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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. | | | | | | Carroll O'Connor's Iconic Dakota Apartment Sells for $2.84 Million | | | | A Glimpse into New York’s Elite Living One of the most storied buildings in New York City, The Dakota, has long been home to a select group of prominent figures, and it was no different for Carroll O'Connor. Known for his role in All in the Family, O'Connor's personal taste was far more refined than his character, Archie Bunker. His two-bedroom, two-bathroom apartment in The Dakota, an architectural gem, has just sold for $2.84 million.
A Storied Residence in an Iconic Location The south-facing apartment, located on the prestigious Upper West Side, offers a rare combination of elegance and historical charm. With towering 14-foot ceilings and expansive arched windows, the apartment has maintained many of its original prewar details, including herringbone floors and distinct molding. Two wood-burning fireplaces add warmth and sophistication to the home, all of which contributed to its appeal when it first hit the market in 2015 at a price of $3.6 million.
Price Adjustments and Final Sale After several years on the market, the listing price dropped to $2.93 million before finally securing a buyer. This sale marks the end of a chapter for the apartment, which remained under the ownership of O'Connor’s widow, Nancy, until her death in 2014.
The Dakota’s Legendary Legacy The Dakota is known for its exclusivity and its role as a home for many New York luminaries. The apartment is now poised to welcome new residents, offering a piece of New York City’s storied architectural and cultural history. | | | | Reach Your Ideal Audience Today | | Position your brand at the forefront of elite finance and technology communities by partnering with Wealth Daily Newsletter.
Since its launch in July 2022, Wealth Daily has become a trusted resource for High Net Worth Individuals (HNWIs), Family Offices, Venture Capitalists (VCs), and Asset Managers navigating the complex landscapes of business, finance, technology, and AI.
With a highly engaged subscriber base spanning the U.S. and Canada, concentrated in financial and tech hubs like New York, Silicon Valley, and Toronto, advertisers gain direct access to affluent decision-makers who prioritize innovation, investment opportunities, and industry insights. Leverage this exclusive platform to connect with a discerning audience that values impactful messaging, exclusive events, and cutting-edge trends. | | | | | Owlwood Estate Sells for $90M, A Timeless Icon in Los Angeles | | | | A Legacy of Glamour and Elegance The Owlwood Estate in Los Angeles, a property steeped in Hollywood history, has recently changed hands for an impressive $90 million. This iconic home, which once housed some of the most famous names in entertainment, now belongs to a real estate developer who is set to honor its storied past while looking to its future.
Hollywood’s History Embedded in the Walls The estate’s reputation is built upon its association with the rich and famous. From its early days, the property has seen a number of notable owners, including a legendary actor and a famous musical duo. Over the years, each owner added their own touches to the property, shaping it into the estate it is today. Despite its many transformations, the home has remained a symbol of old-world luxury, with its classic architectural details and lush grounds.
A Glimpse Into the Estate’s Origins Originally built in 1936 by renowned architect Robert D. Farquhar for Florence and Charles Quinn, the home was inspired by European design and stands as a testament to Italian Renaissance style. At the time of its completion, it was the largest private residence in Los Angeles. The estate’s subsequent owners—each with their own flair—have ensured that it remains a property with immense historical significance.
Expansive Grounds and Luxurious Features Spanning over 10 acres, the estate includes magnificent gardens, fruit trees, a tennis court, and two guard houses. The property also boasts a pool, pool house, and fountains. The sprawling estate’s interior continues to reflect classic luxury, with crown moldings, wood paneling, chandeliers, and several fireplaces, making it a quintessential example of grand Los Angeles living.
A New Chapter for the Iconic Estate While the estate’s rich history cannot be erased, the new owner plans to modernize the property, infusing it with contemporary luxury while retaining its legendary charm. The Owlwood Estate, once a symbol of opulence, is ready to take on a new role in the luxury market for generations to come. | | | | | | | | | | Manhattan Dominates U.S. Luxury Market with Surge in $10 Million Deals | | | | Manhattan Leads U.S. in Luxury Sales Manhattan has once again secured the top spot in the U.S. for $10 million-plus home sales, with 307 ultra-luxury transactions in 2024, representing a 20% increase from the previous year. The total sales volume for these high-end properties reached an impressive $7.55 billion. This marks the third consecutive year the New York City borough has led the nation in trophy-home sales.
Greater L.A. Follows, But Demand Shifts Greater Los Angeles, despite a 17.75% drop in $10 million-plus sales, ranked second with 190 sales totaling $3.33 billion. A shift in buyer preferences toward luxury high-rises with amenities, views, and lower maintenance costs is contributing to this change. The area's luxury condominium market has seen a notable uptick, with expectations for continued growth.
South Florida Joins the Surge Miami-Dade, Palm Beach County, and Orange County also saw significant increases in sales for $10 million-plus homes. Each of these areas experienced a rise of over 20% compared to the previous year, with a particular demand for new condo developments, especially in Palm Beach County.
Smaller Markets See Significant Growth Even smaller luxury markets outside the top five have experienced considerable increases in ultra-luxury home sales. Notably, 78% of markets with 10 or more $10 million-plus transactions saw their sales surpass the previous year’s totals. Overall, 42 of the 83 markets analyzed had equal or higher sales compared to 2023.
Ultra-Luxury Market Defies Market Trends Despite broader market challenges such as high mortgage rates, the ultra-luxury segment remains resilient. Across the 83 markets analyzed, 1,744 homes sold for $10 million or more, totaling $31.39 billion in sales. This continued momentum underscores the strength of the premium market, which has been defying expectations nationwide.
Rising Luxury Markets Across the U.S. Other areas also showed substantial growth in ultra-luxury sales, with Snowmass, Colorado, seeing a threefold increase from 2023, driven by new developments catering to younger buyers. The Nashville area also saw a remarkable rise in $10 million-plus sales, while the Lake Tahoe, Incline, and Reno region experienced a nearly twofold increase, driven by recreational appeal and limited development opportunities. | | | | A Luxurious Lower Manhattan Duplex with a Sky Garage | | | | A Private Car Elevator and Bold Design This striking Chelsea duplex offers a unique blend of luxury and practicality, with a private elevator that transports vehicles directly to a sky garage adjacent to the apartment. This residence is a prime example of the opulent living offered by 200 Eleventh Avenue, a luxury tower that was designed for ultimate privacy, ideal for those seeking discretion, including celebrities and high-profile individuals.
Modern Living with Stunning Views Located on the seventh and eighth floors, this three-bedroom, three-and-a-half-bath duplex is priced at $7.35 million. The home features a spacious great room with teak flooring, a soaring 24-foot ceiling, and a two-story wall of windows that provide spectacular views of the Hudson River. This bright and airy space is perfect for art collectors, with stark-white walls that provide a blank canvas for showcasing a prized collection.
Exceptional Details and a Gourmet Kitchen The kitchen, a masterpiece in itself, boasts floor-to-ceiling windows with sweeping river views. Teak folding doors conceal stainless steel appliances, and a striking red ceiling above the kitchen island adds a bold touch to the design. The main floor also includes a third bedroom, which is currently used as a formal dining room, as well as an en-suite bedroom and powder room.
A Vibrant Master Suite Upstairs, the primary suite is a serene and luxurious space bathed in blue tones. A wall of custom closets and a built-in bed frame add elegance, while large windows offer sweeping city views. The en-suite bathroom is an oasis, with a freestanding granite tub, a large shower, and a two-stage commode, all designed for ultimate relaxation and comfort.
Exclusive Building Amenities Designed by Annabelle Selldorf, this building houses just 16 duplex units, each with a sky garage and double-height living spaces. Residents also enjoy exclusive amenities, including a fitness center, full-time doorman service, and ample storage. With about $9,000 in monthly taxes and common charges, this one-of-a-kind property offers unmatched luxury and convenience. | | | | A $7.45 Million Southampton Retreat Redesigned for Luxury Living | | | | A Historic Gem Transformed Nestled in the exclusive town of Southampton, New York, Wayside is a stunning example of how timeless design can evolve. Listed at $7.45 million, this serene property combines rich history with modern luxury, providing the ultimate private retreat. Situated down a long tree-lined driveway in a park-like setting, Wayside offers an oasis away from the summer bustle of the Hamptons.
Architectural Excellence Meets Modern Luxury Originally designed by renowned architect Aymar Embury, the property was once a studio for artist Marshall T. Fry. Its latest transformation began under the stewardship of Quinn Pofahl and Jaime Jiménez, two design experts with impressive backgrounds. After two years of meticulous restoration and expansion, the 4,500-square-foot home now includes four bedrooms and four-and-a-half bathrooms spread across three levels.
Elegance in Every Corner Entering the home, guests are welcomed by a dramatic great room with soaring beamed ceilings, Arts & Crafts-style windows, and a grand stone fireplace. The open-concept kitchen features custom millwork, state-of-the-art appliances, and elegant stone surfaces—perfect for both cooking and entertaining. Adjacent to the kitchen, a wet bar with expansive windows offers easy access to the lush garden outside, creating an ideal space for relaxation.
A Dream Primary Suite The second floor of Wayside is dedicated entirely to the luxurious primary suite. Featuring a Juliet balcony, this private sanctuary offers stunning views of the pool and gardens. The en-suite bathroom exudes classic Hamptons charm, with shiplap walls, a freestanding soaking tub, a separate shower, and double sinks.
The Ultimate Entertaining Space On the lower floor, two en-suite bedrooms provide a peaceful retreat for guests, while a spacious media room with beamed ceilings invites hours of entertainment. The room features a large stone fireplace and ample space for lounging, making it the perfect spot for relaxing after a day by the pool. A wine storage room and wet bar provide the finishing touches for a luxurious evening.
A Lush Outdoor Oasis Wayside's outdoor space is as remarkable as its interior. The 50-foot heated gunite pool, surrounded by tranquil gardens and a cozy seating area, offers the perfect escape. This hidden gem in the heart of Southampton presents a unique opportunity for anyone seeking the ultimate Hamptons lifestyle. |
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