eXp Luxury Report Vol. 2

Q2 2023

eXceptional Sales

DISTINCTIVE PROPERTIES BROKERED BY EXCEPTIONAL AGENTS

eXp Luxury is bringing together the very best minds in luxury real estate from all over the world and enabling them to operate at the top of their respective markets.

Amy Weaver Vice President, Growth

If I had one word to describe the luxury real estate market and eXp Luxury, it would be: EXCITEMENT!

As we enter the second half of 2023, the luxury housing market continues to be in strong demand. According to the Institute for Luxury Home Marketing statistics, we continue to see fewer days on market, and properties selling close to asking price.

These trends are encouraging as we look ahead to the remainder of 2023! And eXp Luxury is building on that momentum by bringing together the very best minds in luxury real estate from all over the world and enabling them to operate at the top of their respective markets. We also proudly welcomed our luxury ambassadors, who were hand-picked by our eXp Luxury Advisory Council based on their industry knowledge and excitement about the future of exp Luxury.

The best is truly yet to come.

I hope you enjoy this issue of eXceptional Sales! And remember, you can always find us at expluxury.com.

Cheers, Amy Weaver Vice President, Growth

HERMOSA BEACH

$14,250,000 Hermosa Beach, CA

Built and designed by Silicon Bay Development and Laney LA architects, this beachfront home is 3,750 square feet and rests on a quiet part of the Hermosa Beach Strand, centrally

located between piers. Finishes include fleetwood doors and windows, French white oak wood flooring, a Great Room Bar and a Crestron lighting system.

David Scott Caskey represented the buyer Camilo Giraldo represented the seller

WATERFRONT LIVING AT ITS FINEST

$11,017,600 Naples, FL

Jana Caudill represented the buyer

This property has views of Venetian Bay, offering waterfront living at its finest. This grand home has lush landscaping by Knauf-Koenig, an expansive infinity pool with a sun shelf and spa and two covered lanais with an outdoor kitchen. The home has five bedrooms plus a den, five bathrooms and two balconies. Quick access to the Gulf is available via a private dock and boat lift.

MODERN HOME WITH HIGH-END EUROPEAN FINISHES

$8,850,000 Hallandale Beach, FL

Bianca Carolina and Baldini Contreras represented the seller.

This waterfront property is located in the exclusive gated community of Golden Isles between Miami and Ft. Lauderdale.

The new construction, 8,826 square foot home has 85 feet of waterfront with dock ocean access. With six bedrooms, the modern home has high-end European finishes, a 140-bottle wine cellar, a laundry jet system, patio area, outdoor kitchen, pool and spa.

NAPLES HOME

CUSTOM BUILT AND DESIGNED NAPLES HOME

$7,700,000 Naples, FL

Jana Caudill represented the buyer

This custom built and designed Naples home has custom ceiling treatments, high-end trim carpentry and attention to detail from top to bottom. The gourmet kitchen has an impressive Italian marble gathering island, wine cooler and large walk-in pantry. There also is an open foyer entry, formal dining and great room with fireplace. Oversized glass sliders open to the lush and private backyard with infinity pool, sun shelf, spa / fireplace and lanai.

I BELIEVE THAT REAL ESTATE IS IN A CHALLENGING POSITION WHERE THE MARKET IS STARTING TO NORMALIZE AND WE ARE GETTING MIXED SIGNALS WITH INVENTORY AND DEMAND.

Since Pete Middleton began his career, his focused goal has been to make a difference in the lives of those he encounters. And he is achieving that goal every day throughout California, where he has sold more than $2 billion in real estate and closed more than 3,000 homes. He joined eXp Realty in 2019 as one of the biggest luxury agents to enter the company in California, and he helped launch eXp Luxury last year, serving on its Advisory Council.

Pete Middleton, a 30-year industry veteran, was born into a real estate family in Brockton, Massachusetts. Since he began his career, his focused goal has been to make a difference in the lives of those he encounters. We sat down with Pete to get his thoughts on real estate and his journey:

Your parents, Frank and Ginny, owned a brokerage firm in Massachusetts named Frank Middleton Real Estate. What did growing up in real estate teach you?

Did you ever consider another career path?

I did! At first, I was a teacher and I loved teaching. I taught 7th and 8th grade and it was very fulfilling and rewarding to help others; however, I was also working at my parents’ real estate company and that was very connected to me and came very natural to me.

What is your outlook for real estate - and luxury specifically - over the next year?

I believe that real estate is in a challenging position where the market is starting to normalize and we are getting mixed signals with inventory and demand. Right now it is a very interesting and fascinating time in the real estate industry, and especially the luxury market.

How did you come to specialize in luxury real estate and what one property was the most fun to work on?

I was always fascinated by the lure of beautiful homes and estates, and always loved the challenge of selling bigger and more luxurious homes. The one property that really reinforced that luxury was my calling was a house on Hillside Ave in La Jolla. This beautiful estate sat on three manicured acres with 280-degree views of La Jolla shores, the Pacific Ocean all the way up to Dana Point. It was a magnificent 8,800 square foot architectural masterpiece that floated above the clouds.

I believe that luxury will soften over the next 24 months depending on a number of variables, the inventory available in the luxury market, the stock market, luxury buyer psychology, government policies, rates and credit lines and competition.

What is your one must-have luxury amenity in your own home?

I love steam showers! I feel that is one luxury amenity that luxury homes should have.

Do you have any words of wisdom for agents looking to enter luxury real estate?

I feel right now is one of the best times to break into luxury because the luxury market is still strong and steady, however the opportunity will be moving forward in this market. The luxury market will be the sector to be involved in moving forward due to the fact that luxury consumers will value luxury service and representation.

Reach out to Pete at pete@middletonteam.com

241-Hotel Room Property and Water Park

$20,500,000 Kissimmee, FL

Camilo Giraldo represented the seller

The Flamingo Waterpark Resort is a nine-acre, 241-hotel room property and water park, built on a total extension of 390,300-square feet. The three-story, family-friendly hotel and resort offers spacious family suites and character-themed children's suites, along with single accommodations for business travelers. Amenities include an outdoor pool with tiki bar and courtyard, business center, meeting rooms, market, restaurant, arcade, kid zone and playgrounds. A stateof-the-art water park boasts a 30-foot tower water slide, three additional water slides, lazy river, splash pad, lounge pool and heated spa. The resort is conveniently located approximately 12 miles from Walt Disney World and less than 15 miles from the Universal Resort area.

$7,160,000

Rosemary Beach, Florida

Darla Ogle represented the buyer

$6,600,000 Naples, FL

Jessica Ann Higdon represented the seller

$6,500,000 Park City, UT

David J. Lawson represented the buyer

$6,200,000 Boca Raton, FL

Robert Abrams represented both buyer and seller

$5,398,000 Pebble Beach, CA

Benjamin Strock represente the buyer

$5,650,000 Golden Oak, FL

Suzanne H. Docobo represented the buyer

$5,280,000 Houston, TX

Andrew Franklin represented the buyer

$5,000,000 Manhattan Beach, CA David Scott Caskey represented both buyer and seller

$4,800,000 Newport Beach, CA

Pegi T. DiRienzo represented the seller

$4,744,34 Encinitas, CA

Matthew John Battiata represented the seller

$4,725,000

Manhattan Beach, CA

David Scott Caskey represented the buyer

$4,700,000 San Francisco, CA

Kenny Truong represented the buyer

$4,675,000 Manhattan Beach, CA

Edward Kaminsky represented the seller

$4,650,000 Inlet Beach, FL

Darla Ogle represented the seller

$4,500,000 Holualoa, HI Candis M. Stansell represented the seller

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