Sotheby’s International Realty News: Ultra Wealthy Buying Homes As ‘Opportunity Gateways’

A growing number of ultra high net worth (UHNW) individuals view homes as ‘opportunity gateways’, driving buying decisions that are based on potential opportunities from owning these luxury residential properties, according to the latest study by Wealth-X and the Sotheby’s International Realty® brand.

The UHNW Luxury Real Estate Report: Homes As Opportunity Gateways two trends that are fueling the rise in the number of ultra wealthy individuals who are buying luxury homes:

  • International home-buying by UHNW individuals (defined as those with at least US$30 million in assets) from emerging nations seeking a safe investment diversification.
  • Home-buying as part of a program to gain citizenship or residency status in foreign nations.

The report provides insight into the UHNW residential real estate opportunities in Sydney and Vancouver for buyers seeking safe investment diversification; and Malta, the Bahamas and Sao Paulo, which may appeal to ultra wealthy buyers who are seeking citizenship or residency through property investment.

The UHNW Residential Real Estate index, tracked by Wealth-X, rose to 115.2 in Q2 2015, an 8.3% rise year-on-year, and the sixth consecutive quarter in which the index has risen. The continued rise in the index reflects the confidence of UHNW individuals to invest in luxury residential real estate.

The index takes into account the full range of luxury residential properties that are owned by the world’s wealthiest individuals. Wealth-X data shows there are 211,275 UHNW individuals globally, who collectively hold nearly US$3 trillion in real estate assets, equal to 10% of their net worth.

Below are other key findings from the report:

  • 12% of second homes purchased by UHNW individuals in emerging countries (those who reside in BRICS nations) are located outside their country of residence.
  • Recent market fluctuations in emerging nations are leading a new generation of UHNW investors to consider investing in luxury residential real estate in Western markets.
  • Chinese UHNW individuals make up the third largest share of foreign UHNW homeowners in the United States, behind only Canada and the United Kingdom.
  • Twenty nations in Europe and the Americas now offer citizenship or residency programs to individuals willing to invest in domestic residential real estate.
  • Many residential real estate markets with such programs – including Sao Paulo, Malta, and the Bahamas – offer good long-term investment opportunities.

According to Philip White, president and chief executive officer, Sotheby’s International Realty Affiliates LLC, this joint report was designed to provide an understanding of the trends driving buying decisions of ultra-high net worth individuals around the world. “The research reveals trends that go beyond traditional motivations and help guide real estate investments that contribute to long-term wealth,” he said.  “It underscores the important role real estate plays in a larger strategy to build a valuable asset portfolio.”

Download the full report here.

WealthX

About Wealth-X
Wealth-X is the global authority on wealth intelligence, providing sales, marketing, strategy and compliance solutions to clients in the financial services, luxury, not-for-profit and education sectors. Its award-winning research and thought leadership are regularly cited by the world’s media such as CNBC, Financial Times, Thomson Reuters and BBC. Wealth-X has more than 250 staff in 10 locations, including Singapore, London and New York.

About Sotheby’s International Realty Affiliates LLC
The Sotheby’s International Realty network currently has approximately 17,000 sales associates located in approximately 800 offices in 61 countries and territories worldwide. Founded in 1976 to provide independent brokerages with a powerful marketing and referral program for luxury listings, the Sotheby’s International Realty network was designed to connect the finest independent real estate companies to the most prestigious clientele in the world. Sotheby’s International Realty listings are marketed on the sothebysrealty.com global website.  In addition to the referral opportunities and widened exposure generated from this source, the network’s brokers and clients benefit from an association with the Sotheby’s auction house and worldwide Sotheby’s International Realty marketing programs.  Each office is independently owned and operated.

Sotheby’s News: Auction House in London Relaunches “The Irish Sale”

irish saleThe Sotheby’s Auction House in London has relaunched the annual Irish Sale due to an increase in interest which signals confidence in the Irish art market.

Arabella Bishop, head of Sotheby’s Ireland, said that “the moment is right to relaunch a dedicated annual sale as new collectors – both from Ireland and internationally – are actively buying and bidding for Irish art.”

The reinstated event will take place on October 21st with the principal lot being a painting by Sir William Orpen titled Nude Girl Reading. This piece painted in Paris in 1921 has a top estimate of £500,000 ($774,300.00 USD). Orpen, born in Stillorgan, Co Dublin, was a leading portrait painter in London and one of Britain’s official first World War artists.

Another piece that will be included in the sale is The Forlorn Hope by Jack B Yeats which has a top estimate of £180,000 ($278,792.10 USD).

After Irish art prices crashed following the economic downturn 4 years ago the sale was dropped. Now  Sotheby’s has relaunched the event, moved its Irish office into bigger premises and opened a new office.  These three factors ultimately “cement its commitment to the Irish market.”

Source: Irish Times

Boston Real Estate News: The site of Anthony’s Pier 4 will be the New Home to a 100-Unit Luxury Condominium Building

anthonyspier4002There was a time when Anthony’s Pier 4 was the biggest reason people traveled to Seaport as it was one of the top-grossing restaurants in the nation. Soon, a nine-story luxury condominium building, a one-acre park and a 13-story office building will be the new reason for travel.

The luxury condominium building will rise from the site surrounding this iconic restaurant that recently closed its doors in 2013. Developer, Tishman Speyer, plans to construct the building to be curved to ensure that the views of the skyline will be maximized.

Co-chief executive, Rob Speyer, stated, “Our company wants to create a project that will bring new residents and new business to the new neighborhood. Our goal at Pier 4 is to create the brightest jewel of the Boston waterfront. This will be a project entirely worthy of one of the world’s great cities.”

Pending the city’s approval, construction will begin no later than the end of the year in hopes that the condo project will be completed in 2018. No price tags have been placed on the units at this time although it has been noted that neighboring luxury buildings priced in the millions sold out quickly.

Pier 4 Resi

At the end of the pier the one-acre park and a plaza will sit on the exact site of Anthony’s Pier 4 which will be demolished sometime next spring. This park is set to “preserve public access to the waterfront and allow the developer to command premium prices for condos with uninterrupted water views”, said Vivien Li, president of the Boston Harbor Association.

Tishman Speyer is partnering with two of China’s largest insurance companies on this project. Both of these companies are making their first investment in U.S commercial real estate and as a result is the largest Chinese investment YET in Boston real estate!

Source: Boston Globe

Boston Real Estate News: Widett Circle, Proceeding with or without Olympic games

widettcircleNo Boston Olympics? No problem! The Boston 2024 Real Estate Committee believes that the 83-acre plot of land in Widett Circle still has the potential to add value to the future Boston Real Estate market. The Midtown Development Plan presented by Boston 2024 emphasized in their proposal the build out could “proceed with or without the Olympics.”

Members of the Boston 2024 real estate committee constructed a plan that would make Widett Circle the next Copley Place. As we know, Copley Place connected the South End and Back Bay many decades ago. The laid out plan for Widett Circle was to connect the South End, South Station and South Boston together creating a booming area for future tenants. A site that runs alongside the Redline, with the Olympics the idea was to create a mixed-use development with 7.89 million square feet of office, residential, and retail space creating a long-term benefit for the city.

Now that the Olympics are not involved, the decision on how and if the development will move forward lies in the hands of the Boston Redevelopment Authority. Many believe that this project may be accelerated considering the stress of an Olympic stadium being built is now removed. However, there is talk that the feel of this development will change.

One other consideration is building a permanent New England Revolution stadium. As we know, Boston is a tourist attraction in itself and the in-town stadium would attract more international visitors not only increasing the Revolution’s sales but also an increase for the businesses in the area.

Although the Olympic games would have added over thousands of jobs, housing units and an increase in revenue, the city of Boston is not at a total loss with the bid removal. The city has made it clear that Widett Circle is still a priority.

Widett Circle is the city’s next major scheme as the Boston Redevelopment Authority continues to develop their proposal of Imagine Boston 2030, it’s citywide master plan. This Midtown area will not go to waste as their planning department is now studying the site to determine how best to catalyze future growth along the road. This 80-plus-acre site on transit in the middle of the city is extremely valuable for the future of Boston real estate.

Source: Boston Business Journal

Sotheby’s International Realty News: Significant Sales Volume 4, 2015

Sotheby’s International Realty has released their latest issue of the Significant Sales newsletter. This issue features top sales from throughout our global network including properties from a diverse range of locations such as Manhattan’s Upper East Side, Colorado, Connecticut, Australia, California and Texas. The strength of the Sotheby’s International Realty brand is on display in this issue, featuring some of the world’s most significant sales.

sigsales1$18,500,000 | Sotheby’s International Realty East Side Manhattan Brokerage

New York  This exceptionally rare Upper East Side duplex, pre-war Condominium offers 8 bedrooms and 8 baths over approx. 7,500 square feet. The size and scale of a sprawling townhouse with the services and security of a white-glove service building, enter through a key-lock elevator onto a private landing with marble entrance gallery and an expansive corner great room boasting Central Park views.

sigsales2

 

$17,500,000 | Aspen Snowmass Sotheby’s International Realty

Colorado  Located in the private, gated enclave of Pyramid Point, this captivating estate is on a 5.4-acre lot with views of Aspen Highlands and Pyramid Peak. The slopes of Tiehack and the Maroon Creek Golf Course are just down the road. Features include spa area with steam room, sauna and massage, exercise room, recreation room, three bars, theater, wine room, two offices, eight fireplaces, three-car garage, large patios with fire pit, waterfall, two hot tubs, and an expansive lawn area.

sigsales3$17,000,000 | Sotheby’s International Realty Greenwich Brokerage

Connecticut – This extraordinary stone Georgian home has been fully executed by the award-winning Judith Larson and Bill Gardiner residential design team. A pristine and prestigious property over 8.7-acres with two gated entrances includes an additional building site for the potential of an extensive family compound. Lush, level grounds are perfect for ardent lawns and formal gardens. Exquisite chef’s kitchen and catering kitchen by Smallbone of Devizes, herringbone floors, 12’ ceilings, 55’ indoor pool, sauna, squash/basketball court, exercise room, in-law/staff wing, fiber optics for trading floor, theater, wine cellar, generator, and more complete this ultimate Greenwich residence.

sigsales4$15,000,000 | Briggs Freeman Sotheby’s International Realty

Texas – This estate is unmatched in grandeur and luxury, with a sprawling 5.3-acres and 14,139 square feet of living space. A picturesque drive along a tranquil creek reveals a truly breathtaking facade of classic stonework and slate roof. Inside reveals gold leaf accented ceilings, Venetian plaster corridors, rooms draped in rich textures of leather, hand-scraped herringbone and marble, a hidden stairway, a 2,200 bottle climate-controlled wine vault and a 10-car garage with six climate controlled spaces make this estate exceptional in every way.

sigsales5

$13,750,000 | One Sotheby’s International Realty

Florida Spectacular lower penthouse exquisitely designed by Italian architect Marina Nova. This magnificent 6,557 square foot apartment features five bedrooms, five full and one half bathrooms, den, impressive and elegant living and dining rooms, state-of-the-art gourmet kitchen, Venetian walls, private elevator, fully integrated security and entertainment system, double ceilings and indirect lighting. Expansive terraces showcase amazing panoramic ocean, golf and Miami skyline views.

Click here for the full issue of the Volume 4 2015 Significant Sales.

Significant Sales was designed to be a powerful tool for listing distinctive properties as it showcases the global reach and power of our broad network.

 

Real Estate News: BRA Approves Over $500 Million in Projects including 696 Housing Units

According to the Boston Business Journal, the Board of Directors for the Boston Redevelopment Authority (BRA) met for their monthly July meeting, which resulted in the approval of six projects— $515 million in developments including a combined 696 housing units. These projects include housing developments in South Boston, Roxbury, Mission Hill, the Financial District and East Boston. This overhaul will create hundreds of jobs and support Boston’s economy by bringing new retail space, residential space, and tourist accommodations.

Below is a summary of the approved projects:

45 W. Third Street, South Boston
1A local investment firm has confirmed the redevelopment of a one acre block at 45 W. Third St. and bordered by A St., Athens St., W. Third St. and South Boston Haul Road. Currently, the space is occupied by a surface parking lot, a small residential building, and a brick industrial building that will be demolished to make way for the new units. The project will include units with private townhouse style entrances, two courtyards, parking for 109 vehicles and 3,400 square feet of ground-floor commercial space.

375-399 Chestnut Hill Avenue, Cleveland Circle
2For nearly 3 years, neighbors and residents of Cleveland Circle have opposed every design National Development has proposed for the redevelopment of Circle Cinema—until earlier this month. The approved design will include over 14,000 square feet of retail space and close to 100 apartments. National Development hopes to complete construction no later than Q4 of 2016.

Walker Park Apartments, Roxbury
3
Known for a boarded-up house and vacant lots, Egleston Square is getting a well-deserved makeover. Approval for 49 apartments has been received for two buildings to be built. These soon-to-be apartments will be located on 67 & 80 Walnut Park and 2040 Columbus Ave.

40 Fisher Avenue, Mission Hill
4With support from neighborhood groups, local officials, and in partnership with the MHNHS, the proposed building at 40 Fisher Avenue has been redesigned to be one building with one, two, and three bedroom apartments. It includes ten parking spaces and eighteen bicycle spaces to encourage a greener commute.

Congress Square
5
What was formerly the world headquarters of Fidelity Investments in Congress Square will be transformed into retail, hotel, residential and office space. Close to all major MBTA stops, 18 residential towers, over 35 parking locations, twenty 5-star hotels and more has been proposed.

Clippership Wharf
6

Untouched for 25 years, East Boston’s Clippership Wharf is finally awaiting a new waterfront residency. Clippership Wharf is 12-acres and sits along the historic Boston Harbor. The Boston Redevelopment Authority has approved 214 apartments, 278 condominiums and an above-ground parking area that will face the beautiful skyline.

 

 

Real Estate News: June Numbers Confirm that Sales are Currently at their Highest Pace Since February 2007

After underperforming for much of the first half of the year, the Greater Boston housing market kicked into high-gear last month, as both sales and median selling prices of single-family homes and condominiums rose steadily on an annual basis in June, according to data from the Greater Boston Association of Realtors® (GBAR).

All major regions experienced sales gains in June, according to the National Association of Realtors® (NAR). Existing-home sales increased 3.2 percent to their highest pace in over eight years, while the cumulative effect of rising demand and limited supply helped push the national median sales price to an all-time high. Sales are currently at their highest pace since February 2007 and are up 9.6 percent above a year ago.

“With the exception of a couple of weeks around the time of graduations and the Memorial Day Weekend there’s been no real softening of interest or foot traffic among buyers this spring ,” stated GBAR President David McCarthy.

In Boston, Last month’s sales total was the fourth best on record for the month of June, and the busiest June for condo sales in eight years, surpassed only by June 2004, 2005 and 2007. Sales of detached single-family homes increased 10 percent on an annual basis in June 2015.  It’s the second highest June sales total on record. Activity also improved a healthy 6.9 percent in the condo market.

Key market metrics for the month of June & year-to-date figures for Single-Family Homes Only

  June 2014 June 2015 +/- YTD 2014 YTD 2015 +/-
Closed Sales 1,683 1,853 +10.1% 5,714 5,727 +0.2%
Median Sales Price $510,000 $526,328 +3.2% $455,000 $478,500 +5.2%
Days on Market Until Sale 59 60 +2.0% 74 79 +7.2%

Key market metrics for the month of June & year-to-date figures for Condominiums Only

  June 2014 June 2015 +/- YTD 2014 YTD 2015 +/-
Closed Sales 1,269 1,356 +6.9% 4,845 4,482 -7.5%
Median Sales Price $439,900 $459,900 +4.5% $415,500 $447,670 +7.7%
Days on Market Until Sale 46 42 -10.0% 58 55 -5.7%

“If today’s home values as a true measure of buyer demand and consumer confidence in housing, than Boston area real estate has never been more desirable,” McCarthy observed.

Notably, while inventory for single-family homes and condos continued to decline from year ago levels in June, the decrease in the number of homes and condos for sale was more modest than for any other month this year, with the number of single-family listings sliding. In addition, new listings for both detached single-family homes and condos improved on a year-to-year basis last month.

Key market metrics for the month of June & year-to-date figures for Single-Family Homes Only

  June 2014 June 2015 +/- YTD 2014 YTD 2015 +/-
Inventory of Homes For Sale 4,224 3,624 -14.2%      
New Listings 1,995 2,376 +18.9% 10,574 10,632 +0.5%

Key market metrics for the month of June & year-to-date figures for Condominiums Only

  June 2014 June 2015 +/- YTD 2015 YTD 2015 +/-
Inventory of Homes For Sale 2,002 1,658 -17.2%      
New Listings 1,324 1,537 +16.1% 7,393 7,472 +1.1%

As the supply levels begin to improve, that will create more opportunities in the market for buyers going forward, and that’s evident from the latest pending sales data, which shows the number of single-family homes placed under contract increased 28.8 percent over the past 12 months to a new all-time monthly record of 1,952 in June.  Additionally, in the condo market, pending sales improved 25 percent in the past year to 1,429 in June 2015, the highest total for any month since May 2005.

The sharp increase in home sales can be attributed in part to today’s strong local economy, record low mortgage rates and recent growth in new house hold formation. Now is a great time to sell, the demand to buy has led to multiple bidders and homes selling at or above the asking price proving this to be true.

About the Greater Boston Association of Realtors: 
The Greater Boston Association of REALTORS® (GBAR) represents over 6,500 real estate professionals throughout the Greater Boston and Eastern Massachusetts area and is one of the local boards of the National Association of REALTORS® – the largest trade association in America. GBAR provides professional development courses, standard forms, legal reports and updates, brokerage counseling, legislative and regulatory representation, ethics, mediation and arbitration services, as well as recognition awards. REALTORS® subscribe to the strict Code of Ethics of the National Association of REALTORS®.

Featured Properties: Bostonian Elegance Redefined at Maison Vernon, Seven New Luxury Residences

ChevronPartners_69O4042_Hero_11x17_MHK_N_sRGB (1)Proudly standing atop Beacon Hill at 39-41 Mount Vernon Street, in the golden reflection of the State House, Maison Vernon defines grandeur in the most elegant of American cities.

Maison Vernon offers seven impeccably-designed luxury residences which embody the essence of luxury, harmony and balance. These brand new condominium residences remain true to their rich heritage while respecting the past and redefining for the future.

Enjoy single floor living on over 2,900 square feet in these three bedroom, three full and one half bathroom residences.  Each condominium offers unprecedented features incorporating the finest and most exclusive materials, the most extraordinary craftsmanship, together with state-of-the-art conveniences.

Maison Vernon is the perfect fusion of well-crafted modern European interiors with incomparable grand American architecture. The property features a fully restored historic building façade, an elegantly appointed European wrap-around staircase and grand unit entrances, 13’-9’ ceilings and private terraces ranging in size from 200-500 square feet.

MV Living Room 2

The living room boasts a 50’ wide, south –facing sun-filled living area with 11 windows and 3 exposures. Other features include imported French Oak chevron flooring, hand-carved Italian marble mantles and a gas fireplace.

Massive chef’s kitchens features imported Italian cabinetry and Carrara marble countertops. All Wolf, Subzero and Miele appliances were exquisitely selected.

The expansive master suite crosses the entire rear of the property and features an en suite bathroom, large walk-in closets and a three sided glass gas fireplace. Luxurious master bathroom boasts floor to ceiling hand-selected Carrara marble, elegant bath tubs with fireplace and city views.

MV Master Bathroom

Maison Vernon caters to its residents with attentive personal service providing services such as 24-hour valet parking service, 24-hour concierge, car service scheduling and more.

With its central location, the residences at Maison Vernon on Beacon Hill provide unmatched proximity to all the services, entertainment, arts and culture of Boston while enjoying a life of protected tranquility and charm.

MV Lobby INEvery aspect of these brand new condominiums have been thoughtfully considered. The Bostonian-Parisian development team shares a passion for design, commitment to quality and pride in craftsmanship, which all testify to this special project.

The luxury residences at Maison Vernon are exclusively listed by Beth Dickerson of Gibson Sotheby’s International Realty. For more information visit maisonvernon.com or call 617.510.8565.

Sotheby’s Auction House News: Contemporary Living Auction Correlates to Recent Rising Trends of 20th Century Collecting

Contemporary Life is a new sale concept originated from an increasing trend that has been observed across the 20th Century collecting categories of Prints, Photographs and Design. Wednesday, July 22, Sotheby’s will be holding their inaugural Contemporary Living auction in New York which is meant to provide a platform for people both new to and established in the worlds of art and design to material that is meant to be accessible, fresh and young.

According to Sotheby’s Senior Vice President and Chairman, Josh Holdeman, people are creating environments in which to live with objects from various discipline that resonate together rather than focusing on one singular category. Mixing and matching objects that “speak” to each other, either visually or thematically, seems to be an increasing trend in the way in which today’s modern interior is created.

The auction will showcase roughly 250 items and will feature artists and designers such as Diane Arbus, Helmut Newton, David Hockney, Andy Warhol, Ellsworth Kelly, Mies van der Rohe and George Nakashima. Featured below are some of the contemporary items up for auction:

1

David Hockney’s Pool Made with Paper Blue Ink, 1980. Estimate $10,000-15,000

2

Nino Migliori’s “IL TUFFATORE (THE DIVER).” 1926 Estimated $4,000- 6,000

3

Charles and Ray Eames, Lounge Chair, Model No. 670 and Ottoman, Model No.671 Estimate $5,000-7,000

4

Der Rohe, “Barcelona” Daybed. Estimate $8,000-12,000

To provide objects relevant to the ways in which we live today in a presentation that is visually simple, calm and clear was the inspiration and goal for the inception of Contemporary Living.

For more information about the July 22nd Contemporary Living sale visit Sothebys.com. 

Boston Real Estate News: Downtown Crossing to be the Site of a New 94 Residential Unit Tower

downtown crossingA Boston-based development firm has proposed building a 30-story mixed-use tower in Downtown Crossing, according to the Boston Business Journal.

The proposed project is for a 305-foot high tower with 94 residential units on the top 26 floors of the 3,648 square foot parcel at 533 Washington Street.  With a modern glass and zinc tower on the 26 stories above the base, the architect and design will retain the existing four-story façade which will include restaurant and “collaborate workspace uses.”

A file documented with the Boston Redevelopment Authority stated, “The project concept is for a tall, slender tower, featuring excellent interior light and sight lines, which will capitalize on — and enhance — the resurgence of the Downtown Crossing. The residential population of this area is now beginning to achieve a critical mass, and the project will contribute significantly to the emergence of a true, mixed-use downtown neighborhood.”

Located at the former site of Felt, between the Boston Opera House and Suffolk’s Modern Theatre, this new development would be just minutes from the site of Millennium Tower, a luxury condominium development currently under construction.

Source: Boston Business Journal

Real Estate News: Dorchester Projected to see Further Growth Throughout with Dozens of New Units

IMG_0492 editDorchester has seen a tremendous amount of growth over the past few months in areas surrounding the Ashmont T Station and along Dorchester Ave. That growth continues to expand further into Dorchester as there has been a proposal for dozens of new apartments and townhouses in Uphams Corner.

According to Boston.com Dorchester Bay Economic Development Corp wants to build 80 one, two and three-bedroom apartments and six two-single family homes for sale. Also, the project will include 20,000 square feet for commercial or light industrial businesses.

This brand new project would be within an arm’s reach of the Upham’s Corner stop on the Fairmount commuter rail line on a site that was once the old Maxwell Box factory. The developer plans to acquire city and state permits for construction over the next six months with a two to three build-out period slated for the first phase of the project, the apartments.

The total project cost including the commercial space is expected to be a total cost of $36 million.

As prices continue to grow throughout the city, Dorchester is becoming more and more desirable for prospective buyers, renters and developers. For more information or to inquire about Dorchester living contact our experienced Savin Hill team at 617.825.0800

Sotheby’s International Realty News: The Provençal Estate of Johnny Depp Now on the Market

World renowned actor, star in more than 50 major motion pictures, Johnny Depp has listed his property for sale with a leader of luxury real estate in France, Côte d’Azur Sotheby’s International Realty.

depp1

The estate is a former village comprised of approximately 37 acres with more than a dozen buildings – some dating back more than 200 years to 1812 when it was first mentioned in the French land registry.

The buildings include a main house, several guest cottages, a chapel, a workshop/garage, a staff house and more. The main house is made up of roughly 4,300 square feet and includes five bedrooms, three full and one half bathroom. Depp painstakingly restored and decorated all the houses of the village one by one over several years adding personal touch and exceptional character throughout at a cost of roughly $10 million.

depp5

Alexander Kraft, chairman & CEO of Sotheby’s International Realty France explains “Contrary to many other properties of major international celebrities, Johnny Depp’s estate has not been decorated by an interior designer, but by Johnny himself. As a consequence, the estate is not a ritzy showplace, but an utterly charming family home that truly reflects Johnny Depp’s unique character and taste. Johnny used the property extensively to get away from the Hollywood hustle, recharge his batteries and reconnect with nature.”

Additional features include two swimming pools, a gym, a skate park, a restaurant with a full professional kitchen and bar, a romantic hunter’s cabin, a painter’s studio and a children’s playroom.

depp2

The asking price for this charming property is approximately $26 million (€23.056 million). Including more than 12 bedrooms, 12 bathrooms and approximately 10,760 square feet of living space the sale will include some of Depp’s furniture, books, DVDs, art and many other personal belongings.

Johnny Depp acquired this estate in the picturesque village of Plan de la Tour, France, in 2001, and over the following 15 years spent a substantial amount of time on the property with his then partner, French actress and singer Vanessa Paradis.

Kraft concluded in stating, “Johnny has decided to sell the Plan de la Tour – property to close this chapter of his life and move on. He hopes that someone else will enjoy the property as much as he did and bring him or her the same happiness it brought him.”

For more information on this truly extraordinary property visit our website.