Surprise! A Kardashian Changes Her Mind
The $4.5 million Hidden Hills home that Kylie Jenner bought this past summer turns out to be unnecessary baggage. Or, something nearly as expedient as a Snapchat post.
The littlest Kardashian kid has now decided she doesn’t want the 4-bedroom home. It’s back on the market with a “slight” upcharge: $5.5 million is what she seeks for the sprawling abode decked out with custom woodwork and an enchanting outdoor pool.
A person would almost need a celebrity homes road map to keep up with Kylie Jenner, let alone all the other real estate wheeling and dealing amongst reality TV’s first family. But this isn’t the first and it won’t be the last home purchase or sale for Kylie Jenner. She bought another $12 million in Hidden Hills this year, too.
Between Malibu, Calabasas and Hidden Hills, the Kardashian-Jenner clan is keeping doing their part to steam up Los Angeles’ hot real estate market.
The Happiest Palm Springs Home For Sale
It’s not the Magic Kingdom, but for anyone who appreciates a mid-century modern home that typifies the style and mood of Palm Springs, this whimsical home is the one for you.
Julia Roberts’ Hawaiian Estate Finally Sells
After more than a year on the market and several price cuts, Julia Roberts finally found a buyer for her Kauai estate. But the “Pretty Woman” star only got $16.2 million for the 3,800-square foot beachfront home -- far less than the $29.85 million original list price.
The 1940s-era home has a 5-bedroom main residence and a 2-bedroom guest cottage. The home was formerly a sugar plantation along Hanalei Bay. Roberts bought the home five years ago for $13.375 million, but with homes in NYC, L.A. and New Mexico, there’s no crying for this A-list celebrity when it comes to real estate wheeling and dealing.
Bob Hope’s Spaceship Lifts Off
Palm Springs and Bob Hope were once semi-synonymous. It was in the desert enclave where the legendary entertainer made a big splash by having visionary architect John Lautner design a 23,000-square-foot house that resembled a flying saucer for him and his wife.
Net Gain For Uma
Uma Thurman, the “Kill Bill” star and longtime New York City resident, collected $6.608 on the sale of her stellar duplex in the swanky Gramercy Park section of Manhattan. The 5-bedroom, 3.5-bathroom co-op had been on the market for $6.25 million.
Thurman has owned other apartments in this classic NYC prewar building. She and her ex, Ethan Hawke, were co-owners for a unit and she owned another on her own, which she sold in 2006. And there’s a reason the 1910 building was so inviting: Thurman’s duplex featured herringbone oak floors, wood-burning fireplace and a library.
Super Sale Wanted
The time has come for “Superstore” star Ben Feldman and his actress wife, Michelle Mulitz to move on. The couple has listed their mid-century home in Los Angeles. The Runyon Canyon Park ranch is listed for $1.489 million and contains 3 bedrooms and 3 bathrooms. The 2000 square-foot home feels even larger with an open floor throughout and French doors that lead to the back patio. Time for a little more room to roam: the couple bought comedian Joel McHale’s former digs in Los Feliz for $2.55 million.
Holy Flipping Vampire
Billy Bush Lists NYC Townhouse
The fallout continues for Billy Bush. After an “Access Hollywood” tape was released showing the new “Today” co-host egging on Donald Trump about groping women, Bush lost his job. Now he’s giving up his NYC townhouse for which he had big plans to coincide with his big job.
Bush has just listed the Chelsea residence for $8.25 million. Bush bought the 5-bedroom, 6-bathroom townhouse and was going to renovate it, but now there’s no reason to go ahead. The 7,200-square-foot townhouse was formerly an apartment complex but Bush—had he stayed on at NBC—was going to transform it back into a single-family home.
Iron Chef Donatella Digs Into New NYC Condo
Culinary mogul Donatella Arpaia has become a major player in the NYC restaurant world (Mia Dona, Anthos, kefi and EOS) and as a Food Network star. Now the 40-something entrepreneur has a new Manhattan condo, fitted with a top-of-the-line kitchen.
Arpaia and her cardiac surgeon husband, Allan Stewart, have just purchased a $2.9 million apartment along Fifth Avenue. The One Museum Mile condo sits above the Museum for African Art and has 3 bedrooms, 3.5 bathrooms and, of course, a ton of counter space.
By Laura Vecsey
Hawaiian Price Cut for Julia
If at first you don’t succeed … knock $10 million off the list price. That’s exactly what Oscar-winning actress Julia Roberts has done at her beachfront Kauai estate.
The 3,800-square-foot property hit the market last year for $30 million, but Roberts has been slowly stepping off the accelerator over the past year, dropping the price along the way. She’s now willing to take $19.5 million – not far off from the $13.375 million she paid for it five years ago.
Kylie Jenner Lands New Home
Reality star Kylie Jenner, 19, has purchased a $12 million, 13,200-square-foot home in Hidden Hills – a popular enclave for the reality TV star family.
The Cape Cod-like mansion sits on a 1.42-acre Southern California lot, complete with a private swimming pool. Inside, there are no less than 12 bedrooms and 8 bathrooms, so should Kylie decide to have a family sleepover, there’s plenty of room to spare. And, of course, the home comes with a gym and a movie theater and just about every other amenity a Kardashian could dream of.
By Laura Vecsey
Leo Lists Again!Full Story
Leonardo DiCaprio is slimming down – his real estate holdings, that is. The Oscar-winning actor has added a Studio City home to the list of properties he’s seeking to sell. The 3,400-square-foot mid-century modern is on the market for $2.395 million.
The move comes just weeks after DiCaprio hoisted his Malibu home on the market, where his mother reportedly lived. That home is located on the notable “Billionaires Beach.” …
By Laura Vecsey
Reba No Longer ‘Starstruck’
A year after selling her Beverly Hills mansion, country music & entertainment juggernaut Reba McEntire is looking to sell her Nashville spread. The 83-acre property is listed for $7.9 million and is located on a street name perfect for a country tune: Old Hickory Lane.
Reba’s place is called Starstruck Farm and includes a 12,800-square-foot Colonial house that overlooks a lake. Fresh off a divorce from her husband of 26 years, Reba is clearly ready for a new start, so it’s goodbye to the farm and all the amenities – which include a tennis court, swimming pool, guest house, 8-car garage and equestrian center with a 16-stall barn and 12 fenced paddocks.
By Natalie Wise
Michael Phelps Has a New Place to Hang His Gold MedalsFull Story
Michael Phelps ended his swimming career by breaking even more records at this summer’s games, but he says he’s officially retired now. Since he just purchased a gorgeous estate in Scottsdale, Ariz., perhaps we really won’t be seeing the superstar in the pool anymore.
At least not on television. The custom pool at his new house is quite the showstopper itself. The pool and hot tub will be used for relaxing with his fiancé and child, though, instead of training. He’s found a new place to call home and hang his 22 medals. Phelps purchased the home for $2.5 million.
The home itself is an Arizona masterpiece, made with European stone and terra cotta roof tiles. The interior, though, is a contemporary marvel. High coffered ceilings, plenty of skylights, gleaming marble countertops, gleaming stainless steel accents, and a sense of airiness permeate the house. …
By Christina Sturgis
A survey of housing experts by Zillow suggests that the decline in the population of immigrants in the country illegally may drive up housing prices because many of them find employment in construction and extraction, the drilling, boring, excavation and clearing debris required by major projects.
Among the Zillow panel of experts, made up of economists and researchers, 40 percent said they expected the demographic changes would push builders to favor luxury projects with higher profit margins to make up for the higher building costs.
About 43 percent of the respondents said a decline in the population of immigrants in the country illegally would result in more construction jobs for U.S. and foreign-born workers. More than 30 percent linked the population decline to lower inventory, and they predicted that construction of new homes would remain below historical norms. …Full Story
By Natalie WiseFull Story
When it comes to sleeping well, a serene bedroom is the ultimate in comfort and luxury. But it seems too high a price to pay some days when the rest of the house is a mess, too. Here are five easy design tips to make creating an oasis in your bedroom a simple proposition, no DIY projects required.
Clear the Clutter
Clutter traps the brain into thinking about everything left undone. A proper sleeping environment is one that is free of the “stuff” of life. Clear the clutter and you clear your mind. So fold the laundry, or at least put the basket in the closet and close the door. A quick five-minute sweep before you go to bed will have you resting easy.
Keep Things Quiet
Color-wise, that is. Use a calming palette of neutral and natural colors. Think calming sky blue, sage green, and other soft colors. You want the mind to rest here, and bright colors will only activate your senses. Keep throw pillows, blankets, rugs and art soothing and restful. Pantone’s 2016 Colors of the Year, a soft pink and a soft blue, are perfect.
Create a soft, cozy haven in your bed. Plump up the pillows, fluff the comforter, add a quilt to the bottom and turn down the sheets. Soothe your senses by keeping everything plush and as comfortable as possible. This is no place for the pretty-but-scratchy throws.
Create a Sitting Area
Creating a small seating space with a chair and reading lamp invites relaxation. Cozy up with a cup of tea and a good read and you’ll be dreamy in no time. You probably already have a chair in your bedroom, so clear the laundry from it and set it up for snuggling.
Dim the Lighting
Light is one of our body’s cues to be awake. That’s why a focus on soft, dimmable lighting in the bedroom is ideal. They’ll help you transition to a good night’s sleep. Quick fix: Take that bright lightbulb out and go for a lower wattage.
By Laura Vecsey …Full Story
By Natalie Wise
Miami and Manhattan homebuyers won’t be able to keep their cash real estate deals under a beach umbrella any longer. The Treasury Department wants to keep an eye on these transactions, so it has introduced new rules for transparency.
Because many cash sales take place under corporations that shield the buyer’s identity, the new rules require title companies to unmask the buyer if the transaction totals more than $3 million. The new rule will also show how many cash sales involve foreign investors.
The majority of cash real estate deals happen in Florida — in fact, eight of the top 10 cash markets are in the state, with Miami as the No. 1 cash market. In 2012, 70 percent of all real estate transactions in Miami were cash. This has slowed down as the economy has improved, but 55 percent of real estate sales are cash in Miami, which is why the government is setting its sights on the details of the market.
Sarasota is the No. 2 cash market, at 53.4 percent, and in Fort Myers, 51.8 percent of transactions are in cash. In Daytona Beach, just under 50 percent of the sales are cash, while in Tampa, 47.8 percent of home sales are cash. …Full Story
By Natalie Wise
Despite many marked improvements in the housing market across the country, a large number still owe more than their homes are worth. In the case of 820,000 unlucky homeowners, they owe more than twice the value of their homes.
This situation, termed “negative equity,” meaning the home holds no equity and more is owed that it is worth, is popularly referred to as being “underwater.” At peak negative equity, 31.4 percent of mortgage holders were sinking to some level in the first quarter of 2012.
As of the fourth quarter of 2015, things have certainly improved, with only 13.1 percent of mortgage holders underwater, according to Zillow. But that percentage still represents 6.3 million homeowners who owe more than their homes are worth. That’s a decline of 27 percent from 2014, when 8.7 million homeowners were underwater.
Of those 6.3 million, 13 percent of them owe more than twice what their homes are worth. That is 820,000 borrowers who are nearly drowning in their mortgages. …Full Story
By Natalie Wise
Five common occupations have greatly varying incomes around the country. This makes buying a home a vastly different experience for, say, a firefighter in Riverside, Calif., than one in Charlotte, N.C. Zillow’s affordability index shows the best places to buy homes according to occupation.
The firefighter in Riverside can afford much more house than the firefighter in Charlotte. In Charlotte, a firefighter makes a median salary of $41,000, 19 percent of which goes toward housing, so an affordable house would be around $180,000.
In Riverside, a firefighter makes an average of $107,000 a year. They do spend more on housing — 26 percent of their income — but that allows them to purchase a home up to $653,000. In Tampa, the median firefighter salary is $56,000, and 75.9 percent of homes — up to $251,000 — are affordable. …Full Story
By Christina Sturgis
People may view Fort Lauderdale as a tourist-friendly coastal city, but the real estate experts at Zillow have found another characteristic worth noting: the Poinsettia Heights neighborhood is a “gayborhood,” and it’s good for real estate values.
It’s called the Gayborhood Phenomenon in the book “Zillow Talk: The New Rules of Real Estate.” Zillow determined which neighborhoods have the highest percentages of gay-partner households from the U.S. Census Bureau’s American Community Survey.
“Over the past forty years, home prices in historically gay neighborhoods have steadily outperformed average prices for the metros in which they’re located,” write Zillow CEO Spencer Rascoff and Chief Economist Stan Humphries.
In Poinsettia Heights, an estimated 28 percent of households are headed by same-sex partners. The region embraces these nontraditional families. For example, the city of Wilton Manors, which adjoins Fort Lauderdale, has a page on its official website devoted to gay life, and says the local elementary school is high in quality and includes the children of many LGBT families. …Full Story