For the Connoisseurs of Life in the Pacific Northwest
REALOGICSSOTHEBYSREALTY.COM I 1
FORWARD WHAT A DIFFERENCE A YEAR MAKES! The pundits agree a Puget Sound rebound is in full swing. We note considerable gains in median home prices, expanding demand, increasing sales volumes and improving consumer confidence. It’s remarkable that five years of real estate pessimism can be replaced by a single year of good news but that’s precisely what’s happening here at home. Our affiliates across the country concur that the worst is behind us and that America is looking forward. This sentiment best symbolized by the completion of One World Trade Center in New York City, which at 1,776-feet tall upon the very site of the 9/11 tragedy, stands as a beacon of US resilience.
Owners Dean & Stacy Jones
Likewise, 2013 will mark continued growth for Realogics Sotheby’s International Realty in a pursuit of excellence for our valued clients – whether that’s around the corner or around the globe. It was just three years ago our journey began with a single boutique office in downtown Seattle in 2010. This was followed by another branch office on Bainbridge Island in 2011. Over the past year we expanded our service area to include the South Sound, North Sound and Kitsap County while at the same time developing key international business networks with a specific focus on Asia. Looking ahead we’ll open several new branch offices on the Eastside and welcome many new brokers to our family representing all price points and property types.
EASTSIDE OFFICES COMING SOON!
DOWNTOWN SEATTLE BRANCH 2715 First Avenue Seattle, WA + 1 206 448 5752
As the youngest member amongst the top twenty largest residential real estate firms in the Puget Sound (as ranked by the Book of Lists for total sales volume in 2012) we’re thrilled to advance to seventh position last year while also being recognized by the Puget Sound Business Journal as the second fastest growing private company in Washington State for 2012. Boutique by design, our brokers continue to exhibit the greatest sales production per agent and among the highest average sales prices within their respective markets. We salute their success and we thank our customers for entrusting in Realogics Sotheby’s International Realty to realize all their real estate goals. In this issue of The Collection we proudly feature an expanded roster of broker profiles, a showcase of their fine properties for sale and many recent sales accomplishments. We also include syndicated editorial from Jetset Magazine, RESIDE Magazine and our own exclusive reporting as we explore trends within global real estate and lifestyles to share with you. Enjoy!
Dean Jones CEO | Owner, Realogics Sotheby’s International Realty BAINBRIDGE ISLAND BRANCH
271 Madison Ave. S., Suite 102 Bainbridge Island, WA + 1 206 842 0842
SUMMER 2013: CONTENTS 6 EAST WEST The Dragon and the Pearls initiative arrays Puget Sound real estate for Asian homebuyers.
24 MARKET WATCH It turns out that 13 is a lucky number for residential properties around Puget Sound.
30 JETSET LIVING A new currency emerges as global citizens snap up readymade destination properties.
© 2013 Realogics Sotheby’s International Realty. All Rights Reserved. Sotheby’s International Realty® is a registered trademark licensed to Sotheby’s International Realty Affiliates LLC. An Equal Opportunity Company. Equal Housing Opportunity. Each Office is Independently Owned and Operated. The Collection is published on behalf of Realogics Sotheby’s International Realty by Sierra Media Group, Inc. +1 727 741 4141 / email@example.com Disclaimer: Information contained herein has been obtained from sources deemed reliable but cannot be guaranteed. Viewers are encouraged to perform independent due diligence before relying on any content. Opinions expressed are not necessarily that of the franchisee or franchisor. Sellers reserve the right to change their product offering without notice.
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Culinary Delights Seattle Living New Developments North Seattle Eastside Expansion Island Lifestyle Kitsap Blossoms South Sound Spectacular by Nature Sunshine Destination Global Properties
STUDIO HOUSE The Studio House stands as Tom Kundig’s breakthrough project – one that brought him in contact with a patron who was excited to experiment with raw materials in creating an interactive dwelling that was “rooted in the past, yet predictive of the future.” Intentionally rustic and proven materials, such as structural steel and concrete are celebrated for the strength and connection to the elements that they provide, yet spaces are carefully edited, adhering to the disciplined, modernist line that has come to define Kundig’s work. This is very much a residence that begs to be experienced in real time. The strict massing of the structure and meticulous sighting are gleefully contrasted with playfully interactive and industrial mechanical systems, while opulent spaces are made simple with the most austere fixtures. Structure soars and inspires and connects the indoors with nature through magnificent walls of glass, and light is treated as the final building material in this living sculpture. PRICE UPON REQUEST | SEATTLE, WA Moira Holley + 1 206 660 4787 MOIRAONLINE.COM MOIRA.HOLLEY@SOTHEBYSREALTY.COM Scott Wasner + 1 206 910 1410 LUXELIVINGNW.COM SCOTT.WASNER@SOTHEBYSREALTY.COM REALOGICSSOTHEBYSREALTY.COM I 3
know when you’re home.
CITRONE, A FRESH PERSPECTIVE IN REAL ESTATE. A TEAM WHO VALUES EXCEPTIONAL MARKETING STRATEGY, PERSONALIZED SERVICE, AND VERIFIABLE NEGOTIATION EXPERTISE. PROVEN RESULTS WITH OVER $80 MILLION IN SALES.
CITRONE-PARTNERS REALOGICS SOTHEBY’S INTERNATIONAL REALTY SANDY JUSTEN I SAM CUNNINGHAM I JULIE BINIASZ + 1 206 849 2681 I CITRONE-PARTNERS.COM HOMES@CITRONE-PARTNERS.COM
1521 SECOND AVE #2403 $1,680,000 | SEATTLE, WA
$1,250,000 | SEATTLE, WA
PRICE UPON REQUEST | SEATTLE, WA
FR ANK LLOYD WRIGHT
$1,390,000 | SAMMAMISH, WA
$1,250,000 | SEATTLE, WA
$1,150,000 | SEATTLE, WA
4 I REALOGICSSOTHEBYSREALTY.COM
THE EXCHANGE IYNA CARUSO
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REALOGICSSOTHEBYSREALTY.COM I 5
EAST WEST THE DRAGON AND THE PEARLS
It’s not surprising that Sotheby’s International Realty monitors global markets on the rise (after all “international” is their middle name). Nor is it shocking China garners the most attention these days given the unparalleled economic growth, budding wealth and most importantly, a propensity to consume foreign real estate.
“From what we observe, 2012 was another strong year in real estate with the Asia market continuing to be strong in terms of sales – both in the metropolitan areas and for special properties in unique locations,” Brokers say once a market is said Philip White, President and Chief Executive Officer for Sotheby’s International Realty Affiliates LLC.
discovered by Asian homebuyers, they create a self-fulfilling investment According to the National Association of Realtors, Chinese consumers spent some $9 billion buying US prophecy and eventually a real homes in a 12-month period leading up to March 2012. Only Canadians bought more homes in the US than estate microclimate. BY VERONICA LANE
the Chinese (and many of those Canadians were actually born in China). Observers say the most popular markets are global gateways like New York City or London but increasingly major West Coast cities too.
Angela Wong, a Director of International Marketing for Asia with Ewing and Associates Sotheby’s International Realty is based in Calabasas, CA but spends a lot of her time abroad. She feels the Pacific Northwest is primed for growth as her clients seek out greater affordability and as such, greater potential for future capital appreciation.
AREAA 2012 NATIONAL CONVENTION LA ART WEEK & CHINA FUSION Las Vegas, NV: RSIR representatives Dean Jones and Jessica Xu attended the Asian Real Estate Association of America National Conference in Las Vegas – pictured above with Mike Good, then CEO of Sotheby’s International Realty.
Los Angeles, CA: RSIR was invited to participate in a private reception hosted by Angel Park, LLC to welcome Chinese artists and delegates from China Fusion during the LA Art Week while also previewing development opportunities in downtown Los Angeles.
HONG KONG, CHINA
MEDIAN HOME PRICE/MEDIAN HOUSEHOLD INCOME
SAN FRANCISCO, CA
RELATIVE UNAFFORDABILITY COMPARISON
12.00 LOS ANGELES, CA
The Seattle-based real estate firm has partnered with key brokers, overseas wealth managers, immigration specialists and other centers of influence throughout the Pacific Rim to showcase the Pacific Northwest lifestyle. Known internally as “The Dragon and the Pearls”, the campaign targets Asia (mostly China) as the “Dragon” and arrays a string of “Pearl” destination markets along the West Coast comprising of Vancouver/Richmond, BC; Seattle/Bellevue, WA; San Francisco, CA; Los Angeles, CA; Orange County; CA; and San Diego, CA.
Wong points to San Marino, CA by example – a small city in Los Angeles County that became popular with Chinese buyers in the 1990s. She says it may be the only US municipality to defy an otherwise omnipresent housing market correction. During the depths of the Great Recession in 2011, San Marino actually posted year-over-year gains THE PACIFIC NORTHWEST in median home prices while affluent communities like Beverly Hills and Malibu experienced declines OFFERS A VERY of 19% and 28%, respectively since peaking in 2007. COMPELLING VALUE In 2012 the median home price in San Marino was LIFESTYLE PROPOSITION a staggering $1.5 million. Figures by 2010 Census WHEN CONTRASTING TO estimates San Marino’s population at 13,241 and OTHER WEST COAST CITIES. suggests 54% of the demographic is now Asian persons. According to MDA DataQuick research, 75% of the recorded sales last year were to surnames the Chinese – I’ve watched this lifecycle time and of Asian descent. time again. Once a market is discovered they create a self-fulfilling prophecy and eventually a real “Clearly demand to live in San Marino doesn’t stem from job growth – it’s foreign born,” adds Wong. estate microclimate.” “It’s become a destination and as such the market “The lifestyle in Seattle and Bellevue compares well to other Pacific Rim destinations such as Sydney or Vancouver but real estate is half the price,” said Wong, who is a cofounder of The Dragon and the Pearls initiative with Jones. “That’s going to draw
“Asian homebuyers have been a staple consumer of properties in Vancouver, BC, San Francisco and Los Angeles for many years,” said Dean Jones, Owner of Realogics Sotheby’s International Realty. “More recently markets like Seattle and Bellevue have gained visibility and even a preference given their burgeoning economies. We are positioning ourselves to be a major catalyst for Asian home buying throughout the Pacific Northwest.”
10.00 8.00 6.00 4.00
AREAA 2013 GLOBAL SUMMIT
Honolulu, HI: Sotheby’s International Realty’s Pacific Rim was well represented during the Asian Real Estate Association of America including President Philip White, and representatives from Canada, the Philippines, Australia, emerging markets in Asia and the US. REALOGICSSOTHEBYSREALTY.COM I 7
and the lifestyle sustains itself. This phenomenon their assets, better educate their children and enjoy will continue in other cities too provided the an improved quality of life. The report mirrors economic trends in China continue.” findings by Shanghai-based pundit Hurun, who publishes the popular Rich List. They suggest more than half of China’s millionaires are considering or actively trying to emigrate. FOR THE FIRST TIME EVER,
THE ASIA-PACIFIC REGION SURPASSED NORTH AMERICA IN 2012 WITH THE LARGEST NUMBER OF MILLIONAIRES, ACCORDING TO THE CAPGEMINI 2012 WORLD WEALTH REPORT.
“The old real estate axiom Location-LocationLocation needs to be updated for Asian homebuyers – it’s more like Location-Education-Environment,” says Jones who convincingly arrays the benefits of the greater Seattle / Bellevue metro area. LOCATION: SeaTac International Airport is the closest mainland port to Asia and Hainan Airlines now offers daily, nonstop flights from Seattle to Beijing. That saves more than an hour compared with transfers to San Francisco or Los Angeles. While Vancouver, BC offers a similar flight time to China, no other West Coast market can match the bounty of natural offerings. Seattle is unique in that it grants immediate access to the protected, inland waters of Puget Sound; provides an opportunity to live on large fresh water lakes just minutes from two major metropolitan cities; and offers a quick ascent to the Cascade mountain range with outdoor recreation and natural vistas as scenic as they are plentiful.
According to the IMF, World Economic Outlook Report, China generated US$1.6 trillion in GDP a decade ago trailing the US, Japan, Germany, the UK and France in in descending order. By close of 2013 China is anticipated to generate more than US$9 trillion in GDP earning the auspicious honor of being the second largest economy in the world on top of being the most populous and among the fastest growing. For the first time ever, the AsiaPacific region surpassed North America in 2012 with the largest number of millionaires, according to the Capgemini 2012 World Wealth Report. New research released by the Chinese Academy EDUCATION: Newsweek recently recognized all of Social Sciences suggests wealthy Chinese are five public high schools in Bellevue among the best indeed heading overseas in an attempt to protect in the nation – no need for costly private schools. All
THE DRAGON AND THE PEARLS (continued)
HONG KONG ASSOC. OF WASHINGTON Seattle, WA: RSIR executives and select brokers welcomed in the Year of the Snake during a black tie gala sponsored by the Hong Kong Association of Washington and honoring the Bruce Lee Foundation.
NETWORKING WITH VISAS
Vancouver, BC: RSIR hosted executives of Shanghai / Vancouver, BC-based VISAS Consulting Group during a reception in Vancouver, BC to discuss immigration and foreign-direct investment programs in the US.
THE AMERICAN DREAM IS ALL ABOUT IMMIGRATING TO THE US AND LIVING A BETTER LIFE – I GET IT BECAUSE I’VE DONE THAT VERY THING MYSELF.
offer English as a second language program and an internationally-diverse student body, which fosters a comfortable immersion for new immigrants. The freshman class of The University of Washington is typically 20% international, about half of which are from China. The Academic Ranking of World Universities lists the University of Washington #16 compared with its closest alternative the University of British Columbia, which is ranked #39. Only four other campuses outrank the University of Washington on the West Coast and all are located in California, which is known for costly tuition and a much higher cost of living.
health risks. To attract families, elite schools are investing millions of dollars to build indoor playgrounds below glass domes with industrial air filtration systems. Some travel specialists are even promoting “clean air destinations” in their marketing efforts. Still the cultural, economic and political environment in the US is equally important as the natural environment. As the US economy recovers and housing prices rebound, Wong believes its real estate will become the most secure asset class in the world – especially considering the US stock market has reached a new peak and investors seek safe havens with greater upside potential. Foreign buyers can take solace, she says, in the stability and relative predictability of US government policies while enjoying fee-simple ownership forever unlike land leases in China.
“The Chinese are very sophisticated,” adds Wong. “While they understand the impact they create they prefer housing markets that are built upon structural job growth rather than government ENVIRONMENT: While most of the Pacific policy or immigration alone. The overseas demand Northwest enjoys fresh air (with particles per cubic from their friends and family is a bonus but they’re meter ratings generally well below 50 AQI) the air quick to promote their new lifestyle.” quality index readings in many cities throughout China (especially Beijing) can be sustained above Landed immigrants themselves, Jones and Wong 300, 500 or even 750 AQI – that’s up to 40 times remain confident that the American Dream is alive the recommended exposure limit. Understandably, and well abroad. “The Pacific Northwest is well concerned parents in China have needed to keep positioned to attract an increasing share of this their children indoors at times to avoid increasing Asian bounty,” says Jones. “I feel we’re next.”
THE TALE OF TWO CITIES
Vancouver, BC: More than 125 guests attended the Tale of Two Cities event held in Vancouver, BC to compare Vancouver/ Richmond, BC with Seattle/Bellevue, WA. The event was cohosted by VISAS Consulting Group and noted real estate brokerages in the two markets.
NETWORKING WITH ANGELA WONG
Seattle, WA: RSIR brokers were treated to a conference with Angela Wong, a top-producing broker with Ewing & Associates Sotheby’s International Realty in Los Angeles who specializes in foreign buyers from Asia.
ANGELA WONG 伍家寶
VICE PRESIDENT INTERNATIONAL MARKETING/ASIA
國際市場營銷副总裁 (亞洲) As Director of International Marketing for Asia with Ewing & Associates Sotheby’s International Realty, Angela Wong draws from her executive experience with a large British firm in Hong Kong in providing impeccable, full-service representation for her international clientele. She applies her honed business skills and trilingual capabilities (English, Cantonese and Mandarin) to maintain her stature as a topselling Asian-American broker. With over 20 years of success, she proudly services all Pacific Rim markets through the world’s preeminent real estate network. Angela is a trusted opinion leader and regularly contributes to global media and events focused on international real estate. +1 818 645 6754 ANGELAWONG-HOMES.COM ANGELA.KP.WONG@GMAIL.COM
AN EVENING WITH LULY YANG
Kirkland, WA: RSIR partnered with renowned fashion designer Luly Yang as well as CITI Private Bank, Ferrari & Maserati of Seattle, Glass Distillery, and Butler Valet at a private fashion show held at a luxury residence on Lake Washington. REALOGICSSOTHEBYSREALTY.COM I 9
一直以来，苏富比国际房地产都在密切 监控全球房地产市场的动态。而毫无疑 问的，我们也注意到，近年来中国经济 的蓬勃发展和个人财富的增长，促进了 中国人对外国房地产的投资需求.
设立在西雅图的房地产公司，通过与整 个环太平洋地区的主要房产经纪，海外 财富管理机构，移民专家和其他中心协 力合作，极大地宣扬了西北太平洋的的 生活模式。这个项目称为龙与珠，亚洲（ 主要是中国）是“龙”，从温哥华起 ，沿 西海岸的排列的一系列城市是“珠”，包 括西雅图/贝尔维尤，旧金山，洛杉矶， 显然，圣马力诺的房屋需求并非来 橙县，和圣地亚哥。
自就业增长 ， 多数居民是来自 国外出，”伍补充说。 “它体现了 一种趋势，随着中国经济的发展， 这样的趋势将继续在其他城市出 现。
苏富比国际房地产总裁菲利普怀特 说：“据我们的观察，2012年仍然是亚 洲市场销售强劲增长的一年，尤其是在 大城市和比较特殊的地区。”
据国家房地产协会的调查，过去12个 月期间，中国消费者在美国购买房地产 的总值达到了90亿美元。 而唯有加 拿大人在购置房屋数量上超过了美国（ 实际上，这些加拿大人大多数是中国移 民）。 观察员指出，热门的市场包括一 些国际大都会，例如纽约，伦敦等，但一 些美国西海岸的城市也属上升趋势。 Realogics苏富比国际地产的总裁迪恩 琼斯说：“多年来，亚洲购房者都是温哥 华，旧金山和洛杉矶的消费主力。 而最 近新兴市场，例如西雅图和贝尔维尤，也 开始受到亚洲购房者的青睐。我们正在 逐步确保整个西太平洋海岸成为亚洲家 庭购买的主要推动力量。”
伍家宝，她是Ewing& Associate耀 荣/苏富比房地产公司,國際市場營銷副 总裁 (亞洲) ,总部设在加利福尼亚州卡 拉巴萨斯，她经常到亚洲经商。她认为， 她的客户寻求的是价格合理的，以及是 未来增值潜力又比较大的房产，在这一 点上， 西北太平洋地区的房产具相当 大的增长潜力符合条件。 伍家宝小姐也是龙和珠的创始人之一， 她说“在西雅图和贝尔维尤的生活方式 是非常类似于悉尼或温哥华，但房地产 价格的只有它们的一半。 这是非常吸引 中国买家的地方，我已经见证了很多次。 每次一个新市场被发现了，就会形成一 个区域性的房产高需求市场。 “ 伍家宝说，举个例子，加利福尼亚州圣 马力诺，是洛杉矶郡的一个小城市，在 20世纪90年代的备受中国买家推崇。 在2011年房屋买卖大萧条期间，它是 美国唯一的，不但没有下跌，而中等住 房价格还一定程度上升了的地区。而富 裕的社区像比佛利山庄，马里布，相比 2007同期，它们的跌幅分别为19％和 28％。 2012年圣马力诺中等住宅价 格高达一百五十万元。2010年人口普查 显示圣马力诺的人口约为13,241，其中
THE DRAGON AND THE PEARLS
LOS ANGELES, CALIFORNIA
随着美国经济的复苏，房价反弹，伍小 姐认为，美国房地产将成为在世界上最 安全的投资 ，并有更大的升值潜力-尤其是考虑到美国股市已经达到一个新 教育：“新闻周刊” 贝尔维尤五个公立 的高峰，她说，因为尤其美国政府的政 高中学校在全国名列前茅- 你不需要昂 策相对的稳定和可预测性，同时享受土 贵的私立学校。所有学校都提供英语辅 地永远所有权，而不像中国租赁政策。 导程序，和国际多元化的学生团体，给 新移民营造一个舒适的环境。华盛顿大 “但中国人是非常复杂的，”伍补充 学的国际学生是20％，其中约一半来自 说。 “虽然了解到他们对房地产市场 54％是亚裔人士。据MDA DataQuick 中国。华盛顿大学的世界大学学术排名 的影响，他们更喜欢是建立在结构性的 公司的研究，75％去年的销售额是来源 第16，相近的英属哥伦比亚大学，排名 就业增长，而不是单靠政府政策或移民 是39。 的市场。当然，在他们向朋友和家人宣传 于亚裔。 自己的新的生活方式的同时，也吸引了一 环境：这里有清新的空气 （一般远低于 些新的需求。” 据国际货币基金组织（IMF）的世界经 济展望报告， 十年前中国创造了1.6万亿 每立方米评级颗粒50 AQI），中国的许 多城市（尤其是北京）的空气质量指数 琼斯和伍家宝本身都是移民，因此，非 美元国内生产总值，紧紧尾随美国，日 常有信心“美国梦”是可以实现的。 本，德国，英国和法国。2013年中国预 的读数可以持续高于300，500，甚至 750 AQI 这超标了40倍。 可以理解的 计生产总值将超过9万亿美元，而成为 世界第二大经济体。同时，根据凯捷顾 是，中国的父母有时候让他们的孩子在 “西北太平洋已作好准备，亚洲市场的 问公司的2012年世界财富报告， 有史 室内，以避免空气污染。为了吸引家庭， 份额会越来越大，”琼斯说。 “我觉 以来第一次，亚太地区百万富翁人数超 名校投资数百万美元建立空气过滤系统 得我们是下一个目标地区” 过北美地区。 中国社会科学研究院发 的室内游乐场。一些旅游专家，甚至推 布的一项新的研究表明，富裕的中国人 动“洁净空气游”。 试图保护自己的资产，给孩子提供更好 房屋价格比较 的教育，和享受更高生活质量。 胡润百 中等住房平均价格/家庭收入 富榜的反映调查结果显示超过一半的中 18.00 国千万富豪正在考虑或积极尝试移民。
过去的房地产理念是 ：地点， 地点， 地点， 现在这个理 念需要更新，应该是：地点，教 育，环境，琼斯说：”大西雅图/ 贝尔维尤的地区就具有这些优 点
它有大型淡水湖泊提供了丰富的内陆水 域。而在繁华的城市中你还可以看秀丽 喀斯喀特山脉自然风景。
SAN FRANCISCO, CALIFORNIA
VANCOUVER, BRITISH COLUMBIA
HONG KONG, CHINA
10.00 8.00 中国香港
VICE PRESIDENT INTERNATIONAL MARKETING/ASIA
ANGELA WONG 伍家寶
I HAVE AN INNATE SENSE OF SEEING THE POSSIBILITIES - INTERPRETING THE NEEDS OF BUYERS AND THE GOALS OF SELLERS TO CREATE SUCCESSFUL RESULTS.
Chris Doucet is a passionate residential real estate professional with more than 20 years of experience in connecting people with distinctive properties. Experience, knowledge, and commitment are just three of the qualifications Chris brings to a transaction. Her concierge style of service includes staging, reimaging and renovating providing a seamless listing advantage. Chris and her team are intuitive listeners with an intimate knowledge of the local market. Chris is well respected amongst her peers with strength in negotiation. It’s an extraordinary broker who knows how to market, stage, present, listen and negotiate - a combination of qualities that has made Chris Doucet the right choice for hundreds of clients.
1. EAGLE’S AERIE $1,800,000 | BELLINGHAM, WA MLS#479436 Bob Wold + 1 206 550 0000
$9,880,000 | SEATTLE, WA MLS#394651
3. SERENITY RETREAT $2,288,000 | MONROE, WA MLS#470291 Kathie Price + 1 206 999 4901
4. SOUTHAMPTON ON THE SOUND $5,200,000 | OLYMPIA, WA MLS#481223 Jamie Michaud +1 253 686 0806
5. VILLA A LAGO $8,000,000 | HUNTS POINT, WA MLS#447578 Kathie Price + 1 206 999 4901
6. ONE CARILLON $4,288,000 | KIRKLAND, WA MLS#423280 Kathie Price + 1 206 999 4901
CHRIS DOUCET EXPERIENCE. KNOWLEDGE. COMMITMENT. BEYOND COMPARE.
+ 1 206 819 4663 I SEATTLESGREATESTHOMES.COM CHRIS.DOUCET@SOTHEBYSREALTY.COM
REALOGICSSOTHEBYSREALTY.COM I 13
Cherishing the heritage of a historic Magnolia manor home but revitalized for today’s lifestyle. Surrounded by soaring hedges and gracious grounds on an 18,200 square foot corner lot, this majestic brick Tudor affords rare privacy within a few blocks walk to Magnolia Village. From the intricate parquet floors, carved oak wainscoting, coved plaster walls and leaded glass, this home offers the remarkable craftsmanship of its 1933 birth. Thoughtful renovation has been designed with entertaining in mind. Patios with outdoor kitchen and pizza oven, salt water pool and pool house, lighted batting cage, home theatre with recliner seating, chef’s kitchen, indoor playroom and outdoor play structure make this home a special place to host family and friends. $4,400,000 | SEATTLE, WA MLS#486314
Chris Doucet + 1 206 819 4663 SEATTLESGREATESTHOMES.COM CHRIS.DOUCET@SOTHEBYSREALTY.COM Connie Blumenthal + 1 206 579 9739 SPOTLIGHTSEATTLE.COM CONNIE.BLUMENTHAL@SOTHEBYSREALTY.COM 14 I REALOGICSSOTHEBYSREALTY.COM
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No matter the country, no matter the culture, stunning kitchens are the starting point for stopping buyers in their tracks.
Kitchens are homier yet they are decidedly more high tech. Kitchen desks are gone but space is reserved for smartphones, tablets and charging stations. “In fact, the sleek design of our iPhones and iPads has influenced appliance and cabinet design tremendously,” says San Diego-based Kitchen and Bath Designer Jamie Gold, AKBD, CAPS and author of New Kitchen Ideas That Work (Taunton Press, 2012). “You’re seeing curved corners, bright white finishes, streamlined or touch-panel appliance controls, black and gray glass appliance fronts
Prior page: New Zealand | Sotheby’s International Realty Queenstown, New Zealand Price Upon Request • Property ID:4000031417 • Julian Brown +64 3 450 0485 This page: Top: By The Sea | Sotheby’s International Realty Manchester, Massachusetts $3,950,000 USD • Devlyn Brackett +1 781 608 7202 Bottom: Atlanta Fine Homes | Sotheby’s International Realty Atlanta, Georgia $19,900,000 USD • Property ID:4285053 • Mark Bhaggan +1 678 938 7297
and the ability to customize your kitchen to how you use it. Technology is moving things along, producing multi-tasking appliances and hands-free, sensor-based functionality” that incorporates personal preferences for entertaining and day-to-day living. GOING FOR THE SPLURGE In homes of distinction, kitchens are part splurge and part surprise. Chef Waxman’s ideal? “A warm and beautiful kitchen that looks like it came out of the South of France.” Europe is known for its role as trendsetting and tastemaker. France is well regarded for its design. Italy and Spain are respected for their tile-making and surfacing work. Germany is a dynamic center of cabinetry, fixtures and appliance innovation. Experts agree quality is the mark of an extraordinary kitchen: Floors of honed limestone, slate or flagstone, for instance, that are beautifully textured and easy to clean. Quality is classic and enduring. That’s the case of the kitchen in a $3.95 million carriage house estate in West Manchester, Mass. “While the house was completed in 1998, the owners, who made all of the design choices personally, had amazing foresight when they built it. It is truly timeless,” says Devlyn Brackett of By the Sea Sotheby’s International Realty in Beverly, Mass. Splurges? Plenty including radiant floors, palladium ceiling windows, a 16-foot long island countertop of gorgeous reclaimed St. Petersburg oak and a cook’s garden. No matter the country, no matter the culture, stunning kitchens are the starting point for stopping buyers in their tracks. On the island of Sylt in northern Germany is a 12.9 million € home with an “I have arrived” kitchen, says Anita Gärtner of Hamburg Sotheby’s International Realty. The owners had a “precise idea of their dream kitchen,” the centerpiece of which is a bespoke range from the French firm of La Cornue. Other jaw-dropping features include a driftwood-
CULINARY PLAYGROUNDS Yet the emphasis of a grand kitchen is always on living space for socializing rather than as an appliance showroom. Ponte says the trend that started a decade or so ago of operating room-style kitchens is over. These days it’s about warmth and textures. Outdoor kitchens are getting the star treatment, too. In the Buckhead area of Atlanta is a 40,000-square-foot palatial estate listed for $19.9 million. It features two outdoor kitchens including separate stations for pizza-making and teppanyaki Japanese grilling in a one-acre inner courtyard that “folds onto itself like a hotel resort,” says Mark Bhaggan of Atlanta Fine Homes Sotheby’s International Realty. The grounds features more than $1 million of stonework impor ted from Lebanon and Jerusalem as well as mosaics laid by masons brought over from Italy. Every remarkable kitchen has an element of fantasy to it. And for many, the ultimate fantasy is a show-stopper in which the homeowner stars as the celebrity chef.
P H OTO G R A P H BY TO M JA S N Y
covered Gaggenau refrigerator and an antique tile stove more than a century old. The kitchen, built by Robinson & Cornish, demanded so much precision craftsmanships that the designers said it took more time to build than a Volkswagen. In some cases, yesterday’s indulgences are today’s must-haves like refrigerator drawers, pasta faucets and butler’s kitchens, “which were always a splurge, but are now becoming more common,” says Julian Brown of New Zealand Sotheby’s International Realty. Still, ‘common’ does not mean run-of-the-mill. Brown has a listing for a 5 million NZD Queenstown estate. Its Italian-designed kitchen boasts remarkable mountain views and a luxurious “open-style entertainer’s layout” with twin island bars. Twins are definitely in, especially for homeowners who enjoy hosting. A $13.8 million Greenwich Village loft, listed by New York’s Ponte and his Sotheby’s International Realty colleague Vannessa Kaufman, features a 750-plus square foot kitchen and lounge area with appliances by the pairs: two stoves, two ovens, two wine refrigerators and two Subzero refrigerators.
Top: Sotheby’s International Realty — East Side Manhattan Brokerage New York, New York $13,800,000 USD • Property ID:0018006 • Stan Ponte +1 646 489 3066 & Vannessa Kaufman +1 212 606 4109 Bottom: Hamburg | Sotheby’s International Realty Schleswig-Holstein, Germany Price Upon Request • Property ID:4000039531 • +49 40 85 500 900
JONATHAN WA XMAN Jonathan Waxman is a celebrated chef, restaurateur and author. A familiar face on TV, most notably on Bravo’s hit reality series, “Top Chef Masters,” Waxman worked in such prominent kitchens as Chez Panisse in Berkeley and Michael’s in L.A. where he developed his signature style of Californian cuisine. He later moved to New York, opening Jams. The New York Times called him a culinary comet. Today he is the chef and owner of Barbuto, a seasonal Italian brasserie in New York’s West Village.
REALOGICSSOTHEBYSREALTY.COM I 17
EVOLVING to your favorite seattle neighborhood The Stroupe Group is known for their stellar success in urban communities within the city. They measure success not by another closed transaction, but by helping clients evolve into a new home and neighborhood. A passion to understand client’s needs and a commitment to deliver results beyond expectations motivates the team to be exceptional. They specialize in knowing each market dynamic and offer trusted insights vital for making sound investments in a changing market environment while being sensitive to their evolving lifestyles. The Stroupe Group intimate knowledge of Seattle’s neighborhoods coupled with their innovative marketing, research and honest negotiation offer an advantage to matching clients with their best new home solutions.
Lake Washington Queen Anne Downtown Seattle Madison Park Montlake Laurelhurst West Seattle Capitol Hill Magnolia Leschi Ballard Phinney Ridge Fremont Greenlake Wallingford
Buying or selling, the Stroupe Group will unlock opportunities for your next move.
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CONCORD | 11 SOLD
ENSO | 8 SOLD
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where do you want to live? unlock the possibilities
The Stroupe Group is the leading downtown real estate team with well over $150,000,000 in sales. Specializing in the in-city marketplace, the group offers the public an extraordinary breadth of knowledge surpassed by none. Led by founder, James H. Stroupe, and partner Julie Roh, this team of dedicated experts with over 20 years of combined residential real estate experience is consistently ranked as downtown Seattleâ€™s Top Producers. The collective team has sold more in-city condominiums than any other resale broker.
MAKING SEATTLE REAL ESTATE OUR BUSINESS SINCE 1987
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STROUPE SCOOP Subscribe to our monthly newsletter for the latest news and marketing updates that provide detailed information on statistics and trends JAMES STROUPE + 1 206 910 5000 JAMES.STROUPE@SOTHEBYSREALTY.COM JULIE ROH + 206 354 1030 JULIE.ROH@SOTHEBYSREALTY.COM
in the Seattle Metropolitan market. Sign up at Stroupe.com/Subscribe
REALOGICSSOTHEBYSREALTY.COM I 19
OUR BACKYARD Seattle has joined a league of world-class cities
BY ANDREA SAVAGE PHOTO BY AARON LEITZ PHOTOGRAPHY
Seattle is known as a city of neighborhoods – each as distinctive as they are numerous. Just a few blocks one way or crossing a bridge can bring an entirely new culture and residential experience. From the working waterfront of Ballard to the top of Queen Anne hill to the shores of Lake Washington in Leschi, new residents learn there are so many choices to consider. Buy or rent? Condo or house? High-rise or townhome? Downtown or uptown? That’s the value of trusted real estate expertise – now more than ever. According to broker Jim Stroupe, “Every community has its own microclimate and buying in Seattle requires intimate knowledge of the nuances of each option – that only comes from experience.” There’s no doubt Seattle has joined a league of world-class cities. With Fortune 500 companies locating downtown, major infrastructure projects measured in the billions of dollars and thousands of new residents flocking in the Emerald City has clearly turned golden.
PACIFIC NORTHWEST LUXURY DEFINED
SEATTLE, WA | BROKER Scott Wasner is a Residential Real Estate Broker and Founding Director with Realogics Sotheby’s International Realty based in downtown, Seattle. Scott is also the Managing Partner of The Luxury Network International’s Washington Office. Scott has a passion for luxury travel and international business and his career has been founded from over two decades of exceptional customer service, project management, marketing, and sales negotiation skills. Scott served as the Director of Private Residences at the Four Seasons Hotel Seattle where he oversaw a $40 million marketing & sales pro forma. Prior to launching his career in real estate, Scott held senior-level positions in sales and marketing management within the high-end sector of the travel industry; which allowed him to travel extensively throughout more than 37 countries.
+ 1 206 910 1410 I LUXELIVINGNW.COM
SOLD FOUR SEASONS #1201 This stunning residence offers sweeping western water and mountain views, complemented by custom stone, wood, and cabinetry complete this stunning in-city, two-bedroom masterpiece. $3,400,000 | SEATTLE, WA
MILLENIUM TOWER #1701 Millenium Tower is a masterpiece of contemporary architecture, a rare opportunity to own one of only 19 highly detailed residences at this most sought after of downtown high rises. $2,259,000 | SEATTLE, WA
FOUR SEASONS #1702 Sweeping westerly views from the stadiums, to the ferris wheel, the ferries in the bay and mountain landscape. At the remarkable Four Seasons Private Residences. $2,700,000 | SEATTLE, WA
FOUR SEASONS #1504 This Four Seasons Private Residence offers stylistically integrated spaces created by internationally acclaimed & Architectural Digest’s “AD100” Interior Designer Terry Hunziker. $2,788,000 | SEATTLE, WA ML S#449451
RANKED AMONG THE TOP 1% OF THE NATION’S MOST SUCCESSFUL LUXURY REAL ESTATE BROKERS, MOIRA’S SKILLFUL NEGOTIATIONS,
OUTCOMES FOR BUYERS AND SELLERS OF DISTINCTIVE RESIDENCES, LOCALLY AND THROUGHOUT THE WORLD.
MOIRA E. HOLLEY
Well respected with a distinguished international clientele—Fortune 50 Executives, Entrepreneurial Leaders and Discerning Urban ProfessionalsMoira and her team fulfill the most sophisticated and ambitious premier property aspirations with discretion, determination and success.
DISCERNING DEDICATED SUCCESSFUL
Regarded by local and national media as an expert on trends within the luxury real-estate sector, Moira has generated media coverage for her clients in premier business and luxury publications. From in-city mansions atop Seattle’s
Queen Anne Hill to a perfect Puget Sound pied a terre, Moira’s new and longtime clients partner with her to select the singular and elegant homes that serve as both a sanctuary and a statement of their hard earned success. From East to West, our clients can buy, sell or lease the most exclusive and coveted luxury properties, available in the Pacific Northwest and around the globe.
Contact Moira and her team. Together, you will discover the enticing estate, ultimate penthouse, cozy bungalow or off-shore oasis that expresses your uniqueness and passion for beauty and balance; sanctuary and style. +1 206 660 4787 | MOIRA.HOLLEY@SOTHEBYSREALTY.COM
1 Denny Blaine Residence $7,200,000 PENDING
4 Millennium Tower $2,259,000
7 Seattle Heights $2,500,000
2 Pike and Virginia $595,000
5 Bainbridge Island Waterfront $7,250,000
8 Broadmoor Estate $4,995,000
3 The Klee $1,595,000
6 Landmark Manor $4,250,000
9 Hillclimb Court $675,000 10 Kundig Renovation $1,900,000
By Dean Jones Photo by Sarah Alston Photography
13 IS TURNING OUT TO BE A LUCKY NUMBER IN CENTRAL PUGET SOUND REAL ESTATE. “In many ways consumers are remembering that they can chose how and where they wish to live – a stark contrast to a few years ago when it felt like all of us were locked down as is, where is.”
AVERAGE DROP IN TOTAL DAYS ON MARKET FOR SINGLE FAMILY HOMES IN WEST BELLEVUE
Our year began with sustained year-overyear gains in median home prices across the board, mortgage rates remained at historic lows and by spring 2013 the Dow Jones Industrial Average index closed at an alltime high. Meanwhile, job growth has been advancing at twice the national rate. And as the closest US gateway to China (kind of a big deal) it’s easy to be optimistic about increases in foreign trade benefiting our area. Overall, it would seem much of the Great Recession impact has subsided and the marketplace has reset for a new cycle. Housing trends throughout the region, especially in King County, are defined by more buyers, fewer sellers and higher prices. After five years of grueling losses through 24 I REALOGICSSOTHEBYSREALTY.COM
February 2012, median prices surged 9.3 percent year-over-year in 2013, according to the S&P/Case-Shiller Home Price Index. This index observes the resale values of single-family homes in King, Snohomish and Pierce County and does not speak for new construction. Nor does it factor multifamily development such as condominiums. Taking a closer look at just King County, our most active submarket, the Northwest Multiple Listing Service (NWMLS) recorded an 11.1 percent year-over-year median home price increase to $400,000 as of April 2013. The database also posted the highest volume of pending sales in six years since before the market correction. Meanwhile inventory continues to shrink with available single family homes 35 percent fewer than a year prior and new construction only just beginning to play catch up as we build out of a significant dearth of new supply caused by the credit crunch. Bidding wars have returned, especially with moderate price points and in-fill locations. Similar excitement can be experienced at unique listings such as wellpriced waterfront, west-facing or penthouse condominiums and architecturally-significant properties.
MEDIAN HOME PRICE AND SALES VOLUME INCREASES IN SEATTLE METRO AREA CONDOMINIUMS
These conditions are exasperated further the closer one travels to the city center where new jobs dramatically outnumber the prospects of any new supply. Consider the
AVERAGE SALES PRICE TO LISTING PRICE RATIO OF SINGLE FAMILY HOME IN EDMONDS / MUKILTEO
7000 6000 5000 4000 3000 2000 1000 0 Average Total Listings
Average New Listings
Jan - March 2012 Jan - March 2013
Average Pending Sales
Average Closed Sales
Buyer profiles have expanded as confidence returns to the marketplace. Discretional homebuyers are back as local and foreign investors buy up distressed product, developers buy lot-value homes and second home buyers return from the sidelines. Also present is a healthy dose of Californian buyers opting for a Washington State driver’s license to avoid the crushing income tax hike approved by Proposition 30 (California is now the most expensive state in the union for combined tax burdens). In many ways consumers are remembering that they can chose how and where they wish to live – a stark contrast to a few years ago when it felt like all of us were locked down as is, where is. Liquidity is a good thing – it helps the real estate market run its course.
Looking ahead, we pine for inventory in what’s become a seller’s market. Many Seattle Metro/Eastside/Kitsap (single-family & condo) popular neighborhoods and price points are suffering from less than two month’s impact of Amazon.com, which is set to deliver Much of this is similar product. But just as they supply. Not surprisingly would-be sellers millions of square feet of new office space to start delivering product consumer propensity are watching the trends and holding out for employ thousands of new job positions. swings in favor of buying again. It’s commonly higher prices. cheaper to own than rent at price points below Meaningful supply of new condominiums $500,000. Housing affordability has skyrocketed and town homes for sale in the city center will thanks to corrected home prices, rising median not be available until 2015 and beyond. That household incomes and cheap interest rates. development cycle only just begun and we’re learning demand can rise much quicker that Another possible trend will be to convert supply downtown. Tell that to construction apartment buildings into condominiums, CEO | Owner lenders who remain elusive with for-sale which will be tempting for building owners of products given their recent memory of a housing appropriate properties in the secondary markets Realogics Sotheby’s correction. Apartment developers saw this that are rendered less competitive once new International Realty coming and have been busy building thousands apartment towers position consumers closer to of new apartment buildings, mostly in central their jobs (Seattle now ranks #8 for the worst To review Top Ten market trends for 2013 visit Seattle. commute in the US, according to INRIX Traffic RealogicsSothebysRealty.com/Market-Report All statistics courtesy of Northwest MLS and RSIR Scorecard). REALOGICSSOTHEBYSREALTY.COM I 25
CHAD ZI N DA Ascend to New Heights Pictured above: Chad Zinda, who is flanked by a few of his brokers. Recently, Stacy Jones, Owner of Realogics Sotheby’s International SJ: What attribute of your leadership do you think adds the most value? Realty sat down with Chad Zinda, the Designated Broker and Director of CZ: Inspiration. My job is to build better brokers not just provide a facility. Sales to discuss the growth of the brokerage firm: There’s always room to grow – many components of my background in training and development allows me to challenge our brokers to work SJ: It’s been just over a year since joining RSIR – what are you outside their comfort zone and explore new opportunities. That may be most proud of? new marketing concepts or researching and owning a different segment CZ: Our sales performance, of course. My goal was to evolve our of the marketplace. This grows their skills and confidence in reaching new boutique brokerage firm to be recognized among the top producing heights. I’ve developed a new six-week course titled “Ascent” designed offices in the markets that we serve. That’s precisely what’s happening. to elevate our brokers’ business to levels they never thought possible. We have the passion. We have the tools. We have the resources. They SJ: Given your experience at other brands, what’s it like managing have the “desire”. So it’s great partnership. a boutique brokerage? CZ: It’s much more personalized – we partner with our brokers and build unique business plans to grow their production. In many ways we’re more of a publishing and marketing company that happens to conduct real estate transactions. SJ: What challenges do you see in this marketplace? CZ: Mainly that the number of homes on the market is historically low. For would-be sellers its been about timing the market as most have been waiting for higher gains. Now is the time as the market is allowing these gains to be recognized. For buyers it’s about being as competitive as possible with offers. There are multiple offers happening all over the markets we serve. SJ: What would you say is a specialty of the firm? CZ: I would have to say that we attract beautiful listings, clients who understand the gift of our Brand and then allow us to tell the story of their home. This allows us to leverage all of our tools. Of course “international” is our middle name so it’s all about exposure locally, regionally and globally. I’d say a quarter of our buyers are new to the Puget Sound region and I haven’t met a seller yet that didn’t want to add 25% more depth to the demand pool. 26 I REALOGICSSOTHEBYSREALTY.COM
COLLABORATION AND SYNERGY IS AT THE CORE OF OUR DNA.
Pictured above: Chad Zinda at home in front of his office whiteboard training his team.
TRUSTED EXPERIENCE IN THE NORTHWEST. SEATTLE, WA | MANAGING BROKER As a second generation broker and lifelong resident of the Northwest, Rick is not only a Broker, but also an investor, landlord, and home owner. With his upbringing in real estate within the greater Seattle area, and his 12+ years of experience, Rick is uniquely positioned to quickly identify area properties with the potential to become your ideal home or a savvy investment for your future.
+ 1 206 399 9911 REALOGICSSOTHEBYSREALTY.COM RICK.MAYNARD@SOTHEBYSREALTY.COM
Rick specializes in distinctive properties of all price points and property types; from in-city condos to floating homes, to bungalows, waterfront estates and destination retreats and enjoys consulting with existing home owners on an ongoing basis, whether evaluating potential improvements or investments or just keeping on top of current market trends. Rick believes that his strong negotiation skills and the ability to anticipate his client’s needs create a positive purchasing/selling experience for all involved.
SOLD CRISTALLA $675,000 | SEATTLE, WA
FIFTEEN TWENTY-ONE SECOND AVENUE $1,535,000 | SEATTLE, WA ML S#483254
We are unique in our ability to extend all the mortgage options you’d expect from a large lender or nationwide bank, but with the personal attention you appreciate when working with a local business.
Integrity • Pride • Teamwork
Carese Busby MLO-619429
Mortgage Loan Originator
© 2013 Cobalt Mortgage, Inc., 11255 Kirkland Way, Suite 100, Kirkland, WA 98033. Toll Free: (877) 220-4663; Fax: (425) 605-3199. NMLS Unique Identifier: 35653. Arizona Mortgage Banker License #0909801. Licensed by the Department of Corporations under the California Residential Mortgage Lending Act #4130455. Licensed by the Colorado Department of Regulatory Agencies in Colorado state. Idaho Mortgage Broker/Lender License #MBL-5220. Louisiana Residential Mortgage Lending License #35653. Michigan Mortgage Broker/Lender/Servicer Registrant #FR0018706 & #SR0018730. Montana Mortgage Lender License #35653. Nebraska Mortgage Banker License #35653. Nevada Mortgage Banker #3723, Nevada Mortgage Broker #3725. New Mexico Mortgage Loan Company License #03587. Oklahoma Mortgage Broker License #MB002202. Oregon Mortgage Lender License #ML-2991. Texas SML Mortgage Banker Registration. Utah-DRE #8220471. Washington Consumer Loan License #520-CL-48866. Wyoming Mortgage Lender/Broker License #2315. Carese M. Busby, NMLS-619429, MLO-619429. Ticket #2013050910002064
CARESE BUSBY MLO - 619429 COBALT MORTGAGE
ANYONE CAN QUOTE A RATE — IT’S THE DELIVERY THAT MATTERS.
Q: Savvy real estate investors say to buy up in a down market – how do you parallel that statement to your industry? A: Interest rates are at historical lows and there has truly never been a better time to buy a home. The affordability index, indicates that consumers have more buying power now than in the last several decades. Low interest rates give consumers more buying power by allowing them to purchase a more expensive home. As interest rates rise, consumer’s buying power decreases and it costs more to purchase the same home. Q: Is it better to buy right now, or should I continue to rent? A: The most important housing decision that most consumers face is whether to rent or to buy. Accordingly to Trulia (Jed Kolko, chief Economist - 3/20/2013), it is 44% cheaper to buy versus rent and homeownership is cheaper than renting in the 100 largest metro areas across America. Financially, consumers receive a mortgage interest deduction through homeownership versus no deduction for rent. Rent can increase over time whereas homeowners can manage payment risk through locking in a fixed rate which guarantees the interest rate and subsequently the loan payment over time. A house will become a home and will likely be a long term living situation whereas renters are at the mercy of a landlord. Lastly, a home is an investment and the value will likely increase over time creating equity that is non-existent in a rental situation.
DID YOU KNOW... Carese is a two-time award winning national figure skater and an all-star mortgage banker. She’s not only cool under pressure, she knows how to carve her way on the ice rink and around the lending markets.
Q: What can I do to better prepare to purchase a home? A: It doesn’t matter whether you are first time homebuyer or move up buyer, get your loan pre-approval done first before you fall in love with a home! Keep your financial records including your income and banking statements going back 3 years, know your credit history and make sure it is accurate, and refrain from making large purchases prior to applying for a loan or during the process. Q: Are quotes difficult to get? A: Anyone can quote a rate, but it’s delivery that matters. The regulatory environment is such that there is not a dramatic difference in rate pricing amongst institutions, however, tighter lending requirements require skill and prowess to get to closing. The comparative advantage has shifted from an interest rate focus to knowledge, experience, and ability to navigate the challenges that arise throughout the process. When choosing your mortgage consultant, base your decision on experience and reputation rather than holding out for that low rate promise. BUY OR RENT? How much you willing to spend in rent over 1 - 15 years? Wouldn’t you rather build equity in your own home?
A New Currency Emerges Global Investors Seek out Rare and Unique Ultra-Luxury Real Estate
BY DANIEL J. JONES - senior contributing editor/jetset magazine in collaboration with sothebyâ€™s international realty affiliates, llc. 30 I REALOGICSSOTHEBYSREALTY.COM
hen the cracks began to show in the seemingly unbreakable boom that was the U.S. housing market, smart money — as is often the case — ran for shelter in an effort to insulate itself from the coming doom. That’s the thing about smart money: it stays around, it’s prepared and it tends to grow when times are tough for the broad markets. Just like a diamond created under pressure, it comes out much more valuable if given the proper amount of time. Nowhere else is this paradigm more evident than in the global luxury real estate market, where smart money, savvy investment and the creation of the world’s rarest properties have created a new kind of currency. REALOGICSSOTHEBYSREALTY.COM I 31
The luxury real estate market, never stronger or more vibrant with cash buyers from all over the globe, provides tangible wealth and cachet unmatched by a simple stock portfolio. Smart investors have come out of the worst financial crisis since the Great Depression stronger, wealthier and with a hunger for rare, prebuilt property. And more than ever, this smart money is coming from emerging markets outside of the U.S. “We are seeing Chinese purchasers notably in Australia and California, and the second home market in Spain is dominated by German and Russian buyers. Cash buyers continue to invest in luxury real estate as it offers an attractive investment option in a tangible asset,” says Philip White, President and Chief Executive Officer of one of the world’s most prestigious real estate companies, Sotheby’s International Realty Affiliates, LLC. There is a fairly easy explanation for this. When the U.S. housing bubble burst, the value of the U.S. dollar fell dramatically, strengthening other currencies. This provided foreign investors with large “discounts” when purchasing property in U.S. dollars. And, even though U.S. bonds were downgraded from their AAA rating in August of 2011, the U.S. market has still been considered to be a safe haven for investment. So, say “hello” to wealthy foreign investors looking for good values where they can park cash and “welcome to the U.S. luxury real estate market.” This influx of foreign cash has largely insulated the luxury real estate market from the woes of Middle America and its slow recovery. Luxury property values in cities like New York, Miami, Los Angeles and Seattle have significantly increased since 2008 with demand high and inventory low. According to White, “The United States is improving as year-over-year price increases have exceeded most Starwood Estate - Colorado
32 I REALOGICSSOTHEBYSREALTY.COM Starwood Estate - Colorado
Hidden Bay - Alaska
Kadenwood Property - Whistler BC
Kadenwood Property - Whistler BC
The Florida Keys
The Florida Keys
economists’ predictions, resulting in lower inventory due to lower interest rates.” The shockwaves from the U.S. market crash took time to work their way into foreign markets and ultimately had a similar effect. But, as was the case with luxury properties in the U.S., demand for foreign properties that fit the new generation buyer (rare, unique, pre-built to meet their lifestyle) increased, keeping values high and inventory low. Foreign markets like Asia, Europe and South
“Cash buyers continue to invest in luxury real estate as it offers an attractive investment option in a tangible asset.” - Philip White, President and Chief Executive Officer of Sotheby’s International Realty Affiliates, LLC.
America have seen luxury real estate value and sales sky rocket since the market collapse. “From what we observe, 2012 was another strong year in real estate with the Asia market continuing to be strong in terms of sales both in the metropolitan areas and for special properties in unique locations,” says White. An emerging category of luxury real estate —or ultra-luxury real estate — is the “Trophy Property.” Although the emergence of cash purchases in the $5-$20 mil range has been impressive, it’s the record-breaking, one-of-a-kind “trophy” buys that have
REALOGICSSOTHEBYSREALTY.COM I 35
been the most surprising. These properties tend to fall outside the normal dynamics of the overall marketplace and are a result of investor demand and limited supply. Rarity of location, unique amenities, world-class views and size tend to play important roles in attracting interest. Luxury real estate investors also don’t want the hassle of building to suit — a testament to the fast-paced lives of each of these buyers. Building a world class, rare and unique property on highly sought after land in a foreign country is a daunting task.
“Some of the most extraordinary properties on earth were built at the best of times during the past economic cycle.” - Dean Jones, president and CEO of Realogics Sotheby’s International Realty
It’s much better for an interested investor to seek out a pre-built estate than to spend years perfecting it themselves. This is evident in major cities like New York, Los Angeles, Hong Kong and London. Cities like these are highly sought after, but are limited on space, making a scratch build extremely costly and difficult. According to Dean Jones, president and CEO of Realogics Sotheby’s International Realty, “We’re monitoring a new generation of luxury homebuyers seeking financial safe harbor in exotic, ready-to-go real estate. Some of the most extraordinary properties on earth were built at the best of times during the past economic cycle. A select few are now making their way to market for the very first time and oftentimes at preferred pricing. This includes destination properties accessed 36 I REALOGICSSOTHEBYSREALTY.COM
REALOGICSSOTHEBYSREALTY.COM I 37
only by private aviation and long range yachts — this lifestyle is making a comeback.” Former owners are also coming to terms with the new currency they’ve created, many of whom spent millions creating the one-of-akind properties now making their way to market. George Herrdum, a retired founder of GFTA, a pioneer in computer-based technical analysis of foreign markets and a currency advisor, spent plenty of time and money building family homes in remote locations. “Priorities change, and I’ve come to realize my time is everything. It’s the memories of family and friends that matter, not my time spent with architects and contractors.” Herrdum is the creator of one of the world’s rarest and most unique properties, a self-sustaining island retreat surrounded by the Kootznoowoo Wilderness Preserve in Alaska. Herrdum’s creation in Alaska is one of a select few. This subset of real estate has created a new kind of currency, one traded amongst the ultra-affluent just like simple stocks or bonds. With inventory highly limited and with global markets in a constant state of influx, real estate professionals, investors and collectors can expect that by owning a piece of luxury real estate that is rare, unique and lifestyle driven, they carry a very valuable piece of currency.
About Jetset Magazine Written by multiple NY Times Bestselling Authors, Jetset Magazine presents an editorial environment unmatched in our industry. Jetset Magazine’s Award Winning editorial contributors are world renowned for work in their industries. These authors have sold millions of books worldwide and many of them have pioneered ground-breaking innovations and fortune 500 companies. Never sold on newsstands to the “aspirational” buyer, Jetset’s tightly controlled distribution model is fundamentally different and reaches more buying power than any other in the affluent publication space. To learn more, please visit www.jetsetmag.com. About the Author Daniel J. Jones is the Chief Marketing Officer and Senior Contributing Editor for Jetset Magazine. To contact Daniel, please email firstname.lastname@example.org.
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FOR THE LOVE OF ART... Realogics Sotheby’s International Realty is proud to have hosted numerous art events for the Sotheby’s Auction House bringing renowned collections from the Pacific Northwest to a global marketplace. To attend an upcoming event register on our Passport Registry at RealogicsSothebysRealty.com
REALOGICSSOTHEBYSREALTY.COM I 39
DESIGNING SPACES Q&A
Q: What is the best part of designing and styling a home for putting it on the market? A: I love showcasing the beauty of a home.
Q: What makes you different from a typical Styling a home and preparing it for the market stager? A: I am first and foremost a designer. I approach every home like I would any of my clients. I’m looking to add value through current trends, and freshening things up to enhance a home’s greatest attributes. I am a designer who stages and styles, not a stager who designs and styles.
allows other people to see a property on it’s very best day.
Q: You work with a lot of Realogics Sotheby’s International Realty brokers. Why do you enjoy working with Cassie?
A: Cassie really understands and appreciates the value of a well-styled home. She’s always Q: What are buyers valuing that a current been an active participant in that collaboration. Whatever vendor she is working with, including homeowner might not realize? me, she’s always communicating how valuable I A: Bold colors, graphic patterns, clean lines, simple am to her team. Cassie also understands design casual, understated luxury. Buyers want a place to is an investment for the client. That’s something call home, and a space that speaks to them. I really value about her. + 1 206 351 4448 I KPSPACES.COM KERI@KPSPACES.COM
a house into a home
SELLING BY DESIGN Q&A
CASSIE DAUGHTREY Q: Do you hire Keri for every listing? A: I have hired Keri for every single listing I’ve had for the last 4 years. It’s the best thing I’ve done for my business aside from joining the Realogics Sotheby’s International Realty team.
Q: How do you approach a home that has already been professionally designed? A: When working with a client to sell their home, I am working with an audience of buyers that has to be determined ahead of time. Even the most beautiful home, professionally designed, can benefit from having a little polish. Getting your home ready for the market is like an actress getting ready for the Oscars. It may already be a star, beautiful in it’s own right, but could use a little polish for the big day.
Q: What should potential clients expect from your services? What makes you different?
A: My clients are the most important part of my business. I expect them to feel that from me. I am a different kind of broker because I come with a team. A designer, a photographer, an architectural consultant, and of course, me. My unique approach to listing a home and interacting with my clients is often received as refreshing and comforting. When I have Q: What is the biggest benefit to aligning yourself exceeded the expectations of my clients, I know with a designer? I have done my job. And my team helps me A: Having a designer on my team is invaluable. achieve these results. And Keri’s talents have always far exceeded + 1 206 403 8548 I SAVVYSEATTLE.COM CASSIE.DAUGHTREY@SOTHEBYSREALTY.COM my expectations, and as a result, I continue to exceed my client’s expectations. So in short, aligning myself with a designer has resulted in a growing number of very happy clients.
18.7% WASHINGTON PARK TOWER
$925,000 | SEATTLE, WA
More than the average market value on a price per square foot basis is what Cassie delivers for her clients.
$399,950 | SEATTLE, WA MLS#468351
ALEX HAYES EXCEPTIONAL CUSTOMER SERVICE & PROVEN RESULTS.
ELIZABETH AYER ESTATE $2,888,000 | SEATTLE, WA MLS#357995
SEATTLE, WA | BROKER Alex provides her clients with over 15 years of impeccable customer service, project management, marketing, and sales negotiation skills. Prior to launching her career in real estate, Alex managed sales and event planning for both corporate and private clients located in Los Angeles, Manhattan, Paris, Washington D.C., & Seattle. Committed to excellence, customer service and professionalism, Alex is dedicated to bringing positive results by creatively collaborating with her clients to achieve their goals no matter how lofty. Alex exudes warmth, enthusiasm and a willingness to work tenaciously to advocate on her clients’ behalf. Combining hospitality and sales management while anticipating the needs of her clients, has prepared Alex for the challenging yet exciting world of luxury real estate. Alex currently supports and serves on various social and business committees; including Mary’s Place, Center for Spiritual Living (CSL), Habitat for Humanity, the Washington Athletic Club and the Seattle Animal Shelter. + 1 206 605 1601 ALEX.HAYES@SOTHEBYSREALTY.COM ALEXHAYESHOMES.COM
COMMITTED TO OFFERING THE BEST SOLUTION FOR EACH OF HER CLIENTS.
SEATTLE, WA | MANAGING BROKER
Irene is a top performing certified real estate professional serving buyers, sellers and developers in the Seattle area with over 13 years of award-winning experience. With over $300 million in personal career sales, she has proven to be an expert in her field, as well as a skilled negotiator delivering exceptional sales results. A Seattle native, Irene has built a stellar reputation among clients and real estate professionals with her vast experience and passion for service and integrity. Irene is dedicated to providing exceptional service for all property types; so whether it’s a waterfront estate, a luxurious downtown condo or a modest suburban bungalow, Irene is committed to offering the very best solution for each client. Designations include: New Home Specialist in New Construction, Certified Negotiation Expert, Marketing Specialist and Designated CSP, Certified Residential Investment Property Analysis in Waterfront Specialist. + 1 206 818 8477 I IRENEPAPPAS.COM I IRENE.PAPPAS@SOTHEBYSREALTY.COM
LANGUAGES: Greek and English
THIS IS YOUR BACKYARD IN NORMANDY PARK
NEW PRICE NORMADY PARK
$1,897,000 | NORMANDY PARK, WA MLS#326020
REFINED. CULTURED. EXCLUSIVELY NORTHWEST.
SEATTLE, WA | MANAGING BROKER Connie Blumenthal epitomizes the true Connoisseur of Life. She is passionately involved in the arts, entertainment and social events where she has earned much deserved respect for her generosity and enthusiastic approach to every venture she commits to. Connie combines her passion for living well with her dedication to residential real estate. She is a top performing broker specializing in the luxury real estate market and represents a diverse range of buyers and sellers of waterfront estates, one-of-a-kind homes, and in-city penthouses. She consistently exceeds her client’s expectations with her commitment to creating success and the many unique marketing platforms she has to offer. Connie is often cited by the local media on the luxury real estate market and has been published in the Puget Sound Business Journal and The Seattle Times. + 1 206 579 9739 I SPOTLIGHTSEATTLE.COM I CONNIE.BLUMENTHAL@SOTHEBYSREALTY.COM
CAPITOL HILL DREAMING RESORT LIFESTYLE IN PORT LUDLOW
180 DEGREE VIEWS
This truly unique property has a completely designed large main level, a private office suite and second level penthouse offering an expansive Southwest facing patio. $1,850,000 | SEATTLE , WA
A resort lifestyle awaits in this waterfront home in Port Ludlow’s South Bay Estates. Enjoy the sweeping views of the Twin Islands & Inner Harbor. Launch kayaks from your own personal beach! $1,095,000 | PORT LUDLOW, WA
Amazing 180 degree views of lakes, mountains, city & beyond! Upscale, boutique & modern with artistic and elegant finishes. Sweeping deck with expansive views of Lake Union. $850,000 | SEATTLE, WA
WATERFRONT VIEW HOME
Edgemoor luxury home with sweeping views of the Olympic Mtn Range, Bellingham Bay, San Juan Islands & Canadian Coastal Range. The attention to detail is impressive with North Cascade Joinery design & Moceri Construction creating the perfect marriage of craftsmanship & quality. $2,000,000 | BELLINGHAM, WA ML S#320222
DEDICATED TO THE EXTRAORDINARY. THE EXCEPTIONAL. THE UNIQUE.
SEATTLE, WA | BROKER Jason Gibbons is a third generation real estate professional and has been a licensed residential broker since 2004. Jason garnered his experience working alongside his family’s boutique real estate brokerage in the Issaquah Highlands selling over 200 homes. In 2011, Jason joined the Sotheby’s International Realty brand and is proud to be aligned with a global force that is recognized by the world’s most extraordinary clientele. Being a young professional in the industry, he has come to believe that embracing adversity and providing unparalleled service results in exceeding expectations. With the global reach and unrivaled marketing, he has proven to make a name for himself in the business. His success is your success, and his dedication to the extraordinary will continue to withstand the test of time. + 1 425 890 7143 I REALOGICSSOTHEBYSREALTY.COM I JASON.GIBBONS@SOTHEBYSREALTY.COM
SOLD ONE CARILLON POINT
CLE ELUM RIVER ESTATE
$3,500,000 | KIRKLAND, WA Most significant sale in Kirkland since 2011.
$1,490,000 | CLE ELUM, WA
Nearly 5,700sf of open contemporary living amidst the celebrated architecture & post tension slab concrete. Large private outdoor patios w/ waterfalls & expansive garden areas.
The perfect private location just south of the Suncadia entrance along the dam -controlled Cle Elum River nestled amongst towering evergreens in a park-like setting. ML S#47 7082
AN INTELLIGENT APPROACH TO THE NEXT GENERATION OF REAL ESTATE.
SEATTLE, WA | BROKER
Anton’s passion for financial markets and real estate trends has distinguished him amongst his peers and clientele as a sought-after authority for intelligent property investments. He is an experienced negotiator and well-versed in keeping the transaction process simple for both buyers and sellers - a win / win for all. Anton prides himself on his analytical thinking with the goal of generating successful transactions for every client. Anton is a team member of top producing broker, Moira Holley who consistently ranks among the top 1% of brokers in the entire Puget Sound. LANGUAGES: Russian, English, + 1 206 412 3143 REALOGICSSOTHEBYSREALTY.COM ANTON.KRIVENYSHEV@SOTHEBYSREALTY.COM
CONTEMPORARY QUEEN ANNE $1,675,000 | SEATTLE, WA MLS#473084
88 VIRGINIA - PROTECTED VIEWS $1,395,000 | SEATTLE, WA MLS#472509
“As the market escalates we’ll enter a new phase when presales make sense again and homebuyers start planning down the road.”
ON THE HORIZON
ON THE H O R IZO N
Development cycles aren’t new to William Justen, Principal of The Justen Company - a Seattle-based development firm and land owner’s representative. This is his fifth. As a former Director of Planning for the City of Seattle and urban dweller for more than thirty years, he’s been witness to an evolving skyline and a paradigm shift in consumer preferences. “I’m not just the developer of these communities but a resident too,” says Justen. “I’ve built and lived within ten buildings in downtown Seattle so I’m always gaining perspective on emerging market trends. It’s real-time research.”
FIVE YEARS LATER DEVELOPERS ARE LINING UP IN DOWNTOWN SEATTLE. BY EDWARD F. THOMAS
In 2006 Justen was instrumental in changing the zoning within Mayor Greg Nickels’ “Center City Plan” to encourage residential density and allow taller, more slender towers on in-fill sites closer to the city core. The prototype was Fifteen Twenty-One Second Avenue. This 38-story, 143-unit condominium tower located above The Pike Place Market is effectively sold out at more than $900 per square foot, despite delivering amidst the Great Recession in late 2008. Justen had completed entitlements for several other key parcels nearby but says the global credit crunch effectively stalled all downtown condominium projects in their tracks. “Commercial lenders for condominiums just vanished and only more recently have apartment towers for rent been able to secure construction financing,” said Justen. “The lack of construction in recent years opened up a pretty broad window of opportunity for builders of condominiums today – especially considering the prevailing low mortgage rates and sky-rocketing rents of late.” To be sure some construction of “for-sale” development has resurfaced. Pocket-sized projects have been financed by Seattle-based Blueprint Capital, who creatively pools funds from developers to make construction loans to other developers. On a larger scale, BOSA Development from Vancouver, British Columbia started construction on their 700+/- unit Insignia project in 2012. They are reportedly using all equity (for now) to get a jump on the next development cycle (it can take 30 months of construction to deliver units after 18-24 months of design and permitting). More recently Trinity Development broke ground on the Residences at Fairview – a luxury 21-unit townhome development on the eastern shore of Lake Union at the northern edge of downtown. They’re set to deliver homes as soon as early 2014 after securing what may be the first and largest construction loan on a for-sale project in six years, say observers. 46 I REALOGICSSOTHEBYSREALTY.COM
Pictured below: William Justen, Principal of The Justen Company, a Seattle-based developer and land owner’s representative.
Suppy and Demand
MLS AREA #701 Downtown Seattle City Center
CONVERSION TO APT.
DOWNTOWN REBOOT – The adjacent graphic illustrates the supply
of new construction condominiums
in the year of their substantial
[ [[ [
delivery as well as the current status
of that inventory. Given protracted
40 20 10 5
construction schedules, consumers and brokers are learning that demand can rise much quicker than new supply
“Selection is anemic – we’re nearly sold out of new product throughout the entire city,” says Dean Jones, Owner in the high-rise context. Fewer than
of Realogics Sotheby’s International Realty – a top-selling brokerage firm in downtown Seattle. “The benefit of 45 new units remain available today new construction, of course, is that it’s fresh. Buyers are waiting for exciting new concepts not available within as consumers await a new crop of condominiums in the pipeline. the standing inventory. Demand has evolved but the product hasn’t.” During the peak of supply in early 2008 Jones monitered 2,368 new condominium units on the market and in some stage of development. Five years later the remaining unsold inventory in downtown Seattle is fewer than 45 available homes, in part because four buildings (comprising 777 units) were converted to apartments (three of the buildings were subsequently sold to REITs as long term holds and aren’t likely to revert back to condominiums). Even with resale inventory added the total supply in the center city has averaged less than 140 units in 2013, according to NWMLS data. Reports show rising demand and not surprisingly, median home prices are increasing at an average rate of 1-2% per month since early 2012. “There’s no doubt the market has reset,” adds Jones. “As prices escalate we’ll enter a new phase where presales make sense again and homebuyers start planning down the road. It’s to their advantage to lock in pricing on the next generation of product during presales, explore personalization options and then wait to sell their current home at higher prices.” Justen agrees. That’s why he’s pulling the trigger on his newest vision (and his next residence) – a two-phase development known only as “2VS” and “2VN”. The pair of development sites planned by Weber Thompson Architects straddles Virginia Street on the western side of 2nd Avenue just two blocks northwest of Fifteen Twenty-One Second Avenue. HIGH ANTICIPATION – Pent-up demand for exciting new condominium product has encouraged The Justen Company and his land partners to commence development with the 2VS Project. The 40-story luxury condominium and hotel is sited at 2nd & Virginia, just steps away from the Pike Place Market and the main entrance to Seattle’s new waterfront park.
Rendering by Weber Thompson Architects
REALOGICSSOTHEBYSREALTY.COM I 47
Sited at the highest elevation near the waterfront and benefitting from new zoning, Justen says 2VS and 2VN would become the tallest residential towers in downtown Seattle with unobstructed views of Elliott Bay.
The first phase will be 2VS on the south site, which will comprise of a boutique hotel and approximately 166 condominium residences within a 40-story tower. Justen hopes to break WORLD-CLASS WATERFRONT – James Corner Field Operations is ground in time to deliver the homes designing Seattle’s new waterfront, which promises a renewed connection between the city and Elliott Bay including a promenade that will rival Vancouver, B.C. and by late 2016, which is timed with the San Francisco, CA. The removal of the Alaskan Way Viaduct and added open new Seattle Waterfront Park. He’s spaces by 2016 will create one of Seattle’s most desirable residential neighborhoods. quick to note the main entrance to what he calls “Seattle’s Embarcadero” is just two blocks west through The Pike Place Market. He describes the impending removal of the Alaskan Way Viaduct as “game changer”.
COMPARED WITH THE HEIGHT OF NEW CONSTRUCTION CONDO SUPPLY IN 2008, LESS THAN 2% OF THAT INVENTORY REMAINS UNSOLD. – REALOGICS SOTHEBY’S INTERNATIONAL REALTY
“This stretch along 1st and 2nd Avenue will become the Gold Coast of downtown Seattle living,” said Justen. “These are among the last development sites with a front and center perch over The Pike Place Market. They will become a landmark and a hub between other neighborhoods including Belltown, the Denny Regrade, the Market District, the Retail District and CBD.” His statement stacks up according to title report research says Jones. Of the 384 condominiums that closed above $1 million in downtown Seattle since 2000 a remarkable 56% of them have occurred within a relatively small, six square block vicinity centered on The Pike Place Market. In fact, 120 closed recently in Fifteen Twenty-One Second Avenue, which averaged more than $1.8 million per residence. That said, Justen’s new tower will offer a broader spectrum of condominium types from efficient one bedroom homes anticipated to start below $500,000 to expansive penthouses priced above $5 million. The residences will start on the 14th floor above the hotel to offer views and also benefit from its services. “Unlike Fifteen Twenty-One Second Avenue, which are all two bedroom or greater and average nearly 2,000 square feet, 2VS has a hotel and more amenity spaces so there’s less need for some buyers to purchase a second bedroom for their guests,” said Justen. “We’re also incorporating three bedrooms knowing that demand is present for young families. It’s surprising to some that we have more than fifty children ranging from newborns to college students living with their parents at Fifteen Twenty-One Second Avenue. This demonstrates how much downtown has evolved.”
To learn more about new condominium opportunities arriving to downtown Seattle call 206.448.5752 or register online at URBANCONDOMINIUMS.COM
NEVER BEFORE. NEVER AGAIN. The Residences at Fairview’s clean and modern architecture is designed to blend with the environment, maximize water views and incorporate an urban feel reflective of city life. It’s an exceptionally rare opportunity that is quite simply – Seattle. Perfectly positioned on the water’s edge of Lake Union, swimming, boating and kayaking are available immediately outside your door, and with close proximity to downtown Seattle. The Residences at Fairview offers balance for those that seek an everyday retreat from the city but desire the best of both worlds. The attached residences feature light-filled interiors, flexible living spaces and private outdoor terraces with breathtaking views of Lake Union, the Olympic Mountains and downtown Seattle. Enjoy refined finishes, thoughtful amenities and an expansive rooftop deck with an integrated fireplace, built-in BBQ options and provisions for an optional outdoor spa, wet bar and green roof system. LIMITED COLLECTION OF 21 WATERFRONT RESIDENCES | PRE-SALE PRICING FROM $1.295MILLION | OCCUPANCY 2014 THE RESIDENCES AT FAIRVIEW | CARRIE DEBUYS 206.551.0555 | FAIRVIEWLAKEUNION.COM REALOGICSSOTHEBYSREALTY.COM I 49
CARRIE DEBUYS + 1 206 551 0555 CARRIE.DEBUYS@SOTHEBYSREALTY.COM LIVEURBANSEATTLE.COM
CARRIE DEBUYS & RIC DIEU A DEDICATED TEAM SPECIALIZING IN NEW CONDOMINIUMS AND
RIC DIEU + 1 206 618 3883 RIC.DIEU@SOTHEBYSREALTY.COM RICDIEU.COM
SOLD THE VINE #1004
$749,000 | SEATTLE, WA
$1,450,000 | SEATTLE, WA
$1,595,000 | MEDINA, WA
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For Art. For Beauty. For Life. Distilled from wine grapes glassdistillery.com
PAR ADISE NORTH SEATTLE: A BREATH OF FRESH AIR Close to everything, but away from it all.
From the ferry hub of Mukilteo, to the walker-friendly haven of Edmonds, to the economic powerhouse of Everett, the North Sound has something for everyone and is the perfect place to call home. It’s also one of the fastest growing local areas for population growth. According to Managing Broker Bob Wold, there is a reason for that. “Nowhere else in the Pacific Northwest can you find the incredible combination of more than 30 miles of pristine beaches, an abundance of quaint, waterfront communities, and majestic mountain views. It’s a stunning area that is made even more popular by the fact that it is close to everything, but away from it all.”
Wold says the area benefits from its adjacency to the I-5 and I-405 freeway systems linking BY CASSANDRA OVERBY Everett, Bellevue and Seattle. “It’s sort of like three pistons in the same engine,” he says. “Our PHOTO BY MARK HOPKINS PHOTOGRAPHY local housing market really benefits from the diversity of growing industries in each city.”
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DISTINCTIVE WATERFRONT & VIEW HOMES JUST NORTH OF SEATTLE.
EDMONDS, WA | BROKER Long respected by both clients and colleagues for his professionalism, experience and ability to accurately read the market, Jim is one of the most distinguished brokers in the Edmonds community. Jim offers over a decade of residential real estate experience and with over three decades in marketing, management and entrepreneurship. +1 425.530.2700 I EDMONDSREALESTATE.COM I JIM.WOLD@SOTHEBYSREALTY.COM
EDMONDS, WA | MANAGING BROKER Bob has over 25 years of experience in residential real estate and related industries. His experience and professionalism has earned a stellar reputation amongst his clientele and real estate professionals. Bob offers a comprehensive understanding of real estate process and his tenure in the mortgage business provide a unique understanding of all aspects of a transaction giving his clients confidence and successful results. From concept to closing, he truly understands the “big picture” in selling homes. He also serves as a Board Member of Snohomish County Camano Association of Realtors. + 1 206 550 0790 I EDMONDSREALESTATE.COM I BOB.WOLD@SOTHEBYSREALTY.COM
STELLAR REPUTATION NO COMPARISON
Madrona is a private three home custom designed gated community on the border of Edmonds and Woodway. $1,050,000 | EDMONDS, WA
This custom designed floor plan features a spacious kitchen, built in cabinets, sunken living room, formal dining and wet bar, and grand master bath. $660,000 | EDMONDS, WA
Dramatic contemporary home sited on 2.5 secluded acres near the top of Chuckanut Mountain. Simply stunning views of Bellingham Bay, Sound, mountains, and the city. $1,800,000 | BELLINGHAM, WA
ML S#468510 PENDING
CHERRY HILL (featured left) Expansive and captivating views from every room and every level of this special home. Updated throughout boasting slab granite, hardwood flooring, knotty alder kitchen cabinets, a full length deck on the main floor, grand sized master suite with deck much more. $880,000 | EDMONDS, WA ML S#449451
THE EASTSIDE COMES ALIVE The Eastside is becoming a favorite destination for relocating families.
Who would have guessed that opening the Lake Washington Floating Bridge in 1940 would take this eastside bedroom community of Seattle and create such a dynamic, prosperous and affluent collection of zip codes? No longer a suburb of Seattle the Eastside cities of Bellevue, Kirkland, Mercer Island, Medina, Redmond Sammamish and Issaquah are thriving “boombergs” and each offer their own urban centers and unique neighborhood communities. Thanks to robust job growth the Eastside is a melting pot of international cultures and host to top-ranked public schools in the US making it a favorite destination for relocating families.
With all the amenities one would expect from a world-class city coupled with the bounty of parks, fresh water lakes and immediate access to the Cascades the Eastside offers a compelling combination of the vibrant and serene. According to broker Melanie McCarthy, “It’s living in a sophisticated BY ANDREA SAVAGE urban environment that’s surrounded by so many natural wonder offers the best of all worlds.” 54 I REALOGICSSOTHEBYSREALTY.COM
YOUR GLOBAL REAL ESTATE COMPANY IS NOW TWICE AS LOCAL COMING SUMMER 2013
NEW EASTSIDE BRANCH LOCATIONS WASHINGTON
2nd Fastest Growing Private Company Awarded by Puget Sound Business Journal October 2012
For career opportunities call Chad Zinda at 206.448.5752 or email Chad.Zinda@SothebysRealty.com
Discover the difference RealogicsSothebysRealty.com
SEATTLE, WA | LUXURY ECO-BROKER A passion for people and a commitment to professionalism has earned Sean a high level of respect from clients and peers – he is known for his high standards and signature socks. His drive for providing top-notch customer service is right in step with his dedicated work ethic, which he learned as a golf professional.
+ 1 206 909 0622I URBANSEAN.COM SEAN.NIELSEN@SOTHEBYSREALTY.COM
SEAN NIELSEN URBAN. SUBURBAN. EXCEPTIONAL SERVICE.
Sean established a reputation for unparalleled customer service and dedication while working as a golf instructor at some of the Northwest’s premier country clubs. And as one of the only eco-luxury brokers in the Northwest, Sean is passionate about creating a positive, sustainable and ultimately successful result for our global environment, one client at a time. THE KLEE PENTHOUSE $1,595,000 | SEATTLE, WA
TEE IT UP WITH SEAN
RESERVE AT NEWCASTLE $1,160,000 | SEATTLE, WA ML S#47 7599
SEATTLE, WA | MANAGING BROKER Melanie’s experience, passion for service and integrity have built her a stellar reputation among clients and real estate professionals. She has partnered on more than $30 million in sales in sought-after communities in Washington and Oregon; which is a testament to her commitment and promotional abilities even in today’s challenging real estate market.
EXPERIENCE. PASSION. INTEGRITY.
+ 1 425 802 4342 I MELANIEMCCARTHY.COM MELANIE.MCCARTHY@SOTHEBYSREALTY.COM
NEWCASTLE GOLF COURSE
R ALPH ANDERSON WATERFRONT RESIDENCE
$1,250,000 | NEWCASTLE, WA
$1,895,000 | MERCER ISLAND, WA REALOGICSSOTHEBYSREALTY.COM I 57
FIRST IMPRESSIONS ARE EVERYTHING Did you know that most people make a decision on whether or not to purchase a house in the first twenty minutes? That means your first impression had better be a good one. It’s easy enough: start with making your front door crisp and clean. Repaint or stain and polish, replace scratched kick plates and worn hardwear. Clean the threshhold with Murphy’s Oil so it shines. And clean any glass in the entryway to let in as much light as possible. It’ll make your home feel fresh and inviting!
MAJA BUTLER + 1 425 761 27 72 BELLEVUELUXURYPROPERTIES.COM MAJA .BUTLER@SOTHEBYSREALTY.COM
SEATTLE, WA | BROKER Maja Butler is a dedicated residential broker specializing in uniting extraordinary homes with extraordinary people. Her strength lies in the long-term relationships she has created with key members of the industry over the years – she understands how her clients want to live and takes all the time required to fully understand the requirements of each individually. Maja is passionate about her business, and brings her high ethics, expertise, creativity and innovative ideas into each and every transaction.
As a realtor and builder, the best advice I tell my clients is to get a pre-home inspection, and to take care of any items that come up on the inspection before you put the home on the market. That way, there is no room for renegotiations, if and when the buyer has your home inspected by their own home inspector.
Just a Trim: Cutting your grass differently each week can give a whole new look and feel to your yard! Try cutting it a different direction each week, or even do a checkerboard pattern if you have a bigger yard.
NORTHWEST CR AFTSMAN
$698,000 | KENNYDALE, WA MLS#481551
$1,295,000 | ISSAQUAH, WA
Gorgeous Craftsman with majestic family room. Live effortlessly with all updated features including granite and stainless steel in the kitchen. Beautiful Brazilian hardwood floors and crisp white millwork throughout this gracious home located on a private road.
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Complete privacy is yours in this 5 acre Northwest Custom Craftsman retreat at the base of Tiger Mountain. Completely self-contained with every imaginable feature to spoil you. MLS#486168
uzanne ingleton REPRESENTING DISTINCTIVE HOMES ON THE EASTSIDE BELLEVUE, WA | MANAGING BROKER, CRS, GRI, CDPE
Suzanne prides herself on offering clients incomparable service, exceptional professional expertise and real estate experience that exceeds their expectations – every time. She loves the fine art of real estate. Suzanne has earned an impeccable reputation with a loyal following. Her commitment to excellence, attention to detail, outstanding marketing campaigns, strong negotiations skills and above all else - putting her clients’ satisfaction first have earned her the trust of her clientele. SUZANNE SINGLETON + 1 425 761 7007 SUZANNE.SINGLETON@SOTHEBYSREALTY.COM SUZANNESINGLETON.COM
REALOGICSSOTHEBYSREALTY.COM I 59
MY CONCIERGE STYLE OF SERVICE INCLUDES STAGING, RE-IMAGING AND RENOVATION - AN ADVANTAGE IN TODAY’S MARKETPLACE.
LIBBY BUCKLEY BELLEVUE, WA | BROKER
Libby specializes in presenting properties that are well positioned and expertly marketed to attract the highest value for her listings. She accomplishes this on every account by offering an in-house staging consultation and design services to her clients. This one-stop solution saves her clients time and money while optimizing the property for the best possible impression. LIBBY BUCKLEY + 1 206 769 2046 BELLEVUELUXURYPROPERTIES.COM LIBBY.BUCKLEY@SOTHEBYSREALTY.COM
$698,000 | RENTON, WA ML S#481551
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MAKE IT FRESH!
Make your front (and back) yard feel inviting with just a few simple steps: spread fresh mulch, trim up your trees, remove weeds and moss and plant fresh flowers for a fresh, crisp first impression.
YOU DON’T HAVE TO MOVE ALONE! Moving can be stressful; but don’t worry! Libby Buckley will be there to walk you through every step of the moving process!
FLUFF IT UP
To create an inviting seating area, don’t skimp on the pillows! Have fun with it and don’t be afraid of color: mix and match and experiment with colors and sizes to get the perfect look and feel for your living space.
COZY AS A BUG IN A RUG Add rugs under kitchen or dining room tables for a comfortable look and feel that will warm up the room as well as cold toes.
SOLD HA’ IKU ESTATE
FABEN POINT ESTATE
$9,900,000 | MAUI, HI
$6,600,000 | MERCER ISLAND, WA
This beautiful, 39 acre plantation estate is situated at the 425’ elevation on the northeast flank of Haleakala, Maui’s famous “House of the Sun” volcano. The renowned wind surfing capital of the world, Ho’okipa, is just minutes away.
Stately splendor at Faben Point with 87 feet of waterfront. A gated luxurious residence that’s grand on every scale. Private beach and almost half acre – arguably, one of the best positions on the lake.
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SUMMERTIME THE ISLAND WAY
Just a 30-minute ferry ride from the hustle and bustle of downtown Seattle is a magical island escape. This hamlet, Bainbridge Island, is the kind of place where people come for a day and stay for a lifetime, drawn in by the relaxing commute across the sound, the charming small-town feel of the island, and the thriving arts community that gives the area its unique flavor.
Only a thirty minute ferry ride to a magical island escape.
According to Founding Director/Managing Broker Dennis Paige, “The popularity of Bainbridge Island is reflected in the strength of the local housing market. With so few homes on the market, well-priced ones have seen multiple offers within a week of listing.”
So does living on an island mean compromises? “Not at all,” says Paige. In fact the affluence of the BY CASSANDRA OVERBY City of Bainbridge Island is recognized for having one of the best school systems in America and PHOTO BY AARON LEITZ PHOTOGRAPHY supports a fine dining scene that would make a city ten times the size envious.
LOCAL EXPERT. GLOBAL REACH. 100% CLIENT COMMITMENT.
BAINBRIDGE ISLAND, WA | MANAGING BROKER, APR Sonja Jones is a Founding Member and Managing Broker at Realogics Sotheby’s International Realty on Bainbridge Island. Sonja attributes high client satisfaction to over eighteen years of experience in residential real estate. A local resident of Bainbridge Island, Sonja has a passion for finding the perfect island property to enhance each buyer’s lifestyle dreams. Whether a waterfront mansion with Puget Sound views or a private estate perfect for equestrian living, Sonja has the island expertise to match your lifestyle needs to the right home. Sonja is deeply committed to her clientele and is dedicated to delivering results for buyers and sellers of distinctive properties throughout the Puget Sound. + 206 769 0669 I SONJAJONES.COM
PORT MADISON CHARMER Welcome to the beach! This Port Madison charmer was extensively remodeled in 2006. Come fall in love with this quintessential Bainbridge Beach House! $825,000 | BAINBRIDGE ISLAND, WA ML S#465992
MEDITERR ANEAN INSPIR ATION
SUNNY SOUTH BEACH
Inspired by the Mediterranean, this colorful contemporary Perfect Nantucket style waterfront home with warm features a classic Northwest setting, stunning gardens, 2.5 welcome entry, expansive covered decks and views from the acres of privacy and 151’ of waterfront. Cascades to the Olympics with Mt. Rainier front and center! $1,395,000 | BAINBRIDGE ISLAND, WA $1,598,000 | BAINBRIDGE ISLAND, WA ML S#482849
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AN INSPIRED CONTEMPORARY Inspired by the Mediterranean, this colorful contemporary by noted architect Stuart Silk features dramatic light-filled interiors, 151’ of waterfront, and incredible views Olympic Mountains. With a custom 2000-bottle wine cellar, 2.5 acres of privacy, and private tram to the beach.
BUCKLIN HILL RETREAT Overlooking Eagle Harbor, with views of Seattle and the Cascades in the distance, this secluded 1.15 acre property is a world of its own, loaded with rustic charm and conveniently located just 5 minutes from town and the ferry.
$1,395,000 | BAINBRIDGE ISLAND, WA
$968,000 | BAINBRIDGE ISLAND, WA
SOLD ` LANE WATERFRONT Overlooking spectacular views of Puget Sound from Mt Baker to Mt Rainier, this is classic Northwest style at its best! Shingled with stone & copper detailing, custom wood windows, a chef’s kitchen beyond compare, and nearly 4,000 sq ft of open, light-filled interiors. $1,165,000 | BAINBRIDGE ISLAND, WA
SOLD COUNTRY CLUB ROAD Nestled on Country Club Road with nearly 100’ of medium bank waterfront, this is an island retreat for everyday living! Overlooking views of Blakely Harbor and across Puget Sound to downtown Seattle, the interiors are stunning & spacious, with a den, library and separate bonus suite. $1,375,000 | BAINBRIDGE ISLAND, WA 64 I REALOGICSSOTHEBYSREALTY.COM
NORTHWEST STYLE Stunning Northwest style, architecturally designed and custom built to take advantage of all day sun & spectacular views of Mt. Rainier & Puget Sound. Sheltered in a fenced oasis of lush gardens & patios with over 100’ of low bank waterfront and spacious light-filled interiors. $1,895,000 | BAINBRIDGE ISLAND, WA
SOLD ROCKAWAY BEACH One of the last of the original cottages on coveted Rockaway Beach and truly one of the best settings on Bainbridge! A spectacular site with 2 tax parcels and 200’ of no-bank waterfront. Enjoy breathtaking views of ferries, downtown Seattle and Mt Rainier along with the rare luxury of privacy. $1,658,000 | BAINBRIDGE ISLAND, WA
I’VE NEVER BEEN MORE EXCITED ABOUT THE DIRECTION OF MY BUSINESS AND THE LEVEL OF SERVICE THAT I CAN PROVIDE TO MY VALUED CLIENTS.
REPRESENTING THE BEST OF BAINBRIDGE ISLAND
BAINBRIDGE ISLAND, WA | MANAGING BROKER A Founding Director of the Bainbridge Island office, Dennis is long respected by both clients and colleagues for his professionalism, discretion and ability to accurately read the market. One of the most successful brokers in the Bainbridge Island luxury market, Dennis offers over 23 years of experience and has established a well-earned reputation for marketing and selling some of the Island’s most unique and extraordinary residences. Going the extra mile to provide exceptional client service is what he does best; making the business of selling or buying a home as straight forward, stress-free and rewarding as possible. + 1 206 920 3824 I DENNISPAIGE.COM DENNIS.PAIGE@SOTHEBYSREALTY.COM
THE LIFE OF BAINBRIDGE ISLAND
A COMMITMENT TO CLIENTS DELIVERING EXCELLENCE
BAINBRIDGE ISLAND, WA | BROKER Gigi specializes in representing exceptional properties throughout Bainbridge Island and Kitsap County. While representing a diverse clientele, she is dedicated to offering the highest level of customer service. Attention to details, keen understanding of clients’ needs and negotiating skills are crucial to creating successful real estate transactions in today’s dynamic marketplace. Gigi’s vast professional experience, positive attitude and education have led to successful outcomes for her clients throughout her estate career. She is deeply committed to the local community and giving back is at the forefront of her priorities. + 1 206 427 6492 I GIGI.NORWINE@SOTHEBYSREALTY.COM
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+ 1 206 391 1718 I LIVINGONBAINBRIDGEISLAND.COM | KRISTI.NELSON@SOTHEBYSREALTY.COM
“SHE IS DILIGENT, EXTREMELY HARD WORKING, TOTALLY TRUSTWORTHY AND BRILLIANTLY KNOWLEDGEABLE ABOUT THE ISLAND AND ITS PROPERTIES. THERE IS NO ONE I WOULD RATHER WORK WITH” -MARTHA
BAINBRIDGE ISLAND, WA | BROKER, APR Kristi Nelson, a Founding Member of Realogics Sotheby’s International Realty, was recognized by the Kitsap Business Journal as one of the “40 Under 40 Outstanding Businesspersons”, and was recently voted by The Bainbridge Review readers as one of the “Best of Bainbridge” Real Estate Agents. Kristi is a dedicated residential Realtor specializing on Bainbridge Island, with an additional focus on vacation/retirement homes along Puget Sound. Throughout her nineteen years of experience, Kristi’s career has been led by a commitment to excellence in customer service and marketing. This, coupled with her experience as a builder, savvy real estate investor and business owner, offers a tremendous benefit to both buyers and sellers through her unique perspective on the real estate transaction. A Bainbridge Island resident and mother of two school age children, Kristi fully appreciates the extraordinary lifestyle that Island living affords. Let her go to work for you!
SOLD OLYMPIC PENINSULA WATERFRONT One of the most distinctive properties in Brinnon and Dabob Bay, overlooking the entrance to Pleasant Harbor featuring 107 feet of beautiful waterfront and tidelands. $685,000 | BRINNON, WA ML S#408007
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A resort lifestyle awaits in this meticulously maintained waterfront home in Port Ludlow’s South Bay Estates just forty-five minutes from Bainbridge Island. $1,095,000 | PORT LUDLOW, WA
Exceptional construction of a shingle-style home on 8.5 acres. Enjoy views of Mount Rainier and the Northern Cascades, through soaring Palladian windows overlooking the Sound. $1,399,000 | POULSBO, WA
KRISTI WENT ABOVE AND BEYOND TO HELP US IN PURCHASING OUR HOME AND REMAINS A TRUSTED ADVISOR TO US TODAY. – STEPHEN & KAREN
Vintage Home and Garden offers a unique shopping experience that satisfies one’s joy of discovery and helps create that essential character that vintage elements bring to a home.
4688 LYNWOOD CENTER ROAD, #119 BAINBRIDGE ISLAND, WA 98110 + 1 206 780 1778 FACEBOOK.COM/VINTAGEHOMEANDGARDEN VINTAGEHOMEANDGARDEN.COM
Fine wood furniture and sculpture, wood fired ceramics, paintings and textiles for the home. We show cutting edge NW and international artists, and pride ourselves in meeting the special needs of our clients. 400 WINSLOW WAY EAST, #120 BAINBRIDGE ISLAND, WA 98110 + 1 206 780 9500 THEISL ANDGALLERY.NET
WELCOME HOME TO BAINBRIDGE ISLAND •
Ranked 2nd best place to live in U.S. (CNN / Money)
Nationally top ranked public schools
Idyllic community with endearing family values
Home to top authors, musicians and entrepreneurs
Quintessential Northwest beauty
Envied waterfront homes with private beach access
Gateway to Olympic Peninsula and Hood Canal
Island ambiance with its cofounders Murat and Lisa Tasdemir have been providing floor art and luxury interiors since 1996, with other services; including rug repair, cleaning, appraisals, and in home design. 154 WINSLOW WAY EAST BAINBRIDGE ISLAND, WA 98110 +1 206 855 8025 TASDEMIRRUGS@HOTMAIL .COM
BILL POINT Panoramic and awe inspiring views of Puget Sound, Cascade Mountain Range, Mount Baker and the Emerald City are all found here at this true gem in Bill Point! Almost every space in the home is oriented to take in the breathtaking views. $810,000 | BAINBRIDGE ISLAND, WA
SANDY BEACH ESTATE Waterfront home with stunning panoramic views. Recently renovated, 2 bedroom 1.75 bath single story home has a gorgeous chefs kitchen. Sturdy stairs from the waterfront deck leads to a private sandy beach. $545,000 | HANSVILLE, WA
This historic treasure of Bainbridge Island offers low bank waterfront with expansive and awe-inspiring views of Puget Sound and the Olympic Mountains all graced in beautiful Georgian charm. Exceptional location, accompanied with its astonishing history. $1,949,000 | BAINBRIDGE ISLAND, WA ML S#414226
170 foot dock on Oyster Bay. Moor your boat year around. Jet and water ski. Elegantly remodeled home has magnificent slate terrace enhanced with spa, and 2 fire pits. Main floor master has fireplace, travertine and glass shower and jet tub. $775,000 | BREMERTON, WA ML S#418392
PENDING CATAMOUNT This exceptional custom home is situated on 7 private acres with an Olympic Mountain View that words can simply not describe! High end finishes and professional design grace the interior of the home. $725,000 | POULSBO, WA ML S#459891
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MURDEN COVE Cape Cod Charmer with 168â€™ deeded shared waterfront, the home feels as comfortable as a favorite getaway and lives large offering plenty of gorgeous views of the water and downtown Seattle. $1,178,000 | BAINBRIDGE ISLAND, WA ML S#357116 Laurie Teddy + 1 206 794 1000
MARK MIDDLETON LOCAL EXPERT. GLOBAL REACH.
BAINBRIDGE ISLAND, WA MANAGING BROKER Mark has a passion for island life. As a Northwest native with nearly thirty years of living in Bainbridge Island and Kitsap County, Mark has exceptional knowledge of the Island and surrounding areas. Mark prides himself on his in-depth local market knowledge and brings a wealth of real estate experience when negotiating every transaction in a dynamic marketplace. He is consistently ranked amongst the top performing brokers in Bainbridge Island and in Kitsap County. His expertise in the local market combined with his appointment to an award-winning national and international firm offers unparalleled access for his buyers and sellers; both locally and globally. His commitment to customer service, attention to detail and client care are exceptional qualities that he possesses creating trusted and long-standing relationships with his clientele.
Register for the Waterfront Report at
Mark has partnered with Brenda Prowse, one of the most respected and productive Brokers in Kitsap County history. Together they offer sellers and buyers the very best service, knowledge, expertise and marketing in the industry today.
+ 1 360 710 3066 I REALOGICSSOTHEBYSREALTY.COM I BPROWSE.COM
BAINBRIDGE ISLAND, WA MANAGING BROKER
Prior to joining RSIR, Brenda headed the highly successful Kitsap brokerage Prowse and Company, selling nearly 800 homes between 1998-2012. She has been a full-time real estate broker in Poulsbo since 1979 and receive the Best Realtor award from 2008 through 2012 in the North Kitsap Herald’s annual “Best of North Kitsap” reader’s survey.
DID YOU KNOW?
Working with Mark Middleton includes a complimentary staging consultation from Interior Designer Suzy Legier.
+ 1 360 779 2888
ISLAND EXPERT. TRUSTED SERVICE.
BAINBRIDGE ISLAND, WA | BROKER
“Passion” defines Laurie’s approach to her real estate career. As a resident of Bainbridge Island for fifteen years, Laurie has lived, worked and enjoyed every corner of the Island and she has a deep understanding for the uniqueness the island has to offer. Laurie works alongside a top producing broker, Mark Middleton, serving the Kitsap Penninsula. + 1 206 794 1000 I LAURIE.TEDDY@SOTHEBYSREALTY.COM REALOGICSSOTHEBYSREALTY.COM
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KITSAP THE BEAUTY OF SUMMER The peninsula has a unique flair that draws in visitors and residents alike.
BY CASSANDRA OVERBY
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The Kitsap Peninsula is more country than city, but you would never know it by the variety of international cultures that color the land. From museums showcasing the history of the local Native Americans, to Scandinavian towns, to memorials honoring local Japanese Americans, the peninsula has a unique flair that draws in visitors and residents alike. But that’s not the only thing making it a great place to live. According to Irene Wurden, the second generation of a multi-generational Wurden family legacy and one of the top producing brokerage groups in all of Kitsap County, “We offer exceptional waterfront properties and acreage at a fantastic value.” This, coupled with the area’s great fusion of culture, makes it extremely attractive to the international second home buyer.” Realogics Sotheby’s International Realty has been instrumental in driving growth within the Kitsap market is among the fastest growing firms in Kitsap County.
UNPARALLELED REPRESENTATION, EXPERIENCE, & GLOBAL PERSPECTIVES
KITSAP, WA | MANAGING BROKER, CIPS, GRI Irene is the Principal and Founder of The Wurden Team and, along with dedicated brokers Chris Wurden and Meg Burkett, their combined knowledge is second to none. Irene’s breadth of experience, strong negotiation skills and top producing results have earned her much respect in the Northwest. A local expert with a passion for people, Irene offers the global perspective necessary to confidently navigate today’s diverse marketplace. She specializes in waterfront and view properties on the Kitsap Peninsula. +1 360 731 8844 I THEWURDENTEAM.COM I IRENE.WURDEN@SOTHEBYSREALTY.COM
LANGUAGES: Bulgarian, English, French, Russian
GR AND MEDITERR ANEAN VILLA Relax in a Mediterranean style villa surrounded by dramatic architecture, soaring ceilings, clerestory windows, stunning arches, gorgeous marble, sandstone and superb design. Surrounded by natural beauty strategically situated on 6.05 acres with 409’ of high bank waterfront and accessible beach. Spoil yourself with spectacular views of the Totten Inlet and Mt.Rainier. $975,000 | SHELTON, WA ML S#450850 | 409’ WATERFRONT
$2,500,000 | SILVERDALE, WA ML S #468879 | 300’ WATERFRONT OCEANRIDGEWATERFRONT.COM
GOLF | Situated in the middle of prime golfing territory, choose from seven courses nearby. Ocean Ridge featured in editorial to the left
NORTHWEST LIFESTYLE | Indulge in delicacies of the Sound and spellbinding western views framed by water and sky.
INTEGRITY, LOCAL KNOWLEDGE, AND PROFESSIONALISM.
KITSAP, WA | MANAGING BROKER Meg is an award winning broker with years of experience all over the island and the Kitsap Peninsula. Her clients appreciate her genuine caring approach to their investments and her guidance throughout the entire buying and selling process. Integrity, local knowledge, and professionalism are the secrets to her success. Waterfront or equestrian properties are her prime areas of expertise. Meg’s engagement in worldwide, hands on aid and business training is the motivation behind her excellent service. Meg brings with her the perspective of growing up on the bay in Newport Beach, California and extensive studies and travel around the globe. She excels at helping clients relocate to the beautiful Pacific Northwest, where she has lived and raised a family for over 25 years. + 1 360 271 7426 I THEWURDENTEAM.COM I MEG.BURKETT@SOTHEBYSREALTY.COM
ORCAS ISLAND RETREAT Historic Orcas Island home with guest house perched above the quaint hamlet of Olga. Spectacular views of Puget Sound, Lopez Island and Buck Bay. $500,000 | ORCAS ISLAND, WA MLS#457992
EXCEPTIONAL EQUESTRIAN ESTATE Magnificent home on over 15 lush acres complete with classic barn and arena. The best of both worlds. $1,399,000 | POULSBO, WA MLS#387827
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BUILT ON A LEGACY OF OUTSTANDING SERVICE
KITSAP, WA | BROKER Born and raised in the Northwest and a University of Washington graduate, Chris upholds his family legacy in real estate as the third generation member. Chris uses fresh and timeless marketing methods to drive the attention of the market and generate results for his clients. An experienced negotiator, he delivers a diverse skill set and innovative creative angles to the team. + 1 360 731 8821 I THEWURDENTEAM.COM I CHRIS.WURDEN@SOTHEBYSREALTY.COM
MCCORMICK WOODS Local Pioneer Builders Inc.- delivering unparalleled craftsman construction since 1977 - presents the “Signature Series,” their final building cycle in McCormick Woods. Partake in this amazing opportunity to design and build the custom home of your dreams. $500,000 & UP | PORT ORCHARD, WA ML S#474656
Chris Wurden +1 360 731 8821 Meg Burkett + 1360 271 7426 TheWurdenTeam.com/PioneerBuilders
CONTEMPORARY NORTHWEST RETREAT Ludlow Point Waterfront: A lifestyle classic with warmth, drama, and elegance designed to last the ages. Waterfront like this rarely becomes available. Inviting great room concept and a wall of windows creates a serene atmosphere filled with light. Enjoy the best of the Northwest. $800,000 | PORT LUDLOW, WA ML S#467923 | 140’ WATERFRONT
Chris Wurden +1 360 731 8821 TheWurdenTeam.com
$950,000 | KINGSTON, WA
$450,000 | ALLYN, WA
ML S#467383 | 134’ WATERFRONT
ML S#462172 | 68’ L AKEFRONT
HOOD CANAL $899,900 | SEABECK, WA ML S#447603 | 98’ WATERFRONT
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SOUND BIG CITY AND SMALL TOWN The South Sound is today’s best market to invest in.
BY CASSANDRA OVERBY
The secret is out. According to Broker Jamie Michaud, “The South Sound is today’s best market to invest in. The area continues to offer strong value with quintessential architecture, affordable waterfront properties, and one of the best locations in the Pacific Northwest. The region is also very strong economically, which is why many large companies have chosen the South Sound as their headquarters.” But life in this enchanting region is not all work and no play. Instead, residents have access to an endless variety of museums, top-notch restaurants, and tight-knit, eclectic neighborhoods that provide the benefits of urban living without the traffic and hassles. Welcome to the South Sound.
SELLING DISTINCTIVE HOMES AROUND THE SOUND
SOUTH SOUND, WA | BROKER Jamie Michaud has been in the real estate industry since 2006. Her background includes residential real estate, development and land acquisition, condominium development and sales, and high-end real estate marketing and sales. Jamie understands that success is a combination of hard work, drive, determination, and creativity to make things happen. She has transferred those qualities into her real estate career and has been acknowledged with numerous Northwest Multiple Listing awards and is a five-time Presidents award-winner. Jamie is the preferred South Sound broker for buying and selling luxury homes. + 1 253 686 0806 | SOUTHSOUNDSELLERS.COM | JAMIE.MICHAUD@SOTHEBYSREALTY.COM
PENDING SPANAWAY R ANCH
TACOMA COUNTRY & GOLF CLUB
FORD DRIVE WATERFRONT
Sprawling equestrian estate with breathtaking views of Mount Rainier. Custom built, this property was created with functionality in mind. Over 4,700 square feet. $1,700,000 | SPANAWAY, WA
This fully renovated home offers the privacy of your own suite, along with the amenities of a fine golf club atmosphere. A rare find in this highly sought after neighborhood. $825,000 | LAKEWOOD, WA
Spectacular private southeastern exposure low bank waterfront home. If your looking for privacy, tranquility, and life at its best, you will find it here. $1,450,000 | GIG HARBOR, WA
JOHNSON POINT BEACH HOUSE
AS SEEN ON HGTV - Undoubtedly the most prestigious South Sound Waterfront location Johnson’s Point. Upon entry you will marvel at the grand vaulted ceilings, beaming hardwood floors, and custom finish work throughout. $5,788,800 | OLYMPIA, WA ML S#381796
SALES B ROKER
MARKETING S T R AT E G Y
Our team represents the region’s most accomplished residential and mixed-used communities. With thousands units sold and over $1 billion in sales experience, we provide the market’s only fully integrated solution, with proven techniques to engineer sales in any market condition. REALOGICS.COM
MARKET RESEARCH C R E AT I V E D E S I G N
PRO D U C T DEVELOPMENT
Honored by more than 125 regional and national awards.
HARVARD & HIGHL AND
Once in a city – exclusive flats in the Harvard-Belmont landmark district.
Over a century in the making - sold out in six months.
Project: Scope: Value:
38 Luxury Condominiums Repositioning & Sellout Campaign $30 million SOLD OUT 2012
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Project: Scope: Value:
12 Town Homes | Adaptive Reuse of a Church Repositioning & Sellout Campaign $10 million SOLD OUT 2012
Celebrating more than a decade as the Northwest’s premier project marketing team.
THE RESIDENCES AT FAIRVIEW
Never before never again on Lake Union — it’s quintessentially Seattle. Project: Scope: Value:
21 Attached Residences/Marina Master Plan Design, Marketing & Presales Campaign $30 million
An encore success story adjacent the Pike Place Market – register today. Project: Scope: Value:
166 Luxury Condominiums / Boutique Hotel Design, Marketing & Presales Campaign $200 million
NOW PRESELLING 2013
FIFTEEN TWENTY-ONE SECOND AVENUE
The West Coast’s most successful high-rise condominium. Project: Scope: Value:
2VS (2ND & VIRGINIA – PHASE ONE)
143 “Penthouse-Style” Condominiums Design, Marketing, Presales & Sellout $250 million $1,625,000 - Seattle | MELISSA CAMP 99% SOLD 2013
Downtown Seattle’s first LEED “Silver” hotel and condominiums. Project: Scope: Value:
229 Luxury Condominiums / Hyatt Hotel Repositioning & Sellout Campaign $140 million 99% SOLD 2013
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A WORLD AWAY More than a place to live, it’s also a place to live out loud.
BY CASSANDRA OVERBY
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For residents of Camano Island, Bellingham, and even Southeast Alaska, home is more than a place to live. It’s also a place to live out loud, enjoying the very best of nature’s beauty and some of the West Coast’s most incredible outdoor recreation opportunities in their own backyard. According to Broker Alex Thomas, “Camano Island is truly the perfect weekend getaway or year around escape. Where else do you have the ability to immerse yourself completely in the raw beauty of the wild while being a hop, skip, and a jump from major urban centers? It’s incredible.” Outsiders may call it a dream, but residents call it their reality. For those ready to really jump into nature – hop on an Alaska Airlines flight to Sitka or Juneau, AK and then a seaplane “taxi” to one of the private islands. Within three hours you’re living inside a National Geographic magazine!
LUXURY ESTATES AND PROPERTIES FOR THE MOST DISCERNING LIFESTYLES
CAMANO ISLAND, WA | BROKER Over two decades of sales experience, Alex has built a stellar reputation amongst her clients and real estate professionals for creating positive results. Alex offers a concierge style of service; a skill she learned through her years at Thompson Reuters (a Fortune 500 company selling to top executives in the legal community) and with Nordstrom where she was consecutively a “Top Producer”. She uniquely understands the home building industry and is dedicated to working with buyers and sellers to assist them in navigating a dynamic real estate landscape. She is committed to offering her clients a smooth transaction whether it is an exceptional waterfront home, an urban condo or an island retreat. Alex specializes in the Bellingham, Camano Island and Mukilteo areas. + 1 425 422 8942 I ALEXTHOMASWAHOMES.COM I ALEX.THOMAS@SOTHEBYSREALTY.COM
CAMANO ISLAND WATERFRONT Perched above the water’s edge this impeccably built gated estate offers 11 acres of waterfront living, with breath taking views of Skagit Bay with Mount Baker as its backdrop. Unwind with 4 fireplaces, 2 master suites, an admirable 2-story library, separate studio, and stunning gardens under spectacular sunrises and sunsets. Private airfield nearby, 60 min to Seattle, and easy access to and Vancouver, B.C. $2,100,000 | CAMANO ISLAND, WA ML S#451288
SALTERY POINT Situated on 62 acres, tucked into Naha Bay, Saltery Point is blessed with an unsurpassed location that boasts 2,000 feet of waterfront property, forests, salmon streams and a waterfall. The 6,005 square foot, six bedrooms, six bath home is built to the highest standards. Five additional buildings offer crew or guest quarters, storage and more. Located 25 miles from Ketchikan via boat or float plane with a 70 foot dock that will accommodate either. < < Home featured to the left $3,200,000 I NAHA BAY, AK MLS#12286
FOUND IN THE LAST FRONTIER
Southeastern Alaska is synonymous with natural splendor and is a playground for the restless adventurer. It’s also home to one of the world’s most extraordinary residential accomplishments – Hidden Bay Retreat. A sanctuary so remarkable hummingbirds migrate a thousand miles each year to join a few other global citizens who are fortunate enough to Discover a super-prime trophy property hidden summer in paradise.
in Hood Bay on Admiralty Island in Southeast The Bauhaus-style residence is built of solid Western Red Cedar timber and comprises Alaska – a personal refuge designed with unparalleled specifications and surrounded by 2,383 square feet of interior and more than 2,200 square feet of exterior living space sited on a U.S. National Monument. 2.63 acres of land with 385 feet of waterfront. Self-sustainable for up to six months at a time, by Andrea Savage © Photography By Michael Walmsley HIDDENBAYALASKA.COM
the property even boasts its own commercial fueling station for boat diesel and aviation fuel. Clearly no expense was spared in design, specification or utility despite being located within this remote corner of the world. View Project Video & Register for Sales Information at HiddenBayRetreat.com.
ADMIRALTY ISLAND HIDDEN BAY SITKA
BRITISH COLUMBIA, CANADA ALASKA U.S.A.
TO SEATTLE, WA
TO VANCOUVER B.C.
“This trophy property calls those who seek recreation off the grid without sacrificing comfort or convenience,” said Dean Jones, Principal of Realogics Sotheby’s International Realty. “The matchless construction quality is eclipsed only by the native environment. The opportunities for discovery are endless.”
no zoning and no property taxes, but a world of This residential portfolio takes after a luxury services, including emergency airlift dispatch destination resort – after all it could be. The from Sitka is just 45 minutes away. property is being offered as the single lot and residence or as part of a larger assemblage of land An oceanic climate means average temperatures for future development. A private enclave in the stay above freezing during winter and summer days last frontier, all together there are eight lots with are long and comfortable. A rain shadow provides 45.75 acres and 2,975 feet of waterfront – that’s the unique microclimate – more sun and far less nearly a kilometer of pristine shoreline. Jones likens the experience at Hidden Bay precipitation Retreat to living inside a National Geographic – about half magazine every day. that of Juneau IT’S LIKE OWNING YOUR OWN STATE and a third less IN THE STATE OF ALASKA. “At your doorstep is world-class fishing and than Sitka. crabbing, whale watching, hiking, hunting and viewing of wildlife of all kinds – that’s the promise “There are really two Alaska’s – a vast frozen state up “I said to the current owner, it’s really not what of this land,” he said. north and the much smaller southeastern panhandle, you desire, which makes you extraordinary in life,
which runs along the coastline of British Columbia,” but what you accomplish,” adds Jones. “Hidden Access is limited to private vessels or chartered said Jones. “The voyage along the inside passage is Bay Retreat is certainly an accomplishment. It’s a aircraft, which in Alaska operates much like taxi considered among the most beautiful waterways in paradise found in the last frontier.” cabs. The fee-simple property has no utilities, the world – that journey transcended only by arrival.”
SUNSHINE D E S T I N AT I O N S
WITH A MARKET REBOUND AND DISCRETIONAL HOME SALES ON THE RISE, VITAMIN-D STARVED SEATTLEITES ARE GETTING THEIR FIX IN SUNNY DESTINATIONS.
One of the most popular destinations is Sun Valley in central Idaho. Since Ernest Hemingway brought this region to light in the 1930s the cities of Ketchum and neighboring Hailey have become a favorite all-season retreat for the affluent to ski, go hiking, ice skate, trail ride, play tennis, cycle or partake in a culturally rich social scene under clear skies. Sun Valley Sotheby’s International Realty
Looking for heat year round? The island state of Hawaii is a sure thing fusing idyllic weather and a multicultural experience – not to mention a savvy investment opportunity (last time we checked there weren’t any volcanic islands surfacing in the Pacific). Mary Worrall Associates Sotheby’s International Realty OAHUREALE.COM
$4,995,000 MLS# 1301787
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SUNVALLEYSIR.COM $7,500,000 MLS# 12-313346
SEA. SUN. SNOW. NATURE AT ITS BEST.
CELEBRATING ALLSEASON LIVING ON BOTH SIDES OF THE CASCADES
SEATTLE, WA | BROKER, SRES, CNE
As an experienced real estate professional, Dean has a passion for the unique. He proudly represents a wide range of distinctive properties from lakeside estates, boutique bed & breakfast hotels, expansive ranches, to in-city condos and single family homes. His wellearned client reputation expands beyond his backyard of Mercer Island, Bellevue and Newcastle to a strong base of clientele in Lake Chelan, Tri-Cities and as far reaching as Walla Walla. Dean takes great pride in that much of his business comes from past clients and their referrals. It’s a testament to his unwavering commitment to perform only the highest quality service in order to build lifelong relationships with his clients. And as a member of Sotheby’s International Realty, Dean has represented some of the most discriminating buyers and sellers in the Pacific Northwest.
RIVERFRONT RESIDENTIAL RETREAT Located in the heart of the Cascade Mountains, every room has an artfully planned view of the ever popular Wenatchee River. This custom designed home is filled with extraordinary touches. $1,450,000 | LEAVENWORTH , WA ML S#401108
This Old World Estate commands 277 feet of Lake Chelan select waterfront. A four bedroom classic Tudor style includes wrought iron gate rail balconies, hardwood floors, finished with authentic Italian stucco craftsmanship. $2,145,000 | CHELAN, WA ML S#42047 7
Dean’s genuine spirit, passion for the deal and professionalism make him to the go-to broker of all property types and price points. See how Dean can help you achieve your real estate dreams - and become a client for life as well. + 1 425 260 4618 REALOGICSSOTHEBYSREALTY.COM DEAN.CLAUSEN@SOTHEBYSREALTY.COM
Beautifully crafted contemporary 5,000 square foot home rests on 1 acre of lowbank Columbia Riverfront that truly brings the natural grandeur of the Northwest into your living spaces. $3,100,000 | CAMUS, WA
46 master planned river, valley and mountain view lots along 2,300 ft of low bank Methow Riverfront. An investment worth exploring! $9,000,000 | PATEROS, WA COMING SOON
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PAM GOETZ & PAM RHEINSCHILD
NURTURE YOURSELF IN NATURE. FIND YOUR PLACE IN THE SUN. SUN VALLEY, ID | BROKERS Now is your time to consider Sun Valley, Idaho. Long sunny days. Fabulous outdoor recreation; world class skiing, fishing, and golf. Sophisticated cultural events set in a mountain environment. Nurture yourself in our nature - why wait when our prices are some of the best of the western mountain resorts. Let our professional native Seattle team help you find your place in the sun. + 1 208 720 1897 I PAM.GOETZ@SOTHEBYSREALTY.COM + 1 208 720 5577 I PAM.RHEINSCHILD@SOTHEBYSREALTY.COM
CELEBRATE THE ART OF LIVING
EXACTLY WHERE YOU WANT TO BE
$9,500,000 | KETCHUM, ID
$3,900,000 | KETCHUM, ID
SUN VALLEY EXPERTISE. MOUNTAIN LIFESTYLE.
SUN VALLEY, ID | BROKER Mike has been involved in Sun Valley real estate for over 30 years, so his experience and vast knowledge of the market can help you make the best decisions when considering real estate in Sun Valley, Idaho. Mike’s website, (see below) can lead you not only to real estate, but also to Sun Valley activities, sports, recreation, and events. Mike can help you find your dream property, whether it be a mountain lodge style log home, a downtown luxury penthouse, a ski condominium or a golf course townhome. + 1 208 309 5300 I SUNVALLEYPROPERTY.COM I MIKE.SAMPSON@SOTHEBYSREALTY.COM
SUN VALLEY HIDEAWAY $2,475,000 | SUN VALLEY, ID MLS#13-313917 84 I REALOGICSSOTHEBYSREALTY.COM
SUNSHINE AND BALDY VIEW $2,495,000 | SUN VALLEY, ID MLS#12-312016
LANE RANCH LUXURY Dramatic rock cliffs and seasonal creek surround this log home, with floor to ceiling windows, hardwood floors and private terraces. Gourmet kitchen features high-end appliances, opens into great room with rock fireplace. 4-car garage and guest suite complete this home. $3,200,000 | SUN VALLEY, ID MLS#12-313182 BARRETT MOLTER + 1 208 720 4051 BARRETTMOLTER.COM BARRETT.MOLTER@SOTHEBYSREALTY.COM
CHALLIS CREEK RANCH Unique 200 acre horse ranch with flood irrigated senior water rights from Challis Creek. The ranch is accessible year around and includes a beautiful 3,000 square foot 4 bedroom, 3 bath log home, metal outbuildings, electric perimeter and cross fencing, all adjoining BLM land. $1,900,000 | CHALLIS, ID MLS#12-313368
BOB DITTMER + 1 208 578 1867 SUNVALLEYSIR.COM BOB.DITTMER@SOTHEBYSREALTY.COM
STUNNING RENOVATION Elegant simplicity embodies this five bedroom, four bath Dollar Meadow Condominium. A stunning renovation with meticulous attention to detail; fireplace, gourmet kitchen, extended deck, plus one-car garage. This luxury condominium is located in the very heart of Sun Valley. $1,075,000 | SUN VALLEY, ID MLS#12-313218 CATHERINE CARLEY + 1 208 481 2221 SUNVALLEYSIR.COM CATHERINE.CARLEY@SOTHEBYSREALTY.COM
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TIMELESS SOPHISTICATION AND DESIGN Exquisite four bedroom, three and one-half bathroom home on private sunny acre in Elkhorn. Custom high-end appointments throughout. Private master suite, cook’s delight designer kitchen includes espresso bar, wine storage. Heated three-car garage. $2,650,000 I SUN VALLEY, ID MLS#12-313182 SUN VALLEY SOTHEBY’S INTERNATIONAL REALTY CAROL DORAZIO + 1 208 720 3700 SUNVALLEYSIR.COM CAROL.DORAZIO@SOTHEBYSREALTY.COM
THREE ACRE ESTATE FEATURED ON HOME & GARDEN TOUR Eclectic and creatively designed four bedroom, four and one-half bathroom home is part of an original Hailey homestead completely and beautifully redone with a well thought out floor plan. Sunny breakfast room, den/library, gourmet kitchen. Entertain in the large, open living area. $1,995,000 I HAILEY, ID WEB#4254760 SUN VALLEY SOTHEBY’S INTERNATIONAL REALTY CAROL DORAZIO + 1 208 720 3700 SUNVALLEYSIR.COM CAROL.DORAZIO@SOTHEBYSREALTY.COM
SOPHISTICATED SUN VALLEY East Coast cottage and classic Cape Cod come together in this gracious mountain home. Spectacular great room opens to expansive outdoor living area. Home features four bedrooms, five full baths, two half baths, den/library, office and guest quarters on an elevated two acre site. Designed with special attention to amazing mountain views, construction, finishes, and home efficiencies, this strikingly beautiful home provides the utmost in relaxed sophisticated living. $3,895,000 I SUN VALLEY, ID MLS#13-313460 SUN VALLEY SOTHEBY’S INTERNATIONAL REALTY KATHERINE WESSEL + 1 208 720 4728 SUNVALLEYSAGEWILLOW.COM KATHERINE.WESSEL@SOTHEBYSREALTY.COM
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SECLUDED 5.95 PRISTINE ACRES ON THE BIG WOOD RIVER Remodeled in 2003, nice 4 bedrooms, 3.5 baths, 4.400 sq. ft. home located in private and desirable Gimlet Sub. The home boasts a formal dining room, breakfast nook, family room, three decks and a separate mother-in-law quarters. With nearly 600 ft. of Big Wood River frontage, this property is a fisherman’s paradise. Located next to the bike path and minutes from world famous Sun Valley skiing, hiking, biking, theater, music and much more. $3,400,000 | KETCHUM, ID MLS#13-313794 SUN VALLEY SOTHEBY’S INTERNATIONAL REALTY JANINE BEAR + 1 208 720 1254 JANINEBEAR.COM JANINE.BEAR@SOTHEBYSREALTY.COM
A WORLD OF ELEGANCE AND ARTISTRY Exquisite, thickly wooded 20 acre estate has the ultimate privacy. The architecturally pleasing home situated on the Flying Heart Lake has multiple ponds, flowing streams & splashy custom pool with waterfalls. 8,403 square feet. Six bedrooms, six and one-half bath home, 1600 square foot guest house and gym. Resort living at its finest with skiing, hiking, biking, live music and theater minutes from the property and the Big Wood River. PRICE UPON REQUEST | HAILEY, ID MLS#11-311659 SUN VALLEY SOTHEBY’S INTERNATIONAL REALTY JANINE BEAR + 1 208 720 1254 JANINEBEAR.COM JANINE.BEAR@SOTHEBYSREALTY.COM
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SUN VALLEY SOTHEBY’S INTERNATIONAL REALTY THE PERFECT OUTLOOK Enjoy protected views of Baldy and an extraordinary sense of privacy from this stunning 4 bedroom home in Bigwood’s prestigious north end. This home includes a main floor master, spacious living areas, home theater and warm European Mahogany finishes throughout. $7,500,000 | SUN VALLEY, ID MLS#12-313346 SUE ENGELMANN + 1 208 720 0680 SUNVALLEYSIR.COM SUE.ENGELMANN@SOTHEBYSREALTY.COM
SUN VALLEY’S GOLD COAST This spectacular home represents a rare opportunity to own on the Sun Valley Golf Course. In addition to magnificent Baldy views, this 6 bedroom residence offers main floor living, beautiful outdoor spaces, media room/game room, office, elevator, and wine cellar.. $7,200,000 | SUN VALLEY, ID WEB#4330344 CARON OCLASSEN + 1 208 720 1196 SUE ENGELMANN + 1 208 720 0680 SUNVALLEYSIR.COM CARON.OCLASSEN@SOTHEBYSREALTY.COM SUE.ENGELMANN@SOTHEBYSREALTY.COM
84 ACRE RIVERFRONT ESTATE This crown jewel of the valley offers total privacy and over 1200 feet of riverfront with natural open woodlands providing habitat for Bald Eagles, Elk and Deer. Featuring two beautifully appointed homes with mountain and river views. $10,500,000 | SUN VALLEY, ID MLS#11-3106877 SUE ENGELMANN + 1 208 720 0680 FERN MACKENZIE + 1 208 720 0720 SUNVALLEYSIR.COM SUE.ENGELMANN@SOTHEBYSREALTY.COM FERN.MACKENZIE@SOTHEBYSREALTY.COM
SUN VALLEY PANORAMA Offering unrivaled views of the ski runs, mountain peaks and acres of open space, this six bedroom home incorporates original design elements to create a truly innovative blend of mountain elegance and metropolitan flair. $4,195,000 | SUN VALLEY, ID WEB#4248650 JULIE HURST + 1 208 720 0907 SUE ENGELMANN + 1 208 720 0680 SUNVALLEYSIR.COM JULIE.HURST@SOTHEBYSREALTY.COM SUE.ENGELMANN@SOTHEBYSREALTY.COM
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might be the keywords to selling your luxury home
比佛利山庄 Beverly Hills | 圣芭芭拉 Santa Barbara 湾区 Bay Area | 温哥华 Vancouver | 夏威夷 Hawaii 拉斯维加斯 Las Vegas | 纽约 New York | 佛罗里达 Florida 洛杉矶 Los Angeles | 橙县 Orange County | 斐济 Fiji
开 放 参 观
体验华盛顿西雅图地区 无与伦比的奢华家园！ 西雅图(Seattle) 定价: $7,200,000 美元 China, has over 875,000 millionaires (individuals with personal wealth of 1.5 Million USD or more) In this tough market, Chinese buyers are a playing an increasing role in purchasing undervalued US luxury real estate. Home sellers Find an agent with the marketing strategy to get your home in front of Chinese Buyers! Agents Utilize the Caimeiju platform to market your listings to the fastest growing luxury class on earth.
MAKE CAIMEIJU 采美居 AND REALOGICS SOTHEBY’S INTERNATIONAL REALTY PART OF YOUR MARKETING STRATEGY Around the world, or around the corner, Realogics Sotheby’s International Realty in exclusive partnership with Caimeiju for the Pacific Northwest Luxury Real Estate Market, offers unparalleled solutions for buying or selling in today’s global marketplace.
Developers Let the Caimeiju Marketing Team provide a custom solution for your high-rise, resort, or new construction property.
Sophisticated by Nature
A Privileged Playground for all Four Seasons Whistler: A mountain resort town where celebrities, royalty, Olympic athletes, and the worldâ€™s most privileged come to play in an environment of old-growth forests, pristine creeks, and shimmering lakes. Days are spent skiing, snowboarding, golfing, cycling, and hiking. Evenings are for enjoying the rich dining, shopping, and cultural scene of Whistler Village.
Elevated Elegance Live this balanced life from your own ski-in, ski-out estate home on the side of a mountain, 3,000 feet above sea level. Those who own at Kadenwood enjoy grand homes on huge lots, North Americaâ€™s only dedicated neighbourhood gondola, and a rare opportunity to live surrounded by nature in a highly civilized fashion. Your legacy property, your four-season sanctuary.
View of Alta Lake from Lot 58 – the highest in Whistler.
Final homesites now available.
REPRESENTATIVE IN WASHINGTON STATE
Dean Jones, Realogics Sotheby’s International Realty
206.448.5752 I Dean.Jones@SothebysRealty.com Vancouver Island
This is not an offering for sale. Any such offering may only be made with a disclosure statement. Development layout, lot areas, amenities,buildable areas and pricing are subject to change without notice. For a copy of the disclosure statement, contact Ecoasis Properties Limited at 1-800-590-4029.
JUST A FEW OF OUR MOST RECENT MEMORIES… Sotheby’s International Realty Leadership Forum in Chicago I Luly Yang Spring Fashion Show I Tale of Two Cities in Vancouver I Sonic Boom Media Blitz with Dingman Group I Habitat for Humanity I Seattle Dances Fundraiser I Hong Kong Association of Washington Lunar New Year Celebration I PSBJ Fastest Growing Private Companies Reception I Global Partnership Summit in NYC I Barkitecture I AREAA Conferences in Las Vegas and Honolulu I Luly Yang Fashion Show I Sotheby’s International Realty Global Network Event in Los Angeles I The Treasure Hunt I Kitsap County Home Tour I Residences at Fairview Ground Breaking I PSBJ Book of Lists Party I LUXE Magazine’s Battle of the Chefs I RSIR Holiday Party at Glass Distillery I Sotheby’s Watch Event I Thirsty Thursdays I RSIR Seafair Rendezvous I Countless Broker Tours I Open Houses
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RUMOR HAS IT…WE’RE PRETTY AWESOME... so we hear. Attend an event or promotion with Realogics Sotheby’s International Realty and you can decide for yourself. Truth is that we do a lot in the community, for our brokers and for our clients. We like each other and adore our clients so it makes sense to get together for a good cause or just to have some fun. All work and no play makes Jack a dull boy right? Along the way we’ve launched products and projects, supported charities, showcased artwork, raised awareness for special interests, auctioned designer dog houses, served dinner to the less fortunate and even danced on stage (against our better judgment) and found the time to celebrate success. Oh and we also sell a lot of homes.
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A SHOWCASE OF GLOBAL PROPERTIES
A FAVORITE PASTIME HERE AT REALOGICS SOTHEBY’S INTERNATIONAL REALTY IS TO DO A “SOTHEBY’S REAL ESTATE ROUNDUP” AND EXPLORE DISTINCTIVE PROPERTIES FROM AROUND THE WORLD. HERE ARE A FEW LISTINGS THAT CAUGHT OUR EYE:
CHATEAU SUR LA MER is quite simply a home like no other. Architecturally inspired by the villages in the South of France. $19,995,000 SuzannePerkins.com SUZANNE PERKINS +1 805 895 2138 SOTHEBY’S INTERNATIONAL REALTY SANTA BARBARA
© MAXWELL MACKENZIE / ARCHITECTURE BY ROBERT M. GURNEY FAIA
SAN FR ANCISCO, CA
CHEV Y CHASE, MD
Spectacular 6 bedroom, 5.75 bath home. Prestigious Pacific Heights location. Period details throughout. Sweeping views. $13,900,0000 2898Vallejo.com
This award-winning and published modern home was designed by renown architect Robert M. Gurney and built to standards by Peterson and Collins. $2,495,000 ttrsir.com
GLORIA SMITH +1 415 722 2812 SOTHEBY’S INTERNATIONAL REALTY SAN FRANCISCO
MICHAEL RANKIN +1 202 271 3344 TTR SOTHEBY’S INTERNATIONAL REALTY
LOS ALTOS HILLS, CA
THE MORGAN ESTATE is an architectural masterpiece and is one of the finest examples of Tudor and Jacobean revival architecture in the United States. Price Upon Request ArthurSharif.com
Presiding over a flat acre plus parcel, this stunning estate property presents timeless elegance and modern functionality. $8,798,000 ArthurSharif.com
ARTHUR SHARIF +1 650 804 4770 SOTHEBY’S INTERNATIONAL REALTY SILICON VALLEY
ARTHUR SHARIF +1 650 804 4770 SOTHEBY’S INTERNATIONAL REALTY SILICON VALLEY
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A SHOWCASE OF GLOBAL PROPERTIES
VILLEFR ANCHE SUR MER, FR ANCE
A beautiful and unique Georgian townhouse situated in one of London’s premier addresses. The ultimate in 5* luxury, this property has been designed to comprise light and spacious accommodation over four floors. £5,500,000 sothebysrealty.co.uk
This beautifully renovated Provencal villa with original stone floors and beamed ceilings enjoys breathtaking views over the Bay of Villefranche. Magnificent sea views overlooking St Jean Cap Ferrat, Villefranche and Beaulieu. 17.000.000 € cotedazur-sothebysrealty.com
PHILIPPA COCKBURN +44 (0)20 7293 0879 UNITED KINGDOM SOTHEBY’S INTERNATIONAL REALTY
CYRILLE JALON +33(0) 4 92 14 10 07 COTE D’AZUR SOTHEBY’S INTERNATIONAL REALTY
DALL AS, TEX AS
WARWICK PARISH, BERMUDA
The premier luxury high-rise of Dallas, Museum Tower puts you at the cultural heart of the city. Live amidst the finest art, fashion, gourmet fare and entertainment in town. $1,400,000 to $20,000,000 briggsfreeman.com
BERMUDA WATERFRONT – Striking in its simplicity, every detail of this unique beachfront home leaves you breathless, from the innovative architectural design to the landscaped grounds, water features, pools and patio. $7,850,000 regosothebysrealty.com
ROBBIE BRIGGS +1 214 808 6107 BRIGGS FREEMAN SOTHEBY’S INTERNATIONAL REALTY
BUDDY REGO +1 441 292 3921 REGO SOTHEBY’S INTERNATIONAL REALTY
JACKSON HOLE, WYOMING
EAST LINCOLN PARK – Wonderful opportunity to own this beautifully maintained greystone on double lot in unbeatable East Lincoln Park locale. Vintage detail meticulously restored throughout. $3,395,000 jamesonsir.com
MOUNTAIN MODERN – Immaculately designed 5-bedroom, 7-bath home on 5 acres offers panoramic views of the dramatic Teton and Gros Ventres mountain ranges. No state income, inheritance or capital taxes. $5,495,000 tetonskyline.com
TIM SALM +1 312 929 1564 JAMESON SOTHEBY’S INTERNATIONAL REALTY
THE SPACKMANS & ASSOCIATES +1 307 739 8132 JACKSON HOLE SOTHEBY’S INTERNATIONAL REALTY
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MASTERPIECES IN THE MAKING
THE SOTHEBY’S DIAMONDS COLLECTION WILL BE ON VIEW I N LONDON 14-26 JUNE ENQUIRIES NEW YORK +1 212 894 1400 | LONDON +44 ( 0)20 7293 6430 | SOTHEBYSDIAMONDS.COM
tran�uil A home of tranquility. One that allows you to relax, that whispers soothing harmonies and presents serene vistas. It is a peaceful setting where contemplation occurs and uncertainty disappears.
Search for your own “tran�uil ” at
© MMXIII Sotheby’s International Realty Afﬁliates LLC. All Rights Reserved. Sotheby’s International Realty Afﬁliates LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each Ofﬁce is Independently Owned and Operated. Sotheby’s International Realty and the Sotheby’s International Realty logo are registered (or unregistered) service marks licensed to Sotheby’s International Realty Afﬁliate LLC.
Koh Samui, Thailand
Property ID 4000040620 | sir.com
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Published on May 21, 2013
In this issue of The Collection we proudly feature an expanded roster of broker profiles, a showcase of their fine properties for sale and m...