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.

The post One Thousand Museum Co-developer Louis Birdman Talks Real Estate Boom In Florida appeared first on Haute Residence by Haute Living.

Factors such as privacy, five-star services and amenities, world-class design and the availability of turn-key homes are key drivers for buyer demand at One Thousand Museum during this time. This full-floor residence offers new options and joins a select few highly-curated furnished homes on the market.

The residence was furnished by Luxury Living Group and designer Hernan Arriaga, featuring a neutral palette that plays perfectly against the use of color. As a "mansion in the sky," it is over 10,000 interior square feet in size, featuring five bedrooms, six and a half bathrooms, a private foyer and living area encased in glass. The residence also comes with its own home gym, media room, and a master "wing."

“We are thrilled that One Thousand Museum’s desirability continues to be recognized across the country, especially as now, more than ever, people are reevaluating where and how they live,” said Louis Birdman, co-developer of One Thousand Museum. “In addition to the flurry of interest from states impacted by the SALT tax, we’re seeing many of our new residents express priority over elements that only South Florida can offer, such as ocean views and access, ease of living, estate-style condos and competitive pricing.”

The debut of this full-floor penthouse follows a string on high-profile sales. Earlier this year, athlete, entrepreneur and global icon David Beckham closed on his own penthouse. That news was followed by World Cup Champion Paul Pogba, who also purchased his own unit at One Thousand Museum.

The exoskeleton-shaped building by the London-based firm that decorates the Miami skyline like no other ever officially opened in August of last year 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.

The post One Thousand Museum Announces $100 Million In Sales This Year, Debuts Full-Floor Penthouse For $18.8 Million appeared first on Haute Residence by Haute Living.

Edgardo Defortuna, President and CEO of Fortune International Group, Marcelo Kingston, Managing Partner of Multiplan Real Estate Asset Management (REAM), Leo Medeiros, Director of Sales at 181 Fremont, and Erin Boisson Aries, Founder of Erin Boisson Aries Team at Christie's International Real Estate, were hosted by Haute Living's April Donelson. The dialogue with and between the experts went into the penthouses their companies represent, as well as the state of their respective real estate markets during the quarantine and now as the industry is reopening to pre-pandemic operations.

Watch the webinar below.

Defortuna and Kingston showcased 57 Ocean, the 71-home boutique building set along Millionaire’s Row between Atlantic Heights and Mid-Beach in Miami Beach, and its $35-million penthouse. "The concept is to really connect with nature and to provide a healthy lifestyle in all aspects to the consumer that is the user of this property," said Defortuna, whose team at Fortune Development Sales is the exclusive broker of 57 Ocean.

"We are very proud about this rooftop penthouse where you can enjoy 360 views of Miami, the ocean and Intercoastal Waterway, and in pretty much 15,000 square feet (8,000 indoor, 7,000 outdoor), which is really unique, wrapping up the whole unit in one single floor," said Kingston. "We set the ocean as the front stage of any moment within the building. When the thought about the project and inspiration for the penthouse, we were trying to create special touchpoints and special moments within that space."

Boisson Aries gave a Big Apple-worthy presentation of the $34 million penthouse at One Beacon Court, including the never-ending views of New York City. "If you're going to be in New York, you want to have the most spectacular views," she said. "Vertically, we go north as far as the eye can see. Horizontally, (the views from the penthouse) goes from the East River all the way to New Jersey and beyond. There are great views in New York, and then there are spectacular us in New York. This one qualifies as having absolutely spectacular views. The apartment is 9,000 square feet in total and it's five bedrooms and six and a half baths. It is a duplex so it's spread over two floors. What this double-height space does is bring the entire city into your apartment."

Medeiros highlighted a stunning $46 million penthouse at 181 Fremont in San Francisco, pointing out that the photos did not do it justice since he participated in the webinar from inside the unit. "Our Grand Penthouse is nearly 7,000 square feet. It's the tallest residence west of Chicago," he said. "It includes all the furnishings and accessories. It happens to be the most expensive home in San Francisco, but it's also probably the most spectacular residence in San Francisco and, I think, the West Coast."

Sign-up for upcoming Haute Residence webinars:

Wednesday, June 24th at 3PM EST / 12PM PST

Haute Residence and Luxury Living Group Design

Join Haute Residence and Luxury living Group as we talk with top designers about fine furniture and new design trends after the quarantine. REGISTER.

Wednesday, June 24th at 4PM EST / 1PM PST

NYC Real Estate Reopening with Top Compass Agents

Join us as we talk with four of the top Compass names in the Big Apple about reopening after the quarantine. REGISTER.

Thursday, June 25th at 4PM EST / 1PM PST

Designing for Wellness in the Post-COVID Era

Join us for a talk about Blue Wellness-oriented architecture, natural amenities and skin-care, and the healthful benefits of living by the ocean. REGISTER.

To watch more webinars by Haute Residence, visit https://dev.hauteresidence.com/

Top: Edgardo Defortuna, Erin Boisson Aries. Bottom: Leo Medeiros, Marcelo Kingston

The post Penthouses: High-Rise Palaces In Miami, New York And San Francisco Highlighted appeared first on Haute Residence by Haute Living.