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| | Discover the power of SouthBanking's innovative platform. Manage multi-currency accounts, digital tokens, and seamless international transactions with ease. Enjoy secure, efficient, and accessible global banking tailored to meet your needs. Whether for personal or business use, SouthBanking simplifies your financial operations and puts you in control. | | | | | SoHo Loft Slashes Price to $15.95 Million | | | | A Price Cut of Over $7 Million A stunning SoHo loft has recently undergone a significant price reduction, now listed for $15.95 million, down from its original asking price of $23.25 million. The luxury property has been on the market for a while, and after no buyers came forward, the seller opted for a dramatic price cut.
Unusual Features Elevate This Loft The spacious 4,800-square-foot apartment features three bedrooms and an array of unique design elements. These include a “mood” wall in the powder room that changes colors and a motorized headboard in the master suite. The headboard can be adjusted with the push of a button to face either the terrace or the fireplace, providing a truly customizable experience.
Attention to Detail The loft's interior is furnished with white walls and European oak flooring, each piece showcasing varying shades of gray. State-of-the-art technology enhances comfort, with temperature and lighting easily controlled via an RTI entry touch screen or remotely via smartphone. The master bathroom offers a copper bathtub, further elevating the home’s luxurious feel.
Additional Features to Impress For those with pets, the loft also features a unique tunnel designed for cats to travel between the kitchen and litter box. Outdoors, the 550-square-foot terrace provides a peaceful retreat, perfect for entertaining or unwinding.
Building History The loft is located in 50 Wooster Street, a building steeped in history. Completed in 1895, the nine-story, eight-unit loft building was later combined with the neighboring 42 Wooster Street in the late 1990s to form a larger condominium. | | | | Unlock Exclusive Access to High-Value Readers | | Welcome to Prime Properties Daily – your ultimate destination for high-end real estate insights. From breathtaking architectural designs to lucrative investment opportunities, we deliver essential updates on the world’s most exclusive properties and luxury markets. Trusted by our readers for expert commentary and market trends, Prime Properties Daily also offers advertisers an exceptional platform to connect with a highly engaged, affluent audience.
Our readership is composed of discerning individuals, with a 60% male and 40% female split, primarily aged 30 to 69, and heavily concentrated in the 40-49 demographic. Earning between $120,000 and $250,000 annually, these are real estate investors, high-net-worth individuals, agents, and brokers who prioritize luxury living, property investments, and market trends. Their interests encompass high-end home design and renovations, reflecting their focus on exclusivity and premium quality.
Geographically, this audience is concentrated in key high-value markets such as California, Florida, and New York, making Prime Properties Daily the ideal platform for brands seeking to engage with the elite real estate community. | | | | | Santa Monica Compound Listed for $3 Million | | | | A Unique Santa Monica Property A distinct three-building compound in Santa Monica has recently hit the market for $2.995 million. This property, which features a charming 1927-built main house, a 1,200-square-foot studio, and a stand-alone gym, offers a combination of historic elegance and modern design. Originally purchased in 2015 for $2.68 million, the property has since undergone extensive renovations.
Extensive Renovations Add Value The main house, a Spanish-style bungalow, underwent significant transformations, including a second floor addition and a 22-foot-high ceiling. These enhancements, led by architect Ruben Ojeda, also preserved the home’s Spanish character while introducing contemporary updates. The house now spans 2,400 square feet and boasts a mix of rustic wooden beams, large windows, and barrel ceilings.
Studio and Gym Provide Versatility The 1,200-square-foot studio, designed by the well-regarded architecture firm Koning Eizenberg, stands as one of the firm’s early notable works. With its high ceilings and expansive windows, the studio offers a flexible space suitable for a variety of purposes. Additionally, a 1920s garage on the property has been repurposed as a gym, adding another layer of functionality to this unique compound. | | | | | | | | | | High Housing Costs Slow Home Sales, Relief on the Horizon | | | | Rising Housing Payments Strain Buyers The median monthly housing payment in the U.S. has reached $2,686, marking the highest level in nearly seven months. This increase is largely due to rising mortgage rates and higher home prices, which have put many potential homebuyers on hold. The weekly mortgage rate has surged to 7.04%, the highest since May, while the median home-sale price has risen 5% year-over-year.
Sales Are Slowing Amid High Costs Pending home sales have dropped by 10.1% annually, marking the largest decline in over a year. Redfin’s Homebuyer Demand Index, a measure of buyer activity, is hovering near its lowest level since June. Homes are also taking longer to sell, with the average property now sitting on the market for 52 days, the longest span in two years.
Market Factors Impacting Home Sales In addition to high housing costs, other factors contributing to the slowdown include extreme weather conditions in parts of the country, wildfires in California, and a lack of new listings. Some buyers may also be holding off, waiting to see if political changes, such as the new administration’s policies, will affect the housing market.
Potential Relief for Homebuyers There is hope for buyers as mortgage rates recently started to decrease, following a softer-than-expected CPI report. Redfin economists anticipate that rates could decline further if there is a continued reduction in tariff-related concerns. Additionally, home-sale price increases may be slowing, with the 5% year-over-year rise being the smallest since October.
Los Angeles Wildfires Spur Rental Demand In Los Angeles, the ongoing wildfires have significantly impacted housing demand. Approximately 17% of homes within the areas affected by the Palisades and Eaton fires have been damaged or destroyed, leading to a surge in rental searches. Rental listings in Los Angeles County have nearly doubled compared to last year, with many would-be buyers sidelined by the destruction. | | | | A French Chateau-Inspired Mansion in Dallas for $7.5 Million | | | | A Unique Dallas Property Nestled in the prestigious Preston Hollow neighborhood of Dallas, this luxurious residence offers a French chateau-inspired design that contrasts with the typical Texan aesthetic. Priced at $7.5 million, the home at 4834 North Lindhurst Avenue features six bedrooms, six bathrooms, and nearly 10,000 square feet of exquisite living space. Built in 1998, this opulent mansion is a true testament to grandeur.
Lavish Details Throughout The mansion’s design includes Doric-style columns, an arched entrance, and a wrought-iron balcony that sets the tone for the entire property. Inside, soaring ceilings and a spiral staircase enhance the airy foyer, while the elegant living room features one of the home’s eight fireplaces. The dining room and gourmet kitchen are both designed with meticulous attention to detail, showcasing intricate plaster moldings and an eye-catching cartouche above the oven.
Elegant Primary Suite The main floor features a lavish primary suite, complete with gold-toned boiserie, a fireplace flanked by windows, and a crystal chandelier suspended from a high ceiling. The en-suite bathroom evokes the splendor of the Palace of Versailles, boasting gold finishes and black Petero marble accents that highlight the soaking tub and fireplace.
Entertainer’s Dream For those who love to entertain, this property delivers with standout features like a plush home theater, a 1,600-bottle wine room, and a four-car garage. The outdoor spaces are just as impressive, with a dramatic pool, cabanas, a hot tub, and a lush garden. A 400-square-foot loggia overlooks the backyard, while an open-air pavilion, known as the “outdoor living center,” includes a summer kitchen and barbecue grill, perfect for hosting guests year-round. | | | | A Historic $65 Million Gilded Age Mansion Hits the Market | | | | A Timeless Treasure in New York A grand piece of New York's architectural history is now available, as a remarkable Gilded Age mansion at 15 East 63rd Street is listed for $65 million. Built in 1901 for financier Elias Asiel, this extraordinary residence represents the opulence of the Gilded Age, an era when the wealthiest families spared no expense in their homes' design and embellishment. With its Beaux Arts-style architecture, the mansion spans 18,000 square feet and retains much of its original grandeur.
Designed by a Renowned Architect The mansion was designed by celebrated architect John H. Duncan, renowned for his other prestigious commissions, including estates in Greenwich and Manhattan and the tomb of Ulysses S. Grant. The limestone exterior, inspired by Parisian architecture, is adorned with intricate floral garlands, oversized arched windows, and a copper mansard roof, giving the property an elegant, timeless charm.
Spacious and Elegant Interiors Inside, the mansion offers seven bedrooms, 12 bathrooms, and four powder rooms, spread across eight floors. The original marble staircase connects all levels, and the expansive reception rooms, soaring ceilings, and ornate details such as intricate moldings and reliefs lend a palatial feel to the residence. The circular dining room, complete with one of the home’s 14 fireplaces, is just one of the highlights of this magnificent home.
A Home Built for Entertaining The home’s design reflects its purpose as a space for grand entertaining. A museum-like gallery with 17-foot ceilings greets visitors on the second floor, alongside a wood-paneled drawing room with an ornate ceiling. A conservatory off the drawing room opens onto a small terrace, enhancing the home’s livability. On the upper floors, a spacious primary suite, multiple bedrooms, sitting rooms, and two rooftop terraces provide ample space for both relaxation and hosting guests, offering stunning views of Central Park and the city skyline.
Potential for Further Development In addition to the elegant living spaces, the mansion also features a library, a gym, and two subterranean levels that offer further development potential. Located in the heart of the Upper East Side, the mansion is surrounded by other surviving Gilded Age homes, making it a rare and exceptional piece of New York real estate. |
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