Forget McMansions — these wealthy homeowners dig McBasements

When city or county restrictions are cramping their styles above ground, luxury homeowners are taking matters into their own hands and building out the basements of their wildest dreams. Continue reading

Cash still king as nearly a third of homebuyers spurn costly mortgages 

All-cash home purchases in the U.S. hit 31.4 percent of all transactions in July 2022, just short of an eight-year high reached in February 2022, according to new data released Friday by Redfin. Continue reading

Hamptons home slated for completion in 2024 seeks $50M

The property, developed by renowned LA-based architect Roman James, will sit on seven acres of land at the highest point in Water Mill, New York, offering stunning 280-degree views. Continue reading

Palm Beach, Malibu clinch biggest luxury beach sales of 2022 (so far)

Palm Beach, Malibu and the Hamptons drew luxury homebuyers seeking more tranquil post-pandemic lifestyles, according to an Inman analysis of the top 10 beach transactions since October 2021. Continue reading

NYC nears record levels, Miami rivals Palm Beach: SERHANT.

The super-prime market remained resilient, although low inventory and stock market volatility impacted buyers a bit during the second quarter, SERHANT.’s Garrett Derderian said. Continue reading

In luxury real estate, agents with green thumbs reap what they sow

From ficus hedges and podocarpus shrubs to palm trees and bamboo, real estate agents can boost their bottom line with a basic knowledge of landscaping and how it can improve clients’ privacy. Continue reading

Brown Harris Stevens sets Rhinebeck, NY, storefront opening

The brokerage also revealed that associate broker Lisa Fountain will be the office’s executive director of sales. Continue reading

Home owned by Dolly Lenz has ties to Brad, Angelina and the paparazzi

Sold earlier this week for $13.6 million, the former Douglas Elliman vice chair’s home boasts eight bedrooms and a Hollywood connection to Brad Pitt and Angelina Jolie. Continue reading

Los Angeles agent Carl Gambino moving New York team to Compass

Carl Gambino, who has advised 2 of the 3 Jonas Brothers as well as Alex Rodriguez and Jennifer Lopez, is signing on with Compass in New York and leaving the Modlin Group, it was announced this week. Continue reading

Serhant. to launch new office in the Hamptons this summer

The new office location, “Serhant. House Hamptons,” is expected to open in summer 2022 and will help bolster the firm’s existing operations in the luxury market outside of New York City. Continue reading