Originally published on November 09, 2017|The Wall Street Journal|
A
Tudor-style home in San Francisco’s Presidio Heights neighborhood is on
the market for $25 million, making it one of the most expensive
properties currently on the market in the city.
The 11,700-square-foot home has nine bedrooms, eight bathrooms and a formal dining room, as well as a wine room, a deck and a media room. The house features wood-paneled walls, coffered ceilings, moldings, large picture windows and pocket doors. There is also a large four-car garage and parking for five or more cars in the driveway. The property backs directly onto the Presidio, a national park at the Golden Gate Bridge.
The gated property was first designed in 1910 by architect Hermann Barth for Mary A. Huntington, the first wife of railroad magnate Henry Huntington, and sits on more than a quarter of an acre of land, according to the listing.
More: Landmarked San Francisco Tudor-Style Mansion Gets $2.5M Price Cut
The seller is philanthropist Tamara Fritz, according to the listing agent, Barbara J. Callan of McGuire Real Estate. The Fritz family bought the property for $5.5 million in 1989, records show, and remodeled and expanded it in 1994. Ms. Callan said her client is selling because her children had grown up and moved out. Ms. Fritz declined to be interviewed.
Ms. Callan shares the listing with her son Robert Callan Jr., also of McGuire.
Write to us: info@mansionglobal.com
The 11,700-square-foot home has nine bedrooms, eight bathrooms and a formal dining room, as well as a wine room, a deck and a media room. The house features wood-paneled walls, coffered ceilings, moldings, large picture windows and pocket doors. There is also a large four-car garage and parking for five or more cars in the driveway. The property backs directly onto the Presidio, a national park at the Golden Gate Bridge.
The gated property was first designed in 1910 by architect Hermann Barth for Mary A. Huntington, the first wife of railroad magnate Henry Huntington, and sits on more than a quarter of an acre of land, according to the listing.
More: Landmarked San Francisco Tudor-Style Mansion Gets $2.5M Price Cut
The seller is philanthropist Tamara Fritz, according to the listing agent, Barbara J. Callan of McGuire Real Estate. The Fritz family bought the property for $5.5 million in 1989, records show, and remodeled and expanded it in 1994. Ms. Callan said her client is selling because her children had grown up and moved out. Ms. Fritz declined to be interviewed.
Ms. Callan shares the listing with her son Robert Callan Jr., also of McGuire.
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East Hampton Estate Relists with $55M Cut, Sans Plans for a New Mansion
The waterfront property is available as two separate parcels or combined into a compound
Originally published on November 28, 2017| Mansion Global| Save Article
A
two-parcel compound in East Hampton, New York, that was listed for $85
million earlier this year, has returned to the market for under $30
million, as plans for a new mansion as part of the sale have been
scrapped.
The seven-acre estate was first listed with the same configuration for $45 million in 2015. The price dropped to $32 million in 2016: $21 million for the 3.5-acre parcel with a five-bedroom house on it, and $11 million for the vacant, 3.6-acre lot, according to listing records.
Failing to find a buyer with the $13-million price cut, the compound was then offered in April 2017 for $85 million, including plans for a mansion designed by Steven Gambrel and built by developer Jeffrey Collé, The Wall Street Journal reported.
However, this strategy didn’t work, either. The estate was relisted as is last weekend for $29.495 million, according to the listing with Compass.
More: Click to Read More About Luxury Homes in The Hamptons
The two parcels perched above Georgica Cove and the Atlantic Ocean can still be purchased separately, with the vacant lot with nearly 500 feet of water frontage asking $9.995 million and the other one, with a two-story house built on it, asking $19.5 million.
Built in 1990, the 6,118-square-foot residence has five bedrooms, four full bathrooms and one half bathroom, a great room, a library/den, a home office and three fireplaces. It also comes with a heated pool and 450-foot water frontage.
The property was the longtime home of late investment banker Carl Tiedemann II, founder of Tiedemann Investment Group, one of the longest-standing hedge funds. He died in 2016 at 89. His estate is selling the property.
The property features beams from an English barn built in the 1500s, which the late Mr. Tiedemann bought in the 1980s, one of his sons Michael Tiedemann told The Wall Street Journal.
Listing agent Lori Schiaffino of Compass wasn’t immediately available for comment.
Write to us: info@mansionglobal.com
The seven-acre estate was first listed with the same configuration for $45 million in 2015. The price dropped to $32 million in 2016: $21 million for the 3.5-acre parcel with a five-bedroom house on it, and $11 million for the vacant, 3.6-acre lot, according to listing records.
Failing to find a buyer with the $13-million price cut, the compound was then offered in April 2017 for $85 million, including plans for a mansion designed by Steven Gambrel and built by developer Jeffrey Collé, The Wall Street Journal reported.
However, this strategy didn’t work, either. The estate was relisted as is last weekend for $29.495 million, according to the listing with Compass.
More: Click to Read More About Luxury Homes in The Hamptons
The two parcels perched above Georgica Cove and the Atlantic Ocean can still be purchased separately, with the vacant lot with nearly 500 feet of water frontage asking $9.995 million and the other one, with a two-story house built on it, asking $19.5 million.
Built in 1990, the 6,118-square-foot residence has five bedrooms, four full bathrooms and one half bathroom, a great room, a library/den, a home office and three fireplaces. It also comes with a heated pool and 450-foot water frontage.
The property was the longtime home of late investment banker Carl Tiedemann II, founder of Tiedemann Investment Group, one of the longest-standing hedge funds. He died in 2016 at 89. His estate is selling the property.
The property features beams from an English barn built in the 1500s, which the late Mr. Tiedemann bought in the 1980s, one of his sons Michael Tiedemann told The Wall Street Journal.
Listing agent Lori Schiaffino of Compass wasn’t immediately available for comment.
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An ‘Arts and Crafts’ Estate in the Verdant Welsh Countryside
Woodlands, gardens and William Morris designs make Aber Artro Hall an idyllic retreat
Listing of the Day
Location: Llanbedr, North Wales
Price: £2 million (US$2.6 million)
Surrounded by an idyllic Welsh landscape, Aber Artro Hall is situated on over 30 acres of property encompassing a serene mix of formal gardens, verdant paddocks and lush woodlands. Built in 1910 in an “Arts and Crafts” style, the Grade II-listed hall features impressive wood floors, paneling and beams brightened throughout by tasteful splashes of William Morris glass, wallpaper and fabric.
“It has a lot of character,” noted listing agent Harriet Button of Savills Chester. The residence’s many large rooms suggest this character in their own distinct, yet interrelated, way. The dining room features Austrian oak paneling, while one of the bedrooms contains a Dutch-tiled fireplace and another is designed in a Gothic Revival style, to name just a few of the home’s many unique features.
“It is really substantial,” Ms. Button said of the residence’s vast accommodations, ideal for housing both family and friends. Thankfully, she added, the over century-old residence has been maintained “in such a way that it really preserves a lot of the history of the place.”
Befitting such a classic estate, the
property also contains verdant, manicured lawns and several uniquely
landscaped gardens that each reflect a different garden style. As a
result, the property includes a Japanese garden, a rose garden, and an
Italian-style courtyard garden complete with fountain, in addition to
others.
Stats
Spanning over 30 acres of land, the property’s approximately 14,066-square-foot home has seven bedrooms and six bathrooms. Additionally, the property contains a cottage tea house capable of seating 40 people.
Amenities
The property contains several amenities ideal for a secluded countryside estate, such as stables, a three-car garage, several outbuildings, a playroom, a billiards room and a tennis pavilion.
More: Click to View a Historic Victorian Mansion in the Countryside of Wales
Neighborhood notes
While woodlands surrounding the residence ensure privacy, Ms. Button is keen to point out that the property is also near a quaint town with many small shops. Additionally, the area also contains Neolithic standing stones and lies near the coast, the Morfa Dyffryn beach and dunes, as well as the scenic peninsula known as Shell Island.
Agent: Harriet Button, Savills Chester
View the original listing.
Write to Listing of the Day
Write to us: info@mansionglobal.com
Location: Llanbedr, North Wales
Price: £2 million (US$2.6 million)
Surrounded by an idyllic Welsh landscape, Aber Artro Hall is situated on over 30 acres of property encompassing a serene mix of formal gardens, verdant paddocks and lush woodlands. Built in 1910 in an “Arts and Crafts” style, the Grade II-listed hall features impressive wood floors, paneling and beams brightened throughout by tasteful splashes of William Morris glass, wallpaper and fabric.
“It has a lot of character,” noted listing agent Harriet Button of Savills Chester. The residence’s many large rooms suggest this character in their own distinct, yet interrelated, way. The dining room features Austrian oak paneling, while one of the bedrooms contains a Dutch-tiled fireplace and another is designed in a Gothic Revival style, to name just a few of the home’s many unique features.
“It is really substantial,” Ms. Button said of the residence’s vast accommodations, ideal for housing both family and friends. Thankfully, she added, the over century-old residence has been maintained “in such a way that it really preserves a lot of the history of the place.”
Stats
Spanning over 30 acres of land, the property’s approximately 14,066-square-foot home has seven bedrooms and six bathrooms. Additionally, the property contains a cottage tea house capable of seating 40 people.
Amenities
The property contains several amenities ideal for a secluded countryside estate, such as stables, a three-car garage, several outbuildings, a playroom, a billiards room and a tennis pavilion.
More: Click to View a Historic Victorian Mansion in the Countryside of Wales
Neighborhood notes
While woodlands surrounding the residence ensure privacy, Ms. Button is keen to point out that the property is also near a quaint town with many small shops. Additionally, the area also contains Neolithic standing stones and lies near the coast, the Morfa Dyffryn beach and dunes, as well as the scenic peninsula known as Shell Island.
Agent: Harriet Button, Savills Chester
View the original listing.
Write to Listing of the Day
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Decorating a Family Room That’s Chic, Not Cluttered
With these tips, the heart of the home can be well designed
Designed
by Nicola Fontanella, this ballroom-turned-family room in Royal
Regent’s Park London combines the elegance of a drawing room with the
practicality of a common space.Joas Souza
Family rooms have a certain reputation for being relaxed. And by relaxed, we mean seriously lived in. While a family room should feel comfy, it doesn’t have to show its wear, tear and all its contents.
The challenge is keeping it chic when it’s also a high-traffic zone (think: kids, dogs). To make your space both user-friendly and sophisticated, follow these tips from the pros.
More: How to Lighten Up Even the Darkest Rooms
Think about the layout
“It might make more sense to section off parts of a large room with dividers for different uses. These can double as storage shelving and break the space into different zones, so the dining area can be used for a dinner party while the kids’ toys/ play area is out of sight. For a recent project for Hampstead Manor in North London, we used two lacquered stained walnut veneer dividers with antique brass metal details to split the room into three parts. The solid elements at the bottom double up as storage for kitchen items and children’s toys. The upper parts are for putting treasured objects on display. Our aim was to give the room a luxurious-yet-functional feel, perfect for family living. We also included a wall of bookshelves to showcase special treasures, books, and standout toys.
"Patterns hide mess while also adding interest and narrative to the space. And, they’re often more hard-wearing because they cover up wear and tear. Textured cushions and wall coverings can also hide a multitude of sins.”
— Stephen Crawley, co-founder of London-based Bowler James Brindle
Nico Wills More: Cheers! How to Design Your Home Bar
Consider wear and tear
“Choose materials that perform well. Crypton fabric for sofas and chairs is a great option since it’s nearly indestructible. Wood can be durable, too, but keep in mind, it can also show nicks easily. If you opt for a wood coffee table, for instance, add a tray on top to limit damage. Metal frames are usually most practical when it comes to resiliency.
"Use cubbies, totes, and storage spaces wisely. Floating shelves are a great feature to add on top of a cabinet to show off family photos or any breakable items. These should be kept high for all to see but out of reach of prying hands. Add a shorter, linear cabinet that has cubbies and doors to hide kids’ toys. Conceal the TV in a cabinet or console for a chicer look, along with the accompanying wires.”
— Interior designer Jaclyn Galbraith of Robare Custom Homes in San Antonio, Texas
Robare Custom Homes More: Decorating Your Home for the Holidays
Merge form and function
“I’m a big believer in using ‘the best for every day,’ rather than spending a fortune on something that is only used once a year. For a home in Royal Regent’s Park in London, we turned a ballroom into a family room so it could become the heart of the house and everyone could enjoy it. The room is now multi-functional, as it serves as a family drawing room, a casual space, an entertaining space, and a dining and TV room.
"While using rounded corners for safety and user-friendly fabrics such as leather and suede for comfort to fortify the space, adding texture to the walls with wallpaper lends depth, using cabinetry provides hidden storage space for toys etcetera, and decorating with a mix of patterns, textures, and layers creates an elevated space.”
－Nicola Fontanella of Argent Design, based in London and Miami
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Hong Kong Apartment Breaks Price Records
The apartment is one of a string of record-breaking sales in the super luxury market
An apartment at Mount Nicholson residential tower is sold for HK$131,000 per square foot, a price record for Asia.Wheelock Properties
The smaller of the two flats, a 4,242-square-foot residence, was sold for HK$560 million (about US$72 million), averaging HK$132,000 (about US$16,898) per square foot and setting a price record for Asia.
More: The Peak: Secluded Luxury High Above Hong Kong
The larger one, sized at 4,579 square feet, cost the buyer HK$605 million (about US$77 million), or HK$131,000 (US$16,771) per square foot.
It’s unknown whether the buyer plans to combine the two apartments.
Before this, the most expensive home sold in the region in terms of price per square foot was a HK$522 million (US$66.8 million) penthouse at Henderson Land Development’s 39 Conduit Road, in the Mid-Levels neighborhood, averaging HK$105,000(US$13,446) per square foot, public records show.
To put it in perspective, Manhattan’s most expensive apartment, a penthouse at One57 on Billionaires’ Row, sold for US$100.5 million in 2015, with an average US$9,198 per square foot.
“The market response to Mount Nicholson has been overwhelming,” said Cello Chan, assistant general manager of project marketing of Wheelock Properties. “We achieved satisfactory sales results with record-breaking transaction prices.”
Two homes have sold for over HK$1 billion (US$128 million) this year at Mount Nicholson, comprising 19 single-family houses and 48 apartments in four towers over three phases. The Phase I includes 17 detached houses, Phase II has two houses and 24 apartments, and Phase III includes 24 apartments.
Simon Smith, head of research at Savills Hong Kong, concurred. “This tells us that Hong Kong remains an attractive place for ultra-high net worth people to live and work in, but also reflects the scarcity value of this type of property,” he said.
Super-luxury market continues to strengthen
As Hong Kong and China rapidly churn out billionaires, super-luxury homes are coveted in the city-state, which is ranked Asia’s—and arguably the world’s—most expensive property market.
In 2016, the Asian continent added a new billionaire about every other day, most of them from China and India, according to a world wealth report by UBS Wealth Management and PricewaterhouseCoopers.
There are 647 billionaires residing in China’s mainland and 66 live in Hong Kong, according to a separate report, Hurun’s The Richest People in China released in October.
The vast majority of buyers in the top-end of Hong Kong residential market are either mainland Chinese or local residents acquiring properties for their own use, according to Mr. Ma.
“The string of record-breaking transactions shows that buyers remain confident about the outlook for Hong Kong’s residential property market,” he said.
The high-end market will likely continue to strengthen during the remainder of the year and into 2018, according to Thomas Lam, senior director and head of valuation and consultancy at Knight Frank Hong Kong.
“Demand should remain strong amid robust financial markets around the globe,” Mr. Lam said. “It is also less susceptible to potential government policy risks as luxury buyers typically have strong purchasing power.”
So far in 2017, the luxury residential market in Hong Kong had been lagging behind the mass market. “Given the scarcity of luxury properties in prime locations, the super luxury market is likely to remain strong and outpace the mass market in 2018,” Mr. Lam said.
Wheelock Properties Mount Nicholson to benefit from robust demand
Mount Nicholson is well positioned to benefit from the strong market demand for mega-sized ultra-luxury properties.
During this week’s release, six units had to be re-tendered the following day due to keen competition, potentially selling for higher prices.
Situated on The Peak, the most prestigious address in Hong Kong, Mount Nicholson is a gated community set amid natural woodlands overlooking Victoria Harbour.
Over seven years in the making, the development was originated by an international creative team led by acknowledged masters in concept planning, architecture, interior design and craftsmanship, including Robert A.M. Stern Architects, Yabu Pushelberg, Champalimaud and David Collins Studio.
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