St. Lucia Luxury Development closes Multi-million Loan for Project Completion

Article from www.bimre.com

One of the most exclusive and luxurious property developments in St. Lucia is one step closer full development, as the property developer just closed a multi-million loan from one of the US largest direct private lenders.

The M Group Resorts is now set to complete construction of The Jalousie Enclave. The loan is to finance the construction of the Jalousie Enclave,  that will be an extension of the famous $40 million Jalousie Plantation – also built by M Group – in St. Lucia, West Indies. Financed by direct private lender Kennedy Funding, the loan will provide working capital to complete the Jalousie Enclave and to commence construction of infrastructure improvements. This major loan comes at a time when a number of properties across the world, have witnessed a significant decline in their development.

On, April 6, 2010, Kennedy Funding, Inc. announced that it closed a multi-million dollar luxury residential development loan to M Group Resorts.

This project has been described as very ambitious in the current environment when so many traditional lenders will not provide developers with desperately needed luxury residential development loans,” said Jeffrey Wolfer, President and Co-CEO of Kennedy Funding. “As a direct private lender, we are able to look at the potential of the land to close the loan quickly, helping to complete projects and create jobs.”

The property gained international attention as one of the US most popular reality shows (the Bachelor) shot on location. A press release published at the beginning April 2010, said, “ In addition to building the Jalousie Enclave, the Jalousie Plantation is undergoing a $150 million renovation and will soon be renamed the Tides at Sugar Beach – operated by the Viceroy Hotel Group. The Jalousie Plantation located on 129 acres of beach front property, and is listed as one of UNESCO’s 820 “World Heritage Sites.”

“We dreamed up the idea for the Jalousie Enclave back in 1989, so we are very excited to get the capital we needed to get this project underway,” said Pascal Mahvi, President of M Group Resorts S.A. “Thanks to the loan that Kennedy Funding provided, we are able to make this dream a reality and also help support the St. Lucia community by creating nearly 300 jobs and generating more revenue for the local businesses,” he said. “The Jalousie Enclave will be the only gated luxury residential community in a World Heritage Site.”

It is incredibly difficult to secure loans for commercial projects, particularly for luxury residential developments in the Caribbean,” said Ed Wegel, CEO of Liberator Capitol. “We are very pleased that Kennedy Funding was able to come through for us at a time when commercial lending is so tight everywhere so that this project could get funded.”

Kennedy Funding is a commercial real estate lender that specializes in unconventional financing where speed and attention to special circumstances are critical. Its unique lending program has made Kennedy Funding one of the largest direct private lenders in the country. Since 1987, Kennedy Funding has invested more than $1.8 billion to help build hundreds of projects and put thousands of Americans to work in communities across the nation. Among the hundreds of successful deals Kennedy Funding has closed are land developments and construction projects, casinos, commercial and industrial projects, retail centers, residential communities, golf courses, beachfront resorts and ski areas.


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Posted by: sserrano
Posted on: 11/30/2010 at 10:20 AM
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Luxury Home Trend Boosts Luxury Wallpaper Firm Walker Greenbank

By Tanya Jefferies and Press Association on thisismoney.co.uk

Buoyant sales at the luxury end of the home interiors market have led to record autumn sales and profits for luxury wallpaper firm Walker Greenbank.

Walker's shares leapt 9%, up 3.75p to 44p, after Walker said full-year results were expected to be 'materially ahead' of market forecasts. Analysts on average predict a pretax profit of £4.1m on turnover of £67.5m for the year to January 31.

The company, which sells its brands in John Lewis and has showrooms in Chelsea Harbour in London and at the D&D Building in New York, said this year's Sanderson's Vintage wallpaper collection was particularly successful.  Meanwhile, Walker's wallpaper and fabric printing factories are benefiting from its own strong order books, as well as those of outside clients.

Chief executive John Sach claimed homeowners are investing more in decoration as they opt to stay in and entertain guests rather than dine out at restaurants.  Mr Sach said Walker Greenbank continued to invest in the design of products throughout the recession and this has paid off. 'We have a lot of products to offer and we're servicing our customer needs well,' he commented.  He added that the company is looking to expand overseas, including in China, where he will travel in the coming weeks. Looking ahead, Mr Sach said the company would be nearly debt-free by the end of the year and he expects profitability and investment to be sustained.

The company recently posted pre-tax profits of £2.3m in the six months to July 31, up from £570,000 the previous year. It saw a 15.6% rise in revenues to £33.7m in the same period.  Freddie George, analyst at stockbroker Seymour Pierce, said: 'The autumn selling period appears to have been highly successful helped by positive fashion trend for the company's fabrics and wallpapers.'

Walker's origins can be traced back to 1899, to C&W Walker Holdings, an engineering company which manufactured gas containers. It moved into the furnishings market in 1987.

Find out more about Walker Greenbank Wallpapers.


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Posted by: sserrano
Posted on: 11/29/2010 at 11:22 AM
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What To Expect In Newport Beach Luxury Homes Today

Article from newportoc.com

Newport Beach is first on most buyers’ lists when it comes to luxury coastal property. But with the real estate market still on a decline, buyers have become more wary of putting their money in luxury homes. Is it still a good time to buy Newport Beach luxury real estate? NewportOC.com, a leading online resource for upscale Newport Beach property, offers a review of today’s market and some tips for prospective buyers.

Luxury homes still make up a large majority of Newport Beach homes for sale, and are in fact among the most expensive in the U.S. The city was named the country’s priciest real estate market in a 2010 Colwell Banker survey, surpassing such areas as Beverly Hills and Laguna Beach. Even after a 4.8% decline over the month, the median price for Newport Beach luxury real estate is close to $2 million as of November 2010.

Buyers seeking luxury homes also have more choice in Newport Beach, in terms of both property type and price range. NewportOC.com lists oceanfront condos, town homes, and single-family homes and estates with private boat docks, and everything in between. This can explain why Newport Beach luxury real estate remains strong in a weak economy: it has something to offer for every buyer, while still maintaining its upscale identity.


Increasing foreclosures and short sales have also introduced buyers to the concept of “budget” luxury homes. These homes offer all the perks of Newport Beach real estate, from a key coastal location to exclusive community features, but at up to 40% below the market rates. Foreclosures are homes seized from owners unable to pay their mortgage, and short sales are being sold at a discount by distressed owners to avoid foreclosure.

Distressed homes account for as much as 15% of the current inventory of luxury homes in Newport Beach, a common trend in high-end markets. This has attracted many new buyers who otherwise would not consider Newport Beach luxury real estate as a first home, as well as investors who want to snap up properties while they are cheap. Across the country, short sales account for as much as 12% of all sales closed in the past month.

NewportOC.com recommends buying Newport Beach Luxury Real Estate in the next few months, as prices are expected to stay low throughout the fall and winter. Mortgage rates are also expected to remain historically low, making it ideal for buyers looking for long-term investments. NewportOC’s agents can offer practical advice on finding luxury homes in Newport Beach, as well as realtor services for buyers and sellers.

Most people consider real estate among their biggest investments, if not the biggest. Whether you're buying or selling a home, it takes careful planning and expertise to get the most out of the deal. That's why it's important to work with the right professionals. That's where NewportOC.com comes in. From your Newport Beach home search all the way to moving day, our agents will guide you through the process and help you make all the right decisions.

Find Newport Beach Luxury Homes on duPont REGISTRY Homes.


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Posted by: sserrano
Posted on: 11/29/2010 at 9:31 AM
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Luxury International Property: Co Kildare, Ireland.


Bert House Manor and Hotel Athy, Co Kildare, Ireland

This spectacular recently restored and exceptionally well-appointed Georgian house located in Athy, Co Kildare, Ireland, is set on 7 gorgeous acres with West facing formal gardens with wide lawns, flowering borders, a fountain and stone steps leading from the house down towards the River Barrow. Bert House is presently trading as a Country House Hotel and could be acquired either as a going concern or a private home. The house is approached via a long tree lined avenue and offers gracious reception rooms, fine plasterwork and 17 bedrooms all with en suite bathrooms. The house was extensively and sensitively restored retaining many of its original period features. A leisure/ fitness facility with reception area, coffee shop, spa, sauna, steam room, ladies and gents changing rooms, three treatment rooms, a solarium and gymnasium are all located in the basement area of the home. The property stands in a scenic location on the banks of the river and is located within easy reach of Dublin City. Find out more about this property.

Click here to view luxury homes in Ireland on duPont REGISTRY Homes.


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Posted by: sserrano
Posted on: 11/23/2010 at 2:28 PM
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LuxuryLongIsland.com has officially launched!

This past week has been one full of hard work and CELEBRATION!  On November 11th it was my privilege to host the Russian Guild of Realtors.  Very Special guests from Russia including President and Vice-President of RGR were able to enjoy the hospitality of our country, see some amazing properties for sale on the beautiful Gold Coast and appreciate wonderful local food and culture.  This group is by far the largest most influential International network to have ever visited North Shore Long Island.

In addition to the VIP from Russian Guild of Realtors, I also hosted my third Client Appreciation Event.  This is a great opportunity to say thank you to all past and current clients for their continued support of my business.  It was truly an evening to be thankful and grateful and I greatly appreciated seeing so many people there.  The enthusiasm was contagious and certainly added to the electricity of the evening.

The Client Appreciation Event also marked the official launch of www.LuxuryLongIsland.com.  This site has been a labor of love and the result is one I am proud to put my name on.  With its state of the art searching capabilities and unparalled local content, it is the most relevant real estate website on Long Island.  For pictures from the event click here.


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Posted by: dlipira
Posted on: 11/23/2010 at 9:38 AM
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Buyer's Guide to Homes in Italy

By Tara Loader Wilkinson on wsj.com.

The carefree attitude embodied by the Italians is one of the main attractions for those looking to buy a second home in the country. Unfortunately, the country's property laws aren't quite as carefree as its residents.

"The property laws in Italy are among the most bureaucratic in the world," says Paul Belcher at Ultissimo, a London-based Italian property finder. "There are about 15,000 property laws in the U.K., and about 150,000 in Italy."

Whether you are dreaming of buying a stylish bachelor pad in Milan or a rustic castelo in Tuscany, the process can be rendered significantly easier with a bit of expert know-how. Here, The Wall Street Journal Europe illuminates some of the hidden hazards of an Italian property quest. Buona fortuna!

Finding the Property

Italy isn't a cheap country to buy in. "The overall cost of purchasing property in Italy can be as high as 12% of the purchase price," says Rupert Fawcett, head of the Italian desk at Knight Frank.

Prices vary according to which comune, or village, you buy in. Italy has around 8,000 comunes, and property laws in the smaller ones can be more bureaucratic. For example, if you want to build a swimming pool in your back garden, certain comunes will charge a €600 fee ($800); others will veto it altogether.

"If you are considering doing a lot of work to your place, start by researching which planning permissions the local comune usually accepts," advises Mr. Fawcett. He adds that permission for renovation can take up to a year, so the earliest involvement of a geometra, or surveyor, is advisable. Although you can buy straight through the estate agent (agente immobiliare) and you don't need a lawyer (avvocato), Mr. Fawcett says a bilingual lawyer will help with peace of mind.

As far as restorations are concerned, Italian banks will rarely lend money on a property that is deemed uninhabitable, Mr. Fawcett adds. So if you have your heart set on renovating a wreck, you might be disappointed.

Then again, rules are flexible. Many apply for planning permission retrospectively and, if need be, pay a fine, according to Mr. Belcher.

Read full story.

Find homes in Italy on duPont REGISTRY Homes.


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Posted by: sserrano
Posted on: 11/22/2010 at 3:07 PM
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Louis Vuitton Launches Luxury City Guides

By Inside Retailing Online on November 19, 2010

The Louis Vuitton City Guides collection has already passed through nearly 100 cities across the world and calls on the talents of more than100 independent journalists and writers, who provide an attentive, informed commentary on the changes shaking the heart of cities, offering objective views on fashion, design, the arts and gastronomy.

These brand new City Guides, released on October 15, touch down in totally unprecedented cities. Berlin, Kyoto and Nara are also being offered for the first time in an individual volume alongside London, Los Angeles, Paris, Rome, New York and Tokyo. Meanwhile, the indispensable European City box set is adding seven new destinations to its map: Beirut, Courchevel, Gstaad, Oxford, Palma, Poto Cervo and Thessaloniki. Equipped with easy-to-use maps, the guide unlocks each city's best treasures for both seasoned travelers and curious insiders.

The Louis Vuitton City Guide Berlin is available in French, English, and German, and explores this multifaceted German capital through more than 500 discerning addresses. Guesthouses steeped in nostalgia, little-known vegetarian restaurants, restored brasseries, quirky designers, cutting-edge fashion, hip night spots, revamped museums, and art galleries in constant flux paint the portrait of a fascinating city.The entirely updated Louis Vuitton City Guide Paris reveals the French capital down to the finest detail. 600 address, each one selected with a fresh and discerning eye, impart restaurants with virtuoso young chefs alongside neighborhood cafes; luxury hotels and charming guesthouses; fashion maestros and design trailblazers; distinguished galleries and secret museums.

The sixth edition of the Louis Vuitton City Guide New York explores every facet of this effervescent metropolis. The selection of some 600 addresses has been thoroughly updated to include grand hotels, stylish bars, world-class restaurants, glamourous nightclubs, fashion and design stores, innovative art galleries and more. In other words, it's a new edition that dives straight into New York's vibrantly beating heart, highlighting the city's extraordinary vitality.

 


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Posted by: sserrano
Posted on: 11/19/2010 at 2:35 PM
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Ralph Lauren 350-Million Dollar Building bought in Tokyo - One of the Largest Real-Estate Transactions this Year!

TOKYO—In a sign that Japan's moribund real-estate market is coming back to life, a Japanese-led consortium is set to snap up the iconic Ralph Lauren building in central Tokyo for $350 million, in one of the largest real-estate transactions this year, according to people familiar with the matter.

Secured Capital Japan, a real-estate investment fund, is set buy the property, along with other investors. Deka Bank, Germany's largest manager of property funds, is the main lender and helped bidders refinance the loans. The sale is set to close as early as next week, according to the people.

Japanese real-estate transactions have been heating up this year. With prices still near 36-year lows, Tokyo led all cities world-wide during the first half of 2010 with real-estate transaction volume exceeding $10 billion, according to Real Capital Analytics, maintaining a big lead over London and Hong Kong, the Nos. 2 and 3 cities, respectively. Real-estate investment trusts and foreign investors have been active participants in the market, confident that prices have finally bottomed out.

Ralph Lauren Building in Tokyo, Japan

Read more at wsj.com.


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Posted by: sserrano
Posted on: 11/18/2010 at 11:20 AM
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Denver Area Luxury Home Sales up 20.5% in October!

Compiled by the DBJ’s Paula Moore from bizjournals.com

Sales of $1 million-plus homes in the Denver metro area rose 20.5 percent in October, compared to the same month last year, according to Metrolist Inc. data released Tuesday by broker Gary Bauer.  Luxury-home sales increased to 47 for the month, including both houses and condominiums, from 39 in October 2009. Total sales prices also went up — to $68.5 million in October of this year, from $53.6 million for the same month of 2009.  Sales are for existing homes, also called resale homes, which have sold at least once before. Data includes the seven-county metro Denver area, as well as Gilpin and Park counties to the west.

Resales of homes at all price levels, for October, dropped 28.2 percent to 2,842 from 3,958 for the same month of 2009. But average selling price increased to $287,0489 last month, from $261,771 for October of last year.  Year-to-date sales of $1 million-plus homes, including houses and condos, through October were up as well — 15 percent to 446 from 338. Total sales prices rose to $690.9 million from $602.3 million.  While sales of high-end houses increased, to 422 from 358, sales of upscale condos dropped to 24 in this year’s first 10 months from 30 year over year. Metrolist of Greenwood Village is metro Denver’s Multiple Listing Service, providing information on for-sale homes. Bauer, an independent Littleton residential real estate broker and Metrolist analyst, released the luxury home data.

October $1 million-plus home sales broke down as follows:

• 44 houses sold last month, for a total of $63.56 million, compared to 35 homes sold in October 2009 for a total of $47.66 million.

• 3 condos sold last month, for a total of $4.98 million, compared to four condos during the same month last year for a total of $5.96 million.

• Arapahoe County had the most high-end house sales last month, at 17, followed by Denver County (nine), Boulder and Douglas counties (six each), Broomfield and Jefferson counties (two each) and Gilpin and Park counties (one each).

• Boulder County had the most condo sales last month, at two, followed by Denver County with one.

• 422 houses sold year to date for a total of $656.5 million, compared to 358 houses selling for $556.7 million total in 2009’s first 10 months.

• 24 condos sold through October of this year for a total of $34.4 million, compared to 30 condos year over year for a total of $45.59 million.

View duPont REGISTRY Homes in Denver, Colorado.


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Posted by: sserrano
Posted on: 11/17/2010 at 11:46 AM
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Luxury Italian Furniture house Nella Vetrina Introduces Visionnaire by Ipe Cavalli.

The all new Visionnaire collection by Ipe Cavalli is a lifestyle concept blending classic Baroque sculptural curves, intricate details and refined finishes together with minimalism to create a new interpretation of luxury Italian furniture. The offering of high end Italian furniture, Italian lighting and upholstery features materials of marble, wood, smoked glass and stainless steel. The color palate ranges from sparkling white to dark hues of blacks and blues. Their Custom Italian upholstery designs are finished in the finest Italian fabrics and leathers, with frames of brass, chrome, and aluminum.

Nella Vetrina showcases the best in the classic and modern Italian furniture and Italian lighting design. Our luxury collections are created by world-renowned Italian designers, local craftsmen and virtuoso glass makers.

As a fashion house for all living spaces, we feature exclusive designer Italian furniture, hand-made Venetian and Murano chandeliers, luxurious Italian bathroom vanities and handmadeMosaic tiles that breathe uniqueness, beauty, intrigue and soul.



A standout of The Visionnaire collection is its signature design of diamond cut aluminum legs on many of its pieces including case goods, Italian dining tables and coffee tables. This design combined with a dark lacquer finish or a marble top makes for the perfect statement piece. Elegant Italian upholstered high back chairs and lounging benches are detailed with sensuous fabrics, chrome legs and nickel studs. A selection of beautiful Italian mirrors, some with upholstered or marble frames, lighting and chic beds round out the collection.

Find out more about The Visionnaire collection.


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Posted by: sserrano
Posted on: 11/16/2010 at 11:16 AM
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Exclusive First Look At Tiger Woods’ Jupiter Island Home Golf Course

Written by Cary Lichtenstein with Admirals Cove.

Now that the Tiger Woods house is completed on Jupiter Island, we have a first glimpse of the backyard and practice complex.

It appears he has one tee box in the southeast east corner to hit drivers. The entire area just west of the lap pool can be used to hit long, medium and short irons into any of the 4 greens. Each green is guarded by a single trap, except the green in the northwest corner which appears to have 3 pot bunkers.

Tiger has enough open space to practice his short game from any angle, any wind condition, which really appears what this practice area is all about.

His putting green is totally surrounded by dense vegetation. One wonders if he is trying to block out the wind by doing this or if he is cutting off both sunlight and air circulation. He probably has a sub-air temperature/humidity control system beneath the green, otherwise it would be worthless in the heat of the summer, especially if the grass there is bent or some northern grass.

I’m curious as to what type of grass he planted, both on the putting green and throughout his practice area. The denser Florida or tropical grasses react quite differently with the club head and ball, and Tiger  may find he is switching grasses a number of times until he finds the right mix.

I would have thought he’d have 2 putting greens, each with different grasses.

Another curious thing I found is the placement of this particular Jupiter Island home so far back from the intracoastal. Usually, homeowners want to be very close to the water, but I believe Tiger wanted his practice area close to the water, so he reversed the norm, creating another unique signature estate among the Juptier Island homes.

See more Jupiter Homes on duPont REGISTRY Homes.


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Posted by: sserrano
Posted on: 11/16/2010 at 9:15 AM
Categories: duPont REGISTRY Celebrity Properties | Luxury Guest Writers
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Zero-maintenance Luxury Apartments, VIP treatment at home...

"Being at home feels like living in a James Bond movie," says Tony Parker, an NBA San Antonio Spurs basketball star. Last month, he bought one of the new apartments in the Du Parc Kempinski Private Residences development, at the top of Mont-Pèlerin overlooking Lake Geneva. "With one touch you can manage everything: music, temperature, security and concierge services. You can even fill the bath remotely using your mobile phone. The 24-hour concierge takes care of cleaning, laundry, even restocking the wine cellar," he says. Mr. Parker's apartment is the brainchild of Swiss Development Group SA, a developer which two years ago partnered with luxury hotel chain Kempinski to create a concept called "haute-couture living." Nicolas Garnier, chief executive of Swiss Development Group, says, "Our properties are like haute couture, exclusive and high quality, with high attention to detail and finish. We're taking a fresh look at the scope and depth of luxury living, going beyond simply creating a property to creating an environment where owners can enjoy their highly individual lifestyles." Designer BBG-BBGM—of the W Hotels brand—designed the interiors, while the private spa is by Givenchy. The wine cellars and tasting room are managed by Quintessentially Wine. This sort of effortless luxury comes at a premium. Although Mr. Parker declined to say how much his apartment cost, prices at Du Parc range between 4.7 million Swiss francs (€3.5 million) for a two-bedroom apartment to 24 million francs for a penthouse. It is Switzerland's most expensive property per square meter, according to agents, and it joins the growing ranks of ultra high-spec zero-maintenance properties, luring Europe's super-rich and super-busy. NBA star Tony Parker with Nicolas Garnier, CEO of Swiss Development Group SA, minutes after signing the contract for purchase of an apartment at the Du Parc Kempinski Private Residences.  "The international super-wealthy are cash rich and time poor. They are snapping up this sort of development," says Charles Weston-Baker, head of estate agent Savills International. "They may only spend a few weeks of the year there, and don't want to spend their weekends sorting out cleaners or babysitters, or locating the nearest beauty salon," he added.

At the Lancasters development of 77 brand new apartments in a Grade II-listed former hotel to the north of London's Hyde Park, residents have access to a spa and beauty center, swimming pool and gym. A 24-hour concierge caters to their every whim. Entry is via a grand carriage entrance, with valet parking serving the underground car park. Although it will not be habitable until 2011, more than half of the apartments in the 1850s stucco-fronted building have been sold. Prices exceed £30,000 per square meter—triple the street average, according to agents—with apartments for £20 million at the top end. American businessman Joseph Shields has just bought a two-bedroom apartment in the Lancasters. He said the ultra-high spec combined with the security of the in-house concierge sealed the deal. "The Lancasters gives us all of the luxury facilities and amenities we need to maximize the productivity and comfort of our London visits. And you don't need to worry about security if you are away for several months," he says, adding that buying a property in London has been the lynchpin to his property portfolio, which includes luxury properties in Asia, Europe and the U.S.

Read full article on wsj.com.


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Posted by: sserrano
Posted on: 11/12/2010 at 9:15 AM
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LONG LAKE LUXURY IN LAKE GEORGE, NEW YORK. Historic Property Nods to the Past, Embraces the Future.

By Elyse Umlauf

Nearly every luxury property exudes a specialfeeling that’s often difficult to communicate inwords. Not so for an Adirondack camp,Kwenogamac, which is set on Long Lake inLake George, New York.Harold Reiser’s description goes like this: “It’s like driving into a storybook.” How about that for enticing?That storybook feel comes from the property’sremoteness, for one. The 13-building compound,built in 1903 for Arpad G. C. Gerster, a European immigrant and doctor, is set on 43 acres. The site, accessible by a private, gatedroad, is surrounded by woods, mountains and water, all of which combine to deliver a rare, calming silence. The property is listed John Burke, of Select Sotheby’s InternationalRealty. It has three New York offices in Saratoga Springs, LakePlacid, and Lake George in New York. Reiser is associate brokerand founding member of the firm.

It’s a property that offers a nod to the past , but where history andmodernity co-exist. In fact, unique spaces from the original design remain. Those include a room whose surfaces are entirely coveredin tin. The tin kept linens safe from mice. Another space was usedto refill oil lamps.Among the camp’s main buildings are the original historic lodge,meant for summer use, that includes a library and seven bedroomsthat are spread across three floors. Gerster, something of aRenaissance man, kept diaries, books and papers, some of whichare still in place at the property.A new guest lodge for year-round use features a great room with a full kitchen, a three-car garage and a complete woodworking andmaintenance shop.And a year-round boathouse includes a second-floor great room, asun deck and Crestron and Lutron systems. It’s marked by log beamsand a dramatic vaulted ceiling. Its interior fireplace is so grand that you can walk around it. A second fireplace is located outside on acovered patio.

The building was designed to fit with the environmentand incorporates wood from the property, along with red and yellow birch and reclaimed heart pine floors. “The combination of woods and the architecture is a piece of art,” comments Reiser.Moreover, the compound is self sufficient and relies on greenpower. Solar panels and battery storage produce electricity, for instance, and a wood furnace is capable of generating heat and hot water for two major buildings.Gardens, one of which is totally white, are abundant across the property. And rather than using harsh measures to keep deer atbay, a motion sensor sets off squirts of water that discourage them from chomping plants.And an array of outdoor amenities make the property an ideal getaway for recreation. There’s the 1,233 feet of water frontage with a sandy beach, as well as a playing field, trails for hiking, skiing and snowshoeing,and water sports that include boating, swimming and fishing.Reiser and Burke see the property as ideal for a high-profile person craving privacy or for a family compound. It’s also a strongcontender for a corporate entity seeking space for training andmeetings, especially since there’s a built-in environment for team-building exercises.

With John A Burke, Select Sotheby's International Realty with duPont REGISTRY Homes.


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Posted by: sserrano
Posted on: 11/11/2010 at 10:45 AM
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St Simons Island, Georgia

By Elyse Umlauf

In the forty-two years that Susan Hardwick has lived on St. Simons Island in Georgia, she's seen the island evolve from a retirement retreat to a vibrant, year-round community. Having grown up in Chicago, she's known both city and island living and opted for the gentility and calm of the southern island. This year, Hardwick, associate broker of Sea Palms Realty, celebrates her twenty-sixth year as a real estate practitioner. When the island was lauded by Money magazine in 2006, it didn't surprise her. After all, she says, "It has a great climate, sandy beaches, lush marshes , and the gorgeous live oaks are something to see." Though outsiders think of it as a vacation getaway, what they don't realize is that St. Simons offers a strong job base.

Hardwick points to an active port and a seafood industry as just two employment sources. Moreover, the island represents a relatively affordable alternative to pricier nearby venues. For instance, an appealing alternative to the full-tilt luxury property is the patio home option. The properties are smaller luxury homes situated in gated communities, and prices range from the mid- $300,000 to the mid-$400,000. The properties offer buyers all the pleasures of the island, such as golf, boating and beaching, along with tennis and swimming and fitness centers in gated environments. The upside for buyers is that the communities are secure and managed, so there's no maintenance. The concept is particularly appealing to the second homeowners. "These properties are such a great way to enjoy the community and the island without having to worry about the house, " comment Hardwick. There are, of course, an array of high-end homes. One such property, listed by Hardwick, features three bedrooms and three bathrooms and overlooks a marsh. The house, built in 2001, includes 2,081 square feet and an oversized garage that can house three cars. The asking price of $795,000 includes the membership entry fee into the Sea Palms Golf & Tennis Resort. The resort's primary draw is its twenty-seven golf holes on three newly renovated courses. Moreover, the views on the course, including lagoons and marshes and live oaks, are a bonus. The Sea Palms Golf & Tennis Resort isn't the only game in town for golf aficionados, however. The island offers more than two hundred golf holes scattered among private and public courses. Given the area's wealth of golf resources, it's no surprise to locals that St. Simons was chosen as the site for the McGladrey Classic, a PGA Tour event scheduled for October 7-10, 2010. As golf columnist Stan Awtrey put it in a story earlier this year, "...there's no question that the PGA TOUR has made a smart decision to bring an event to Sea Island. The rest of the world will learn in October what the rest of us have known for years. There's no better place in the world.

Find out more about St Simons Island, Georgia.


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Posted by: sserrano
Posted on: 11/9/2010 at 11:43 AM
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Categories: duPont REGISTRY Featured Properties | Luxury Real Estate | Luxury Vacation Rentals
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Posted by: sserrano
Posted on: 11/5/2010 at 4:34 PM
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