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Real%Estate%Media%Highlights%2017%
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Contact: Spencer Castillo Office: 310.664.8843 Email: scastillo@discovercrc.com
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November 2016
Eddie Redmayne Believes in magic
Light Show
Searching for the northern lights from Swedenâ&#x20AC;&#x2122;s Icehotel
The Good Life
How Tony Bennett got his start
Grudge Match
The biggest college football rivalries, ranked
My Second Home
Jackson, Wyoming 15280 S. Wagon Road
For the select few who crave the isolation of the woods for a party of one, kudos. For the rest of us, this 3,000-square-foot luxury cabin, complete with four bedrooms, 4.5 bathrooms, and 20-foot vaulted ceilings, is nothing short of the ultimate clubhouse for family, friends, and friends of friends. Located on the second fairway of the Snake River Sporting Club, the cottage’s open floor plan is circled by nearly 750 feet of exterior decks that offer a killer backdrop of Bradley Mountain. $2,450,000, snakeriversportingclub.com
Indoor and outdoor living are one and the same at this Hawaiian paradise HIDEAWAY+IN+HAWAII+
Hualālai Resort, Hawaii 72-122 Hainoa Place
The Basics: Looking for a private getaway on the Big Island? This four-bedroom condo overlooks the rugged lava fields that line the Kona Kohala Coast. The airy floor plan is designed to mesh with the lush island surroundings just outside: Massive 24-foot sliding doors lead from the main room onto a large lanai, the covered terrace popular in Hawaiian architecture. After sun salutations on the shaded patio, dive into the infinity pool for morning laps. The Extras: Odds are the whole family will want in on your new island life. A separate media room can distract the brood, while a detached guesthouse can accommodate those extended !!" " November 201 6
stays by the in-laws. When it’s time for the gang to get together, hold an evening cookout on the open lawn, where you can watch fiery ocean sunsets reflect off the pool. The Lifestyle: Hualālai Resort embraces the Big Island’s lush flora, eschewing overdevelopment for open spaces and intoxicating views. In other words, from where this property sits—on the first fairway of the Ke’olu Golf Course, named one of the top four courses in Hawaii—the idyllic view is a permanent offering. If you must make contact with civilization, the members’ only Mauka Clubhouse, just a short walk away, offers the finest Mediterranean and coastal dishes in the region. $4,575,000, hualalairealty.com
UNITED+OFFERS+YEARROUND+FLIGHTS+TO+HILO+ FROM+LOS+ANGELES+AND+ TO+KONA+FROM+BOTH+ LOS+ANGELES+AND+SAN+ FRANCISCO﹐+PLUS+ SEASONAL+SERVICE+TO+ KONA+FROM+DENVER﹒+ GO+TO+UNITED﹒COM+TO+ PLAN+YOUR+ESCAPE﹒
Las Catalinas, Costa Rica 17 Paseo del Mar
This beachfront four-bedroom, 4.5-bathroom mansion is called Casa Sirena (“Mermaid House”) for good reason: It’s just steps away from the black-sand beach of Playa Danta and offers a breathtaking view of the Gulf of Papagayo. The courtyard features a jacuzzi and a stately fountain that flows beneath the entry path and into a turquoise saline pool. The interior boasts multiple open-air living spaces and a domed ceiling of coralina stone. $2,900,000, lascatalinascr.com
David J. Swi! (log cabin)
Big Island, Big Escape
Start your day with morning laps in your private infinity pool
Story Nathan Pemberton
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Jim!Dobson! January!2,!2017! ! ! ! ! ! ! ! ! ! ! ! ! ! !
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Landing by private jet into the sparkling clean and updated Cabo San Lucas airport is a breeze. A private VIP area is set apart from the crowds of tourists and outside the lounge awaits the SUV with cold towels, water and comfort for the easy 45-minute drive to paradise. My idea of paradise is a beach that is tranquil, secluded, private and away from the throngs of drunk tourists. A place where you can truly relax and enjoy the simple pleasures of life and marvel at the beauty of nature. I found this place, and I am truly reluctant to share it with anyone for fear I will lose the chance to return and experience this hidden gem again. But it is so special, that I hope you will someday get to experience it. The new Four Seasons Hotel and Residences in Costa Palmas is a property that will take your breath away. ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! !
Costa Palmas is a brand new, 1000-acre private beachfront resort community on two miles of quiet beach on the Sea of CortĂŠs, located just outside of Cabo San Lucas. Surrounded by organic orchards and farms and including a stunning 250 slip deep-water marina, the area will be home to an all-new Four Seasons Resort and Private Residences Los Cabos, a Robert Trent Jones II 18-hole golf course, and the Costa Palmas Beach & Yacht Club with space for superyachts up to 250 feet. This will ultimately become one of the more exclusive
billionaire retreats, considering the current popularity of neighboring La Paz, which hosted a dozen of the wealthiest families and their superyachts over New Year's Eve. ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! !
In 2018, Four Seasons in conjunction with Los Angeles-based Irongate development, headed by Jason Grosfeld, will open its very first property in Los Cabos, Mexico. Grosfeld is involved in the acquisition, financing and development of high-end commercial properties in Los Angeles and elsewhere. Among his high profile properties in Hawaii are the Watermark and The Ritz-Carlton Residences, Waikiki Beach. ! ! ! ! ! ! ! ! ! ! ! ! ! ! !
I spoke with Jason Grosfeld in a long-range interview about his plans for the new Costa Palmas property and his thoughts for the future of the area. What first attracted you to the Costa Palmas property? “I first saw the property 10 years ago, a friend of mine owned it and I never got it out of mind. The combination of three key factors when you're a resort developer are; proximity to a major international airport, deep white sand beach with swimmable and safe water for kids, and is it unique for the area. Most areas have miles and miles of resorts stacked up, so what’s particularly unique about this part of Baja is that our beach faces north up into the Sea of Cortes, so it’s incredibly protected. What that affords us is still water like a lake for most of the time. It’s kind of Caribbean style, magical clear water with a sand bottom. There is no algae, no coral, and its pure sand on the bottom of a shallow, easy sand bar shelf for 50 meters."
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Ron!Johnson!and!his!wife,!Susan,!had!been!vacationing!in!Hawaii!for!years,!first!at!the!Four!Seasons!and!then!in!a!home! they!purchased!in!the!Kona!district!of!the!Big!Island.!Four!years!ago,!they!purchased!a!series!of!plots!in!the!Hualalai! Resort,!a!gated!community,!club,!and!resort!on!the!northwest!side!of!the!island!with!the!aim!of!developing!them!and! flipping!them!for!a!profit.! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! After!a!year!or!two!of!sitting!on!one!property!without!developing!it,!the!couple!decided!that!they'd!rather!build!a!house! there!for!themselves.!"Something!more!grand!that!really!captured!the!essence!of!Hawaii,"!said!Johnson,!who's!the! president!and!chief!executive!officer!of!Central!Bancorp,!a!group!of!financial!companies!based!in!Colorado!Springs.! "Stone,!fire,!waterâ&#x20AC;&#x201D;those!are!the!interesting!elements!here!in!Hawaii,!so!we!tried!to!emphasize!those!in!the!house.!
After!14!months!of!construction!("everything!has!to!come!here!on!a!boat,"!Johnson!said.!"There's!very!little!on!the! island!other!than!lava"),!the!couple!moved!in,!in!October!2015.!They've!been!able!to!enjoy!the!house!for!a!year,!but!now! financial!considerations,!said!Johnson,!have!made!it!necessary!to!sell.!"Life!sometimes!takes!turns,!and!I!find!myself! needing!to!stay!more!engaged!in!our!group!of!businesses,"!he!said.!"This!isn't!the!right!time."! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! He's!placed!the!home!on!the!market!for!$14.95!million.!Buyers!will!find!a!pristine!home!with!7,000!square!feet!of!indoor! space!and!another!2,400!square!feet!of!"Lanai"!area,!a!term!that!denotes!a!covered!(albeit!outdoor)!living!space.! Including!the!house's!garage,!the!home!covers!a!total!of!10,540!square!feet.! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! The!house!was!built!with!mahogany!trim,!marble!floors,!and!cedar!beams,!and!the!light!fixtures,!Johnson!said,!are! customXdesigned!for!the!house.!(Its!interior!was!designed!by!Gina!Willman,!a!HawaiiXbased!interior!decorator.)!There! are!five!bedrooms,!five!bathrooms,!and!two!halfXbaths.!In!addition,!there's!also!a!large!home!office,!a!media!room!with! soundproofing!("I!have!a!stereo!habit,"!said!Johnson),!and!a!large,!central!living!area!with!a!kitchen,!living!room,!and! dining!room.! !
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for CHRISTINA HENDRICKS GENERATIONS XX! MEET OUR WOMEN OF THE YEAR // COURTSIDE WITH THE LAKERS’ JEANIE BUSS PLUS: DONATELLA VERSACE, GAME OF THRONES’ ALFIE ALLEN, BETHANY MOTA, AND DISNEYLAND DELUXE!
HAUTE PROPERTY Realty Check
Surf & Turf THIS SUMMER’S PRIMO OCEANFRONT PROPERTIES? CATCH THE WAVE FROM MALIBU TO MAUI TO MIAMI! BY KATHY A. MCDONALD
Who isn’t entranced by sea breezes and ocean views? Beachfront digs can be full-time residences, second homes, or investment properties—but no matter their use, the bottom line is they’re expensive. In Malibu, current pricing can top $4,250 per square foot depending on the swath of sand (Billionaire’s Beach earned its moniker due to its high-net-worth residents). Preferred out-of-town options for Los Angeles’ high-end buyers—Maui for the sporty set, Miami Beach for art lovers—combine ease of access, beachfront living, and exotic coastal cultures. “Malibu is now a destination,” says Jennifer Chrisman, founding partner of Partners Trust Malibu (themalibu life.com). No longer a sleepy beach town, the city has evolved into a buzzing entertainment industry hangout that attracts international buyers. (The area’s unconfirmed highest-priced deal to date was an un-MLS-listed $75-million sale of a 9.5-acre Encinal Bluffs compound to an anonymous Russian buyer.) New restaurants (Nobu Malibu and Mastro’s) and improved shopping (Malibu Beach House, Lanvin, and Intermix) have energized the city’s entertainment options. As a second or vacation- home market, Malibu’s appeal is global. “We have a very strong summer rental market,” notes Chrisman. Monthly oceanside rentals range from $45,000 to $200,000 in the peak summer season; investors are attracted to the almost-guaranteed income. Chrisman is repping Farrah Fawcett’s former beach house on Malibu Road, ideally situated on the deepest section of the beach, leasing for $150,000 per month in July and August. Malibu’s luxury residential real estate inventory is so limited and building restrictions so omnipresent, most amenities (pool, tennis court) can’t be replicated under current restrictions:
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hence the upward-trending prices. “Malibu’s prices are always high,” says real estate agent Jennice Ann Tronciale of Sotheby’s (sothebys.com). Her $12.995 million listing is a bit of rarity: a complete makeover (down to the studs) of an oceanfront multilevel on La Costa Beach (21660pch.com). It’s now thoroughly contemporary, with 3,000 square feet of sleek interiors and glass walls facing the sea. The turnkey property suggests buyers need only bring their swimsuits. The effortless beachy lifestyle is most sought after in cities where downtime is so precious. On the western coast of Maui, Hawaii, the Montage Residences Kapalua Bay are proving an ideal getaway for Southern California buyers. “The residences incorporate the really unique natural environment and are oriented towards the outdoors, maximizing views,” explains Tina Necrason, vice president of residential for Montage Hotels & Resorts (montageresidences kapaluabay.com). Overlooking the emerald-green waters of scenic Kapalua Bay, the 54 Montage residences can be purchased fully furnished; they range from 2,700 to 4,000 square feet, and pricing tops out at just over $8 million. The four-bedroom option is proving most popular, notes Necrason, reflecting the trend towards extended multigenerational families vacationing together. The resort’s diversions are almost endless, from hiking West Maui’s mountains to spa visits to virtually every water sport. “When it comes to second homes, people have their spot they are very loyal to,” says Erika Alm, principal at the real estate firm PowerPlay Destination Properties, which oversees sales of the Makai Collection at Kaanapali Beach, Maui’s Honua Kai Resort & Spa (makaicollection.com). “They develop a strong affinity to a
FROM TOP:
The late Farrah Fawcett’s Malibu Road beach house (ABOVE, CENTER), situated on an expansive stretch of sand, is leasable for July and August for a breathtaking $150,000 per month; an open-air living/ dining room at the Montage Residences Kapalua Bay on West Maui; the LA art crowd is grabbing up high-end digs, like those at the Shore Club (MIDDLE BUILDING), in hotter than ever Miami.
place over time.” For LA visitors (and buyers), Maui is an easy step into a tropical climate. Priced from $3 to $3.8 million, the Makai Collection is the quintessential beachfront option, with see-through glass balcony walls, smart home automation (unusual for Maui), and open-plan kitchens with designer finishes. What holds true for Maui—no change of currency is required for a journey yielding a vibrant multicultural beach destination—is doubled down in Miami Beach, where prime oceanfront properties are selling like mad. (Art maestro Larry Gagosian reportedly bought into the high-profile, 18-story Faena House, an almost immediate sellout, despite its north-of-
$3,000-per-square-foot price.) “The high-end submarket of Miami Beach is [suddenly] attracting Angelenos and other high-net-worth buyers because Miami has become a global destination,” explains Horacio LeDon, president of Douglas Elliman development marketing, Florida and California. These luxury plays are in high demand, adds LeDon, whose firm is repping the 75 tony residences at South Beach’s Shore Club (thenew shoreclub.com), which will have expansive ocean-facing terraces when they’re completed in 2017. He adds, “These buyers will snap up good properties as quickly as we can roll them out.” Surf’s up and checkbooks are out. LAC