We are thrilled to announce our recent merger and next chapter. After 12 years as Highland Partners (our boutique firm we launched during the mortgage meltdown of 2008/09) is now Corcoran Global Living (as of September 2021). What’s interesting is that CGL launched during COVID in early 2020 yet has grown to over 70+ offices in Northern and Southern California, Lake Tahoe, and the Sierras, Nevada, and Ohio. Highland Partners and Corcoran Global Living, both born during difficult times — are in good company — Netflix, Trader Joe’s, Microsoft, Sports Illustrated, MTV, General Electric, and Warby Parker all started during a recession.

We are also excited to introduce our newest addition to the DiMaggio & Betta Group, our son, Chase DiMaggio Betta. This new year is the beginning of another new chapter.

In 2015, which seemed as if it were just the other day, we hosted a seminar for homeowners who resided in their home for 20 years or longer, it was called, Demystifying the Downsizing Process.

Flash forward to today, 2022, —we are in the process of selling the home of one of our attendees. Our client even kept the memo pad we handed out with the book we wrote, The Art of Real Estate.

The memo pad was one of the many things uncovered as she purged and packed for her relocation and next, new chapter. Have you been contemplating a move for 1, 2, 3, or more years, but are overwhelmed by what next steps to take?

Here are 6 questions to determine if you are ready or almost ready to make a move, —-downsize your home or live somewhere you’ve always dreamed.

1. Have you resided in your home for over 20, 30, 40, or 50 years?

2. Do you live in your home alone; and/or, is your home too large for your current needs?

3. Has COVID changed your outlook and where you want to live?

4. Are you overwhelmed with the thought of making a move?

5. Are you interested in accessing the cash in your home?

6. Do you have questions about the process?

If you answered yes to any or all of the above then allow us to guide, counsel, and discuss the possibilities, and lay out your options.

Simply book a complimentary consultation to get started. Our goal is to educate, guide, be a resource, connect and refer you to those who can help make this next chapter, seamless. Allow us to do what we do best which is to facilitate the process with ease, experience, and extensive knowledge. Should we not specialize in your city please allow us to make a referral to one of our trusted and knowledgeable Realtor partners. We are locally, regionally, nationally, and internationally connected.

Debbi DiMaggio, Adam Betta & Chase DiMaggio Betta

510.414.6777 Debbi | 510.414.1250 | Adam

debbi.DiMaggio@CorcoranGL.com adam.Betta@CorcoranGL.com chase.Betta@CorcoranGL.com

DiMaggioBettaGroup.co

Member/Awards: Luxury Real Estate, Haute Residence, GiveBack Homes, Forbes Five Star Realtors, Top 100 Agents & Five Star Professionals

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Haute Residence member Paola Marulanda is a South Florida real estate expert, the founder, and CEO of Luxury Home Connect, and one of Miami’s top realtors. Using her expertise, passion for real estate, and commitment to outstanding service, she has successfully brokered transactions for a wide array of prominent clients and made record-breaking eight-figure sales. Recently, she talked with Haute Living about the effects of Covid, current market trends, and the secrets to her success.

Haute Residence: How has the market changed since Covid?

Paola Marulanda: In early 2018, new laws came into effect that eliminated the individual state income tax in Florida, making Miami an increasingly attractive home base for America’s wealthiest. Shortly after this migration of affluence ensued, Covid-19 forced every individual and every business to reevaluate their priorities for the long haul. Suddenly, the appreciation for home space — especially horizontal space, versus vertical space in homes and condos — surged at an incredible rate. Although at first condos were at a standstill while the single-family home market experienced a frenzy, the seemingly endless oversupply of condo inventory was absorbed by those drawn to the climate, taxes, and lifestyle South Florida has to offer. Furthermore, affordability compared to other major metropolitan areas and record-low interest rates opened the floodgates. Now, with headquarters and satellite offices opening all over, it makes sense for people of every level of wealth, education, and business to move here.

HR: What are the current trends in your market?

PM: The current trend in Miami is the quintessential example of a supply and demand imbalance. The combination of record-high demand and a finite supply of inventory created the perfect storm for a surge in prices, making it a very strong seller’s market. Miami-Dade County’s total home sales increased 142 percent year-over-year while existing condo sales increased 240 percent. Median prices on single-family homes rose 32 percent, from $380,000 to $500,000, and median prices for condos rose 26 percent year-over-year, from $262,250 to $330,000. The monthly supply of inventory for single-family homes has decreased 54 percent. In September 2021 alone, the total dollar volume for single-family homes in Miami was approximately $1.2 billion, compared with $975 million in September 2020. Active inventory in the same period has fallen to 2,957 homes in September 2021 from 4,039 in September 2020. Adding to the velocity of sales transactions is the expectation of a rising interest rate environment on the heels of a 6.2 percent CPI print, a measure of inflation. Heading into 2021, the Federal Reserve forecasted a CPI figure of 1.8 percent. Why does this matter? Now that inflation is not seemingly transitory, the market is anticipating higher rates. This translates to a potential 16 percent higher cost of borrowing over the life of the mortgage next year as compared to this year.

HR: How do you continue to offer optimal service in the current climate?

PM: It is crucial for buyers to work with a local expert who can match their desires with the reality of the market. This requires tapping into local contacts to obtain off-market properties and educating buyers about the myriad geographical boundaries that now extend into new and upcoming neighborhoods outside of the more popularly known ones, such as Miami Beach and Coral Gables. Now we can talk about areas like Surfside, Pinecrest, and South Miami, which were overlooked and undervalued before. On the seller’s side, the recipe for success was once network, reach, and marketing. Today’s market conditions call for a more extensive set of criteria in order to keep sellers safe from fraudulent buyers and scams. Taking deals from start to close and optimizing deal terms is of the utmost importance. Backed by the most renowned and leading agency in the luxury real estate world, Sotheby’s International Realty, I can ensure that the most extensive and appropriate set of tools is employed to gain maximum exposure, while my own company, Luxury Homes Connect, offers an additional layer of legal support and negotiation expertise.

HR: What are some past successes, and how do you plan to continue to be successful?

PM: My latest successes involve record-breaking eight-figure sales in multiple neighborhoods, such as South of Fifth, Key Biscayne, Coral Gables, and Brickell. I am truly passionate about matching buyers with their dream home and sellers with their dream offer. I am currently closing on my own dream home, which serves as a testament to the strength and positive trajectory of the Miami real estate market!

Paola Marulanda is the exclusive agent representing the Key Biscayne/Miami Beach Islands real estate market as a member of the Haute Residence Real Estate Network. For more information, call 305-496-0359 or email paola@paolamarulanda.com.

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In 2020, the iconic, exoskeleton tower had a record-breaking year of sales, with over $100 million in total. Buyers included star athletes and celebrities like David Beckham and Paul Pogba, as well as affluent purchasers from the Northeast and California that have been migrating to Florida and its prime residential destinations, topped by One Thousand Museum.

“While our original timeline for securing an inventory loan was pushed due to travel restrictions that hindered lenders from walking the finished project, we ultimately found the right lender in Cirrus Real Estate Partners,” said Louis Birdman, co-developer of One Thousand Museum. “We are pleased to enter this new chapter and confident in the upcoming sellout of our landmark building.”

“Despite the pandemic, South Florida proved to be a thriving spot for new residents who flocked to Florida from within the United States, and One Thousand Museum was a project that shined,” said Mayi De La Vega, Founder and CEO of One Sotheby’s International Realty, the Exclusive Broker for One Thousand Museum. “The tower had a record-breaking year with $100 million in sales, and 2021 has already started off with more than $35 million in sales, putting us on pace to exceed our 2020 success.”

The combination of tax benefits and a bustling cosmopolitan city that keeps growing in Miami have continued to bring in new residents from around the world. This year alone, One Thousand Museum has closed $35 million in sales, on track to surpass the milestone reached last year.

“We look forward to the commercial growth of One Thousand Museum,” said Tony Tufariello of Cirrus. “We worked to deliver capital quickly to maintain momentum at the property.”

“We have the experience to understand the operating complexity that comes with a high-profile luxury tower such as One Thousand Museum,” added Joseph McDonnell of Cirrus. “We believe that the capital we provided will help the property fulfill its significant potential."

One Thousand Museum – developed by Louis Birdman, Gilberto Bomeny, Kevin Venger, and partners Gregg Covin and Todd Glaser – was officially completed in August 2019, as one of the country’s most anticipated masterpieces.

For more on One Thousand Museum, visit http://www.1000museum.com/.

Photos courtesy of One Thousand Museum

The post One Thousand Museum Secures Inventory Loan Following Record-Breaking Sales appeared first on Haute Residence by Haute Living.

The duplex, spanning the 10th and 11th floors, is encased in floor-to-ceiling windows, offering a panoramic view of the city which envelops residents as soon as they arrive home. The condo is outfitted with furniture from B&B Italia, one of the top furniture manufacturers in the world, whose pieces were designed by Patricia Aquila.

Aquila was personally chosen by Zaha Hadid to furnish the common areas throughout the building, giving this home a unique bond that no other unit shares. Inside the home, the common areas are reflective of the local art scene in Miami, with splashes of bold, primary colors, and custom touches in collaboration with Manolis projects.

The exoskeleton-shaped building by the London-based firm that decorates the Miami skyline ever officially opened in August of 2019 as one of the most anticipated developments worldwide. It has top amenities including an indoor-outdoor 1KM wellness center with state-of-the-art equipment by Techno-Gym, yoga facilities, a Spa with relaxation pods, and private rooms for spa services. The Aquatic Center on the 61st floor features an indoor lap pool. One Thousand Museum's Sky Lounge has ample space for private events and fine dining by the building's culinary team. The building has a dedicated Curator of Hospitality to attend after residents' needs on- and offsite.

For more on One Thousand Museum, call 855-663-6873 or visit www.1000museum.com.

Photos credit: Tony Tur Photography

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Chip & Joanna Gaines are a design couple previously on HGTV and known for their show Fixer Upper. The couple’s charm shows through as Chip’s boisterous and joking demeanor plays off Joanna’s quieter and dryer humor. The two stole the hearts of the nation and had 5 successful seasons before ending in 2018. Although the show ended, the Gaines’ brand did not as they launched their own Magnolia brand, bakery, retail store, books, and now their own network - Magnolia network. 

“We are — risk-takers, course changers, path makers, creators, dreamers, storytellers” reads the network's description. It will consist of different design shows such as Superdad, a show about dad, Taylor Calmus, who teams up with other dads to build their kids’ dream outdoor spaces; For the Love of Kitchens, about a bespoke kitchen design company based in the English countryside; and Homegrown, about Atlanta-based farmer Jamila Norman who helps families create their own backyard farms to grow their own food. Chip and Joanna will be showing their faces as well with a baking show with Joanna Gaines called Magnolia Table and a re-launch of Fixer Upper. 

Photo Credit: Shutterstock

The network was first supposed to launch in 2020 but had to postpone due to the Covid-19 pandemic. For now, the network can be previewed on discovery + with the full Magnolia Network app launching on July 15, 2021. The cable channel will officially launch in January of 2022. 

The post Chip & Joanna Gaines Are Launching Magnolia Network In July 2021 appeared first on Haute Residence by Haute Living.

Photo Credit: Courtesy of Baxter Made in Italy

Design team Studiopepe first introduced the stunning LAZYBONES dining chair for the 2019 Baxter collection. The design feels eclectic and fresh, with a retro vibe, a poetic vision, and rigorous design craftsmanship. And in the latest 2020 Collection, they've included yet another take on it, this time around in the realization of LAZYBONES LOUNGE

Photo Credit: Courtesy of Baxter Made in Italy

"It's a very active market right now in Miami with international clients finally flying into Florida, coming back to their second, third homes for the holidays," says Elizabeth Potter, Managing Director at Baxter Miami. "Our showroom has had more visits and traffic than at any other point this year. While we are mindful of Covid and have and continue to strictly adhere to all health guidelines, we are happy to see some part of Miami come back to itself.We are accustomed to enjoying our peak season at this time of year, our December month starts the best cycle of Miami. It's not quite the same as years past, but it's definitely getting better. We've all adapted to the 'new normal' and it's wonderful to see life back in the showrooms and neighborhood, to find the faces of the customers we have missed during this epic year, and to renew the connections as we arrive at a brighter new year ahead."

Photo Credit: Courtesy of Baxter Made in Italy

Baxter Miami is located at 3630 NE 1^st Ct, Miami, FL 33137. For more, visit http://www.miami.baxter.it or call 305.576.1135.

Photo Credit: Courtesy of Baxter Made in Italy

The post Baxter Miami Presents International Buyers With The Lazybones Chair Collection appeared first on Haute Residence by Haute Living.

Photo Credit: Courtesy of One Thousand Museum

What’s the current status of the high-end home market?

The high-end is seeing a lot of demand and performing better than other market sectors right now. We have seen a ton of interest of late, and even logged over $100 million in transactions this year.

How has COVID-19 impacted this sector? Which markets are doing relatively well? Which have been impacted the most? How has it played out in towers/condos?

In March when the pandemic hit, there was a migration out of highly dense cities. One Thousand Museum saw immediate interest from states like New York, Connecticut, Illinois and California – some buyers who had been mulling over a home in South Florida and ended up expediting their timelines. While some vacation home shoppers opted for single-family homes over condos, the tower didn’t see any drop-off as its floorplans run upwards of 10K interior square feet, and include the benefits and conveniences of condo living.

Photo Credit: Courtesy of One Thousand Museum

What’s the investment outlook for this segment?

Not only is it a buyer’s market right now, but interest rates are historically low. It’s a great time to buy.

Will COVID cause more people to want second homes as a refuge/place to social distance, or will the economic uncertainty caused by COVID make buyers want to sit on cash instead?

Shelter-in-place has made people evaluate how and where they live. And while some have been more cautious and are taking a wait-and-see approach, real estate remains one of the safest investments.

Photo Credit: Courtesy of One Thousand Museum

How is the second home market different from the primary home market? What are the similarities?

The primary home market is also performing well, again due to the migration from highly dense cities. South Florida has been a popular destination for second-homes and permanent relocations, not just due to the pandemic, but over the past few years and spurred in part by the SALT tax and overall lifestyle benefits of the area.

What design elements and must-haves do homeowners want and expect?

Buyers right now are craving space, both interior and exterior, and they want either ocean views or access so even while remaining at home, they never feel cooped up.

Photo Credit: Courtesy of One Thousand Museum

For more on One Thousand Museum, call 855-663-6873 or visit www.1000museum.com.

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I  hope this message finds you well and you are enjoying the tail end of summer. As we rapidly move into fall, I want to start with my sincere gratitude to all the firefighters and first responders on the front lines of these fires throughout California. 2020 has been a year that will never be forgotten in our minds and hearts. It's been filled with challenges which have made us rethink our lives, who's most important, and how we can create a life more balanced. All of these fears and challenges have been brought to the surface to witness our humanness, the stratification within our society, and for many, the imbalance in our lives.

Photo Credit: Kurt & Candace Williams at Photo Tecture

The Tahoe real estate market has been a direct reflection of these ideas this year. The market has broken historic sale records. The entry-level market has been wiped out with low-interest rates, competitively low inventory, and first and second home buyers seeking to have a place to come, now that many of their jobs have a "work from home" mandate due to COVID. The entry-level Luxury market has been highly competitive with multiple offers on many of the new listings and a 23% increase in square foot price in just three months. The Upper luxury market has been fluid and strong.

Homes that have been sitting on the market for over 180 days have now been purchased at near asking price and inventory of these homes are at a historic low. Luxury neighborhoods like Martis Camp have moved their entry-level inventory from $4M in 2019 to $5.5M currently. Lakefront sales are no different, there have been several sales above $20 million with the highest being $38 Million sold over on the east shore. For a more detailed explanation of the micro markets around Lake Tahoe, California or Nevada, feel free to call me directly on my cell phone or contact us at our website.

Photo Credit: Kurt & Candace Williams at Photo Tecture

For our Buyers - It's worth spending the time and figuring out where and what you're looking for, and be perched and ready to offer quickly as inventory is not sitting long and there is a ton of pent up demand.

For our Sellers - In my 17 years of selling real estate in Lake Tahoe, I have never seen a better time to sell your estate or property. Seller's should expect very thorough inspections, short contingency periods and a quicker than normal close.

It's my hope moving into the fall, that we can forge ahead and ride the remaining portion of this year with style, grace, and collaboration. We have included several links below to donate to fire victims and firefighters. Thank you all for rising to the challenge

of this year. "We welcome the opportunity to help you or someone you love". Thanks for reading and enjoy.

Kind Regards,

David Gemme

For more information, please contact David Gemme at (530) 277-8881 or david@gemmegroup.com

David Gemme is the exclusive agent representing the Carnelian Bay / Squaw Valley / Truckee / West Shore / Schaffer's Mill / Martis Camp / Lahontan / Tahoe City, CA real estate market as a member of the Haute Residence Real Estate Network. View all of his listings here.

Photo Credit: Kurt & Candace Williams at Photo Tecture

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