Tag Archives: Westchester Homes for Sale

Westchester Homes for Sale

Pharrell Williams Drops Price on Miami Penthouse | Bedford Real Estate

Pharrell Williams is a producer, fashion designer, rapper and collaborator, but don’t add real estate guru to his resume quite yet. His 40th-floor penthouse just received another price cut, dropping the listing down to $10.9 million. Williams first listed the glassy pad in November 2012 and seems keen to dump the place as soon as possible; he already slashed the price from $16.8 million to $13.999 million in January.

Williams bought the 9,000-square-foot duplex at 2127 Brickell Ave, Apt 4000, Miami, FL 33129 for $12.525 million in 2007 and set about making it his own, filling the loft-like space with his extensive modern art and furniture collection.

He described the modern home as living in a “reverse fishbowl,” a home that had uninterrupted views of Miami and Biscayne Bay, but no one could see him.

The 5-bedroom, 6.5-bath home has terraces, its own swimming pool and a second-level “summer kitchen.”

While his penthouse has been on the market, Williams has kept busy, producing and collaborating with Daft Punk for their hit “Get Lucky,” as well as producing the “Despicable Me 2″ soundtrack.

The listing is held by Jill Hertzberg of Coldwell Banker.

 

Pharrell Williams Drops Price on Miami Penthouse | Zillow Blog.

Get This Look: Stripes in the Home | Bedford Corners Real Estate

Gray stripes are a neutral backdrop for pops of bright neon. By Kerrie Kelly Design Lab.

Gray stripes are a neutral backdrop for pops of neon. By Kerrie Kelly Design Lab.

They aren’t just for adding some patriotic flare this Fourth of July. Stripes are both playful and classic and — with the right accessories — can up a room’s elegance or provide a casual feel year-round.

Take for example, stripes painted across the walls of a converted garage space by Kerrie Kelly ofKerrie Kelly Design Lab. Swathes of beige in a darker and lighter tone are neutral without being too formal for the neon accessories throughout the room.

Besides adding interest to a space, stripes are often used to alter the perception of a room, explains designer Dan Benedict of Benedict August.

“For example, if a room is too short, you can add vertical stripes to make it seem taller,” he said. “It’s not always for correcting problems, but enhancing a feature.”

Ready to get striped? Here are a few ways to incorporate the look into your home.

Wallpaper

“Striped wallcoverings are easy to come by and perfect for sprucing up even a small space like a powder bath,” said Kelly.

 

Get This Look: Stripes in the Home | Zillow Blog.

How the Weather Can Save You Money | Bedford Real Estate

Some summertime savings could be headed your way as new energy projections show a decrease in electric bills this summer, The Wall Street Journal reports.

According to the U.S. Energy Information Administration, the average household will pay $395 for electricity in June, July and August, a solid 2.5-percent decrease from last summer. Assuming these projections hold true, this will be the third summer in a row with lower electrical spending.

But unlike the last two summers, this drop in bills has nothing to do with lower electricity rates. Lower temperatures are the reason Americans use less air conditioning and pocket some extra cash. After three blistering summers, government forecasters are saying that this summer’s temperatures will align more with the average levels.

Since air conditioning is the main culprit for larger electricity bills in the summer, households can turn off their AC units and find other ways to cool off homes, causing the average usage to fall by a projected 4.6 percent.

Take advantage of the lower temperatures and bills! Enjoy the outdoors by gardening or grilling, or just relaxing with a good book.

 

How the Weather Can Save You Money | Zillow Blog.

Wayne Gretzky Lists Scottsdale Home for $3.395M | Chappaqua Real Estate

With 20 seasons in the National Hockey League (NHL) under his belt, you’d think Wayne Gretzky would be ready to settle down. But in real estate, “The Great One” is just warming up.

In 2007, he sold his Thousand Oaks, CA home for $18.5 million. While that property recently returned to the for-sale market, the former professional hockey player has listed his Scottsdale, AZ residence for $3.395 million.

According to the Los Angeles Times and property records, Gretzky purchased the home at 6436 E Gainsborough Rd, Scottsdale, AZ 85251 in 2003 while putting the finishing touches on his 6.5-acre Sherwood Country Club estate, which he custom designed with architect Richard Landry.

The Scottsdale property is an architectural gem as well, described by listing agent Pam Wugalter as “both sophisticated and elegant, with finishes that are of superior quality and workmanship.” Built in a Spanish-Mediterranean style, the home boasts high ceilings, vintage chandeliers and wood beams throughout.

One of 13 homes in a secluded Arcadia development, the property affords more than an acre of privacy with a large, covered poolside patio for outdoor entertaining. The main house has 3 bedrooms, each with its own bathroom, and a 1-bed, 1-bath casita provides additional living space for guests.

After retiring in ’99, Gretzky was immediately inducted into the Hockey Hall of Fame. He has since purchased real estate in Westlake Village, CA, in addition to his Scottsdale and former Thousand Oaks homes. Today, he’s considered by many to be the greatest player in the history of the NHL.

 

Wayne Gretzky Lists Scottsdale Home for $3.395M | Zillow Blog.

Armonk’s Bernie Williams Wows Jazz Fans In Yonkers | Armonk Real Estate

Former New York Yankee Bernie Williams rocked the Cross County Center in Yonkers Monday night.

Williams, an Armonk resident, kicked off the center’s Summer Concert Series with a performance that included his All Star Band. The show had been rescheduled because of last week’s rain.

Williams and his band performed smooth Latin Jazz rhythms.

“I am thrilled to be returning to Ridge Hill’s Summer Concert Series,” said Williams before the show. “We had a great turnout last year, and my band and I are very much looking forward to playing again for our neighbors here in Westchester.”

The other concerts at Cross County this summer are:

  • July 11—“Shadows of the 60s: A Tribute to the Four Tops,” a tribute to the tremendous legacy of the R&B quartet, featuring hits from three decades of the group’s career. (Rain date: July 15)

  • July 18—“Abraxas: The Santana Experience,” a Carlos Santana cover act defined by virtuosity and passion, fronted by Alex Ligertwood, who performed with the Latin phenom for 16 years. (Rain date: July 22)
  • July 25—“Wade Preston & The Movin’ Out Band,” the smokin’ original band from the Tony Award-winning, Grammy-nominated Broadway Billy Joel musical, “Movin’ Out.” (Rain date: July 29)

  • Aug. 1—“Tramps Like Us – Bruce Springsteen Cover Band,” the only Springsteen cover band to be endorsed by former Springsteen manager Mike Appel. (Rain date: Aug. 5)
  • Aug. 8—“Shower the People – James Taylor Tribute,” a faithfully-rendered presentation of more than two dozen James Taylor classics including the iconic “Fire And Rain” and Carole King’s “You’ve Got a Friend.” (Rain date: Aug. 9)

All concerts are free.

 

Armonk’s Bernie Williams Wows Jazz Fans In Yonkers | The Armonk Daily Voice.

Fourteen Major Markets Top Peak Prices | Mt Kisco Real Estat

Another measure of the strength of the housing recovery has found that April prices have pushed 14 major markets, including Omaha, Denver and Pittsburgh, over the peak prices they reached during the housing boom. Four, all in Texas, have reached new price levels twice as high as their previous peaks.

 

According to a new Rebound Report by Homes.com which is based on the site’s Local Market Index, a price performance summary on repeat sales of properties in the U.S. utilizing home pricing data from several sources.  The April Local Market Index found that single-family properties gained in all of the top 100 markets, improving from previous reporting periods.

 

The 14 markets that have made more than a 100 percent rebound are an increase from nine that topped their peak values in March.  With the exception of Denver and Pittsburgh, the markets that have exceeded their peak values are in the South, Southwest or Midwest.  All of the markets that have doubled their peak values are in Texas.  Most of them experiences price increases during the boom lower than the national median.

 

Price Percentage over Peak

 

1.San Antonio     233.11

 

2.Houston           223.49

 

3.Austin                   219.74

 

4.Dallas                   203.26

 

5.Oklahoma City    199.40

 

6.McAllen          184.12

 

7.Tulsa                  179.03

 

8.El Paso                  133.01

 

9.Omaha                  113.20

 

10.Little Rock          110.58

 

11.Pittsburgh          105.89

 

12.Wichita                  104.94

 

13.Baton Rouge  104.10

 

14.Denver                  101.72

“The latest round of report findings supports a growing confidence in the housing market. With home prices posting the strongest gains in seven years, the Rebound Report is another indicator of a positive turn. In one month alone, we have seen five new markets reach recovery,” said Brock MacLean, executive vice president of Homes.com. “Adding to that momentum, all top 100 markets recorded gains for the first time, indicating the recovery continues to build across the country.

 

RealEstateEconomyWatch.com » Fourteen Major Markets Top Peak Prices » Print.

NAHB to Critic: We’re Right for Wanting Lead-Paint Rule Reform | South Salem Real Estate

NAHB Remodelers chairman Bill Shaw sent the following to REMODELING today regarding a letter to the editor from Wayne Baruch that we entitled: “Why NAHB, Inhofe Are Wrong About Lead-Paint Rule.”

In response to Wayne Baruch’s letter published in this magazine on June 21, Mr. Baruch does not understand the reasonableness of the opt-out provision that the National Association of Home Builders (NAHB) supports and I testified to Congress about. Since the regulatory process began, NAHB has been involved in making this workable for remodelers but most importantly crafting a rule that protects children and pregnant women from lead hazards.

The bills NAHB supports, S. 484 and H.R. 2093, would reinstate the opt-out, permit emergency renovations to help families after disasters, and allow remodelers to correct paperwork errors.

The removal of the opt-out provision dismantles everything that the EPA included in its original 2008 RRP rule to ensure that it would not be overly costly to small businesses and inadvertently places home owners and their families at risk of exposure to lead.

As the costs of complying with the rule without an accurate lead test are revealed, homeowners balk at the price and opt to do the work themselves or not at all – both of which increase the chances of lead exposure if lead paint is present.

As many professional remodelers who comply with the rule can attest, they are being underbid by ‘fly-by-night’ contractors who are not certified or properly trained. Consumers who hire these contractors are risking the health of their family. This serves neither those rule-abiding remodelers like the people who attend Mr. Baruch’s RRP classes nor the intent of the rule.

The unavailability of an accurate test kit, which EPA promised by September 2010, is a major problem. NAHB has urged EPA to support the introduction of an accurate test kit for years because the current EPA approved test kit has such a high percentage of false positives that many projects are being completed under the RRP guidelines when in fact no lead exists. This puts an additional and unnecessary financial burden on the consumer and contractor and leads to the risky scenario involving untrained, fly-by-night contractors or DIY demolition.

Under the rule, if a pre-1978 home is tested and the results indicate there is no presence of lead-based paint, the contractor can bypass RRP compliance. NAHB supports this reasonable component to the rule, but it also hinges on the existence of an accurate testing kit.

 

NAHB to Critic: We’re Right for Wanting Lead-Paint Rule Reform – Lead-Safe Practices, Legislation, Remodeling – Remodeling Magazine.

Rosie O’Donnell Tries To Flip Village Penthouse, Asks $11M | Katonah Real Estate

Another year, another apartment. Last summer, Rosie O’Donnell dropped $8 million—well, $8,095,087.50, to be precise—on a duplex penthouse at 130 West 12th Street, part of St. Vincent’s Hospital that was converted into condos. Less than a year later, O’Donnell has redecorated the 4BR/3BA (which comes with a 429-square-foot private terrace) all classy-like, with lots of art, colorful carpets, and inventive light fixtures. A tipster reports that two weeks ago she threw it back on the market, now asking $10,950,000. The Nyack, N.Y. resident and her wife Michelle Rounds welcomed a baby girl in January, bringing the progeny total to five, so perhaps they’re upgrading for a pied-a-terre with more bedrooms. If a buyer bites for that price, the straight-talking comedian, LGBT rights activist, and gay cruise pioneer will have pocketed a 35 percent profit over one year. Not too shabby.

Floorplan%20-%20130%20West%2012th%20Street%20PH11A.jpg

Plus, the buyer will get to live next door to Theory CEO Andrew Rosen, whopurchased the other PH not long after O’Donnell. He has a bigger terrace, but you know, make nice and he might let you use it. Both Rosen and Rosie bought their places for above ask, which bodes well for her flip.

 

Rosie O’Donnell Tries To Flip Village Penthouse, Asks $11M – Celebrity Real Estate – Curbed NY.

The buyers are back, Canada housing market defies doomsayers | Pound Ridge Real Estate

Daniel DiManno sold his Toronto house for less than he had hoped and wanted to see if prices would cool before he bought a new one. But Canadian mortgage rates are rising again and that’s spurring DiManno and others to jump back into the market, cutting short an already brief housing downturn.

“I saw that they are going to increase rates, so I called my bank last Friday and locked in 2.5 percent for 120 days,” said the 31-year-old accountant, starting the clock on a four-month search for a new home before borrowing gets more expensive.

After nearly a year of cooling sales and plenty of concern that Canada could head for a U.S.-style housing crash, demand has roared back in key markets. What’s still unclear, however, is whether the recent surge is a reinflation of a real estate bubble, a final rush of buyers before rising rates choke off demand, or just a sign of market resilience.

The rise in mortgage rates comes after North American bond yields jumped on fears that an improving U.S. economy will cause the Federal Reserve wind down its monetary stimulus program, known as quantitative easing, more quickly than expected.

After a long cold spring that dampened house hunting, May sales of existing homes rose 3.6 percent, the biggest monthly gain in almost 2-1/2 years, returning the market almost to where it was before Canada’s Conservative government tightened lending rules in mid-2012 to stave off a housing bubble.

 

Analysis – The buyers are back, Canada housing market defies doomsayers – chicagotribune.com.

Foreign investors snap up Washington real estate at an accelerating clip | Armonk Real Estate

Foreign investors are pouring money into downtown D.C. office buildings even as many properties in the Washington suburbs struggle with stagnant leasing and growing vacancy.

Overseas investors have purchased or are under contract to buy nearly $1.9 billion in Washington office properties so far in 2013, according to data assembled by the services firm Jones Lang LaSalle. That tops the total of $1 billion for all of last year and is more than double the $807 million that foreign investors put up in all of 2011.

With the federal government undertaking stimulus spending measures to bolster the economy, Washington emerged from the recession more quickly than most commercial hubs, and foreign investors — looking for stable assets in a sea of uneasiness — began putting money into some of the city’s top downtown properties and development projects.

Middle Eastern sovereign wealth funds became primary investors in the city’s two mammoth downtown projects, the Marriott Marquis Convention Center Hotel (Abu Dhabi) and CityCenterDC (Qatar). Both are under construction.

Rather than waning as sequestration cuts began to hit Washington in March, interest from abroad appears to be strengthening. Foreign sales account for 75 percent of all investments in Washington commercial real estate this year, after not topping 30 percent in the previous three years and registering just 1 percent in 2006. On average, foreign firms accounted for 17 percent of all sales since 2001.

 

Foreign investors snap up Washington real estate at an accelerating clip – The Washington Post.