What's New 5/23/24

Happy Memorial Weekend!

Spring has sprung, and the real estate market is buzzing with possibilities. Just like those April showers bring May flowers, we're here to shower you with real estate info, tips, tricks, and stories ready for the taking. Whether you're searching for a cozy retreat to call your own or a luxurious estate to spread out in, our dedicated team is here to support you every step of the way.

Don't miss out on the chance to kick back and watch your dreams grow - let's find you that perfect place to call home.

* DOW 40,000?  Yup, a new record was broken last week at the close of markets....record corporate profits, growth and slowing inflation have driven markets up, combined with renewed optimism about the US economy and the potential for rate cuts...

* This is a great little paragraph from the Miami Herald showing how the local government would be better off buying a property rather than leasing it that every prospective home buyer should read: "Over a 30-year term, with leasing starting at $24 per square foot, escalating annually by 3% and rising to at least $56 per square foot, the 9250 West Flagler Street property would cost DSWM about $69.8 million, excluding operating expenses and insurance. In contrast, the acquisition costs and additional major expenses of purchasing the property would be stable at $35.67 per square foot or about $56.5 million over 30 years. This represents about $13.3 million in savings compared to leasing. Furthermore, ownership includes accrual of equity as the debt is paid off and the asset appreciates; centralization of services for residents; possible development of housing on the property and scaling services in response to future population growth.

* Investors bought $31.7 billion worth of homes in the first quarter, accounting for 18.7% of U.S. homes sold - the highest share in nearly two years. In Miami (30.6%), Cleveland (24.6%) and Jacksonville (24.5%), the share of investor purchases was even higher. The market for more affordable entry level homes is not merely budget driven: empty nesters, first time buyers and investors are all competing for the same thing.   ﻿

* Americans are showing signs of strain under a higher cost of living and a cooling job market. After a wild spending spree that propped up the economy for most of the last two years, retail sales were unexpectedly soft in April, coming in basically flat compared to the 0.4% growth economists expected for the month. Meanwhile, March retail sales were revised downward, with spending rising 0.6% instead of the initially reported 0.7%. (Business Insider)

Don't hesitate to reach out if you are ready to plan your next move.
Who you work with matters!
Julie

Featured Properties

3470 Poinciana Avenue
Coconut Grove, FL 33133
5 Bed | 6.5 Bath | 4,676 Sq Ft | $8,750,000 | Compass Listing

Stunning tropical modern home in the coveted guard-gated community of Four-Way Lodge Estates. Walk to the Grove village’s boutiques, cafes and bayfront parks. Experience indoor/outdoor living with light-filled living spaces, volume ceilings and walls of glass overlooking the spectacular oak canopied and lushly landscaped garden. Euro-style kitchen features top-of-the-line appliances and expansive island w/ seating. Ultra-private primary suite offers sitting area, 2 walk-in closets w/custom cabinetry, balcony overlooking the tree-tops and spa-like bath w/ soaking tub & glass enclosed shower. An open office/den on the 2nd level adds a quiet haven. High sea-level elevation. Community boat basin w/ocean access. Enjoy resort-style outdoor spaces featuring a deep covered terrace & tranquil pool.

164 Elena Avenue
Atherton, CA 94027
5 Bed | 4+ Bath | 12,440 Sq Ft |  $33,375,000 | Compass Listing

This hidden jewel situated on 1.55 acres barely discernible from the street & positioned across from the esteemed Menlo Circus Club, is one of Atherton's most exceptional estates. The home has undergone a transformation by its current owners. While the outside symmetry and classic allure endure, it has evolved into a place of chic sophistication, showcasing a soft neutral palette complemented by American cherry and light oak floors. Every room is light and bright with exquisite subtle appointments, recessed lighting, extensive custom built-ins, and even moldings designed to hang fine art in lieu of attaching to the wall. A hallmark of this residence is a commitment to media needs with both visible and concealed screens. Another defining signature of this property is its capability to host significant personal, professional, and philanthropic events. Within the main home, two kitchens facilitate seamless catering and/or a personal chef. One bay of the four-car garage has been converted into a versatile office and/or caterer's space, complete with an array of appliances and ample space for event management or a property manager's daily operations. 

63 W Shore Road
Belvedere, CA 94920
5 Bed | 4.5 Baths | 3,765 Sq Ft | $17,700,000 | Compass Listing

This extraordinary waterfront renovation stands as the pinnacle of luxury living, featuring an unparalleled design and designer finishes that seamlessly converge to redefine the essence of modern living. Positioned on Belvedere's most exclusive street, West Shore Road, the western shore of the Tiburon Peninsula, providing world-class views of the Golden Gate Bridge, San Francisco, Sausalito, the bay, and Mount Tamalpais. Unrivaled amenities and effortlessly connected indoor/outdoor living spaces exude a refined coastal ambiance. This impressive residence is an entertainer's dream, featuring 2 main-level entertainment decks, 2 docks with a boat lift, a saltwater pool and spa, a gourmet outdoor kitchen, an expansive turf lawn, two outdoor TVs with speakers, a fire pit, an indoor/outdoor bar with counter seating, and an upper-level deck with fire pit. The main level living spaces include a state-of-the-art chef's kitchen, a stylish living room, a dining room with French doors opening to the outdoors, a spacious recreation room, and a family room with floor-to-ceiling accordion doors opening up to the outdoors and enhancing the water connection. Only 2 blocks to the Old Rail Trail waterfront pathway and minutes to downtown Tiburon's Main Street and SF ferry service.

Compass is a real estate broker licensed by the State of California operating under multiple entities. License Numbers 01991628, 1527235, 1527365, 1356742, 1443761, 1997075, 1935359, 1961027, 1842987, 1869607, 1866771, 1527205, 1079009, 1272467. All material is intended for informational purposes only and is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description or measurements (including square footage). This is not intended to solicit property already listed. No financial or legal advice provided. Equal Housing Opportunity. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions.