Portland, OR - $8,650,000
9912 NW Wind Ridge Dr
Remarkable 5 years of design & construction delivers PDX's finest home & most dramatic architecture ever to be offered for sale. Award-winning blend of steel & concrete, stunning walls of glass & extensive use of split-travertine exteriors rising 3 stories above the ground. Custom interiors offer precious stone, warm woods, flawless steel work, artistic tile installation & latest technology. Set on 10 acres with equally stunning views.
Listing Agent: Chris Suarez - PDX Property Group
Seattle, WA - $15,000,000
1526 Lakeside Ave S
Privacy and elegance along the shores of Lake Washington! With a sophisticated and timeless relationship to the water, front row views of Mt Rainier and the Cascades and 240 front feet of the lake, this nearly one level home features 4 en-suite bedrooms, a beautifully appointed kitchen and an open floor plan that embraces the indoor/outdoor living, lively water views, and the light. Immaculate grounds and mature landscaping of lush lawns, brick patios and stone pathways convey extraordinary lakeside living.
Listing Agent: Patrick Chinn - Windermere Real Estate
San Francisco, CA - $25,000,000
2626 Larkin St
From the minute you enter 2626 Larkin the inventive and artful work of Architect Sandy Walker and Interior Designer Helga Horner becomes apparent. This is the unique work of art that you have waited for. Timeless and moving, it awaits discovery and to be called home. Contemporary design with timeless European detail. MAJOR FEATURES: Four bedrooms plus an independent au pair/in-law apartment; Five full bathrooms plus three half-bathrooms; Elevator to all levels; Integrated sound system; Venini chandelier designed by Diego Chilo; Lime plaster walls; European white oak floors; Window and doors by Cooritalia; Wine Room; Outdoor patio off kitchen/family room; Terrace off the top floor entertainment room and roof deck.
Listing Agents: Stephen Gomez - GPK Luxury Real Estate, Val Steele - Pacific Union International Inc
Source: San Francisco MLS
Los Angeles, CA - $188,000,000
924 Bel Air Rd
Luxury developer Bruce Makowsky's greatest masterpiece. Located in the confines of ultra-exclusive Bel Air Enclave. The pinnacle of splendor & luxury. 38k sq ft new construction home +17k sq ft of entertainment decks, 2 master suites, 10 over-sized VIP guest suites, 21 luxurious bathrooms, 3 gourmet kitchens, 5 bars, massage studio/wellness spa, state-of-the-art fitness center, 85-foot glass tile infinity swimming pool, 40-seat 4K Dolby Atmos Theater, 4 lane bowling alley/lounge, auto gallery w/ cars worth more than $30mm, 7-person full time staff, over 100 curated art installations, outdoor pop-up theater, 2 fully-stocked champagne/wine cellars, massive candy wall, the most advanced home tech system in the world. Astonishing array of amenities & bespoke items from around the world, 4 meticulously curated levels, indoor/outdoor nirvana enhanced by 270-degree unobstructed views spanning from the mountains all the way to the ocean & the incredible Los Angeles skyline in-between.
Listing Agent: Rayni Williams - Hilton & Hyland, Shawn Elliott - BRE
New York, NY - $88,000,000
ONE VISION, ONE EXTRAORDINARY MANSION IN THE TRADITION OF STANFORD WHITE The house designs of Stanford White embodied the ultimate achievements of The Gilded Age and created an "American Renaissance" in architecture and art. And just like Stanford White, who not only designed a mansion for his clients, but also traveled the world to collect the furnishings they should contain, this owner also traveled the world to collect the finest architectural and decoration ideas, as well as theart and furnishings, to combine the very best of the classical tradition with every modern technological convenience. JAMES ELLSWORTH The entrepreneurial, creative thread began early. Originally commissioned in 1883 for an international silk trader, this house was transformed in 1913 into its present neo-Classical style by William Welles Bosworth for James Ellsworth. Ellsworth flourished in business during The Gilded Age, achieving particular success at the peak of the economic boom between 1890 and 1920. He was a flexible American industrialist moving from one industry to another: he began as the owner of coal mines in Pennsylvania -- the coal town Ellsworth, PA is named after him. He moved into railroads, and in 1907 after the completion of a railway, Ellsworth sold his coal mines to Bethlehem Steel, and subsequently purchased a villa in Florence, Italy, and would become a notable fine art and coin collector. ARCHITECT: WILLIAM BOSWORTH William Bosworth includes among his most famous designs Kykuit, the famed Rockefeller family estate north of Tarrytown in New York, where he worked closely with William Adams Delano and Chester H. Aldrich. Under the auspices of John D. Rockefeller, Jr., Bosworth was commissioned to restore the Palace of Versailles, France, which Rockefeller financed. A century later, the present owner of 12 East 69th Street was influenced by the Palace of Versailles, which receives 3 million visitors a year, a testament to its international draw as a monument to timeless architecture. PERFECT LOCATION Positioned a few houses off Fifth Avenue and Central Park on an exceptional residential, tree-lined block, this mansion is 40 feet wide, 90 feet deep, and features four windows across the front and rear facades providing remarkable light at all times. There is no other renovated 40 foot wide mansion available right now between Fifth and Madison Avenues. SIZE With six levels, it encompasses over 20,000 interior square feet including the 3400sf basement with windows in the front and rear, and approximately 2,650 exterior feet on the roof terrace. FORMAL ENTRY 14-foot ceilings in the entry hall open to a rotunda with 28.5-foot ceilings to the third floor. The great room in the rear of this level spans 40 feet with French doors opening to Juliette balconies and floor-to-ceiling windows. A hidden door off the main hallway opens to the top of an extraordinary double-height library and office which measures 24 feet in height. THIRD LEVEL The formal dining room also extends 40 feet and easily accommodates 40 guests or more at a sit-down dinner. The massive 40-foot-wide kitchen in the front has four windows across and almost every cooking appliance known to a chef. FOURTH LEVEL Two 40-foot-wide bedrooms could be converted to four or more bedrooms. FIFTH LEVEL A massive master bedroom suite with an equally large sitting room and two full baths. Two large dressing rooms one of which is wired as a panic room. Separate guest suite. GARDEN LEVEL Additional entrance from the street for the lower half of the extraordinary double-height library offers private access to the office. This level includes the upper balcony section of the movie theater which seats 12 in red velvet chairs. LOWER LEVEL Saline swimming pool with two saunas and a full bath. The lower entrance to the split-level movie theater is in the rear. ROOF TERRACE Elevator and stair provide access to the terrace which covers the entire roof. TECH HIGHLIGHTS Heated sidewalk for automatic snow removal. Heated Onyx marble floors in the entry hall. Water filtration throughout the house. Exceptional lighting system allows numerous lighting combinations. Security system with cameras. In conclusion, with three of the most remarkable rooms ever seen in a New York mansion, this house is truly An American Beauty, a synthesis of the elegance of the Beaux-Arts themes sifted through an unique American sensibility.
Listing Agent: Paula Del Nunzio - Brown Harris Stevens
Just when you thought you’ve seen it all in San Francisco’s insane Real Estate market, something like this comes along. An 1,185 sq ft loft in Western SOMA district sold for $1,053,000. One thing the listing doesn’t mention? The GIANT diagonal support beam that cuts right through the kitchen.
As a a real estate professional I have never seen anything like it. I can’t figure out why the floor plan wasn’t designed in a way to hide that hideous beam inside a wall or something.
Oh well, the apartment still sold. Based on the listing features, there were plenty of other benefits to overlook the massive eye sore and tripping hazard in the kitchen.
Listing source: boingboing
Portland was set to become the proud owner of Framework. the tallest wood-frame building in the US. This also made it one of the most environmentally friendly high-rise development in the US, but the project was just set on hold. In a new press release, they stated:
"The postponement is a result of changing market conditions over the past two years including inflation, escalating construction costs, and fluctuations in the tax credit market. All have impacted the project’s bottom line."
The building was designed to showcase the innovative nature of mass timber construction at both the street level and city skyline. The structural design is a glulam post-and-beam structure, surrounding a CLT central core, and topped by CLT floor panels and gypsum concrete. There was a lot of buzz surrounding the development and it's sad to see that the economics of it no longer make sense.
The building was designed with 12 floors: 1 retail, 5 office, 5 affordable housing, and 1 roof deck. I am still keeping my fingers crossed on this one, as the concept would fit right in with Portland's eco-friendly culture and the city is definitely in need of affordable housing.
To be continued...
Photo source: LEVER architecture
I will begin by saying that the Portland metro market does not show signs of slowing down. Despite the fact that some homeowners are having a harder time selling their home, some have even contacted met frantically asking what they're doing wrong. Well, nothing in particular. Sales have increased since May, but inventory is still HIGH (see graph above).
So before anyone worries, if your property isn't selling yet, its not a sign the market is slowing down (yet) but more a sign that many property owners are trying to cash in the equity they've built up. Pending sales have dropped off slightly.
What I particularly love about the graph is the visible seasonality of the market, as supply and demand both build up during the summer months and significantly drop off during winter. Despite rising interest rates, summer 2018 seems to be on track with last summer.
We have also had a tick up in median sales price for the month of June. This is a great sign that residential properties are continuing to appreciate! The gap between asking price and selling price has shrunk just like in previous summers.
These statistics are for Multnomah County as a whole and do not include Clackamas or Washington County. The patterns in these respective counties are very similar. Overall, still an amazing time to be in the industry!