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      in Luxury

      Michael Douglas and Catherine Zeta-Jones’s Former L.A. Condo Hits the Market for $7 Million

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      You might not have been fortunate enough to snag their picturesque 12-acre estate in New York that was recently up for grabs, complete with 130 feet of waterfront footage on the Hudson River. But now’s your chance to pick up Michael Douglas and Catherine Zeta-Jones’s former Los Angeles condo at the iconic I.M. Pei-designed Century Towers residential complex on the Avenue of the Stars; that is, of course, if you have a few million dollars burning a hole in your proverbial pocket.

      After more than a decade of ownership, current owner Judy Glickman Lauder is looking to hand over the keys to the celeb-pedigreed pad for a smidge under $7 million. Records show the Hollywood power couple bought a pair of adjacent condos in separate transactions in the late 1990s and subsequently combined the corner units before selling the whole kit and caboodle to the photographer and her late husband Leonard Lauder, the billionaire son of beauty mogul Estée Lauder, in 2003 for $1.85 million.

      A wall of glass in the living room opens out to a terrace overlooking the Hillcrest golf course.

      Dusan Simonovic/Estate Photos LA

      Resting on the 23rd floor in one of two identical 28-story high-rises—which have been home through the years to showbiz movers and shakers such as Lana Turner, Diana Ross, Berry Gordy, Burt Lancaster, and Karen Carpenter—the three-bedroom, three-bath abode features roughly 2,600 square feet of Lauder-furnished living space boasting dark cabinetry paired with multi-colored slate walls and floors, plus large expanses of glass offering sweeping views of the city skyline and Hillcrest Country Club golf course.

      Among the highlights is a spacious peach-hued living area sporting floor-to-ceiling sliding glass doors spilling open to an alfresco dining terrace. There’s also a wet bar-equipped dining room, a laundry nook, and a kitchen outfitted with a breakfast bar and premium stainless appliances. Other amenities include a family room with a built-in entertainment center, along with a spacious primary retreat flaunting a slate-tiled bath spotlighted by a freestanding clawfoot soaking tub.

      The slate-clad primary bath comes with a clawfoot soaking tub and walk-in shower.

      Dusan Simonovic/Estate Photos LA

      RELATED: Al Pacino’s Former Beverly Hills Rental Home Is Up for Grabs at $16 Million

      Topping it all off are plenty of building amenities courtesy of a $4,262 monthly HOA charge, including a 24-hour guard-gated entry, a concierge, valet parking, a fitness center and sauna, a full-length lap pool, a putting green, and tennis courts.

      “A living piece of Hollywood history, this home still reflects the timeless taste and style of its original celebrity owners…down to the last detail,” says Alphonso Lascano, who holds the listing with Bjorn Farrugia, both of Carolwood Estates.

      Click here for more photos of the Century City residence.

      Dusan Simonovic/Estate Photos LA

      Authors

      Wendy Bowman

      Wendy Bowman is a real estate writer at Robb Report. Before that, she was a freelancer for Modern Luxury and several other media outlets, where she primarily covered luxury properties for…

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    • 188 Shares199 Views

      in Luxury

      F1’s Charles Leclerc Snaps Up a Condo at One of South Florida’s Ritziest New Towers

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      Though it’s not even set to make its debut for at least three more years, Two Roads Development’s glassy prism-shaped residential tower in Miami’s trendy Edgewater neighborhood has already snagged a hot new resident. According to Miami Real Investment, 26-year-old Formula 1 racer Charles Leclerc has officially picked up a waterfront “Signature Residence” at Edition Residences, Miami Edgewater, adding to a property portfolio that includes a lavish apartment in his birthplace of Monaco.

      Hans Baumgartner, the real estate broker who repped Leclerc in the recently inked deal, declined to identify exactly which of the building’s 185 units the successful Ferrari driver purchased or how much he spent. But these particular condos span the 10th to 40th floors of the 55-story Bayshore Drive tower and start at $3.1 million.

      Charles Leclerc relaxes in the $10 million sales gallery at Edition Residences, Miami Edgewater (right).

      Charles Leclerc; Two Roads Development

      Per marketing materials, open-concept floor plans for the two- to three-bedroom Signature Residences range from 2,315 square feet to 2,709 square feet and feature Studio Munge-designed living space adorned throughout, with high ceilings, floor-to-ceiling walls of glass, and expansive terraces framing picturesque Miami Beach skyline, Biscayne Bay and Atlantic Ocean vistas.

      Additional highlights include private elevator lobbies and spacious great rooms holding combination living and dining areas. They’re nestled alongside bespoke Italkraft kitchens outfitted with eat-in islands and top-tier Wolfe and Sub-Zero appliances. There are also grand primary suites with walk-in closets, as well as spa-inspired baths equipped with dual vanities, stone countertops, freestanding soaking tubs and showers.

      Floor plans include open-concept great rooms sporting living and dining areas flanked by a gourmet kitchen.

      Two Roads Development

      Leclerc will be privy to 45,000 square feet of indoor/outdoor amenities, including lush waterfront gardens designed by landscape architecture firm ESDA, a cabana-lined swimming pool and cinema, a poolside garden lounge and bar, a fitness center and yoga studio, pickleball courts, a full-service spa operated by Edition, a boardroom, a library lounge, six guest suites and an on-site restaurant.

      Perhaps sparking Leclerc’s attention the most? A high-tech racing simulator, which promises to offer residents “an extraordinary and adrenaline-pumping experience.”

      The property’s swimming pool is lined with cabanas.

      Two Roads Development

      “We are continuing to see increased interest from international, high-profile and celebrity buyers who are attracted to the tower’s heightened level of security and privacy,” Taylor Collins, managing partner of Two Roads Development, said in a press statement. “With our development deeply rooted in hospitality, buyers feel a deep connection to the curated lifestyle the Edition brand offers.”

      Construction on the global hotel brand’s first standalone residences in Miami is set to begin later this year, with an estimated delivery timeframe of 36 months. Sales and marketing duties are being exclusively handled by Douglas Elliman Development Marketing, a division of Douglas Elliman Realty. More

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      in Vacation Homes

      Forget Vacation Homes. These Luxe Alternatives Give You Second—or Third—Residences Without All the Paperwork

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      If you’ve been looking to buy a vacation home in the past decade, it may have crossed your mind that a fractional or club-based alternative might be a viable and attractive alternative option. Proponents suggest it offers the ideal compromise: all the upside of having a second or third home, with none of the admin or paperwork to keep it operational. But the various approaches can be confusing, and it seems almost deliberately muddled, with overlapping terminology and complementary, yet distinct, business models. So here, a pithy primer for anyone considering a part-time home away from home. 

      Residence Clubs

      Timbers Resorts

      The earliest incarnation of luxury fractional residences was this model, which derives from the time-share concept. Think of it more like a plug-and-play second home for your annual vacation. Typically, a residence-club developer will build several properties in a desirable, well-known location—Hawaii, perhaps, or Tuscany—bundling ample services and amenities alongside the units. It will then sell the right to stay there for several weeks per year to multiple shared owners, who each receive a deeded interest in that specific unit. Some schemes allow you to trade those weeks with other owners, but you’ll usually return to the same property repeatedly. 

      Key Players: Timbers Resorts, Pacaso Best For: Traditional second homers 

      Destination Clubs

      Inspirato

      The destination club emerged a decade or so ago and could be thought of as the more youthful sibling of the residence-club model. “Younger consumers are less motivated by owning than by flexibility, variety, and different experiences, so some are deciding that owning something in perpetuity doesn’t always make a lot of sense,” says Richard Ragatz, president of Ragatz Associates, a consulting firm in the resort real-estate industry. Rather than locking owners in with an equity stake, these operate more like passport-powered country clubs with an initiation fee and annual dues; there might be occasional surcharges for particular overnights, too. “You have no equity, but you have access to great vacation homes as well as access to hotels or trips like Antarctica or a safari,” says Nick Copley, a shared-ownership expert who runs SherpaReport. “Whatever the annual spend, though, it’s a sunk cost with no equity accruing year on year.” 

      Key Players: Inspirato, Exclusive ResortsBest For: Adventure-minded younger families 

      Equity Clubs

      Equity Residences

      This investment-minded alternative acts as the vacation world’s answer to a real-estate investment trust. An operator will create a fund, much like a VC, and offer individuals the chance to invest, say, $300,000 for one share. The fund will use those monies to buy up to 15 properties, all of them wholly owned and operated by a management company; each share confers the right to stay for three weeks per year at any of the locations. At the end of an agreed period, perhaps a decade, the fund will begin to sell its homes and divide the spoils among its investors. “There should be a financial return if the managers have done a good job, though I haven’t seen hard numbers on ROI,” says Copley. “They take on board investor feedback. But make sure, if it’s an up-and-running fund, that where they said they intend to buy jells with where you want to travel.” 

      Key Players: Equity Residences, Equity Estates Best For: Real-estate speculators with wanderlust 

      Other Options

      21-5

      Keep an eye on another approach that takes the equity club even further, reshaping it more in the image of a Manhattan co-op. With the rather literal approach of 21-5, a Danish company, 21 families pool their resources to buy five places in different destinations—an Alpine ski lodge, perhaps, or a beachfront villa in Greece—and make equal investments; each family is able to spend 12 weeks per year total at these homes. They have control over the investment and can collectively decide when to liquidate a property and replace it with a new home elsewhere. It has successfully operated in Europe since 2011, with more than 1,200 families participating. The recently launched GoForth, founded by a veteran of the equity-club space, Adam Capes, hopes to popularize the idea among Americans using a similar model. 

      Key Players: 21-5, GoForthBest For: Hands-on homeowners keen on complete control  More

    • 150 Shares169 Views

      in Luxury

      Hugh Jackman’s Glitzy NYC Triplex Just Hit the Market for $39 Million

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      After more than a decade, Hugh Jackman has decided to bring down the curtain on his longtime New York City triplex.

      The Australian actor, who recently returned to Broadway in a revival of The Music Man, bought the lavish West Village triplex with his wife Deborra-Lee Furness for $21 million back in 2008, according to records. Now, the two-time Tony Award winner has put the five-bedroom pad up for sale with the Corcoran Group for $38.9 million.

      The A-lister’s 11,000-square-foot abode is located in a ​​boutique tower, known as 176 Perry Street, which was designed by Pritzker Prize-winning architect Richard Meier. It’s also the only apartment in the building to have interiors penned by the architect, according to listing agent Deborah Grubman.

      You can expect spectacular New York City vistas. 

      The Corcoran Group

      “This is a spectacular apartment where, quite simply, what you see is what you get,” Grubman told Robb Report via email.
      Starting on the eighth floor, there is a giant recreation room with a terrace overlooking the Hudson River, along with four ensuite bedrooms and a library that could be used as a fifth guest room.
      At the heart of the ninth floor lies a double-height great room. With walls of windows, it provides western sunset views of the Hudson and New York Harbor. Elsewhere on this floor, you’ll have access to a gourmet kitchen, a dining room that doubles as a gallery and a home office. There’s also a gas fireplace to keep you cozy on those cold New York winters.

      A spiral staircase connects all three floors. 

      The Corcoran Group

      The 10th floor is dedicated entirely to the lavish primary suite. It comprises a luxe bathroom with double sinks, a spa, sauna and dressing room. There’s also a studio and exercise area because, hey, Wolverine needs to work out somewhere.
      Each of the three floors has an accompanying terrace, of course, and they’re all connected by a sculptural, spiral staircase.
      In terms of amenities, the full-service condo comes complete with a high-tech fitness center, a 24-hour doorman and a concierge. Jean-Georges Vongerichten’s Perry Street Restaurant is also conveniently located inside the building. Plus, there are only 10 units in the tower in total, which means you have plenty of privacy. As for your neighbors, you’ll likely be in rare company. In addition to Jackman, celebrities such as Nicole Kidman and Ian Schrager have called 176 Perry Street home over the years.

      Check out more photos:

      The Corcoran Group

      The Corcoran Group

      The Corcoran Group

      The Corcoran Group

      The Corcoran Group

      The Corcoran Group

      The Corcoran Group More

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      in Luxury

      Bob Saget’s Former Brentwood Estate Just Hit the Market for $7.8 Million

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      Bob Saget may be known for a certain full house in San Francisco, but it’s the Hollywood great’s LA estate that could now be yours.

      Located in the tony neighborhood of Brentwood, the 6,600-square-foot property was purchased by the late actor-comedian for $2.9 million in 2003, according to Adam Saget of Compass. Coincidentally, the listing agent is also the nephew of the Full House star.

      Originally built in the 1960s, the two-story home was treated to a full renovation in the late 2000s just before Saget moved in with his three daughters. The former America’s Funniest Home Videos host, who died in January at age 65, later lived there with his second wife Kelly Rizzo.

      Penned by Douglas Busch Design, the modern, architectural abode sports stone and hardwood flooring throughout, along with large windows that let in an abundance of natural light. The main level comprises a welcome foyer, a large living room with skylights, a dining room, a media room and a guest room. There is also an eat-in kitchen on this floor with a fireplace, breakfast counter, stainless steel appliances and a walk-in pantry.

      Large windows throughout let in plenty of natural light. 

      Jeff Ong/Postrain Productions

      The remaining guest rooms are located on the upper level, along with a sizable terrace and the primary suite. Fit for an A-lister, the suite includes high vaulted ceilings, another fireplace, a private patio, a large walk-in closet and a spa-like bathroom with a tub and steam shower. Adam Saget told Robb Report that “Bob was very into tech.” As a result, he installed smart house controls and automation all throughout the home.
      The manicured grounds, which span around a third of an acre, feature a motor court, three-car garage, a swimming pool and a separate guesthouse with a full bath. The latter could also be used as a studio, office or gym. For those who prize their privacy, the property is also protected by a gated security wall.
      “Personally, I’m going to miss our family gatherings and holiday celebrations we shared together in the home,” Saget told Robb Report in an email. “So many great stories, lots of laughs and memories to cherish for years to come.”
      Ready to live like Danny Tanner? The Brentwood pad will set you back $7.8 million. The sale also perfectly coincides with the premiere of A Tribute To Bob Saget, a celebration of Bob’s life in comedy with his friends and family, which drops on Netflix on June 10.

      Check out more photos below:

      Jeff Ong/Postrain Productions

      Jeff Ong/Postrain Productions

      Jeff Ong/Postrain Productions

      Jeff Ong/Postrain Productions

      Jeff Ong/Postrain Productions

      Jeff Ong/Postrain Productions

      Jeff Ong/Postrain Productions More

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      in Luxury

      International Treasure? Nicolas Cage Is Unloading His Private Bahamas Island for $7.5 Million

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      Nicholas Cage is feeling the unbearable weight of one massive private island.

      The Oscar-winning actor, who once owned as many as 15 luxury homes, sold off the majority of his real estate portfolio roughly a decade ago to pay back a hefty tax debt. (You might also remember reading how he blew his $150 million fortune on outlandish things like a… dinosaur skull.) But he’s still struggling to offload Leaf Cay in the Bahamas.

      The idyllic island, which is located in the Exumas archipelago about 85 miles southeast of Nassau, was reportedly purchased by the Hollywood heavyweight in 2006 for $3 million. Spanning a total of 30 acres, it offers three immaculate beaches, as well as protected deep water access for anchoring yachts or tenders.

      Leaf Cay comes complete with three beaches. 

      AP/Christie’s International Real Estate

      What’s more, the island is completely undeveloped and essentially a blank canvas for buyers. According to the listing, which is held by Christie’s International Real Estate, there are “full development approvals” to construct five cottages, along with additional support buildings. You also have the green light to convert one of the island’s two large ponds into a marina.
      Leaf Cay is in a great location, too. It’s surrounded by some 365 cays and islands that stretch more than 120 miles and feature some standout attractions. The nearby Bock Cay, for example, is reportedly welcoming a $75 million development that will include a golf course, luxury resort, marina and helipad. Leaf Cay is also surrounded by natural wonders and there is excellent fishing in the nearby Exuma Sound.

      One of the island’s two large ponds can be converted into a marina. 

      AP/Christie’s International Real Estate

      “Leaf Cay represents the last great private island opportunity at a reasonable price for a fee simple island with crystal clear title, like the beautiful waters that surround it,” Christie’s writes on the listing.
      Though Christie’s says Leaf Cay’s price is available upon request, another site called Private Islands Inc. has the island listed at $7.5 million. That means The Unbearable Weight of Massive Talent star will have made a profit of $4.5 million over 16 years. Maybe he can buy himself another dinosaur skull. More

    • 213 Shares149 Views

      in Luxury

      Designed by Gianni Versace, This $70 Million NYC Townhouse Was Restored to Its ‘La Dolce Vita’ Glory

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      New York City’s townhouses are synonymous with luxury living, but a $70 million pad formerly owned and designed by the late, great Gianni Versace takes “la dolce vita” to extraordinary new heights.

      Located on East 64th Street, the six-story Manhattan mansion spans 14,175 square feet, with some 17 rooms spread throughout its haute interiors. Seven plush bedrooms, seven full baths and three partial baths account for more than half of the Italian Baroque-style abode, while the rest is dedicated to grand living and dining room spaces, a library, gym, game lounge, media room and office. Outside, meanwhile, there’s a stunning trellised garden spanning 3,025 square feet and a rooftop gazebo overlooking Fifth and Madison Avenues.

      The limestone façade with Versace-style doors. 

      Eitan Gamliely

      The neoclassical townhouse was built in 1950 and bought by the famed Italian designer for $7.5 million in 1995. As to be expected, the fashion icon fully redesigned the residence, adding plenty of his signature glitz and glamor.
      Custom touches include classical columns, intricate mosaics, marble floors and painted ceilings, to name but a few. The Great Room even features restored 19th-century panels on the roof that were sourced by Versace from a Florentine palazzo and depict an epic Elysian scene. Think of it as the Upper East Side’s Sistine Chapel.

      The grand primary suite 

      Travis Mark

      The manse is being sold by billionaire Swedish hedge funder Thomas Sandell and his wife Ximena. The couple bought the property directly from the Versace family for $30 million in 2005, according to records, before meticulously restoring it to its former glory.
      Nikki Field of Sotheby’s International Realty, who is co-listing the property with her daughter Amanda Field Jordan, told The Wall Street Journal that the Sandells are “Versace devotees” and that “this piece of art” will likely be snapped up by “someone who has that same reverence.”

      The luxe bathroom with double sinks, a black marble countertop and Italian-baroque details. 

      Travis Mark

      This isn’t the first time the townhouse has landed on the market, though. At one point, it was available as a rental with an asking price of $100,000 a month, according to WSJ. So, if you should ever tire of la dolce vita, you could always let Versace’s wonderland for a bit of extra dosh. Sounds like a win-win to us.
      Check out more photos of the property below:

      Travis Mark

      Travis Mark

      Travis Mark

      Travis Mark

      Travis Mark

      Travis Mark

      Travis Mark

      Travis Mark

      Travis Mark

      Travis Mark

      Eitan Gamliely More

    • 150 Shares159 Views

      in Luxury

      Mark Wahlberg’s Palatial Beverly Hills Estate Could Be Yours for $87.5 Million

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      After spending less than a decade in his custom Beverly Hills compound, Marky Mark’s taking his good vibrations elsewhere.

      The rapper-turned-actor, officially known as Mark Wahlberg, recently listed his epic, château-style home for $87.5 million. It has an array of features that make the price tag worth it, too. Situated on more than 6 acres of land in the tony gated community of North Beverly Park, the 30,000-square-foot mansion boasts 12 bedrooms and 20 bathrooms. You’ll also find a movie theater, gym, wine cellar and two-story paneled library within.

      The cozy library. 

      Anthony Barcelo

      But the property’s real selling point might be all that’s located outside. The tennis court, basketball court and five-hole golf course would meet just about anyone’s recreational needs, while the private skate park is ideal for sporty kids or adventurous adults. The resort-like grotto pool, meanwhile, is the perfect place to host guests while enjoying the sunny Los Angeles weather.

      All of the outdoor amenities can be seen from an aerial view. 

      Anthony Barcelo

      The estate was designed by Richard Landry, whom The New York Times has referred to as “the king of the megamansion.” Landry has worked with numerous other celebrities, including Tom Brady, Rod Stewart and Michael Bolton, and his designs have previously been recognized as some of Robb Report’s “Ultimate Homes.”
      Landry told the Times in 2015 that he and Wahlberg “had so much fun” collaborating on the actor’s abode.

      The home at sunset. 

      Anthony Barcelo

      Wahlberg was born in Boston but his ties to LA are strong. He started out as a member of the hip-hop group Marky Mark and the Funky Bunch before transitioning to acting in the mid-’90s. Since then, he’s been nominated for two Oscars, three Golden Globes, nine Primetime Emmys and three Screen Actors Guild Awards. He received a star on the Hollywood Walk of Fame in 2010.
      The A-lister’s manse is being represented by Kurt Rappaport at the Westside Estate Agency. The brokerage has called the sale “a once in a lifetime opportunity to acquire one of the great estates in Los Angeles.”
      Given the compound’s size, the buyer would have a lot of privacy to enjoy, but they’d also be in pretty good company: New neighbors would include the likes of Denzel Washington, Justin Bieber and Sofia Vergara.
      Who needs the Funky Bunch?
      Check out more photos of the estate below.

      The grand entryway. 

      Anthony Barcelo

      The spacious kitchen features two islands. 

      Anthony Barcelo

      The wine cellar. 

      Anthony Barcelo

      The resort-like grotto pool. 

      Anthony Barcelo More