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Knight Frank Reports on Luxury Real Estate Around the Globe

August 15, 2017

According to a Knight Frank, luxury residential real estate prices are on the rise in cities around the globe including Madrid, Berlin, Paris and Dublin. On the other hand, prices in China’s top cities declined. Knight Frank’s 2017 second quarter report tracks 41 cities worldwide.

According to Mansion Global, ‘œThe Knight Frank Prime Global Cities Index, which tracks luxury residential markets’”defined as the top 5% the housing market in each city’”rose 4.4% year-over-year by the end of June.’

European cities have seen a resurge in luxury residential prices. According to the Knight Frank report, ‘œFears surrounding the upcoming Brexit have, in part, led to a recognition of Europe’s comparatively affordable luxury markets’.

Other key facts:
San Francisco had the highest price growth among the four tracked US cities
Guangzhou leads the ranking with an annual growth of 35.6% in luxury real estate prices
Luxury prices in Hong Kong rose 36.2%
See Global Mansion article

Would you like to discuss South Florida’s luxury real estate market? Contact Nicholas Malinosky and Randy Ely with Douglas Elliman to discuss the current real estate market beach area.

Photo: Mansion Global/Nisa Maier/Getty Images

World’s #1 Male Tennis Player Sells Miami Condo

August 12, 2017

The world’s number 1 ranked male tennis player, Andy Murray just sold his Miami apartment for $2.375M. According to a Global Mansion article dated August 1, 2017, the condo sat on the market for over two years with numerous price reductions. The 3,415 square-foot condo is located on Brickell Bay Drive and has four bedrooms, five bathrooms and a game room.

The buyer’s agent commented, ‘œThe buyer is at.tracted by the unobstructed views, the luxury amenities of the building and its walkability to the happening scenes in Miami’. See Global Mansion article

Thirty-year-old, Andy Murray is the only two-time Olympic tennis champion. Murray purchased the unit in 2008 for $1.575.

Interested in buying a luxury oceanfront condo? Check out Nicholas Malinosky’s exclusive listing at Las Olas Beach Club in Fort Lauderdale:
101 South Fort Lauderdale Beach Boulevard #1903 offered for $2.35 million.

Photo: Global Mansion

The Most Interesting Listing in the World? This Waterfront Bubble Palace on the French Riveria

August 11, 2017

‘œAmidst the dazzling chateaus and swanky seaside resorts along France’s Côte d’Azur, this on-the-market stunner is bursting with originality.’
This Côte d’Azur palace named ‘œThe Palais Bulles’ or ‘œBubble Palace’ sits high above the Mediterranean coastline overlooking ‘œumbrella-dotted beaches and the glittering blue sea’. A true architectural wonder designed by architect Antti Lovag is listed by Christies’ International Real Estate for an undisclosed price.

With 90,000 square feet of land, a 500 seat amphitheater, almost 13,000-square-feet, a panoramic lounge, a large reception room, 10 bedroom suites, and expansive views of the ocean from almost every room, this unique gem is one of a kind. Even the furniture and details mimics the curvy architectural design with circular beds, sofas, spiral staircases, spherical rooms, and arching doorways.

Close to major destinations such as Cannes and Antibes, Bubble Palace is a perfect spot for ritzy, high profile celebrations as there is extreme privacy with no nearby neighbors and gorgeous, unobstructed views of the French Riveria.

Check out the Coastal Living link from Coastal Living to see more photos and video showcasing Le Palais Bulles. See Coastal Living Link

Interested in buying an oceanfront residence? Check out two of Nicholas Malinosky and Randy Ely’s Exclusive Listings:
6161 North Ocean Boulevard, Ocean Ridge listed for $24.95 million
3545 North Ocean Boulevard, Gulf Stream listed for $20.95 million

Contact Nick and Randy with Douglas Elliman to discuss your luxury real estate goals.

Canadians Doubled Spending on U.S. Real Estate in Last Year

August 9, 2017

The National Association of Realtors reports great news for sellers in South Florida: ‘œMore than one out of three Canadian buyers in the U.S. choose homes in subtropical Florida, with the majority of those snapping up homes around Miami, Fort Lauderdale and West Palm Beach’. Over the past year, Canadians have doubled the amount spent on real estate in the US ‘“ $19 billion to be exact and mainly on vacation homes and residential investment properties. Mansion Global tells us ‘œThey look to their southern neighbor for sunny, high-end vacation spots in places like Florida’. Some may be surprised to learn that ‘œEven with a large contingent of Latin American buyers in Florida, Canadians spent the most of any foreign nationals in the state’”around $3 billion in 2016’. ‘œCanada’s burning hot housing market, particularly in Toronto and Vancouver, has fueled purchases in the U.S., as baby boomers cash out on their long-time family homes in Canada and use the spoils to pick up amenity-rich second homes in the U.S.’.

What are the Canadians buying?
The typical buyers is looking for a low maintenance vacation spot, so it is no surprise most buyers are looking for a luxury condo in the beach area. ‘œA lot of those snowbirds want new developments. It’s their resort property,’ said Ms. Fox, who will soon launch sales in Canada for the new Four Season Private Residences Fort Lauderdale. ‘œThey want a valet, they want a concierge, they like maid service.’ ‘œNew developments in Boca Raton like Akoya Boca West, a condominium at the Boca West Country Club, have seen an influx of new high-end buyers from Canada, a spokeswoman for the development said’. In fact, Akoya already has over 20 Canadian owners which is helping sales with other Canada based households.

How are they buying?
‘œThe vast majority of Canadian buyers in the U.S., some 76%, pay for their homes in all cash, according to John Slivon, president of the realtors association in Palm Beach and Greater Fort Lauderdale’. The typical Canadian buyers have several million in assets and many are looking for luxury homes in the $1 million to $3 million dollar range, making Palm Beach, Fort Lauderdale, and Miami beach area homes very desirable. See Mansion Global article.

Contact Nicholas Malinosky and Randy with Douglas Elliman if you are looking to buy or sell a luxury oceanfront, waterfront or beach area home in South Florida.

Delray Beach Annual 4th of July Celebration

July 1, 2017

Delray Beach is gearing up for its annual 4th of July celebration. See Details

The City of Delray Beach proudly hosts this annual event for locals and tourists alike. Activities are offered throughout the day kicking off at 8:00 am with the Sand Castle Contest and ending with the celebratory Fireworks Display at 9:00 pm. Don’t miss the Flag Raising Ceremony and activities at 5:00 pm showcasing the city’s new 60-foot American flag.

Make your way to the hub where ‘œAtlantic Avenue meets the Atlantic Ocean’. The celebration offers something for everyone and is an annual favorite event. See Activities

Delray Beach is an award-winning city and a favorite destination for residents and season visitors alike.

Interested in the Delray Beach luxury real estate market? Here is one of Nick and Randy’s Exclusive Listings on the Intracoastal Waterway:
617 Palm Trail, Delray Beach listed at $6.49M, a brand new waterfront home nearing completion

Contact Nicholas Malinosky and Randy Ely to discuss the exciting possibilities that await.

Photo courtesy of City of Delray Beach website.

Oceanfront Luxury Condo Just Listed by Nicholas Malinosky and Katherine Tolman

June 15, 2017

An oceanfront luxury condo just hit the market. Nicholas Malinosky and Katherine Tolman just listed a 19th floor unit at the Las Olas Beach Club. The high-end condo located at 101 South Fort Lauderdale Beach Boulevard #1903 is featured on randyandnick.com and was entered in Beaches Multiple Listing Service (MLS) on June 15, 2017 with an asking price of $2.35M. The three bedroom is also featured on real estate websites such as Zillow, Realtor.com, Trulia, Elliman.com and Knight Frank Residential.

Gorgeous views await from this oceanfront condo located at the Las Olas Beach Club; a concierge service condominium with luxury amenities galore. A 19th floor location promises stunning, unobstructed ocean views from the east and exciting city and Intracoastal views from the west. With designated elevators for each unit, privacy abounds with direct lobby-to-foyer access. The double door entry leading from the foyer to the unit unveils the sleek design, marble floors and open floor plan. The gorgeous ocean and city views are immediately visible thanks to the full length glass sliders that can be opened to enjoy the gentle sea breezes. The white marble floors and freshly painted interior further enhance the spacious feel of the open floor plan. Features include living room, kitchen with snack bar, dining room, family room, spacious master suite with master bath, two additional guest rooms, laundry room and ample storage. The expansive oceanfront balcony offers plenty of space for outdoor living areas with access to the kitchen, living room and master suite. The west balcony has room for outdoor furniture with access to the family room and both guest bedrooms. Other features include custom lighting and audio systems, two-zone air conditioners with separate closets, marble floors throughout, marble showers, custom cabinets and vanities, electric shades, ceiling fans and brand new interior paint throughout. With 3,599 total square feet, this spacious 19th floor unit lives like a luxurious home with the added benefit of resort-style services. Las Olas Beach Club is a 29 story condo offering luxury amenities including valet parking, sauna and steam rooms, state-of the-art fitness center, clubroom and billiards room, conference room, marble lobby with staffed front desk, concierge desk, management team and 24-hour security. The spacious oceanfront terrace has been completely renovated and features a heated pool with spa, infinity edge pool with hot tub, numerous outdoor living and lounge areas, grills and endless ocean views. Enjoy the restaurants, shops and beach all conveniently located just outside. There are two under-building garage parking spaces for the unit as well as an additional storage space included. Up to two pets allowed and leasing is allowed for a minimum of six months and no more than two times per year. This three-bedroom unit is simply stunning offering picturesque ocean, city and Intracoastal views in one of Fort Lauderdale’s most celebrated high-end condominiums. Come live the luxury lifestyle you expect and deserve. Please see Property Details

Nicholas Malinosky and Katherine Tolman of Douglas Elliman are pleased to add this luxury condo to Team Randy & Nick’s exclusive listing inventory. With stunning ocean views and a premier location, the condo represents luxury living at its best. Please contact Nick and Katherine for more details or to schedule a showing.

Nicholas Malinosky Sold Another Home in East Delray Beach’s Seagate Estate Section

June 13, 2017

Nicholas Malinosky just sold another home in East Delray Beach’s Seagate Estate Section. The property located at 1010 Tamarind Road, Delray Beach, Florida closed on June 12, 2017 with a sales price of $1,450,000.

This beach area home is located in the Seagate Estate Section of East Delray Beach. The large parcel offers 100 feet of frontage and 175 feet of depth providing ample green spaces plus room for a pool. The charming Florida style home can be renovated or you can build your dream home. This is a prime beach area location just blocks from the ocean and Atlantic Avenue’s shops and restaurants. Please see Property Details .

Top agent, Nick Malinosky on Douglas Elliman was on both sides of the transaction. After meeting with the seller to discuss listing the home for sale, Nick contacted one his clients who was looking for a beach area home. The potential buyer toured the property the next day and made an offer. The seller was thrilled to be under contract in less than a week after the initial listing meeting. Nick congratulates the seller on a successful closing and is pleased to welcome the buyer to his new beach area home in East Delray Beach.

As luxury real estate agents who focus solely on South Florida’s beach area, Nick Malinosky and Randy Ely are knowledgeable about the current luxury market and trends. If you are serious about selling your luxury property, please contact Nicholas Malinosky and Randy Ely, the #1 Luxury Team in the Beach Area.

East Delray Beach Waterfront Home Sold in 52 Days by Randy Ely and Nicholas Malinosky

April 10, 2017

Luxury Real Estate Specialists, Randy Ely and Nicholas Malinosky just sold their waterfront listing at 1101 Island Drive, Delray Beach, Florida. According to Beaches Multiple Listing Service (MLS), the waterfront home sold in just 52 days for $2,900,000.

Boasting 100 feet of waterfrontage and gorgeous water views, this waterfront home is bright and light with lots of windows, French doors and sliding glass doors. The interior has a great floor plan that showcases the water views and features special touches like tray ceilings, custom moldings and hardwood and tile floors. Features include entry foyer, formal living room, formal dining room, expansive family room, spacious kitchen, master suite with sun room, two additional bedrooms and a guest suite with casual living room, bedroom and bath. Professionally landscaped, outdoor features include decorative patio, heated pool and private dock with boat lift. Please see Property Details.

Randy Ely and Nicholas Malinosky know the importance of proper pricing. This waterfront home hit the market on January 31, 2017 with a list price of $3,595,000. The team reduced the price on March 2 to $3,299,000 and had it under contract by March 27 with a closing date of April 10. Randy and Nick helped the seller navigate through the current market trends and were able to accomplish a sale by stressing the importance of proper pricing.

Ready to discuss selling your luxury home? Want more information about the current real estate market? Contact Nicholas Malinosky and Randy Ely today. Whether you are selling or buying, Mr. Malinosky and Mr. Ely can help you achieve your luxury real estate goals.

55th Annual Delray Affair This Weekend

April 6, 2017

It’s that exciting time of year again! The Greater Delray Beach Changer of Commerce will celebrate its 55th year of the Delray Affair this weekend.

The Delray Affair is the largest arts and craft festival in the Southeast United States and takes place along the downtown streets of Delray Beach, Florida stretching 12 city blocks from the Intracoastal Waterway to NW 2nd Avenue. See Details. Come to the Delray Affair and find out why Delray is such a popular place to live!

Ready to move to Delray Beach so you can enjoy all the sun and fun? Check out just a few of our Delray Beach exclusive listings:
617 Palm Trail, Delray Beach listed at $6.49M
1215 Southways, Delray Beach listed at $2.195M
58 Seabreeze Avenue, Delray Beach listed at $2.095M
314 Venetian Drive #2, #8 and #9, Delray Beach listed at $1.197M

Want more information about the Luxury Real Estate Market, please contact Randy Ely and Nicholas Malinosky, the #1 Luxury Team in the Beach Area.

Another Ocean Ridge Waterfront Home Sold by Nicholas Malinosky

April 5, 2017

Top Beach Area Team Member, Nicholas Malinosky just sold the waterfront home located at 67 Spanish River Drive, Ocean Ridge, Florida. According to Beaches Multiple Listing Service (MLS), the sale took place on April 4, 2017.

Situated on one-half of an acre with 166 feet of waterfrontage, the Bermuda style home features three bedrooms plus a guest house, hardwood floors, fireplaces, pool and private dock. The residence is conveniently located near the beach and inlet. Enjoy the scenic drive along A1A to Delray Beach’s Atlantic Avenue and Palm Beach’s Worth Avenue. Privacy and charm abound in this Ocean Ridge waterfront home. See Property Details

Looking to purchase a waterfront residence? Nicholas Malinosky and Randy Ely have several waterfront homes in their Exclusive Listing Inventory
3232 Polo Drive, Gulf Stream listed at $6.75M
617 Palm Trail, Delray Beach listed at $6.49M
124 Marlin Drive, Ocean Ridge listed at $3.25M

As the #1 Luxury Team in the Beach Area, Nicholas Malinosky and Randy Ely are happy to assist you with your real estate goals. Please contact them today and visit www.RandyandNick.com.