Buying Luxury Real Estate

PER BARRONS MAGAZINE MAY 25^TH-2009

Bargain Hideaways

By KAREN HUBE

Snag swanky summer digs at a discount while you can, before the sector snaps back. And, frustrated sellers resort to creative means to move their mansions.

LAST-MINUTE SHOPPERS, TAKE HEART: Plenty of swanky summer digs are yours for the taking. From Carmel, Calif., to Newport, R.I., second homes with yachting docks, tennis courts, golf courses and infinity pools -- to say nothing of the obligatory spectacular view -- are languishing on the market. Prices are down an average of 20%, and as much as 30%, from their 2007 peak. Cash-strapped sellers, anxious to find buyers by summer, are slashing prices still further and often accepting low-ball offers, according to brokers across the country.

See Examples below---CLICK ONTHE IMAGES TO SEE PROPERTY WEBSITES with SLIDESHOWS

Privacy, luxury & rare deep water dockage with this spacious 3 story Mediterranean style estate situated on a peninsula on the Atlantic with over 5,550 square feet of living space. Features include a granite kitchen, wet bar & a built-in aquarium on the main level and a spacious master suite on the 3rd level equipped with a wet bar, refrigerator, office and endless views! This home has superior construction, 4 garage,electric shutters,and over 12,000 square feet of land framed with mature palm trees and beautful landscaping. This setting of deep water and protected dockage with an ocean front home is very rare for the Florida Keys.

CONTEMPORARY OCEAN FRONT ELEGANCE IN A GREAT LOCATION FOR BOATING ACCESS TO FLORIDA BAY! ENJOY ENDLESS OCEAN VIEWS FROM THE OPEN TERRACE WITH RARE & PROTECTED DEEP WATER DOCKAGE RIGHT AT YOUR BACK DOOR. THIS SPACIOUS 4BR HOME HAS AN OCEAN SIDE MASTER SUITE, VAULTED CEILINGS, MARBLE FLOORS, AND A LOFT AREA. DOWNSTAIRS HAS COVERED PARKING, A GARAGE, STORAGE RM, LANDSCAPING, FENCE & ELECTRIC GATE.

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Buying Luxury Real Estate