Browsing All Posts filed under »luxury real estate«

Sea Island Resort Acquired for $212.4 Million

October 25, 2010

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  The assets of Sea Island Co., the Georgia resort that fell on hard times and filed for bankruptcy protection in August, will be acquired by four firms for $212.4 million. The winning bid was submitted Monday night after an eight-hour auction at Atlanta law firm, King & Spalding. The bid has the approval of […]

Celebrity Spotlight – Actor Richard Chamberlain’s Maui Manse for Sale

October 22, 2010

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If the beauty of life is in the details, herein lies true beauty. Stunning and meticulous, this home welcomes you from the moment you enter. This masterpiece was designed for this world renowned celebrity and features only the finest materials and architectural design elements.  This elegantly casual estate, private and secure, overlooks the white sands […]

U.S. Housing Market Recovery Mirrors Strengthening Dollar

October 21, 2010

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As Secretary of Treasury Tim Geithner wrestles with global current exchange rates, so does the U.S. housing market. According to new data from currency specialist Moneycorp, the currency market has a major bearing on the fortunes of US realtors. The data indicates a clear correlation between the currency fluctuations of the USD and GBP against […]

Heat Star Chris Bosh buys Miami Beach Home for 12.5 million

October 21, 2010

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Chris Bosh just bought a Miami Beach home on North Bay Road for $12.5 million. The 26 years old NBA basketball star join ed the Miami Heat in July of this year, and was reported to be looking at Miami Beach homes, when it was announced today that he purchased the property located at 6396 […]

Discovery Land Company to Close $600 Million in Sales This Year

October 20, 2010

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(SCOTTSDALE, AZ) — In the midst of a historically sluggish real estate market, Discovery Land Company has sold nearly $600 million in real estate in the last 12 months across its six actively selling private club communities in North America. Discovery Land, regarded as one of the leading developers of private golf and country club […]

Island Elegance – The Landings, St. Lucia

October 20, 2010

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While investors in Sunbelt real estate have watched their property values slip and slide over the past year, those who discovered the tiny island of St. Lucia have smiles on their faces. At prices that are as much as 60 per cent lower than on nearby Barbados, St. Lucia’s property values have increased 40 per […]

‘Ultimate Escapes’ Destination Club Files for Bankruptcy

October 19, 2010

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Ultimate Escapes, one of the largest luxury destination clubs in the world, filed for bankruptcy last week, the latest blow to the struggling residence exchange industry. In a court filing, Florida-based Ultimate listed assets of $10 million to $50 million and debts ranging from $100 million to $500 million. Earlier this month chief executive Jim […]