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U.S.-China Relationship Key to Global Luxury Real Estate’s Future, Says Knight Frank’s Market Watcher

July 24, 2017

‘œLuxury implies quality, but ultimately it’s also defined by rarity. It’s difficult to have mainstream luxury. That’s a challenge handbag makers and designers grapple with.’ – Liam Bailey

When global head of Knight Frank’s Research department, Liam Bailey was asked what area was the next hub for luxury properties his response was, ‘œIt’s probably fair to say that it’ll be more of the same. Cities like London, New York, Miami’”established hot spots’”will become more desirable over time. What we’ve seen in the last two decades is how globalized these places can become. Demands for top hubs will increase more than anywhere else, and the difference between them and others will widen over the time’.

This is great news for us in Palm Beach County as many buyers in Miami have been moving north to Fort Lauderdale, Delray Beach, and Palm Beach. Baily also touches on how governments are becoming more and more involved in the luxury real estate market and how the global economy is a huge factor in the market. ‘œOpen trade between those two countries (America & China) will set the benchmark for the rest of the world. Ultimately, for luxury real estate that’s one of the most important things to be maintained’.

One thing that can be agreed upon regardless of the market in question is that the most important feature and valuable amenity is ‘œspace and flow of space’. See full article from Mansion Global

What market has the best resale value and the most expensive luxury real estate at the moment? Hong Kong.

Want more information about the luxury real estate market? Contact Nicholas Malinosky and Randy Ely to discuss your real estate goals.

Composite photo: Roberto Machado Noa/Getty Images; Giuseppe Torre/Getty Images

Blog, News Press, Real Estate

Palm Beach Luxury Real Estate Winter Season in Review

May 6, 2016

According to a Palm Beach Daily News Article by Darrell Hofheinz, the Palm Beach Luxury Real Estate Winter Season ‘œwasn’t explosive but it was active as buyer and sellers met in the middle over prices.’ Hofheinz notes that the real estate market found ‘œmore solid ground’ over the last seven months. He further explains that ‘œregaining balance was a recurring theme in conversations’ amongst those who work in the business.

Palm Beach’s winter real estate season was busy but not ‘œfrantic’ and saw more sellers entering the market. According to article, listings have increased from 136 a year ago to 167 currently listed in the Palm Beach Board of Realtors Multiple Listing Service (MLS).

When asked about the winter season, Bill Yahn who serves as Douglas Elliman Real Estate’s Regional Senior Vice President South Florida said ‘œit’s merely a sign that the market has become more sustainable. This is common. We’ve seen it before. Prices move up, and it’s a buyer’s market ‘“ and then it levels off. And we find parity between buyers and sellers.’

Hofheinz reminds readers of several factors that marked the winter real estate season. The stock market, the presidential-election season, the earlier weak Canadian dollar, a mild winter in the North, and the early end of the season with Easter falling on March 27.

Either way, brokers are ‘œexpecting sales to continue apace through May and even into early season’. One Palm Beach Broker is quoted as saying, ‘œWe’re going to look back at 2016 and say it was a strong season. But it’s a late bloomer.’ See Full Article

Ready to discuss the current luxury real estate market? Contact Randy Ely and Nicholas Malinosky about the value of your luxury residence or for a complete list of luxury homes that are currently for sale. Mr. Ely and Mr. Malinosky are ready to help you achieve your luxury real estate goals.

Blog, News Press, Real Estate

Douglas Elliman Real Estate Celebrates 2015 Record-Breaking Sales of $21 Billion

March 23, 2016

According to a March 22 post on both The Real Deal and New York’s citybizlist, Douglas Elliman Real Estate had its best year yet in 2015 with a record $21 billion in sales volume. The numbers represent a nearly 17% year-over-year increase in nationwide sales volume for the company. See Details

The announcement was celebrated on March 6 in Fort Lauderdale where Corcoran President and CEO, Pamela Liebman accepted four ‘œ2015 Top Performing NRT Company’ awards. See Details

The Douglas Elliman Real Estate operates 40 offices with 2,200 sales associates serving New York and South Florida. Randy Ely and Nicholas Malinosky are agents in the Delray Beach Corcoran office and are pleased to have helped contribute to this award-winning accomplishment.

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

Blog, Featured Listings, For Sale, News Press, Real Estate

East Delray Beach Bar Harbour Condo Hits the Luxury Real Estate Market

March 17, 2016

A Bar Harbour condo unit just hit the beach area luxury real estate market. The condo located at 86 MacFarlane Drive #8A, Delray Beach, Florida was entered in the Multiple Listing Service on March 16, 2016 with a list price of $1.195M. This stunning condo is also featured on RandyandNick.com, Corcoran.com, Zillow, Trulia and Realtor.com.

This East Delray Beach 8th Floor unit has been completely remodeled and professionally designed with ocean, Intracoastal and city views. Filled with natural light and professionally designed to reflect the sparkling coastal views, this 8th floor southeast and southwest facing corner unit is picture perfect. Every inch of the interior has been beautifully remastered with European French oak wood floors, white walls, clean lines, Carrera marble accents and endless water views all creating a stunning seaside condo. Features include secure lobby entry with staffed front desk, elevator to unit floor, living room with wall of windows and sliders that open to spacious balcony, dining area and kitchen have a subtle contemporary flair, private master suite and master and second guest room with bath. Completely remodeled, many custom features and upgrades include marble floors, showers and countertops; LED lighting; custom crown moldings and baseboards; custom bathrooms with walk-in showers; impact windows and doors; and in-unit laundry closet with washer and dryer. Bar Harbour is an exceptional condominium with remarkable amenities including direct Intracoastal pool with barbeque area, private storage locker, exercise room, library, club room, common laundry, bike storage, trash chute, covered parking spot and a guest suite on the first floor available for out-of-town guests. This Bar Harbour unit has been completely remodeled and professionally designed to create the perfect seaside condo to call home. Come enjoy the luxury lifestyle in this picture perfect unit.

Please see Property Details .

This rarely available condo is exclusively listed by Randy Ely and Nicholas Malinosky of the Douglas Elliman Real Estate. Looking to buy a luxury residence in South Florida’s beach area? Want more information about the Luxury Real Estate Market, please contact Randy Ely and Nicholas Malinosky, the #1 Luxury Team in the Beach Area.

Blog, News Press, Real Estate, Sold

Randy Ely and Nicholas Malinosky Just Sold 330 Banyan Road, Gulf Stream

March 10, 2016

Randy Ely and Nicolas Malinosky just sold their exclusive listing at 330 Banyan Road, Gulf Stream, Florida. The Multiple Listing Service (MLS) recorded the listing as ‘œClosed’ on March 10, 2016.

Located on a large corner lot, this Gulf Stream seaside estate is just three homes from the Atlantic Ocean and one block from Gulf Stream School. Professionally decorated by Phoebe Howard and sold furnished, this seaside estate was listed at $4,495M. See Property Details

Mr. Ely and Mr. Malinosky thoroughly enjoyed marketing this luxury property and welcome the buyer to the Gulf Stream neighborhood.

Randy Ely and Nicholas Malinosky are off to a strong start in the 2016 real estate market. They have already sold four luxury residences and have three more properties currently under contract.

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

Blog, Featured Listings, For Sale, News Press, Real Estate

Brand New and Just Listed 617 Palm Trail, Delray Beach, Florida

February 11, 2016

A brand new direct Intracoastal waterfront estate just hit South Florida’s luxury real estate market. The residence is currently under construction and located at 617 Palm Trail, Delray Beach, Florida. The contemporary waterfront estate was entered in the Multiple Listing Service on February 10, 2016 with a list price of $5.95M. This property is also featured on RandyandNick.com, Corcoran.com, Zillow, Trulia and Realtor.com.

This Coastal Contemporary Waterfront Estate is located in East Delray Beach’s highly desirable Palm Trail neighborhood overlooking a four-acre nature preserve providing serenity and privacy. Brand new 80-foot concrete dock and no-wake zone with the Boynton Beach and Boca Raton Inlets nearby. The residence will feature some of the finest finishes and attention to detail the industry has to offer. The open floor plan allows each room to flow effortlessly to the next while the abundance of windows provide plenty of natural light and stunning views of the pool, landscaped grounds and Intracoastal. Features include gated entrance and motor court; expansive living and dining room overlooking the loggia and pool; gourmet kitchen that opens to the family room; clubroom separated from living room by two-sided gas linear fireplace; office with full bath, closet and access to a separate one-car garage; laundry room and mudroom with extra storage provided between a three-car garage and the kitchen. The second floor features the private master wing with vaulted ceilings, morning bar, his-and-her walk-in closets, master bath and private covered balcony with outdoor natural gas linear fireplace. The second floor guest wing features three suites that offer walk-in closets and private access to an open balcony with views of the pool and waterway. The second floor also features a separate covered balcony off the guest room hallway, a second laundry room and a bridge to the multi-purpose suite that can serve as gym, theater or guest quarters with fully equipped plumbing. The exterior features are enhanced by two outdoor loggias with ample space for outdoor living and dining areas complete with summer kitchen and cabana bath. Open terraces surround the 40-foot infinity edge heated pool with spa and salt generator, all of which are Wi-Fi enabled. Designed to perfection and built to the highest of standards, custom features include extensive millwork, wide plank white oak floors, built-in cabinetry and artificial turf driveway. Additional features include privacy wall and electric sliding gate entry with video monitoring, security system with motion detection, security camera system with Wi-Fi integration, home automation system with Android and Apple device integration, generator, and four-zone air conditioning system with Nest Wi-Fi thermostats. Designed by award winning architect Richard Jones and developed by Azure Development, a well-known luxury homebuilder with a 30 year history in South Florida, this contemporary masterpiece was created to showcase the stellar water views and expansive grounds. From start to finish, this waterfront estate is absolutely spectacular and is truly one of a kind. Please ask for survey, site plan, spec sheet and floor plans. Please see Property Details .

This exciting and contemporary waterfront estate is under construction and exclusively listed by Randy Ely and Nicholas Malinosky of the Douglas Elliman Real Estate.

Looking to buy a brand new waterfront estate in South Florida? Want more information about the Luxury Real Estate Market, please contact Randy Ely and Nicholas Malinosky, the #1 Luxury Team in the Beach Area.

Blog, Featured Listings, For Sale, News Press, Real Estate

3232 Polo Drive, Gulf Stream, Florida Hits the Market

February 11, 2016

A direct Intracoastal waterfront estate just hit South Florida’s luxury real estate market. The residence located at 3232 Polo Drive, Gulf Stream, Florida was entered in the Multiple Listing Service on February 10, 2016 with a list price of $7.95M. This luxurious new listing is also featured on RandyandNick.com, Corcoran.com, Zillow, Trulia and Realtor.com.

This Brilliant West Indies style waterfront estate is situated on 150 feet of direct waterfrontage and provides protected, deep-water dockage with easy ocean access. Offered furnished, the home is in immaculate, brand new condition and has some of the finest mill work, craftsmanship and finishes the industries has to offer. The property was created with an open floor plan and is designed to seamlessly flow from its interior living space to the outdoor elements via open doorways and Nano-Walls throughout. First floor features includes chef’s kitchen, open dining and living rooms with stunning water views, office with fireplace, three full bedrooms including first floor guest master as well as a guest suite with small kitchen. Second floor features one guest bedroom and a phenomenal master suite which includes two private bathrooms and his-and-her closets all of which open up to a beautiful balcony with stunning water views. Other features include elevator, impact doors and windows, cypress ceilings, tumbled Jerusalem marble, hand scraped Santo mahogany, surround sound throughout, three car garage and more. Lush tropical custom landscaping provides extreme privacy set around a calm and protected body of water. Custom pool and spa, outdoor shower, spacious yard, outdoor lanai and dining pavilion with electric screens, private walk-ways, private dock with power and fresh water, and full home generator. This waterfront estate is absolutely spectacular from start to finish.

Please see Property Details .

This amazing Gulf Stream waterfront estate is exclusively listed by Randy Ely and Nicholas Malinosky of the Douglas Elliman Real Estate. REAL Trends/Wall Street Journal, The Thousand ranked Randy and Nick as #1 in Florida and #9 in the nation for Top Team Average Sales Price of $8.17M.

Looking to buy a luxury residence in South Florida’s beach area? Would you like more information about the current Luxury Real Estate Market? Please contact Randy Ely and Nicholas Malinosky, the #1 Luxury Team in the Beach Area.