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.

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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.

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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.

Bidding Wars on Luxury Homes in L.A. are Back

luxury real estate california A recent Bloomberg news report is delivering great news to luxury home sellers in the Los Angeles area. According to recent luxury real estate trends, bidding wars have rekindled in the prominent neighborhoods of greater Los Angeles. The news report cited wealthy localities that include Beverley Hills, Brentwood and Bel Air.

DataQuick provided property information to reporters revealing that sales of Beverley Hills homes listed at $2 million rose 11 percent to 39 closings in the first quarter compared to a year ago. In Brentwood, sales of high end homes surged 56 percent to 25 closings. Apparently, this trend is beginning to spread throughout the rest of the U.S. as nationwide sales of homes listed at $1 million and up increased by 7.2 percent just in the month of March. A Beverley Hills agent told Bloomberg that, “In the Los Angeles area, multiple offers — as many as a dozen per home — have reduced listing times for the highest- priced houses as bidders worried about losing out act faster than they have in the past two years.”

Luxury estate owners putting their homes on the market are seeing offers start to roll in on the first day of showings! And real estate experts confirmed that sales would be even higher if there was more inventory. To read more about these new luxury real estate trends, see the Bloomberg news report online

As a luxury real estate company in Beverley Hills, Hurwitz James Company has seen recent success of their own in high end home sales. At the end of last year, Hurwitz James successfully finalized the sale of the Razor home for $14.1 Million; the sale of the famous La Jolla home was one of the most expensive home sales in 2 years! To talk to a Hurwitz James Company agent about selling your own high end estate, please contact the Hurwitz James Beverley Hills office at 888-681-5902.

 

Photo by Walknboston

New Record Low Interest Rates & New Evidence of Increased High-End Home Sales

The second week of May marked the second straight week that mortgage rates have reached new record lows, according to a recent LA Times new report.

Freddie Mac told the LA Times that the average for a 30-year, fixed loan fell to 3.84 percent and the 15-year, fixed rate loan dropped to 3.05 percent. Adjustable loans with an initial five-year fixed rate also dipped down to 2.81 percent.

And according to a Boston Business Journal report which can be viewed on Yahoo! News, this may be one of the contributing factors to the latest evidence that is pointing towards an increase in high-end home sales in certain regions of the country. Lisa Van Der Pool reported in the news segment that that so far this year, luxury home sales are up about 27 percent while single family home sales are only up by about 19 percent.

Whether you are looking to lock in record-low interest rates with the purchase of a high-end home or you are looking to sell your own luxury estate, Hurwitz James Company has luxury listings worldwide as well as the luxury housing market expertise to meet your real estate needs. Contact Hurwitz James Company in Beverley Hills by calling 888-681-5902.

The Bradbury Estate in San Gabriel Valley listed at $78.8 million; contact Hurwitz James Company for more information. 

luxury estate listings worldwide

National Association of Realtors Reports: Vacation Home Sales Surge!

There’s one word that has been on investors’ minds in the past year, and that is “vacation!” According to a recent report released by the National Association of Realtors, sales vacation home sales have spiked in the past year. The luxury real estate market is swiftly rebounding as more investors and higher-income households are taking advantage of low prices and snapping up upscale vacation homes.

The National Association of Realtors found that there were 1.2 million homes purchased by investors in 2011, a 65% increase in only one year’s time. The number of investment home sales accounted for 27% of all home sales in 2011, which is up from 17% in 2010. The number of second home or vacation home purchases also rose 7% in the past year to 502,000, which accounted for 11% of all real estate transactions.

As the report states, “Lifestyle factors have consistently been the primary motivation for vacation-home buyers . . . Eighty-two percent of vacation-home buyers said the primary reason for buying was to use the property themselves for vacations, or as a family retreat.”

There’s no better time to buy that second home than now. Hurwitz James Company in Beverly Hills, California currently has listings for luxury properties in the most desirable zip codes in America as well as the most desirable cities all over the world. Take a look at these two current listings, which would make perfect vacation homes.

 

 Cabana Verde in San Isidro del General, Costa Rica available for $1,500,000

Villa La Mulata in Sosua, Dominican Republic available for $670,000

The Magnificent Bradbury Estate Now Offered at $78.8M

Upon entry into the guard-gated Bradbury Estates in California you’ll be greeted by breathtaking views of the city, canyon and ocean to behold an equally breathtaking compound. This 8-acre regal masterpiece is the result of over 8 years of construction by master craftsmen who employed state of the art engineering, scrupulous attention to detail and the world’s finest materials.

A dramatic 600-foot Blue Stone private entry will bring you to the estate’s main house, a residence with 7 bedrooms, 10 baths and approximately 30,000 square feet of living space plus 3,000 square feet of Loggias.  If the 3D theater, 2,000-bottle wine cellar, oak paneled elevator and leather-paneled poker room don’t impress you, surely the French limestone finishes, 40-foot vaulted ceilings, hand-painted fresco domes and Venetian plaster masterpieces will.

As if this was not enough, the estate also has a detached guesthouse with full kitchen and exquisite finishes and amenities all above the 10-car garage. While on your way to the guesthouse, you won’t be able to overlook the nearly 1-acre of porches, decks, loggias, and French Limestone walkways as well as an infinity pool, 15-person spa and temperature-controlled trout pond with a 2-story waterfall.

The Bradbury Estate is a true trophy property and has never been offered for sale, but now holds the listing price of $78,800,000. To schedule a showing please contact Hurwitz James Company in Beverley Hills at 888-681-5902.

Photos via Hurwitz James Company

Housing Wire Magazine on The Razor Sale & High-End Home Market

“Bob Hurwitz never, in his 30-year career, spent this much to push a single home.” This is what writer Andrew Scoggin reports in a recent Housing Wire Magazine article that chronicles the momentous sale of the Razor residence.  Bob Hurwitz shoveled out $150,000 to market the “Razor Bluff” luxury La Jolla estate built by world-renowned architect Wallace E. Cunningham. As you probably remember from the numerous headlines, the Razor was finally sold after three years on the market to a software engineer for only one third of the original asking price.

Hurwitz told the magazine that ”The way this property sold, if anything, reflects the real world in the luxury marketplace.” While certain individual high-end home markets are doing relatively well – mainly, coastal cities including New York, Los Angeles and Washington D.C. –  luxury homes are still struggling with declining property costs and the other issues that are plaguing the rest of the national housing market. According to the article, the high-end home construction industry is remaining “cautiously optimistic.” Luxury homeowners, however, will have to continue to deal with few high-end homebuyers and sinking property values.

Read what other real estate industry professionals told Housing Wire about the current high-end home market in the magazine article online

 

Bloomberg Pursuits: New Luxury Lifestyle Magazine

We came across an article in The Editor at Large announcing a new print magazine designed for the “Global Financial Elite,” which we thought our real estate investing clients might be interested in. Bloomberg will soon be launching the Bloomberg Pursuits, a magazine that will be available on newsstands and distributed worldwide to financial professionals using Bloomberg Terminal. According to the Editor at Large article, the average reader profile is predicted to be a 38-year-old male with an average income of $452k, in other words influential business leaders and market-movers with discerning tastes. Here’s a little sample of what readers can expect.

Bloomberg Pursuits will cover the world, including fashion in Asia, Brazil and Europe, adventures in Patagonia, jewelry in London, exotic cars in New York City, resorts in Laos, and more. Editorial content includes: Product Reviews, Destinations, Advice, Real Estate & Design, Fashion, Watches and more.

To read more about the new luxury lifestyle magazine set to launch soon by Bloomberg, visit the The Editor at Large article online.

Photo by Scott Frances via The Editor at Large

Celebrity Villa in California Goes Public, 3 Showings in 24 Hours!

Some of our readers may remember when the Celebrity Villa in Brentwood, California made its debut on the market back in October of 2011. But it was not until yesterday, January 8, 2012, that we listed the Celebrity Villa in the MLS allowing it to be searched and viewed by the general public. While many properties at this price level may go days or even months without a single showing or phone call, this stunning estate has already made great waves in the luxury real estate community. In only 24 hours, the home has been scheduled for three showings!

Of course, we are not too shocked by this response as the home’s exquisite design, custom finishes, magnificent master suite, chef’s kitchen, oversized deck and other fantastic features offer unequaled beauty and quality of life. Interested buyers should schedule a viewing to see the estate in person before it is too late. Call Hurwitz James Company at 310-477-8865 to schedule your appointment today!

Photos via Hurwitz James Company

Wall Street Journal Features Luxury Log Cabin on Lazy Bay Island

The Wall Street Journal recently published an article featuring Bob Hurwitz’s listing for the incredible private Lazy Bay Island estate in magnificent Northwest Montana. The article describes how owner former Montana state senator Dan Weinberg purchased the 10-acre island on Whitefish Lake for $4.5 million, and began construction of the luxury log cabin in 1999. The 7,500-square-foot cabin with five bedrooms and five baths was completed in 2001 with the island connecting to the mainland via a short bridge.


Almost every room in this home has spectacular views of the Whitefish Lake or the Whitefish Mountains of beautiful Big Sky. The gourmet kitchen, 1,000-bottle wine center and home theater are excellent for entertaining. Mr. Weinberg decided to put the home on the market due to the high maintenance of the large estate despite that he will miss the property and the wildlife that frequented it, especially the bald eagles, deer and ducklings. Originally listed for $17 million back in 2008, the Lazy Bay Island cabin is now listed at $9 million.

To read the whole article, visit Online.WSJ.com. To learn more about the home or to schedule an appointment to tour the estate, contact Bob Hurwitz of Hurwitz James Company at 888-681-5902.

Photos via Hurwitz James Company

What are the Most Luxurious Gifts of 2011?

A recent article we came across in International Business Times suggests some this year’s most luxurious gifts.

  • Michael Cluizel’s Chocolate Set:  This $895 box of candy contains 400 pieces of handmade chocolates.
  • Dom. Romaine Conti Wine: French red burgundy wine at $1,540 per bottle.
  • Steiff Gold Teddy Bear: This stuffed bear is made of solid gold and the finest fur from gold with sapphires and diamonds for eyes. It costs $84,000 to cuddle this teddy bear.
  • Goldstriker iPhone 3Gs Supreme: Not your ordinary iPhone as its encrusted with more than 200 diamonds included a single 7.1 carat diamond and 22 carat pure gold. This sparkly gadget is priced at $3.2 million.

  • Halcyon Dream Card: This gift card gives complete access to Halcyon’s charter flights with personal concierge, premium services and the best accommodations that money can buy. The world’s most expensive gift card costs a jaw-dropping $5 million!

 

Tell us in a comment what you think the most luxurious gift of 2011 might be.

 

Source: International Business Times
Top Photo via TrendHunter
Bottom Photo via BornRich