half of all homes in Stockton and Lodi were selling in fewer than 37 days in January—22 days faster than in January 2020. That’s also 39 days faster than the norm in the rest of the country. Patterson traces the housing shortage to just after the initial pandemic shutdown last spring. “It took a couple of months for the listings to dry up—before lockdown, there was a normal amount of inventory,” he says. As in other places, homeowners have been reluctant to put their homes on the market and risk exposure to the coronavirus from potential buyers coming through. Now, there’s a dearth of homes for sale, plus buyers flooding in from the Bay Area armed with extra cash. He estimates a 60-40 split between local and out-of-town home buyers. While the median listing price here was $480,000 in January, that’s a bargain compared with San Francisco, where it’s around $1 million. “We’ve always seen [Bay Area buyers] come in here, but now even more so. They’re coming in hordes, but now with lots of cash,” Patterson says. While they might not be making all-cash offers, often they’re putting up extra cash if a home doesn’t appraise at the agreed-upon selling price, to ensure a sale. Four- and five-bedroom homes are the most popular properties, although starter homes with two or three bedrooms are still in demand by younger couples and families as well as empty nesters. Two other spillover markets for the Bay Area made the list: Vallejo, just north of San Francisco, and Sacramento, the state capital that’s farther east than Stockton. In general, smaller markets continued to grow in popularity, as they did last year, while denser, larger urban areas became less popular. The 40 largest U.S. markets dropped 27 spots, on average, since last year. The hot list
The post The Hottest Cities in Real Estate Right Now Are ‘Spillover Markets’—Where Are They? appeared first on Real Estate News & Insights | realtor.com®. via https://www.realtor.com/news/trends/the-hottest-cities-in-real-estate-right-now-are-spillover-markets/ The political odd couple James Carville and Mary Matalin have voted to let go of their New Orleans home. It’s now on the market for $3.38 million. Not to worry, the Democratic political consultant known as “the Ragin’ Cajun” isn’t leaving Louisiana. Apparently, the couple, who moved to the area over a decade ago, simply decided to downsize into a smaller home nearby. “I live in New Orleans. It’s my home. I don’t have an iota of desire to live anywhere else,” Carville told nola.com. Matalin is a Republican political consultant. The two, who dated while working on opposites sides of the 1992 presidential campaign, can both agree on their great real estate choice. They have owned this glorious Colonial Revival since 2008, when they reportedly picked it up for $2.2 million. It looks as though the political operatives are angling for a profit on their longtime investment, which has also been used for political fundraisers and nonprofit events. So what’s the spin on the house? Located near Audubon Park, the “inspiring architecture with modern refinements” measures a grand 8,279 square feet. Built in 1906, its ornate interiors include a living room with fireplace, a formal, wood-paneled dining room, and built-in bar. An “ultimate” kitchen includes a breakfast nook with built-in seating and opens out to the back deck. All five bedrooms are en suite, including the master, and there are two more half-bathrooms. Other perks include a third floor suitable for an office, craft area, or extra guest room. A lower level offers a media and lounge area. Outside, the quarter-acre garden is a “tropical oasis,” according to the listing description. The lushly landscaped backyard includes a pool, fountains, and a covered deck for outdoor dining and entertaining. Matalin also owns a brick townhouse in Alexandria, VA, which she snapped up for $2.2 million in 2019. The Federal-style abode dates to 1770, and is located in the “Captains’ Row” neighborhood in the heart of Old Town. The high-powered couple formerly owned another townhouse in Alexandria, which was featured in Architectural Digest. Matalin launched her political career as a strategist for the Republican National Committee. In 1992, she ran the re-election campaign for President George H.W. Bush while dating Carville, then the chief strategist for the campaign of the Democrat Bill Clinton. Carville now co-hosts a political podcast. After working on opposing campaigns, they went on to marry. They documented their story by co-authoring the bestseller “All’s Fair: Love, War and Running for President.” Recently, Matalin and Carville penned a bestselling sequel: “Love & War: Twenty Years, Three Presidents, Two Daughters and One Louisiana Home.” Carmen L. Duncan with Re/Max N.O. Properties holds the listing. The post James Carville and Mary Matalin Selling NOLA Mansion for $3.38M appeared first on Real Estate News & Insights | realtor.com®. via https://www.realtor.com/news/celebrity-real-estate/james-carville-and-mary-matalin-selling-new-orleans-mansion/ As the cold weather continues in most of the nation, temperatures in Florida are sizzling—and so is the real estate market. It’s difficult to keep up with the dizzying pace of high-dollar deals in the Sunshine State. To recap February thus far: Only a month after landing on the market for $140 million, a brand-new Palm Beach mansion wound up selling for $122.7 million. The golf legend Greg Norman’s cool compound on Jupiter Island recently listed for $60 million and has already landed an offer. David Tepper, the owner of the Carolina Panthers, just spent $73 million on a brand-new mansion—also in Palm Beach. Big money has migrated south, and Florida’s luxury market is off to a blistering start in 2021. With multimillion-dollar mansions flying off the market, we wanted to take stock of what’s left at the top end of Florida real estate. And we have great news: For deep-pocketed buyers still on the sidelines, there are plenty of other opportunities to shine. Plenty of mansions with enormous price tags are still out there. Slather on the SPF 50 and have a look at the 10 priciest places currently available in Florida. 1. 2000 S. Ocean Blvd, Manalapan, FLPrice: $115 million Known as Gemini, this giant, 62,200-square-foot compound has both Atlantic Ocean and Lake Worth frontage, with 360-degree waterfront views. It’s been languishing on the market for years and was once listed for as much as $195 million back in 2016. Built in 2002, it has plenty of space, with 33 bedrooms, 38 full bathrooms, and 14 half-bathrooms. The main house has 12 bedrooms, each of the four cottages on the beach has two bedrooms, another house has seven, and of course there are guest and staff houses. For fun, owners and guests can choose a bottle of wine from the wine cellar, swim in the pool, putt on the PGA standard golf area, hit some balls on the tennis court, play basketball, work out in the gym, or relax in the spa. To relax, you can stroll through the botanical gardens, which feature 1,500 species of tropical plants. ——-- 2. 1341 S. Ocean Blvd, Palm Beach, FLPrice: $110 million Built in 2003, this 28,399-square-foot Mediterranean mansion on Billionaires’ Row has seven bedrooms, nine bathrooms, and six half-bathrooms. It sits on 2 acres right on the ocean, with an ivy-covered, cloistered courtyard surrounding the pool. ——-- 3. 10 Cannon Pt, Key Largo, FLPrice: $95 million If you want a bit more space, how about your own island? Known as Pumpkin Key, the 26-acre island sits in Card Sound Bay in the Florida Keys, near Key Largo. It’s a short helicopter ride away from Miami and a brief boat ride to shore. Right now, there’s a 5,000-square-foot, three-bedroom home on the island, which was built in 1985. It has loads of entertaining space, with an indoor-outdoor feel and a huge pool. There are also two caretaker’s cottages and a dock master’s apartment near a 20-slip marina that can handle megayachts. The island’s landscape is lush, and there’s room for several more homes. Tennis courts in the center of the island also serve as a helipad. ——-- 4. 901 N. Ocean Blvd, Palm Beach, FLPrice: $84 million Completed this year, this brand-new, 18,000-square-foot mansion also sits on Billionaires’ Row. Inspired by the homes in Bermuda, this estate offers 175 feet of direct oceanfront. It has seven bedrooms with ocean views, as well as two kitchens and oversize living spaces. The lower level has a wine cellar with room for 4,000 bottles, a home theater, and a fitness center. Guests can stay in the two-bedroom guesthouse. ——-- 5. 149 E. Inlet Dr, Palm Beach, FLPrice: $78.5 million This 7,686-square-foot contemporary home is on a large lot at the tip of Palm Beach, with views of Palm Beach Inlet. Built in 2020, the seven-bedroom home has water views of both the ocean and the inlet. Outside is an infinity pool along with tons of outdoor patio space. Inside, luxe amenities include a theater room, a sauna, and gym—all with a modern feel. ——-- 6. 520 Island Dr, Palm Beach, FLPrice: $56 million Never lived in, this 17,190-square-foot home was completed in 2019. The two-story contemporary residence has an abundance of natural light, with doors that open to allow for cross breezes and indoor-outdoor living. Dubbed Lago-a-Lago, the six-bedroom house is being offered fully furnished. For aquatic aficionados, there are docks in both the front and back yard. ——-- 7. 41 Arvida Pkwy, Coral Gables, FLPrice: $49.9 million Sitting on a V-shaped point on Biscayne Bay, this nearly 19,000-square-foot house, finished in 2018, has a dazzling modern design and views of the open ocean and downtown Miami. Walls of glass showcase the views and allow for a seamless transition between indoors and outdoors. The highlight of the outdoor space is a gorgeous glass mosaic pool with an artistic pattern. The eight bedrooms include a master suite with a grand entrance, a custom dressing room, and a spa bathroom. The boat dock is 140 feet long and can accommodate a megayacht of up to 200 feet. Meanwhile, the captain of your yacht can enjoy the captain’s quarters. ——-- 8. 172 S. Ocean Blvd, Palm Beach, FLPrice: $49.5 million Nestled among the stark white modern homes on Palm Beach’s Billionaires’ Row is La Salona—a mansion built in 1928. With its 19,434 square feet of living space on almost an acre, this Mediterranean beauty has belonged to the same owner for three decades. The house boasts 16 bedrooms and includes a three-bedroom apartment on the first floor and another three-bedroom apartment on the second floor. ——-- 9. 8901 Arvida Ln, Coral Gables, FLPrice: $48.5 million Surrounded by 674 species of trees and plants, this 13,465-square-foot estate measures 2.38 acres. Built in 2007, the two-story home has 245 feet of waterfront and direct access to Biscayne Bay and the Atlantic Ocean. And of course, the private dock can handle a large yacht. Inside, the 12 bedrooms and nine full bathrooms each have unique design features. The compound also has its own chapel, wine cellar, and home theater. ——-- 10. 12210 Banyan Rd, North Palm Beach, FLPrice: $46.75 million The ocean is the backyard at this 17,370-square-foot Mediterranean estate. Built in 1991, the seven-bedroom home offers a master bedroom on the main floor and plenty of living space. The interior is ornate, with plenty of Old World charm, combined with modern conveniences. It’s located in the exclusive Seminole Landing neighborhood, and could potentially be subdivided to allow for the development of a family compound or additional structures. The post With Florida’s Luxury Market Sizzling, Here Are the State’s 10 Most Expensive Homes appeared first on Real Estate News & Insights | realtor.com®. via https://www.realtor.com/news/unique-homes/most-expensive-homes-in-florida/ Mortgage rates reached their highest level since November last week, cooling off home purchase and refinance applications ahead of the all-important spring selling season. The average rate on the 30-year fixed-rate mortgage rose to 2.81% in the week ended Feb. 18, the highest since the second week of November, according to mortgage-finance giant Freddie Mac. A measure of mortgage applications fell 11.4% over the same week, according to the Mortgage Bankers Association. Improving Covid-19 vaccination rates in the U.S. and expectations of a large federal stimulus package in the coming weeks drove benchmark 10-year Treasury note yields, which are closely tied to mortgage rates, to their largest weekly gains in more than a month last week. Demand in safe-haven assets such as government bonds weakens when investors feel optimistic about the economy. “Higher rates are a signal of expectations of faster growth and a stronger job market ahead,” said Mike Fratantoni, the MBA’s chief economist. “This last week, rates have turned faster than many people had anticipated.” Rising rates sometimes prompt borrowers to put their mortgage plans on hold for a few weeks, Mr. Fratantoni said. Measures of purchase and refinance activity fell 11.6% and 11.3%, respectively, in the week ended Feb. 19, according to MBA data. If mortgage rates begin to increase at a faster pace, some borrowers could be discouraged from attempting to buy a home during the crucial home-selling months of March through June. In a typical year, more than 40% of annual home sales are made during this period, according to the National Association of Realtors. Still, rates remain historically low, and more people are applying for purchase mortgages and refinances than at the same time in 2020. Last year was a banner one for the housing market, thanks in large part to mortgage rates, which fell below 3% for the first time last summer. Mortgage lenders originated a record $3.6 trillion worth of mortgages last year, according to the Mortgage Bankers Association, an increase of more than 50% from 2019. Refinances accounted for about 59% of that volume. With the 30-year rate near 2.81%, between 16.7 million and 18.1 million Americans could lower their monthly mortgage payments through a refinance, according to mortgage-data firm Black Knight Inc. Lissette Gomez will close this week on a new loan that lowers the mortgage rate on her Cleveland-area condo to 2.75% from 4.125%. Ms. Gomez, a special-education teacher, said she decided to refinance after she watched her boyfriend get a much lower rate on his mortgage. “Everybody was getting the word, especially in the second half of 2020, that the rates were super low,” Ms. Gomez said. “I wanted to refinance when people were jumping on it, and the numbers were as low as they’ve ever been.” The post Rising Rates Damp Mortgage Applications Ahead of Spring Selling Season appeared first on Real Estate News & Insights | realtor.com®. via https://www.realtor.com/news/real-estate-news/rising-rates-damp-mortgage-applications-ahead-of-spring-selling-season/ The sportscaster Joe Buck made quick work of his home in St. Louis, MO. After just four days on the market, the $3,295,000 mansion has received multiple offers and is now in “pending sale” status. Buck, 51, purchased the property in the Ladue area back in 2013, for $2.36 million. Eight years later, the pristine property has been impeccably updated to suit a family of sports fans.
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The co-listing agent, Julie Buck Brooks, a relation of Buck’s, adds, ”The property is situated on 6 private acres in the heart of Ladue—which is not something you find every day. The fantastic outdoor room, with a stone fireplace and pool, provide ample entertaining space.” The 10,269-square-foot residence features six bedrooms and 6.5 bathrooms on three levels. Close to the city’s exclusive Bogey Golf Club, the estate features an open living plan and an idyllic outdoor setup. The co-listing agent, Megan Rowe, calls the property “the epitome of luxury.” She adds, “This home is incredibly popular, due to the unique floor plan. It’s hard to find a luxury home with a ‘ranch’ feel, which provides an open floor plan and main-floor living.” The high-ceilinged entry flows naturally into the living room and formal dining room. The sunny great room includes a fireplace and two sets of French doors leading outside. A large eat-in kitchen is equipped with a center island, breakfast bar, and built-in banquette. The office on the main level—which currently showcases the award-winning sportscaster’s multiple Emmys—includes built-in bookshelves and a unique barrel ceiling. The private master suite, a spacious escape, offers views of the grounds, a luxury bathroom, and two walk-in closets. Four en suite bedrooms are on the main level, and two upstairs, along with a family room. On the lower level, an owner can easily host game-day parties in a lounge area with a wet bar and wine cellar, as well as a full bathroom. The two exercise spaces should satisfy any fitness-minded owner. Outside, the perks include a patio with a stone fireplace, built-in grill, pool, and spa, all overlooking the grounds. The family hasn’t moved far. Last year, Buck and his wife, Michelle Beisner, reportedly upgraded to a massive estate nearby for $4.5 million. The son of the late sportscaster Jack Buck, Joe grew up in the St. Louis area. He announces for Fox Sports, providing play-by-play commentary for the NFL and MLB. He also serves as the play-by-play announcer for the World Series. Beisner is a feature reporter for ESPN. Rowe and Buck Brooks, both with Dielmann Sotheby’s International Realty, hold the listing. The post Sportscaster Joe Buck Quickly Snags a Buyer for His Luxe St. Louis Home appeared first on Real Estate News & Insights | realtor.com®. via https://www.realtor.com/news/celebrity-real-estate/joe-buck-snags-buyer-for-st-louis-home/ A spectacular oceanfront home in Santa Barbara, CA is now available—even though buyers won’t find it on realtor.com®. Apparently inspired by recent big-ticket sales along the Central Coast, the owner has chosen to go the off-market route, according to Mansion Global.
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No price on the place has been made public, but it would be divulged to a qualified buyer. To get a ballpark estimate, the coastal estate was listed in 2017 for $32.75 million, and then relisted in 2018 for $21.5 million. The estate, designed by Wallace Neff and known as the Straus House, had originally been commissioned by Robert K. Straus, heir to the Macy’s fortune, who purchased land in what’s known as the Hope Ranch enclave of Santa Barbara. Straus and his wife lived in a Bel-Air home designed by the Southern California architect, and tapped him to design their coastal retreat. For the interiors, the designer John Hall, who had completed several projects for their Bel-Air residence, was brought in. Neff collaborated with the celebrated landscape architect Thomas Church to design the grounds. Finished in 1970, the coastal abode made a splash when it was first unveiled 50 years ago. Featured in Architectural Digest, the eye-popping estate has since changed hands and undergone a massive renovation. The property is described as “painstakingly restored, expanded, and modernized over a 10-year period,” according to the website promoting the property. The spread sits on an oceanfront acre on the crest of a bluff, with panoramic views of the Pacific Ocean and over to the Channel Islands. The current owner, a local developer, purchased the place in 2007 for $7.5 million and proceeded on the lengthy renovation. Sales materials state that the owner worked with the local Historical Committee on all aspects of preserving the integrity of the design and inspiration of Neff’s work—while also incorporating deluxe accoutrements for today’s luxury-minded buyer. The gated property is accessed by a motor court. The 14,000-square-foot spread includes six bedrooms and eight bathrooms and sits on 1.53 acres. The dramatic main living area features a vaulted and beamed ceiling, a fireplace, and a wall of glass facing the Pacific Ocean. Updates include a modernized kitchen, bathrooms, and a new lower level, which features a spa, media room, two elevators, and two wine cellars. A guesthouse is tucked under a hill, with ocean views. The gorgeous offering is now available exclusively off-market with the listing agents Weston Littlefield, Dalton Gomez, and Aaron Kirman of the Aaron Kirman Group at Compass. There is that one catch, though: Interested parties must contact a listing agent if they wish to find out the price. The post Wallace Neff-Designed Straus House in Santa Barbara Is Available—If You Ask appeared first on Real Estate News & Insights | realtor.com®. via https://www.realtor.com/news/unique-homes/wallace-neff-designed-straus-house-in-santa-barbara/ Doug Pederson, the former coach of the Philadelphia Eagles, is flying away from his Moorestown, NJ, home. The Colonial-style estate is now available for a hair under $2.7 million. Fired by the team just three years after a miraculous Super Bowl win, Pederson is ready for a fresh start. As we reported at the time of the team’s Super Bowl trip, this was actually the Pederson family’s second time living in the east Philly suburb of Moorestown. They first settled in the area while Pederson was serving as assistant coach for the Eagles, from 2009 to 2012. When he left for a job with the Kansas City Chiefs coaching staff in 2013, he also traded his Jersey home for one in Overland Park, KS. In 2016, Pederson returned to the Eagles as head coach, and moved back to the familiar and welcoming neighborhood, paying $2 million for the place that’s now up for grabs. He stands to make a nice profit if the home sells for close to the asking price. The Jersey suburbs are a popular area for Eagles players and coaches to land, as they offer privacy and an easy 15-minute commute both to Center City Philadelphia and New York City. Set on nearly 3.28 acres, the stately, custom-built home from 1985 offers five bedrooms, five full bathrooms, and two half-bathrooms. Highlights of the 6,918-square-foot interior include a two-story entrance with curved staircase. The home flows to a family room with two TVs and an oversized fireplace, as well as formal living and dining rooms. The gourmet kitchen is equipped with two Sub-Zero fridges, two dishwashers, granite counters, and a butler’s pantry. A master suite includes two walk-in closets, a marble fireplace, and marble bathroom. The finished basement offers a gym that looks as if it’s ready for an entire team to work out in. The lower level also includes a temperature-controlled wine room, full bathroom, lounge area, and a media and game room, currently decorated with sports memorabilia. Outside, the backyard is set up for summer, with a pool, bluestone patio, outdoor stone fireplace, wet bar and barbecue area, and hot tub. A separate two-car garage, storage area, golf simulator, and unfinished loft space complete the property. Before his coaching career, Pederson was a quarterback in the NFL for multiple teams from 1991 to 2004, including the Green Bay Packers squad that won Super Bowl XXXI. When he was head coach of the Eagles, the long-shot team won the Super Bowl in 2018, making Pederson one of the few people who have won Super Bowls both as player and as coach. Janet Papale with Long and Foster Cherry Hill/Haddonfield holds the listing. The post Former Philadelphia Eagles Head Coach Doug Pederson Selling NJ Mansion for $2.7M appeared first on Real Estate News & Insights | realtor.com®. via https://www.realtor.com/news/celebrity-real-estate/former-philadelphia-eagles-head-coach-doug-pederson-selling-nj-mansion/ The actor John Travolta is selling his massive, oceanfront Maine mansion for $5 million. The star had owned the longtime retreat with his wife, the actress Kelly Preston, who died last year at the age of 57 of breast cancer. The couple purchased the 30-room estate, on the north end of Islesboro Island, in the early 1990s, according to a spread about the vacation getaway in Architectural Digest. They had heard about the area from Travoltaâs actor pal Kirstie Alley, who apparently also had a vacation pad there at the time. They also owned real estate in Los Angeles, Hawaii, and Florida, according to AD.
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Once they found the perfect place, the couple set about redecorating the home. Built in 1903, it is filled with a mix of antiques, plush custom seating, and dining areas, all in vibrant colors. The Travoltas tapped Christopher B. Boshears to reimagine the space. ââThey couldnât quite put their finger on what they wanted, but when I showed up with lots of color, they went nuts,ââ Boshears told AD in 1999 of his celebrity clients. The massive property is reached by a winding, tree-covered drive and includes a 10,830-square-foot main house on four lots, with 48 acres of oceanfront property. It also has a deepwater dock on Sabbathday Harbor. Travolta and Preston purchased the property for the express purpose of hosting their large extended families for holidays. Itâs set up for large gatherings, and includes 20 bedrooms and 7.5 bathrooms. The living room has a large fieldstone fireplace, along with a custom-built bar area, a dining room with a fireplace, and a large, well-equipped kitchen with a walk-in refrigerator and pantry. The layout also features an office and laundry room. Upstairs, the spacious master suite includes a private sunporch, a full bathroom with a clawfoot tub, and a separate shower. The floor also houses 14 bedrooms and four bathrooms. On the third floor is a childrenâs paradise, with a series of themed bedrooms, a full bathroom, play equipment, schoolhouse, library, and a built-in stage. The property also boasts two large sunporches, and a sunny back deck overlooking the swimming pool. It also includes a detached barn for car storage. The land, partially in conservation with the Islesboro Island Trust, includes open fields with ocean views, walking paths through the woods down to the shoreline, a beach, open ocean access, and garden areas. Travolta is known for his iconic roles in âGreaseâ and âSaturday Night Fever,â as well as âLook Whoâs Talking,â âPulp Fiction,â and âGet Shorty.â Preston had roles in âJerry Maguire,â âThe Experts,â and âGotti.â Travolta announced the death of his wife on Instagram, writing, in part, âKellyâs love and life will always be remembered. I will be taking some time to be there for my children who have lost their mother, so forgive me in advance if you donât hear from us for a while.â However, he recently resurfaced with his daughter Ella, for an appearance in a sweet and very buzzy Super Bowl ad showing off some âGreaseâ dance moves. Brian Wickenden with Legacy Properties Sothebyâs International Realty holds the listing. The post John Travolta Selling Massive Waterfront Mansion in Maine for $5M appeared first on Real Estate News & Insights | realtor.com®. via https://www.realtor.com/news/celebrity-real-estate/john-travolta-selling-waterfront-mansion-in-maine/ The numbers: Home prices rose at the fastest pace in seven years, according to the leading barometer released Tuesday. The S&P CoreLogic Case-Shiller 20-city price index posted a 10.1% year-over-year gain in December, up from 9.2% the previous month. On a monthly basis, the index increased 0.8% between November and December. It was the first time that home prices saw a double digit increase since January 2014, according to Selma Hepp, deputy chief economist at CoreLogic. Additionally, the broader S&P Corelogic Case-Shiller national price index, which covers the entire country, demonstrated a 10.4% gain year-over-year in December, up from 9.5% the prior month. What happened: Prices rose in at least 18 of the 20 large cities tracked by Case-Shiller — Detroit, which is typically included in the 20-city index, was once again not included in the analysis because of issues collecting data amid the pandemic. Phoenix, Ariz. experienced the largest price increase for the 19th consecutive month with a 14.4% increase, followed again by Seattle (13.6%) and San Diego (13%). “From the perspective of more than 30 years of S&P CoreLogic Case-Shiller data, December’s year-over-year change ranks within the top decile of all reports,” said Craig Lazzara, managing director and global head of index investment strategy at S&P DJI. Separately, the Federal Housing Finance Agency released its quarterly home price index for the fourth quarter of last year on Tuesday. According to that report, home prices were up 10.8% compared with the fourth quarter of 2019 and 3.8% from the third quarter of 2020. Western states experienced the greatest home price growth, the FHFA found, led by Idaho (21.1%), Montana (15.5%) and Utah (15.4%). At the city level, Boise, Idaho saw the biggest jump in home prices, while San Francisco saw the smallest. The big picture: The factors contributing to the breakneck pace of home-price appreciation remain the same, even in the New Year. Demand for housing remains extremely high — millennials are in their prime home-buying years, and the pandemic accelerated a trend of people leaving cities for more space in the suburbs. Meanwhile, buyers have all but exhausted the inventory of homes for sale, and with the pandemic ongoing, sellers have been reluctant to list their homes. Plus, years of slow home-building activity has meant that the U.S. has a shortage of housing to begin with. What has changed in 2021 thus far are mortgage rates. They’ve gone up in response to positive economic news in recent weeks as well as the rollout of the COVID-19 vaccine. “The rise in mortgage rates has been putting a dent in affordability for many buyers, setting the stage for a challenging next few months, as consumer incomes have not kept pace with home price gains,” said George Ratiu, senior economist at Realtor.com. What they’re saying: “Housing has been a bright spot during the pandemic with no signs of slowing amid low interest rates and dwindling supply,” Priscilla Thiagamoorthy, an economist at BMO Capital Markets, wrote in a research note. The post Home Prices See Biggest Jump Since 2014—Worsening Affordability Challenges for Many Buyers appeared first on Real Estate News & Insights | realtor.com®. via https://www.realtor.com/news/real-estate-news/home-prices-see-biggest-jump-since-2014-worsening-affordability-challenges-for-many-buyers/ |
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April 2021
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