Cabana Verde Listing in Cost Rica Just Reduced to Unbelievable Price!

cost rica luxury real estate

Costa Rica is in reach! Our listing for the Cabana Verde in beautiful Costa Rica just saw a huge reduction in its listing price. The lush, tropical 5-acre estate with luxury villa and guest house was originally listed at $1,500,000. Now, this Costa Rica paradise is available for only $999,750!

This is your opportunity to finally have the second home you’ve been dreaming of. Read more about the luxury Costa Rica residence by checking out our past posts. You can also take a visual tour of the Cabana Verde online. Then, contact Hurwitz James Company in Beverley Hills at 888-681-5902 to learn more and to schedule a visit to San Isidro De El General, Morazan in Cost Rica to see the estate in person.

 

California Real Estate Market Leading the Nation to Recovery

While California realized some incredible appreciation in home values during the housing boom, we also were one of the hardest hit states when our economy fell apart. According to a recent UPI article, California now offers one of the country’s best turnaround real estate markets and can play an integral role in leading the nation to recovery.

Realtor.com puts together a quarterly list of the country’s top turnaround towns, and the most recent ranking included 6 California cities in the top 10 spots.  A major difference that we are seeing in our region is an increase to the average transaction price, likely meaning that more owner occupied homes are being purchased.  There are still a number of incredible deals to be had though, which continue to make this one of the best buyers market in real estate history.

Whether you want to get the most value out of your current luxury home or are in the market for a new one, contact the global high-end real estate experts of Hurwitz James Company at 888-681-5902.

A breathtaking view of the Big Sur California coasline taken from the Castello della Costa d’Oro estate, which is currently listed with Hurwitz James Company for $58,000,000. 

california luxury real estate

Potential Effect of Tax Cut Expiration on High-End Real Estate

Already outpacing other markets, the luxury real estate market may be seeing another increase in activity with the potential expiration of the Bush-era tax cuts. According to a recent Fox News report, high-end homeowners planning to sell are being motivated to cash-in before January, when the capital-gains tax cuts may expire.

“Some well-heeled homeowners are reportedly scrambling to offload luxury properties by the end of the year or else risk having a serious bite taken out of their bottom lines.”

This new factor affecting the high-end real estate market could be a win-win for us all. High-end homeowners will be able to sell properties at a 15 percent tax on the profit versus a 20 percent tax if the Bush-era tax cuts expire. In addition, if luxury homeowners are motivated to sell, this not only means that new inventory will be popping up, but it also means there may be a potential for great deals as well!

Will this change affect you? Get advice from the experienced luxury real estate agents at Hurwitz James Company in Beverley Hills by calling 888-681-5902.

 

 

The Bradbury Estate is listed at $78 million. If tax cuts were expiring, wouldn’t you want to cash in on this property as the owner?

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Celebrating 100 Posts: The Best of the Hurwitz James Co Blog

hurwitz james companyHurwitz James Company is pleased to report that today marks our 100th post here on our blog. In honor of this milestone, we’d like to share some of our top posts since we launched our blog back in July of 2011. Here are the top posts from the past year according to the number of readers they attracted.

If you haven’t taken a look at these posts, we invite you to read them and tell us in a comment below which one you enjoyed the most.

To see more of our posts on luxury real estate worldwide, be sure to “like” Hurwitz James Company on Facebook and follow us on Twitter.

 

Photo via Sean Gladwell/Shutterstock.com 

Luxury Estates with Incredible Exercise Amenities

As one of the industry’s leading luxury real estate companies, Hurwitz James Company sees countless homes with extravagant amenities. But in the end, we know that our clients are going to choose a home based on amenities that best reflect their hobbies, passions and lifestyles.

In recent posts, we’ve revealed our luxury estates  listings with incredible garages perfect for car collectors as well as multi-million dollar homes with gourmet kitchens perfect for the at-home chef or foodie. To continue our series on specialized amenities and in honor of the 2012 Summer Olympics, we are now going to take a look at our current mega-mansion listings made for those especially active individuals and sports fans.

 

The Malibu French Country Estate, listed at $14,500,000 has a professional-level clay tennis court complete with accommodations for spectators.

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hurwitz james company

hurwitz james company

Listed at $78,000,000, the 24.3-acre Shelter Island Estate includes a world class clay sporting course and a shooting course connected by a 1-mile road that doubles as a beautiful running and walking trail. The home also features a fully equipped home gym with gorgeous lake views.

hurwitz james company

hurwitz james company

hurwitz james company

 

The Bradbury Estate, listed at $78,800,000, is the ideal home for those who love to swim to stay in shape. The California residence boasts a 350,000-gallon pool that has a length almost equivalent to an Olympic-sized pool.

 

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bradbury estate

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To learn more about these luxury listings or other Hurwitz James Company listings, please contact us at 888-681-5902.

Bob Hurwitz’s Former House Now on the Market for $35 Million

A luxury home that costs $35 million does not sell itself. In fact, even the rich and famous have to jump through hoops to lure in potential high-end home buyers.

DeeAnna Staats, a restaurateur and interior designer, was recently featured in Wired magazine for her over-the-top marketing plan to sell the Carbon Mesa Estate in Malibu for $35 million.

The Spanish style Malibu estate was originally purchased for $6.6 million. But after her interior design company Staats and Co spent several years remodeling and decorating the mansion, Staats is confident that the home is now worth five times that amount.

Lynn Guilburt, Staats and Co’s vice president, told Wired that the estate was “completely rebuilt with special attention to only using the finest and most talented artists and craftspeople to develop a breathtaking estate.” But even so, when Bob Hurwitz, president of Hurwitz James Company and former owner of the house, found out the asking price, “his response was utter disbelief.”

So how is Staats going to lure in buyers when even celebrities like Cher couldn’t sell a home for $41 million and Brad Pitt only received $12 million for his Malibu estate? Staats plants to woo wealthy buyers with the following marketing tactics.

  1. First, Staats is sending free iPads directly to the home of 10 wealthy investors. The iPads come pre-installed with a custom app that includes all the listing information and photos a buyer could want.
  2. Second, Staats hired Hollywood producer Graham Henman to create a short film that showcases the luxurious lifestyle that can be achieved with the Carbon Mesa Estate.
  3. Staats final tactic is an unbelievable ambitious price tag.

To read more about Bob Hurwitz’s former house, the Carbon Mesa Estate, and how DeeAnna Staats plans to sell the multi-million dollar estate, refer to the Wired article online.

 

hurwitz james company

hurwitz james company

Photos via Staats and Co

Luxury Property Listings with World Class Kitchens

Hurwitz James Company currently has multiple listings that are sure to excite even the most distinguished chefs, foodies and culinary enthusiasts. Imagine living in one of these luxurious homes with a professional grade kitchen that allows you to enjoy five-star dining experiences daily.

 

The custom chef’s kitchen of the Malibu French Country Estate listed at $14,500,000 boasts a wood burning oven.

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The kitchen of the Shelter Island Estate listed at $78,000,000 was designed to accommodate a whole gourmet cooking staff.

hurwitz james company

Listed at $78,800,000, the infamous Bradbury Estate offers a chef’s kitchen with a walk-in butler’s pantry, a walk-in freezer and refrigerator and a pizza oven. The estate also has full service kitchens in the detached guest and the pool house as well as a balcony with a built-in outdoor grill.

hurwitz james company

Castello Della Costa d’Oro listed at $58,000,000 has a professional kitchen complete with Viking Professional stainless steel appliances, a wine cooler and 50 in. flat-screen television among other high-end features. Did we mention the residence also has a catering kitchen and a fully equipped outdoor kitchen?

hurwitz james company

hurwitz james company

Investors and homebuyers interested in learning more about one of these properties can schedule a showing by contacting Hurwitz James Company in Beverley Hills at 888-681-5902.

Follow Hurwitz James Company on Facebook & Twitter

If you enjoy learning about today’s most luxurious trophy properties, we encourage you to become a fan of Hurwitz James Company on Facebook and Twitter. Here are some of the exclusive posts and updates you’ll get to enjoy.

  • Stunning photos of our latest multimillion dollar real estate listings from those in the most expensive zip codes to those with breathtaking architecture or amenities and those in exotic locations with unbelievable views
  • Links to virtual tours of our mega-mansion listings from TV appearances on shows such as LuxVT
  • Tweets from the president and lead broker of Hurwitz James Company, Bob Hurwitz, himself
  • Fascinating articles, such as the one Bob recently tweeted on 10 Super Huge Homes for Sale (of course Bradbury Estate made the list)
  • Luxury real estate news and trends in the market

To see theses posts, updates and more, “like” Hurwitz James Company on Facebook and follow Hurwitz James Company on Twitter. We want to hear from you, too! Comment on our page or tweet us back to tell us what you think about our current listings and other luxury real estate topics.

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5 Common Mistakes to Avoid When Selling a Luxury Home

When millions of dollars are on the line, mistakes are simply unacceptable. While today’s high-end real estate market is not only recovering but thriving, there are still crucial steps that need to be taken to ensure a successful luxury home sale. To avoid the most common missteps, here are the top 5 mistakes that luxury home sellers make.

  1. Overpricing: One of the easiest mistakes to make is setting a listing price that is too high; be sure you and your listing agent do the research to ensure the right price.
  2. Disregarding Inspection: Don’t assume that a professional inspection is unnecessary. It’s better to find minor repairs now than during a showing when it can forfeit integrity.
  3. Weak Marketing: It is crucial to market your home to all potential buyers worldwide, and this requires building an extensive marketing strategy that includes social media and holding an open house event (if not multiple).
  4. Thoughtless Staging: Luxury homes should be presented in the best possible light possible, even if this requires full redecorating as it could make or break a potential buyer’s impression.
  5. Assuming Qualification: Do not take a buyer seriously until they have showed you documents that prove buying power or mortgage qualification.

Sellers looking for a real estate company that specializes in global, multi-million dollar home sales can contact Hurwitz James Company in Beverley Hills at 888-681-5902.

 

The Castello Della Costa d’Oro currently listed at $58 million with Hurwitz James Company

hurwitz james company

Fixed Mortgage Rates Hit Another Record Low

Freddie Mac’s Primary Market Mortgage Survey for the week of July 12, 2012 revealed that average fixed-rate mortgages hit record-lows once again.

The average 30-year fixed-rate mortgage was recorded at 3.56 percent, which was the 16th week in a row that it has been below 4.00 percent. The average 15-year fixed-rate mortgage was reported at 2.86 percent, which was the 7th week in a row that it has stayed below 3.00 percent.

According to the LA Times news report, borrowers can lock in rates that are even lower by shopping around and paying upfront discount points.

So what does this mean for luxury real estate? This means luxury homes for less! As we noted in a recent post on Top Tips for Buying Mega-Mansions, it’s more economical to purchase a multi-million dollar home with a mortgage, even if you have the cash up front.

Hurwitz James Company specializes in buying and selling multi-million dollar estates and trophy properties all across the globe; below are some of our current listings. Investors and homebuyers interested in purchasing luxury real estate can contact Hurwitz James Company at 888-681-5902.

 

Luxury Oceanfront Condo listed at $1,795,000

hurwitz james company

Malibu French Country Estate listed at $14,500,000

hurwitz james company

The Castello Della Costa d’Oro listed at $58,000,000

hurwitz james company