Landscape Architect & Specifier News

JAN 2016

LASN is a photographically oriented, professional journal featuring topics of concern and state-of-the-art projects designed or influenced by registered Landscape Architects.

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92 Landscape Architect and Specifier News Douglas Elliman Real Estate is asking $36 million for this Bal Harbour, Fla., spec home ($43 if the new owner also takes possession of the 55-foot VanDutch yacht berthed at the dock, a Warhol silk screen and a 1948 Jaguar XK120 in the garage). Note: Warhol's former Oceanside "estate" (a 1930s fishing village with cottages and a main home) in Montauk just sold for $50 million, a record for Montauk real estate. I n f o r m a t i o n R e q u e s t # 5 4 2 Jay Belson Luxury Development is seeking $45 million for this Beverly Hills seven-bedroom spec home. Construction begins in March. RENDERING: SHUBIN AND DONALDSON, ARCHITECTS Spec Homes, Coast to Coast As we go to press, two spec homes are in the news: one in Beverly Hills, and one in Miami. Jay Belson Luxury Development, which began in 2009 and specializes in developing luxury estate properties in Beverly Hills, Bel Air, Holmby Hills and "above the Sunset Strip," is demolishing a Beverly Hills home and building a $45 million spec home beginning in March 2016. The developers bought the property for $8.05 million. The 15,600 sq. ft., seven-bedroom home will be situated on a half-acre promontory with ocean, city and canyon views. Plans call for a master bedroom with a private terrace, a built-in hot tub and outdoor fireplace, and a breakfast bar with the iPad-controlled coffee station. Amenities will include a two-lane indoor bowling alley, a 20-seat home theater, a gym with lockers and a massage room. The developers will sell the home fully furnished. The other spec home is already built, and on the other coastline. This 13,800 sq. ft. Bal Harbour, Fla., waterfront home has seven bedrooms, staff quarters, a large outdoor dining and entertaining space, a bay-front 70-foot-long infinity-edge pool, a private dock, two interior courtyards, each with a koi pond, terraces, a roof deck with a Jacuzzi and fire pit. Technology in the home includes a front door that only opens upon facial recognition. BTY: 1.4 million households are in the 1 percent (.01) income group, averaging $1.3 million (annual income). This map http:// tinyurl.com/nglenlg shows what one must earn in each state to be in the one-percent club. The most elite, the one-tenth of one percent (.001) group (1,361 U.S. households) average $161 million a year (IRS data, 2012.)

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