Billionaire Russell Weiner, who made his fortune on Rockstar energy drinks, has found a new way to get a buzz—buying and selling mansions. The founder of the energy drink company is currently selling three luxury properties on two coasts. In Miami Beach, the entrepreneur has listed a Balinese-style mansion for $35 million. In 2016, Weiner purchased the home, which was built in 2013, for $19,950,300. With over 9,000 square feet on a lushly manicured lot, the gated property leads to a two-story home with high ceilings, six bedrooms, and nine bathrooms. Outside, you’ll find a massive resort-style pool, an eight-person hot tub, and a cold plunge. The private dock can accommodate a yacht of up to 150 foot, and comes with a boat lift and four-ski Jet Ski lift with a swim platform. The coastal estate includes a rooftop deck, a wine cellar, as well as an outdoor oasis. On the 1-acre grounds, there are covered loggias, an outdoor barbecue with outside dining, lawns, and exotic landscaping. According to press details provided by the listing agent, Brett Harris of Douglas Elliman, Weiner has dabbled in real estate investments throughout the country, including Miami Beach, Delray Beach, Beverly Hills, and Hermosa Beach. The standout features and locale of the Miami Beach home caught Weiner’s eye. “The property sits on a rare, 50,000-square-foot lot with lush landscaping and 175 feet of water frontage, with a massive backyard and resort-style pool,” says Harris. Weiner is also selling a residence in Delray Beach known as “Pelican Estate.” According to the Miami Herald, it’s on the market for a whopping $36.1 million. He bought the property for $11.6 million in 2009, and it includes a tennis court, pool and spa, and 12-car garage. If both the Florida homes sell for their sky-high asking prices, the founder of Rockstar will be a real estate rock star, with the chance of clearing more than $70 million. On the West Coast, Weiner recently picked up a contemporary estate in Los Angeles. He paid $16,515,000 for the pad in August, and then quickly put it back on the market earlier this month, hiking the price up to $28 million. Built in 2015, the glamorous residence offers 12,530 square feet of interior space, including multiple living rooms, a designer kitchen, home theater, gym, outdoor kitchen, wine cellar, elevator, home office, and staff quarters. Along with a plush, 2,000-square-foot master bedroom suite, the property includes a 2,500-square-foot car collector’s garage. The 49-year-old founded his company, Rockstar, in 2001, with the idea of serving the beverage in a 16-ounce “tall boy” can. He made Forbes’ list of billionaires in 2019, with a net worth of $4 billion. The post Rockstar Energy Drink Billionaire Russ Weiner Rocking and Rolling in Real Estate appeared first on Real Estate News & Insights | realtor.com®. via https://www.realtor.com/news/celebrity-real-estate/rockstar-energy-billionaire-russ-weiner-real-estate/
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“House Party” is realtor.com’®s official podcast about the overlapping worlds of real estate and pop culture, hosted by Natalie Way, Erik Gunther, and Rachel Stults. Click the player above to hear our takes on this week’s hot topics. After months of anticipation, “A Very Brady Renovation” finally premiered, and we couldn’t wait to give our two cents. The show stars the original kids (now adults) from “The Brady Bunch” and some familiar HGTV design stars like the stars of “Property Brothers” and Leanne and Erik Ford of “Restored by the Fords.” Together, they transformed the original house featured on the show into a replica of the sets we grew up seeing on TV, including the orange and avocado green kitchen, the sunken living room, and the floating staircase. Which parts of the renovation went right and how many snafus did the crew encounter along the way? We cover it all on this week’s episode of “House Party.” Other topics we discuss on our fabulous 40th episode:
Click the player above to listen to this week’s episode. Subscribe on Apple Podcasts, Google Play Music, Spotify, or wherever you get your podcasts. And please: Throw us a five-star rating if you like what you hear. The more good ratings and reviews we have, the easier it’ll be for people to find us. Want to chime in? Have your own crazy home-related story you’re dying to share? We’re all ears, eagerly waiting to discuss all your burning real estate questions. Email us at [email protected], follow us on Facebook, or tweet us @housepartypod on Twitter. ——-- Stories we discussed on ‘House Party’ this week:The ‘Brady Bunch’ House Brings Back 2 Key Colors: Remember What They Are? ‘Sister Wives’ Stars Kody and Robyn Brown Reportedly Find a Nest in Flagstaff San Francisco’s Least Expensive House Snags Multiple Offers After 12 Days on Market ‘I Want a Sleep Divorce’: Why Separate Bedrooms Could Save Your Relationship Kristin Cavallari and Jay Cutler Slash the Price of Their Nashville Mansion Rent Sofia Vergara’s Fab Los Angeles Condo for $10,200 a Month The post ‘House Party’ Podcast: Would You Get a Sleep Divorce?; San Francisco’s Least Expensive House appeared first on Real Estate News & Insights | realtor.com®. via https://www.realtor.com/news/podcast/episode-40-house-party/ No, you aren’t seeing double. This one-of-a-kind home in Lancaster, PA, offers up an exterior design inspired by a telescope. The roofline resembles an extending lens as it spreads out for all to see. Listed for $1.7 million with Marilyn Berger of Keller Williams Elite, the nearly 3,500-square-foot home was built in 1980. The home, which was renovated in 2010, caught the eye of the architecture world and received coverage in Architectural Digest. Its architect, Hugh Newell Jacobsen, whose projects include the home of the late Jacqueline Kennedy Onassis in Martha’s Vineyard, orchestrated the design. The property takes its cues from traditional German farmhouse style. Cedar-clapboard siding and a brick foundation were used to build the four-bedroom structure, which sits on a nearly 3-acre lot. However, the rear of the house is artfully modern. Steel-framed angular glass spans all three stories, in a complete flip from the farmhouse exterior at the front. Throughout the residence, there’s a sense of playfulness. Natural light was a huge factor in the home’s design, through skylights and sliding glass doors to the outside. The Zen-like garden on the property features a pond with a waterfall feature, as well as paths for taking a quick morning stroll. Two walls of the living room are all windows, with views that showcase the property’s dogwood trees, as well as the two-story patio, which stretches along one side of the home. An open circular staircase provides function for reaching different levels of the home, but is also extremely stylish. The home’s finished lower level spans 900 square feet and is currently used as a game room. Should the next owner be a home chef, the kitchen is designed for a pro. A JennAir cooktop, Sub-Zero refrigeration, a warming drawer, center island, and double convection ovens make hosting parties a breeze. Book lovers and collectors of the decorative arts will swoon for the home’s many storage and display nooks. The library boasts a wall of Jacobsen’s trademark “egg crate” shelves. Built-in file drawers—along with a retractable screen—make the a room a peaceful place to retreat from the world. Pennsylvania bluestone flooring was used in many of the rooms, and Pennsylvania flagstone was used on the patio. The master suite has a lovely dressing area, a free-standing soaking tub, and a double custom shower—making it a true retreat. The property’s surrounding dogwoods were designed to be seen from the master suite as well. With views that stretch out across the Pennsylvania landscape, this mix of modernism and farmhouse style is gorgeous from all angles. The post Optical Illusion? Telescope Home Offers Amazing Views in Pennsylvania appeared first on Real Estate News & Insights | realtor.com®. via https://www.realtor.com/news/unique-homes/telescope-home-pennsylvania/ Ever browse real estate listing photos and see a couch or credenza you love—and wished you could buy it? It’s now possible, thanks to a new trend in listing photos that allows you to shop for homes and home furnishings all at once. Many real estate listing photos are currently enhanced with virtual staging. That’s where brokerages take lackluster listing photos and digitally add furnishings or artwork to show the property in the best light. Thanks to CGI-style 3D modeling, these additions do a convincing job of looking as if they’re really in the room, without the back-breaking work of lugging everything in (and out again, later on). Now, the luxury real estate broker Sotheby’s has taken things one step farther. By partnering with Perigold, Wayfair’s luxury furnishing line, and with roOomy, the virtual-staging technology platform, Sotheby’s agents can virtually stage their listing pics with anything in the Perigold inventory. If people viewing these pics spot a lamp or loveseat they adore, they can now click on the item to purchase it directly. Here’s a look at what these listings photos look like, below. Now all you have to do is click on that white dot, and it will take you to more information about the piece, such as its price, its specs, and how to buy it. Pretty cool, right? Click on “Visit their website,” and it’s all yours. The benefits of virtual staging for home sellersIf you’re getting ready to list your own home, you’re probably aware of the difference home staging can make. In fact, according the National Association of Realtors®’ 2017 Profile of Home Staging, 77% of agents polled said staging a home made it easier for a buyer to visualize the property as a future home, while one-third of agents said that staging a home increased the dollar value offered by up to 5%, compared to other similar homes on the market that are not staged. Yet home staging can be expensive, largely due to the labor of moving furnishings into your home. As a general rule of thumb, the average cost for most stagers is between $300 and $600 for an initial design consultation, and $500 to $600 per month per staged room. Virtual staging, however, can be far more budget-friendly—sometimes even free. “Typically, there is no cost” for virtual staging, says John Passerini, global VP for interactive marketing for Sotheby’s International Realty Affiliates LLC. He does add that this often depends on the agreement that the agent has with the seller. Currently, all Sotheby’s International Realty agents have access to the “Curate by Sotheby’s” augmented reality app, which means there are more than 50,000 potential users, says Passerini. And while only a handful of listings so far are taking advantage of this new shop-the-room function, Passerini expects that the number will grow as more agents embrace the app, and more home sellers hear about it. Rebecca Ginns, general manage at Perigold, outlined the benefits of the partnership. “Through this relationship, consumers and real estate agents alike will discover how fine furniture and décor—some of which were previously only available to industry professionals—can truly elevate a room and captivate even the most discerning clientele,” she writes in a press release. “Regardless of the style of home, having the right furnishings can be one of the most powerful tools when creating a space that leaves a favorable impression.” Benefits for home buyersWhile the benefits to home sellers are clear, buyers benefit, too. If they spot something they really want to own themselves, they don’t have to beg the sellers to leave it with the house. However, when the furnishings are virtual, there is sometimes confusion among buyers. They may fall for the real estate photos online, only to visit the home and find the rooms empty, or worse, filled with outdated decor, like wall-to-wall carpet or oak kitchen cabinets. Passerini says Sotheby’s tries to avoid this problem by being clear upfront that the virtual staging isn’t what buyers should expect when they walk through the door. “We try to be as transparent as possible, and require a watermark on the photo to indicate the room was virtual-staged,” Passerini says. “It’s clear that what users are seeing is augmented and virtual.” After all, all these home buyers have to do is purchase what’s in those listing photos to bring their virtual dream home to life! To see an example of these virtual stagings, visit Sothebysrealty.com. The post Love the House—or Just the Couch? New Listing Pics Sell Both appeared first on Real Estate News & Insights | realtor.com®. via https://www.realtor.com/news/trends/love-the-house-or-just-the-couch-new-listings-pics-sell-both/ WASHINGTON— Fannie Mae and Freddie Mac will start keeping their earnings under an agreement announced Monday between the Treasury Department and the companies’ federal regulator. The move suspends a yearslong arrangement in which the mortgage-finance giants handed nearly all of their profits to the Treasury. It also marks an initial major step in allowing the companies to build up capital so they can eventually operate as private companies again. Under the agreement, the companies are allowed to retain over a year’s worth of profits—$25 billion for Fannie Mae and $20 billion for Freddie Mac, the Treasury and Federal Housing Finance Agency said Monday. “These modifications are an important step toward implementing Treasury’s recommended reforms that will define a limited role for the Federal Government in the housing finance system and protect taxpayers against future bailouts,” Treasury Secretary Steven Mnuchin said in a statement. Fannie and Freddie are central players in the housing market, buying about half of all U.S. mortgages from lenders and packaging them for issuance as securities. The government took control of them during the 2008 financial crisis in a bid to stabilize the housing market as mortgage defaults mounted. How the government addresses the companies’ future could resolve the last major problem from the crisis. At present, the companies hold just $3 billion each in capital, and the agreement under consideration would substantially increase that figure. The move starts a process of the companies raising a combined $100 billion-plus that they will likely need to hold before they can return to private hands. The precise amount is to be worked out over the coming months by their federal regulator. The post Fannie, Freddie to Retain Earnings appeared first on Real Estate News & Insights | realtor.com®. via https://www.realtor.com/news/real-estate-news/fannie-freddie-to-retain-earnings/ Here’s a “known known”: Former Secretary of Defense Donald Rumsfeld is letting go of his vacation home in St. Michaels, MD. The Eastern Shore residence, which Rumsfeld, 87, picked up in 2003 for $1.5 million, is on the market for $2.45 million. The sleepy town, about 2.5 hours from Washington, DC, offers a respite from the hurly-burly of political life, for tourists and notable names alike. But the historic home from 1805 comes with a sinister past—way, way before Rumsfeld ever came on the scene. The property, known as “Mount Misery,” by 1833, was apparently the home of a farmer, Edward Covey, who also routinely took on the role of “slave breaker,” the New York Times reported as a side note to a travelogue on the town of St. Michaels. According to the Times article, Covey got his hands on the “rebellious” Frederick Douglass, who grew up in the area and went on to become a great abolitionist leader and statesman. Douglass described the violent but formative experience in his book, “My Bondage and My Freedom,” writing, “I shall never be able to narrate the mental experience through which it was my lot to pass during my stay at Covey’s. I was completely wrecked, changed, and bewildered; goaded almost to madness at one time, and at another reconciling myself to my wretched condition.” When Covey tried to “break” him, Douglass reportedly fought back, and escaped. A 2006 article in the Baltimore Sun suggested that Mount Misery’s history be reclaimed by turning the place into a museum or a monument to a horrific chapter in U.S. history. For some, the home’s moniker of “Mount Misery” may hit a little too close to home. Rumsfeld’s tenure in the Cabinet of George W. Bush was controversial for its embrace of torture as a means of extracting information from suspected terrorists, A play titled “Mount Misery,” exploring the story of the historic property and commenting on the lives of both Douglass and Rumsfeld, was staged in a theater in San Francisco in 2015. The Georgian brick abode, located on 4 private acres, was built on land granted by Lord Baltimore in 1667. Original elements of the four-bedroom, 4.5-bath abode include doors, floors, mantels, and five fireplaces. Measuring 4,052 square feet, the structure was restored in 1954, and then expanded and upgraded by Rumsfeld in 2003. It has an updated kitchen, dining room, multiple living spaces, a gym, and an office. The grounds include flowering shrubs, patios, gardens, plus a pool, sauna, and tennis court. The property also has a 135-foot pier, two power boat hoists, and 700 feet of creek shoreline. Mount Misery must love company. In June, former Vice President Dick Cheney, a longtime friend of the former secretary of defense, sold his neighboring vacation retreat in St. Michaels at a loss, at $2.1 million, after placing it on the market in April for a little over $2.49 million. In 2005, he and his wife, Lynne Cheney, paid $2,667,500 for the estate, located just a couple of miles from Rumsfeld’s residence. Rumsfeld served as secretary of defense from 1975 to 1977 under President Gerald Ford, and under Bush from 2001. His tenure ended when he resigned from the post in 2006. After he retired, he wrote his autobiography, “Known and Unknown: A Memoir.” The post Donald Rumsfeld Selling Maryland Home Known as ‘Mount Misery’ for $2.45M appeared first on Real Estate News & Insights | realtor.com®. via https://www.realtor.com/news/celebrity-real-estate/donald-rumsfeld-selling-maryland-home-mount-misery/ We recently examined the nation’s housing stock, to pinpoint the 10 cities with the most homes priced under $100,000. Steel City reigned supreme—with nearly 2,500 Pittsburgh homes available to purchase for five figures. But there are plenty of other places in the United States where bargain-hunting buyers can find ultra-affordable abodes. We scoured our listings in search of move-in ready residences priced below the magic $100,000 mark. Some are in the places that made our Top 10 list, along with a bunch of pretty cute pads in places off the beaten path. If you’re willing to look outside the big metros, you might be surprised at the adorable starter (or investment) homes available right now. Here are 10 of our favorites awaiting buyers who don’t want to spend a ton of dough on a perfectly nice place to live. 2411 E Main St, Kalamazoo, MIPrice: $97,500 ——-- 1900 Monroe Ave, Racine, WIPrice: $99,900 ——-- 1508 S. Moffet Ave, Joplin, MOPrice: $94,950 ——-- 202 E. Hodge St, Buffalo, SDPrice: $95,000 ——-- 1820 S. 15th St, Lincoln, NEPrice: $99,900 ——-- 7615 Thornton Dr, Cleveland, OHPrice: $90,000 ——-- 1036 N.W. Ninth St, Moore, OKPrice: $90,000 ——-- 1804 Colorado Ave, Rockford, ILPrice: $89,900 ——-- 3894 Healey Rd, Memphis, TNPrice: $55,000 ——-- 110 Frazier Dr, Pittsburgh, PAPrice: $99,000 The post You’d Be Amazed by What You Can Get for $100K Across the Country appeared first on Real Estate News & Insights | realtor.com®. via https://www.realtor.com/news/trends/dont-spend-dough-10-homes-below-100k/ Move over, Millennial Pink! One of the hottest shades for the upcoming year is your much more laid-back cousin, Romance. Paint company HGTV Home by Sherwin-Williams just announced that the color—which is described as “a soft blush tone with a slight apricot influence”—has been chosen as its 2020 Color of the Year. Lately, it seems that an increasing number of design-adjacent companies have taken the opportunity to promote an official color of the year. And while the field might be saturated, we actually feel that HGTV Home by Sherwin-Williams’ choice stands out—but not in the ways that you’d think. It’s not bold, but it acts as a wonderful base for other pops of color in your home. “It is a great backdrop to jewel tones and gold accents that are being brought in with accessories and artwork,” says Ashley Banbury, senior color designer at HGTV Home by Sherwin-Williams, who is involved in predicting the shades that will be trending for the upcoming year. How to use Romance in your homeAlthough Romance is technically a neutral shade (albeit more colorful than, say, eggshell white) it’s not the easiest color to work with. Like many pastel shades, this pinky-beige can read very feminine and may seem better suited to a young child’s bedroom. However, Banbury assures us that Romance can be used in a variety of ways. “It’s a great all-over wall color, and an amazing backdrop to your personal artwork and accessories,” she says. However, if an all-pink room makes you blush, try using it more sparingly, on the inside of a built-in bookshelf or on a door. Feeling inspired yet? Let’s take an even closer look at the ways this trendy color can be used in specific rooms in your home. Freshen up your dining roomPink and green is a classic color combination, but choose the wrong shades, and your place could end up looking like a preppy nightmare. Instead, try blush pink on the walls and a deep jade green on your dining room chairs. The contrast with the dreamy wall color will add a level of sophistication that’ll please you—and anyone who ends up coming over for a dinner party. BedroomBecause of its calming properties, blue is one of the best colors for a bedroom. Romance complements any number of blue hues, from Finian Blue—a shade that Banbury says is reminiscent of the perfect blue sky—to Blue Endeavor, our new favorite version of navy blue. Try a crisp blue paint color on the walls or a cozy dark blue duvet. Then, bring in shades of blush pink with side tables, pillows, and throw blankets. Home office/guest bedroomA home office should inspire you to be creative, so why not go for a bold color on the walls? Mint feels appropriately fresh and can be paired with warmer pink tones (see the bedding and desk chair above). “Mint to Be is a beautiful shade of blue that is vibrant but also allows you to unwind and relax,” Banbury says. This creative color combination can be balanced out with natural accessories, like a leather ottoman, a rattan pendant light, a wooden desk, and plenty of indoor plants. Add sophistication to your kitchenWe love the idea of pairing blush pink Romance with a navy blue. A great way to bring this one-two punch into your kitchen? Try navy blue on the cabinets and soft pink on your dishware, towels, or other cooking accessories and appliances, like this posh pink stand mixer (Williams Sonoma, $429.95). The color used on the cabinets above is Blue Endeavor, one of the new colors in HGTV Home by Sherwin-Williams’ Simply Blissful 2020 Color Collection. The post We’re Blushing! ‘Romance’ Is the New Color of the Year We’d Actually Use at Home appeared first on Real Estate News & Insights | realtor.com®. via https://www.realtor.com/news/trends/romance-color-of-the-year/ An untouched, midcentury modern home in Palo Alto, CA—for sale for the first time in over 50 years—has found a buyer after less than two weeks on the market. The classic beauty was listed for $2.65 million. The time capsule built in 1966 is being sold by its original owner, in its original condition. Perfectly preserved, the home was designed by Aaron Green, who worked with Frank Lloyd Wright as his West Coast representative. The midcentury project was built by the developer Joseph Eichler’s company, Eichler Homes. His home-building business created some 11,000 postwar, low-cost, modern suburban housing tracts mainly in California, between 1949 and 1966. While now over half-a-century old, the open plan layouts with indoor-outdoor space and innovative designs have seen a resurgence in the ultradesirable Silicon Valley city of Palo Alto. “When you enter the property, you’re greeted with the quintessential midcentury modern design and aesthetic of the home,” says listing agent Nancy Goldcamp, with Coldwell Banker. “The original owner of this home lovingly cared for this custom dream home, ensuring the integrity of the original architecture was maintained.” With three bedrooms and two bathrooms, the petite 1,595-square-foot layout features redwood beams, walls of glass, and concrete blocks, materials that were readily available at the time. Finishes unique to the era include the extensive use of mahogany, slab floors with radiant heat, built-in beds, desks, and dressers, and Formica counters. Outside, the space includes a patio area for dining, as well as landscaped plantings. In fact, the landscape design of the formerly flat terrain was added to include “highs and lows” for privacy and interest. In preparation for the sale, the home was given just a bit of a refresh. Additions included custom furniture and fixtures, as well as new cushions in fabric colors in keeping with the era. Clearly, the well-preserved architectural gem struck the right chord with a buyer, who snapped it up soon after it came onto the market. The post Untouched Midcentury Modern Gem in Palo Alto Snapped Up in 2 Weeks appeared first on Real Estate News & Insights | realtor.com®. via https://www.realtor.com/news/unique-homes/untouched-midcentury-modern-home-palo-alto-pending-sale/ Move over, San Francisco: The most expensive rental markets in the nation are in New York City. The City That Never Sleeps boasted 28 of the 50 most expensive ZIP codes in the nation for renters, according to a recent RENTCafé report. The rental listing site looked at ZIP codes in more than 130 big rental markets in July to come up with its list. Only buildings with 50 or more rental units and markets with at least 200 total rentals were included. Members of the 99% may want to sit down for what’s coming next: Tenants in the nation’s priciest ZIP--10282, the Battery Park neighborhood in Manhattan, which abuts ultratrendy Tribeca—paid an average $6,211 a month in rent. Those sky-high price tags are due to the luxury rental towers lining the waterfront, offering just about every amenity imaginable. The next priciest area was NYC’s 10013 ZIP, which includes hip Tribeca, Lower Manhattan, and Chinatown. The average monthly rent in this area that’s seen a lot of new construction in recent years is $5,327. That was followed by Manhattan’s tony Upper West Side ZIP of 10023, where average rents are $5,053. Not surprisingly, the priciest areas of the other coast made the list. The Los Angeles neighborhoods of Westwood Village, 90024, and West Hollywood and Beverly Grove, 90048, rounded out the top five. These ZIP codes sit just off of Beverly Hills. Apartments in them went for an average $4,944 and $4,896 respectively. San Francisco’s Rincon Hill neighborhood, 94105, on the bay came in sixth, with an average rent of $4,858. The rest of the top 10 were in Manhattan: the lower portion of the Upper East Side’s 10065, at $4,777; the Lower East Side’s 10002, at $4,666; the top of the Upper West Side’s 10025, at $4,646; and the Upper East Side’s 10028, at $4,642. What are the most affordable rental markets?On the other end of the spectrum are the most affordable places for renters. And guess what? Not a single one is in New York or California. Heads up, bargain hunters: Four of the 10 cheapest neighborhoods were in Wichita, KS, where two-bedroom, single-family house rentals abound. The rest were also in the lower-priced Midwest or South. Wichita’s Stanley/Aley, Delano, and McCormick neighborhoods, included in 67213, boasted the most inexpensive rents at just $423 a month. It was followed by 38106 in southern Memphis, at $471. The rest of the top five were in Wichita in the Linwood and Mead neighborhoods in 67211, at $472 a month; the Hilltop, East Mt. Vernon, and Grandview Heights neighborhoods in 67218, at $491 a month; and the Sherwood Glen, El Pueblo, and Benjamin Hills neighborhoods in 67204, at $500 a month. The post These Are America’s Most—and Least—Expensive Neighborhoods for Renters appeared first on Real Estate News & Insights | realtor.com®. via https://www.realtor.com/news/trends/these-are-americas-most-and-least-expensive-neighborhoods-for-renters/ |
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April 2021
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