The Celebrity Beat: Relocation.com's Celebrity Real Estate Report

This week we are loving the gorgeous pictures of the castle Kentucky that is currently on the market. Constructed by Rex and Caroline Martin after their trip to France the home was left unfinished after the couple divorced a few years later. Now listed for $30 million, the massive castle is currently run as an inn and bed-and-breakfast that is being looked at by several interested buyers. On the rest of the Beat we featured celebrity homes for sale in California. Molly Sims recently listed her Hollywood Hills home as did Meatloaf and Burt Reynolds. As we get into spring, we are excited to check out what new properties will be featured on the Beat. Until next time…

•    Kentucky’s Versailles Castle for Sale
After a trip to Versailles, France in 1968 Rex and Caroline Martin were inspired to create their own castle right in Kentucky. They later divorced in 1975 and the uncompleted castle was left unused until Rex’s death in 2003. According to Zillow.com, it was later sold for $1.8 to Thomas Post who rebuilt it as a bed-and-breakfast/inn that has since been open for rentals and special events like weddings and fundraisers. Located on Versailles Road between Lexington and Frankfort, the stunning 50-room castle is now on the market for $30 million, according to Kentucky.com. There are talks that at least two people from South America are interested in purchasing the castle and if they do they can look forward to a 50-acre estate with stone walls, gardens, fountains, a tennis court and a huge pool. The new buyer can also look forward to having a game room, a library, a dining room as well as opulent window and home furnishings.

•    Molly Sims Listed Her Hollywood Hills Home for $2.8 Million
Model and actress Molly Sims recently placed her gorgeous Hollywood Hills home on the market for $2.8 million. The Spanish-style home, built in the 1930s, includes three bedrooms, 3.5 bathrooms, and a modern kitchen with Viking appliances. The immaculately-styled home was also featured in InStyle magazine.

•    Kourtney Kardashian Buys a New Home
Kourtney Kardashian of “Keeping up with the Kardashian” fame recently purchased a new home for $1.7 million. Located in Calabasas, California, the four bedroom, 4.5 bathroom room also includes an office, library, guest room, fitness room and a media lounge. The 5,334-square-foot home also includes a wine cellar, a fireplace, a game room, and a modern kitchen with stainless steel appliances and a breakfast nook as well as gorgeous views of the hills.

•    Meat Loaf is Selling his California Estate
Singer and current participant of “The Celebrity Apprentice” is currently moving from his Calabasas, California estate. Listed for $3.2 million, the 7,142 square foot estate includes seven bedrooms and seven bathrooms that once featured in Architectural Digest for its impressive décor. The new owner can also look forward to a three-car garage, a formal living room, a fireplace, a media room, and a custom-made kitchen.

•    Burt Reynolds’ Home for Sale at $10.9 Million
Burt Reynolds recently listed his Los Angeles home for sale for $10.9 million. His modern 20,580-square-foot glass home features stunning views of the city and the ocean. The home was recently designed by Steve Hermann who updated the home to feature numerous amenities such as a state-of-the-art kitchen and a large family room. The home also has four bedrooms and four bathrooms.

Don’t forget to like us on Facebook and follow us on Twitter!
•    Follow us on Twitter @Relocation_News
•    Become a fan of Relocation.com on Facebook

The Celebrity Beat: Relocation.com's Celebrity Real Estate Report

The wacky and wild world of celebrity real estate did not disappoint this week. First, we have Charlie Sheen and his never-ending media circus has once again made the news – except this time it is within the real estate segment. He recently purchased a 9,020-square-foot mansion in Sherman Oaks, California that is reportedly for his ex-wife and their two children. On the rest of the Beat you will find homes listed on the market – ranging from Jennifer Aniston’s $42 million mansion to Julianne Moore’s $12.5 million dollar NYC townhouse. Those amounts are a bit out of our price range but we look forward to reporting on who the lucky buyers are. Stay tuned…

•    Charlie Sheen Buying a New Mansion
Much has been said about the drama involved around Charlie Sheen and his media circus and now he is making news within the real estate market with his recent purchase of a mansion in Sherman Oaks, California. Purchased for his ex-wife Denise Richards, the $7,495,000, 9,020-square-foot estate includes an elevator, six bedrooms, nine bathrooms, a library, a formal living room and a gourmet kitchen. The two-story gated home also includes a formal backyard with a swimming pool and spa.

•    Jennifer Aniston Lists Beverly Hills Mansion for $42 Million
Jennifer Aniston has recently been featured on the Beat as she has been scouring NYC for a new condo. No word yet on whether a home has been picked but there is news this week that she placed her Beverly Hills estate on the market. Listed at a whopping $42 million, the 10,000-square-foot Asian and Balinese-inspired home includes five bedrooms, 7.5 bathrooms, two living rooms, a gourmet kitchen and a home gym. The home is also said to include state-of-the-art smart house technology, an extensive security system, tons of storage space, a three-car garage and an outdoor swimming pool. Originally purchased in 2006 for $13,500,000, we’ll be sure to let you know who buys this luxurious (and expensive) property.

•    Julianne Moore’s West Village Home is on the Market
Actress and children’s book author Julianne Moore originally listed her five-floor West Village townhouse for $11.995 million in 2009 – unable to find a buyer the home has been re-listed for $12.5 million. Built in the 1800s, the six-bedroom, 3 bathroom home, includes a gorgeous 49-foot garden, eat-in kitchen, a high-tech security system, a home office, media room and a laundry room.

•    Tom Brady Selling Time Warner Center Condo
NFL star Tom Brady recently listed his three-bedroom condo for $14 million. Purchased in 2006, the condo, located in Time Warner Center, was then re-listed shortly after in 2007 where it has since been rented for $50,000/month. It has been reported by the Journal that the condo has a seller who is expected to enjoy a home with incredible light, oak flooring, a modern Chef’s kitchen with state-of-the art appliances, granite counter-tops and customized cabinetry.

•    Cher’s Former Home Reduced to $10.2 Million
The Gorce Island mansion home formally owned by Cher in the 1990s has recently listed has recently been to $10.2 million. Located off of Miami Beach, the luxurious 11,460-square-foot mansion, owned by investor Armin Mattli, includes upgrades of about $1 million dollars, a 60-foot pool, and 158-feet or water front. The three-story home also has six bedrooms, seven bathrooms and a two-story hall embraced with double staircases. Originally listed for $16.9 million in 2008 and then for $11.5 in July – making this recent drop at least 40 percent below the market price.

Don’t forget to like us on Facebook and follow us on Twitter!
•    Follow us on Twitter @Relocation_News
•    Become a fan of Relocation.com on Facebook

The Celebrity Beat: Relocation.com's Celebrity Real Estate Report

By Serena Norr

This week the sports media was buzzing with the trade of Carmelo Anthony from the Denver Nuggets to the NY Knicks.  Now that Anthony is back in the Big Apple he now needs a place to live and has reportedly been looking for a high-priced NYC rental for about $30,000 a month. We aren’t sure what he will choose but there is buzz that he has been eying the uber luxurious Soho Mews and 158 Mercer (the same building where Bon Jovi lives). The rest of the Beat takes us to California where reigning pop queen Britney Spears and celebrity stylist Rachel Zoe both recently purchased new mansions. There were also homes listed on the market in California by TV stars Dave Coulier and Mischa Baron whose home is described as a “modern villa.” Until next week…

•    Carmelo Anthony Looking to Rent
Much has been said about trade of Carmelo Anthony from the Denver Nuggets to the NY Knicks. With everything in place, Carmelo and his family are now looking to rent in NYC for about $30,000 a month. He has been reportedly scouting 158 Mercer St., the same building where Jon Bon Jovi lives and SoHo Mews where Justin Timberlake has a place.

•    Britney Spears Buys in Hollywood Hills
Oops she did it again but this time it is an expensive real estate property. Purchased for $12,900,000, the Hollywood Hills home includes 19,107-square-feet of living space, 10 bedrooms and 13 bathrooms that is situated on a 3.39-acre village-like estate. The gated Tudor-style home also includes an arcade, a modern kitchen, a fitness center, a poker playing room, guest quarters, a swimming pool and spa.

•    Rachel Zoe Moves to Beverly Hills Mansion
Celebrity stylist Rachel Zoe is on the move. The pregnant Zoe and her husband recently left their one-bedroom apartment and relocated to a huge 7,185-square-foot mansion in Beverly Hills. The two-story contemporary mansion includes five bedrooms, 6.5 bathrooms and two walk-in closets. The complex also includes a formal living room with a fireplace, a private terrace, private facilities, a well-lit kitchen and a two-car garage. The property also includes a backyard with luscious greenery, a swimming pool and spa. It was also reported that Zoe paid $8,250,000 for the property.

•    Mischa Barton Looking to Sell Beverly Hills Estate
Former “OC” actress Mischa Baron is looking to sell her gorgeous Beverly Hills estate for $8,695,000, or for lease at $30,000/month. Located in the gated Beverly Glen community of Bowmont Estates, the home includes an ivy-draped main house, 8 bedrooms, 10 bathrooms, and 9,800-square-feet of living space. There is also a modern kitchen, guest houses, an outdoor swimming pool, and spa. According to listing information, the main house and three guesthouses total 8 bedrooms.

•    Dave Coulier Places Encino, California Home on the Market for $1.65 Million
Dave Coulier, better known as Uncle Joey on the popular show “Full House,” has recently placed his Encino, California home on the market for $1.65 million. The remodeled and gated home includes 4,000-square-feet of living space, six bedrooms, three bathrooms, an office, living room and dining room, and an outdoor space with a patio and a swimming pool.

The Celebrity Beat: Relocation.com's Celebrity Real Estate Report

By Serena Norr

This is the first time on the Beat when an apartment was listed on the market that was NEVER lived in. The apartment in question is owned by the fashion maven Karl Langerfeld who recently listed his NYC penthouse for $5.5 million dollars. New York City is also the location where Jennifer Aniston is reportedly looking to buy. She allegedly placed an offer on a 2,950-square-foot complex in the West Village for $14,950,000 and is looking to sell her mansion in Beverly Hills.  Another interesting property on the Beat is the Beverly Hills home of Elvis and Priscilla Presley that can now be rented out for $25,000 a month. Not a cheap rental by any means, this property is a one-of-a-kind listing where the new renter will shack up in same abode where The King lived for years. Do you know of a hot property on the market? Email me at serena.norr@relocation.com. Until next week…

•   Karl Langerfeld Lists Never-Lived-In Apartment for $5.5 Million
Fashion maven Karl Lagerfeld recently placed his never-lived-in NYC apartment on the market for $5.5 million dollars. Located at 50 Gramercy Park North, the three-bedroom 3.5 bathroom co-op was originally purchased fin 2006 for $6.575 where Langerfeld was reportedly going to retire. The designer has since changed his tune and decided to stay in Paris – leaving an immaculate and untouched sixth-floor residence. The space includes custom bookcases personally designed by Lagerfeld, spacious closets, views of Central park and dramatic floor-to-ceiling windows. It is also reported by the NY Post that “Chanel will be doing an “installation of images” in the apartment, and closets will be filled with Chanel bags, shoeboxes and garment bags.”

•    Katie Lee Sold New York Townhouse for $11.65 Million
Lifestyle cook and Billy Joel’s third ex-wife Katie Lee recently sold the New York townhouse she received as part of her divorce. Purchased in 2006, Joel originally paid $5.9 million for the West Village home that was since renovated and redesigned by celebrity designer Nate Berkus. The massive 4,000-square-foot four-floor townhouse includes four bedrooms, four bathrooms, four fireplaces, a covered pool, a chef’s kitchen with a six-burner Wolf stove, custom cabinetry and wine storage an elevator and a landscaped garden. The undisclosed new owner paid $11.65million for the home.

•    Elvis’ Beverly Hills Estate Available for Rent at $25,000/month
The LA Times recently reported that Elvis and Priscilla Presley’s gated compound in Beverly Hills is up for lease for $25,000 a month. Built in 1958, the recently remodeled estate sits on 1.18-acres of land that overlooks the city and ocean. The house also includes four bedrooms, five bathrooms, a family room, a dining room, a media room, a guesthouse, floor-to-ceiling windows, a new kitchen and laundry room, a pool and spa and 5,367-square-feet of living space.

•    Jennifer Aniston Might be Buying in NYC
Word on the street is that Jen Aniston might be looking to buy in NYC. She reportedly placed her 9,000+ square foot Beverly Hills mansion on the market and has placed an offer on a pre-war duplex penthouse in the West Village for $14,950,000. According to listing information, this 2,950-square-foot complex includes four bedrooms, 4.5 bathrooms, two fireplaces, two terraces and two floors. The apartment also recently underwent a huge renovation to include a contemporary eat-in kitchen, marble counter tops and hardwood flooring. Since this is all speculation, we eagerly await news on this breaking real estate story.

•    Neil Patrick Harris Buys a New Home in Sherman Oaks
Neil Patrick Harris, star of “How I Met Your Mother” and “Doogie Howser, M.D.” recently purchased a suburban home in Sherman Oaks, California. The 4,286-square-foot home includes six bedrooms and 4.5 bathrooms for $2,100,000. Built in 1991, the home sits on one-third of an acre of land that includes a two-car garage, an eat-in kitchen, French doors and a spacious backyard with a spa and a swimming pool for Harris and his two new children.

Don’t forget to like us on Facebook and follow us on Twitter!
•    Follow us on Twitter @Relocation_News
•    Become a fan of Relocation.com on Facebook

The Celebrity Beat: Relocation.com's Celebrity Real Estate Report

By Serena Norr

We saw some exciting properties listed on the celebrity real estate market this week. Starting with novelist Truman Capote whose Brooklyn Heights home was recently listed on the market for $15.9 million – a drop from its original listing of $18 million. Considered one of the most expensive homes for sale in Brooklyn, the gorgeous Greek Revival is said to be the home where Capote lived from 1955-1965 and where he also wrote “In Cold Blood” and “Breakfast at Tiffany’s.”  Kate Moss, the professional waif was also on the Beat this week for purchasing an historic mansion in London. Once owned by several literary figures, the home is situated on Highgate Hill and includes seven bedrooms and seven fireplaces – among many other attributes of this four-floor mansion. There were also numerous homes placed on the market from Los Angeles such as Rose McGowan’s Spanish-style home and Kyle Richards’ (of the Real Housewife fame) Los Angeles cul-de-sac and we are eager to see who purchases these hot properties. Until next time…

•    Truman Capote’s Brooklyn Home Drops to $15.9 Million
Truman Capote’s former Brooklyn Heights residence was recently placed on the market for $18 million – only to see a recent drop to $15.9 million. A Greek Revival townhouse, built in 1839, the 9,000- square-foot home includes 11 bedrooms, 11 fireplaces, columned porches, mahogany staircases, two kitchens, crystal chandeliers, an artist’s studio, a library and a gorgeous garden. The sale of the historic home is being maintained by Sotheby’s Realty that is said to be the most expensive townhouse for sale in Brooklyn.  Capote lived in the home from 1955-1965 where he wrote “Breakfast at Tiffany’s” and “In Cold Blood.”

•    Rose McGowan Lists Los Feliz-Area Home
Actress Rose McGowan recently listed her Los Feliz-area home for $1,849,000 million. Purchased in 2004, the home features both Spanish and Moroccan architectural elements that cover the four-bedroom with wood doors, three-bathroom home. The vintage-inspired home also includes a formal dining area, arched windows and 4,278-square-feet of living space. The home also includes a renovated kitchen and dining room and French doors that opens to a balcony on the second floor.

•    Katey Sagal Sells Her Hollywood Hills Home for $3.77 Million
Actress Katey Sagal and her husband Kurt Sutter have recently sold their spacious Los Angeles home for $3.77 million to Rickey Minor, former music director of “American Idol.” Measuring at over 7,202-square-feet, this five-bedroom, eight-bathroom home is located on a gated property that leads up to the wooded hillside property. Built in 1962, the home is situated on 1.5 acres of land that also includes a dining room, a two-sided fireplace, a built-in contemporary breakfast area and an outdoor area with a basketball court, swimming pool and spa that also happen to overlook the gorgeous LA hills and the ocean.

•    Kate Moss Buys a Historic Literary Mansion in London
Model Kate Moss recently purchased a 6,728-square-foot home in London for £7,950,000. Situated on Highgate Hill, one of the highest points in London, the mansion is considered an historic home where numerous literary figures once lived. The historic four-floor home includes seven bedrooms, seven fireplaces, two kitchens and four full-sized bathrooms. There is also a wine cellar, boiler room, storage space and guest quarters that includes two bedrooms, two bathrooms, a laundry room and a kitchen/dining area. Moss also owns a 10-bedroom farmhouse in Little Faringdon and a property in St. John’s Wood/Primrose Hill area of London, which is expected to go on the market shortly.

•   Kyle Richards, a Real Housewife of Beverly Hills is Looking to Sell
Kyle Richards of the “Real Housewives of Beverly Hills” recently placed her four-bedroom, five-bathroom home on the market for $2,450,000. Located in Los Angeles, the 4,200-square-foot remodeled home also includes a formal dining area, an office and a resort-style back yard with a pool, barbecue area and a spa. The home, located at the end of a quiet cul-de-sac, was first listed for sale in 2009 for $3,450,000, which later dropped to its current listing price.

The Celebrity Beat: Relocation.com's Celebrity Real Estate Report

By Serena Norr

California was a hot real estate destination on this weeks Beat. From Jack Black to  Lindsay  Lohan to Orlando Bloom to Drew Barrymore it seems that everyone was either buying or selling or placing their homes up for rent in Cali. Not only homes, this week it was reported that a massive yacht – 193-feet to be exact – was purchased by Google’s co-founder Larry Page. According to the New Zealand Herald, Page reportedly spent $45 million for his luxury liner that comes equipped with a fitness and massage room, on-deck Jacuzzi and a helicopter landing pad. Until next week…

•    Jack Black Purchases Home in California for $5.9 Million
According to the LA Times, actor Jack Black recently purchased Flea’s (from the Red Hot Chili Peppers) California home for $5.965 million. The Los Feliz-area home includes seven bedrooms and three bathrooms, along with solar panels, a pool, a motor home and 6,500-square-feet of living space.

•    Orlando Bloom List Hollywood Home for Lease
English actor Orlando Bloom recently placed his Hollywood Hills Home up for rent for $18,000 a month. The private and gated estate, situated on a hill includes 3/4 of an acre of gardens, an outdoor pool, spa and a gourmet kitchen fitted with custom cabinets. The home, purchased for $2.75 million in 2007, also includes four bedrooms, four bedrooms, including a master suite with a large walk-in closet that overlooks the pool and 3,200-square-feet of living space that sits on a spacious three-quarter-acre lot.

•    Drew Barrymore Buys Home New Home in California
Actress Drew Barrymore recently purchased a two-plus acre estate in Montecito, California for $5,705,000 (originally listed for $6.9 million). The Monterey Colonial style mansion includes six full-sized and two half bathrooms, five bedrooms, three fireplaces, a two-car attached garage and a guesthouse. Encompassing 6,000-square-feet, the traditional L-shaped mansion also includes a formal dining room with walnut flooring, a library and an outdoor area with a gorgeous garden and backyard terrace.

•    Google Co-Founder Larry Page Buys 193-Foot Yacht
According to the New Zealand Herald, Larry Page, the co-founder of Google recently purchased a 193-foot yacht called the Senses for $45 million. The massive white boat or what some may call a ‘floating mansion,’ includes indoor and outdoor dining areas, an office, a fitness and massage room and an on-deck Jacuzzi. The Senses can also fit 14 crew members and 10 guests and includes a helicopter landing pad. Page, who lives in Palo Alto, also owns a 8,149-square-foot mansion with six bedrooms and four full-sized bathrooms that he purchased for $6,800,000.

•    Lindsay Lohan Rents at the Beach
Actress Lindsay Lohan (who was also recently released from the Betty Ford clinic), scored a new rental in Venice for $7,100 per month. The modern 3,100-square-foot high-rise home includes four bedrooms and 3.5 bathrooms that also includes a steel fireplace, huge windows and a modern kitchen with mahogany cabinets.

Don’t forget to like us on Facebook and follow us on Twitter!
•    Follow us on Twitter @Relocation_News
•    Become a fan of Relocation.com on Facebook

Smaller Homes Preferred Over McManions

Could it be true? Has the “McMansion Era” finally come to an end? Surprisingly, recent survey results reveal that a majority of Americans prefer smaller homes.

During the 80s and 90s, large, opulent homes, dubbed “McMansions,” were what many U.S. homebuyers wanted. However, in our recent consumer lifestyle survey of nearly 1,500 Americans between the ages of 18 and 60, 48 percent indicated that their ideal home size would range from 1,000 to 1,999 square feet, while less than a third said they’d want a 2,000 to 2,999-square-foot home.

What do you think – have the days of the 3,000+ square-foot McMansions come and gone?

Additionally, the survey found that cost of a residence is NOT the #1 deciding factor when purchasing a home. In fact, only 29 percent of respondents stated that living costs was the most important reason when relocating. We also found that Americans prefer to live in the suburbs (54 percent of respondents) and only 24 percent of those who responded preferred to live in an urban area.

Are you as surprised by these findings as we were? What do you think this means for Americans and real estate in the next five to 10 years?

(Click here for full survey results)

Moving to Hawaii: Know Your Islands

Guest Bloggers: Aloha Living

Try as you might, but you can’t drive from Waikiki to check out the volcanic eruption at Kilauea. Hollywood is partially to blame for the widespread impression that all the many wonders of Hawaii can be found on a single island. In fact, there are actually eight major islands (and countless smaller islands and atolls) that make up the Hawaiian Islands.

Each island is very different. Whether you’re trying to decide where to visit on your next island vacation, or looking to buy your first Hawaii property or picking a place to buy a home in Hawaii, here’s a quick guide to islands of Hawaii.

Oahu

The most populated Hawaiian Island is probably the one most people are familiar with, home to the bustling tourist mecca of Waikiki, the historic World War II sites of Pearl Harbor, the world famous surf on the North Shore, and much more. There are over 870,000 people living on Oahu, most living and working in the capital city of Honolulu along the south shore of the island.

For the first-time visitor or home buyer, Oahu is usually your safest bet. On the tourist side, the island offers everything from unspoiled natural beauty to a modest nightlife, from high-end stores to a huge variety of one-of-a-kind boutique shops. You can also strike out on your own, or take advantage of countless organized activities and managed attractions.

When it comes to real estate, Oahu has $80,000 condos, $80 million estates, and truly everything in between. Whether you want to live in a high rise, on the beach, on a mountain ridge or deep in a valley, there’s plenty to choose from. Honolulu real estate offers the widest selection and largest inventory of any island. (As a result, it also has the most Hawaii foreclosures.)

Oahu has the most developed infrastructure, with solid public transportation, fairly ubiquitous Internet connectivity, low unemployment and a wide range of industries (though tourism and the military still dominate). Everything in Hawaii is expensive, but often less expensive in Honolulu, as most things shipped to the state comes through its airport and ports.

You get all the comforts of any American city, but of course, that means Honolulu is also the most crowded, has the worst traffic, and – by sheer math – has the most crime. But don’t panic. In 2010, Forbes magazine still named Honolulu the country’s third safest city.

The Big Island

The largest and youngest Hawaiian Island is the island of Hawaii. Of course, that’s also the name of the state, so most people refer to it as The Big Island. It’s the second most populous island, but that population is spread out over a much larger area. How big is it? All of the other Hawaiian Islands could fit on top of it, with a little room to spare. That’s a lot of Hawaii real estate!

Thanks to all that space, the Big Island offers the widest variety of climates and topographies. There are vast barren deserts, lush tropical rainforests, white sand beaches and snow-capped mountains. (Yes, snow in Hawaii.) Many locals roughly divide the Big Island into East Hawaii and West Hawaii, though of course there’s endless variety in between.

East Hawaii is the green, rainy, slower-paced side of the island. Hilo is the main city, situated on Hilo Bay, and it’s the second largest city in Hawaii. Even so, it feels like a small town. This side of the island is home to Hawaii Volcanoes National Park, perhaps the main attraction on the island. As far as real estate, it offers everything from affordable but empty and remote lots to multi-million dollar ocean-view estates.

West Hawaii is the sunny, dry, resort side of the island. It’s got the blue skies you expect from Hawaii postcards, and is home to several high-end resorts and resort communities. Kailua-Kona is a bustling commercial and tourist town, and further up the coast, huge developments offer a wide range of condos – popular as vacation or investment properties.

Maui

Once considered a runner-up to Oahu, Maui and its many amenities has – in many ways – surpassed the capital city in both appeal and value to both tourists and real estate investors alike. It’s the second largest of the Hawaiian Islands, and has the third largest population.

In terms of visitor attractions, Maui may very well be growing the next Waikiki. There are several resort areas, from Kihei, Wailea and Makena to the south, to Lahaina, Kaanapali and Kapalua to the west. All offer the great escape at moderate to high prices, with gorgeous beaches, and great scenery. The whole island has a lot to offer ocean lovers, shoppers, and sightseers. The infamous road to Hana and the summit of Haleakala are unique ways to get away from it all.

For those that want to call Maui home, the island’s real estate market is strong, with median prices below but easily comparable to those on Oahu. Maui sees as much activity in condos as it does in single family homes, with continuing high-end resort development bumping up property values in many neighborhoods. There is an abundance of vacation rental properties on Maui, even though they are heavily regulated.

Maui also has among the highest numbers of Realtors per capita of any island, let alone any region in the country. With as many as three percent of Maui residents carrying real estate licenses, you’ll either have a lot of options, or a lot of competition.

Kauai

Kauai is the oldest and among the smallest of the main Hawaiian Islands. Essentially a round dot on a map, the island is about 70 miles around, with one main highway wrapping most of the way around (though the Na Pali coast on the northwestern rim of the island is undeveloped).

Home to one of the wettest spots on earth, its lush green landscape is cut with deep valleys and tall waterfalls. Kauai also has some of the longest and widest stretches of white sand beaches in the state. Some of the most dramatic mountain vistas can be found on Kauai, towering over the many small and diverse towns scattered along its rim.

A popular destination for people looking to get away from the typical tourist traps, Kauai is more rural but nonetheless has an economy that relies largely on tourism. Indeed, Kauai has the most pronounced love-hate relationship with development. On one hand, many people are flocking to nab their piece of paradise, mostly in gleaming resort condos along the north ends of the island. On the other, strict regulations and occasional protests often stop construction and commerce in its tracks.

Island real estate on Kauai is always in flux, because there’s so little of it. The most active properties are condos, ranging from modest apartments to luxury oceanfront resorts. Nonetheless there is a healthy range of single-family homes, as well as more than a few multimillion dollar estates.

Molokai

There isn’t a single stoplight on Molokai, and what few businesses there are often close up shop before sunset. With a population of about 7,000 people, it’s just about the most rural main island you can easily visit, and it is often described as the most Hawaiian island as well.

Much of the island is inaccessible, or accessible only by boat, small plane, or donkey. But the island’s largely untouched natural beauty is second to none. As on Kauai, the few permanent residents on Molokai have long resisted large-scale developments, turning away planned resorts and offering instead small hotels, and condo and vacation home rentals.

There isn’t much to do on Molokai, but that’s the point. You can admire the striking sea cliffs and tall waterfalls, or make a pilgrimage to the historic town of Kalaupapa (where Saint Damien tended to the sick). You can go hiking, biking, swimming or sunbathing. But generally the less you do, the happier you’ll probably be.

In terms of real estate, the market is very small, and fairly slow moving. There are usually fewer than 200 active listings at any given time, most clustered at the remote and dry west end of Molokai or along the central south shore. Considering the deliberately slow pace of growth, you probably wouldn’t buy a Molokai property as an investment. And you really shouldn’t consider living there without spending a lot of quality time experiencing the place.

Lanai

Like Molokai, Lanai also boasts of its lack of traffic lights. Its population hovers below 3,000. But Lanai is also the home to two incredibly luxurious world-class resorts.

The island has been privately owned for much of modern history, much of it serving as the world’s largest pineapple plantation for much of the 20th century under James Dole (of the Dole Food Company), and now as a world-class getaway under billionaire David Murdock.

Apart from condos within the resort complexes, most of the properties available for sale on Lanai are single family homes, many in Lanai City. Prices range from a quarter of a million dollars for a modest cottage to nearly three million dollars for a custom oceanview home. There are also luxury homes clustered around the resorts in Koele and Manele.

Niihau

The smallest of the inhabited Hawaiian Islands, Niihau has been wholly owned by the Robinson Family since 1864. Most of its 130 or so residents speak Hawaiian as their first and only language, and very few people outside the family ever get to visit.

Kahoolawe

The smallest of the eight main Hawaiian Islands, Kahoolawe is uninhabited. For more than 50 years, the U.S. military used the island for target practice, hitting it with bombs, missiles, and massive test explosions. In 1994, the U.S. military formally handed control of Kahoolawe back to the state of Hawaii, and modest efforts are now underway to recover and restore what remains of its historic, cultural and natural resources.

The Celebrity Beat: Relocation.com's Celebrity Real Estate Report

By Serena Norr

Pricey real estate listings seem to be theme  in this edition of “the Celebrity Beat.” Starting with Candy Spelling’s mega-mansion — a 14-bedroom, 27-bathroom home that has been on the market since 2009 and recently placed on the multiple listing services (MLS). Asking price? A cool $150 million, which her lawyer recently stated “is not a lot for the home.” Another expensive property we noticed this week was the sale of the Olsen twins’ NYC penthouse. On the market since 2005, the home was listed for $11 million in 2007 that was finally sold to a property developer for $8.4 million. Meg Ryan is also in city, but as a renter. She is reportedly leasing an apartment in Soho for $25,000 a month while her home in California is on the market. Well, all of these millions are making us realize that we have a lot to save in our piggy banks before we can purchase a home – much less a million-dollar one. Until next week…

•    Katy Perry and Russell Brand Purchase Home in NYC for $2.9 Million
Pop singer Katy Perry and her fiancé comedian Russell Brand (of “Take Him to the Greek”)  recently purchased a 1,500-square-foot duplex in TriBeCa. This luxurious and renovated two-bedroom, two-bathroom penthouse cost the pair $2.9 million that RealEstalker describes as an “oddly shaped.” The modern penthouse includes the standard real estate amenities like built-in bookcases, stainless steel appliances, large windows, exposed beams and high ceilings. The penthouse also includes a gorgeous cherry wood staircase that leads up to the master suite — that is lacking a closest. The lack of storage space probably doesn’t bother the couple that will spend most of their time in their recently purchased 4,706-square-foot house in Los Angeles.

•    Angie Harmon and Jason Sehron List Home for $3.9 Million
Actress Angie Harmon and her husband Jason Sehorn have recently placed their Hidden Hills, California home on the market for $3.9 million. The real estate listing describes this Cape-Cod style home as a “pastoral setting with no nearby sidewalks and street lights” that is also located near equestrian trails. Purchased in 2005, the 6,872-square-foot home sits on 1.5 acres of land that includes a pool, an office, hardwood flooring, five bedrooms and 4.5 bathrooms. To match its natural setting, the home includes a barn, a sprawling lawn and a tree-lined driveway.

•    Olsen Twins Sell West Village Penthouse for $8.45 Million
Michelle Tanner better known as Mary Kate and Ashley Olsen recently sold their five-bedroom NYC penthouse for $8.45 million (that “Full House” franchise sure did them well.) The 5,700-square-foot penthouse – located at 1 Morton Square – has been on the market since 2005 that was listed in 2007 for $11,995,000 that has finally found a buyer with property developer Bruce Eichner for a lowered, but still expensive price tag.

•    Meg Ryan Renting NYC Apartment for $25,000 a Month
According to Housing Watch, America’s former sweetheart, Meg Ryan, is now renting an apartment in Soho. This rental agreement will have Ryan paying $25,000 a month for a three-bedroom, 3.5 bathroom unit. This place, though, isn’t a typical rental – it includes 2,500-square-feet of living space, a private bar and lounge, an on-site pool, sauna that is housed in a glass building.

•    Candy Spelling Places Home on the Market for $150 Million
Candy Spelling, wife of the late Aaron Spelling, recently placed her California mega-mansion on the MLS for $150 million. Dubbed “the Manor,” the four-floor home, located in the posh Holmby Hills, includes 14 bedrooms, 27 bathrooms (!) and 56,500-square-feet of living space. On the market since 2009, Spelling recently placed it on MLS in hopes of a sale but did not lower the price — with a response from her lawyer stating that “this is not a lot for the home” [Wall Street Journal]. Of course for a $150 million-dollar home there has to be extras and this estate has plenty. Amenities like a billiard room, arcade room, doll museum, a bowling alley, an art studio, a tennis court, a personal gym and a 16-car garage are just some of the extras found in this mega mansion. Spelling also reportedly purchased a-yet-to-be-completed penthouse in Century City where she is looking to downsize, which to Spelling is a $47 million dollar condo with 16,500-square-feet of living space. Spelling will customize the condo with her own architects and designers that is expected to be completed in two years.

The Celebrity Beat: Relocation.com's Celebrity Real Estate Report

By Serena Norr

What would you do if you had $312 million dollars? Most people would invest or travel or save or buy a nice piece of real estate. But if you are Greek billionaire Constantine Alexander-Goulandris you wouldn’t use the money for all of those luxurious items, but rather, use it to purchase a penthouse in Monte Carlo. Dubbed as “the world’s most expensive penthouse,” Alexander-Goulandris’ new pad includes six bedrooms (three of which include a theater, kitchen, dressing room and two bathrooms) and a sprawling backyard that we are guessing would be ideal for late-night and opulent parties. Back in NYC, we learned that Kelsey Grammer and his new girlfriend took a peak at 200 Eleventh Avenue (the very building that Nicole Kidman and Keith Urban recently purchased). The $5.95 million-dollar property includes massive windows to view the Hudson and beyond, three bedrooms and the much talked about Sky Garage. We’ll keep you posted on that exciting sale. In NYC, Yankees star Derek Jeter is also on the Beat for listing his 70th floor condo for $20 million. Jeter’s pad is currently empty, but we are thinking that he little to worry about, especially since he has homes in Florida, New Jersey and Upstate NY.

•    Kelsey Grammer Eying Hudson River Property
Kelsey Grammer of “Cheers” and “Fraiser” fame has recently been making an appearance in the gossip columns for splitting with his wife, having a new (pregnant) girlfriend, and what we care about the most: his search for a new property with said girlfriend. Although, Grammer rents in the West Side of Manhattan it looks like he may be looking to settle down at 200 Eleventh Avenue (the very building where Nicole Kidman and Keith Urban reside). Overlooking the Hudson River, $5.95 million-dollar property includes three bedrooms with a master suite and 3.5 bathrooms as well as 2,364-square-feet of living space (more than enough for Grammer and his growing brood).  The fifth-floor duplex also includes a private elevator that leads to the living room and a modern kitchen with stainless steel appliances. Also included with this hot property is the one-of-a-kind sky garage, an automatic car elevator that will go directly to Grammer’s swanky pad.

•    Judge Judy Sells Penthouse for $2.25 Million
Judy Sheindlin better known as the fearless Judge Judy recently sold her Sutton Place apartment. Originally listed a year ago at $3.15 million, the price was lowered to $3.15 million and finally sold for $2.25 million. The undisclosed buyer will enjoy quite the penthouse – which includes two floors, an outdoor terrace, a fireplace and three bedrooms with walk-in closets. The Judge and her husband won’t be without a home – it was reported that they already purchased a new two-bedroom co-op for $6.75 million dollars [City File].

•    Home of the Late Jerry Garcia for Sale
According to Zillow.com, the Marin County home of the late Jerry Garcia is on the market for $3,995,000. A very different home that what we would expect from Garcia, the five-bedroom, six bathroom home has a Mediterranean-feel, open floor plan and numerous windows. The 7,189-square-foot home also includes an outdoor swimming pool, a personal gym, a master suite with a sauna and a private deck. The new buyer will also enjoy views of the Berkeley Skyline and Mount Tamalpais and being near San Francisco.

•    The Most Expensive Penthouse Sold for $312 Million
According to Housing Watch, the most expensive apartment was recently sold for $312 million in the equally opulent Monte Carlo. Greek billionaire Constantine Alexander-Goulandris purchased the property – dubbed La Belle Epoque – that includes six-bedrooms (three of which include a theater, kitchen, dressing room and two bathrooms), a library, spa and sprawling gardens. The home also features immaculate décor that underwent a $40 million-dollar remodeling project since the home damaged was damaged in a fire – where the previous owner, Edmond Safra, died.

•    Derek Jeter Lists Manhattan Penthouse for $20 Million
Just as DJ’s teammate, Alex Rodriquez, is looking for a new pad Derek Jeter is selling his luxurious home-in-the sky. Located on the 70th floor, the penthouse purchased in 2001 for $12,600,000 was recently listed on the market for $20 million. Now the elevation is a bit steep for us, but if you’re willing to live that high up (not to mention pay 20 million) you can look forward to 5,425-square-feet of living space, four bedrooms and 5.5 bathrooms; not to mention a bare apartment to decorate. The condo also includes 16-foot ceilings, an eat-in kitchen, a library, laundry facilities and an 84-square-foot storage facility which will also be sold to the new owner. Jeter is no stranger to real estate; he is building a mega mansion in Tampa, Florida, he owns a mansion in Marlboro, New Jersey and an historic mansion in Greenwood Lake in New York.

The Celebrity Beat: Relocation.com's Celebrity Real Estate Report

By Serena Norr

We had quite the mixed bag of homes for sales and home purchases this week. “Extra” host Mario Lopez recently purchased a 4,430 square-foot home in Glendale, California for the obvious reasons: outdoor pool, courtyard with a fountain and state-of-the art and modern amenities as well as for the not-so-obvious reasons: it will be the location of his new reality show where he and his baby mama will be filmed as they experience the trails of becoming new parents. While  some may tune-in to catch Lopez juggle his abdominal workouts while changing diapers, we are more interested in seeing how he will upgrade and personalize his Spanish-style home with home improvement projects and decor. Disney star-turned-actress, Hilary Duff also made this week’s Beat for purchasing an elegant Toluca Lake estate with her fiancé Mike Comrie for $3.85 million. We also reported on an interesting auction of the home of Joey Fatone. Fatone, who was in the band ‘NSync, is asking $6.5 million for the home that features a swimming pool and an outdoor sushi bar. These properties never cease to amuse and amaze us! Until next week…

•    Former ‘NSyncer, Joey Fatone Selling Orlando Home for $6.5 Million
Joey Fatone, of the popular 90s boy-band ‘NSync, will auction his home for $6.5 million citing wanting to be closer to his family as the reason for the sale. The gated estate, located in Orlando, is situated on 4.4 acres of lakefront property that includes 10 bathrooms, a 10-car garage and six bedrooms, including a 3,800 square-foot master suite with a butler’s pantry. The home also has 12,400-square-feet of living space that includes a movie theatre with stadium seating and an outdoor grotto area with a sushi bar,  swimming pool and spa. The minimum bid for the auction is $3.7 million, which will take place on September 11, 2010.

•    Mel Brooks Sells Ocean-Front Home for $5.3 Million
Comedian and director Mel Brooks recently sold his Watermill, New York home for $5.3 million. The 1,968-square-foot property was originally purchased for $2,995,000 by Brooks and his late wife, Anne Bancroft, which has been rented out for several summers. The home, situated by the ocean on. 74 acres, includes three bedrooms, two bathrooms, a fireplace and is right down the street from last week’s celebrity beat seller, Christie Brinkley.

•    Leeza Gibbons Buys New Home for $6,600,000
Entertainment reporter Leeza Gibbons recently purchased a home in Beverly Hills, California for $6,600,000. The Mediterranean-style home includes five bedrooms, 5.5 bathrooms and backyard complete with a heated swimming pool, spa and lush greenery. The 6,579-square-foot home also includes walnut wood flooring, a family room, a fitness room, a billiard room, an office, a three-car garage, a home theatre, four fireplaces and a state-of-the-art security system.

•    Mario Lopez Gets a New Home for $1,940,000
Mario Lopez of “Saved by the Bell” fame recently purchased a new home in Glendale, California. Sold to Lopez for a modest price tag of $1,940,000 (at least in celebrity real estate terms), the home will soon be seen by the rest of America when VH1 starts filming a new reality series about the trials and tribulations of Lopez’s life with a new baby. If you can’t wait to see the show, we can tell you the Spanish-style home includes four bedrooms, six bathrooms, three-car garage and a gorgeous courtyard with a fountain. The home, built in 1929, is fully renovated that also includes 4,430 square-feet of living space, a eat-in kitchen with modern appliances, an office, a formal dining area with hardwood flooring, arched doorways, fireplace and a swimming pool.

•    Teen Queen Hilary Duff Buys Home for $3.85 Million
Hilary Duff, former Disney star- and sometimes-designer/singer/actress recently purchased a colonial-style home for $3.85 million with her her fiancé Mike Comrie. Located in Toluca Lake, the elegant 5,260-square-foot two-story house includes five bedrooms, 6.5 bathrooms, an outdoor fireplace and a swimming pool and a modern kitchen with stainless steel appliances. Other amenities include a wet bar, French doors located throughout the home, a curved staircase, high ceilings and hardwood flooring. Duff and her fiancé Mike Comrie can also look forward to getting to know other Toluca Lake residents like Jenny Garth, Gwen Stefani and their next door neighbor, Britney Spears.

The Celebrity Beat: Relocation.com's Celebrity Real Estate Report

By Serena Norr

What an exciting week in the world of celebrity real estate. The home that Michael Jackson rented before he died was listed on the market for a whopping $28,995,000! With seven bedrooms, a game/media room, a theatre and a pool the new owner will never have to leave the property. Meg Ryan also made an appearance on the Beat for leasing her home for rent. Asking price? A mere $40,000 a month — or what we figure is better spent on two years worth of rent.  Christie Brinkley is also in the news for placing her beachfront home on the market. She is reportedly a huge fan of home improvement projects but cited lack of time to maintain the property as one of the reasons for the listing. We also reported on the foreclosure of Damon Dash’s (co-founder of Roc-A-Feller Records) NYC condos. Dash reportedly fell into the old spending-more-than-what-you-have bit and was unable to pay his $78,504 monthly mortgage payments.

•    Michael Jackson’s Home on the Market for $28,995,000
Yes, those numbers are correct and yes, this is the very home that Michael Jackson rented for $100,000 a month before he passed away in June of 2009 (owner is Hubert Guez, CEO of Ed Hardy).  This Holmby Hills estate (located in Los Angeles) is certainly fit for a King, or maybe just the King of Pop. The list of amenities goes on and on for “French Chateau” such as a wood-paneled den, a library, a modern eat-in kitchen, seven bedrooms, 13 bathrooms, seven garage spaces and 12 fireplaces all of which is situated on 1.26 acres of land. On top of all, the 17,171 square feet home (about $1,689 per square foot) also has a wine cellar, a media room, an art studio, a movie theatre, an indoor bar, a spa and a gym, lush gardens and greenery and an heated outdoor pool. Property listings describe this luxurious and gated abode as a “major achievement in design and proportion, incorporating classic design and impeccable craftsmanship and offering the perfect integration of charm and elegance in a world-class setting.” With that asking price and all that is included we wonder what King or Queen will be the reigning owner of this property.

•    Meg Ryan Renting Her Home for $40,000 a Month
Back in October, actress Meg Ryan listed this California home for $14.2 million only to be removed from the property listings a mere two months later. According to Zillow.com, Ryan has now listed her Spanish-style Bel Air home for rent at $40,000 a month. A bit steep for a lease but the world of celebrity real estate follows its own set of rules. And for whoever can afford this agreement will have quite the gorgeous beachfront estate to look after. The spacious home includes six bedrooms, seven bathrooms, four fireplaces and of course stunning views of the ocean. There is also hardwood flooring, open archways, wood-beamed ceilings and a modern kitchen with state-of-the-art appliances. There are no reports as to how long the rental agreement would last.

•    Hip Hop Mogul Damon Dash Losses Home to Foreclosure
Damon Dash, Co-Founder of Roc-A-Feller Records recently lost his TriBeCa condo to a foreclosure. Sold for $5.5 million, Dash reportedly stopped paying his $78,504 in mortgage payments on his two condos — one on Moore Street and the other on Laight Street. (We wonder why one would need two condos in the same neighborhood but perhaps that is a part of the whole celebrity real estate conundrum.)  Dash attempted to sell the Moore Street condo right after the real estate market crashed for $7.9 million and again for $5.75 million in 2009 with no interested buyers. Since he was unable to pay  his loan, Dash was sued twice and finally ordered to put his home through the auction process by the New York Supreme Court. A California-based finance firm, Platinum Capital, purchased the home. His second home (on Laight Street in NYC) went unsold and was taken over by Eastern Savings Bank.

•    Steve Carell Buys Home for $6 Million
Steve Carell of “The Office” recently purchased 1.27 acre estate for $6 million dollars. Located in Toluca Lake, California, the 5,126-sqaure-foot home includes six bedrooms, five bathrooms, a pool house and a tennis court. Toluca Lake is home to many celebrity neighbors that Carell can soon mingle with. According to the Real Estalker, Eric McCormack, Markie Post, Swoosie Kurtz, Andy Garcia, Demi Lovato, and Ashley Tisdale all live in Toluca Lake.”

•    Christie Brinkley Lists North Haven Home for Sale
Model/socialite and real estate investor Christie Brinkley recently listed her New Haven home on the market for $15.75 million. Built in the 19th century, the waterfront home not only has gorgeous views of the beach and the surrounding bay but is surrounded on 4.5 acres of land and 327 feet of beachfront. The 5,500-square-foot columned mansion has five-bedrooms, six bathrooms, four fireplaces and an outdoor pool. Brinkley cited busyness and an inability to maintain the property as the reason for the sale. She has an avid interest in home improvement projects stating “love fixing up old houses, but my life is so busy between with my children, launching several new businesses and my philanthropy, I just don’t have time.”

Part II: The Devasting Impact of the BP Oil Spill on the Real Estate Industry

By Serena Norr and Joann Pan

As we discussed in the first part of this series “The Devastating Impact of the BP Oil Spill on Real Estate,” the oil spill off of the Gulf Coast has not only affected our waters, marshes, animals and our health, but the “worst spill in history” has also greatly impacted the real estate industry.  Although we are happy to hear that engineers have been able to stop oil gushing from the well [LA Times Blog], there is the looming question pertaining to the state of real estate in Alabama and Mississippi. Early numbers are estimating that the oil spill will “drive down the Gulf’s property values by 10 percent for at least three years,” according to CoStar Group Inc [Bloomberg]. The International Property Estimate stated that “losses may total $4.3 billion along the 600-mile (966- kilometer) stretch from the Louisiana bayous to Clearwater, Florida.”

Since April 20th, new property developments in Alabama and Mississippi have been put “on hold” and commercial properties such as hotels that are suffering from a decline in tourism and the inability to provide certain supplies such as with restaurants that can no longer offer fresh and local shrimp, oysters, etc.  Some of these real estate issues are not immediate, but will impact these areas long after the spill has been cleaned.  Will people want to relocate to an area that was once covered in oil — whether directly or nearby? Will the water ever be clean enough for fishing? Will tourism pick up? As the pieces are starting to be picked up and clean-up efforts are prevalent in the Gulf, we will be keeping a watch eye, hopeful that we will be able to report on positive news from the Gulf.

Alabama’s Businesses Suffer Including Restaurants, Condo Owners, Shops Owners and Fishing Industries

For three months, after the media has continually projected the dismal prospect of coastal communities affected by the BP Oil Spill to the rest of the world, the states lining the Gulf of Mexico are seeing and feeling the onset of low numbers of tourists and homebuyers. When President Obama went to see the effects of the BP oil spill on the state in mid-June, Governor Bob Riley and the communities of Alabama were relieved to have president see the effects for himself. In a speech, the president addressed the jabs that the tourism and fishing industries have suffered. The lives of Alabama’s shop owners, restaurateurs, commercial and sport fishermen and those in real estate have not seen normal business for about three months [Montgomery Advertiser]. As oil continues to wash to shore, it’s not the effects on the beaches that worries community members, but the state’s precious marshes, estuaries and wetlands that will be lost. Tourism is also down, which is evident by the pictures of empty beaches that would normally be flooded with people. There are men bringing booms down to the waters—approximately 10,000 feet of booms a day to keep the oil at bay.

As soon as the oil started leaking—rather gushing relentlessly into the Gulf of Mexico—officials and professionals have been implemented quick clean-up of the space. As personnel continue to tread the waters of the Gulf, people are coming forward with disaster-related illnesses. In Louisiana, their Department of Health is aware of 71 cases and in Alabama, there are 15 reported illnesses—a mix of respiratory problems and skin irritations [CNN Health]. As soon as news like this hits to mainstream, areas where tourism and properties are hot start to see businesses fade.

The NY Times painted a dreary picture for us on July 5 by running a feature about an Alabaman seaside Inn that has seen the scary effects of the oil spill that include a lack of bumper-to-bumper traffic along Perdido Beach, minimal diners at coastal restaurants, missing swimmers in the water and a diminished population of seagulls riding up the coast. And in the place of those summer beach expectations are tar balls and lines of oil that have layered themselves in the daily repetitions of low tide and high tide that brings new sand and oil on shore. The building’s owner is Jerry Gilbreath, 61, who bought the structure in 1980 and turned it into a successful bed-and-breakfast. Now, Gilbreath, like other resort, hotel and property owners in Alabama are struggling to meet ends meet. To give you an idea the inn made $21,000 last June, but only made $6,000 this June, a month after the drum of oil starting leaking [the NY Times].

Mississippi’s Job Loss, Real Estate Outlook and Tourism Industry

Since the oil spill, 4,500 unemployed workers in Alabama, Louisiana, Florida and Mississippi have been hired to clean the beaches– raking and shoveling debris, taking out trash and using power loaders to wash away oil-covered rocks [CNN Money]. Although finding work is always a positive sign (especially since Mississippi has an 11.5 percent unemployment rate), the conditions in which these workers were hired is not something residents of these Gulf States were expecting.

The immediate impact of the spill is not the only matter at hand, but one that Mississippi will be dealing with years after the spill; especially when pertaining to real estate. Recently, several real estate agents and brokers have requested $20 billion dollars as compensation for the loss of sales due to the oil spill. Kenneth Feinberg, a Washington attorney who is working on organizing money for the victims, stated “The Realtors and real estate brokers are a major political force. I’m hearing from them constantly. I’m not sure whether they have a valid legal claim.” As of now, these claims fall into the category of  “tough eligibility decisions,” whose issue will be further explored through an independent committee held next month [SunHearald.com].

There is also the issue of the loss of jobs and tourism in Mississippi. A University of Mississippi study found that the oil spill could cost Jackson, Harrison and Hancock counties nearly $120 million in the tourism and service sectors; while the Mississippi Development Authority estimated that tourism was down statewide and about “seven percent in fiscal 2010 to $5.2 billion” [Insurance Journal]. Hit the hardest right now are non-casino hotels, which are down by $50 million and services related to tourism such as restaurants, beverages and food and area beaches (even though no oil has been washed onto Mississippi’s beaches). According to David Bulter, a professor who conducted the survey, these figures are related to the “negative images portrayed by the national news.” There has also been a decline in charter boats and recreational and commercial fishing.

Now that the leaking has been stopped by a temporary cap—until further measures can be made, that is—we wait and hope for positive news in the upcoming months.

Sources and Additional Reading:

• Bloomberg
• CNN Health
• CNN Money
• Insurance Journal
• The Los Angeles Times – Blog
• Montgomery Advertiser
• The New York Times
• SunHearald.com

All photos are from Deepwater Horizon’s flickr page- http://www.flickr.com/photos/deepwaterhorizonresponse/

The Celebrity Beat: Relocation.com's Celebrity Real Estate Report

By Serena Norr

A few politicos made “the Celebrity Beat” this week. The “Lion of the Senate” aka the late Ted Kennedy’s Washington, DC home was recently placed on the market for $7,995,000. This massive Colonial-style estate includes five bedrooms, six bathrooms, a wine cellar and a personal gym designed by “the Terminator” or Governor Schwarzenegger, as he is referred to these days. On the right side of the political spectrum, Rush Limbaugh’s Upper East Side penthouse was sold for $11.5 million to an undisclosed buyer. Limbaugh has been stating he has wanted out of New York due to the city’s high property taxes — but if you have an $11 million dollar home, we are thinking you have sufficient funds to pay good-old Uncle Sam. To light things up a  bit, comedians Cheryl Hines and Adam Carrolla are both selling their California homes. Hines’ home is situated in Brentwood overlooking the mountains; while Carrolla’s home overlooks downtown Los Angeles that was also personally designed and renovated by Carrolla.

•    Ted Kennedy’s Home on the Market for $7,995,000
The Washington, DC home of the late Ted Kennedy (Kennedy passed in 2009 after a long bout with brain cancer) is on the market for $7.95 million. Purchased in 1998 for 2.7 million, the 8,900-square-foot home includes five bedrooms, six full-sized bathrooms and two half baths, a wine cellar, an indoor and outdoor pool, a secret hideaway from the library and an indoor gym designed by no other than the movie star-turned-gobernador Arnold Schwarzenegger! Described as a “Colonial-style home” whose decor features long white columns, French doors, high ceilings, an outdoor terrace, gardens and a massive dining room that is customized to fit 50 people. Listed by Vicki Kennedy (Kennedys’ widow), who is seeking a smaller home in Washington, DC. According to the Wall Street Journal, the home is “quietly being shopped around” with no current buyer.

•   Cheryl Hines Lists Brentwood Home for $4,249,000
Comedian and “Curb Your Enthusiasm” star Cheryl Hines recently listed her walled and gated Mandeville Canyon-area estate for $4,249,000.The 4,908-square-foot home sits on an acre of land that features stunning views of the nearby California mountains and new furnishings and renovations throughout the properties open-floor plan. If that isn’t enough, perhaps the homes six bedrooms, 5.5 bathrooms, a guest house and an outdoor pool with massive trees throughout the property may entice you to buy?

•    Joe Torre’s Home Listed for Auction at $1,175,000
Joe Torre, former coach of the New York Yankees and current coach of the Los Angeles Dodgers has recently placed is New Rochelle, New York to be sold via a public auction. Located 30 minutes from Manhattan, the 6,500-square-foot home is listed at $1,175,000 that is expected to exceed the asking price. Some notable features about the two-level property includes six bedrooms, five bathrooms, an indoor pool and a three-car garage all of which is situated on 1.01 acres of land. The first level features a family room, a fireplace, and a large kitchen; while the second level has a master suite, guest rooms and a laundry room. Owners of the property will also become stockholders of the estate property company. For more information on the auction, visit BidOnTheCity.com.

•    Rush Limbaugh Finds Buyer for NYC Penthouse
On another side of the political spectrum, conservative pundit Rush Limbaugh has found a buyer for his Upper East Side NYC penthouse. Originally listed for $13.95 million, the undisclosed buyer will pay $11.5 million for the condo, according to the Wall St. Journal. The full-floor penthouse overlooks Central Park and features 10 rooms, four terraces, a 30-foot-wide living room and a private elevator. The new buyer will also enjoy personal decorating touches of the conservative talk-show host such as ornate wall designs and a mural of clouds and birds in the master bedroom, along with various ceiling murals throughout the penthouse featuring palm trees and the beach. Limbaugh is relocating from New York due to the high property taxes, which he announced in February on his radio-show entitled “El Rushbo to New York: Drop Dead.”

•    Adam Carolla Lists Home for $1.3 Million
Comedian, Adam Carolla recently put his Beachwood Canyon home on the market. Carolla – who also owns two other properties in the Los Angeles-area – personally did all of the renovations on this three-bedroom as stated on the Luxist, “the home was totally rebuilt, piece by piece, like a restoration of an old car with modern equipment.” With a contractor background, Carolla spent at least $350,000 in home improvements on his 2,281-square-feet French-style home. The “ultimate bachelor pad,” that was “overbuilt,” as stated by Carolla, includes some interesting features such as an office, an indoor and outdoor bar, an updated kitchen with state-of-the-art appliances and a soundproof basement. The exterior of the house is also pretty impressive, which resembles a castle and overlooks downtown Los Angeles and views of the Hollywood sign.

The Celebrity Beat: Relocation.com's Celebrity Real Estate Report

By Serena Norr

This weeks “Celebrity Beat” is packed with exciting real estate reports from New York to California. Starting in New York, Bill and Hillary Clinton have reportedly been eying a home in Bedford Hills (a mere eight miles from their Chappaqua estate). The Bedford Hills home will be quiet the upgrade for Bill and Hillary with 20 acres of land, 7,000-square-foot of living space and more importantly will provide the couple with “privacy and security.” In California, Dr.Phil (of the “Dr. Phil” show and “Oprah”) recently listed his Mediterranean villa for sale at $16.5 million for a larger casa in the Hollywood Hills. It was also reported that Gwyneth Paltrow and Chris Martins’ home was “stripped down” and recreated by the New York City design team, Roman and Williams — resulting in a space filled with shimmery textures and pastels. Lady Gaga also made this weeks Beat for reportedly leasing a Bel-Air home for $25,000 a month — an amount many of us would pay for a years worth of rent.

•    Lady Gaga Renting Bel Air Home
The ever provocative pop star, Stefani Germanotta – better known as Lady Gaga – recently leased a Bel Air home for $25,000 a month. This rock star-style pad is situated on an acre of land that is both walled and gated and fully furnished, featuring a number of Marilyn Monroe pictures that don the walls. According to Zillow.com, the home is owned by real estate developer, “Lorne Leibel who purchased the home in 2004 for $3,150,031 that was later listed for $4,750,000 in 2009.” The 6,143-square-foot pad also features six bedrooms, eight bathrooms, marble flooring, fireplaces and an outdoor and raised pool next to a spacious deck. There is also an office, a library and a modern kitchen with a separate breakfast nook. There has been much speculation whether Gaga would be buying in New York, but it seems she is testing out a few places before she decides where she will relocate.

•    Dr. Phil Lists Beverly Hills Home for $16.5 Million
TV Psychologist, Dr. Phil McGraw and his wife, Robin, have recently listed their gated Beverly Hills, California home for $16.5 million. This massive Mediterranean-style villa – covering a little over 11,000 square feet – includes eight bedrooms, seven bathrooms, a screening room, a pool room, a music room, a library, staff quarters, a beauty salon, fitness center and guest quarters with two bedrooms. The landscaped pool and massive backyard aren’t too shabby either. According to the Real Estalker, property records indicate that Dr. Phil “purchased the property in 2002 for $7,500,000…in cash.” Reports indicate that the home is for sale because the couple purchased another California property that they have “been admiring for years,” according to the Chicago Tribune.

•    Gwyneth Paltrows’ $5.1 Million Dollar Home Redesigned
Hot designers, Roman and Williams, recently redesigned Gwyneth Paltrow’s and Chris Martin’s 4,400-square-foot TriBeCa penthouse. Purchased in 2007 for $5.1 million, the designing duo revamped the home by completing a “total strip down to stud and redesign” of the interior space to create a space filled with “light, moldings, glassy paint and fuzzy nap zones,” according to the designers blog. They also used shimmering silvers, whites and pastels throughout the space to create a romantic and elegant home for the actress, hubby musician and two kids. The space features three bedrooms, 3.5 bathrooms and a terrace and an impressive modern kitchen.

•    Bill and Hillary Clinton Looking to Buy in Bedford Hills, New York
Bill and Hillary Clinton are looking to move from their Chappaqua, New York home a mere eight miles north to Bedford Hills. According to the New York Post, the Clinton’s have been seeking more space, along with a home that has “privacy and security,” which has been lacking in their Chappaqua, New York abode. This prospective Bedford Hills home nicknamed “Clover Hill” is described as an English country cottage with five bedrooms, seven bathrooms, numerous fireplaces, wood-beamed ceilings, horse stables, a heated pool, massive gardens and two guest houses all of which are situated on a lake. The Clinton’s will reportedly pay $10.9 million for this space – that also features an impressive 20 acres of land and 7,000-square-foot of living space.

The Celebrity Beat: Relocation.com's Real Estate Report

By Serena Norr

Homes for sale in the million dollar price range seem to be the theme of this week’s Celebrity Beat. From spacious mansions in Tennessee to Manhattan co-ops with secret passageways to a converted home that once was a church; we’ve got you covered with the latest real estate buzz. Check out the Beat and let us know what you think of these unique (and pricey) listings.

•    Sheryl Crow’s Nashville Home on the Market for $7.5 Million
Purchased in 2008, singer Sheryl Crow recently listed her 154-acre Tennessee home for sale. Horse lovers will surely love this equestrian abode, equipped with a 14-stall barn with enough acres to practice riding, as well as sufficient space to let horses run free. The gated mansion/farm hybrid is marketed as a “solar home” according to Zillow.com that is” designed to reduce electric costs by 42 percent” thanks to its modern and energy efficient appliances. The home also features private quarters, fireplaces, a guest house, an outdoor pool, indoor riding arena, a state-of-the-art media room and a music studio.

•    Penelope Cruz’s Home on The Market for $3, 695, 000
Actress Penelope Cruz recently put her Bali-style home on the market for $3,695, 000. Constructed in 1956, the Hollywood home features views of the Sunset Strip that Ms. Cruz has owned since 2005. The 3,334-square-foot one-story home features three-bedrooms and 3 1/2 bathrooms, bamboo flooring and French doors. There is also a tiled courtyard with a fountain, an outdoor pool with a heated patio, an office and a modern kitchen with a breakfast nook. Cruz is moving on since she already has other properties in Los Angeles and a home in Spain.

•    Golden Girl-Rue Mc Clanahan’s Co-op on the Market for $2.5 Million
The New York City co-op of recently deceased Golden Girl is on the market for $2.5 million. Located in midtown Manhattan, the apartment is full of charm and unique attributes such as a “spice rack that turns into a secret passageway” and amazing views (and access to) a private garden, complete with professionally landscaped flowers and plants—functioning as a private oasis, according to CurbedNY.com. The apartment also features three bedrooms with a master suite, two baths, high ceilings, great lighting, a library and a modern kitchen.

•    Alan Jackson’s Home Sold for $28 Million
Country crooner, Alan Jackson recently sold his Tennessee mansion for $28 million to multi-millionaire, Willis Johnson. Originally listed at $38 million, the mansion known as “Sweetbriar” is situated on 135 acres of land that features six bedrooms and seven baths. There are also five fireplaces, a 20-car garage, a private lake with its own boat house, three ponds, a gym and a separate guest log cabin with two bedrooms.

•    Converted Church on the Market for $7.49 Million
Not a celebrity property but one that will surely cause the same jaw-dropping effect, especially since this Gothic-style building once functioned as a church. Built in 1910, the exterior appears to look like a church; however the interior space is a gorgeous updated single-family home with high ceilings, seven chandeliers, three bedrooms and two baths. This San Francisco home also features arched and long stained glass windows (some indication that it once was a church), along with modern amenities such as spacious kitchen, a den, a large dining room, two fireplaces, a wine cellar and a media room with a recording studio. The church home also features a six car garage and mahogany doors to welcome guests to this massive complex.