Mubadala Investment Co.’s asset management unit is teaming up with Cain International on a new venture that seeks to deploy billions of dollars into global luxury real estate, according to people familiar with the matter https://t.co/IbygQ2mpYR ...

Even in the rarefied world of luxury real estate, professional hockey player-turned-waste management billionaire Patrick Dovigi stands out for his ability to write big checks and trade multimillion-dollar homes like chess pieces https://t.co/geN1vqVXU4? ...

Industry Figure - Patrick Dovigi, a Canadian hockey player turned businessman, is notable in luxury real estate for high-value transactions [1] Real Estate Transactions - Dovigi is known for trading multimillion-dollar homes [1]

Even in the rarefied world of luxury real estate, professional hockey player-turned-waste management billionaire Patrick Dovigi stands out for his ability to write big checks and trade multimillion-dollar homes like chess pieces https://t.co/PSnGepvo6d? ...

Christie's has launched a new division with $1B in luxury real estate - open to crypto offers only 💰Just a matter of time before all real estate will be purchaseable via crypto... https://t.co/wgeZCvn7bA ...

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 ...