Carefully created curated over the years by Dr. Charles Divelbiss, the “Shipworm Shack” in Wickenburg, AZ, is now up for sale for $2.495 million. Although hardly a shack, its name comes from small holes in the home’s reclaimed wood beams, bored into by worms over time. Set on a dramatic hilltop perch, the retreat looks out to endless desert views in every direction. According to Divelbiss’ 2018 obituary, “The Arizona property was built over a 10-year period using many repurposed architectural elements that make it a truly unique desert home, reflecting his life filled with eclectic personal individualism.” Divelbiss was married to the former Washington state Chief Justice Barbara Durham, who passed away in 2002. And now, Divelbiss leaves a legacy in unique real estate. Materials used by builder Sam Christman to create the home include trusses from “one of the world’s largest wooden buildings,” according to the listing. Douglas fir beams from the Northwest, 20-foot-tall fireplace made from quartz found on the property, and a collection of other treasures make this a one-of-a-kind place to enjoy the desert backdrop—with more than 600,000 open acres backing up to the property. Completed in 2010, the six-bedroom, 5.5-bathroom home has more than 6,800 square feet of living space and a detached guesthouse, making this a relaxing retreat for entertaining friends and family. The property includes 10 private acres of untouched desert. According to the Arizona Republic, the property’s purchase price includes a unique collection of art and artifacts that Divelbiss collected on his world travels over the years. Wickenburg is a sleepy town in the high desert, 65 miles north of Phoenix. The area’s elevation makes it a popular retreat for retirees, and Phoenicians who can afford a second home to escape the heat. The post Notable ‘Shipworm Shack’ in Wickenburg, AZ, for Sale for $2.5M appeared first on Real Estate News & Insights | realtor.com®. via https://www.realtor.com/news/unique-homes/notable-shipworm-shack-in-wickenburg-az-for-sale-for-2-5m/
0 Comments
Half-a-dozen cities from San Francisco to Cleveland are promising tenants the right to an attorney in eviction cases, a costly and logistically daunting initiative that advocates say is a necessary response to rising housing costs and homelessness. If successful, proponents say these programs could provide a bulwark against gentrification and homelessness, and end up saving cities money by reducing the number of families who end up on the streets and in shelters. Implementing such a sweeping new right poses challenges. It requires staffing legal aid offices with dozens of new attorneys, finding space in courtrooms for lawyers to meet with their clients, and slowing the rapid-fire pace of housing court to allow lawyers to file motions in defense of their clients. The Supreme Court granted defendants a right to an attorney in criminal cases in state court in 1963, but efforts to guarantee defendants the right to counsel in civil cases have been much more patchwork. Most of the cities involved, including Cleveland, Philadelphia, Newark, N.J., and Santa Monica, Calif., passed legislation in the past year, so it is early to judge how they have fared. New York was the first city to guarantee tenants the right to counsel, rolling out the program by zip code starting about two years ago. Early results suggest both that the program is working in driving down evictions and also that it has been tough to implement. From 2017 to 2018, evictions declined five times faster in zip codes where tenants have a right to counsel, compared to similar ones where they don’t, according to an analysis by the nonprofit Community Service Society. The infusion of lawyers into a system, where historically most landlords were represented, compared to about 1% of tenants, has strained the courts, not only in their ability to process cases but even to physically fit people in the courtrooms. In housing court in Brooklyn on a typical Thursday, lawyers signed stipulations on recycling bins and searched for quiet crannies to discuss confidential client information. Maura McHugh Mills, a deputy director of the housing unit at Brooklyn Legal Services, said she used to see a couple of other attorneys at the courthouse on a typical day, and now she sees closer to 45. Ishon Mathlin, a 38-year-old construction worker, used the service after his son was killed in June. Grief and an on-the-job injury led Mr. Mathlin to fall behind on his $950-a-month rent. He now owes $600, he said. Attorneys at Brooklyn Legal Services said they can help buy Mr. Mathlin time to catch up on the remaining rent and push for the landlord to make repairs, including patching a hole in his bathroom ceiling and replacing a missing door knob that forces him to open his front door by sticking his hand through a hole. Mr. Mathlin said he doesn’t want to lose the apartment for the sake of his 7-month-old daughter. “I’m not going to end up on the street. I have nowhere to go,” he said. Landlords have said that the significant funds needed to provide representation to lower-income residents could be better spent offering temporary housing subsidies to keep people in their homes. “While I understand the attractiveness of that approach, it does nothing to get to the core issue of the vast majority of evictions, which is people who are unable to pay their rent,” said Gregory Brown, senior vice president of government affairs at the National Apartment Association. More states and cities have started considering providing guaranteed assistance in eviction cases in the past several years, said John Pollock, coordinator of the National Coalition for a Civil Right to Counsel. This has been driven in part by rising housing costs. Rents have shot up 35% in major U.S. metropolitan areas since 2012, according to Reis Inc., a housing data provider. “The housing crisis is what has precipitated it into people’s consciousness,” said Martha Bergmark, executive director of Voices for Civil Justice, a nonprofit advocacy organization for civil legal aid. Most cities have limited the right to counsel to tenants making around minimum wage or less, though San Francisco has no income limits. The cities that have so far guaranteed tenants a right to counsel are largely places that already have strong tenant protections and relatively low levels of evictions. One exception is Cleveland, where about 5% of tenants were evicted in 2016, according to the Eviction Lab at Princeton University. Tenants in Cleveland lack protections found in cities like New York, according to Hazel Remesch, a supervising attorney at the Legal Aid Society of Cleveland. Without an attorney, many tenants agree to simply leave immediately, but Ms. Remesch said lawyers are often able to negotiate for additional time to pay rent or find a new place to live. “We think that makes the right to having an attorney that much more important, because whatever rights they do have, we need to make sure they’re being enforced,” Ms. Remesch said. The post As Rents Rise, Cities Strengthen Tenants’ Ability to Fight Eviction appeared first on Real Estate News & Insights | realtor.com®. via https://www.realtor.com/news/real-estate-news/as-rents-rise-cities-strengthen-tenants-ability-to-fight-eviction/ A big man needs a big house. Retired NBA power forward Antonio McDyess measures 6 feet 9 inches, and just scored a house of equally epic proportions—a 10,287-square-foot mansion in Houston, TX, that he won at a no-reserve auction for an undisclosed amount. The auction was held on Oct. 3 for the luxury mansion, which was last listed in September for $3,025,000. Built in 2015, in the Spanish-Mediterranean style, the six-bedroom, 6.5-plus-bath abode is refined and elegant, with gorgeous hardwood floors, a creamy color palate, and endless opportunities to customize. Cozy spaces are tucked among large-scale areas for sophisticated entertaining, as well as wide-open outdoor spaces, courtesy of the nearly 1-acre lot. Located in the coveted Spring Branch community, the mansion can be found just 20 minutes from downtown. This isn’t the All-Star’s first foray into big-time Houston real estate. In 2013, he listed a waterfront home in nearby Montgomery for $2.275 million, and it sold about a year later for an undisclosed amount. The 45-year-old retired from the NBA in 2011, after a 16-year career with teams including the Denver Nuggets, Phoenix Suns, New York Knicks, Detroit Pistons, and San Antonio Spurs. The Mississippi native played college basketball with the University of Alabama, and became the second-overall NBA draft pick in 1995. He will be one of six 2020 inductees to the Mississippi Sports Hall of Fame in August, according to the Clarion-Ledger. The post Retired NBA Player Antonio McDyess Wins Auction for Massive Houston Estate appeared first on Real Estate News & Insights | realtor.com®. via https://www.realtor.com/news/celebrity-real-estate/retired-nba-player-antonio-mcdyess-wins-auction-for-massive-houston-estate/ Candy cane columns, graham cracker walls, frosted rooftops with gumdrop details—all are hallmarks of the holiday gingerbread home construction season. But not all gingerbread houses are held together by royal icing. Gingerbread in home design refers to the ornate wood cutouts adorning the exterior of Victorian, Colonial, Tudor, and other style homes in fashion around the late 1800s. Dormers, gables, scrolls, and all kinds of intricate trim were first made widely available after the Civil War, thanks to the invention of the power scroll saw, which could mass-produce those carved wood details.The pieces were then loaded onto rail cars and shipped across the country. The result was an affordable way for Americans to re-create the whimsical architectural trim favored in lavish European Victorian homes and nab a bit of that luxury for themselves. The term “gingerbread” was later coined in the 1950s, after American tourists arrived in Haiti and fell in love with its marriage of French and Victorian sensibilities. They were inspired to create a new wave of fanciful, light-as-air architecture, drenched in candy-coated colors, giving them the look of confectionery fairy-tale homes. In almost all neighborhoods across the country, gingerbread homes are still welcome eye candy. There are bed-and-breakfast gingerbreads, cozy family homes, and a few properties ready for a makeover. But they’re all decked out in their wood-trimmed finest, and prepared to delight visitors for decades to come. Take a look at these 12 gingerbread houses for sale, and see for yourself how magical a little wood trim can be. No sugary icing (or cleanup) required! 182 Broad St., Wethersfield, CTPrice: $535,000 Delicious details: Built in 1890, this 5,500-square-foot gingerbread sits on a half-acre in the historic Wethersfield Green neighborhood. With a total of 22 rooms, including four bedrooms and 3.5 bathrooms, there’s plenty of room for a family to stretch out. This three-story home has a wraparound porch, 9-foot ceilings, and a unique studio and darkroom space, which has been used for commercial photography over the past 40 years. ——-- 3 S. Maple St., Shelburne, MAPrice: $415,000 Delicious details: This 1868-built Victorian has been featured on HGTV and This Old House magazine, according to the listing. Sitting on 2 acres in the village of Shelburne Falls, the home has been maintained and updated over the years. The five-bedroom, two-bath home measures 3,900 square feet. Highlights include a copper roof, wood floors, large kitchen and laundry areas, and attached studio with office. ——-- 28 N. 4th St., Fernandina Beach, FLPrice: $775,000 Delicious details: This Victorian is on the market for the first time in over 100 years! It sits on a quarter-acre lot just one block away from Amelia Island’s historic Centre Street, with its shopping and dining venues, and is just minutes from the beach. The 3,000-square-foot home was built in 1904 and has six bedrooms and four bathrooms. The home features stately fireplaces, 10-foot ceilings with crown molding, pine floors, wainscoting, and more. A 337-square-foot guest cottage with storage and workshop is included. ——-- 1319 Reliance Rd., Middletown, VAPrice: $415,000 Delicious details: This 9-acre estate includes a Queen Anne Victorian built in 1894 with more than 3,000 square feet of living space, including four bedrooms and two baths. Recent updates include a kitchen addition with white oak cabinets, reclaimed board floors, a security system, high-speed internet, and new exterior paint. Vintage details remain, including the stained glass, and both front and rear stairs. The property comes with two barns, a detached garage, and pond. ——-- 113 Douglas Hts., Union, SCPrice: $109,900 Delicious details: From the curb, this whimsical home looks like something out of a children’s tale. But inside, the Tudor is roomy and modern, with an updated kitchen and bathroom. The two- bedroom, one-bathroom, 1,500-square-foot home was built in 1981 and is full of surprises—like the upstairs loft with built-in bunk beds, and an unfinished basement with endless possibilities. ——-- 156 Rockdale Rd., Rockwood, PAPrice: $299,000 Delicious details: Over the years, many visitors to the Laurel Highlands have stayed in this Victorian beauty, currently being operated as a B&B. The five-bedroom, three-bathroom, 2,000-square-foot house was built in 1902 and features a cedar wraparound porch, pellet stove, and large kitchen with butler’s pantry. Many furnishings are included in the purchase price. ——-- 38 Mendham Rd., Peapack Gladstone Boro, NJPrice: $475,000 Delicious details: Original elements of this 1895 Colonial include the gingerbread trim and pumpkin pine floors. The three-bedroom, 2.5-bath home features a lovely kitchen, and the dining room with built-in bar and wine area are new. The quarter-acre lot includes lush landscaping and slate patio. The location is just a short walk to the train to New York City. ——-- 13 Baker St., Foxboro, MAPrice: $750,000 Delicious details: Sitting on three-quarters of an acre in a neighborhood of historic homes, this 1835-built carpenter Gothic gingerbread cuts an imposing figure from the curb. It’s filled with details like built-ins, and features a gorgeous glass, vaulted conservatory. The 3,100-square-foot home has four bedrooms and 3.5 baths. It features a modern interior, with a Shaker cherry kitchen, herringbone-patterned oak flooring, in-law suite, and more. Outside, a stone patio and heated, saltwater pool offer stylish and luxurious living and entertaining spaces. ——-- 906 Prince St., Georgetown, SCPrice: $359,000 Delicious details: Previously used as an office, this gingerbread home was built in 1894. The purchase price includes Architectural Review Board-approved plans for a new owner’s suite, for conversion to a residential space. The three-bedroom, 1.5-bathroom property sits on a half-acre with lush vegetation. Original features include the staircase, mantel, wood floors, and exterior architectural details. ——-- 2422 Rocks Rd., Forest Hill, MDPrice: $625,000 Delicious details: This 3,700-square-foot home is in “moderate disrepair,” according to the listing, and the interiors are outdated. But when the five- bed, 2.5-bath abode was built in 1900, it was a showplace with a corner turret, front-facing gables, and ornate gingerbread trim. It was last renovated in 1995, including historically sensitive updates. The acre lot also includes a pool, patio and changing room, rear deck with gazebo, hot tub, and two-story garage. ——-- 202 S. Acrorn St., Fredericksburg, TXPrice: $449,000 Delicious details: This two- bedroom, one-bath, 875-square-foot cottage was originally built around 1900 and reconstructed in 1995 with specialty milled lumber and gingerbread detailing, metal ceilings, and wood floors—all the better to replicate the look popular in the area during the 1800s. Currently being offered as a popular short-term rental on Airbnb, the home is just blocks away from shopping and dining venues, and comes fully furnished. ——-- 219 N. Harris St., Sandersville, GAPrice: $375,000 Delicious details: This pink gingerbread is listed on the National Register of Historic Places, made famous by Rachel Paris, who set a children’s book there titled, “Silk Stocking Street.” Her parents, Henry and Pauline Paris, moved into the 4,500-square-foot abode in 1900. Many original details remain, including the front porch, gingerbread trim, stained glass, and gold leaf moldings. Other highlights of the four- bedroom, 2.5-bathroom house include a pool, pool house, and lush, mature landscaping. The post Live Like Hansel and Gretel: 12 Gingerbread Homes You Can Buy for Real appeared first on Real Estate News & Insights | realtor.com®. via https://www.realtor.com/news/trends/live-like-hansel-and-gretel-gingerbread-homes-you-can-buy-for-real/ After multiple price cuts, baseball legend Barry Larkin has finally scored a sale of his Orlando, FL, home for $4,587,500. The property has been on the market since 2012, and it’s the end of an eight-year sales saga. The Hall of Fame shortstop and his wife, Lisa, built a custom abode that suited their tastes but clearly wasn’t for everyone. “It’s going to take a specific buyer to see what we have here,” Larkin told the Wall Street Journal in September, when the couple relisted the mansion for $5.4 million. That price tag finally encouraged a buyer to take a swing, and the place sold this month. This success came after years of failed attempts to find a buyer, and and a deal that was half what the couple had been hoping to fetch for the home. It was listed in 2012 for $10.9 million, but no buyers stepped up to the plate. In 2014, the couple cut the price to $9.6 million. In 2016, when we caught up with the ballplayer’s real estate travails, the price was slashed to $6.9 million. Last year, the ask was chopped yet again by another $1 million. This fall, the couple settled on a final asking price for the waterfront residence that was in the right ballpark to shake loose a buyer. Despite buyers’ apprehension, the home itself appears to be a score. Built in 1998, the eclectic estate features seven bedrooms, 10.5 bathrooms, and 14,777 square feet. Set on 2.46 waterfront acres, the grounds include a pool, gym, tennis court, and boat dock. Outside, you can entertain guests with two outdoor fireplaces and an outdoor theater. Inside, the luxury abode opens to a 23-foot-high ceiling, a stained-glass rotunda, mosaic tile, and twin glass staircases. In addition, find a gourmet kitchen, and a formal living room with a two-story round glass wall overlooking the pool and lake. Upstairs, the master suite includes a wet bar, fireplace, spa bath, and walk-in closets, as well as a separate sitting room. Guest quarters include a kitchen and master suite. The property also has two elevators. The location is adjacent to the Bay Hill golf community, and is also close to Disney World, Universal Studios, beaches, and the airport. Now 55, Larkin starred at shortstop for the Cincinnati Reds from 1986 to 2004. The 12-time All-Star was inducted into the Baseball Hall of Fame in 2012. Mark Santolin with Engel & Volkers represented the seller. The buyer was represented by Jean Lei with Keller Williams at the Lakes. The post Holiday Miracle? After 8 Years, Barry Larkin Finally Sells Orlando Mansion appeared first on Real Estate News & Insights | realtor.com®. via https://www.realtor.com/news/celebrity-real-estate/barry-larkin-finally-sells-orlando-mansion/ In a perfect world, the holiday season would be a magical, stress-free stretch of time when we slow down, bake gingerbread cookies, and savor decorating our Christmas tree. Thatâs the way itâs painted on the Hallmark Channel, anyway. The reality? Trimming the treeâand keeping it uprightâcan present a variety of challenges. As weâve highlighted in the past, #christmasfails come in all shapes and sizes, and this year, we couldnât help but notice how many people actually documented (and posted!) their very own Christmas trees toppling over. Most of these accidents occurred at the handsâer, pawsâof their lovable pets. Were these pesky animals just curious about that big green thing sitting in the living room, or were they hellbent on causing chaos? Weâll never know. But what we do know is that the gaffes captured in the following videos are some of the best, most unfortunate Christmas tree fails weâve seen in a while. And kudos to the folks who decided to share these Yuletide disasters with the rest of the world, via Instagram. May we all find the same levity when a similar snafu arises in our own homes. 1. Thatâs not a scratching post
A miniature Christmas tree is about the height of a cat scratching post, and itâs fun for cats to paw at, so what part of putting the tree on the ground sounded like a good idea? It was only a matter of time before this frisky feline would sink its claws onto the branches and have to hold on for dear life. The lesson here would be to elevate the small tree onto a table, although thatâs not always a foolproof solution, as youâll see in some of the other videos below. 2. Grab the tree by the lightsThis goldendoodle was determined to find the end of those string lights, even if it meant pulling a little too hard. A word to the wise: Donât position your Christmas tree next to the sofa if you have pets that like to perch on it. 3. That escalated quickly
It took a mere 10 seconds for this curious kitty to start pulling on this tree, and because of its small stature, have it come crashing to the ground. As we said above, a miniature tree on the ground and a pet donât mix, but weâre actually impressed by how little time it took for this cat to get all up in that treeâs business. Knowing they have a particularly rambunctious cat, maybe next year, theyâll keep the tree out of kittyâs reach. 4. Cat caught on candid cameraThe beauty of having home security cameras is that you can be privy to all the ruckus that happens in and around your home when youâre not there. So when you arrive home and find your Christmas tree toppled overâas in the video aboveâyouâll be able to identify the culprit. Around 18 seconds into the video, youâll see the tree start moving, and the crescendo occurs after about 30 seconds. Thankfully, the culpable cat wasnât hurt, but to prevent any injury from a falling tree, experts recommend anchoring it to the wall. Place the tree in the corner of the room, wrap fishing line around the trunk, and then secure each end with hooks screwed into the wall or windowsill. 5. Partners in crime
The body language of these two dogs at the end of the video says it all: They knocked over the tree, and they feel very guilty about it. But itâs not their fault that the tree is full of round ornaments that look like tennis balls! If thereâs a chance that your pets might try to grab ornaments off the tree, be sure to place them up extra highâespecially the ones that look like snacks or toys. 6. The holidays are all about balance
Weâre 99% sure this video was staged just for laughs, but weâre including it anyway, because if it is real, itâs a truly epic fail. This poor guy was just trying to place the tree topper, but gravity got the better of him, and launched him into a belly dive on his tannenbaum. We applaud his effort at the end to brace himself on the ceiling, but at that point, there was no coming back. Maybe use a bigger ladder next time? The post Timber! 6 Christmas Tree Fails So Bad We Canât Look Away appeared first on Real Estate News & Insights | realtor.com®. via https://www.realtor.com/news/trends/christmas-tree-fails-so-bad-we-cant-look-away/ The Michelin-starred chef Thomas Keller, known for his acclaimed Napa Valley restaurant the French Laundry, has whipped up a home purchase in Napa, CA, for $2.1 million. The sale closed in November. Built in 2002, the four-bedroom, 2.5-bathroom abode with 2,654 square feet may have all the right ingredients the restaurateur needs, either for his next home, or perhaps, another business venture. Fans of his eateries can only hope. Alas, we were unable to find any listing photos of the award-winning chef’s purchase. But, based on the address, it’s certainly conveniently close to two of his restaurants in nearby Yountville—only about 4 miles to his food meccas Bouchon and the French Laundry. This isn’t the first time the cookbook author has picked up a home in the area. Three years ago, we reported that the native Californian had scooped up a dated Napa-area home for $1.9 million. That same home changed hands this July for $2.3 million, providing the chef a tasty profit. Perhaps the famous chef enjoys a home flip or two when not cooking up his latest gourmet project? We don’t know what’s on the menu this time, but given that the owner is one of the world’s greatest chefs, we’re sure it will be quite appetizing. Now 64, the award-winning chef runs multiple dining destinations, including the French Laundry, Bouchon, and Ad Hoc in Yountville, Bouchon in Las Vegas, and Per Se in New York. He’s also the author of “The French Laundry Cookbook.” The post Chef Thomas Keller Cooks Up Home Purchase in Napa for $2.1M appeared first on Real Estate News & Insights | realtor.com®. via https://www.realtor.com/news/celebrity-real-estate/chef-thomas-keller-2m-home-purchase-in-napa/ Two years ago, singer Kelly Clarkson listed her incredible Tennessee mansion for a whopping $8.75 million. When it was still on the market a year later, no one really questioned it. In fact, listing agent Jack Miller didn’t bat an eye, and told realtor.com® that listings of this caliber tend to sit on the market for a year or more. No big deal. After purchasing the home in 2012 for $2.86 million, Clarkson sunk a ton of cash into renovations, turning the estate into a sparkling combination of formal and family-oriented space. Since the coach on NBC’s “The Voice” has now settled comfortably in California, it seems she’s ready to get out from under this Tennessee mansion for good. Miller may have stated that a home like this would take a couple of years to sell, but Clarkson is making moves to speed things up. She’s slashed the price by $1.25 million, probably hoping that the new $7.5 million price tag will attract a long-awaited buyer. The home is pretty spectacular, though, so it’s worth visiting again. First of all, there’s the sheer size of the property. The gated estate comes in at just over 4 acres, offering the ultimate in privacy. The location isn’t bad either. The chateau sits on the waterfront, with mature, picturesque trees dotting the property. It has seven bedrooms and more than eight bathrooms, gorgeous living spaces, a state-of-the-art kitchen, and a huge master suite with an elegant, enormous bathroom. There’s also a game room and an office. The backyard is another standout. A sprawling, covered veranda leads out to a saltwater pool and a private gazebo. The lawns are perfectly manicured, with unique landscaping. And let’s not forget the full-on playground. As if all that wasn’t enough, there’s also a volleyball court and a conservatory for the plant lover. Clarkson’s home is definitely worthy of a magazine cover, and maybe at this new price point, the right buyer will come along singing the right tune. The post Kelly Clarkson Slashes Price of Sprawling Tennessee Estate to $7.5M appeared first on Real Estate News & Insights | realtor.com®. via https://www.realtor.com/news/celebrity-real-estate/kelly-clarkson-slashes-price-of-sprawling-tennessee-estate-to-7-5m/ Mary Warren received her sociology Ph.D. at Arizona State University in 1997—and enjoyed her time at the Tempe campus so much she has decided to go back and live there. The 72-year-old recently paid around $500,000 for a two-bedroom apartment at Mirabella, a 252-unit high-rise project on ASU’s downtown campus aimed at seniors and developed by the university with a private real-estate firm. Ms. Warren said she’s looking forward to moving in and auditing courses at the university when the development opens at the start of the 2020 fall semester. “There’s so much out there to learn, you might as well take advantage of it,” said Ms. Warren, an early-childhood-education professor. With state government subsidies for higher education lagging behind prerecession levels after cuts, and with many traditional students struggling with college debt, some universities think they have found a promising new source of income in retired seniors. More schools are building or planning senior-living facilities on or near campus to cater to baby boomers who view college as a stimulating alternative to bingo at an archetypal retirement home. Some savor the pursuit of academic and cultural interests. Others are lured by the promise of interaction with younger students, for whom many hope to act as mentors. “There were a lot of things that I didn’t think I was good at in college that I know I am now,” said Elizabeth Ewing, 78, a retired fashion designer who recently put a deposit on a home with her husband at Broadview, a community planned for the State University of New York’s Purchase College. “Math, statistics, engineering. I’d kind of like to see what all that’s about.” It is the latest way for universities to profit from one of their greatest assets, land. Colleges have already taken advantage of this privilege by developing hotels and high-end student housing. Now, some see sales of upscale senior housing as the next step. Lasell University, just west of Boston, built one of the first on-campus senior communities two decades ago. It requires members to take 450 hours of coursework or activities each year. Other programs have since sprouted up in places like the University of Michigan and Oberlin College in Ohio. Some communities are on campus; others are situated nearby and may have only a loose affiliation with the school. Many offer assisted living and nursing options. Anne Doyle, president of Lasell Village, isn’t surprised that schools are catching on to the concept. While the number of baby boomers settling into retirement is expected to keep rising for several years, the number of high-school graduates heading to college is projected to start decreasing during the same period, because of birthrates. “Thinking about how you combine these two decidedly separate industries…provides enormous opportunity,” Ms. Doyle said. “One is in a growth industry and the other is serving a demographic that’s declining.” Legacy Pointe, a community in the planning stages with the University of Central Florida, will have 296 retirement homes. Although located off campus, it will stay connected to the university by offering transportation to campus for courses and by bringing in medical students for research and rotations. SUNY Purchase hopes to begin construction next year on a 40-acre on-campus senior-living development with 220 homes priced at up to $1.9 million for a two-bedroom villa, plus monthly charges that run between $3,300 and $10,000. As with many other senior-living arrangements, most of the original sale price is refunded when residents leave. The university plans to set aside 20% of the apartment homes for affordable housing. After launching sales in May, 25% of the units are in contract; the university has to reach 70% before construction can begin. The project, less than 20 miles north of New York City in Westchester County, will include walking trails, a pub and a swimming pool. Seniors can also audit classes and attend campus concerts. The centerpiece is the learning commons, where Purchase plans to offer a variety of programming meant to bring traditional students into the senior-living residence for cross-generational interaction. That includes offering the community as a captive audience for students in the performing arts, and in the sciences, where working with an aging population can benefit research. The swath of land represented a unique opportunity for the project’s developer, Life Care Services, because there are few sites in the area where such a senior-living community could be built. And while there is an emerging glut of senior housing as more retirees look to stay at home longer, specialized retirement communities are still in demand, said Todd Shaw, an executive at LCS. “It’s really been overwhelming, the interest in lifelong learning. There’s something there that’s not just about living in a place that will take care of me for the rest of my life,” Mr. Shaw said. In Tempe, Mirabella, with a minimum age requirement of 62, has sold most of its 252 units, at prices ranging from about $380,000 to $1 million. The high rise, nearing the end of construction, will have three penthouse-level dining and drinking options, workshops for art and woodworking, and a classroom and library for studies. The post Seniors Want to Go Back to Class. Universities Want to Sell Them Real Estate. appeared first on Real Estate News & Insights | realtor.com®. via https://www.realtor.com/news/trends/seniors-want-to-go-back-to-class-universities-want-to-sell-them-real-estate/ After a long career of racing cars at unthinkable speeds, NASCAR Hall of Famer Rusty Wallace is revving up a sale of his mountain retreat for $1.599 million. In this spot in the mountains of North Carolina, he was able to slow down and enjoy the simple pleasures of life. The four-bedroom, four-bath home is situated in Linville Ridge, a desirable resort community right outside Raleigh, NC, with stellar views of Grandfather Mountain. “I love sitting in front of the fire here in the winter and watching the snowfall,” Wallace said. “And then I really love being able to sit out on the deck in the summertime and enjoy that amazing mountain view.” The home, he adds, is great because it’s all one level and easy to just lock up and go when needed, a convenience for someone who travels far and wide for various reasons. But it wasn’t just the home that sold him. “Don’t get me wrong, the home is perfect, but the community was in such amazing shape,” Wallace explained. Linville Ridge is a premier, private community in the Blue Ridge Mountains of North Carolina. “There’s no better place to be, especially in the summer,” says listing agent Jonathan Rivers. “Linville Ridge offers high elevations, a mountaintop golf course, and big mountain views, while remaining close in proximity to shopping, grocery stores, restaurants, and area attractions. It’s the best of all worlds.” The sprawling estate is as special as the community in which it is located. Hardwood floors run throughout, and the living space showcases a floor-to-ceiling fireplace. With 3,567 square feet and an open floor plan, the space appears bright and inviting. “The house is always filled with natural light during the day, thanks to the many skylights,” Rivers said. It also has an oversized back porch and an abundance of windows to take full advantage of those mountain views. So, why would Wallace leave such a perfect home? “I love that when I’m at Linville Ridge, I don’t have to worry about leaving for anything, because everything I need is right here for me,” Wallace said. “There are five restaurants, a spa that I visit every time I’m in town, and a golf course that I love to play. I really have no reason to leave.” The amenities are nice, as is the home, but there is one big reason to drive away: a growing family. With three grown children and a handful of grandchildren, Wallace’s beloved Linville Ridge home isn’t quite large enough anymore. It’s definitely going to be the perfect abode for someone else, though. Buyers: Start your engines. The post NASCAR Legend Rusty Wallace Lists Mountain Retreat in North Carolina for $1.6M appeared first on Real Estate News & Insights | realtor.com®. via https://www.realtor.com/news/celebrity-real-estate/nascar-legend-rusty-wallace-lists-mountain-retreat-in-north-carolina-for-1-6m/ |
About usI am Casey Abby From USA and I am 30 Year Old. I done my study recently in MBA Marketing. Archives
April 2021
Categories |