Call Carbondale home with this picturesque custom contemporary estate with four bedrooms (two master suites) on 3.2 acres with 375 feet of Roaring Fork River frontage. Expansive river views from each room with walkout decks. No design detail has been overlooked. Radiant floor heating and AC throughout. Large three car garage with built-in cabinetry and a dog wash. The home features a large patio off of the kitchen with automated gas heating fixtures that extends your outdoor dining and entertainment experience.

Address: 21 St. Finnbar Farm Rd, Carbondale, CO 81623

Price: $3,950,000

For more information about 21 St. Finnbar Farm Rd., visit www.garyfeldman.com, call 970.948.3737 or email gary@garyfeldman.com.

Gary Feldman is the exclusive agent representing the Aspen, Colorado real estate market as a member of the Haute Residence Real Estate Network. View all of his listings here.

Photos courtesy of Gary Feldman

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Boasting 360-degree views and ample sunlight, this beautifully landscaped home is situated on nearly one acre in the desirable Meadowood neighborhood.

The stunning 3,297-square-foot home features four bedrooms and 3 ½ bathrooms, and a three-car garage. It offers high-end finishes and amenities, including cherry wood floors; built-in entertainment center; whirlpool tub; steam shower; snowmelt driveway; two snowmelt patios; separate living and family rooms; fireplaces in master bedroom, living room and family room; beautiful beam work throughout, and a large mudroom with built-in storage.

Meadowood is a special enclave of single-family homes envied for its easy access to town, the airport, skiing, schools and many outdoor activities.

Address: 188 Meadowood Dr., Aspen, CO 81611

Price: $5,695,000

For more information, please contact Gary Feldman at 970-948-3737 or gary@garyfeldman.com

Gary Feldman is the exclusive agent representing the Aspen, Colorado real estate market as a member of the Haute Residence Real Estate Network. View all of his listings here.

Photos courtesy of Gary Feldman

The post Aspen’s Sought-After Meadowood Estate appeared first on Haute Residence by Haute Living.

RiveRoar has never been offered for sale. It sits directly on the banks of the Roaring Fork River where no new Pitkin County home can be built today. Current code requires a 100-foot setback. Resembling a glass treehouse, the home appears to have been dropped by helicopter into a stand of more than twenty 75-foot evergreen trees and offers views from every room. It has wonderful outdoor spaces to truly capture the river life during the day or at night by the fire-pit. Watch suspended trout in the crystal-clear eddies from the cantilevered dining room window, cleverly designed by David Johnston's award-winning architectural team.

Address: 4076 Lower River Road., Snowmass, CO 81654

Price: $5,250,000

For more information, please contact Gary Feldman at 970-429-3787 or gary@garyfeldman.com

Gary Feldman is the exclusive agent representing the Aspen, Colorado real estate market as a member of the Haute Residence Real Estate Network. View all of his listings here.

Photos courtesy of Gary Feldman 

The post Roaring Fork River Near Aspen appeared first on Haute Residence by Haute Living.

In the world of real estate, the attributes that command a premium are: views, water, ski access or golf courses.  In Aspen where views are abundant, water (or river) is the rarest with only so many riverfront parcels.  It doesn’t get much more riverside than this Old Snowmass home that is mere feet from the Roaring Fork River’s edge and has 200 feet of its frontage. Built in 2004, it has three bedrooms with three and one-half baths and was designed by David Johnston.  It is for those who love the sounds of the river and fishing for Gold Medal trout. Under current Pitkin County codes, homes no longer can be built closer than 100 feet from the river.  Located within the Aspen School District this home has 3,298 interior square feet, 650 garage square feet and 764 deck square feet.  The home has been featured in numerous magazines and can be seen in Aerin Lauder’s recent book, Aspen Style.

Address: 4076 Lower River Road, Snowmass, CO

Price: $5,250,000

For more information, please contact Gary Feldman at 970-948-3737 or gary@garyfeldman.com

Gary Feldman is the exclusive agent representing the Aspen, Colorado real estate market as a member of the Haute Residence Real Estate Network. View all of his listings here.

Photos courtesy of Gary Feldman 

The post Snowmass Colorado Home appeared first on Haute Residence by Haute Living.

The Summit will grant guests access to some of the greatest game changers in the city and also connect buyers with the most exquisite luxury properties, brokers and developments in the world. The National Power Brokers panel will include Dolly and Jenny Lenz, Olivia Hsu Decker, Gary Feldman, Richard Steinberg, Daniel de la Vega and Santiago Arana.  Get to know the top power brokers in the country before they discuss the evolution of the real estate market at this year’s summit.

Daniel de la Vega

As President of ONE Sotheby’s International Realty, Daniel de la Vega has been instrumental in building the brand in South Florida since the affiliate was founded in 2008, and today enjoys annual sales in excess of $2 billion. His background in finance and marketing allow him to manage a property portfolio totaling $5 billion-plus in both new, luxury condo developments and listing inventory. As a professional broker, he has unparalleled and unique insight into mastering deals and building relationships throughout the globe.

Dolly Lenz

Dolly Lenz is unquestionably one of the industry's premier real estate professionals. During her career, she has sold an unprecedented over $12.0 Billion in property, including her recent record-setting sales of a $57.0 million triplex penthouse to billionaire Rupert Murdoch and the New York Foundling’s $45.0 million West Village Mansion. Lenz has been named the "Queen of New York Real Estate" by The Economist, "NYC's 50 Most Influential Women" by Gotham Magazine and “The Top Ten List of Newsmakers in the Real Estate Industry” by the Wallstreet Journal. 

Jenny Lenz

Jenny Lenz's passion for the business started at an early age as she was exposed to some of the most breathtaking properties in the world, accompanying her mother on business trips to Europe and Asia. She has also fulfilled numerous speaking engagements at real estate conferences throughout the U.S and Australia. She strives to continue her mother's tradition taking on the New York and International real estate markets. Jenny is a columnist for The Australian – Mansions.

Santiago Arana

Ranked #6 in the country, Santiago Arana has gained a reputation as one of the most distinguished real estate agents in Los Angeles, garnering national recognition that includes being named among the Top 250 Realtors in the United States by Real Trends as advertised in The Wall Street Journal for seven consecutive years. Arana joined The Agency in 2014 as Principal and Partner, specializing in high-end residential real estate and new construction in Beverly Hills, Bel Air, Holmby Hills, the Sunset Strip, Pacific Palisades, Brentwood, Santa Monica and Malibu.

Olivia Hsu Decker

Olivia Hsu Decker along with Decker Bullock Sotheby’s International Realty concentrate exclusively on the marketing of extraordinary homes – those valued from $3 million to over $20 million. Hsu Decker offers the most effective marketing program in the business for both quality and comprehensiveness. She is most experienced in handling expensive properties and has the broadest, most substantial client base for luxury homes, consistently representing the highest level of clientele.

Gary Feldman

Gary Feldman is the founder of the Gary Feldman Group at Aspen Snowmass Sotheby’s International Realty. Known as an artful negotiator, Feldman has notched some of Aspen’s largest transactions.  Most recently he closed Aspen’s most expensive 2016 purchase at $24 million and most expensive 2017 sale 2017 at $30 million. Known as one of Aspen's most trusted advisors, his credentials include President, Director and MLS Director of the Aspen Board of Realtors®, Chairman of Aspen’s Professional Standards Committee, Instructor for National Association of Realtors® Ethics/Fair Housing courses and Aspen Realtor® of the Year.

Richard Steinberg

Richard Steinberg is one of New York's most successful and prominent brokers of apartments and townhouses. Grossing over $150 million in sales yearly, Steinberg has consistently been the top producer. His comprehensive knowledge of the Manhattan marketplace has made him a frequently cited expert on real estate in The New York Times, The Wall Street Journal, The New York Observer and other publications. Steinberg currently stars on the hit HGTV television show "Selling New York."

For more information and ticket sales, please click here. 

The post Meet The National Power Brokers Ahead Of The Luxury Real Estate Summit appeared first on Haute Residence by Haute Living.

How long does it take a typical real estate transaction to close?

The time involved with processing a loan request depends on the complexity of the transaction. In my experience, the range is typically between 30 and 45 days; often largely dictated by the appraisal turnaround time.

What specific concerns do banks have when people buy second homes and investment properties?

The difference in terms of programs and interest rates between primary occupancy and second home occupancy is minimal. The main adjustment is a loan-to-value reduction of 5 percent on loans allowing 80 percent (or greater) for primary residence occupancy, compared to 75 percent maximum (depending on loan amount) for second home occupancy. Second home occupancy can often be asserted, even if the residence is rented, as long as the owner can show a certain level of “personal use” throughout the year.

Investment property loans have a lower loan-to-value standard and slightly higher interest rate, due to the implied risk associated with this classification of use.

What percentage of property value will banks typically loan on in Aspen?

I have approved loans in Aspen up to $5 million at a loan-to-value of up to 50 percent. Larger loan amounts are possible, depending on the transaction and financial strength of the borrower.

What is the current interest rate environment? What is the outlook for interest rates? Going up or down?

Mortgage interest rates are higher than they were six months ago, but remain relatively attractive, thanks to the recent flattening yield curve in treasuries. However, inflation and the jobs environment still point to two more fed rate hikes in the near term. This would suggest that there remains a higher probability that mortgage rates will likely respond accordingly.

To safeguard your anticipated monthly payment against an unexpected rise in interest rates, TIAA Bank offers a long-term, capped rate program with a float down option. For example, once you have gone under contract, you may lock in a 180-day period at today’s rate, and reduce your rate once within 30 days before closing if that rate is lower. A deposit is required, but will be credited back to you at closing.

What is the outlook for lending on condo-hotels?Are banks becoming more or less open to condo-hotel lending?

Too often, conventional lending rules with a one-size-fits-all approach, and lenders unfamiliar with condo-hotel lending, prove problematic for purchase transactions. At TIAA Bank, we welcome resort condo buyers, and have specific products and support designed to facilitate purchases. Our expanded resort-condo program offers four ARM options with fixed-rate terms as long as 15 years, and is often significantly more attractive than local community bank options. 

With more than 40 years’ experience in the Aspen/Snowmass resort markets, Gary Haynes possesses exceptional knowledge of local trends and nuances; and has special expertise in resort condo financing. For more information or to contact Gary Haynes call 970-379-3271, or visit Gary.Haynes@tiaabank.com or www.tiaabank.com/ghaynes.

The post An Insider Guide to Aspen Bank Mortgages appeared first on Haute Residence by Haute Living.

Address: 142 Crystal Drive, Marble, CO 81623

For more information, please contact Gary Feldman at 970-948-3737 or gary@garyfeldman.com

Gary Feldman is the real estate agent exclusively representing the Aspen, Colorado market as a part of the Haute Residence real estate network. View all of his listings here. 

Photos courtesy of Gary Feldman

The post Crystal River Colorado Estate appeared first on Haute Residence by Haute Living.

No design detail has been overlooked. There is radiant floor heating and AC throughout, a large three-car garage with built-in cabinetry and a dog wash.

A large patio off of the kitchen with automated gas heating fixtures extends your outdoor dinning and entertainment experience.

Address: 21 St. Finnbar Farm Rd, Carbondale, CO 81623

Price: $4,150,000

Bedrooms: 4

Bathrooms: 4

View the listing here.

For more information contact Gary Feldman at 970-948-3737 or gary@garyfeldman.com.

Gary Feldman is the real estate agent exclusively representing the Aspen, Colorado market as a part of the Haute Residence real estate network.

Images courtesy of Gary Feldman

The post Custom Contemporary Home In Aspen appeared first on Haute Residence by Haute Living.

Aspen and Palm Beach seems to offer different lifestyles, what types of homebuyers do the two cities primarily attract?

On the surface, Aspen and Palm Beach appear to offer dissimilar lifestyles, with one being mountain and the other beach. In reality, they share many of the same characteristics. Both are luxury markets, which attract some of the world’s wealthiest and most astute people. They also offer cultural activities that draw the brightest and most accomplished performers, as well as seminars from global newsmakers.

Are there any differences when it comes to their average buyer profile?

The Aspen buyer profile may focus on outdoor activities, while the Palm Beach buyer profile tends to be more social and urban. How do I cater to both? Regardless of the market, I listen to their needs, desires and objectives, and then determine which homes and locations are most suitable. Sometimes, the perfect home is not listed for sale and requires tapping into my extensive homeowner and broker relationships to uncover the right one.

Aspen and Palm Beach have restrictive zoning laws that have created unique housing markets. How are the zoning laws similar?

In general, Aspen‘s laws focus on growth restrictions, limiting home sizes as well as how many homes can be built on a single land-holding. With a few exceptions, homes cannot be larger than 5,750 square feet and only one home can be built on 35 acres or less. In the Palm Beach market, where the land is essentially fully developed, the laws focus on architectural style, height, volume and prevention of lot combinations.

Aspen

Both Palm Beach and Aspen’s inventories are down, according to several reports. What is your advice to homebuyers as well as home sellers in the current market conditions?

Both markets are currently experiencing strong buyer activity. Unlike many other luxury markets, inventory is always available for a price. During periods of strong interest, property owners tend to ask higher prices and do not negotiate.

Florida does not have an income tax. What advantages does this give homebuyers looking for real estate in Palm Beach?

Property taxes represent the most remarkable difference between Aspen and Palm Beach real estate. While it is true that Florida does not have an income tax, property taxes are on par with other major metropolitan markets; while property taxes in Aspen and Pitkin County are a fraction. Aspen buyers unaware of Colorado property tax rates expect to pay more than they are at home. It’s the silver lining to owning property in Aspen.

In April, Palm Beach County reached the highest median price for a single-family home since the crash. What are your expectations of the market going forward?

It is obvious that the tax code revisions of 2017 are having a strong impact on real estate prices in Palm Beach. Many residents of large metropolitan centers have just had their property tax deduction dramatically reduced or essentially eliminated. In addition, their federal tax deduction for state income taxes has been eliminated or reduced significantly. This has sparked a steady influx of newcomers to Palm Beach, resulting in a surge of prices and a shortage of available homes. I expect this trend to continue.

Palm Beach

During the real estate burst of 2008/2009, prices slumped in many luxury destinations. Yet, Aspen continued to see prices, even if sales slowed down, rising during that period. What contributed to this?

The factor that contributed to Aspen’s quick recovery is Aspen’s uniqueness, combined with 40 years of zoning laws that have restricted real estate growth. Compared to other luxury resort markets without stringent growth controls, Aspen maintains a supply and demand balance that is slightly tipped in favor of the property owners. Just like sellers in Palm Beach, it has been said that Aspen sellers do not need to sell and will often wait years to get the price they desire.

What are your expectations for real estate sales in Aspen and Palm Beach?

Aspen has continued to see real estate prices increase since the Great Recession of 2008. Property values have recovered and set new records. Palm Beach is experiencing significant increases in activity and prices. I expect demand in both markets to continue to outpace both the physical and emotional supply of real estate in these unique markets. (Emotional supply means that many sellers are not “forced” to sell because of financial stress, but they simply decide to move on.)

Top Image: 720 Willoughby Way, Aspen, CO 81611

Gary Feldman is the real estate agent exclusively representing the Aspen, Colorado market as a part of the Haute Residence real estate network.

The post Gary Feldman: Aspen And Palm Beach Are More Alike Than You Think appeared first on Haute Residence by Haute Living.