A Neoclassical Touch on Summerhill Townhome

January 31, 2010
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The sumptuous neo-classical residence offers three bedrooms and five bathrooms, a private elevator servicing all four levels that includes the finished basement are plus factors of this property.

For years, the scene of a dilapidated rooming house among multimillion-dollar estates greeted residents entering the western stretch of a popular street off Yonge Street in the Summerhill community.

However, two striking three-storey homes that include one with a unique neo-classical limestone façade newly replaced the century-old property – likely one of the oldest on the block.

Mr. Kholodov declared he believes the townhouse-like design will be a big selling feature, which may only be surpassed by its desirable location close to the subway, upscale…

An Expensive New Pad for Taylor Swift

January 20, 2010
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Taylor Swift recently became an owner of the luxurious apartment in Nashville, Tennessee.

The famous “Love Story” singer paid $1,990,000 on her new 4,062 square foot pad that has three bedrooms and 4.5 bathrooms.

Aside from racking up new purchases, Ms Swift recently took to her myspace blog to express her gratitude for friends and family. The blonde cutie wrote, “Thank you January. I have had this month off. I have walked on snow-covered grass and discovered new coffee shops and laughed hysterically with friends about things that probably weren’t technically funny. “

“I’ve written songs on napkins and sat at a giant table with my whole family on my mother’s birthday, all…

NYC’s Skinniest House Sold for $2.1 Million

January 20, 2010
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A town house known to be New York City’s skinniest has been sold for $2.1 million.

The red, 9 ½ foot-wide, 42 foot-long brick building in Greenwich Village was built in 1873 on land used as an alley between homes. The said town house was first listed last August for $2.7 million. The two-bedroom, two-bath home was sold for $1.6 million last 2000.

A plaque on the narrow Bedford Street home notes poet Edna St. Vincent Millay once lived there; so did anthropologist Margaret Mead.

The newly sold building was listed on real estate Web sites Wednesday as a rental available for $10,000 a month. An e-mail seeking comment from the listed rental…

This Summer Watch Out for the James Hotel

January 15, 2010
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A new hotel will rise this summer!

The James New York, part of a new boutique chain owned by Denihan Hospitality Group, is scheduled to launch this summer, one of several hotels opening in the city this year regardless of the struggling commercial real estate market.

The room rates in the soon to open 20-story, 114-rom hotel will start at $229. The hotel will be located on the corner of Grand and Thompson streets in Soho. The third-floor lobby will have views of LentSpace – a public art park across the street and the roof will feature a pool and lounge. The James is also planning a restaurant with a yet-to-revealed celebrity…

Former Jets Quarterback Sells Oyster Bay Cove Mansion

January 12, 2010
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The former Jets quarterback, Vinny Testaverde, has sold his Oyster Bay Cove home for $3.1 million, according to the Long Island Real Estate Report.

Vinny Testaverde has first listed his property for sale in October 2007 for $6.995 million. He has put down the price for several times, the most recent was put down to $3.995 million.

The 13,000-square-foot gated center hall Colonial mansion has six bedrooms, a gym, a sauna and a steam room. The mansion also features a movie theater, a basketball court and a heated gunite pool with a 20-foot waterpool.

Testaverde and wife, Mitzi, now live in Florida in a mansion they paid $4.5 million for in 2007.

The Advantages of Having an Architect to Design and Build Your Own Piece of Haven

January 12, 2010
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Having an architect to design your own piece of haven is one of the biggest decisions to take into consideration. Most people do recommend hiring one, while there are others who would like to go through the entire thing without any professional help.

What they don’t realize is that there are a lot of advantages in getting an architect to build your dream home. Here are the advantages of getting a professional help from an architect.

“Professional” Help

The word professional itself says it all. An architect is a person who is qualified and certified in designing and building homes. He speaks the language of home building much better than you. In fact,…

Ka Nehe Place in Kuki’o Up for Auction

January 12, 2010
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Nowadays, news media has been buzzing around for the upcoming auction of a Hawaiian home owned by Cher but it is not the only home that is up for auction. Also part of the January 18 sale from Concierge Auctions is the Kuki’o Golf and Beach Club and Residences.

This property is being sold absolutely without a minimum bid or reserve. The home at 72-3209 Ka Nehe Place in Kuki’o was designed and furnished by its owner, architect and interior designer Jennifer Day. It was previously offered for $8.45 million and has expansive ocean views.

The approximately 8,500-square-foot home has 20 rooms and seven lanais for appreciating Hawaii’s balmy weather. The property…

Madonna Buying a Hamptons Farm?

January 8, 2010
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Madonna - a material girl or a country girl?

Early this year the material girl, Madonna, acquired two town homes on the E 81st on New York’s Upper East Side. According to the report, the two-entry Georgian mansion was sold for $40 million and is one of the most expensive sales on the Upper East Side.

The four story town home will require a number of renovations and security upgrades before Madonna moves in but its 13 bedrooms, 14 bathrooms, a two-car garage, 3,000 square feet garden, nine fireplaces, wine cellar with a grotto and an elevator are already treasures. All of these are in Manhattan.

At the present, Madonna has reportedly obtained…

The Difference Between Real Estate Recovery and Stopping the Flow of Blood?

January 8, 2010
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Chip Case, founder of the Case-Shiller Report, has a great observation of the housing market shared in an interview.

“We have to distinguish between a recovery, and stopping the flow of blood,” clarified Case. “We’ve had falling house prices for quite a while, and now have four to five months of stability. That stability is very good for the mortgage market.”

“But, if prices continue to fall, then mortgages in 2008 and 2009 turn bad. And if they turn bad, then the financial sector is back in hot water. That’s the big worry. If we can stabilize house prices, though, and get them up a little bit and start writing some good…