Hurricane Dorian Heading for Florida—and President Trump’s Properties

hurricane dorian

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President Donald Trump is among the millions of Florida homeowners whose properties could be devastated by Hurricane Dorian at the close of Labor Day weekend. The storm is expected to become a Category 4 hurricane, with wind speeds up to 156 mph, when it touches down in Florida late Monday or early Tuesday.

The president and the Trump Organization own at least nine Southern Florida properties that sit directly on the path that Dorian is predicted to take, according to CNN. That includes his famed Mar-a-Lago resort in Palm Beach, which Trump has sometimes called the “Winter White House.”

More than 970,000 homes on the east coast of the state could be vulnerable to a storm surge, according to a recent report from real estate data firm CoreLogic. In a worst-case scenario, it could cost approximately $206 billion to rebuild all of the single-family and multifamily homes such as condos and apartments destroyed by the disaster.

“Dorian is likely to remain an extremely dangerous hurricane while it moves near the northwestern Bahamas and approaches the Florida Peninsula through the weekend,” the National Hurricane Center said.

CoreLogic’s estimates are based on the 5 p.m. Thursday forecast from the National Hurricane Center. Forecasts are just that—and often change as hurricanes change paths and sizes and lessen or worsen in intensity.

“A lot can change between now and then,” says Daniel Betten, a principal scientist at CoreLogic. “It’s possible, but not likely, the storm could recurve into the Carolinas or miss Florida and curve into the ocean.”

That means if Dorian weakens and hits Florida only as a Category 1 storm, fewer than 120,000 homes could potentially be affected if it follows its current path. But if it intensifies and reaches a cataclysmic Category 5 status, nearly 1.3 million homes could be damaged or leveled by the storm.

“In the short-term, we are likely to see disruption to home sales and construction, along with a decline in tourism and hotel demand, a major contributor to the state’s economy,” realtor.com®’s Senior Economist George Ratiu said in a statement.

Where the hurricane touches down also matters.

“If the hurricane hits West Palm Beach or south [of it], the losses will be significantly higher because it’s much more densely populated,” says Betten. But “a good portion of the eastern Florida coast can expect to see at least tropical-force winds.”

Florida authorities declared a state of emergency on Wednesday in preparation for the hurricane.

“Be prepared and please follow State and Federal instructions, it will be a very big Hurricane, perhaps one of the biggest!” Trump tweeted on Thursday morning.

In addition to Mar-a-Lago, other Trump-related properties that could be affected in Florida include Trump Towers, a condo complex in Sunny Isles Beach; Trump National Doral Miami, a golf resort; Trump National Golf Club, in Jupiter; Trump International Golf Club, in West Palm Beach; Trump Hollywood, a condo and rental tower in Hollywood Beach; and Trump Grande, a condo, hotel, and resort project in Sunny Isles Beach, according to CNN. He also has two private homes in West Palm Beach.

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$125M Oceanfront Compound in Malibu Reportedly Finds a Buyer

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Summer is ending with a bang for Malibu real estate. The oceanfront estate reportedly owned by NBCUniversal executive Ronald Meyer has found a buyer, Variety reports. The listing price was a gasp-inducing $125 million, but the final sale price has yet to be disclosed.

After Meyer and his long-time wife, Kelly Chapman Meyer, announced their split last year, Meyer began quietly to shop around the estate in a discreet fashion.

But with no acceptable offers forthcoming, the home landed on the market in January. If the sale closes at list price, it could set a record for the area. 

“Thank God for the Ron Meyer sale,” says listing agent Tracy Tutor with Douglas Elliman Beverly Hills. Tutor wasn’t involved in this transaction, but she was ecstatic nonetheless, saying, “I’m thrilled about it. It just confirms that Malibu is stronger than ever.”

Tutor recently launched a $500 million ultraluxury portfolio of 13 properties in the Malibu area, ranging from $16 million to $100 million.  

Recession, schmecession? Tutor opined to us that Malibu appears to be immune. “Whatever’s happening in the global markets, there are certain areas that aren’t affected. And Malibu is one of them.”

As for this Malibu property, it’s set on 3 acres of private, parklike land. The spread features six bedrooms, 7.5 bathrooms, and 13,693 square feet. 

Malibu property that was listed for $125 million and has now reportedly been sold

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Sundeck with ocean views

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Outdoor dining

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A hot tub at the top of stairs to the beach

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With a contemporary design, the layout includes high ceilings, walls of glass, and a great room that overlooks the ocean.

According to the listing details, the property is located in “the most exclusive area in Malibu, with a private pathway to one of the most beautiful beaches anywhere.”

The Charles Gwathmey-designed residence was built for the Meyers. The interior includes an “incredible” master suite, a two-story paneled library and gallery, and a gourmet kitchen with a family room. 

There’s also a home theater, gym, office, and guest suites. Additional perks include two guesthouses, a tennis court, and a spa house.

Of course, Malibu is no stranger to stratospheric price tags. Tutor currently holds the listing for a $100 million build set to be completed next year. Dubbed Case 5, it’s set on the Malibu bluffs. The minimalist property recently topped our list of most expensive home for the week.

Last year, the $110 million sale of the beachfront home of Peter Morton, co-founder of the Hard Rock Cafe, set a record for the county. It’s since been broken by the recent sale of the megamansion known as the Manor in L.A.’s Holmby Hills for $119.7 million.

The recent transaction brings home the fact that the Malibu real estate market spins on its own axis. “It isn’t the first massive sale that is happening in Malibu, and it’s not going to be the last,” says Tutor.

The post $125M Oceanfront Compound in Malibu Reportedly Finds a Buyer appeared first on Real Estate News & Insights | realtor.com®.

No Debate! The Obamas’ Martha’s Vineyard Estate Is This Week’s Most Popular Home

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Barack and Michelle Obama, the former president and first lady, have decided to put down roots in Martha’s Vineyard, reportedly spending nearly $15 million on a chic Massachusetts waterfront estate. The mansion in question had great poll numbers and crushed all other candidates to claim the title of most popular home on realtor.com® this week.

The former first family are no strangers to the island and have vacationed there for years. After renting the compound over the summer, they decided to stay a little … longer. Of course, curious citizens want to see where the former leader of the free world will be resting his head. Clicks followed, and it was a landslide in favor of this marvelous 29-acre spread.

Apart from the Obamas’ future residence, you were busy clicking on a farmhouse featured on season 3 of “Fixer Upper,” a historic Mississippi home resembling a gingerbread house, and the Texas childhood home of the late “Charlie’s Angels” bombshell Farrah Fawcett.

While we cue up “Hail to the Chief,” take a full look at all of this week’s most popular homes by scrolling on down…

10. 6682 Clifton Bluffs Ct, St. Louis, MO

Price: $895,000

Why it’s here: Built in 1978 as a celebration of the outdoors by the well-known architect Bill Bowersox, this modern home sits on a handpicked, nearly 3-acre lot on the bluffs of the Mississippi River. The four-bedroom home was created to take full advantage of views of the surrounding acreage and abundant wildlife. Building materials—including glass, limestone and redwood siding—were sourced from the surrounding area, to create a home in harmony with its location.

moern housein Saint Louis, MO
St. Louis, MO

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9. 3255 Lagrange Dr, Somerville, TN

Price: $450,000

Why it’s here: This historic home was originally built in 1869, but had a total renovation over the past couple of years. Now, the four-bedroom home is a modern, open-concept family home with wood floors, several fireplaces, and high ceilings. It sits on a 5-acre lot with plenty of room to expand.

1800s house in Somerville, TN
Somerville, TN

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8. 4173 Brunswick Ave, Los Angeles, CA

Price: $649,000

Why it’s here: This bungalow from 1926 in Atwater Village has been fully remodeled, with all-new infrastructure, doors, molding, hardwood floors, and windows. The two-bedroom main house offers more than 1,100 square feet. There’s also a garage studio on the property with a full bathroom and kitchenette. Airbnb, anyone?

bungalow in Los Angeles, CA
Los Angeles. CA

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7. 701 Paisley Ct, Wilmington, NC

Price: $294,000

Why it’s here: This lovely, light-filled three-bedroom home is hiding a backyard surprise—a pool with a rock waterfall, bar, outdoor living space, and deck! Inside, the move-in ready home has upgraded moldings and wainscoting, hardwood floors, and an updated kitchen.

family home in Wilmington, NC
Wilmington, NC

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6. 490 Salem Ave, Holly Springs, MS

Price: $235,000

Why it’s here: From the outside, this French Gothic-style home, bult in 1857, looks as if it’s straight out of a gingerbread fairy tale. Known as Cedarhurst, the five-bedroom home reportedly once served as the headquarters for a Confederate general. It’s been in the same family for 117 years, and the next buyer will become only the third family to live there.

Antebellum house in Holly Springs, MS
Holly Springs, MS

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5. 926 Rosedale Dr, Corpus Christi, TX

Price: $129,500

Why it’s here: This cute little green house was the childhood home of Farrah Fawcett. The modest three-bedroom home has drawn tons of attention—and not just from lookie-loos. After just over a month on the market, the well-pedigreed home is pending sale.

Farrah Fawcett childhood home in Corpus Christi, TX
Corpus Christi, TX

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4. 6905 Sconfinato Dr, Hartford, WI

Price: $235,000

Why it’s here: Can you rescue this classic? This custom home was built in 1969 and is defined by the elegant curved lines of the home’s exterior. Each end of the home was built with a circular bedroom and walls made of large bricks, which were reclaimed from a silo in northern Wisconsin. It’s being sold as is, with the option to purchase an adjoining vacant, 2-acre lot for $98,000.

mod cured house in Hartford, WI
Hartford, WI

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3. County Road 106, Marlin, TX

Price: $1,450,000

Why it’s here: Chip and Joanna Gaines fan alert! This farmhouse was featured on season 3 of “Fixer Upper” on HGTV and is being sold with up to 100 adjoining acres of farm land. The listing says the made-for-TV renovation cost nearly $250,000 and includes a custom kitchen with copper apron-front sink and a mudroom with washing sink.

Fixer Upper house in Marlin, TX
Marlin, TX

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2. 701 E. 7th St, Lockport, IL

Price: $359,000

Why it’s here: Storybook heaven! This home from 1939 looks as if it came right out of the pages of a fairy tale. While the exterior has been relatively untouched since it was built, the interior reveals a modern, stylish abode, which was recently remodeled. Upgrades in place include vaulted ceilings, a custom fireplace, built-ins, antique finishes, and a bathroom remodel that includes Carrara marble and a custom shower.

Cottage in Lockport, IL
Lockport, IL

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1. 79 Turkeyland Cove Rd, Edgartown, MA

Price: $14,850,000

Why it’s here: Secure the perimeter! The Obamas have purchased this 29-acre Martha’s Vineyard estate on the Edgartown Great Pond. The seven-bedroom home might require a bit of a refresh, but the endless water and lush green views are hard to beat.

Most important for an ex-president who requires a round-the-clock security detail? At least two other homes can be built on the acreage, making this a perfect place to construct a secure compound that can last the former first family for decades to come.

Obama estate in Edgartown, MA
Edgartown, MA

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The post No Debate! The Obamas’ Martha’s Vineyard Estate Is This Week’s Most Popular Home appeared first on Real Estate News & Insights | realtor.com®.

$40.5M Mansion With Sumptuous Views in S.F. Is Most Expensive New Listing

San Francisco most expensive listing

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Even after a price cut, a magnificent mansion in San Francisco is this week’s most expensive new listing on realtor.com®. It landed on the market for $40.5 million after originally dipping its toe in the water for $45 million in May.

The spec mansion spread over two lots in the Russian Hill neighborhood was built by the developer Troon Pacific over a period of six years. The double lot in one of the country’s most expensive markets should make buyers take notice.

“What’s so extraordinary about this is the land,” says Joel Goodrich, director of the estates division with Coldwell Banker Global Luxury. “The land is irreplaceable in San Francisco.”

On the coveted property, you’ll find two structures. The original main house designed by Willis Polk was completely revamped, and a one-bedroom guest cottage was added in 1907, just after the earthquake.

This spectacular residence was “re-imagined for the future.” The main house features three floors, a sublevel art gallery, and a 40-foot cantilevered infinity pool overlooking the San Francisco skyline.

The oversize lot allows for a rare San Francisco treat: an uninterrupted view. There’s a “275-foot-long frontage facing the view. You just don’t find that here,” Goodrich explains. “It’s a one of a kind for San Francisco.”

The locale, just a half-block from the famed “crooked street” of Lombard, is within walking distance to the Jackson Square tech hub and the financial district.

San Francisco views

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Guest cottage with spa

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Outdoor dining with chandelier

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Kitchen and breakfast nook

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Lawn and fire pit

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Infinity pool

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Formal dining room

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Living space with indoor-outdoor flow

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Master suite

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Lower-level art gallery or sport court

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Surrounded by verdant gardens, the 9,500-square-foot main home has five beds, 6.5 baths, and an elevator. On the top level, the roomy master suite offers views of the garden and the city.

The home features a luxe resort ambiance with its indoor-outdoor flow throughout its living, dining, and entertainment spaces.

Guests can spill over onto the lawn, which includes two fire pits, the 40-foot pool, city views, and even a heated couch, which residents of the often-chilly city can appreciate year-round. 

The outdoor space also offers a home theater with projector and retractable screen. And for alfresco dining, a trellis-covered area beckons with chandelier lighting as well as a fireplace.

Inside, entertainment on the lower level includes a two-story, multifunctional room, and a wine wall. It’s staged currently as an art space with pieces from local art galleries, but it could also work as a sport court or a concert venue.

While parking in the neighborhood can be challenging, it’s a breeze for this homeowner. The property includes a four-car garage with a tunnel, as well as a covered driveway entrance.

And even with the array of amenities, the home was built to be energy-efficient and environmentally responsible. Along with a LEED Platinum certification, the residence comes with a solar array, LED lighting, and rain water management for irrigation and toilets.

For a buyer in search of a sumptuous space in San Francisco, there’s no need to look further.

“You have an oasis in the middle of the city,” Goodrich says. We’ll sip to that!

The post $40.5M Mansion With Sumptuous Views in S.F. Is Most Expensive New Listing appeared first on Real Estate News & Insights | realtor.com®.

7 Retro Trends Making a Comeback

Each year, fashion leaves a strong impression on the design industry and its offerings for the season. For 2020, the vibe includes handmade organic details paired with the sparkle of the ’70s disco club and the velvety softness of the ’80s.

But beyond the nostalgic hints that those artistic impressions carry, what lies ahead for interiors? How will we change and evolve in our home environment? Read on and see what speaks to your design style as we approach another new year.

Cork and recycled elements

Many manufacturers, designers and architects have focused their products and projects on a sustainable, environmentally friendly approach to home building and design. Thanks to modern technology, sustainable products don’t mean inferior quality, comfort or design.

In fact, these products celebrate eco-chic versions of modern or traditional designs in both elevated and affordable versions. While products like linoleum or cork flooring may have been long forgotten, they will see a strong comeback in the new season, thanks to its natural characteristics.

Abloom with florals

The traditional beauty of floral patterns, either abstracted or straight-up chintz, will continue to be the pattern to use, especially when paired with deep luxurious velvets and maximalist styled spaces. But home designer, beware: Chintz can be tricky. Its bold old-fashioned prints can easily turn to frilly English bed-and-breakfast if you’re not careful. When done right, the floral theme can add color, texture and just the right touch of classic elegance to your interior.

Handmade accents

Handmade items made with sustainable materials like jute, rice paper and clay will be all the rage in 2020. These elements go far in grounding a home, allowing its inhabitants to be in touch with the earth and their roots. The incorporation of natural materials popular years ago – like caning, rope, sea grass and bamboo – has a strong influence over modern furniture silhouettes and decor details. Elaborately embossed wall coverings, including gold rivets and metallic accents, give surfaces a beautiful tactile sensation and modern ambiance.

Plastic and acrylic

Increasing social consciousness around climate change has influenced the design industry to produce products accordingly. Plastics are being used for indoor and outdoor furniture frames, while water bottles are being used to create outdoor rugs and accents.

For a more luxe look, acrylic products are having a comeback, giving a room the architectural structure it needs without taking up visual real estate. Acrylic in a small space, like an entryway or sitting area, provides a surface that can be layered with more organic items and not feel fussy.

Authentic construction

The rise of digitally printed fabrics has created a true appreciation for real embroidery, thick wool boucles, linens and other artisan-inspired elements. Rich textural expressions are the theme of the upcoming season. Think velvet upholstery, hemp drapery, cork walls, wicker and jute for furniture and finishes.

Maximal artwork

The surge of minimalism and Scandinavian design, characterized by neutral colors and simple materials, is finally declining. In its place, bright colors and graphic patterns are becoming more prevalent in the home.

Don’t be afraid to mix colors, patterns and textures. Take a gallery wall to the next level by having it cover an entire wall, or add a dramatic large-scale piece to your space. In this case, more is more.

Metallic accents

And speaking of timeless metal accents, sparkle is still on the design scene for living room decor compositions. Add a hint of disco glamour and luxury by introducing bronze, gold and chrome details through decorative accents, furniture inlays, hardware, lighting, mirrors and accessories.

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