20 minute read
Affluent Buyers Will Pay More for Wellness Real Estate
By Alyssa Mammano
An emerging trend in recent years, Health and Wellness have taken root and continue to flourish as focal points in new real estate developments in 2020. The paradigm shift in technology allowing us to live longer lives while also enabling us to adopt more unhealthy, sedentary habits has awoken a movement toward Health and Wellness as a priority in all areas of our lives, including where and how we live. Interest in exercise and healthy habits has risen and continues to rise as we stepped into 2020 and now under a global pandemic, the need for wellness practices both physically and mentally is more important than ever. According to the recently released Coldwell Banker Global Luxury® Report for 2020, affluent buyers are likely to pay more for healthy, eco-friendly amenities where they live.
Nowadays, wellness has outgrown the categorization of simply just exercise and has evolved to include personal care, beauty, anti-aging, mind-body health, pools and spas. As a whole, these products and services have amassed an international wellness market worth $4.5 trillion, according to the Global Wellness Institute (GWI). Of these industries, spas, wellness tourism and the expanding market for wellness real estate have experienced the strongest growth.
Between 2015 and 2017, wellness real estate expanded by 6.4% each year in response to rising demand for residences that centralize holistic health and well-being. Healthy amenities and eco-aware builders allow luxury residences to charge a premium to affluent buyers. Especially among the younger demographic, consumers tend to invest 10% to 25% more in wellness-focused real estate than in alternative options. Representing 1.5% of the total annual global construction market, wellness real estate is projected to attain $198 billion by 2022, according to GWI.
The United States is leading the movement in support of wellness real estate and has reached a market value of $52.5 billion. Following in the trend are China, with a wellness real estate market valued at $19.9 billion, Australia, valued at $9.5 billion, the United Kingdom, valued at $9 billion and Germany, valued at $6.4 billion.
“Awareness and knowledge of the benefits of living in an eco-friendly environment coupled with an industry ready to support the building of wellness real estate will ensure that this segment continues to grow,” says Paul Scialla, a former Goldman Sachs partner who founded Delos. Scialla impresses upon the influence of indoor environments on our moods and well being. He notes that filtered air and water and ample lighting can improve energy levels, sleep patterns and productivity. Poor conditions in these areas can alternatively undermine our efforts to maintain healthy habits. to a study conducted in 2018 by Hanley Wood. People who responded said that having more energy, feeling better and well rested, achieving a happier state-of-mind and increasing mental alertness could all be attained with the incorporation of adequate housing.
While luxury leads the market trend toward wellness real estate in high-end residential buildings and custom homes, astute developers are making the movement a rule rather than the exception to it, which has trickled down to more affordable communities, as well. Inclusion of eco-friendly materials, building practices, wellness features and healthy amenities is on the rise and its growth in popularity likely won’t end anytime soon.
ARIZONA
Tempe
Tina Garcia The Everest Team 602.451.8462 tinasells4u@cox.net www.Tina SellsArizona.com CALIFORNIA
San Diego
Marc Carpenter Allison James Estates & Homes Elite 858.213.7474 Marc@AJElite.com AJElite.com
San Francisco
The Agency Rachel Swann Managing Partner, San Francisco rachel.swann@theagencyre.com 415.225.7743
COLORADO
Denver
Anne Miller The RE/MAX Collection 303.770.5531 Annemiller@remax.com www.TheRemaxCollection.com
Rick Doak American Farm & Ranch 730.399.1911 www.americanfarmandranch.com CONNECTICUT
Shelton
Raveis Team William Raveis Exceptional Properties 877.298.2780 exceptionalproperties@raveis.com www.raveis.com FLORIDA
Big Pine Key
Lisa Ferringo Coldwell Banker Schmitt Real Estate Co. 305.797.1221 LisaFerringo@aol.com UniqueKeysHomes.com
Boca Raton
Ari Albinder Mizner Grande Realty 561.393.7000 ari@MiznerGrandeRealty.com www.miznergranderealty.com
Bonita Springs
Barry DeNicola Barry DeNicola Realty, Inc. 239.947.6111 barryCdenicola@aol.com www.barrydenicola.com
Jacksonville
EXIT Real Estate Gallery S onny Downey | 904.476.8617 R ay Rivera | 904.210.8013 E XITRealEstateGallery.com
N aples
B ill Earls J ohn R. Wood Realty 2 39.261.6622 B ill@billearls.com w ww.billearls.com
C ynthia Joannou B arefoot Beach Properties 2 39.273.0666 C ynthiaJoannou@gmail.com w ww.MyBarefootBeach.com
G ulf Coast International Properties 2 39. 434.2558 v ip@gcipnaples.com w ww.gcipnaples.com
P latinum Real Estate D enise Zervos 1 .833.LUX.PROS w ww.contactplatinum.com
Ocala
Joan Pletcher 352.347.1777 JoanPletcher@aol.com www.joanpletcher.com
Rosemary Beach
Steve and Jan Stevens Rosemary Beach Realty 678.777.8805 teamstevens@rosemarybeachrealty.com
Sanibel
Jim Hall VIP Realty 239.472.5187 jhall@viprealty.com www.viprealty.com
Phaidra McDermott John R. Wood Realty 239.898.3778 info@sanibelrealestate.net SanibelRealEstate.net
Michael Polly Royal Shell Real Estate 239.472.0078 MPolly@RoyalShellSales.com www.royalshellrealestate.com
Stuart
Patrick Stracuzzi P atrick Stracuzzi Team at RE/MAX Community 772.486.7856 pat@stracuzzi.com www.patrickstracuzzi.com
Tampa Bay
Steve Eckhardt Cornerstone Properties International 813.929.3900 steve@thefloridaauthority.com
Useppa Island
The Useppa People Brian F. McColgan Mary Bowman McColgan 231.410.7850 brainandmary@theuseppapeople.com www.useppaislandhome.com
Windermere
Carol Ann Hewitt Oxford Realty 407.629.1222 sales@oxfordrealty.com www.oxfordrealty.com GEORGIA
Atlanta
Better Homes and Gardens Real Estate Metro Brokers 404.843.2500 tyler.brenner@metrobrokers.com www.metrobrokers.com
Lake Burton
Julie Barnett Harry Norman Realtors 706.212.0228 Julie.Barnett@harrynorman.com www.juliebarnettrealtor.com MASSACHUSETTS Raveis Team William Raveis Exceptional Properties 877.298.2780 exceptionalproperties@raveis.com www.raveis.com
NEW JERSEY Century 21 Fine Homes & Estates 866.732.6139 classic.century21.com/finehomes
NORTH CAROLINA
Asheville
Neal Hanks Beverly-Hanks & Associates 828.254.7221 relocate@beverly-hanks.com www.beverly-hanks.com
Winston-Salem
John-Mark M. Mitchell M itchell Prime Properties 3 36.682.2552 j ohnmark@GoMitch.com w ww.GoMitch.com
OHIO C olumbus P latinum Real Estate D enise Zervos 1 .833.LUX.PROS w ww.contactplatinum.com PENNSYLVANIA
P hiladelphia
M ichael Sivel T he Sivel Group/BHHS 2 15.380.1296 M ichael.Sivel@foxroach.com w ww.sivelgroupluxury.com UTAH
P ark City
S ummit Sotheby's International Realty 8 00.641.1884 w ww.summitsothebysrealty.com VERMONT
Bondville
Kim Wohler Wohler Realty Group at Stratton Mountain 802.236.1604 kimwohler@wohlerrealtygroup.com www.wohlerrealtygroup.com
INTERNATIONAL
BAHAMAS
Abaco
Neil Aberle H.G. Christie, Ltd. 242.322.1041 sales@hgchristie.com www.hgchristie.com CANADA
Mississauga
Sam McDadi Sam McDadi Real Estate Brokerage, Inc. 416.801.2400 sam@mcdadi.com mcdadi.com
BOCA RATON, FL I $6,500,000 MLS#RX-10593608 I Terri Berman, 561.445.2929
Pelican Bay
MIROMAR LAKES, FL I $5,999,000 MLS#219072947 I John & Anthony Turco, 239.210.8888
NEW CANAAN, CT I $3,450,000 I MLS#170246742 Regi van der Heyden, 203.644.5025
CHAPPAQUA, NY I $2,999,000 I MLS#H5124953 Cindy Glynn, 914.523.6163
OLD SAYBROOK, CT I $2,690,000 I MLS#170274513 Edward Hillyer, 860.235.3424
DOVER, MA I $1,999,000 I MLS#72575709 The Walsh Team, 508.400.7063
FAIRFIELD, CT I $1,547,700 I MLS#170279871 Denise Walsh & Partners, 203.650.1583
BUILD YOUR DREAMS MELBOURNE BEACH, FLORIDA
“Paradise and inner peace are realized upon your viewing of the spectacular turquoise and blue-green waters of Melbourne Beach, with pelicans, diver ducks and seagulls flying overhead while manatees, dolphins and sea turtles swim along the sandy shores of your tropical retreat,” reflects property owner, Mark Pieloch. His oceanfront lots each offer the spectacular opportunity to ‘Build Your Dreams.’
Located south of Melbourne Beach, a double lot on Highway A1A presents the possibility to realize one prominent oceanfront estate, or two separate stately homes depending on the buyer’s preference. Alternatively, the plat could be rezoned for a multi-family or condominium structure to accommodate several families who wish for a dwelling with oceanfront views. The property is enveloped by state preserve land on all three sides and, therefore, both parcels are offered together, totaling 3.25 acres. ($5,850,000)
Also on offer are four additional oceanfront locations:
• Lot located at 6385 Hwy A1A is 1.25 acres Offered at $1,500,000 • Lot located at 8815 Hwy A1A is 1.08 acres (enveloped by preserve land) Offered at $1,650,000 • Lot located at 8837 Hwy A1A is 1.08 acres (enveloped by preserve land) Offered at $1,650,000 • Lot located at 9239 Hwy A1A is 0.90 acres Offered at $1,100,000
For the purchase of all available properties, Pieloch will extend a ten percent volume discount from the list prices. An avid car collector for more than 40 years and owner of The American Muscle Car Museum in Melbourne, Florida, Pieloch is also willing to consider a trade of highend exotic or classic cars for 50 percent of the sale price. Up to 50 percent owner financing is also available through a land contract.
Far from the maddening crowd, but close enough to life’s necessities, lies a piece of paradise you can call home. Ocean views are endless here, as are scenes of gentle manatees, playful dolphins and an array of colorful birds. Commanding two oceanfront lots in the Florida Keys city of Marathon, this estate is strategically positioned in a setting that defies comparison.
Location is key to the property’s vantage point, which capitalizes on spectacular 340-degree views of clear turquoise water. A deepwater dock that can accommodate a 110- foot yacht is situated on the channel side, affording direct access to the Atlantic Ocean where some of the best fishing in the world can be found. Water enthusiasts can enjoy snorkeling, paddle boarding or kayaking, while landlubbers relax on your private 300-foot stretch of white sandy beach. A private airport is less than 10 minutes away, and there are a variety of dining and shopping amenities available on Marathon.
Homeowner, Mark Pieloch, will consider a trade of collector-quality cars plus cash for this offering. An avid car collector for more than 40 years, Pieloch owns the American Muscle Car Museum, a 501(c)3 facility spanning 123,000 square feet with more than 300 classic and exotic cars on display. Located in Melbourne, Florida, the museum hosts numerous non-profit fundraising events, car shows and educational tours.
FLORIDA KEYS OCEANFRONT ESTATE 2480 Coco Plum Drive | Marathon, Florida | $19,500,000
NATIONAL REGISTER OF HISTORIC PLACES “IMMOKOLEE” FORT PIERCE, FLORIDA
This historic home rests beneath a canopy of 300-year-old oak trees. The main house, on just under 40 acres, with stucco finish and barrel tile roof, overlooks the pool, beneath a three-story screen enclosure. Built in 1930, this 5-bedroom, 6.5 bath extraordinary Mediterranean revival features 6 fireplaces, original brass screens, Mizner cypress doors, fountains and floor tiles. “Immokolee” resonates with the times of a family who lived and entertained here. Also featured is a 3-bedroom, 2 bath guest house, exercise room with bar and fireplace, and walled garden, plus an additional 5 car garage with workshop. This secluded, one of a kind estate has been beautifully preserved and is listed on the U.S Department of interior National Registry of Historic Places.
“Immokolee” located at 8341 Immokolee Road, is a significant historic architectural location in North St. Lucie County. Displaying a complex roofline, contrasting balconies, materials, loggias, and textured stucco walls, the residence is a strong example of the Mediterranean Revival Style. Completed in 1931, the residence was designed and constructed by Franklin Tyler, a Fort Pierce architect and builder. Numerous appointments, including Pecky Cypress ceilings and doors. Tiles, and bronze windows are believed to from Mizner Industries, a business organized by Addison Mizner in Palm Beach to produce finished architectural items. The house is among the largest historic houses in the county. It contains eighteen rooms and measure approximately 6,500 square feet and maintains its original architectural integrity to a high degree.
SETTING Immokolee lies seven miles northwest of downtown Fort Pierce on Immokolee Road in unincorporated St. Lucie County, bordering Vero Beach, to the south. Relatively isolated in a rural setting, the house is located several miles east of Interstate 95 and the Florida Turnpike.
A canopy formed by oak trees and stands of bamboo create an attractive entrance into the property, which consists of the primary residence, contributing swimming pool and a non-contributing storage shed and walled garden. Several small ponds and landscaped terrain also contribute ambience. A three bedroom house can be used as a guest house or a caretaker’s home.
EXTERIOR Immokolee, an eighteen-room estate, represents a stunning example of the Mediterranean Revival style. Rising two stories and displaying a modified “Z” plan, the house measures approximately 6,500 Square feet. A complex pattern of crossgabled and hip roofs and shed extensions provide an interesting contrast of roofline. Red ceramic barrel tile serves as the roof material, replacing the original polychromatic ceramic blue/green barrel tile surfacing. Four chimneys with arched openings and barrel tile cresting pierce the roof and serve to vent six interior fireplaces. The walls consist of poured hollowed tile, twelve inches thick on the first and eight inches thick on the second. Textured stucco serves as the exterior wall fabric and contrasts with hewn cypress detailing employed on the second story balconies. Small fountains, statuary niches, tile panels, balconies and wrought iron sconces adorn the exterior walls. Fenestration irregular and asymmetrical, consisting of bronze casement windows and wood double-hung sash and fixed windows. The use of loggias, patios, and large windows tend to blur the distinction between outside and inside.
ARCHITECTURAL CONTEXT The Mediterranean Revival style is largely found in those states that have a Spanish colonial heritage. The style became popular in southwest Florida during the twentieth century. The influence of the Spanish and other Mediterranean styles found expression through a detailed study of Latin America architecture made by Bertram Goodhue at the Panama-California Exposition in San Diego in 1915. The exhibition prominently features the rich Spanish architectural variety of South America. The popularity of the style became widespread, and many commercial and residential buildings underwent renovation in the 1920’s to reflect Mediterranean influences. Identifying features of the style include complex roof plans often a combination of flat, gable, and hip roofs, with ceramic tile; stucco facades; chimneys with barrel tiles, entrance loggias with arched openings, casement and double hung sash windows and ceramic tile decoration.
Encouraged by the publicity afforded exposition, architects began to look directly to Spain and elsewhere in the Mediterranean where they found still more interesting and functional building traditions and materials.
Immokolee embodies Mediterranean Revival styling as expressed by an irregular plan, complex gabling, hip and shed roofs surfaced with barrel tiles, loggias, balconies, and textured stucco exterior walls fabric. Small sanctuary niches, panels of imported tile, balconies, fountains and ponds also create a rich ambiance. On the interior contrasting materials include cypress doors and ceilings, bronze windows, plaster, oak floors and ceramic tile. The design materials and setting of the house blend with one another to create a unique sense of place.
The plan sited on an east/west axis takes advantage of the prevailing breezes. It allows for a natural flow between rooms and adequate natural interior lighting and ventilation. The design separates formal functions on the south from the more informal areas on the north. A dining room on the first floor and open loggia on the second serve to divide the homes into those areas. Loggias, balconies and large windows tend to blur the distinction between interior and exterior spaces. Narrow hallways, an assortment of unusual arched doors and contrast between floor levels and room sizes make the house distinctive. Immokolee is among the largest preserved examples of Mediterranean Revival style architecture in St. Lucie County.
In Florida, the Mediterranean Revival style displays considerable Spanish influence. A popular style in the 1920’s, Mediterranean Reveal had a previous influence on building design until World War II. The style was adapted for a variety of building types ranging from grandiose hotels and mansions to two-room residences.
Gated Intracoastal Point Lot Mega-Mansion
Deepwater Beachside Monster Mansion Brand new iconic modern contemporary beachfront masterpiece. 14,808 total square feet. Incredible price! The best in the world! Call Ari Albinder 561-702-0413
Prestigious three story gated intracoastal point lot mega mansion. A yachtsman’s paradise with 272 feet of water frontage! 12,724 total square feet. $5,500,000. Call Ari Albinder 561-702-0413
Magnificent Estate on Golf Course
Deepwater with private beach club on the ocean, 3 private docks, amazing resort-style pool and spa. $5,995,000. Call Ari Albinder 561-702-0413 Newer Deepwater Showplace
The Most Spectacular Showplace on the exclusive grounds of the famous Boca Raton Resort, Beach Club and Marina. Beautiful resort pool and spa. $3,895,000. Call Ari Albinder 561-702-0413
Gated Point Lot Intracoastal Estate
Amazing Lakefront Custom Estate Spectacular newer deepwater pool home with wide canal basin view to the Intracoastal. 7,183 total square feet. Incredible price! Seller wants to sell! Call Ari Albinder 561-702-0413
Spectacular Deepwater Estate Gorgeous gated intracoastal point lot estate with views overlooking the wide Intracoastal in Highland Beach. One of the most beautiful, intracoastal point lots in all of South Florida. $4,395,000. Call Ari Albinder 561-702-0413
Six car garage, 2 generators, impact glass, wood paneled library, full gym, wine cellar, mahogany bar, marble and hardwood floors, infinity edgeless pool. 11,880 total square feet. $3,895,000. Call Ari Albinder 561-702-0413 Luxurious master suite on the 1st floor, movie theater, open floor plan with soaring high ceilings, fireplace, Impact hurricane glass, 9,100+ sqft. 2017 new gourmet chef's kitchen. $3,995,000. Call Ari Albinder 561-702-0413 C: 561-702-0413 | O: 561-393-7000 | E: Ari@MiznerGrandeRealty.com
Visit Our Website And Search The Multiple Listing Service To Find Your Dream Home: WWW.MIZNERGRANDEREALTY.COM FLORIDA 37
Excellent opportunity in beautiful Chateaux Sur Mer. This four bedroom home has breathtaking views of the Gulf of Mexico and affords privacy. Large great room with cathedral ceilings opens up to spacious screened lanai overlooking the beach. The kitchen is open to the living area and boasts a SubZero refrigerator and dumb waiter. The master retreat is beachfront and includes his and her bathrooms. 3 guest bedrooms each with their own upgraded bathrooms. Wood floors t hroughout, gulf front swimming pool, raised circular driveway, 2-car garage and so much more. Furnished! Priced to sell at $3,395,000. Call Jim Hall at 239.850.3344
Hidden Island Jewel
Gorgeous lake views from this “like new” house on Sanibel Island. Completely renovated with no detail overlooked. Three bedrooms plus office and 3 bathrooms. Beautifully updated kitchen open t o living and dining rooms. Two master bedrooms including one with 2 massive closets, gorgeous custom bathroom with spa tub and walk-in shower, double vanities and a private deck overlooking t he long lake view & golf course. Wood and tile flooring, detailed molding, including custom coffered and tray ceilings, crown molding and solid doors. Large lanai overlooking the private saltwater pool, fully enclosed lower level, excellent storage, meticulous garage for the car enthusiast. Wind rated windows, storm shutters, wet bar, LED lighting, so much more. Top quality finishes throughout. Proudly offered at $999,000. Call Jim Hall at 239.850.3344
Townhouse Near the Beach
Serene Canal Front home on an oversized lot only seconds to the Bayou with boat dock and Gulf access. Privacy and inspiration are yours - surrounded by a cathedral of trees, flowering plumerias and happy birds - all in a park-like setting. The ground level home has been recently remodeled with wood floors, impact windows, updated kitchen and bathrooms. Spacious living and dining room along with family room open to the kitchen. Three bedrooms, large screened lanai. Watch the dolphins and manatees swim by. Meticulously maintained - a hidden Hawaiian Jewel on Sanibel's peaceful west end - a perfect place to disconnect and unwind. Lot is 28,125 sq ft; 112ft x 250ft. Priced to sell at $1,125,000. Call Jim Hall at 239.850.3344
Bayfront Homesite
Spacious 3 bedroom, 3 bath townhouse that offers nature views overlooking the Sanibel River from the glass-enclosed lanai, this spacious property boasts almost 2,700 sq ft. Main living level features the master suite, guest room & bathroom, open kitchen, living & dining rooms and amazing views. The lower level offers new flooring, another guest bedroom & bathroom, oversized laundry room, and another living area open to the waterfront patio. Covered parking and extensive storage also! This small private community of 12 townhomes, Moonshadows, is a beachfront community offering great access to the shelling beaches of Sanibel along with a courtyard, swimming pool, tennis, and basketball court on the well-maintained grounds with lush vegetation. Priced to Sell at $729,000. Call Jim Hall at 239.850.3344
Incredible Investor Opportunity
Jim Hall VIP Realty, Inc. Cell: 239-850-3344 Email: jhall@viprealty.com www.viprealty.com Welcome to West End Paradise! Perfect for those who appreciate comfort along with private & tranquil atmosphere. Teeming with nature, this adorable Inn boasts 4 two-bedroom, two-bath units (in 2 buildings) located on nearly a full acre. Concrete block buildings! Park-like grounds feature shell cleaning facilities as well as lounge chairs, outdoor dining areas, BBQ grills and shady gazebos. The natural setting around ponds offers great opportunities for viewing a wide variety of the island’s wildlife. Deeded access to the island's finest private beach is only 1000 ft away. All fully furnished units feature full kitchens, updated bathrooms, lg screened lanais overlooking ponds, central A/C, beach chairs and bicycles. The location can't be beat - very quiet residential neighborhood. Meticulously maintained by local owner/operator. Nightly, weekly, or daily rentals allowed. Many happy repeat customers that have been coming for years. One of a kind! Proudly offered at $1,499,000. Call Jim Hall at 239.850.3344 Located on a private lane with only five homes, this is a rare opportunity on Sanibel Island. Offering seawalled frontage on San Carlos Bay with expansive views, this homesite is ready for the custom home of your dreams. Enjoy the bay and beach from this impressive offering. Minutes to the Causeway so easy on and off island access. 5,212sf of developed area allowed (verify with City of Sanibel). The perfect place to build your Island Dream Home! Proudly offered at $2,195,000. Call Jim Hall at 239.850.3344
