What’s Listing And What’s Selling On The U.S. Luxury Property Market

Real Estate

The wheels of the global luxury real estate market keep turning with new sales and new listings popping up every day. Here’s a look at what’s up for grabs and what’s been sold across five distinct United States markets.

FOR SALE—$8.3 Million (San Diego, California)

Standing at the western boundary of San Diego’s historic 1,200-acre Balboa Park, the 14-story luxury condominium complex known as the Park Bankers Hill is perfectly positioned to take in the best views the southern California city has to offer—especially from the building’s 5,536-square-foot modern penthouse. Covering the southwest corner, the penthouse vista encompasses sights of downtown, Balboa Park and the Pacific Ocean.

Floor-to-ceiling glass walls outline much of the three-bedroom, four-bathroom residence to maximize light, including sunsets over the Pacific. The sense of space is furthered by the home’s two-story, open-floor design. Completed in 2018, the Park offers a wealth of owner amenities, including a wine room, billiards and poker table, as well as a pool, fitness center and spa. Ken Baer of Willis Allen Real Estate holds the listing.

SOLD—$3.7 Million (Vero Beach, Florida)

Nothing stands between the crystalline waters of the Atlantic Ocean and the lucky owner is this recently purchased Vero Beach condo, apart from a stretch of white sand. Located inside of the western Florida gated community, Carlton, the four-bedroom residence is about as close as you can get to oceanside living without sleeping on the beach.

A wraparound veranda complete with a gas fireplace and a built-in grill allows for comfortable indoor/outdoor living with views of the ocean. Marble floors cover the 4,300-square-foot condo and ceilings stretch a spacious 10 feet. Protected by 24-hour security, Carlton Vero Beach houses a number of community spaces, such as a 42,500-gallon heated pool, tennis court and 7,000-square-foot clubhouse. According to listing agent Matilde Sorensen of Dale Sorensen Real Estate, prices in Vero Beach are on the rise, growing 15% in comparison to last year.

FOR SALE—$2.15 Million (Whitefish, Montana)

As popularity continues to grow for the small Montana town of Whitefish, a number of new construction projects are now hitting the market, including this $2.15 million riverfront condo. Slated for competition in late summer of 2023, this four-bedroom, four-bathroom residence is the last of the riverfront properties available at the luxury community of Whitefish River Run. Natural materials will take center stage with bold wood and stone accents throughout.In addition to the 2,750 square feet of livable space, the luxury condo also includes a two-car garage.

Sitting just a stroll away across the Whitefish River is downtown Whitefish, City Beach and Whitefish Lake. Other popular destinations including the area’s world-class skiing resorts are less than 10 miles away. The listing for 132 West 2nd Street Unit A is held by Tyler Stewart of National Parks Realty.

SOLD—$2.21 Million (Mendham, New Jersey)

A literal joining of new and old, this Mendham country home consists of two structures connected by a curved, sunlit breezeway—the original built in 1752 and the addition completed in 1999. The resulting combination makes for a distinctly antique yet contemporary compound. Fronted by a paver courtyard and featuring Colonial architecture, the four-bedroom, six-bathroom home can be best described as stately. Interiors include hardwood and brick flooring, 10-foot ceilings and custom moldings.

While traditional in appearance, modern comforts can also be found throughout, such as heated flooring in the primary bath, California closets and an electric vehicle charging station. A private pond, bluestone patio and swimming pool can be found on the five-acre property. “The Mendham market typically lags a bit behind more robust markets in the surrounding areas,” says agent Mara Nydam of Turpin Realtors. “However, in 2023, Mendham has stayed very competitive and properties are selling while in exclusive status.”

FOR SALE— $6.995 Million (Lake Tahoe, California)

Available for the first time on the open market, this quintessential Lake Tahoe waterfront home sits on just under 100 feet of frontage and includes a private pier and buoy access. Perched at Timber Point, the five-bedroom residence was built nearly a century ago. Traditional cabin architecture makes for a cozy existence. Pair that with the stunning Lake Tahoe backdrop, which stretches across from almost any window in the house, and the result is the perfect northern California getaway.

An oversized, wraparound deck allows for lakeside lounging as well as ample water recreation storage below. The Tahoe Regional Planning Agency has verified over 4700 square feet of Class 6 coverage, offering a tremendous template for future redevelopment. Owner and general manager of Tahoe Mountain Realty, Jeff Brown, holds the listing.

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