Here’s a lakeside home where we’d love to dock—a luxury retreat in the mountain resort town of Lake Arrowhead, CA, that doesn’t have a rustic log cabin vibe. In fact, this spacious home on the lake is so ’80s you half-expect to see Don Johnson cruising up to the dock in a cigarette boat. However, the six-bedroom, eight-bathroom property does come with a very 2019 asking price: $8,750,000, to be exact. The double-story, paned windows overlooking the lake work no matter what the era, and the lovely mountain views are timeless. Aside from the perennially lovely location, this place is a time capsule, immaculately maintained in all its 1980s splendor. Features like mirrored fireplaces and a chrome and lucite staircase will transport you right back to the gorgeousness and glamor of decades gone by. The home was built in 1982, with the finest and most up-to-date luxury materials of the day. Popular jewel tones of the era are featured in almost every room; ruby, sapphire, topaz, citrine, and more sparkle throughout the home. It’s reported that President Gerald Ford stayed in the blue room after he stepped down from office. And one can’t help but envision the shoulder-padded ladies of “Dynasty” swanning about. Rose-colored carpets and shiny brass strip accents are also prominent, as are myriad mirrors—tinted, beveled, and otherwise. Their silvery surfaces grace walls, ceilings, and even chimney faces, and they so reflect the ’80’s! There are also classic, lacquered acrylic cabinets throughout the home, especially in the kitchen and bathrooms. And where there isn’t brass, there’s an abundance of shiny chrome. The porches, patios, decks, and vistas won’t need much of a refresh, since the views and the cozy placement among the pines appeal to all. Other attractive outdoor features include a sizable spa, an outdoor kitchen, a pier, and a dock. Located at Eagle Point, in the exclusive and private Shelter Cove community, the location is one for the ages. Neighbors are barely visible through the full-grown mountain foliage. While there may be several more sizable luxury cabin properties on the market, you can be assured that this one is unlike any other. The post Luxurious ’80s Time Capsule in Lake Arrowhead Has Totally Vintage Vibes appeared first on Real Estate News & Insights | realtor.com®. via https://www.realtor.com/news/unique-homes/luxurious-80s-time-capsule-in-lake-arrowhead/
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The stylish Los Angeles estate of the late fashion designer Max Azria has come back onto the market for $78 million, making it this week’s most expensive new listing on realtor.com®. Azria, who died in May at the age of 70, and his wife, Lubov Azria, originally placed the sprawling spread on the market for $85 million in 2015. A year later, they put it back up for sale and raised the price tag by $3 million. When the elevated asking price failed to entice a buyer, the home was taken off the market. Now, it’s returned with a price chop of $10 million. Even at the reduced ask, it’s still our priciest property this week. The price is a huge increase from the $14.4 million the couple paid when they bought it from producer Sidney Sheldon, the L.A. Times reported. Dubbed Maison du Soleil, the estate was designed in 1939 by the architect to the stars Paul Williams, “who helped shape the legacy of classic Hollywood Regency design,” according to the listing description. After the couple bought the house, they lavished $30 million on a gut renovation, the Wall Street Journal reported. Not surprisingly, a fabulous home owned for years by creative types is decorated to the hilt, with walls and rooms filled with texture, shine, and pops of color, including orange, red, and silver. Sitting on nearly 3 acres, the layout offers 30,000 square feet of living space and includes 17 bedrooms and 22 bathrooms. With 60 rooms altogether, the eye-popping decor blends the home’s 1930s architecture with modern design. The dramatic foyer sets the tone, with a double staircase and a floor-to-ceiling chandelier. The living room is filled with rainbow-swirled carpets and opens out to the lawn. A whimsical seating area with a cherry-red color scheme has an elaborate ceiling with faux blossoms overhead. The formal dining room comes with French doors that also open outside. Other rooms include a family room with built-ins, and a sparkling bar room with a disco vibe. Entertainment options abound. There’s a 6,000-square-foot private movie theater with an attached catering kitchen. Outside, you’ll find Japanese and French gardens, a pool and Moroccan-style poolhouse with a hammam, a glass-walled tennis court, and multiple dining patios and fire pits. The Los Angeles-based designer, who was CEO and designer of the BCBG Max Azria Group, was best known for his trendy yet affordable BCBGMAXAZRIA line of clothing. He also headed up the designer label Hervé Léger by Max Azria, a celebrity favorite. Azria left BCBG in 2016, and soon after, BCBG Max Azria filed for bankruptcy in 2017. The brand and other labels were bought by Marquee Brands and Global Brands Group. Ginger Glass with Compass holds the listing. The post Late Designer Max Azria’s Chic Mansion Is This Week’s Most Expensive New Listing appeared first on Real Estate News & Insights | realtor.com®. via https://www.realtor.com/news/trends/max-azria-chic-home-is-back-on-the-market-most-expensive/ MLB All-Star Jimmy Rollins has listed his tempting Tampa, FL, home for $6,875,000. The waterfront luxury abode was purchased in 2012 for $3 million, which means it might fetch the retired shortstop a nice payday. Located in the upscale community of Culbreath Isles, this three-story home will likely appeal to a pro athlete in search of a place to chill during the off-season. Its proximity to a number of baseball spring training facilities doesn’t hurt either. Built in 2008, the 8,425-square-foot home has five bedrooms and 5.5 bathrooms. It’s just four doors down from the open bay and looks out to the water. Inside, you’ll find formal dining and living rooms. An open kitchen with a built-in banquette is adjacent to a casual family room. The spacious master suite includes a private balcony. Luxe amenities include an office, home theater, and wine cellar. The outdoor space includes a living area on the water, as well as a pool and spa. Rollins is busy in the real estate game. He listed his New Jersey mansion in 2017 for $799,000. It sold last year for $687,000. And he reportedly broke a record in Encino, CA, with his purchase of a $10.65 million million, the highest price paid in the city at the time. Now 40, Rollins starred at shortstop for most of his career with the Philadelphia Phillies. He also suited up for the Los Angeles Dodgers and the Chicago White Sox. The three-time All Star was named the National League MVP in 2007. The post Retired Shortstop Jimmy Rollins Hopes to Snag Buyer for Tampa Mansion appeared first on Real Estate News & Insights | realtor.com®. via https://www.realtor.com/news/celebrity-real-estate/jimmy-rollins-selling-tampa-home/ New Orleans’ infamous LaLaurie mansion, where an untold number of slaves are said to have been tortured and then savagely murdered nearly 200 years ago, will play a starring role in a new horror movie franchise. The creators of “The Conjuring” movies recently signed on to make a series of movies about the mansion and the atrocities that took place there. The three-story, real-life house of horrors already has a Hollywood history. The French Quarter home with a Baroque facade and balcony was previously owned by actor Nicolas Cage. And it was featured in the 2013 “Coven” season of the popular TV series “American Horror Story.” The mansion was owned by local socialite Delphine LaLaurie, who allegedly brutalized her slaves, gouging out their eyes and tearing off limbs. A 12-year-old slave climbed to the roof and leaped to her death rather than suffer such cruelty, according to rumors. When a fire broke out in the mansion in 1834, firefighters reportedly found the brutalized slaves chained in cages in the attic. They were freed. Incensed by her treatment of the slaves, a mob reportedly ransacked the house. LaLaurie was said to have fled to Paris, and it’s still unknown what became of her. The mansion is “one of the most extraordinary homes that I’ve ever sold,” says real estate broker Dorian Bennett, of Dorian Bennett’s Sotheby’s International Realty. He’s sold the home three times over the past 30 years, most recently to investor Michael Whalen, who paid $2.1 million for it in 2010. “It’s Old World architecture at its best.” Over the years, Bennett has had a few unexplained incidents in the house that he chalks up to the supernatural. He declined to elaborate on what transpired. “Everybody believes it’s the most haunted house in America because of the juju, the energy, the vibe,” Bennett says. “I know there are spirits in there.” But a previous owner, Jay Monroe, CEO of satellite service provider Globalstar, has told realtor.com® that the house wasn’t haunted. He lived there for about a half-dozen years with his family. He sold the property to Cage in 2006 for $3.45 million. It went into foreclosure three years later, and then was sold to Whalen. Whalen is one of the collaborators on the film franchise. He’ll be providing access to the property, which still attracts hordes of tourists each day who take pictures outside of its walls. This won’t be the first time that “The Conjuring” creators, brothers Chad and Carey Hayes, have worked on a movie centered around a haunted house. “The Conjuring” franchise was also based on the “true story” of a haunted house in Rhode Island. Famed paranormal investigators Ed and Lorraine Warren were called in to investigate the unexplained occurrences. “We love writing films in which we get to tell true stories—incorporating moments that people can look up and discover did in fact happen,” the brothers said in a statement. “With the LaLaurie house we get to do exactly that. There is a wealth of documentation of a very dark and frightening past of true events.” The post New Orleans’ LaLaurie Murder Mansion to Star in Upcoming Horror Films appeared first on Real Estate News & Insights | realtor.com®. via https://www.realtor.com/news/trends/new-orleans-lalaurie-murder-mansion-to-star-in-upcoming-horror-films/ Mortgage rates rose yet again—illustrating how the Federal Reserve’s policy can have a somewhat limited effect on the mortgage market. The 30-year fixed-rate mortgage averaged 3.78% during the week ending Oct. 31, up three basis points from the previous week, Freddie Mac reported Thursday. It’s the first time since April that rates have risen in three consecutive weeks. Despite the increase, the rate on the 30-year mortgage remains over a full percentage point lower than at this same time a year ago. The 15-year fixed-rate mortgage increased one basis point to an average of 3.19%, according to Freddie Mac. The 5/1 adjustable-rate mortgage averaged 3.43%, up three basis points from a week ago. That mortgage rates rose even though the Fed just announced yesterday its plans to cut interest rates isn’t a surprise. When the Federal Reserve adjusts interest rates, it is influencing short-term rates. Mortgage rates, on the other hand, are longer-term interest rates. They generally track the direction of the 10-year Treasury note. The 10-year Treasury yield rose in advance of the Fed’s decision, though it has moved lower since then. Other factors also influence the rates that mortgage lenders offer consumers. Overall, consumer spending has remained strong recently, a reflection of the healthy job market. “Purchase activity continues to show strength, indicating obvious home-buyer demand,” Sam Khater, Freddie Mac’s chief economist, said in the report. “However, the lack of housing supply remains a major barrier to not just the housing market, but the overall economic recovery.” The post Mortgage Rates Increase Again—Even Though the Fed Just Cut Interest Rates appeared first on Real Estate News & Insights | realtor.com®. via https://www.realtor.com/news/trends/mortgage-rates-increase-again/ Former Cal Golden Bears women’s basketball head coach Lindsay Gottlieb made history this summer as the first women’s collegiate head coach hired by the coaching staff of an NBA team. Now that’s she’s joined the Cleveland Cavaliers as an assistant coach, Gottlieb is ready to move on from her Oakland, CA, home. The Mediterranean-style mansion just landed on the market for $1.3 million. She picked up the beautifully appointed home in the foothills for $1.2 million in 2014, during her Cal coaching stint. Built in the 1920s, the 4,210-square-foot home has been tastefully updated over the years. A dramatic footbridge leads to the arched doorway, and the foyer is graced with an arched staircase. The multistory home offers San Francisco Bay views from every floor, as well as the two outdoor decks and the “entertainment-ready” backyard. The home has six bedrooms and 3.5 baths. It also comes with an in-law unit with a separate entrance. The spacious living and dining rooms are adjoined by a chef’s kitchen, which is equipped with an island with bar seating. The lower level features bonus space, which could be turned into a media room or playroom, with French doors that open to the grassy backyard. Gottlieb, 42, served as the head coach for the University of California women’s basketball team from 2011 until this summer, compiling a record of 179-89. In June, the Cavs made a “landmark appointment” when they tapped her to join their revamped coaching staff. The Scarsdale, NY, native and Brown grad led the Golden Bears to their first Final Four in school history. The post Now in the NBA, Former Cal Coach Lindsay Gottlieb Lists $1.3M Oakland Home appeared first on Real Estate News & Insights | realtor.com®. via https://www.realtor.com/news/celebrity-real-estate/lindsay-gottlieb-selling-oakland-home/ We’re not chicken! We would definitely trick-or-treat at any one of the 10 houses on this list. It’s just that, well, you should go first. It’s not the fault of these homes that they appear haunted. It’s just that old and run-down homes, especially Victorians, have been used in popular culture for decades as ground zero for all things scary and macabre. According to Smithsonian magazine, haunted houses became popular during the Great Depression as a way to keep kids from vandalizing the neighborhood on Halloween. Disneyland’s Haunted Mansion helped to sear the creepy image of a large, ornate haunted house into our minds. And these creepy cliches are exactly what kids have projected onto homes in their own neighborhoods for decades—the crumbling, corner house with an overgrown yard, mysterious occupants, and a spooky (yet dubious) backstory they heard from a friend of a friend of a friend. But on Halloween, these somewhat scary places truly shine. In honor of all the scary-looking houses on the block across America, we bring this list of properties on the market right now that may not actually be haunted, but might require a double-dog dare before ringing the doorbell. 1839 Berkeley Way, Berkeley, CAPrice: $995,000 ——-- 303 Center St E, Roseau, MNPrice: $34,000 ——-- 3172 Highway 174, Edisto Island, SCPrice: $58,000 ——-- 17550 Foster Rd, Los Gatos, CAPrice: $1,799,000 ——-- 703 Main St, Ashby, MAPrice: $10,000 ——-- 848 Vine St, Poplar Bluff, MOPrice: $36,900 ——-- 194 North St, Windham, CTPrice: $89,900 ——-- 1141 Main St, Malden on Hudson, NYPrice: $135,000 ——-- 32537 Wilderness Rd, Jonesville, VAPrice: $139,900 ——-- 301 S. Main St, Orange, MAPrice: $169,000 The post We Dare You to Ring the Doorbell on These 10 Terrifying Houses appeared first on Real Estate News & Insights | realtor.com®. via https://www.realtor.com/news/trends/10-definitely-not-haunted-houses/ Baseball Hall of Famer Reggie Jackson is taking a swing at selling his Las Vegas home. The Mediterranean-style villa located on the city’s southern edge is on the market for $499,000. Jackson, known as “Mr. October” for his clutch performance in the postseason, is hoping for a home run with the fairly modest home. The home, which last changed hands in 2002 for $470,000, appears to have been available as a rental for the past five years. Built in 2002, the two-bedroom, 2.5-bath abode is located in the guard-gated Southern Highlands Estates Golf Course community. Set on a quiet cul-de-sac, the home features a private courtyard entry with a stone fireplace. Inside, there’s an open dining and living space and the great room boasts a fireplace and wet bar. The kitchen, which opens out to the patio, includes granite counters and custom cabinetry. The spacious master suite includes two large closets and yard access. Out back you’ll find a guest casita with a full bath, a covered patio, and lush landscaping. In the past, the 73-year-old has had some bad luck with his real estate. He lost many of his belongings, including baseball memorabilia, when his home went up in flames during the massive Oakland Hills fire in 1991, then the most destructive California wildfire in history. That disaster came after one of the warehouses he owned caught fire in 1988, ruining a $3.2 million car collection, the Los Angeles Times reported at the time. The slugger—who had his own namesake candy bar at the height of his career—has also maintained homes in Newport Beach and Carmel. Jackson began his MLB career in 1967 and starred for 21 seasons with the Oakland Athletics, Baltimore Orioles, California Angels, and New York Yankees. He’s a 14-time All-Star, five-time World Series winner, and two-time MVP. His 563 career home runs rank him 14th all-time in major league history. The post Hall of Famer Reggie Jackson Selling Las Vegas Home for $499K appeared first on Real Estate News & Insights | realtor.com®. via https://www.realtor.com/news/celebrity-real-estate/reggie-jackson-selling-las-vegas-home/ Retired MLB pitcher Mark Mulder has decided to sell his family’s custom home in Scottsdale, AZ. He’s listed the impressive property for $2.2 million. Mulder bought the home for $2,025,000 in 2003, while he was starring for the Oakland Athletics. (The A’s spring training home is in the Phoenix area.) After holding on to the Scottsdale home for over a decade, he’s now ready to part with it. In 2015, he listed a different Arizona home, a couple of hours north in Flagstaff, for $1,435,000. Located on a golf course, that home wound up selling in April 2016 for $1,375,000. The home he’s selling now sits on over an acre in the upscale North Scottsdale area. The 6,100 square feet include five bedrooms and 5.5 bathrooms. Open, airy, and designed for entertaining, the property resembles a resort rather than a private residence. There are oversize rooms with custom touches like built-ins and fireplaces. The grounds include a large pool, spa, kitchen, basketball court, and putting green. There’s little doubt Mulder and his wife, Lindsey, and their three kids have had a lot of fun times in this house. The putting green isn’t just for show. Since his retirement from baseball in 2010, Mulder has emerged as a premier golfer on the celebrity circuit, winning titles across the country. The former ace pitcher qualified for the Safeway Open PGA Tour event in Napa, CA, in October, adding to a mounting list of his golf accolades and accomplishments. Mulder won the 2019 Showcase Celebrity Golf Tournament in Coeur d’Alene, ID, where his wife graduated from Gonzaga Prep. He had a lot of positive things to say about the place.
“I love it. I love the atmosphere, the lake is amazing, exactly what my wife said it was,” Mulder told the Spokesman-Review about the area during the tournament. But for now Mulder’s Twitter profile has his home listed in Arizona, meaning he must be trading out this home for another in the state. And now, someone new has the chance to purchase the sporty spot in Scottsdale owned by a world-class pitcher—and golfer. The post Ace Golfer and Retired Pitcher Mark Mulder Selling $2.2M Scottsdale Manse appeared first on Real Estate News & Insights | realtor.com®. via https://www.realtor.com/news/celebrity-real-estate/mark-mulder-selling-scottsdale-manse/ WASHINGTON—The Federal Reserve cut interest rates for the third time this year and began to downplay expectations of further cuts for now. The policy statement released Wednesday signaled a potentially higher bar for rate reductions after the latest move, which will drop the target for the federal-funds rate to a range between 1.5% and 1.75%. Officials removed language used in June, July and September in which the rate-setting committee said it would “act as appropriate” to sustain the economic expansion. They replaced that phrase with a milder alternative. “The committee will continue to monitor the implications of incoming information for the economic outlook as it assesses the appropriate path” of its target rate, the statement said. Eight of 10 officials voted to lower the Fed’s benchmark rate, charged on overnight loans between banks, by a quarter percentage point. Two Fed officials disapproved of the action, preferring to hold rates steady. Fed officials have now cut their benchmark three times since July to cushion the economy against a slowdown in business investment amplified by the U.S.-China trade conflict. The Fed raised rates four times last year. Wednesday’s policy statement made almost no other changes. It noted that household spending had been rising at a strong pace while business investment and exports remained weak. The Commerce Department reported economic output during the third quarter rose at 1.9% annual rate, little changed from a 2% growth rate in the second quarter. Fed officials didn’t release new projections after Wednesday’s meeting. After cutting rates in September, seven of 17 officials had penciled in one more rate cut this year. The other 10 didn’t forecast any cuts, with five of those signaling they believed last month’s reduction was a mistake. In the weeks leading up to the meeting, Fed officials were less vocal about their policy plans than they had been in the run-up to two earlier rate cuts. Weak business survey data in early October led markets to predict the Fed would cut rates, and those expectations hardened after Fed officials didn’t publicly counter them. Fed officials don’t like to act just because markets expect it. But with investors assigning a greater than 90% probability to a rate cut in futures markets over the past week, failing to deliver could have led to a stock selloff and higher borrowing costs that potentially undercut the benefit of the Fed’s recent cuts. The bigger questions heading into this week’s two-day meeting were whether and how Fed Chairman Jerome Powell and his colleagues would signal any potential timeout to the central bank’s cuts. Officials have compared their moves to an insurance policy designed to offset the risk that the U.S.-China trade war and a broader global slowdown leads to a sharp downturn-as opposed to a more aggressive rate-cut campaign due to signs of imminent recession. The tweaks to Wednesday’s statement illustrate how the central bank is much closer to the line between the mini-easing cycle officials outlined in July and a full-blown rate-cut sequence. Mr. Powell said last month the uncertain economic outlook made it hard to predict how long rate cuts might last. “I’d love to articulate a simple, straightforward” rule for suspending rate cuts, he said. “There will come a time, I suspect, when we think we’ve done enough, but there may also come a time when the economy worsens, and we would then have to cut more aggressively.” Faced with rising risks to growth as the trade war escalated through the summer, Mr. Powell indicated the Fed’s bias was to cut rates if readings on economic activity didn’t improve. But in the last few weeks, officials began laying the groundwork for a subtle but important shift in which they might cut rates instead if those readings worsened. Officials have highlighted episodes in 1995-96 and 1998 when the Fed cut interest rates three times, avoiding both recession and a full-blown round of rate reductions. “That’s the spirit in which we’re doing this,” Mr. Powell said earlier this month. Officials have cited three reasons—weakening global growth, rising trade-policy uncertainty and muted inflation—for cutting rates this year. The U.S.-China trade conflict worsened immediately after the Fed made its initial rate cut in July, but the Trump administration earlier this month took steps to put trade talks back on track. Meantime, the global industrial downturn has shown few signs of bottoming out. U.S. economic data paint a mixed picture. The Commerce Department reported Wednesday that business spending contracted for the second straight quarter, offset by healthy consumer spending and modest improvement in the rate-sensitive housing sector. Hiring has slowed this year, but to levels that have been strong enough to hold down unemployment. The private sector added an average 119,000 jobs per month during the third quarter, down from 165,000 in the first quarter. The unemployment rate stood at 3.5% in September, a half-century low. Fed officials will see two more employment reports before their final scheduled meeting of the year on Dec. 10-11, including data set for release Friday from the Labor Department on October’s hiring picture. Inflation pressures, meanwhile, remain restrained. They have run below the central bank’s 2% target this year, and measures of consumer and businesses’ expectations of future inflation have edged lower in recent months. Fed officials pay close attention to inflation expectations because they can be self-fulfilling. Excluding volatile food and energy prices, prices were up 1.8% from a year earlier in August, according to the Fed’s preferred gauge. Stocks have rallied in recent weeks on optimism over a potential “phase one” agreement between Washington and Beijing to diffuse trade tensions. Another positive development for the Fed is that market-determined interest rates, which tumbled in July and August, have firmed up in recent weeks. As a result, long-term interest rates have risen back above short-term interest rates, ending a monthslong inversion of the yield curve, which has often preceded recession by one or two years. The post Fed Cuts Rate for Third Time This Year, Hints at Pause appeared first on Real Estate News & Insights | realtor.com®. via https://www.realtor.com/news/real-estate-news/fed-cuts-rate-for-third-time-this-year-hints-at-pause/ |
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