September Compass Luxury Trends with Chris Doucet

THE LUXURY DIVISION Recent significant sales  with Compass 555 N Tigertail Rd,  Los Angeles, CA 90049 7 Bed 8 Baths 1 Half Bath $16,500,000 Represented by  Jonathan Carr and  Ari Afshar 630 Spring Creek Rd,  Basalt, CO 81621 6 Bed 5 Baths 3 Half Bath $9,300,000 Represented by Doug Leibinger 887 Private Rd, Winnetka, IL 60093 4 Bed 6 Baths 1 Half Bath $5,500,000 Represented by Paige Dooley Compass luxury in the news $30 million Mediterranean-style mansion on the tip of Tiburon has jaw-dropping views over the bay The tiny, tony community includes homes in both Belvedere and Tiburon and given those high-end locales, it shouldn't be surprising that it's also home to the second-oldest yacht club in the country. It has less than 60 homes. Penthouse at Miami’s Porsche Tower Lists for $17.5 Million A futuristic penthouse apartment within Florida’s Porsche Design Tower, complete with a private car elevator and a four-car sky garage, hit the market Monday with a $17.5 million price tag. Christopher Plummer’s old Darien estate hits market for $11M The massive waterfront estate at 207-209 Long Neck Point Road is “the perfect escape for a New York family seeking refuge during the pandemic,” said Compass broker Yashmin Lloyds, who is listing the home with Shelly Tretter Lynch, also of Compass. Read more What we are hearing  in  the luxury space  The growth of wealth and the global luxury market are intertwined. In the 15 years running up to 2020, the world’s wealthy population grew in size almost continuously. As wealth grew, so too did the world of luxury. The coronavirus pandemic, however, has brought years of industry growth to a halt.  Ultra-high-net-worth owners of private jets, yachts, or art collections are different from one another. Private jet owners tend to be male, less wealthy and comparatively younger than the other two cohorts on account of many being in the business-building stage of their lives. Private yacht owners show the highest average net worth, while most art collectors are over 70 and show a much higher representation of  women, at 22%. The pandemic is changing the luxury habits of the wealthy.  The growth of online shopping and delivery, enabling luxury services to be provided in the privacy of the wealthy’s homes, will continue, while intangible assets – namely additional passports and on-demand healthcare – will remain a priority. To prosper in such times, luxury brands must be flexible, quick moving and as attentive as ever to the changing demands of their clientele. Source: WealthX Global Luxury Outlook 2020: A World of Changing Preferences  Continue reading Spotlight on luxury  across the country Napa, California Just a short drive from the country’s technology hub of San Francisco and the larger Silicon Valley lies a region perfect for viticulture and year round indoor-outdoor living. From Napa to Healdsburg, Northern California’s wine country has earned its reputation for easy living amidst rolling hills and vineyards. Read more Prestigious properties o n the market 15 W Dune Lane, East Hampton, NY 11937 Designed by Robert Stern the oceanfront property features an 8,000 sqft house with a waterside pool on 2.4 acres. Represented by  Ed Petrie and James Petrie.  14 Bed 15 Baths 1 Half Baths $75,000,000 1288 S Oakland Avenue,  Pasadena, CA 91106 This majestic mansion offers a once-in-a-lifetime opportunity for new owners to complete the interior of Pasadena's finest estate. Represented by  Sabrina Wu,  Aaron Kirman, and  Bryce Lowe.  16 Bed 16 Baths 3 Half Baths $39,800,000 435 Marina Boulvard, San Francisco, CA 94123 Juxtaposed against SF's most iconic backdrop, 435 Marina Blvd stands out as a showpiece of coastal modern design. Represented by  Camilla Moshayedi.  5 Bed 7 Baths  $25,000,000 See more properties Stay up to date with Compass' latest luxury listings and news at LuxuryAtCompass.com. Visit the site Chris Doucet Founding Broker in Seattle M: 206.819.4663 O: Enter Office Phone chris.doucet@compass.com © Compass 2020 ¦ All Rights Reserved by Compass ¦ Made in NYC Compass is a licensed real estate broker and abides by Equal Housing Opportunity laws. All material presented herein is intended for informational purposes only. Information is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description. All measurements and square footages are approximate. This is not intended to solicit property already listed. Nothing herein shall be construed as legal, accounting or other professional advice outside the realm of real estate brokerage.

Compass Luxury Trends with Chris Doucet

THE LUXURY DIVISION Recent Significant Sales with Compass 24910 Pacific Coast Hwy, Malibu, CA 5 Bed | 6 Bath | $21,500,000 Represented by Chris Cortazzo 2529 S Coast Hwy, Laguna Beach, CA 12 Bed | 11 Bath | $12,500,000 Represented by  Azita Sadeghi 40 Gramercy Park, Manhattan, NY 6 Bed | 6 Full Bath | 3 Half Baths | $12,175,000 Represented by Josh Doyle, Josh Wesoky, & Nick Gavin  32 Boulder Vw, Irvine, CA 7 Bed | 7 Full Bath | 2 Half Baths | $10,475,000 Represented by Lena Ghezel Compass Luxury In The News This $100 Million Resort-Like Estate Is The New Jewel Of Bel Air Majestically perched atop a canyon with unobstructed views of Bel Air, this newly built, hillside compound dubbed “UNICA” spans over 40,000 square feet and completely redefines ultra-luxury living. Michael Jordan Lists Chicago Estate For $14.9 Million After ‘The Last Dance’ NBA Superstar Michael Jordan's seven-acre estate is as legendary as His Airness himself. The 56,000 square foot property-equipped with every conceivable luxury amenity-is a physical monument to his tireless dedication and hard work. Read more What we are hearing  in  the luxury space  Despite a loss of momentum in the global economy and a still turbulent geopolitical environment, financial markets saw a bullish performance on the whole. Asia recorded the fastest rise in billionaire numbers in 2019, but North America recorded the most dynamic gain in wealth. The wealth, and the wealthiest in particular, have been expected to step up in this crisis.  Giving was in the form of non-monetary commitments or was made anonymously.  Wealth creation in the Middle East and Latin America and the Caribbean was subdued, with declines in overall Billionaire population.  Source: Wealthx Billionaire Census Regional Luxury Spotlight  New England:  Cape Cod & The Islands This month, we’re taking a closer look at the second home market spanning Cape Cod, Nantucket, and Martha’s Vineyard.  With demand at record highs in a widely non-leveraged seller community, pricing remains strong despite broader economic conditions. After an initial slow-down during the early weeks of uncertainty surrounding COVID-19, demand in the Cape and Islands has come roaring back, outpacing recent years’ activity in some cases.  As summer arrives and urban buyers are increasingly eager to escape the city, low inventory – down 20% YoY – continues to drive tight pricing in the luxury market.  Read more Prestigious Properties  On The Market 8 Hither Ln,  East Hampton, NY 11937 Just moments from ocean beaches, the Maidstone Club and world-class shopping, this move-in ready home sits on 2+/- acres on one of the most coveted streets in East Hampton Village. Represented by  Lori Schiaffino 8 Bed | 9 Bath | 2 1/2 Bath |  $25,995,000 4731 Lake Rd,  Miami, FL 33137 A one-of-a-kind exceptional home, beautifully crafted with exquisite finishes, this Bay Point estate is a modern work of art.   Represented by Betsy Magde and  Marissa Kartheiser.  7 Bed | 8 Bath | 1 1/2 Bath | $12,900,000 See more properties Stay up to date with Compass' latest luxury listings and news. Visit luxuryatcompass.com Chris Doucet Founding Broker in Seattle M: 206.819.4663 chris.doucet@compass.com © Compass 2020 ¦ All Rights Reserved by Compass ¦ Made in NYC Compass is a licensed real estate broker and abides by Equal Housing Opportunity laws. All material presented herein is intended for informational purposes only. Information is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description. All measurements and square footages are approximate. This is not intended to solicit property already listed. Nothing herein shall be construed as legal, accounting or other professional advice outside the realm of real estate brokerage.