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$170 Million Fairfield is USA’s Largest Residential CompoundThis 63 acre home is considered the largest residential compound in America. The 29 bedroom beachfront home of publicity shy billionaire Ira Rennert has 5 sports courts, a bowling alley and a $150,000 hot tub. Ira Rennert is known for two things: the vast wealth he’s acquired thanks to investments in highly unpopular industries, and his home in the Hamptons, which has the distinction of being the largest residential structure in the country.
The assessed value of the Sagaponack property in 2009? A mere $170,167,400.
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About Central Florida Luxury Homes
There are quite a few exclusive communities in Central Florida with a wide range of outstanding elements among them. Luxury lakefront properties located on a "chain" of lakes rather than just a single lake are usually the more sought-after. The premier chain of lakes in Central Florida is the Butler Chain of Lakes which hosts many exquisite homes owned by celebrites, entertainers, sports stars and legends. The Winter ParkChain also hosts some large and beautiful homes and estates. The are a few single lakes surrounding--or in close proximity to the Butler Chain of lakes where large estate homes and true luxury communities are located.
If you are interested in primarily waterfront-lakefront or golf course luxury properties in Central Florida--especially on the Butler Chain of Lakes and the Winter Park Chain of Lakes...
Find further information, search the MLS and search for luxury properties in Windermere, FL on the LuxeMark Realty website.
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[caption id="attachment_188" align="alignleft" width="500" caption="Fairfield - The Hamptons"][/caption] The Hamptons is where you can find the country's largest residential compound. Billionaire, Ira ...
An advertisement for million-dollar homes in Baldwin Park shows a woman soaking in a tub under the caption: "Not as ...
[caption id="attachment_175" align="alignleft" width="500" caption="Wesley Snipes (mansion on left) and Tiger Woods were neighbors in Isleworth. But Snipes' home was ...
[caption id="attachment_169" align="alignleft" width="300" caption="Monaco is top residential real estate market"][/caption] For the second year in a row, Monaco ranks as ...
[caption id="attachment_159" align="alignleft" width="460" caption="Bella Colina Infinity Edge Pool"][/caption] by Stacie Kress Booker Florida Trend Going with the Flow » Owner: The owner, who ...
[caption id="attachment_154" align="alignleft" width="500" caption="Perry Snell's Mansion"][/caption] Perry Snell’s waterfront mansion, considered as one of the most beautiful homes in Florida, ...
[caption id="attachment_146" align="alignleft" width="500" caption="Florida Gov's Mansion"][/caption] The Florida Governor's Mansion (also called The People's House of Florida) is a historic ...
[caption id="attachment_149" align="alignleft" width="393" caption="Maria Sharapova's Longboat Key Home"][/caption] Tennis superstar Maria Sharapova was born April 19, 1987 in Nyagan, Russia. ...
[caption id="attachment_130" align="alignleft" width="390" caption="America's $50 Million Homes"][/caption] Many of the country's most lavish properties have dropped in price to lure ...
[caption id="attachment_124" align="alignleft" width="500" caption="New timeline for acceptance of your short sale offer"][/caption] The federal government has just released new short ...
Should you consider a shortsale in light of new federal regulations? [caption id="attachment_120" align="alignleft" width="466" caption="There are new federal regulations affecting ...
The Fisher Island real estate market is the most luxurious market in South Florida. Located some distance away from Miami, ...
Golf Course Properties
Isleworth has reigned as Orlando’s most prestigious address for more than a decade.
The lavish 300-home subdivision on the Butler Chain of Lakes near Windermere is, above all else, known as the place Tiger Woods, other athletes and prominent business executives call home.
But in this real-estate market of unprecedented lows, even the rich and famous are finding it tough to sell.
Sports stars Grant Hill, Mark O’Meara, Stuart Appleby and Ryan Longwell as well as former Hughes Supply Inc. CEO Tom Morgan and the estate of car dealer Bob Dance all have homes up for sale in Isleworth.
In fact, at least 45 mansions, or 15 percent of the subdivision, are on the market.
That’s higher than nearby luxury subdivision Keene’s Point, where 11 percent of its 960 homes are for sale.
The heavily guarded gates don’t keep out distressed sales.
Estate Properties
…The glass tile, about 3,000 square feet, is from a company called Sicis in Ravenna, Italy, one of the finest glass tile manufacturers. The blue tiles have a copper iridescence, which take on different hues depending on how the sun hits the pool.
Perry Snell’s waterfront mansion, considered as one of the most beautiful homes in Florida, was just listed for $18 million, in the St Petersburg/ Tampa Bay area. Alona Dishy with Realty Executives, who specializes in high end, historic and waterfront homes in the Tampa Bay area, is representing the ownership.
From 1845, the year Florida joined the Union, to the beginning of the 20th century, governors of the state usually lived in hotels or boardinghouses. In 1905, the state legislature appropriated $25,000 to construct an official residence for the governor, and the home was finished in 1907, George Saxon, a banker from Tallahassee, donated four lots on which to build the residence.
Already a multi-millionaire before her 20th birthday, Sharapova decided to use $2.6 million of her tennis winnings for a home on southwest Florida’s affluent Longboat Key. Sharapova’s two-story mediterranean-style home offers four bedrooms, fireplace, swimming pool, and a boat dock.
Many of the country’s most lavish properties have dropped in price to lure buyers.
When brokers and sellers determine an asking price for a home in the double-digit millions, local real estate statistics mean almost nothing. Instead of relying on metrics like “comparables,” the industry term for similarly appointed homes that have recently sold nearby (these [...]
Hot Areas !
For the second year in a row, Monaco ranks as the world’s most expensive residential real estate market, with prices averaging from $4,300 to $5,900 a square foot.
That’s just one of many interesting tidbits in the Wealth Report, which offers a glimpse at the trends in luxury markets around the world, as well as the interests of high-net worth investors. It’s one of the few reports to provide snapshots of specific luxury residential markets around the world. Global Property Guide is another.
Shortsales - Foreclosures
The down side is that mortgage companies don’t have to put the program into action until April 5, 2010. I think this time frame was established to give these companies time to get their act together. My understanding is that this program is voluntary for lenders that hold second mortgages. These lenders can receive up to $3,000 to release the loans. I’m sure that will be a gamble for many lenders that stand to lose a substantial amount of money and opt to hold the borrower accountable instead.
Now new federal rules will require lenders to respond to all shortsale offers in 10 business days. That makes shortsales a very real option for many. Florida’s Sun Sentinel reports that 20 percent of houses in certain parts of the state have been shortsales, while more than 40 percent were foreclosures.
Loan modification efforts fall short when they aren’t based on what a homeowner can afford in the long run.
The good news is that the number of loan modification efforts designed to help financially troubled homeowners remain in their homes is up; the bad news is that more of the same homeowners who received a loan modification are in default again.
What’s the problem?
New government guidelines and bank programs combine to boost ‘short sales’
January 5, 2010 — Is a housing turnaround possible in 2010? That’s what U.S. homeowners and real estate professionals are counting on when the government’s ‘short sale’ guidelines take effect in April—guidelines that are designed to “shorten” the short sale process. This is great news [...]
By Kathleen M. Howley and Dan Levy
Homeowners with $1 million-plus mortgages are defaulting at almost twice the U.S. rate and many are turning to short sales
(Bloomberg) — Homeowners with mortgages of more than $1 million are defaulting at almost twice the U.S. rate and some are turning to so-called short sales to unload properties as [...]
A historic hotel with distinctive Spanish Mission-style architecture, located 70 miles Northwest of Disney World, Orlando is heading to court-ordered foreclosure auction on January 21, with no minimum bid.
Ocala, Florida’s The Ritz Historic Inn, a hotel in need of renovation and rehab work, is listed on the National Registry of Historic Places, according to a [...]
By Steve Cook, Real Estate Economy Watch
Predictions that 2010 will bring one to two million more foreclosures are gloomy news for most homeowners and housing professionals.
But to a small group of legal professionals who have figured out how to made foreclosures their pot of gold, the Foreclosure Era continues to be a time of prosperity [...]



