News and thoughts from behind the FrontDoor
Posted by Annalisa Burgos | October 27, 2009
Even celebrities are having a tough time unloading their multi-million dollar properties in this market.
From rapper 50 Cent’s money pit to pop star Ryan Cabrera’s short sale, you may find a deal if you’re in the market for a luxury home.
http://www.frontdoor.com/home-finance/Top-10-Celebrity-Homes-For-Sale/55319
Posted by Annalisa Burgos | October 2, 2009
From our Cool Houses Daily files:
Another one of disgraced stockbroker Bernie Madoff’s properties is on the market — this time in Palm Beach, Florida.
Just months after Madoff was sentenced to a 150-year prison term, the Palm Beach home he owned with wife Ruth is up for sale for just under $8.5 million.
Like his Hamptons property, which sold in mid-September, the home is relatively bare inside since U.S. Marshalls have cleared out the Madoff’s furnishings and personal belongings to sell at auction.
The rest of the furniture will be cleared out when a lucky buyer wins this unfortunate historical icon. All the profits from the sale of the home will go towards restitution for the victims of Madoff’s Ponzi scheme.
The listing touts the property as “a return to classic Florida island living,” and something about the property’s casual furnishings and landscaping are reminiscent of days gone by.
The home was purchased and renovated in the early 90s by developer Michael Burrows, so it does include fairly recent updates and some of his classic features: a 22-foot Cypress beamed ceiling with stainless steel hardware, a Honduran Mahogany front door, and large rooms with high ceilings. The home also has enough closets to fit even a Ruth Madoff-sized wardrobe.
Posted by Annalisa Burgos | July 16, 2009
It’s safe to say real life Harry Potter — actor Daniel Radcliffe — can comfortably continue to pay the mortgage on his posh Manhattan apartment.
“Harry Potter and the Half-Blood Prince,” the sixth installment of the popular franchise, raked in more than $58 million on opening day alone (notably fueled by hard-core fans who came dressed in costume for a midnight showing). And millions more are expected to see the film this weekend.
The actor, who turns 20 next week, owns a 2,450-square-foot penthouse at 1 Morton Square in the Far West Village, facing the Hudson River.
He paid $4.9 million for it in February 2008, but it’s likely to be worth less than that today, with average home prices in NYC down more than 20 percent.
But when you’re Harry, who cares?
Radcliffe’s corner three-bedroom apartment is all luxury, with amazing views of New York Harbor, marble and granite surfaces and a 500-bottle wine cellar.
Don’t judge Radcliffe’s style based on these photos — they’re from the original listing. I’m pretty sure Radcliffe changed the decor when he moved in. I would have.
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