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MIAMI
The real estate market in Miami is on the verge of a boom—again. Unlike the last boom in 2004, however, buyers are not overextended investors or speculators in search of quick flips, they are overseas visitors with pocketfuls of cash looking for super sleek, architectural spaces in move-in condition. According to the Miami Association of [...]
PRIVATE DESTINATION CLUBS
It’s been a turbulent decade for Private Destination Clubs—non-equity clubs that offer a portfolio of luxury homes in popular resorts around the world to members who, in exchange for a hefty downpayment, forego the expense and hassle of multiple home ownership. Many PDCs faded into bankruptcy. Some consolidated their holdings. And a handful thrived by [...]
CARIBBEAN
La Peregrina, the famous pear-shaped pearl owned by Elizabeth Taylor and auctioned in December for $11.8 million, was discovered off the coast of Panama in the 1500s. In 2014, when Pearl Island opens, residents will have the chance to cultivate their own gems. The community on Isla Pedro Gonzalez has established natural oyster pearl [...]
BEL-AIR
Perched high on a private promontory, this estate is one of two west-facing properties that overlook Stone Canyon Reservoir. Surrounded by greenery and with tranquil views over the reservoir and Bel-Air, this retreat on 28,300 sf was built in the mid 1990s and has had recent renovations. From the entry in the approximate 2,604-square-foot main [...]
