THE CROWN JEWEL OF OLD FLORIDA

By Cathleen McCann

A slice of Florida’s rich history can be found on Gasparilla Island. This narrow barrier island, located in southwest Florida, is home to Boca Grande. A classic old railroad town which has been home to some of this country’s most influential families, Boca Grande retains much of its turn-of-the-century flavor in its beautiful architecture, historic district, and lifestyle.

“Boca Grande offers a one-of-a-kind “Old Florida” lifestyle,” says Randy Wojcik, owner/broker of Gasparilla Properties in Boca Grande, Florida. Gasparilla Island’s strict development guidelines preserve the area’s distinctive look and heritage, while its casual lifestyle and world-class golf have earned it many accolades from top travel and lifestyle publications.

Miles of beaches flank the Gulf coast and Charlotte Harbor sides of the island, making this a fantastic place for waterfront properties.  Boating and world-class Tarpon game fishing have been popular activities here since Boca Grande’s earliest days.  One of Boca Grande’s premier waterfront residences is located in Grande Bay, a private enclave of eight magnificent waterfront homes on Charlotte Harbor. This $9.995-million home, designed by renowned Naples, Florida architect A. Jeffrey Harrell, possesses a timeless British West Indies-style, complete with clapboard siding, metal roof, and floor-to-ceiling arched windows.

“The home is located on the best site in Boca Grande,” Wojcik says. “It has 180-feet of Charlotte Harbor beach frontage as well as protected sunset views because the land behind the home is a stateowned nature preserve.” Designed to capture the elegance of “Old Florida” and maximize outdoor living from every possible vantage point, the home’s design includes several porches and a beautiful waterside veranda. A rooftop “widow’s walk” has its own wet bar and provides the perfect spot for watching unobstructed views of the sunrise over Charlotte Harbor or the sunset over the Gulf.  Additional amenities include a two-bedroom guest house with kitchen, an outdoor kitchen and cabana bar, and an eighty-foot boat dock with two boat lifts.

Gasparilla Properties on duPont REGISTRY Homes.


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Posted by: sserrano
Posted on: 10/27/2010 at 3:38 PM
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“Leaders in Luxury” event draws top luxury real estate professionals to Austin (TX)

DALLAS, Texas. (October 26, 2010) – From California to New York, and Canada to Florida, 100 of the top real estate professionals working in the upscale residential market converged last week in Austin (TX) at The Institute for Luxury Home Marketing’s annual Leaders in Luxury (LIL) conference where they discussed strategies for better serving buyers and sellers in today’s luxury home market.

According to Scott Harkness, a Senior Sales Representative with duPont REGISTRYTM, the exclusive event was an invitation-only educational and networking opportunity for real estate agents who handle million and multi-million dollar homes and estates.  “This prestigious conference provides cutting-edge information on what’s happening in the luxury market segment, offers insights on best practices in the business, and creates valuable networking opportunities,” said Harkness.


“Leaders in Luxury registration is specific to agents in the luxury home niche,” said Laurie Moore-Moore, Founder of The Institute for Luxury Home Marketing. “This gives LIL attendees the opportunity to build an exclusive network of contacts focused on the upscale residential industry while sharing with the best in the business. Since competency is the key to working successfully with the luxury buyer and seller,” added Moore-Moore, “LIL is designed to provide attendees with important knowledge and insights, giving them a competitive edge in meeting the needs of the affluent.

Harkness considers attendance at Leaders in Luxury to be essential for success in today’s marketplace. “Attending the Leaders in Luxury event is an investment for my clients,” said Harkness. “With the current real estate market, I have to be proactive to stay on top of the market conditions. By networking with the best in the business, sharing ideas, and learning about the latest trends and outlooks, I can help my affluent clients find success where others are finding challenges.”

Harkness represents duPont REGISTRYTM, a name synonymous with a luxury lifestyle, offering comprehensive marketing programs for luxury real estate through precise placement of a world-renowned printed magazine and the unprecedented reach of our digital magazine and website.

The Leaders in Luxury conference is an annual event.  For information, visit www.LeadersinLuxury.com  or contact The Institute for Luxury Home Marketing at 214-485-3000.

About The Institute for Luxury Home Marketing (ILHM)

The Institute trains real estate professionals who work in the luxury home market internationally and awards the Certified Luxury Home Marketing Specialist designation which is the official designation for many North American real estate brands.  Find training and membership information at www.LuxuryHomeMarketing.com or phone 214-485-3000.


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Posted by: sserrano
Posted on: 10/26/2010 at 11:35 AM
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The World, Exotic Islands off the cost of Dubai

The World is an artificial archipelago of various small islands constructed in the rough shape of a map of the landmasses of the Earth, located 4 km (2.5 mi) off the coast of Dubai, United Arab Emirates.  The World, islands, are extremely exclusive and are sold by invitation only.  Islands in The World fall into one of several categories:

  • Low Density - residential islands spaced further apart for those with more money who want more privacy. Whether intentional or not, it seems appropriate that those areas are in Greenland, Northern Canada, and Siberia.
  • Medium and High Density - residential areas.
  • Resorts - the focus is hotel and resort accommodation but you might find a shop or two also.
  • Commerical - shopping, entertainment, restaurants, cafes, moonlight walks along the promenade.
  • Transportation - hubs where you can catch a boat to connect to mainland Dubai

Click here to find out more.


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Posted by: sserrano
Posted on: 10/25/2010 at 3:31 PM
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Fashion icon Karl Lagerfeld to design limited-edition luxury homes on Dubai’s fashion island

By IBTimes Staff Reporter from International Business Times.

Chanel designer Karl Lagerfeld, who is renowned for his passion for art, has finally translated his architectural dreams into reality by signing a few limited-edition homes at Isla Moda, the world's first fashion luxury island, in Dubai.

German designer Lagerfeld appears at the end of his Spring/Summer 2011 women's ready-to-wear fashion collection for French fashion house Chanel during Paris Fashion Week.  Dubai Infinity Holdings, an investment enterprise is launching this unique project in a bid to fulfill "unmet market needs".

"Dubai is a fashion bud on the verge of blossoming into the next fashion hub of the world ... Isla Moda has tremendous potential to be the style icon of the future and I intend on driving the island to high style stardom. Isla Moda has tremendous potential to be the style icon of the future and I intend on driving the island to high style stardom," said Karl in a statement.

Karl Lagerfeld is using his designing instinct and his flair for avant garde concepts as the blueprint for this construction.  Isla Moda has become the center of attraction of every crème de la crème of the fashion industry as it is likely to house a a number of luxury residential villas besides a fashion hotel.

All villas and villettes are designed in such a manner that a unique living experience is offered. There are also plans to host high-profile fashion shows and limited edition product launches at the place once the project gets completed by 2014.  Find out more about the location, The World, Dubai.


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Posted by: sserrano
Posted on: 10/25/2010 at 3:22 PM
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Huf Haus' pre-fab homes emphasize luxury-and sell for up to $10 million!

By Francesca Levy on Forbes.com

Prefabricated houses are usually associated with cheap, cookie-cutter suburban sprawl. But Huf Haus' factory-built homes emphasize luxury--and sell for up to $10 million.  The 98-year-old German firm builds the parts in Europe, ships them around the world and installs homes on-site in a matter of days (it started doing business in North America in 2009). Building ahead of time enhances efficiency, since panels are delivered with windows and doors installed, and allows for "millimeter-perfect" construction quality, says the company. Completed homes feature Bauhaus-inspired designs suited to expensive tastes, with post-and-beam construction and lots of bright, open spaces.

In late 2005 Ian Mackintosh, a 46-year-old aviation executive from Surrey, England, set out to build his dream home but dreaded wrangling with contractors. So he commissioned Huf Haus to design, ship and assemble one of its signature modernist buildings on his plot of country land.  On-site construction took seven days, and waste was kept to a minimum, since components had been measured and packaged together in the factory. Mackintosh and his family moved in after fitting out the interior with hand-picked finishes. "You don't pick [a home] out of a magazine," he says. "You've got complete freedom."

By building to the highest standard and creating sleek, rich designs, Huf Haus is redefining prefab. "I don't look at it as a prefabricated house--I look at it as a purpose-built, architecturally designed product," says Mackintosh. "It's not cheap, but you get what you pay for."  Read full article here.


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Posted by: sserrano
Posted on: 10/25/2010 at 10:15 AM
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Demand Rising for Luxury Rentals

By SARAH KERSHAW from The New York Times.

NEW YORK is a city of renters — about 75 percent, in fact. And lately, that includes more of the super-rich and the merely wealthy, as rentals of $10,000 to $100,000 per month are on the rise.  That is at least partly because sales in the New York City luxury market, the niche that has been slowest to recover from the housing crash, are unpredictable: some sellers are getting close to their asking prices; others are swallowing huge discounts. Still others are sitting on their properties and banking on a full market comeback.

At the highest end of the rental market, defined as apartments renting for $10,000 a month or more, the 200 new leases signed in the third quarter amounted to more than double the number at the same time in 2009 — a year in which both sales and rentals in the luxury market were extremely sluggish, according to Jonathan J. Miller, the president of the appraisal firm Miller Samuel and a partner at Condominium Recovery, which invests in real estate.

While the pace of sales for apartments costing $10 million or more has remained largely flat, Mr. Miller’s data shows a huge jump and a steady rise in the number of $10,000 and $15,000 rentals, particularly in the first three quarters. Landlords are also securing rents much closer to what they have been asking. Discounts are hovering around 4 percent now, compared with about 20 percent a year ago, he said.

For sellers, said Shaun Osher, the chief executive of the CORE Marketing Group, a real estate brokerage firm, the decision to rent out their properties is “a hedge on the market.”

“When it came time to quantify the value of renting for a long period and waiting for a market recovery,” Mr. Osher said, “it made sense to a lot more people who don’t need the liquidity to hold the property and keep it as a rental.”  Read full article here.


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Posted by: sserrano
Posted on: 10/22/2010 at 10:32 AM
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Retirement Real Estate: Would You Retire in a Doppelganger Town?

Housing prices in many retirement hot-spots have held up pretty well through the real-estate bust, great news for the folks living there–less great for would-be retirees whose investments got battered over the past two years.

Take Boulder, Colo. Its sunny,  dry climate, superb skiing and hiking and urban amenities have made it a draw for retirees. Boulder’s population over age 65 grew an estimated 7% from 2008 to 2009.  But median home sale prices there are currently 51% above the national median, and rose more than 10% from 2006 – 2010,  according to Zillow.com. This is partially because Boulder’s real-estate market did not see a huge bubble during the boom and because its university, a leading driver of the local  economy, kept the town more sheltered from the recession, according to Stan Humphries, chief economist for Zillow.com.

Our colleagues at SmartMoney.com offer up Carson City, Nev., on the edge of Lake Tahoe, as an alternative-Boulder. Where Boulder has the Rockies, Carson City has the Sierra Nevadas, at a small fraction of the price. Meanwhile, average home prices are more than 50% cheaper in Carson City, and there’s no state income tax. Median county property taxes are about $1,000 less than in Boulder. Of course, prices in Carson City have taken about a 35% dip in the past four  years, Zillow.com data shows. Good news for retirees who want to buy,  but bad for residents trying to sell and the local economy. SmartMoney also lists alternatives to such cities as Asheville, N.C., Sedona, Ariz., and Madison, Wisc. All offer similar charm and cultural, educational and recreational  opportunities as some of these “it” places to retire but they cost less. Housing prices and  property taxes factored big into the equation.

Of course, for retirees, where to live isn’t tied to a job. Not everybody can decide to decamp for a less pricey,  but comparable, alternative (especially if there’s a home to sell on the front  end).  But the idea is  appealing.

Would you move to your current city’s doppelganger—or the comparable alternative to your dream  locale—to get a better real estate buy?


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Posted by: sserrano
Posted on: 10/21/2010 at 9:23 AM
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Check into your favorite department store? Harrods considers rooftop, luxury hotel

By Barbara De Lollis, USA TODAY


The new owners of Harrods are considering opening a hotel on the roof of the famous department store, the London Evening Standard reports.

The Qatari owners of the prestigious store think a luxury "Harrods Hotel" would be a hit with wealthy, foreign visitors who like staying in the swanky Knightsbridge district, the story says.

If it happens and it's pulled off correctly, a Harrods Hotel could rival nearby Mandarin Oriental, the five-star hotel that provides well-heeled guests with 24-hour room service. It's also possible that we could see Harrods Hotels pop up in other cities.

The news comes on the heels of the announcement by Sir Richard Branson's Virgin Group that it plans to bring the Virgin brand into the hotel world. In the USA, the Virgin brand is best known for its airlines, Virgin Atlantic and Virgin America.

A review of the Harrods business was launched by Qatar Holdings shortly after the Qatar royal family bought it from Mohamed Fayed in May, the Evening Standard reports.

Fayed, 77, who owned Harrods for 25 years, said when he sold it that he would like his mausoleum to be on the roof, according to the story.

The plan, being worked on by consulting firm Boston Consulting Group, also includes taking the Harrods hotel brand to other cities, such as Shanghai.


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Posted by: sserrano
Posted on: 10/19/2010 at 2:33 PM
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Become a Luxury Guest Blogger for duPont REGISTRY

 Have stories or ideas to add to the conversation?

  • Is there something you do that works really well?
  • Have you had a success you’d like to share?
  • Have you figured out a useful trick or two?
  • Have you got a tool or tip we don’t know about?
  • Have you figured out the hard way a pitfall to avoid?
  • Have exciting luxury real estate news?
  • Have a luxury home with an amazing feature or unique design?  
  • Have other ideas on how we might collaborate?

Here’s what you do:

Email your submission to blog@dupontregistry.com. Please include:

  • Write about a topic that applies to luxury real-estate business, luxury real-estate marketplace, social media, and personal success in the real estate business.
  • Format it with URL links in parenthesis following the text they describe.
    Example: duPont REGISTRY
    TM ( http://www.dupontregistry.com)
  • Images send any photograph’s in JPEG format that you would like to include.
  • Include your full-name, your blog or website link, and your Facebook name with a link to your profile (if you would like to disclose). 
  • Include a copyright free photo if you can.
  • Please let us know how often you would like to provide material.

All materials are subject to approval by duPont REGISTRYTM.  duPont REGISTRYTM will be responsible for posting your material and will not post any advertising.


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Posted by: sserrano
Posted on: 10/19/2010 at 10:49 AM
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Gleam Returns to Luxury-Goods Sales

PARIS—In just a year, the luxury-goods industry has gone from bust to boom.

Strong sales of bags, clothing and perfume during the crucial holiday season could boost the luxury-goods industry to near-record sales, according to a Bain & Co. study to be published Monday, as the sector rebounds from a 2009 decline that was the industry's worst since it began consolidating in the 1990s.

In its annual study of the luxury-goods industry, Bain projects 2010 world-wide sales of as much as €170 billion ($237 billion) if sales increase 10% during the holiday period. Even its worst-case scenario—only 2% holiday growth,...


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Posted by: sserrano
Posted on: 10/18/2010 at 12:48 PM
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Billion-Dollar Luxury Home Readies for Housewarming

India’s richest man has built what is said to be the world’s first billion-dollar home. Yes, that’s billion with a “B.  ”Mukesh Ambani, his wife and three children plan a housewarming party for the 27-story Mumbai pad later this month. In addition to decadent food, attendees can glimpse three helipads, a health club, dance studio, 50-seat movie theater and underground parking lot with enough room for 160 cars, the New York Daily News reports. An American firm oversaw the interior design.  The house didn’t cost $1 billion to build, of course, but construction did cost millions of dollars. Given Mumbai’s astronomical property prices, the finished product is worth many times the construction tab. That’s where the billion-dollar figure comes in.  The home is rumored to have a wait staff of 600, bigger than the staff of many small companies.

The house might be oversized, but it isn’t sprawling: It soars more than 550 feet, more resembling a condo tower than a luxurious mansion. Children might say it looks like Lego building blocks, the Daily News points out.  Mr. Ambani could have afforded to go even bigger. According to Forbes magazine, Mr. Ambani’s $29-billion fortune makes him the fourth-richest man in the world. He runs Reliance Industries, a textile company that grew into what it says is “India’s largest private sector enterprise.  ”Not surprisingly, not everyone is a fan of the construction, which seems out of place in a country known for its poverty and slums.  One local newspaper columnist labeled the building an “edifice to his ego,” while an editor of an Indian design magazine called it “obscenely lavish.”

Ouch! But some stick up for the billionaire. “He can’t just walk into a cinema and watch a film like you or me,” the Guardian quotes an associate as saying. “So he has built a house to his requirements like anyone else would. It’s a question of convenience and requirements. It’s only a family home, just a big one. It’s just another home that someone is living in. It’s no big event.”  No big event at all.


New York Luxury Home Prices Jump as $1 Million Properties Back on Market

By Oshrat Carmie from bloomberg.com

Luxury home prices in New York’s Brooklyn borough climbed 25 percent in the third quarter from a year earlier as buyers for properties priced higher than $1 million returned to the market.  The median price of a Brooklyn luxury property climbed to $1.31 million from $1.04 million, New York-based appraiserMiller Samuel Inc. and broker Prudential Douglas Elliman Real Estate said in a report today. They define luxury as the top 10 percent of all sales. In the third quarter, properties in that category sold for $980,000 or more.

“With the high-end market, when it comes back, it tends to go all in as opposed to a trickle,”Jonathan Miller, president of Miller Samuel, said in an interview.  New York’s financial industry employed 433,200 people in August, a net gain of 500 jobs from a year earlier and the first such increase in 2010. The city’s overall unemployment rate was 9.4 percent in August, unchanged from July, the state Department of Labor said Sept. 16.

Brooklyn transactions of $1 million or more increased 60 percent, with 162 deals completed, and accounted for 8.6 percent of the borough’s third-quarter sales, Miller said. A year ago, 5.5 percent of deals were in that price range.  Sales of Brooklyn apartments, co-ops and other homes across all price points climbed 1.7 percent from a year earlier, to 1,879 transactions, according to the report by Miller Samuel and Prudential. The median price for residential properties in the borough rose 2 percent to $485,504.

Down From Peak

Prices peaked three years ago at a median $540,000 in Brooklyn, giving homeowners seeking to trade-up after the decline “a higher comfort level,” Miller said.  Properties spent an average of 109 days on the market, 34 percent less time than a year earlier. The number of homes on the market in Brooklyn surged 18 percent, with 6,630 properties listed for sale.  “That is a concern but it’s not an alarm,” Miller said. “That would be something we need to keep our eye on.”  At the current sales pace, it would take 10.6 months to deplete the supply of homes now listed for sale in Brooklyn, Miller said.  Brooklyn’s Williamsburg neighborhood led the borough in the number of homes sold in the third quarter, with 214 properties trading hands, according to a separate report released by the Real Estate Board of New York on Oct. 12. The median sales price in Williamsburg, home to such new projects as Toll Brothers Inc.’s two-tower development Northside Piers, fell 17 percent to $500,000 , the group said.

‘Stable Neighborhood’

“There has been a lot of new development and I have seen a lot more aggressive pricing on some of the products” in Williamsburg, Michael Slattery, the board’s senior vice president, said in an interview. “It was always an up-and- coming neighborhood and it’s become a stable neighborhood.”

The board is a trade group that represents property owners, brokers, builders and managers.  Cobble Hill was the most expensive Brooklyn neighborhood in the third quarter, with the median price rising 59 percent to $1.23 million, according to the board. The median rose to $733,000 in Park Slope and $700,000 in Brooklyn Heights, an increase of 15 percent in both neighborhoods.  “Brooklyn is stabilizing,” Slattery said.


Luxury Hotel, London’s Savoy to reopen after major restoration program

By Monami K Thakur.  International Business Times.

The London Savoy, renowned for its glitzy parties and glitterati guests,is reopening on Sunday after a three-year renovation program.  The famous London landmark, managed by the Fairmont Hotels & Resort group, was closed in December 2007 for a massive restoration encompassing the entire building right from the iconic entrance and the American Bar to Savoy Grill and the 268 guestrooms and suites.

This restoration is regarded as one of the most ambitious project in British history. The restoration was done by world famous designer Pierre Yves Rochon and a team of over 1000 craftsmen.

"We are very excited to reopen The Savoy. It is fair to say that this project has not been without its challenges, but we are looking forward to unveiling the results of nearly three years of hard work and dedication," said Kiaran MacDonald, General Manager of the Savoy.

The Savoy was established in the year 1889 by the Gilbert and Sullivan impresario Richard D'Oyly Carte. The hotel was originally under the maintenance of Swiss hotelier César Ritz and Maitre Chef Auguste Escoffier. Over a short period of time, the hotel garnered a reputation of being one of best in its field.  The Savoy gradually became the stopping point of the Rolls-Royces of royalty, ministers and Hollywood stars.

Chef Escoffier's eclectic cuisines were savored and relished by the likes of Sarah Bernhardt, Lily Langtry, Dame Nellie Melba and the Prince of Wales and later Edward VII.  New additions include thirty eight new River Suites and guestrooms, a stately 325 square meter royal suite featuring two bedrooms, a study, sitting room, dining room, master bathroom, dressing room and a master bedroom with a bespoke "Savoir" bed.

Other introductions include the Beaufort Bar, an exquisite art deco bar built on the hotel's original cabaret stage offering a range of champagne, cocktails and cabaret and Savoy Tea, a bijou teashop selling Savoy tea, accessories and fresh patisserie.


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Posted by: sserrano
Posted on: 10/14/2010 at 4:26 PM
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Luxury Mobile Home for an Incredible Travel Experience

 

A-cero architecture studio goes beyond the concept of home - they put wheels on comfortable and contemporary designs with this Mobile Home. All the furniture inside is built from Corian - a material that plays with the usual vibrations of the moving truck to offer comfort and a pleasurable trip. Although this mobile home was created for moving around in style, it has all the comfort needed to become your second home. Leave it to architects to imagine a better world, to take all things out of context and rearrange them into a new way of life. Simply beautiful, light interiors make this RV a luxurious way to travel. Another cool feature is the mini garage that can shelter a small means of travelling on the side. The compact mobile home extends to give more room for an incredible travel experience.

 

 

Article shared from International Business Times.


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Posted by: sserrano
Posted on: 10/14/2010 at 4:06 PM
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Stunning Luxury Estate, Isabella Guglielmi Castle, Lake Trasimeno, Italy.

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duPont REGISTRY

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The castle rises up from the Lake Trasimeno Major Island (Isola Maggiore), easly accessible by a boat in a few minutes form the Port of Tuoro sul Trasimeno, or, from the the Port of Passignano sul Trasimeno. Guglielmi dates back to the IX century and consists of the main castle which is surrounded by six towers with crenellated battlement on the roof, a drawbridge, church with internal courtyards all surrounded by 4.5 Hectares of lush land. The castle was built in 1328 as a Convent which was also ordered to be constructed by the Saint Francis Church. The Marquis Guglielmi restructured the castle and enlarged it to three times the size between 1885 and 1891. The interior of the castle is immersed with soaring halls once displaying a variety of antiquities, chinoiserie, weapons and armor. The castle because of its unique location between Umbria and Tuscany is perfect for restoring Marchese Gulgielmi's masterpiece back to a five star standard. It has been recently updated but would be ideal as a hotel or lavish private residence.

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duPont REGISTRY

duPont REGISTRY

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With, Bob Hurwitz, Hurwitz James Company

on duPont REGISTRY Homes.


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Posted by: sserrano
Posted on: 10/12/2010 at 12:16 PM
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