The recent luxury real estate boom has begun to come to a halt. Foreign investors are faced with tighter regulations on purchases and many spec homes and gleaming skyscrapers lie empty. Real estate developers have turned to a different approach: luring clients with tempting amenities and extras that complement their properties.
An example is the penthouse in the Atelier condominium building in New York’s Midtown Manhattan. Occupying the entire 45th floor, the 10 bedroom, 13 bathroom condo boasts two Rolls Royce Phantoms and a $1 million dollar yacht, all of which are included in the $85 million price tag. The listing agent Daniel Neiditch of River to River Realty states he will sign over ownership of the items upon the sale of the condo.
Town Residential specializes in just such luxury lodgings. Its team of professionals has the tools and knowledge to fit the perfect property to its elite list of clientele. Touted as a Best Firm to Work and one of the Top 50 places to work in New York City has brought Town to the forefront in the luxury residential property industry.
Town’s representatives are leaders in their field, when people are looking for NYC apartments for sale. From Manhattan, to the lower east side and Central Park area, Town personnel have what it takes in terms of market knowledge and expertise to find a perfect client/property fit.
Douglas Elliman’s palatial spec property developed by Oren Alexander and father Shlomy Alexander is for sale at $36 million but its price tag could potentially rise to $43, depending on what extras are selected. A 1948 Jaguar XK120 is one such prized possession available with the home, located in Bal Harbour, a suburb of Miami the property was designed by Chad Oppenheim who won renown from his work on director Michael Bay’s Los Angeles homestead. Future owners may opt to buy a 55-foot VanDutch yacht to sweeten the deal. The goal of architect Oppenheim is the reaching the ultimate lifestyle.
A five-star restaurant is a rare treat but residents of 432 Park Avenue in New York will have access to one occupying an entire floor. Renowned chef Shaun Hergatt earned his stripes at the Michelin-starred Juni restaurant. His cuisine is reserved exclusively for residents of the opulent 96-story skyscraper. A similar scenario is in the works in Miami at One Park Grove and Paraiso Bay.
Minecraft creator Markus Persson purchased a $70 million home in Beverly Hills with the usual 23,000 square feet eight-bedrooms and 15 bathrooms, and infinity pool, a $500,000 furniture suite awaited Mr. Persson. Designed by Bentley, the suite includes leather sofas, chairs and pillows all monogrammed with “B” for Bentley. Lavish furniture also graces the Bal Harbour home and a $48 million home containing $2.5 million teak wood furnishings. The icing on the cake is the candy wall at Mr. Persson’s mansion that allegedly costs $200,000 to fully stock.