Daily Archives: May 11, 2011

South Salem NY History | Tator’s Dodge Since 1914

05/11/2011

South Salem NY History | Tator’s Dodge Since 1914

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Hollywood Producer Jerry Weintraub Lists Malibu Estate for $42.5 Million | Pound Ridge Luxury Homes

Source: NYTimes.com

He produced popular hits like “Oceans 11″ and “The Karate Kid” and in 2008, his Malibu home was listed for $75 million — one of the priciest listings in California at that time. Fast-forward to 2011 and that same home is back on the market, but for nearly half the price.

Producer Jerry Weintraub’s home is on the Malibu real estate market for $42.5 million this time around, which shows just how much home values have fallen since the peak of the market in June 2006.  Although median Malibu home values are still high at $1,532,100, they’ve dropped 14.6 percent year-over-year.

Weintraub started his Hollywood career working for MCA Records before forming his own management company in 1964, where he handled many big musical names, including Frank Sinatra, Elvis Presley, Neil Diamond, the Moody Blues and the Carpenters. In 1970, Weintraub became John Denver’s personal manager.

In the late ’70s, Weintraub began producing films, including Robert Altman’s “Nashville” in 1975, all of “The Karate Kid” movies, as well as the “Oceans” series.

According to The Real Estalker, Weintraub purchased the property in two pieces: he paid $950,000 in 1978 for a four-acre parcel and $450,500 for the second 2.25-acre parcel in 1980.

Located just south of Paradise Cove, the gated seven-acre compound is huge for beachfront property. Whoever purchases this beach house can add Dick Clark as a neighbor — he lives nearby.

Besides stunning views of the Pacific Ocean and private beach access, Weintraub’s home includes 7 bedrooms and 11 bathrooms in the main house. There are more sleeping quarters in the two guest houses also on the property.

The compound also features a deluxe equestrian center with two stables and large riding ring as well as lighted tennis courts and pool.

The listing is held by agent Chris Cortazzo.

 

DIY King Bob Vila Selling Flatiron Home (No Hammer Required) | Bedford NY Homes

Source: BobVila.com

Best known for his role as expert host of “This Old House,” it’s hard to picture bearded DIY-er Bob Vila in a luxury home. Apparently he had a hard time picturing himself there as well, because according to Curbed, he has the Flatiron District apartment back on the New York real estate market for $5.7 million.

Vila purchased the penthouse in 2009 with wife Diana Barrett. Although the 2,500-sq ft, 2-bedroom home sits in a pre-war commercial building, when Vila moved in, the place had already been completely remodeled into luxury condos.

The penthouse occupies the top floor in the Flatiron District in central Manhattan. Median Flatiron home prices are $1,147,300 at this time. The condo faces Madison Square Park and is within walking distance of Park Avenue South, Chelsea, Gramercy Park, and the rest of Midtown.

Vila must have noted the flexible floor plan when he purchased the place; he and his wife opened the wall between the living room and the second bedroom “creating a massive expanse of public space fronting the park.”

The master suite has unobstructed views of the New York City skyline, as well as a marble bath with Waterworks fixtures, soaking tub, and double sink. The rest of the home features a gourmet kitchen with white quartz counter tops, and high-end appliances by Sub-Zero, Miele and Viking. A central staircase leads to the private 700-square-foot roof-top terrace overlooking the city.

The condo building also has a spa, fitness center, wine storage room and children’s’ playroom.

According to The New York Times, this posh place wasn’t Vila’s first Big Apple purchase. He also previously owned two apartments at Museum Tower above the Museum of Modern Art: a 1-bedroom apartment he used as an office and a second apartment. He sold both in the past few years.