“Value comps” is a time period utilized in actual property to explain the follow of evaluating gross sales costs in relation to related properties. On this weekly characteristic, we’ll discover three luxurious actual property markets by way of a sure worth level.”
A non-public waterfront house in Hong Kong’s Clearwater Bay, a big property on the Westside of Los Angeles and a turn-of-the-century townhouse on Manhattan’s Higher East Facet.
Clearwater Bay, Hong Kong
Situated north of the Clearwater Bay Peninsula, the waterfront neighborhood of Sheung Sze Wan options a few of its most coveted properties in Hong Kong because of the white sandy seashores and plush inexperienced hillsides that encompass it.
Housing choices starting from indifferent residences to townhomes to waterfront properties with swimming pools have made the world fashionable amongst households and people wanting extra space. For the sportsman, the world is in shut proximity to the members-only Clear Water Bay Golf Course.
This secluded residence with a personal swimming pool takes in sweeping ocean and mountain views from a big waterfront lot.
Value: $9.675 million (HKD$75000000)
Measurement: 2,100 sq. toes
Value per sq. foot: $4,607 (HK$35714)
Inside: Curated interiors characteristic stone flooring all through and a big front room that flows by way of pocket doorways onto a backyard terrace. Designed to maximise the complete water views, partitions of home windows on the second and third flooring are oriented in the direction of the ocean. A proper eating room sits off the kitchen.
A complete of 4 bedrooms and 4 bogs are throughout the multi-level ground plan. Within the major suite, an inventive tiled lavatory holds a soaking tub and a rainforest-style bathe. Considerate built-ins and artwork niches lend appreciable storage.
Outside dwelling house: The personal yard is hid from its environment by lush tropical landscaping. A stone path leads from the patio to a blue-tiled swimming pool, which overlooks the ocean. Sprawling garden fills out house between the home and pool.
Bel-Air, Los Angeles
Few neighborhoods carry the cachet of Bel-Air, an space long-associated with Previous Hollywood, celeb and the good titans of trade. Recognized for its generational estates, the world is house to a few of Los Angeles’ most unique properties, with common costs ranging within the tens of hundreds of thousands and trophy properties commanding nine-figure sums.
Architectural choices are plentiful. The neighborhood is house to quite a lot of properties designed by the greats of Southern California structure in addition to historic ranch properties and trendy mansions. Entry to top-tier personal and public faculty choices is one other draw.
Sited on greater than half an acre, this French-inspired estate evokes a five-star resort with refined dwelling areas and an plentiful number of outside facilities.
Value: $9.995 million
Measurement: 9,350 sq. toes
Value per sq. foot: $1,069
Inside: A pavered and landscaped footpath leads previous a koi pond and thru an arched portico to achieve the entrance door.
Past the entry, a contemporary lobby clad in marble flows immediately into the step-down front room with a hearth. Image home windows enclose the far wall of the lounge, opening the house to backyard views. A barely sunken moist bar is hid on the far facet of the room whereas steps close to the fireside lead as much as attain a smaller den.
Underlit cabinetry and a broad island are amongst eye-catching particulars within the kitchen — significantly at night time. Outfitted with commercial-grade home equipment, the kitchen space is flanked on one facet by bi-folding doorways that open to the patio. A proper eating room sits off the kitchen whereas a household room with a hearth shares the widespread space. A separate sport room has a bar.
The first suite — one in all 5 bedrooms and 6 bogs — expands to incorporate a separate sitting room with floor-to-ceiling home windows oriented in the direction of mountain and canyon views. A two-way fire is shared by the bed room and sitting room.
Outside dwelling house: Accessed by way of the widespread space or a facet entrance, the yard unfolds in layers. A large pool deck with room for al fresco eating sits above a customized swimming pool. Subsequent to the pool is a up to date gazebo designed in line with the house’s architectural model. Sweeping canyon and metropolis views sit within the backdrop.
Lenox Hill, Manhattan, N.Y.
The Lenox Hill neighborhood on Manhattan’s Higher East Facet bridges generations with a mixture of elegant townhouses and brownstones, historic pre-war buildings and luxurious residences.
An in depth proximity to Central Park, upscale eating places and cultural establishments such because the Met and Whitney Museum are attracts for some district residences. The world can be in shut proximity to Rockefeller College and Hunter Faculty, making it fashionable amongst faculty college students, in addition to the famend Lenox Hill Hospital.
This turn-of-the-century townhome gives no scarcity of dwelling house with a shiny, four-story inside in addition to a 102.5-foot lot that’s among the many deepest in Manhattan. A non-public parking storage and potential growth alternatives (see: unused air rights) present a novel stage of flexibility.
Value: $9.88 million
Measurement: 5,000 sq. toes
Value per sq. foot: $1,976
Inside: Gated entrance the road, the townhouse strikes a dramatic pose on the principle stage, as double-height ceilings soar to just about 21 toes within the step-down front room. Outsized home windows underscore the vaulted house, whereas bringing pure gentle into the room. White gallery partitions punctuated by shiny artwork items bookend the house.
A staircase close to the entry leads as much as the second-story kitchen and eating room, which overlook the lounge. The kitchen is outfitted with a big stone island, customized cabinetry and two nook banquets for versatile seating. There’s additionally a temperature-controlled wine fridge.
A complete of 4 bedrooms occupy the higher flooring and embody a major bed room with a south-facing terrace that overlooks the house’s backyard patio. The adjoining major lavatory has a soaking tub, two sinks and built-ins.
Outside dwelling house: The backyard patio, which could be accessed by way of the lounge, extends 40 toes and is enclosed by vine-covered brick partitions. Brick planters with small hedges ring the patio’s sitting space, which holds a barbecue. A step-up eating patio and fountain characteristic sit on the rear.