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Showing posts with label Island. Show all posts
Showing posts with label Island. Show all posts

Friday, August 9, 2013

On the Market: Private Island Retreat, In Same Family for 75 Years, Asks $2.7M

Tuesday, August 6, 2013, by Rob Bear

This idyllic summer retreat, an eight-acre island in Maine's Muscongus Sound, has been in the same family for 75 years, but the casual observer might not know it, considering it has none of the usual characteristics of inherited property, like peeling paint, dated furnishings, and a period kitchen. Instead, the six-bedroom main house has been impeccably maintained and updated over the years, while preserving the casual air that draws vacationers to the Maine coast. Accessable only by boat, the island is being sold with a four-car garage on the mainland for $2.7M. Pyne Island, as it is known, comes complete with "fire pit, swimming area, dock, moorings, studio, playhouse ... and boathouse."


View the original article here

Tuesday, January 8, 2013

[More Activity, Later] 3Q 2012 Long Island Report

Posted by Jonathan Miller - Thursday, October 25, 2012, 2:37 PM

We published our report on the Long Island sales market for 3Q 2012.   This is part of an evolving market report series I’ve been writing for Douglas Elliman since 1994.

Key Points

Long Island

-Housing prices generally stable
-Listing inventory continues to fall sharply
-Pending sales outpaced closed sales reflecting a late season rise in activity
-Despite tight credit, record low mortgage rates are pulling more people into the market.

Here’s an excerpt from the report:

…The pace of the Long Island housing market has been accelerating. The rise in sales and sharp decline in available inventory resulted in the fastest absorption rate in nearly six years. Contract signings rose faster than the pace of closings on both a quarterly and year-to-date basis. Median sales price was $365,000, unchanged from the prior year quarter. Average sales price saw a nominal 0.8% slip from $457,496 to $454,037 over the same period. The second, third, and fourth quintiles saw no or nominal changes in median sales price compared to the prior year quarter, while the first and fifth quintiles declined 2.2% and 2.9% respectively over the same period. There were 5,638 sales in the third quarter, 9.7% above 5,141 sales in the same period last year. Pending sales saw a larger gain over the same period, rising 12.9% to 5,436 from 4,813. Year-to-date, these metrics showed a similar pattern, reflecting the expanding activity levels later in the year…

You can build your own custom data tables on the market – now updated with 3Q 12 data. I’ll post the updated 3Q12 charts soon. In the meantime you can browse our chart library.


The Elliman Report: 3Q 2012 Long Island Sales [Miller Samuel]
The Elliman Report: 3Q 2012 Long Island Sales [Prudential Douglas Elliman]
Market Chart Library [Miller Samuel]
Aggregated Custom Market Data Tables [Miller Samuel]






View the original article here

Thursday, November 15, 2012

[More Activity, Later] 3Q 2012 Long Island Report

Posted by Jonathan Miller - Thursday, October 25, 2012, 2:37 PM

We published our report on the Long Island sales market for 3Q 2012.   This is part of an evolving market report series I’ve been writing for Douglas Elliman since 1994.

Key Points

Long Island

-Housing prices generally stable
-Listing inventory continues to fall sharply
-Pending sales outpaced closed sales reflecting a late season rise in activity
-Despite tight credit, record low mortgage rates are pulling more people into the market.

Here’s an excerpt from the report:

…The pace of the Long Island housing market has been accelerating. The rise in sales and sharp decline in available inventory resulted in the fastest absorption rate in nearly six years. Contract signings rose faster than the pace of closings on both a quarterly and year-to-date basis. Median sales price was $365,000, unchanged from the prior year quarter. Average sales price saw a nominal 0.8% slip from $457,496 to $454,037 over the same period. The second, third, and fourth quintiles saw no or nominal changes in median sales price compared to the prior year quarter, while the first and fifth quintiles declined 2.2% and 2.9% respectively over the same period. There were 5,638 sales in the third quarter, 9.7% above 5,141 sales in the same period last year. Pending sales saw a larger gain over the same period, rising 12.9% to 5,436 from 4,813. Year-to-date, these metrics showed a similar pattern, reflecting the expanding activity levels later in the year…

You can build your own custom data tables on the market – now updated with 3Q 12 data. I’ll post the updated 3Q12 charts soon. In the meantime you can browse our chart library.


The Elliman Report: 3Q 2012 Long Island Sales [Miller Samuel]
The Elliman Report: 3Q 2012 Long Island Sales [Prudential Douglas Elliman]
Market Chart Library [Miller Samuel]
Aggregated Custom Market Data Tables [Miller Samuel]






View the original article here

Monday, May 7, 2012

[Special Report] 1Q 2010 Long Island Market Overview

Posted by Jonathan Miller -Sunday, April 25, 2010, 4:54 PM
1 Comment

Here’s a quick recap of the Long Island Market Overview I authored for Prudential Douglas Elliman that we released last Thursday.

 

View the original article here

Sunday, May 6, 2012

[Special Report] 4Q 2009 Long Island Market Overview

Posted by admin -Monday, February 8, 2010, 12:28 PM
Comments Off

lmoq2009


Here is a brief recap of the 4Q 2009 Long Island Market Overview my appraisal firm Miller Samuel prepares for Prudential Douglas Elliman. I am a bit tardy getting this recap to podcast from this quarter.

4Q 2009 Long Island Market Overview [Miller Samuel]

 

View the original article here

Thursday, April 19, 2012

Your Own (Sort of) Private Island: Our cousins over at Curbed National...

× Like us and you'll find top breaking news in your Facebook newsfeed. Sign up for our daily email newsletter and get top stories and breaking news delivered to your inbox. Tuesday, April 10, 2012, by Sally Kuchar

? Back to top

? Previous: Sunday Streets This Weekend; Yardbombing Drama In Berkeley


View the original article here

Thursday, March 8, 2012

House of the Day: Must Love Stone for this Classic Long Island Gold Coast Estate

× Like us and you'll find top breaking news in your Facebook newsfeed. Sign up for our daily email newsletter and get top stories and breaking news delivered to your inbox. Wednesday, February 29, 2012, by Rob Bear

Have a nomination for a jaw-dropping listing that would make a mighty fine House of the Day? Get thee to the tipline and send us your suggestions. We'd love to see what you've got.

Location: Upper Brookville, N.Y.
Price: $6,999,000
The Skinny: Aptly named Fieldstone Farm, this 11-acre North Shore estate centers around an imposing stone mansion. The eight-bed, eight-bath spread is locked away down a long driveway and behind automated gates, ensuring privacy and the sort of impressive formal entrance required by the country nobility. The interiors, while certainly luxurious, aren't quite glamorous, with stuffy furnishings and wall-to-wall carpeting in a few rooms, but the swimming pool, set on a well-trimmed pad of grass in the backyard, looks like something out of a Slim Aarons photograph. Listed for close to $7M, this place is certainly aimed at someone looking to make the quick commute into Manhattan, while enjoying the country lifestyle at home. After all, there must be somewhere to land a helicopter on those 11 acres.
· Fieldstone Farm [Sotheby's]

93 Wolver Hollow Road, Upper Brookvile, NY

View the original article here

Wednesday, December 28, 2011

From Curbed Marketplace: A Private Island With a Dose of Revolutionary War Backstory

× Like us and you'll find top breaking news in your Facebook newsfeed. Sign up for our daily email newsletter and get top stories and breaking news delivered to your inbox. Tuesday, December 20, 2011, by Sarah Firshein

Here now, From Curbed Marketplace, highlighting an intriguing real estate listing from the many thousands of properties found in the Curbed Marketplace. Browsing the Marketplace and spot a property worthy of being featured? Send it to the tipline.

During the Revolutionary War, a small island in Maine's Penobscot Bay was used as a British point of defense until it was captured in 1779 by a group of Continental Marines led by none other than Paul Revere. Today that privately owned land mass is known as Nautilus Island, and while it appears more peaceful than power-mongering, the grandeur of its past life persists. For sale: the whole 37-acre estate, replete with a six-bedroom main house (built in 1882 and since updated), a two-bedroom farmhouse, a guest house, a vineyard, a boathouse (retrofitted with a sweet-looking bar), a 300-foot dock, not to mention a 23-foot boat. About those interiors, they're just about as upper New England-charming as it gets, with an original wood staircase, a stone fireplace, exposed brick, and views of the water. Outside, there's a pool, a tennis court, gardens, and more—all with lighted paths leading the way. Good news for lubbers of land and sea: the place has just been PriceChopped to $7.995M, down from its initial $10.6M ask.

· Nautilus Island, Brookville, Maine [Zillow]
· Maine's Nautilus Island Re-Listed for $7.995M [Realtor.com]


View the original article here

Sunday, December 18, 2011

Sunday, October 9, 2011

Island Life: Proposed Alcatraz Improvements Would Allow You To Sleep Over (If You Meet the Requirements)

× Like us and you'll find top breaking news in your Facebook newsfeed. Sign up for our daily email newsletter and get top stories and breaking news delivered to your inbox. Monday, September 26, 2011, by Sally Kuchar

9-26-11island.jpg[A Piece of the Rock via Chris Saulit. Click photo for a larger view]

Alcatraz is looking to get some upgrades so that more of the island can be accessible to visitors. Golden Gate National Recreation Area spokeswoman Alexandra Picavet said that the organization's plan has some ideas that would provide direction for the island for the next 20 years. "To better reveal the early military prison period, the guardhouse could be restored by removing the later boathouse addition," the GGNRA document said. "Other areas would be rehabilitated for visitor services and administrative functions and could include modest dorm-like over accommodations for participants in education, conversation, and stewardship programs." Another plan would give visitors the ability to explore the Parade Grounds on the southeast end, but that's already being met with opposition. "We do not encourage expanding to open concessions or overnight stays," said Norren Weeden of the Golden Gate Audubon Society. "When birds have access to human food, it can create problems. Some birds are very clever and learn to take advantage of human food." The draft document is available for public comment through Nov. 7. A final version is expected to be completed by spring and presented to the GGNRA’s regional director for approval by next fall.
· Proposed improvements would increase access to Alcatraz [SF Examiner]
· Proposed Alcatraz Improvements Could Let You See More Of It [SF Appeal]


View the original article here

Saturday, September 10, 2011

Mercer Island Under $1M: The Seattle suburb of Mercer Island...

× Like us and you'll find top breaking news in your Facebook newsfeed. Sign up for our daily email newsletter and get top stories and breaking news delivered to your inbox. Friday, September 9, 2011, by Rob Bear

? Back to top

? Previous: Suburban Chicago's Le Grand Rêve Set for Pre-Halloween Auction


View the original article here

Tuesday, August 9, 2011

On the Market: Summer Homes on Fishers Island, Blue Blood Not Required

× Like us and you'll find top breaking news in your Facebook newsfeed. Sign up for our daily email newsletter and get top stories and breaking news delivered to your inbox. Tuesday, August 2, 2011, by Rob Bear

The summertime haven of Fishers Island, located off the eastern Connecticut coast but belonging to New York, has been a retreat for blue-blooded preppy types for years, in part due to its out of the way location. Commuting from NYC requires a three-hour drive to New London, Conn. (two-hours from Boston) and a ferry or private plane service into Elizabeth Field. Convenient for those who draw their checks from a family trust, not so much for the workaday nouveau riche. The real estate, however, is alluring, the product of old money's penchant for preservation, and you'll get more for your money here than in the highway-, train-, and Jitney-fed Hamptons. This waterfront estate—5,000 square feet on 11.4 acres—features a deep-water dock, seven bedrooms, and an unusual outbuilding—a stellar observatory built in 1930, complete with refracting telescope—for $3.5M.

? Lacking a true water view, the Hilt House, as this shingled manse is known, comes in at a much lower price point than the sprawling estate above, but it makes up for the wooded views with classic architecture and unmolested interiors. The wall-to-wall carpeting will have to go, but one has to assume there's some gleaming hardwood hiding under there. The three-story five bedroom is asking $775K.

? This place might have the wood floors already exposed, but the rest of the house could use a little work. At least that classic facade is still largely intact, though some of the more ornate detailing has gone by the wayside. How do we know this? This listing agent is kind enough to include a yellowed photo of the house in its heyday. The $519K price tag should leave enough for the touch ups.

? This six-bedroom house might not be furnished to everyone's taste, but the interiors are well-kept and the swimming pool, with its surrounding stone patio, cabanas, and hedges, is one of the best on the island. If you want the best, expect to pay. This island pad, despite having no water view, is priced at $1.8M.

? This classic cottage, though it sits on just a third of an acre, commands a $1.5M price tag thanks to a peek at Long Island Sound through old growth trees. The location on Mansion Hill across from the Hay Harbor Club affords easy access to diversions like golf and tennis and proximity to the docks, while seven bedrooms ensure the next owner could fill his or her score card for the summer.

· Observatory Estate [Mystic Isle Realty]
· The Hilt House [Mystic Isle Realty]
· Hansen House [Mystic Isle Realty]
· Brooks Point Road [Mystic Isle Realty]
· 8 Mansion Hill [Mystic Isle Realty]


View the original article here

Friday, August 5, 2011

Friday, July 29, 2011

[Fragile Stability] 2Q 2011 Long Island Report Available For Download


[click to open report]

The renamed “The Douglas Elliman Report: Long Island Sales 2Q 2011” was published today. It is part of a report series that we have authored for Prudential Douglas Elliman since 1994.

You can build your own custom data tables with the new data.

Here’s an excerpt from the report:

…After considering the impact of the federal homebuyer tax credit that expired in April 2010, the second quarter housing market would be considered generally stable as the price indicators showed mixed results. In addition, both the number of sales and price indicators in the second quarter were driven higher as a result of the stimulus program and therefore comparisons against that period doesn’t reflect parity. The median sales price of a Long Island property that sold in the second quarter was $350,000, down 2.8% from $360,000 in the prior year quarter and unchanged from the prior quarter. Average sales price was $436,143 in the second quarter, 3.1% higher than $422,832 in the prior year quarter but slipped 0.7% from $439,085 in the prior quarter…

Note: I reorganized the submarkets based on your market feedback, removing Middle Island/Nassau, renaming North Shore to North Shore (Nassau) and adding North Shore (Suffolk), South Shore (Nassau) and South Shore (Suffolk). The historical for the 3 new sections was built going back to 1Q 2010.

Other reports we prepare can be found here.

2Q 2011 Long Island Sales Report [Miller Samuel]
Long Island custom data tables [Miller Samuel]


View the original article here

Saturday, June 11, 2011

On the Market: Bernie Madoff's Brother Tries to Unload Long Island Estate

× Like us and you'll find top breaking news in your Facebook newsfeed. Sign up for our daily email newsletter and get top stories and breaking news delivered to your inbox. Thursday, June 2, 2011, by Sarah Firshein

It took a while for his Palm Beach property to finally sell, but it's no surprise to see another of Peter Madoff's pricey properties pop onto the market, what with the astronomical sum of cash owed to the victims of brother Bernie's Ponzi scheme through lawsuits and such. His Old Westbury, N.Y., home is now listed for $6.495M and boasts five bedrooms, an elevator, a gunite pool, and a tennis court, according to the listing, which also claims there's "Too Much To Mention!" Prophetic words in this context. But as we've seen before, karma apparently has more of a bark than a bite.

· Karma Apparently Not a Bitch For Bernie Madoff's Sister-in-Law [Curbed National]
· Peter Madoff Lists Old Westbury Mansion [Newsday via The Real Deal]
· 34 Pheasant Run [Daniel Gale Sotheby's]


View the original article here

Friday, June 10, 2011

Thursday, May 26, 2011

Treasure Island Gets Naked: In the vein of the old...

× Like us and you'll find top breaking news in your Facebook newsfeed. Sign up for our daily email newsletter and get top stories and breaking news delivered to your inbox. Monday, May 9, 2011, by Abby Pontzer

? Back to top

? Previous: Laundry to Landscape


View the original article here

Sunday, April 24, 2011

Behold Arc Island: Oh, people and their big $50K...

× Like us and you'll find top breaking news in your Facebook newsfeed. Sign up for our daily email newsletter and get top stories and breaking news delivered to your inbox. Tuesday, April 12, 2011, by Sarah Firshein

Screen-shot-2011-04-12-at-12.16.42-PM.jpgOh, people and their big $50K ideas! Basically, self-described "serial entrepreneur" Ben Way has endeavored to raise funds for Arc Island, the "largest civil engineering project in history" that's an "entire floating structure the size of Manhattan that can be moved to different locations in the world, can be built upon and using a completely modular approach expanded as it grows." Amazingly, when we stumbled upon the Kickstarter site, more than $3,600 had been raised. [Kickstarter via Gizmodo]


View the original article here

Tuesday, April 12, 2011

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