A duplex penthouse at the planned 50-story Waldorf Astoria Residences tower in St. Petersburg, Florida, sold for $27 million, smashing the record for the most expensive condo in the Tampa Bay area https://t.co/wnIi1Uc9SE ...

Market Trends & Drivers - Gated communities in Florida offer ease of living and maintenance-free paradise, attracting retirees, golfers, families, and young professionals [1][2][3][21] - The popularity of gated communities stems from a desire for privacy, exclusivity, and a perceived location premium [3][4] - Post-Great Recession, gated communities shifted towards marketing themselves as middle-class communities, emphasizing good schools [6] - A recent trend involves coupling gated communities with master-planned communities to increase economic and social diversity [20][21] Financial Aspects & Costs - Homes in gated communities are typically 5-10% more expensive than non-gated homes in the same area, potentially reaching 15-20% at the high end [12] - Additional costs include Homeowner's Association (HOA) fees and membership fees, which vary based on upkeep and amenities [4][13][15] - PGA National membership costs between $115,000 and $225,000, with additional fees [16] - A home in Frenchman's Reserve sold for $14 million in 2020 and is now listed for $36 million, representing a 5% higher appreciation rate than the national average [15] Drawbacks & Considerations - Gated communities can have restrictive HOA policies, potentially lacking diversity and limiting property owner autonomy [4][13] - HOA rules often restrict renting, making it difficult to use these homes as Airbnb or investment properties [17][18] - Some critique gated communities for being isolating and hindering social interaction with diverse backgrounds [19] Security & Amenities - While safety is a draw, the primary focus in the US is often controlling access to the community and its amenities [8][9] - Gated communities offer various amenities, including golf courses, spas, pools, restaurants, and fitness centers [10][11][12] - Frenchman's Reserve offers luxury amenities like an onsite spa, hair salon, nail salon, and a 24/7 weight room with personal trainers [12]

Market Sentiment - The sale of a luxury mansion in Shanghai for $38 million is seen as a potential indicator that a prolonged crisis may be nearing its end [1] Real Estate - A luxury mansion in Shanghai was sold for $38 million [1]

Six months after the worst wildfires in Los Angeles history, luxury real estate agents say the market has dramatically changed https://t.co/D1sCI98ioG ...

A historic compound in Kingston, New York, is hitting the market for $8.25 million https://t.co/4BeM37QQ2O ...

A mystery buyer in Florida is quietly assembling one of the priciest estates in the country https://t.co/8oBMeUswwm ...

“In some ways I’m a very easy client. And in some ways I’m a very difficult client.” A Michigan man didn’t compromise on his new house, which has a $1 million whiskey wall, a ninja gym and two garages for his sports car collection. https://t.co/4IE3PhJWGQ ...

“In some ways I’m a very easy client. And in some ways I’m a very difficult client.” A Michigan man didn’t compromise on his new house, which has a $1 million whiskey wall, a ninja gym and two garages for his sports car collection. https://t.co/167x1ZUAI7 ...

UAE luxury real estate developer Binghatti has launched an asset management firm with the aim of managing billion worth of private credit and real estate strategies. The new Binghatti is based at the Dubai International Financial Centre. The IFC and its chairman, Ahmed BinGhatti joins me right now.Good to have you with us on the show. So the asset management firm plans to target about billion in private credits and real estate strategies as a share compliance. Why did you launch Benarty Capital.What's the p ...

Company Overview - Sotheby's International Realty announced the addition of Ernie Carswell & Associates, a leading real estate team in Los Angeles, to its Beverly Hills Brokerage [1] - The team has achieved over $300 million in closed sales volume in 2023 and 2024 [1] - Carswell & Associates has a distinguished legacy in the luxury real estate market, consistently ranked among the "Top 1,000 Agent Teams in America" [1] Team Experience and Achievements - Ernie Carswell, with over 25 years of experience, is recognized as a top name in luxury real estate, with accolades from various prestigious publications [2] - The 15-member team has nearly 100 years of combined experience, specializing in high-end neighborhoods such as Beverly Hills and Bel Air [3] - Notable sales include the record-breaking $25 million sale of the USC president's mansion and the iconic "Brady Bunch" house [3] Strategic Benefits of the Affiliation - The partnership with Sotheby's International Realty provides access to sophisticated marketing resources and a global network across 85 countries [5] - Carswell & Associates will benefit from the prestigious Sotheby's brand heritage, enhancing their listings' exposure through exclusive marketing channels [5] - Sotheby's International Realty's Southern California operations reported over $4.2 billion in sales volume in 2024, indicating a strong market presence [4]