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Modified on December 28, 2023 ,
Published on December 27, 2023
D & G Tulum Developers
Authors
Abby Montanez
Abigail Montanez is a staff writer at Robb Report. She has worked in both print and digital publishing for over half a decade, covering everything from real estate, dining, travel and topics…
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Where have all the millionaires gone? Down Under, it would seem.
Australia had the highest inflow of high-net-worth individuals in 2023, according to new findings from London-based investment migration consultancy Henley & Partners. The report, which defines HNWIs as people with at least $1 million in assets, noted that roughly 120,000 millionaires migrated to a new country this year, with that number set to increase to 128,000. Over the last two decades, Australia has logged 82,000 newcomers, and this year, approximately 5,200 millionaires are expected to make the country their new home.
“Australia consistently attracts sizable numbers of millionaires every year, mainly from Asia and Africa, but more recently also from high-income countries such as the U.K.,” explained Andrew Amoils, head of research at New World Wealth, which collaborated with Henley & Partners on the report. The study attributed Australia’s appeal to its safety, low tax rates, healthcare system, and advanced economy. Of course, the country’s high quality of life, wide open spaces, and natural beauty are also draws.
The UAE, Singapore, Switzerland, and the U.S. were also among the top five destinations with the highest net inflows of millionaires in 2023. The Emirates clocked approximately 4,500 high-net-worth individuals this year, most of whom are drawn to the area’s prime real estate and safe haven status.
Roughly 82,000 millionaires have relocated to Australia between 2002 and 2022.
Pexels
“Pre-pandemic, the UAE traditionally saw net inflows of around 1,000 high-net-worths per year,” the report said, with most incoming millionaires in 2023 expected to come from India, with large numbers also coming from the U.K., Russia, Lebanon, Pakistan, Turkey, Egypt, South Africa, Nigeria, Hong Kong, and China.
The United States attracted around 2,100 high-earning newcomers. Per the report, those people mainly hail from Asia and work in the entertainment, finance, or tech industries. Singapore and Switzerland also maintained their status as wealthy hubs. The former is forecast to welcome 3,200 HNWIs, while the so-called “playground of Europe” is projected to attract a net inflow of approximately 1,800 high-net-worth individuals in 2023.
Conversely, countries including the U.K., China, India, Russia, and Brazil saw the world’s largest exodus of millionaire residents. This year, the U.K. had about a 3,500 drop in HNWIs, while China has been negligible since 2017. “General wealth growth in the country has been slowing over the past few years, which means that the recent outflows could be more damaging than usual,” the report said.
Authors
Abby Montanez
Abigail Montanez is a staff writer at Robb Report. She has worked in both print and digital publishing for over half a decade, covering everything from real estate, dining, travel and topics…
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When it comes to premium ski destinations in the United States, wealthy locales like Aspen and Vail are likely to come to mind. However, the charming, quiet town of Waterville Valley, New Hampshire, has seen some of the largest gains over the last few years when it comes to alpine property prices.
According to a new report from Realtor.com, the New England enclave has seen a shocking spike in home prices since the pandemic. In that time, listing prices jumped a whopping 121 percent, which raised the median home price roughly 25 percent higher than the national average. For context, the U.S. median home price was $408,732 as of November 2023. “It’s those children who grew up skiing here,” Mike Aronson, an agent with Waterville Valley Realty, told the real estate portal. “Now, with remote work, they’ve come back to live here.”
Waterville Valley, nestled inside New Hampshire’s White Mountains National Forest, has long been a big draw for slope-schussing homebuyers. A two-hour drive from Boston, the town’s picturesque ski resort was founded in the 1960s by the late Olympic skier Tom Corcoran. Today, it features an epic 52 trails and 265 acres of alpine terrain. “Like a lot of ski towns, we’ve become more of a four-seasons destination,” Aronson added.
Outside of Waterville Valley, 80 Mooney Point Road in Holderness is one of the area’s priciest listings.
Keegan Rice/Badger Peabody and Smith Realty
Per the New Hampshire Housing Market Report, average home prices across the state have risen 36 percent between 2020 and 2022. And as of 2023, the median home price clocked in at $449,799. Not far from Waterville Valley is the town of Holderness, where properties on scenic Squam Lake run in the $4 million to $7 million range. Currently, the area’s most expensive residence is 158 Cromwell Point Road, a 4,134-square-foot pad with four bedrooms and four bathrooms. The $7 million spread is positioned on roughly four wooded acres and features a wine cellar, a U-shaped boat dock, and a stone patio.
Nearby, 80 Mooney Point is listed for just shy of $4.5 million. The 2,409-square-foot waterfront cottage comprises four bedrooms, three bathrooms, a renovated kitchen, and a screened porch. There are tons of exposed beams and wooden paneling, which makes it look as if it’s straight out of the 1981 drama On Golden Pond, starring Henry Fonda and Katherine Hepburn. Well, that could also have to do with the fact that the movie was actually shot on the same lake!
Authors
Abby Montanez
Abigail Montanez is a staff writer at Robb Report. She has worked in both print and digital publishing for over half a decade, covering everything from real estate, dining, travel and topics…
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An artfully updated four-bedroom ranch house, plus a couple of guest casitas, arresting views of the Sawtooth Mountain Range from the infinity-edge pool, and a party barn inspired by a cult-favorite bar in Hollywood, not to mention the potential to rake in hundreds of thousands of dollars in annual rental revenue, are just a few of the appealing features of the Know Where Ranch that sprawls over 2.5 acres in the historic High Desert community of Pioneertown, California. The compound, newly on the market at a sliver under $1.4 million, is listed with Shaun Alan-Lee of Carolwood Estates and Keith Markovitz and Clayton Baldwin at Compass.
About 125 miles east of downtown Los Angeles, a 45-minute drive from Palm Springs, and a short hop to Joshua Tree, Pioneertown was established in the 1940s as an 1880s-themed town for use as a set for Western films and TV shows. It remains a working set. Gene Autry filmed his weekly show in Pioneertown in the 1950s, and in 2016, Cyndi Lauper shot her western-themed music video for Funnel of Love at the Pappy & Harriet’s, Pioneertown’s legendary roadhouse, barbeque restaurant, and music venue that has played host to a laundry list of performers, including Lucinda Williams, Paul McCartney, Lizzo, Neko Case, and Rufus Wainwright.
The 2,800-square-foot home features custom murals and artwork throughout.
Will Edwards
Record producer and DJ Aric Christopher acquired the property almost four years ago and has since transformed what was a perfectly ordinary four-bedroom ranch-style home and several unassuming outbuildings into an eclectic retreat for relaxation and recreation, a fashionably funky fusion of artistic élan, western allure, Hollywood glamour, and modern, low-key luxury.
Beyond the cherry-red front door, animal skulls, cowboy hats, and reclaimed wood framing around the windows add rustic pizazz, while bespoke accents such as the dreamcatcher-like light fixture over the massive kitchen island, as well as custom murals and artworks by artists Penelope Misa and Ron The Killer, inject the house with a playful, one-of-a-kind High Desert bohemian vibe.
The kitchen is configured around a huge island that will seat a dozen people.
Will Edwards
Other highlights include the kitchen, with its massive island that seats a dozen people on an array of vintage bar stools. Several more can gather around the built-in dining banquette in the adjoining breakfast nook. The spacious primary bedroom, dubbed The Roy Rogers Suite and clad in reclaimed wooden planks, includes a morning/evening bar, a claw-foot soaking tub that’s open to the bedroom, and a separate, marble-floored bathroom.
Covered patios along the back of the house include one equipped with a large wall-mounted TV. Cool off in the infinity-edge pool, meditate or practice yoga on one of the poolside terraces, and watch the sunset while swaying gently in the hammocks hung around a gas fire pit. Elsewhere are a cowboy tub, a flat, raked area for bocce ball and cornhole, and a detached pool bath and outdoor shower. Considering the climate and location, the property includes a 4,500-gallon water storage tank and solar-powered exterior lighting.
The party barn bar was inspired by the low-key Know Nothing Bar in Hollywood.
Will Edwards
In-the-know Angelenos may have already guessed that The Know Where Ranch takes its name from, and the bar inside the party barn takes its design cues from, The Know Where Bar, a beloved, under-the-radar but now shuttered Hollywood boîte that was long on laid-back charm and short on attitude, with sophisticated cocktails and yummy snacks.
And finally, the most enticing part of The Know Where Ranch, which has a dedicated Instagram with nearly 15,000 followers, just may be the potential to haul in hundreds of thousands of dollars in rental income. According to marketing materials, between private rental events and vacation rental income, The Know Where Ranch raked in more than $430,000 in total revenue in 2022, with a net income of almost $275,000.
Click here for more photos of The Know Where Ranch.
Will Edwards More
Vie L’Ven, a forthcoming resort and residential property from Altree Developments, is bringing a new level of luxury to the Dutch side of the Caribbean island of St. Maarten.
The project is slated to make its debut in 2028, and Robb Report got an exclusive first look at the renderings. The development—the name translates to “life to live”—will feature a hotel component alongside a collection of fully furnished homes ranging from $800,000 to over $2 million. Altogether, the Cay Bay project will comprise a total of 280 units with 190 hotel rooms, 60 of which will be suites, and 90 private residences.
The open-air lobby entrance at Vie L’Ven, a forthcoming luxury residence in St. Maarten.
Binyan
“Vie L’Ven stands as a unique and unparalleled project in St. Maarten, distinguished by its singular luxury experience,” Zev Mandelbaum, CEO of Altree Developments, tells Robb Report. “With only one other five-star hotel catering to a similar clientele, Vie L’Ven’s presence fills a crucial gap, providing an exclusive destination that will undoubtedly be in high demand. The extensive amenities that will be offered at Vie L’Ven set it apart, establishing a standard of luxury unmatched anywhere else on the island.”
The property will feature a five-star hotel and a selection of private homes for purchase.
Binyan
Drawing upon both French and Dutch cultures for inspiration, the oceanfront building will be designed by award-winning architectural firm HKS with interiors by Toronto’s Studio Munge. In addition, the developer tapped Sotheby’s International Realty to handle all the sales and marketing. The homes on offer will be available in several different layouts, ranging from one-, two-, and three-bedroom residences that measure from 600 to 6,000 square feet. Owners will also have the option of entering their home into the resort’s rental program for short- or long-term stays.
Naturally, residents will have access to all the hotel’s facilities, including its three swimming pools, signature restaurants, and 24/7 concierge services. The grounds will also sport a world-class fitness center and spa and can be reached via boat.
An aerial view of the resort’s massive beachside swimming pool.
BInyan
“St. Maarten is a captivating island that seamlessly melds the cultural influences of both the French and Dutch, cultivating a distinctive European ambiance in the heart of the Caribbean,” adds Mandelbaum. “Embraced by natural beauty and tranquility, the island beckons with a plethora of attractions, from exhilarating nightlife to the allure of mega yachts. For those seeking a perfect blend of excitement and relaxation, St. Maarten promises a tapestry of unique experiences.” More
Nothing says vacation like a trip to the beach. But how much would you splash out for a totally over-the-top rental?
For those yearning for a luxury weekend by the sea, a new study combed through the most expensive beachfront Airbnb listings in every country and came up with a ranking of the world’s top 10 priciest vacation properties. To put things into perspective, the report found that the average Airbnb rental goes for $137 per night. Naturally, the nightly rate for a billionaire-style villa on the beach is going to cost way more. Let’s get into it.
The most expensive beachfront Airbnb is an $18,000-per-night private island in the Bahamas.
Courtesy of Airbnb
There are two properties that rank as the most expensive Airbnbs on the planet. For an eye-watering $18,000 a night, you can book a stay at Middle Cay, an idyllic private island in the Bahamas, or live it up at Casa del Oso, a 10-bedroom waterfront mansion in Punta Mita, Mexico.
In the third spot is Villa Harrah in Glenbrook, Nevada, which ranks as the most expensive rental in the United States. The 20,000-square-foot Lake Tahoe chalet, originally built in 1963 by casino operator William F. Harrah, runs a cool $17,000 per night. In comparison, the next most expensive vacation rental in the U.S. is the $11,000 per night Villa Salt Acres in Stonington, Connecticut, which includes 2,000 feet of pristine coastline with 400 feet of private beach, along with a boat dock, a tennis court, a movie theater, and a wine cellar.
Villa Harrah on Lake Tahoe is the priciest beachfront vacation rental in the United States.
Courtesy of Airbnb
Coming in at the fourth spot is Mansion Villa at Daios, a sea-facing retreat in Crete. The $16,995-per-night residence on Daios Cove, the most expensive Airbnb in Europe, offers panoramic ocean views, an infinity pool, a sprawling stone terrace, and an indoor spa area that’s replete with a sauna, a massage room, and a gym.
If you’ve got $16,311 to burn, you can enjoy a stay at Finca J in the medieval Spanish village of Begur, and for $15,000, you can book a stay for up to 24 guests at Villa Punta Aguila inside the swanky Casa de Campo Resort in the Dominican Republic.
CieloMar in Costa Rica ranks seventh on the list and goes for $13,265 per night; the villa can accommodate up to 12 guests in six bedrooms. The home is shaped like the bow of a ship and comprises every enviable amenity imaginable, from a volcanic stone-lined infinity pool to a wet bar and a Zen garden.
Rounding out the top 10 are Crystal Springs, a $12,500-per-night beachfront compound in Barbados that provides a staggering 12,000 square feet across six buildings serviced by a staff of 14; the $12,000-per-night Pearns Bay House in Antigua, which can accommodate up to a dozen guests; and, for $11,946 per night, there’s Villa Hortensia on the coast of Sardinia. More
Like other homes that blend in with their natural surroundings, this brand-new villa in the rugged North Pacific region on the West Coast of Costa Rica is discreetly tucked away with just a few other homes in the lush, dense jungles of Guanacaste.
The Sunset Villas are a collection of four residences nestled within the 3,000-acre Costa Elena resort community and ocean club near the border with Nicaragua. On the market for $2.95 million, the hilltop pad is perched in the treetops next to the Guanacaste Conservation Area, a UNESCO World Heritage Site. Altogether, the boxy and modern two-story home has four bedrooms, plus a one-bedroom bungalow, and a total of six bathrooms in more than 5,000 square feet of living space.
One of the four Sunset Villas at Costa Elena in Guanacaste is now for sale.
Canadian studio DesignAgency and El Salvador-based architect Eva Hinds were tapped to design the interiors, which have a modern, tropical vibe. Think polished concrete floors, tons of teak wood, and neutral furnishings coupled with massive floor-to-ceiling windows and oversized glass doors that provide panoramic views of the Pacific Ocean. All of the bedrooms are ensuite and have a private balcony, so you can take in the epic sights from a bunch of different vantage points.
Elsewhere, the digs are equipped with a gourmet chef’s kitchen with stainless appliances, plus a sprawling outdoor pool deck with daybeds, a grill, and a sleek infinity-edge pool. From here, you can look out over Salinas Bay and catch a glimpse of the Orosi Volcano and Bolaños Island.
Each of the five bedrooms has a private terrace.
Owners of the Sunset Villas will have a concierge service and property management team at their disposal and will be given the option of entering the home into Inspirato’s rental program. You’ll also have access to Costa Elena’s three beach clubs, numerous restaurants, fitness facilities, hiking and biking trails, and a nature preserve. Of course, if you’re looking for a little off-site adventure, the 10 miles of coastline are the perfect place for kit surfing, fishing, snorkeling, and more.
At the helm of the master-planned Costa Elena is Nicaraguan native and billionaire Don Carlos Pellas. The Pellas Development Group is best known for its work throughout Central America, including Guacalito de la Isla, also known as Nicaragua’s first five-star resort community, in addition to Santa Maria Golf & Country Club in Panama.
Click here to see all the photos of Costa Elena’s Sunset Villa. More
Published on November 10, 2023
Costa Elena
Authors
Abby Montanez
Abigail Montanez is a staff writer at Robb Report. She has worked in both print and digital publishing for over half a decade, covering everything from real estate, dining, travel and topics…
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