03/09/17 9:36am

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Living in Paris is a dream for many people, but a dream financially unattainable.  It may also be that the vagaries of foreign property ownership and the added wrinkle of currency fluctuations are simply not for you.  I mean, while a property may appreciate, if the currency tumbles, appreciation can quickly turn to loss.  For example, in late 2008 the Euro was pushing $1.60. Today it’s nearer $1.05 … essentially erasing a third of its value in nine years.  As recently as the autumn of 2014, the Euro was hovering around $1.40, making for a precipitous loss is a short time … simply from currency. I can tell you that any Parisian market gains in no way offset the currency declines.

You want a second home, not a tax write-off.

Rent.

While I was in Paris last month, I had a perfect confluence of the stars.  CandysDirt.com friend and HGTV hostess Adrian Leeds was on hand to give a sampling of rental units. Also scoping out the market was Dave Perry-Miller agent Sharon Quist who was in town with a friend selling her Paris home.

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03/08/17 7:30am

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Since posting last September about the idyllic living setup Kathryn and Craig Hall have with residences in both Dallas and Napa, Calif., wine country housing has been on my radar. News from Napa jumped off the screen when word came out that the Four Seasons Hotel and Resorts has announced residential sales at their venue opening in Calistoga in early 2019.

Along with five-star lodging, in its first phase of development, the Four Seasons Resort and Private Residences Napa Valley will include 20 full-ownership private homes. Guests and homeowners will share in a full-access winery on-site, overseen by famed winemaker Thomas Rivers Brown, whose achievements include crafting 20 wines earning perfect 100-point scores from The Wine Advocate. 

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03/03/17 10:42am
Barefoot Ranch, Texas

Barefoot Ranch, Texas. Photos courtesy of Icon Global.

It’s about as luxe-y as it gets for a recreational property in Texas. Barefoot Ranch is not a “working” ranch per se, but an uber-luxe hunting, golf, and lake resort set just a little over an hour from Dallas at an undisclosed specific location. Amenities include a 35,000-square-foot lodge, a PGA-rated golf course, a boat house, tennis courts, an equestrian center, and more. Once held by the Murchison family, the property’s current owner is an investor group headed by hedge fund honcho Kyle Bass, founder of Hayman Capital Management LP. Bass has hosted an annual economic summit at the ranch every year, bringing together top-tier government and business leaders to pow-wow over economic issues in between golfing, trophy fishing, and sport shooting at the on-site gun range. Hidden away, protected with high fencing, and near a jet strip, the ranch is well-suited to hosting high-security executives, politicians, and music and film celebrities in sheltered, private splendor.

At this level, you don’t name a listing price – it will be a matter of negotiation. Austrailian-born broker Bernard Uechtritz of Icon Global, who led the marketing of the $725M Vernon, Texas-based W.T. Waggoner Ranch last year, expects the property will see a lot of interest from foreign investors and will go for $50 million to $100 million. Kick off your shoes and click here for a gander at this bodacious East Texas paradise:

 

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03/02/17 12:05pm

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Thirty miles from the grind of Los Angeles, in the middle of the dense woods of Santa Anita Canyon, sits a tiny cabin. Like where this is going?

Built in 1918, the cabin was home to Mike Pauro — a musician known as ‘Ajax Moon’ — a poet and fiddler for whom the spot is now named. Fiddler’s Crossing. Reminds us of something out of a folk story. And if rustic is your thing, you could buy a place in that story for a mere $50,000.

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03/01/17 2:46pm

Country Cottage Idea House

Here’s the teaser — a sketch of the pint-size Country Cottage Idea House opening March 24, 2017, in Round Top, the Fayetteville County hamlet that has been hosting mega antique shows each spring and fall for decades.

The 1920s-era building which measures less than 800 square feet, was transported by trailer to The Compound of Round Top earlier this year. Award-winning designer Julie Dodson of Dodson Interiors in Houston has overseen a complete makeover of the tiny house, utilizing finds from the vendors of Round Top, to create cozy “Southern Country Chic” guest quarters.

Looking for ideas to build a nest for your guests?

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02/24/17 10:23am

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Often we feature homes and apartments intended as getaways, but what about a destination that challenges how we live our lives?  Sure, some fabulously wealthy person could purchase a property like this and simply add it to their portfolio, but the real tug for the rest of us comes from utilizing a property like this as a springboard to alter your life.  You’d still need some serious money or a willing bank, but this property offers a vastly different lifestyle.

Let me explain.  This 12th century fortress compound encompasses 154,139 square feet of interior living space that includes 110 bedrooms, 100 bathrooms, four swimming pools, a chapel, and two fishing lakes (feel free to re-read that). Along with the castle, there are 1,594 acres of rolling farmland of which only a speck is being used for wine grapes and olives.

See what I mean?  This property could change your life in many ways.

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02/15/17 7:49am
A view you could sell tickets to see

A view you could sell tickets to

I hadn’t even got on the plane and this Florence villa captivated me.  Is it any wonder when this is the view from the home’s back deck?  Perfectly situated to frame the ancient city of Florence, this home could be a dump and still there’d be this.  Of course it’s no dump …

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02/10/17 10:58am
This pretty property in Crested Butte is among the vacation destinations featured at the No Place Like Home Event. Photo courtesy of Austin Street Center.

This pretty Crested Butte property is among the vacation destinations featured at the No Place Like Home Event raising funds for the Austin Street Center.

What a shame to let a gorgeous vacation house stand empty when it could be put to good use raising funds to support the homeless!

If you’re going to rent a vacation place anyway, why not book a spot that will do the same?

Austin Street Center is hosting a fundraiser that has your name all over it if you own a vacation home that you are willing to lend, or if you are interested in purchasing a stay at a lovely vacation property to benefit the Center’s facilities and programs to help the homeless. The second annual No Place Like Home Event will take place from 6 to 9 p.m. on Thursday, Feb. 23, at Pirch NorthPark Center. Linda and Frank Roby are co-chairing the event.  (more…)