Posts Tagged ‘Record’

Hamptons Real Estate News: New North of the Highway Record Sale — $9.75 Million for One-Acre of Non-Waterfront Property — Reports Gary DePersia of The Corcoran Group

Thursday, May 1st, 2014


East Hampton, New York (PRWEB) April 16, 2014

Hamptons real estate broker Gary DePersia of The Corcoran Group (http://www.myhamptonhomes.com) sealed a new record deal for the highest price of non-waterfront property on one-acre North of the Highway at $ 9.75 million. He represented both the buyer and the seller.

Built by whaling scion Nathan P. Howell in 1833, the Greek Revival style home on Sag Harbor’s bustling Main Street was once one of the grandest residences on the East End. It stretches across 9,000-square-feet and four levels with six bedrooms, eight-and-one-half bathrooms and grand parlors including ten fireplaces and a loft with widow’s walk capturing 360-degree village views. On a full-acre of lawn and garden with specimen trees, the structure was family-owned for more than 135 years until the 1970s. It was renovated, maintained and cherished to the highest standards by the seller who had owned since the mid-1990s.

“One-of-a-kind benchmarks can now be set in any market and in any area of the Hamptons. The price lines dividing North and South of the Highway are blurring. This sale is every bit as pricey as a special house on one-acre in the estate sections of East Hampton or Southampton, says DePersia.

DePersia set another North of the Highway market record, unsurpassed since 2011, for the highest price residential sale at $ 36 million, with the 55-acre waterfront oasis Tyndal Point in Sag Harbors North Haven. Here he represented both buyer and seller as well.

About Nathan P. Howell House (http://www.myhamptonhomes.com/Sag_Harbor-real-estate-1384180588-1.php):

In 1833, the scion of a wealthy whaling clan, Nathan P. Howell, built a large Greek Revival style home on Sag Harbor’s bustling Main Street. At the height of his prosperity in 1850, Howell enlarged and renovated his house in the Italianate style to become one of the grandest residences on the East End at that time. Later on in that century, Howell’s daughter inherited the house and succeeding generations maintained the house and its ownership well into the 1970s. After exhaustive work by its seller, who lived there for nearly two decades, modern amenities were balanced harmoniously with original details within this 8,000 SF+/- six bedroom residence on four levels of living space, including finished lower level, serviced by both stairs and elevator, and set magnificently within a full acre of lawn, gardens and specimen trees. Grand parlors within are embraced by broad covered porches setting the tone for this extraordinary offering within close proximity to shops, restaurants and the marinas of a village in the midst of an amazing renaissance. A third floor loft with bathroom leads up a short staircase to the widow’s walk capturing 360-degree views of the surrounding village, forming the perfect venue for that postprandial cigar.

About Gary DePersia (The Corcoran Group, 51 Main Street, East Hampton, NY 11937, 631.899.0215 or 516.380.0538, http://www.myhamptonhomes.com):

On the East End since 1995, Gary DePersia of The Corcoran Group has participated in more than one billion dollars of real estate transactions. His sensational inventory of Hamptons luxury real estate has generated benchmark deals. Among them is the 55-acre waterfront oasis Tyndal Point in Sag Harbors North Haven. At $ 36 million, it was the highest price residential sale ever north of the highway, plus the largest transaction for 2011, on the East End. Consistently ranked among the top producers in the Hamptons, and a year-on-year national list maker, in 2008, he was Corcoran’s top broker on the East End by sales volume and rental units; and ranked the nations 4th top broker by sales volume with over $ 202 million worth of transactions in The Wall Street Journal and REAL Trends Top 250 real estate professionals. Gary is the broker other brokers have come to follow and emulate. He is well-versed on the inventory of each village and hamlet and with four licensed assistants has built a business stretching from Southampton to Montauk and Sagaponack to Shelter Island. As the East End’s most prolific advertiser, his exclusive listings are found regularly in print and online. He was the first Hamptons broker with his own personal website (http://www.myhamptonhomes.com) and broad use of social media. An inimitable ambassador for Hamptons luxury real estate, he regularly guides television viewers around the areas finest homes and is tapped by top news media for his expert market views and exceptional listings. His far-reaching experience, affable nature and energized style make him a favorite of other brokers seeking a knowledgeable Hamptons realtor who truly cares about client service.







Designer Martin Kobus Announces, Fabulous Remodeled Rancho Mirage Villa Sells in Record Time”

Sunday, July 7th, 2013


Rancho Mirage, California (PRWEB) June 26, 2013

Has the thought of flipping houses; buying them and then selling them for big profits ever crossed your mind? Quite a bit of that has been going on since the 2008 financial crisis, when home prices crashed. However, now the suppressed residential real estate market is showing a glimpse of financial recovery.

Many different theories of flipping homes abound. In fact, a cottage industry of minor celebrities has sprung up espousing their success or lack thereof at applying their particular strategies to generate profits. TV shows such as Flip this House broadcasting on A&E chronicles the exploits of various entrepreneurs as they claw their way through mishaps, misfortunes and misadventures, somehow making a profit at the end no matter how bleak the circumstances surrounding their flip projects become. Basically, viewers are convinced that despite every pitfall and decision dilemma encountered, in the end one cant help but make money flipping houses.

After multiple appearances on Flip this House virtually unknown individuals such as Armando Montelongo, Jr, Rudy Martinez and Peter Pasternack to just name a few have taken on personas as Flipping Gurus that have compiled all the answers to the hazards that befall those that venture into this enterprise with little to no experience. Unfortunately, creating for many hungry entrepreneurs to be the erroneous perception that making money at the flipping game is a walk in the park with little risk despite all the disclaimers to the contrary.

Another example is the hilarious TV show Flipping Vegas also on A&E starring a married couple by the names of Scott and Amie Yancy. The core story-line elements of the show are the colossal battles in which they engage during their flipping projects. Scott fights tooth and nail to maintain his illusionary budget based upon his perception of time, economics and craftsmanship while Amie determinedly plows ahead armed with her nebulous design ideas to add high-end amenities and quality materials. Somehow it all works out in the end as Scott usually concedes to Amies good taste as her budget overages end up resulting in the home receiving rave reviews from prospective buyers. Meanwhile, they drive to and fro in a fleet of expensive cars monitoring their array of projects and ostensibly raking in tons of cash as they manage to solve all the dilemmas they encounter. Neither has any formal training, special skills or talents regarding real estate but demonstrate the value of risk versus reward on a consistent basis.

Additionally, Designer Jeff Lewis of Bravo Channels Flipping Out fame initially gained notoriety by exposing viewers to his theory of flipping homes from a Designers perspective. However, the real estate crisis soon forced him to revert to basics and concentrate on utilizing his designer skills to generate profits. His TV show evolved as well morphing into Interior Therapy by quite successfully examining the idiosyncrasies of a wild and sometimes wacky cast as well as customers yet somehow managing to display the inherent beauty, sophistication and intelligence of a designers sensibilities.

Obviously, within the Flipping niche there exist a wide spectrum of opportunity for those intrepid enough to deal with the uncertainties and foibles of what may lay behind foreclosed doors. Whos to say that one theory over another is the best way to consider flipping houses? Are the days of quick cosmetic fixes gone now that the real estate market seems to be on the rebound? Can a seller ignore the demand for high-end amenities and finishes that buyers are looking for in todays market? Is it wise to take on more complex and expensive projects as opposed to simple single family dwellings where small remodel budgets can yield profits in fast time-frames?

Lets explore one of the recent projects completed by Designer Martin Kobus of Martin Kobus, Inc. a respected Bay Area design firm. A modest, unassuming desert home located behind very private gates in the prestigious resort community of Rancho Mirage in Palm Spring California. Acquired by Mr. Kobus in 2011 for $ 640K and carefully planned at a remodel budget of $ 600K resulting in a total project cost of $ 1.2 million. Four months later after completion in December 2012, the newly designed villa sold for $ 2,000,000. A total profit of $ 800K was realized and the property was totally transformed by the process! Mr Kobus explains, “I dont consider myself as a home “flipper,” because in my opinion the term implies risk, uncertainty and limitations. I have a sterling reputation in the design industry as well as growing a recognized brand so I seek projects that possess a quantifiable ‘extraordinary potential’ as opposed to more commonplace family dwellings. When that ‘extraordinary potential’ is perfectly transformed into ‘potential realized’, through vision, meticulous planning and seasoned design sensibilities then that achievement trumps risk and uncertainty any day.”

The real estate redevelopment niche is not for the faint of heart but for the “no guts, no glory” type of investor who are not adverse to risk this can be an area that can prove to be very financially rewarding. Martin further states, “This is not our 1st rodeo. My design firm has taken on several properties that have been totally redeveloped and yes we made a stunning return on our investment.” It is an established fact the new-home sales have risen sharply, according to the National Association of Realtors. As well, previously owned homes are enjoying a nice rebound in the market. This is a strong indication that the residential real estate market is poised for a resurgence and there once again exist a financial opportunity.

Currently, home sales are demonstrably stronger than ever. And so are opportunities to flip them. Martin Kobus is engaged in expanding his property acquisitions and increasing his brand awareness. Savvy individuals interested in joining Mr. Kobus in his quest may contact his publicist Susan Browne at 951.225.1599 to discuss their current property needs, acquisition interest, joint-ventures or investment possibilities.







Related Celebrity Real Estate Press Releases

Expungements and What They do to a Record: Thomas Davenport Gives Top 10 Reasons to Consider

Tuesday, March 5th, 2013


(PRWEB) February 28, 2013

Louisiana lawyer, Thomas D. Davenport Jr. of The Davenport Firm, not only helps clients fight cases in courts to defend and win cases, but also helps with the aftermath of cleaning up criminal records that can rightfully be expunged.

With recent inquiries surrounding whether or not clients should consider going through with an expungement, The Davenport Firm has released the following top 10 reasons to consider going through with an expungement:

1)

RenovationReady

Thursday, January 24th, 2013


Centennial, CO (PRWEB) January 11, 2013

RenovationReady

Online Postcards Propel Realtor to Record Sales Year in 2012

Tuesday, January 15th, 2013


Portland, OR (PRWEB) January 03, 2013

expresscopy.com, leader in online design, print & mail postcards in 24 hours, celebrates Dan Johnsons record sales year thanks to his aggressive postcard mailings.

Dan started using us in 2011 and after our real estate postcards helped him pick up a couple of listings he got serious about putting a strategy in place for 2012, explained Joshua Carlsen, VP of Sales & Marketing for expresscopy.com. A great strategy, high impact postcards and a consistent approach proved to be the key for Dan who finished with sales better than the previous two years combined.

Expresscopy.coms free online design tool allowed Dan to successfully create professional designs in minutes, at which point expresscopy.com took over by printing, addressing and mailing his postcards out within 24 hours.

Special Offer Save 20% off postcards on your first mailing when you enter promo code PR7480 at expresscopy.com.

About expresscopy.comover 1 million clients served since 1992

Located in Portland, Oregon, expresscopy.com is the leading provider in online design, print & mail postcards with 24-hour turnaround. Customers can upload their own design file or can customize one of the many free online design templates and expresscopy.com will print, address and mail out the professional postcards with their state-of-the-art production facility.

For more information, please visit expresscopy.com or contact Joshua Carlsen at 800.260.5887 or joshua(dot)Carlsen(at)expresscopy(dot)com.

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