Perspectives 2014

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SOT HE BY ’ S I NT ERNAT I O NA L REA LT Y ®

PERSPECTIVES N E W S & I N F O R M AT I O N O N T H E G LO B A L R E A L E S TAT E M A R K E T F R O M S OT H E BY ’ S I N T E R N AT I O N A L R E A LT Y ® P R O F E S S I O N A L S W O R L D W I D E

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issue of Perspectives celebrates some of the finest property available anywhere in the world. We proudly showcase recent significant sales – from a $44 million compound in Aspen to the extraordinary Glass Pavilion, a supreme example of modernism located in Montecito, Calif., and a $25 million family estate in New South Wales, Australia. We also highlight several noteworthy listings to come to market that range from $32 million to $75 million, indicating that luxury real estate is helping to lead the way in the overall housing recovery.

The luxury sector finished a very strong 2013 with prices rising in many regions fueled by a strong U.S. equity market, less inventory and improving economic conditions. We look forward to the year ahead as we continue to increase our global footprint with office openings in key locations throughout the world.

This issue’s lifestyle comparison focuses on boating, university/college community and resort. But whatever lifestyle suits your needs, you can search for the ideal property at sothebysrealty.com.

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Enjoy this issue of Perspectives, and please accept our best wishes for a safe and prosperous new year!

Sincerely, Philip White President and Chief Executive Officer Sotheby’s International Realty Affiliates LLC

“We proudly showcase recent significant sales – from a $44 million compound in Aspen to the extraordinary Glass Pavilion, a supreme example of modernism located in Montecito, Calif.”

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from around the world LONG ISLAND, N.Y. – “As we close out 2013, the big question continues to be, ‘how’s your market?.’ The answer? Very promising. Most economists define a housing recovery as one with continuous price appreciation. Our appreciation is modest in some areas, but certainly not all. Yet the first ten months of 2013 for closed residential transactions in Nassau and Suffolk Counties improved dramatically from 2012 – over 20 percent (Sales Volume) on average based on MLS data. Since ‘average’ has never been my goal for our 21 sales offices, we’re up over 35 percent (Sales Volume) and have almost 40 percent more (Sales Volume) under contract than 2012, when I compare our performance to MLS. Results do count. And I’m raising our ‘bar’ for 2014 too.”

– Patricia J. Petersen President and chief executive officer, Daniel Gale Sotheby’s International Realty, Long Island, N.Y.

Daniel Gale Sotheby´s International Realty | Lloyd Harbor, New York, USA | $11,400,000 USD Property ID: 4407928

Masthead art: Terrace of the Country House by August Macke © MMXIII Sotheby’s International Realty® Affiliates LLC. All Rights Reserved. Seaside, used with permission.

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PERSPECTIVES N E W S & I N F O R M AT I O N O N T H E G LO B A L R E A L E S TAT E M A R K E T F R O M S OT H E BY ’ S I N T E R N AT I O N A L R E A LT Y ® P R O F E S S I O N A L S W O R L D W I D E

Views

from around the world

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SAN MIGUEL DE ALLENDE, MEXICO – “The Magic of San Miguel de Allende, a colonial city in the heart of Mexico, is no longer a well-kept secret. With near perfect weather, stunning architecture, vivid culture and an affordable cost of living, it’s no wonder we’ve become a darling of the international media. In the last month alone, we’ve been voted ‘The #1 City in the World’

by Conde Nast Traveler readers, ‘One of the Best Places in the World to Spend Christmas’ by Travel & Leisure, featured on the cover of National Geographic Magazines Latin America Edition, as well as being lauded in the Boston Globe, Forbes, the New York Times and the Huffington Post. With more than two thirds of our buyers from the United States and Canada, whether their interest lies in a colonial hacienda, centrally located pied a terre, golf or equestrian property, they have long appreciated what the rest of the world is beginning to discover: that life is better in San Miguel.”

– Lisa Carol, director of marketing, Agave Sotheby’s International Realty, San Miguel de Allende, Mexico

List Sotheby´s International Realty | Tokyo, Japan | $4,319,585 (USD) ¥455,000,000 (JPY) | Property ID: 4000039142

TOKYO —“Since Tokyo was announced to host the 2020 Summer Olympics, the real estate market has been rising in Tokyo, especially in the bay area, where most of the competition venues will be located. According to the Japan Association of Real Estate Appraisers, condominium prices in the Tokyo Bay area will increase between 10 to 20 percent in two years’ time. The upbeat forecasts come as infrastructure development in the lead up to the Games is expected to boost the convenience of the Bay area, hence increasing property values. Most of the major sports venues are scheduled to be located in or near the Bay area, and the Tokyo metropolitan government plans to spend 400 billion yen. Also, given Japan’s rapidly aging population- people aged 65 or older already account for more than 25 percent- the infrastructure for the Olympic Games is expected to be developed in a manner that is friendly to the elderly. Furthermore, ‘washoku,’ or Japanese food, which is globally popular and well known as healthy food, was registered on UNESCO’s list of intangible cultural heritage assets in December 2013, which would help Japan to attract international interest and raise its profile.”

– Yutaka Kobayashi, sales director List Sotheby’s International Realty, Tokyo

Agave Sotheby´s International Realty | San Miguel De Allende, Mexico $3,900,000 USD | Property ID: 21393383

Masthead art: Terrace of the Country House by August Macke © MMXIII Sotheby’s International Realty® Affiliates LLC. All Rights Reserved. Seaside, used with permission.

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PERSPECTIVES N E W S & I N F O R M AT I O N O N T H E G LO B A L R E A L E S TAT E M A R K E T F R O M S OT H E BY ’ S I N T E R N AT I O N A L R E A LT Y ® P R O F E S S I O N A L S W O R L D W I D E

Notable Sales Craig Morris of Aspen Snowmass Sotheby’s International Realty in Colorado sold a 504-acre compound in Snowmass Village for $44 million. The property includes a main house, guest house, barn, pastures, ponds with water rights, outdoor spaces and breathtaking views. The main house features more than 23,000 square feet on three levels with four bedrooms, five full baths, three half baths, contemporary kitchen, formal and informal living and family rooms, his and her master baths and closets and large exercise room. There also is a massage room, indoor spa with sunken hot tub, multiple offices, game room, three-tiered theater, wet bar, vaulted ceilings and beautiful outdoor spaces with fire pit and wood-burning fireplace.

Suzanne Perkins of Sotheby’s International Realty – Montecito – Coast Village Road in California sold The Glass Pavilion for $12.9 million. The home is a redefining structure within modernism, a benchmark building that sets the bar for what modernism is and can be. Set within a 3.5 acre estate of oak groves in Montecito, it has five bedrooms, five and a half baths and 14,000 square feet. The large kitchen has a wine room that holds several thousand bottles, and there is a grand hallway and an art gallery that currently displays a vintage car collection. The space is so generous that it is capable of holding up to 32 cars within its walnut-lined walls.

Sydney Sotheby’s International Realty in Australia sold a family estate in New South Wales for $28 million (AUD), $25,480,000 (USD). The estate is on approximately 2,147 square meters with northerly harbour views. There is a North-South tennis court, pool and garaging for 18 cars. The property includes a five-bedroom mansion, separate one-bedroom penthouse and two-bedroom guest apartment, as well as two separate one-bedroom guest/staff apartments. The estate features a home cinema and park-like level gardens.

Sydney Sotheby’s International Realty sold this family estate in New South Wales for $25 million (USD)

Craig Morris of Aspen Snowmass Sotheby’s International Realty sold a 504-acre compound in Snowmass Village for $44 million.

Suzanne Perkins of Sotheby’s International Realty - Montecito - Coast Village Road sold The Glass Pavilion for $12.9 million. Photo: Jim Bartsch

Masthead art: Terrace of the Country House by August Macke © MMXIII Sotheby’s International Realty® Affiliates LLC. All Rights Reserved. Seaside, used with permission.

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PERSPECTIVES N E W S & I N F O R M AT I O N O N T H E G LO B A L R E A L E S TAT E M A R K E T F R O M S OT H E BY ’ S I N T E R N AT I O N A L R E A LT Y ® P R O F E S S I O N A L S W O R L D W I D E

Listings

of

Distinction

Allison Koffman and Juliette Janssens of Sotheby’s International Realty – East Side Manhattan Brokerage in New York have exclusively listed the remaining nine apartments in 150 E 72nd Street, a pre-war conversion on Manhattan’s Upper East Side. The total value of these nine listings is more than $75 million.

Daniel Chavarria Waschke of Mallorca Sotheby’s International Realty has listed Cielo de Bonaire, one of the most luxurious properties in Port Alcudia for $67.6 million. Cielo de Bonaire enjoys an outstanding location on a hillside between the bays of Alcúdia and Pollensa and some of the best panoramic views on the island. The interior design makes it in one of the most sophisticated properties in the Balearics Island. For more information, click here.

150 East 72nd Street was completed in 1912, and the exterior has remained largely unchanged.

Residents enjoy 24-hour white-glove service, fitness center and children’s playroom. The residences have private elevator landings, well-proportioned floor plans and bathrooms outfitted with Italian marble. The developer is Macklowe Properties. For more information, click here.

Sotheby’s International Realty- East Side Manhattan Brokerage in New York has exclusively listed the remaining nine apartments in 150 E 72nd Street

Masthead art: Terrace of the Country House by August Macke © MMXIII Sotheby’s International Realty® Affiliates LLC. All Rights Reserved. Seaside, used with permission.

Mallorca Sotheby's International Realty | Alcudia, Mallorca | €50.000.000 (USD) $67,668,155 | Property ID: 4000009642

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PERSPECTIVES N E W S & I N F O R M AT I O N O N T H E G LO B A L R E A L E S TAT E M A R K E T F R O M S OT H E BY ’ S I N T E R N AT I O N A L R E A LT Y ® P R O F E S S I O N A L S W O R L D W I D E

Listings c o n t in u e d

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“There are four ensuite bedrooms, each with commanding scenic ocean views, front and rear landscaped gardens and soaring 15 foot ceilings in the reception room.”

Distinction

Harry Kolb of Sotheby’s International Realty-Montecito – Coast Village Road Brokerage in California has listed The Peabody Estate, “Solana,” in Santa Barbara for $49 million.

One of the most significant homes in California, Solana features a magnificent 20,000 square foot newly-rebuilt grand estate as its centerpiece. It features museum quality mosaic tile floors, 18th century wall sconces and 17th century French oak paneling. Solana’s stunning 360-degree views stretch across the entire Montecito Valley to the foothills, past Santa Barbara’s beaches and the picturesque harbor and south to the Channel Islands. Spanning over 11 knoll-top acres, the property includes a large two-bedroom guest cottage, swimming pool, reflecting ponds, two staff apartments and two three-car garages. Click here for more information.

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Grace Oh, Frederick Ho and Alan Man of Hong Kong Sotheby’s International Realty have listed a $32.2 million Hong Kong property. The home has 180-degree unobstructed views across the city and the harbour directly in front when standing on the balcony. Situated on Barker Road, only a few minutes’ drive from Central, it features deluxe finishes, craftsmanship and contemporary interior design. Click here for more information.

Sotheby’s International Realty - Montecito – Coast Village Road | California, USA | $49,000,000 Property ID: 0113621

Masthead art: Terrace of the Country House by August Macke © MMXIII Sotheby’s International Realty® Affiliates LLC. All Rights Reserved. Seaside, used with permission.

Hong Kong Sotheby's International Realty | Hong Kong | $32,240,592 (USD) $250,000,000 (HKD) | Property ID: 4000039859

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PERSPECTIVES N E W S & I N F O R M AT I O N O N T H E G LO B A L R E A L E S TAT E M A R K E T F R O M S OT H E BY ’ S I N T E R N AT I O N A L R E A LT Y ® P R O F E S S I O N A L S W O R L D W I D E

Lifestyle Comparison BOATING

Property ID: 21060149

Property ID: 4000038937

THE POINT, KENNEBUNK, MAINE

PLETTENBERG BAY, WESTERN CAPE, SOUTH AFRICA

LEGACY PROPERTIES SOTHEBY’S INTERNATIONAL REALTY

$5.5 million (USD)

LEW GEFFEN SOTHEBY’S INTERNATIONAL REALTY

$5.5 million (USD)

One of the finest waterfront estates in York County, this home offers 4.5 acres of serenity and privacy. This Stefan Antoni designed home has utilized almost every conceivable amenity to ensure luxuriIt features spectacular views from every room, high-end finishes throughout, outdoor living spaces ous living. Spanning four levels with direct beach access, the upper level accommodates the master and dock. Click here for more information. en suite bedroom that opens onto an extensive upper-level patio. Click here for more information.

Masthead art: Terrace of the Country House by August Macke © MMXIII Sotheby’s International Realty® Affiliates LLC. All Rights Reserved. Seaside, used with permission.

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PERSPECTIVES N E W S & I N F O R M AT I O N O N T H E G LO B A L R E A L E S TAT E M A R K E T F R O M S OT H E BY ’ S I N T E R N AT I O N A L R E A LT Y ® P R O F E S S I O N A L S W O R L D W I D E

Lifestyle Comparison c o n t in u e d

UNIVERSITY/COLLEGE COMMUNITY

Property ID: 4303193

Property ID: 21328357

UNIVERSITY/COLLEGE COMMUNITY | PRINCETON, NEW JERSEY CALLAWAY HENDERSON SOTHEBY’S INTERNATIONAL REALTY

LYON HOUSE, AURORA, NEW YORK

This home is located in the heart of Princeton’s Western Section, just a stroll from Palmer Square, Princeton University and McCarter Theater. The main entry has a split staircase and graceful millwork, while the side entry and breezeway conveniently bridge the three-car garage and sunny gourmet kitchen. Click here for more information.

The Lyon House is located in the center of New York State’s most historically intact village of Aurora.

The Village is home to Wells College, founded in 1868 by Henry Wells. Aurora is one of the few villages along the shores of the Finger Lakes with easy level lake access, and is located on the middle of the Eastern shore of Cayuga Lake, with Ithaca, home to Cornell University and Ithaca College to the south. Click here for more information.

$3.5 million (USD)

SELECT SOTHEBY’S INTERNATIONAL REALTY

$2.95 million (USD)

Masthead art: Terrace of the Country House by August Macke © MMXIII Sotheby’s International Realty® Affiliates LLC. All Rights Reserved. Seaside, used with permission.

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PERSPECTIVES N E W S & I N F O R M AT I O N O N T H E G LO B A L R E A L E S TAT E M A R K E T F R O M S OT H E BY ’ S I N T E R N AT I O N A L R E A LT Y ® P R O F E S S I O N A L S W O R L D W I D E

Lifestyle Comparison c o n t in u e d

RESORT

Property ID: 4326806

Property ID: 20995951

FISH CAMP, MARATHON, FLORIDA OCEAN SOTHEBY’S INTERNATIONAL REALTY

PARK CITY, UTAH SUMMIT SOTHEBY’S INTERNATIONAL REALTY

compound, affectionately called the “Fish Camp,” is surrounded by water on three sides, offering incredible views of the wide lagoon and Atlantic Ocean. Boasting a total of 11,674 square feet of living space, the two story main home features four bedrooms, four and a half baths. The guest home has three bedrooms, three and a half baths with an adjoining captain’s quarters featuring an additional one bedroom and one and a half baths. Click here for more information.

Crested Eagle Estate is located behind the gates of Bald Eagle Club in Deer Valley, Utah. Five minutes to historic Park City Main Street, and ski-in ski-out from your own ski room in one of Utah’s finest appointed estates. Grand entry includes arched stone fireplace in a soaring great room with floor to ceiling windows throughout, taking in the panoramic mountain, meadow, ski run and city light views. Click here for more information.

$12.9 million (USD) Situated on a point lot of almost two acres, this private family fishing

$12.9 million (USD)

© 2014 Sotheby’s International Realty Affiliates LLC. All Rights Reserved. Sotheby’s International Realty Affiliates LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each Office is Independently Owned and Operated. Sotheby’s International Realty and the Sotheby’s International Realty logo are registered (or unregistered) service marks licensed to Sotheby’s International Realty Affiliates LLC. This newsletter is provided for informational purposes only and is not intended, nor shall it be deemed, to provide or offer legal, financial or tax advice or guidance. The views and opinions set forth in this newsletter are not necessarily the views and opinions of Sotheby’s International Realty Affiliates LLC.You should always consult with your own advisor when dealing with any of the issues visited herein.

Masthead art: Terrace of the Country House by August Macke © MMXIII Sotheby’s International Realty® Affiliates LLC. All Rights Reserved. Seaside, used with permission.

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