Subject: 💥 Historic Warhol Studio Fetches $10M!

Luxury Price for Iconic Studio!

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A Piece of Art History: Former Warhol Studio Sells for $10 Million

A historic two-story property in Manhattan, once home to Andy Warhol's creative process, has been sold for $9.975 million. The building, located at 159 East 87th St. on the Upper East Side, was originally rented by Warhol in the early 1960s for a modest $150 per month.


An Iconic Location in Manhattan's Upper East Side

The property, a former firehouse, holds a significant place in art history. Warhol, known for revolutionizing the pop art movement, transformed this 5,000-square-foot space into his first studio away from his Lexington Avenue home. The building became a canvas for the creative energy that fueled Warhol's iconic works.


A Legacy that Commands Premium Prices

While Warhol's art is renowned for commanding high prices, it appears that the places he worked in are also seen as valuable pieces of cultural heritage. The sale of the property was finalized by Warhol Hook and Ladder LLC, with the seller being Wildenstein & Co., a name synonymous with art and luxury.


A New Chapter for the Iconic Space

Although the previous owners are involved in high-profile legal battles, the sale of this iconic property marks a new chapter for a building that witnessed the birth of some of Warhol's most famous works. For the buyer, acquiring such a piece of art history is a significant investment, further elevating the building’s legacy.

Live in Legendary Luxury: Beverly Hills Mansion Hits Market for $22.8 Million

This historic Beverly Hills estate, featuring two homes on one sprawling lot, has been listed for $22.8 million. A true entertainer's paradise, this property offers unparalleled amenities and a rich legacy, having once been home to the Hollywood elite.


A Rich History of Glamour and Opulence

The property spans an impressive 15,500 square feet and includes nine bedrooms and ten bathrooms. Originally listed for $28 million, the price has since been reduced, now presenting a unique opportunity for those seeking a luxurious living experience in one of Los Angeles' most sought-after neighborhoods.


An Entertainer’s Dream Home

With a range of recreational features, this estate offers everything needed for the ultimate lifestyle. A tennis court, putting green, antique bowling alley, billiards room, and a private gym make it a haven for sports enthusiasts. A small, beautiful pool adds to the appeal, ensuring every event is filled with both fun and relaxation.


Architectural Elegance with Timeless Charm

Built in 1941 by renowned architect Paul Williams, the home has been impeccably designed with attention to every detail. A favorite among high-profile individuals, this estate's interiors were renovated seven years ago by a designer known for his work with Ralph Lauren. Classic neutral tones, animal prints, and rich textures define the interior spaces, while a full bar and screening room elevate the entertainment potential.


Exclusive Amenities for Ultimate Privacy and Comfort

The property also boasts a two-bedroom guesthouse, sauna, and separate garage, making it ideal for hosting both friends and staff. The outdoor spaces feature a tranquil fountain, koi pond, and private gazebo—perfect for relaxing or hosting lavish gatherings. The estate’s allure extends to its rental potential, with its celebrity clientele and exclusive allure commanding up to $150,000 per month in peak seasons.

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Manhattan's Modest Property Growth: A Decade of Stability

Manhattan Real Estate Trends in 2024

In 2024, Manhattan’s real estate market experienced slow and modest growth, with apartment prices increasing by less than 10% since 2015. Smaller units, such as studios and one-bedroom apartments, saw notable price increases, while larger properties, including three-bedroom and four-bedroom apartments, faced price declines. The luxury market also struggled, with prices remaining below their 2016 peak despite a slight rise in median prices.


Smaller Units Lead Price Growth

As we look ahead to 2025, smaller apartments are expected to continue driving price growth. Studios and one-bedrooms remain in high demand due to affordability and flexibility, particularly in well-connected neighborhoods. Larger apartments, however, may still struggle to regain value as buyers gravitate toward more compact, cost-effective living spaces. This trend is likely to persist, particularly in urban areas with limited housing stock.


Impact of Mortgage Rates on the Market

High mortgage rates in 2024 created challenges for buyers, but the market still saw slight sales growth. If mortgage rates remain elevated into 2025, the real estate market may continue to face slow activity. However, if rates decrease, there could be an uptick in sales and renewed buyer interest, which could stimulate the market, particularly in the mid-range and luxury segments. Economic shifts or policy changes may also influence buyer behavior and sales activity in the coming year.


Neighborhood Variability and Luxury Market Outlook

Price fluctuations in different Manhattan neighborhoods will likely continue in 2025, with some areas like the Upper East Side seeing price increases, while others, such as SoHo and Tribeca, may experience declines. The luxury market remains uncertain, as it faces competition from other cities and may depend on global economic factors. Low inventory combined with high demand for smaller units could keep prices steady, while larger units may continue to face challenges in terms of price recovery.

$64.5 Million Tuscan-Inspired Estate in Santa Ynez Valley

A luxurious 200-acre estate nestled in the heart of California’s wine country has just hit the market for an impressive $64.5 million. Known as the Westerly Estate, this grand property offers a mix of natural beauty, world-class amenities, and Tuscan-inspired architecture, making it one of the most coveted retreats in Santa Barbara County.


A Vineyard Paradise with Elegant Surroundings

This 20,000-square-foot villa sits on 82 acres of lush vineyards, orchards, and olive groves, surrounded by scenic views and complete privacy. The estate is complemented by a two-acre stocked lake and equestrian facilities, which include a barn currently housing several horses. This exceptional property also features vegetable gardens and fruit trees, creating a self-sustaining environment for its residents.


Breathtaking Design and Luxurious Features

The villa’s striking design is inspired by Tuscan style, with an expansive interior featuring 40-foot ceilings in the central courtyard. The residence includes three bedrooms, three bathrooms, and five additional guest rooms, ideal for hosting visitors in style. The main living areas are adorned with 10 wood-burning fireplaces and a sophisticated wine cellar.


A Dream Home for Entertaining and Relaxation

The property offers numerous amenities to enhance the lifestyle of its owners. A billiards room doubles as a library and office, while a farmhouse-style kitchen is equipped with a butler’s pantry and wood cabinetry. The deluxe primary suite, located on the second floor, offers stunning views of the private lake and boasts a two-level walk-in closet and dressing area.


An Ideal Retreat in Wine Country

Originally purchased as a future retirement home, the estate has since been meticulously renovated, with $10 million spent on upgrades including a new swimming pool, HVAC systems, infrared spa, and pickleball court. However, after spending only a few months per year on the estate, the owners have decided to downsize, offering this unparalleled property to the next fortunate buyer.

Big Sur’s Unmatched Oceanfront Estate for $22 Million

A one-of-a-kind estate in Big Sur, California, perched dramatically above the Pacific Ocean, is now available for $22 million. Known for its unparalleled coastal views, expansive grounds, and unique design, this property offers an exceptional opportunity for those seeking luxury and privacy in one of the world’s most coveted locations.


A Rare Gem in Big Sur’s Exclusive Market

Located on a rare 44-acre stretch of land, Bien Sur encompasses 19 acres of waterfront property and has been meticulously crafted to blend with its natural surroundings. Previously a single 55-acre parcel, this estate has been split into two listings, with Bien Sur being the larger of the two. The estate’s main residence, built in 1971, showcases midcentury-modern architecture combined with a chic bohemian flair, making it both timeless and inviting.


Exquisite Design and Secluded Luxury

The 2,536-square-foot home features three bedrooms, three bathrooms, and a powder room, along with expansive terraces offering breathtaking ocean views. Inside, cedar walls, wood shelving, and exposed wood-beamed ceilings contribute to the rustic yet modern feel. The living room, with its original floor-to-ceiling stone fireplace, is bathed in natural light. The primary suite is an absolute highlight, boasting vaulted ceilings, a massive stone fireplace, and a private terrace overlooking the Pacific.


An Oasis of Outdoor Beauty and Recreation

The property’s grounds are nothing short of spectacular, designed with lush gardens, koi ponds, and serene zen spaces. Outdoor entertainment areas include a bocce ball court, hot tub, and fire pits, creating the perfect environment for relaxation and gathering. A standalone Pilates studio offers sweeping ocean views, making it an ideal retreat for those seeking tranquility and fitness in nature.


Unrivaled Location and Unmatched Views

Bien Sur sits on one of the last remaining plots in Big Sur with direct access to the water, a feature that current building codes no longer allow. The estate includes seven guest houses, each with its unique design, as well as a funicular that provides a seamless journey from the cliffside to the main residence. This unparalleled location offers both complete privacy and sweeping vistas of the Pacific Ocean, ensuring that the estate remains a rare treasure on the Big Sur coastline.


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