Figure 1: Recently Approved Phase 2 of Hughes’ Kaka’ako Plans
The market for Honolulu condos makes Dallas look like Sleepy Hollow. Even the ultra-tony Bleu Ciel with its recent price hikes is only pricing its smallest unit at a meager $640 a square foot. Compare that with still-being-built Honolulu high-rises Anaha and Waiea where a 435-square-foot studio on a no-view floor will run ya nearly double that.
And while sales in Dallas for these costly homes chugs along, Bleu Ciel, Museum Tower and its kin must dream of Hawai’ian voraciousness with 2016’s Anaha already 80 percent-plus sold. After a recession hiatus, Honolulu is again seeing buyers (likely their staff) camping out on sidewalks when new blocks of units are released for sale.
It is important to maintain a sense of humor. Photo by Catherine Hinojosa via Facebook
Okay, Texas. Enough. Just stop it. The horse-owning population of this state is #OverIt. Ours is not an indoor sport, and this is becoming a touch ridiculous. When your covered arena has more in common with an indoor pool than a sandbox, it’s time to wave the white flag. Thank you, Ma Nature, for removing us from the drought, but in your usual sick, twisted fashion, we’ve gotten the last five years worth of rain over the last five weeks.
I ask you, horse-owning universe, what did we do before Dubarry and Dublin boots? Wet feet, that’s what. Even the best rubber Wellies eventually had a crack, and your boot would gradually fill with urine and poo tinged water as you slogged around the barn. Remember hanging your dripping socks over the side of the bathtub? Yeah, me too.
Water, you go outside. Photo Courtesy of Kelly James via Facebook
Beautiful pastures, fenced and cross-fenced! Photo courtesy of Kendall Christine via Facebook
Greenbrier Sporting Club: 7000 sft, 5 bedrooms, wine cellar, billiards room, pool, hot tub, grill, bocce ball court, apartment: $5.995.
It was about this time last year that Kyle Crews, Juli Harrison, and Doris Jacobs all of Allie Beth Allman, and I hopped a plane to Charlestown, West Virginia to visit the one of the most beautiful, breath-taking and affordable vacation home spots in the nation: the Greenbrier Sporting Club.
Why I am telling you this story now? First of all, it’s the beginning of the vacation home season, and we should all be there, dry and happy and out of the rain. We are going back in a few weeks.
Secondly, I am sick of the rain. I know we need it, but this is getting ridiculous. Does Mother Nature know nothing but feast or famine? The only good news is that we may be able to sell some of this water to parched places in West Texas.
Jim Justice with Allie Beth & Pierce Allman, Judy Pittman, Dave Perry-Miller
Justice’s wealth easily trumps Rockefeller’s. The 64-year-old built a $1.7 billion fortune in coal and agriculture, and has painted himself a job creator who bought and restored The Greenbrier historic resort.
The values are unprecedented. When you see the resort, one of the oldest and largest in the country, and experience the magnificent homes and mountain home-sites that surround it, you will fall in love and seriously consider making your second home at the Greenbrier in White Sulphur Springs, West Virginia.
While flipping the filets yesterday, while it was pouring rain, I was aghast that I had left you with the impression that only a gadzillionaire could afford a vacation home at The Greenbrier. In fact, the Greenbrier Sporting Club is one of the best values in vacation home properties. I showed you a $5 million house, how about one for UNDER a million?
Boot Ranch hosted a fabulous wine weekend for members, guests, and journalists.
A crowd of about 70 journalists, bloggers, Boot Ranch members and guests participated in the first Boot Ranch Wine Workshop and Tours April 22 and 23. Hosted in the Texas Hill Country’s finest private golf and family community nestled on more than 2,000 picturesque rolling acres, the wine was flowing and the pool was warm. The master-planned retreat is just five miles north of the quaint, historic town of Fredericksburg and offers a variety of living options. The clubhouse features expansive vistas, a spa, bar, casual and fine dining. What more could you possibly need?
Kyle Crews of Allie Beth Allman, and Ralph Robertson of Century 21 Butler Real Estate Services successfully auctioned off the beautiful, 346-plus acre working recreational ranch known as Timber Creek Ranch last Thursday. Timber Creek is sold, gone, kaput and made someone a very happy ranch owner!
The $15 million investment property sold before Mother’s Day without reserve — yep, that means no minimum, — in three bidding segments: (1) the 26-acre lakefront parcel, which was previously offered for $11.95 million, (2) the 320-acre upper parcel, which was previously offered for $5 million, and (3) the entire property, approximately 346± acres. I’m told the sale was for the entire property and confidential. But my sources tell me the ranch sold for somewhere in the low $8 million range. And who was the buyer? After all the foreigners and out-of-staters who expressed interest in the property, it ended up being sold to a local Dallas person and client of the listing broker, Kyle. (more…)
As the old saying goes, April showers bring May flowers.
And, indeed, for the 505 Ranch on Cedar Creek Lake, the recent rains have brought so much more. The water levels are way up and Cedar Creek Lake is full – which means that the 505 Ranch team is experiencing a stellar spring season and is busy planning for the summer season. (more…)
With the economy on the upswing, better interest rates, and stock market gains, vacation homes and second home purchases are booming. By the lake, in the mountains, near the cost, in the desert — there are tons of great locations with plenty of fantastic properties. And sometimes a second home can actually make you money.
Do you occasionally rent out your vacation home? Services such as VRBO, HomeAway, and Airbnb are increasing in popularity, sometimes becoming a reliable second income stream for homeowners. Oftentimes the cost of maintaining these income-producing properties can be deducted. However, pitfalls abound. This report from the latest issue of Tierra Grande, the quarterly magazine produced by the Real Estate Center at Texas A&M University, spells out the particulars of how vacation homeownership can lead to a tricky situation without proper record keeping.