January Luxury Trends

THE LUXURY DIVISION Recent significant sales  with Compass 8 Midsummer, Newport Beach Sold for $25,000,000 Represented by Rob Smith 5050 Makena Road, Hawaii Sold for $19,000,000 Represented by Anne Hogan Perry Montauk, New York Sold for $9,750,000 Represented by Matthew Breitenbach Compass luxury in the news Hot Property: Trevor Noah buys a $27.5-million mansion in Bel-Air Trevor Noah will spend 2021 in style. The day before New Year’s Eve, the host of “The Daily Show” shelled out $27.5 million for a contemporary mansion in Bel-Air. Candice Bergen Lists Hamptons  Home for $18 Million Emmy Award-winning actress Candice Bergen is ready to part with her quintessential East Hampton bolthole after listing the spread on the far end of New York’s Long Island last week for $18 million. An Oceanfront Georgian Estate in Hillsboro Beach, Florida, Sells for More Than $20 Million A sprawling estate in Hillsboro Beach, Florida, that comes with a 100-foot deep water dockage and 100 feet of ocean frontage just changed hands for $20.4 million, making it the second-most expensive sale for Broward County. Read more What we are hearing  in  the luxury space  The interest in ski towns has risen from an unlikely consumer base. Second-home buyers from Northern and Mid-Western states typically search for secondary homes in warmer, beach-front locales. However, according to Forbes, this has all changed. The search for ski homes was up 36% year over year for the fourth quarter of 2020, with the main demand coming from buyers originating in North-Eastern and Mid-Western states. With mortgage rates at record lows, Millennial buyers have taken advantage and are responsible for a majority of the record mortgage applications in 2020. As reported by Forbes, the top ten metropolitan areas Millennials have flocked to include San Jose, Boston, Denver, Minneapolis, Buffalo, San Francisco, Salt Lake City, Austin, Pittsburgh, and New York City. Robot-run kitchens have finally made their debut. At the 2021 digital Consumer Electronics Show, United Kingdom based company Moley Robotics unveiled a customizable robotic kitchen capable of whipping up four course meals, placing orders for groceries that are running low, and cleaning not just dishes, but the entire kitchen. Whiley fully customizable, the version presented with all the bells and whistles costs an approximate $340K. Spotlight on luxury  across the country California A Timeless Tribute to Beverly Hills An unprecedented design from world-renowned MAD Architects, Gardenhouse in Beverly Hills is a creative vision for the future where architecture and nature coalesce to elevate the everyday living environment and provide residents a sense of peace within the city’s most exclusive address. Read more Prestigious properties o n the market Telegraph Hill, San Francisco Owner's penthouse with b ig 270° views plus four rental residences. Live your dream on top of the city and make generous income on the side! Represented by Victoria Clemons and Julia Bernardini.  7 Beds | 8 Baths |  $6,995,000 602 Indian Field Rd Lot B, Greenwich, CT A rare opportunity to develop on pristine Long Island Sound property in the exclusive, guard gated waterfront Mead Point Association. Thoughtful diligence completed for 16,000 sqft estate with pool and tennis. Represented by Brian Milton. 11.59 AC Lot Size |  $27,900,000 1471 Forest Knoll Drive, Los Angeles A private, minimalist & newly built Modern Farmhouse awaits in the Hollywood Hills, minutes from the iconic Sunset Plaza. Represented by Sally Forster Jones, Tomer Fridman and Tyrone Mckillen.  6 Beds | 9 Baths |  $28,500,000 See more properties Spotlight on  New Development Embry West Loop, Chicago 58 luxury residences with curated interiors by  Kara Mann priced from $1.2m. Nestled in Chicago’s West Loop, Embry is a haven of tranquility in the midst of the city. For residents of downtown Chicago, an escape from the chaos is a rare find. For residents of EMBRY, it’s home. With its location on a tree-lined street just steps from the activity on both Randolph and Madison Streets, EMBRY weaves together the vibrant surrounding neighborhood, inspired sophistication and serene privacy — along with stunning views found nowhere else in the West Loop. Stay up to date with Compass' latest luxury listings and news at LuxuryAtCompass.com. © Compass 2021 ¦ All Rights Reserved by Compass ¦ Made in NYC Compass is a licensed real estate broker and abides by Equal Housing Opportunity laws. All material presented herein is intended for informational purposes only. Information is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description. All measurements and square footages are approximate. This is not intended to solicit property already listed. Nothing herein shall be construed as legal, accounting or other professional advice outside the realm of real estate brokerage. marketingcenter-greaterseattle-bellevue