THE RISE OF YUJA WANG MARTYN LAWRENCE BULLARD’S OBJECT OF DESIRE LUXURY LIVING WORLDWIDE | 2015 Edition 3 We Are Luxury For more than 80 years, Coldwell Banker Previews International® has built a leading reputation for marketing the world’s most extraordinary homes. Today, over 88,000 independant associates in 43 countries are working for you, so the sun never sets on our world — or your home. Discover the exceptional service and proven results that come from listing with a seasoned Previews® Property Specialist. COLDWELLBANKERPREVIEWS.COM © 2015 Coldwell Banker Real Estate LLC. All Rights Reserved. Coldwell Banker Real Estate LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each Office is Independently Owned and Operated. Coldwell Banker, the Coldwell Banker logo, Coldwell Banker Previews International and the Coldwell Banker Previews International logo are registered service marks owned by Coldwell Banker Real Estate LLC. Each sales representative and broker is responsible for complying with any consumer disclosure laws or regulations. CEO NOTES HOMES & ESTATES MAGAZINE he parallels between real estate and art are easy to find. In the last few decades, real estate and art have become the preferred asset classes for today’s high-net-worth individuals. Like collectors, T they scour the globe for their next great find. How do they seek out their next investment? How do they determine the value of a Picasso painting or a prestigious address in San Francisco with no other comparable? With the help of trusted guides. The elite real estate specialists who are backed by Coldwell Banker Real Estate LLC and our luxury marketing program Coldwell Banker Previews International® have been helping high-net-worth individuals navigate the world of fine real estate since 1933. Our global presence is well established and growing, with over 3,000 independently owned and operated franchised broker offices in 43 countries. Our name is respected and recognized the world over. And as for our luxury real estate portfolio? We offer access to some of the most extraordinary properties available on the market today, including one of the top five most expensive estates in the United States: Palazzo di Amore in Beverly Hills, listed at $149 million.* There are thousands of collection-worthy homes represented in this magazine — and even more waiting to be uncovered at www.coldwellbankerpreviews.com. You may notice that our fall magazine has an arts theme. We chose it for the unique parallels to real estate I previously referenced. Our writers have interviewed a world-renowned classical pianist, as well as leaders from a highly anticipated new global museum and a high-end Italian manufacturer that has modernized an ancient art tradition. These stories remind us of the intangibles present in both the art and luxury real estate worlds. Value and beauty at this level are subjective, as many of our esteemed clients show us every day. The cover property in Great Neck, New York, aptly set on Gatsby Lane, is a prime example. As the homeowners reveal in the story, a good real estate investment often takes vision. We share that vision with you today. Budge Huskey President and Chief Executive Officer Coldwell Banker Real Estate LLC *Sources: Forbes.com, December 2014; Los Angeles Times, November 2014; Daily News, June 2014. 2 | Homes & Estates INSIDE 2015 EDITION 3 HOMES & ESTATES MAGAZINE ON THE MARK NORTH SHORE NOBILITY Vice President of Coldwell Banker Previews Chicago’s noble past unfolds in a picturesque International®/NRT covers the art and science lakefront Tudor. of luxury real estate. HITTING THE HIGH NOTES FORCE OF NATURE A ranch once owned by the late Joe Cocker Acclaimed classical pianist Yuja Wang talks finds harmony in Colorado. music, fashion and her next album. PRIVATE PLACES HAUTE ON THE HILL A UNIVERSAL APPROACH 1stdibs founder Michael Bruno tours a A ski-in/ski-out luxury condo-hotel nestled Louvre Abu Dhabi readies for its modernist haven in Beverly Hills. at the base of Colorado’s Assay Hill. long-awaited debut. LUXURY LUMINARY JEWEL OF RANCH SANTA FE STATEMENT PIECES Maison Gerard’s Benoist F. Drut reveals the secrets An equestrian estate by a thoroughbred Italian jeweler and mosaic tile manufacturer behind the gallery’s enviable collection. racing legend triumphs near San Diego. Sicis on modernizing an ancient art form. MONT D’ARBOIS OBJECT OF DESIRE Alpine charm and modern luxury meet in a Famed interior designer Martyn Lawrence majestic French hideaway. LUXURY MARKET REPORT Bullard tempts with a new collection for Daum. Luxury is still hot — Coldwell Banker ranks the top 20 cities for million-dollar listings and sales in the United States. HISTORY OF THE HARBOR Boston’s oldest neighborhood shines bright with a designer waterfront penthouse. PREVIEWS INSIDE OUT An inspiring section of stories covering Yuja Wang, Louvre Abu Dhabi and other global art visionaries MAIN LINE MYSTIQUE around the world. A classic stone farmhouse and park-like setting entices in Pennsylvania’s Lower Merion Township. COVER PROPERTY A Palladian villa in Great Neck, New York, recalls the elegant grandeur of F. Scott Fitzgerald’s BEAUTY OF BAYSHORE “The Great Gatsby.” The largest estate on Tampa’s most prized boulevard epitomizes grace and elegance. PROPERTY INDEX HOMES & ESTATES MAGAZINE France 38 Italy 40 Bermuda 42 Bahamas 43 Jamaica 43 Cayman Islands 44 Canada 44 Massachusetts 49 New Hampshire 61 Rhode Island 62 Connecticut 63 New York 78 New Jersey 87 Pennsylvania 97 Maryland 100 Virgina 103 Washington D.C. 105 Florida 111 Georgia 119 Texas 142 Illinois 151 Minnesota 154 Missouri 157 Ohio 160 Northern California 169 Colorado 176 Hawaii 178 Utah 182 Southern California 187 Arizona 198 Corona del Mar, California 6 bedrooms, 6 full and 1 half baths | $22,999,000 Represented by: Georgina Jacobson more details on page 195 ON THE MARK arketing the world’s finest estates is both a science and an art. made it clear: real estate is not just a powerful wealth asset, but also It demands an experienced real estate professional — one who a valuable lifestyle investment. When you combine that with the results Mis well networked, discreet and knows how to cross oceans from our forthcoming Wealthy Consumer Survey, which found that 38% of (whether physically or digitally) to reach the wealthiest individuals. The a high-net-worth individual’s net worth comes from residential real estate, Coldwell Banker Previews International® luxury marketing program there is little doubt that real estate’s depth is far-reaching and enduring. has been perfecting the art and science of luxury real estate for over eight decades. We continue to seek out premier opportunities to expose Where does the art of luxury real estate marketing come into play? As our Previews® listings to qualified high-net-worth buyers, including a many of our property specialists will tell you: at the relationship level. They new partnership with luxury real estate website Mansion Global. We also have made it their life’s mission to cultivate long-term relationships with continue to strategically expand our geographical footprint to our clients’ their clients, to understand their passions and most pressing concerns sought-after global destinations. We monitor luxury real estate data as and, above all else, to help guide them into their next life journey. Their well, in order to keep our Previews property specialists ahead of market track record of connecting today’s discriminating buyers with prized trends. estates across the globe is well established and captured in the many stories of this magazine. When you look at our exclusive coverage of the fall 2015 Luxury Market Report, you’ll get a snapshot of our science at work. Cities like New York, Los Angeles, San Francisco and Chicago have always exhibited strength at the high end and continue to do so this year. Yet, we are also beginning to see Houston, Dallas, Atlanta and Seattle show growth in million-dollar sales and listings as their luxury housing markets mature. When it comes to the ultra-luxury sector, eight-figure sales and listings have typically occurred along coastlines: California, Florida, New York, Hawaii. But even that is beginning to change. What I find most exciting about the recent findings is the affluent real estate market’s expansion into new territories. Whether it can be Ginette Wright attributed to the increasing number of mobile affluent buyers who can Vice President, Luxury Marketing NRT live anywhere they want or a greater demand for “experiential luxury” offered by vacation homes, today’s high-net-worth consumers have 6 | Homes & Estates 2015 EDITION 2 2015 PREVIEWS® LUXURY MARKET REPORT EXCLUSIVE: TOP 20 U.S. CITIES FOR LUXURY HOME LISTINGS AND SALES LUXURY MARKET REPORT 2015 EDITION 2 PREVIEWS® LUXURY MARKET REPORT EXCLUSIVE: Top 20 U.S. Cities for Luxury 2015 Sales Growth Home Listings and Sales uilding on trends from the first quarter $10 million+ homes doubled. Two other affluent of 2015, the luxury real estate market Florida vacation meccas, Delray Beach and Bcontinues its historic rise. Coastal Palm Beach, also appeared on the Top 20 list regions are exhibiting strength as usual, for the first time. On the opposite coast, sales $5M+ SOLD LISTINGS buoyed by stalwarts New York, Los Angeles, of $10 million homes were equally robust. Four IN 3 MARKETS San Francisco and Chicago. Meanwhile, other Southern California cities — Beverly Hills, affluent cities such as Houston, Dallas, Atlanta Los Angeles, Malibu and Laguna Beach — 130 and Seattle have seen growth due to organic all experienced double-digit sales gains in price appreciation. the ultra-high-end, while Pacific Palisades 111 104 saw the most dramatic increase with a 125% 98 The latest findings from jump in sales from last year.