With Florida’s Luxury Market Sizzling, Here Are the State’s 10 Most Expensive Homes>

As the cold weather continues in most of the nation, temperatures in Florida are sizzling—and so is the real estate market.

It’s difficult to keep up with the dizzying pace of high-dollar deals in the Sunshine State.

To recap February thus far: Only a month after landing on the market for $140 million, a brand-new Palm Beach mansion wound up selling for $122.7 million. The golf legend Greg Norman’s cool compound on Jupiter Island recently listed for $60 million and has already landed an offer. David Tepper, the owner of the Carolina Panthers, just spent $73 million on a brand-new mansion—also in Palm Beach.

Big money has migrated south, and Florida’s luxury market is off to a blistering start in 2021.

With multimillion-dollar mansions flying off the market, we wanted to take stock of what’s left at the top end of Florida real estate. And we have great news: For deep-pocketed buyers still on the sidelines, there are plenty of other opportunities to shine.

Plenty of mansions with enormous price tags are still out there. Slather on the SPF 50 and have a look at the 10 priciest places currently available in Florida.

Price: $115 million

Known as Gemini, this giant, 62,200-square-foot compound has both Atlantic Ocean and Lake Worth frontage, with 360-degree waterfront views. It’s been languishing on the market for years and was once listed for as much as $195 million back in 2016.

Built in 2002, it has plenty of space, with 33 bedrooms, 38 full bathrooms, and 14 half-bathrooms.

The main house has 12 bedrooms, each of the four cottages on the beach has two bedrooms, another house has seven, and of course there are guest and staff houses.

For fun, owners and guests can choose a bottle of wine from the wine cellar, swim in the pool, putt on the PGA standard golf area, hit some balls on the tennis court, play basketball, work out in the gym, or relax in the spa.

To relax, you can stroll through the botanical gardens, which feature 1,500 species of tropical plants.

2000 S. Ocean Blvd, Manalapan, FL
2000 S. Ocean Blvd, Manalapan, FL

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Price: $110 million

Built in 2003, this 28,399-square-foot Mediterranean mansion on Billionaires’ Row has seven bedrooms, nine bathrooms, and six half-bathrooms.

It sits on 2 acres right on the ocean, with an ivy-covered, cloistered courtyard surrounding the pool.

1341 S. Ocean Blvd, Palm Beach, FL
1341 S. Ocean Blvd, Palm Beach, FL

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Price: $95 million

If you want a bit more space, how about your own island? Known as Pumpkin Key, the 26-acre island sits in Card Sound Bay in the Florida Keys, near Key Largo.

It’s a short helicopter ride away from Miami and a brief boat ride to shore.

Right now, there’s a 5,000-square-foot, three-bedroom home on the island, which was built in 1985. It has loads of entertaining space, with an indoor-outdoor feel and a huge pool.

There are also two caretaker’s cottages and a dock master’s apartment near a 20-slip marina that can handle megayachts.

The island’s landscape is lush, and there’s room for several more homes. Tennis courts in the center of the island also serve as a helipad.

10 Cannon Pt, Key Largo, FL
10 Cannon Pt, Key Largo, FL

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Price: $84 million

Completed this year, this brand-new, 18,000-square-foot mansion also sits on Billionaires’ Row.

Inspired by the homes in Bermuda, this estate offers 175 feet of direct oceanfront. It has seven bedrooms with ocean views, as well as two kitchens and oversize living spaces.

The lower level has a wine cellar with room for 4,000 bottles, a home theater, and a fitness center. Guests can stay in the two-bedroom guesthouse.

901 N Ocean Blvd, Palm Beach, FL
901 N Ocean Blvd, Palm Beach, FL

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Price: $78.5 million

This 7,686-square-foot contemporary home is on a large lot at the tip of Palm Beach, with views of Palm Beach Inlet.

Built in 2020, the seven-bedroom home has water views of both the ocean and the inlet. Outside is an infinity pool along with tons of outdoor patio space.

Inside, luxe amenities include a theater room, a sauna, and gym—all with a modern feel.

149 E. Inlet Dr, Palm Beach, FL
149 E. Inlet Dr, Palm Beach, FL

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Price: $56 million

Never lived in, this 17,190-square-foot home was completed in 2019. The two-story contemporary residence has an abundance of natural light, with doors that open to allow for cross breezes and indoor-outdoor living.

Dubbed Lago-a-Lago, the six-bedroom house is being offered fully furnished. For aquatic aficionados, there are docks in both the front and back yard.

520 Island Dr, Palm Beach, FL
520 Island Dr, Palm Beach, FL

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Price: $49.9 million

Sitting on a V-shaped point on Biscayne Bay, this nearly 19,000-square-foot house, finished in 2018, has a dazzling modern design and views of the open ocean and downtown Miami.

Walls of glass showcase the views and allow for a seamless transition between indoors and outdoors. The highlight of the outdoor space is a gorgeous glass mosaic pool with an artistic pattern.

The eight bedrooms include a master suite with a grand entrance, a custom dressing room, and a spa bathroom.

The boat dock is 140 feet long and can accommodate a megayacht of up to 200 feet. Meanwhile, the captain of your yacht can enjoy the captain’s quarters.

41 Arvida Pkwy, Coral Gables, FL
41 Arvida Pkwy, Coral Gables, FL

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Price: $49.5 million

Nestled among the stark white modern homes on Palm Beach’s Billionaires’ Row is La Salona—a mansion built in 1928.

With its 19,434 square feet of living space on almost an acre, this Mediterranean beauty has belonged to the same owner for three decades.

The house boasts 16 bedrooms and includes a three-bedroom apartment on the first floor and another three-bedroom apartment on the second floor.

172 S. Ocean Blvd, Palm Beach, FL
172 S. Ocean Blvd, Palm Beach, FL

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Price: $48.5 million

Surrounded by 674 species of trees and plants, this 13,465-square-foot estate measures 2.38 acres.

Built in 2007, the two-story home has 245 feet of waterfront and direct access to Biscayne Bay and the Atlantic Ocean. And of course, the private dock can handle a large yacht.

Inside, the 12 bedrooms and nine full bathrooms each have unique design features. The compound also has its own chapel, wine cellar, and home theater.

8901 Arvida Ln, Coral Gables, FL
8901 Arvida Ln, Coral Gables, FL

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Price: $46.75 million

The ocean is the backyard at this 17,370-square-foot Mediterranean estate. Built in 1991, the seven-bedroom home offers a master bedroom on the main floor and plenty of living space.

The interior is ornate, with plenty of Old World charm, combined with modern conveniences.

It’s located in the exclusive Seminole Landing neighborhood, and could potentially be subdivided to allow for the development of a family compound or additional structures.

12210 Banyan Rd, North Palm Beach, FL
12210 Banyan Rd, North Palm Beach, FL

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Source: realtor.com

James Carville and Mary Matalin Selling NOLA Mansion for $3.38M

The political odd couple James Carville and Mary Matalin have voted to let go of their New Orleans home. It’s now on the market for $3.38 million.

Not to worry, the Democratic political consultant known as “the Ragin’ Cajun” isn’t leaving Louisiana. Apparently, the couple, who moved to the area over a decade ago, simply decided to downsize into a smaller home nearby.

“I live in New Orleans. It’s my home. I don’t have an iota of desire to live anywhere else,” Carville told nola.com. Matalin is a Republican political consultant.

The two, who dated while working on opposites sides of the 1992 presidential campaign, can both agree on their great real estate choice.

They have owned this glorious Colonial Revival since 2008, when they reportedly picked it up for $2.2 million.

It looks as though the political operatives are angling for a profit on their longtime investment, which has also been used for political fundraisers and nonprofit events.

So what’s the spin on the house? Located near Audubon Park, the “inspiring architecture with modern refinements” measures a grand 8,279 square feet.

Built in 1906, its ornate interiors include a living room with fireplace, a formal, wood-paneled dining room, and built-in bar. An “ultimate” kitchen includes a breakfast nook with built-in seating and opens out to the back deck.

All five bedrooms are en suite, including the master, and there are two more half-bathrooms.

Other perks include a third floor suitable for an office, craft area, or extra guest room. A lower level offers a media and lounge area.

Outside, the quarter-acre garden is a “tropical oasis,” according to the listing description. The lushly landscaped backyard includes a pool, fountains, and a covered deck for outdoor dining and entertaining.

Matalin also owns a brick townhouse in Alexandria, VA, which she snapped up for $2.2 million in 2019.

The Federal-style abode dates to 1770, and is located in the “Captains’ Row” neighborhood in the heart of Old Town. The high-powered couple formerly owned another townhouse in Alexandria, which was featured in Architectural Digest.

Matalin launched her political career as a strategist for the Republican National Committee. In 1992, she ran the re-election campaign for President George H.W. Bush while dating Carville, then the chief strategist for the campaign of the Democrat Bill Clinton. Carville now co-hosts a political podcast.

After working on opposing campaigns, they went on to marry. They documented their story by co-authoring the bestseller “All’s Fair: Love, War and Running for President.”

Recently, Matalin and Carville penned a bestselling sequel: “Love & War: Twenty Years, Three Presidents, Two Daughters and One Louisiana Home.”

Carmen L. Duncan with Re/Max N.O. Properties holds the listing.

Source: realtor.com

SoCal Home Renovated by Jasmine Roth on Season 2 of ‘Hidden Potential’ Sells in a Flash>

The potential of a home in Huntington Beach, CA, was readily apparent to buyers.

And if they blinked, it was easy to miss the fact that this four-bedroom, 3.5-bathroom home was actually on the market at all.

One huge reason behind the speedy sale? The place was renovated by Jasmine Roth on Season 2 of her popular HGTV series “Hidden Potential.”

In less than a week, the home, which was purchased for $825,000 in 2017, had an accepted, contingent offer above the asking price of $1.1 million. Thanks, Jasmine!

Of course, it helps that the 2,223-square-foot residence is located in a great neighborhood. It’s within walking distance of the Bolsa Chica Wetlands, and a 2-mile drive (or skateboard ride) to the Pacific Ocean and legendary Huntington Beach itself, as well as to shopping, restaurants, a golf course, and highly rated schools.

Combined with the location, Roth’s riveting redo made this home a hot commodity. Built in 1969, the home had undergone some renovation over the years, but nothing nearly as dramatic as Roth’s effort a couple of years ago on a $90,000 budget.

“I wanted to update the entire home to represent this fun, vibrant family’s love of the beach. They are a quintessential California couple, raising their family in a beach town, teaching their children a love of the ocean and community,” Roth said on her website.

So the HGTV star took what was previously drab and beige and converted it into a welcoming abode with a “super beachy” vibe, with splashes of aqua, coral, and gleaming white, both inside and out.

Exterior of home in Huntington Beach, CA
Exterior of home in Huntington Beach, CA

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Family room
Family room

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As Roth put it on her blog, “The front of their home needed to be opened up to showcase the welcoming, friendly nature of this family. Inside, the floor plan needed rethinking. By removing one of two redundant family rooms, and redesigning each space in the home with a designated purpose in mind, I helped breathe new life into each individual space.”

Dining area
Dining area

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Living room area
Living room area

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The home’s biggest highlight may be the bright and open gourmet kitchen, which features stainless-steel Viking appliances and quartz countertops, with a stylish tile backsplash. There’s also a large dining island with a dedicated beverage refrigerator.

Roth also added not one, but two work spaces right next to the kitchen—an addition that now makes perfect sense for a work-from-home lifestyle.

One workspace is for adults, the other is for kids, with the intention that a family can get work done “while in the good company the kitchen always provides.”

Kitchen
Kitchen

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Dual workspaces
Dual workspaces

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Other interesting “hidden” features include a secret bookshelf door under the stairs that leads to a children’s play fort, and a clever Biersafe outside—an in-ground cooler that costs nothing to operate, since it uses the ground’s thermodynamics to keep beverages chilled, and can be hidden underneath a flower pot.

Under-stairs bookshelf that leads to a children's play fort
Under-stairs bookshelf that leads to a children’s play fort

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The house has two bedrooms and one bathroom upstairs, two full en suite bedrooms downstairs, and a powder room for guests. This can put much desired distance between the adults and the kids. When the episode aired in 2019, the owners had three of their four children, Grandma, and two dogs living with them.

Peach-colored beach bedroom
Peach-colored beach bedroom

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Children's bedroom
Children’s bedroom

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Additional child's bedroom
Additional child’s bedroom

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More grownup sleeping quarters
More grownup sleeping quarters

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With new landscaping, cement, fences, paint, and other finishes both in the front and in the back, the home’s renovation was complete, ready to be snatched up in no time after it went on the market.

When the work was done, Roth said she felt the home had a “purposeful update that it deserves.” It looks as if buyers agree.

Backyard with fire pit
Backyard with fire pit

Source: realtor.com

Former Dodger Mark Ellis sheds Scottsdale home with a batting cage

Mark Ellis, the veteran Major Leaguer who spent two seasons with the Dodgers during his long baseball career, just wrapped up a deal in the desert, selling his amenity-loaded mansion in Scottsdale, Ariz., for $6.4 million.

It’s a hefty profit for the second baseman; records show he paid $1.2 million for the land in 2007 and finished building the nearly 10,000-square-foot showplace five years later. It spans an acre in Silverleaf, a gated community nestled at the foot of the McDowell Mountains with celebrity residents over the years including rocker Bret Michaels and pro golfer Geoff Ogilvy.

Even during quarantine, it’d be tough to get bored at the compound, which includes a sports court, swimming pool, spa, in-ground trampoline and an exercise room with a batting cage, rock-climbing wall and steam shower.

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Vaguely Mediterranean in style, the home features a tan exterior that opens to voluminous living spaces with vaulted ceilings, neutral tones and hardwood floors. Marble tops the tiered island in the chef’s kitchen, and the two-story great room is overlooked by a playroom with sliding farmhouse doors.

Six bedrooms, 8.5 bathrooms and a wine cellar complete the interior. Outside, highlights include a courtyard, ivy-covered dining area, spacious turf lawn and chandelier-topped cabana with a fireplace.

Ellis, 43, spent time with the Athletics, Rockies, Dodgers and Cardinals during a 12-year career in which he hit 105 home runs and 550 RBIs. His .991 fielding percentage is the fifth-best in MLB history for a second baseman.

Silverleaf Realty held the listing. Cindy Marquardt of Realty Executives represented the buyer.

Source: latimes.com

U.S. existing-home sales unexpectedly rise to three-month high

Sales of previously owned U.S. homes unexpectedly rose to a three-month high in January as Americans sought to take advantage of ultra-low mortgage rates that have powered the boom in housing.

Contract closings increased 0.6% from the prior month to an annualized 6.69 million, after a downwardly revised 6.65 million in December, according to National Association of Realtors data released Friday. The median forecast in a Bloomberg survey of economists called for a 6.6 million rate in January.

Low borrowing costs paired with a desire for single-family homes with more space during the pandemic has propelled demand, even as other parts of the economy lag. Sales of existing homes last year were the strongest since 2006. Still, prices are rising, inventory is limited and expectations of higher mortgage rates may weigh on buyer demand going forward.

“We have to get more inventory,” Lawrence Yun, NAR’s chief economist, said on a call with reporters. “Sales could be even higher,” if more homes were put on the market, he said.

Single-family homes with rooftop solar panels and backyard pools are seen in this aerial photograph taken over a Lennar Corp. development in San Diego, California.

Bing Guan/Bloomberg

While low mortgage rates have helped make buying a home more affordable, prices are soaring. The median selling price increased 14.1% from a year earlier to $303,900 in January, a record for the month.

Properties remained on the market for 21 days in January, compared with 43 days in the same month last year.

There were a record-low 1.04 million homes for sale last month, down 25.7% from a year earlier. At the current pace, it would take 1.9 months to sell all the homes on the market, down from 3.1 months in January of last year. Realtors see anything below five months of supply as a sign of a tight market.

Recent data also suggest the housing market will remain a bright spot for months to come. While home-construction declined in January for the first time in five months, permits to build single-family houses rose at the fastest pace since 2006. The number of one-family dwellings authorized but not yet started increased to the highest in more than 13 years.

Source: nationalmortgagenews.com

Dutch director Roel Reiné debuts his urban farm in Lake Balboa

Roel Reiné, the Dutch director whose credits include “Inhumans” and “Wu Assassins,” has created a world of his own in Lake Balboa, and now he’s putting it on the market. The half-acre estate, which he turned into a farm-like setting with chickens, gardens and fruit trees over the last five years, just listed for $1.1 million.

Records show Reiné and his wife, actress Iris Stobbelaar, paid $755,000 for the mini-compound in the San Fernando Valley neighborhood in 2016. During their stay, they added a chicken coop, herb garden and 12 types of fruit trees including apple, orange, lemon, lime, nectarine, peach, plum and apricot. They also turned the sky-lit garage into a 475-square-foot soundproof theater and recording studio.

Fenced and landscaped, the ranch-style home is tucked below a ginkgo tree and holds four bedrooms and two bathrooms across a single story. The yellow exterior gives way to 2,038 square feet of living spaces in white, green and gray.

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A brick fireplace anchors the living room. A window in the custom kitchen overlooks the leafy backyard, where a treehouse-like deck overlooks the swimming pool. At the edge of the property, there’s a storage unit shrouded in rose bushes and grapevines.

The 50-year-old director handled mostly Dutch films in the ‘90s before American action and horror features such as “Bear,” “Death Race 2” and “The Man with the Iron Fists 2.”

Phil Missig of Berkshire Hathaway HomeServices California Properties holds the listing.

Source: latimes.com