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New Year’s property list
Leading property journalist Saundra Satterlee
chooses her favourite ten properties around the world
From a private
island in the Seychelles to a medieval castle in France or
even a Fijian retreat with an inclusive jeep, 35-foot cruiser
and E320 Mercedes Benz – the world is full of highly
desirable and expensive properties. Being charged with the
brief of choosing ten destinations across the globe was an
immensely enjoyable experience purely and simply because property
fascinates me and has done for as long as I can remember.
This interest derives from my ‘super-mother’ who,
after converting a New York brownstone mansion into apartments
when I was a toddler, moved on to design and subcontract large-ultra
modern houses in the leafy, wooded suburbs of Salt Lake City.
If mother was not drawing blue-prints, ordering bricks or
overseeing earthmovers, she had a paintbrush in her hand.
As a family we moved every few years to her next project.
In an otherwise orderly, or-dinary and loving family, from
an early age I was im-bued with an interest – through
my mother’s eye – in property.
My 2005 property list includes two destinations with strong
personal associations. One is in the French Côte d’Azur’s
ultra-exclusive Cap Ferrat, where as a teenager I made a pilgrimage
to Somerset Maugham’s house. (I too – like my
hero Maugham – would become exiled from my homeland,
America.) The other is in the US, where my choice, a neo-modern
Connecticut home, is not too dissimilar from the less grand
versions in which I grew up. Thus as an accolade to my mother
and my formative years, Conn-ecticut is my premier global
choice.
On a more objective note, the world’s luxury residential
market is booming. At the New York HQ of the international
Coldwell Banker Real Estate Corporation, Jim Gillespie, president
and CEO, says: “By November 2004, sales through our
luxury marketing programme were 52 per cent up from the previous
year. This is particularly significant considering that 2003
marked more luxury home sales than during any other year in
the company’s history.” But what price luxury?
In the US luxury market alone, Forbes reported the average
2004 luxury house price at $55.25 million, up more than $5
million over one year. By comparison, our Investment Inter-national
New Year’s properties range from $2.09 million to $34.56
million, and are absolute ‘bargains’.
If, though, like me you are not in the position to splash
out on a million-plus property, you’ll take heart from
Frank Sinatra when he sang: “I’m no millionaire
but I’m not the type to care ’cause I’ve
got a pocketful of dreams.” Whether it’s a wish-list
or you’re in the market to buy now, let’s take
a closer look.
Fijian fantastic
How would you like a South Pacific retreat and a
35-foot cruiser with a flying bridge, a Mercedes and a Prado
four-wheel-drive jeep all included in the price? Transport
need not be a worry at this contemporary property on The Cove
at Denarau Island, Nadi. Expansive open-plan living leads
on to a wide covered terrace and an infinity pool. The house
features five bedrooms, an office, gym, wine cellar and home
theatre. The all-encompassing price – with furniture,
vehicles and a boat – is a reasonable FJ$3.5 million
($2.09m), and is my ‘cheapest choice’, from Bayley’s
Realty. Contact – www.bayleys.co.nz
French Fairytale
Legend has it that Richard the Lionheart is buried
in the grounds of this fairytale chateau near Limoges. The
price-tag of €26 million ($34.56m) may seem steep for
a medieval fortification, but when you realise that you’ll
be getting 500 acres of prime oak and chestnut forests, lakes,
pastureland and 17 bedrooms – plus everything from a
‘Great Knights’ Hall’, chapel and music
room to a home cinema, library and dungeon – the price
starts to make more sense. Alongside central heating throughout
and an integrated computer network, the owners are throwing
in a personalised ‘château’ dinner service
for 30 people. Outbuildings range from six houses to extensive
stabling. For the ultimate in privacy, contact Savills –
www.savills.com
French finesse
Cap Ferrat epitomises luxury and prestige and is
a destination oozing with famous residents. The joint villas
Sarah and Tabuk, set on a dramatic hillside with views across
the Mediterranean, have been cleverly designed to provide
flexible accommodation for entertainment on a grand scale
or to enjoy family privacy. Villa Sarah is the main residence
with lavish living and reception rooms and some accommodation,
while Villa Tabuk provides the principal bedrooms. Amenities
include two swimming pools, a jacuzzi and steam room. There
is direct lift access between the villas and the indoor and
outdoor pools. Mature gardens are terraced with a series of
attractive retaining walls. The property provides garaging
for 10 cars and extensive domestic office and staff accommodation.
Available from Knight Frank for €23 million ($30.6m)
– www.knightfrank.com
‘Irishly’ individual
Humewood Castle is not really a castle, but a Victorian
castellated and impeccably constructed country house –
some say ‘a grand folly’. Being set within in
a walled sporting estate of 440 acres in an area of outstanding
natural beauty just 45 miles south of Dublin makes Humewood
special and for €16 million ($21.2m), good value for
money. The house contains 13 bedrooms and extensive reception
rooms. Outside is stabling for 18 horses, an outdoor arena
and four lodges. A further selling point is that a planning
application has been submitted for 26 houses, which could
be sold separately with 120 acres. From Sotheby’s International
Realty – www.sothebysrealty.com
Italian indulgence
No list of the world’s most desirable destinations
would be complete without an Italian Renaissance palace. Palazzo
E Giardina Guisti – described as one of Italy’s
most desirable and prestigious properties – sits in
an 18,000-square-metre park with geometrically perfect hedges,
mythological statues, fountains, cypresses, and a labyrinth.
Visited by numerous famous persons such as Mozart, Goethe,
Emperor Joseph II and Tsar Alexander, the palace comprises
5,500 square metres on three floors plus cellars and attics
connected by two monumental staircases and three secondary
stairs serving the intermediate floors. The second floor has
five reception halls, frescos, fireplaces and original wooden
floors. In addition to the palace, there is an 18th-century
cottage and a 19th-century villa. Situated at the heart of
historic Verona, the asking price is €14 million ($18.6m)
from Giorgio Viganò – www.italian-network.it
Kiwi kismet
One of New Zealand’s most expensive mansions
is located on a clifftop overlooking Auckland’s outer
harbour, Rangitoto Island and the Pacific Ocean. Designed
by Pip Cheshire of Jasmax Architects with an emphasis on glass
and light with nearly 11,000 square feet of living space,
the property has been named New Zealand’s ‘top
home of the century’ by National Business Review. Four
bedrooms, three bathrooms, a cinema and library are complemented
by a swimming pool, pool house and spa plus underground parking
for seven cars. The sale price is NZ$8.25 million (US$5.8m).
Further information from Bayley’s Real Estate –
www.bayleys.co.nz
Mustique magic
Long known for exclusivity, properties for sale
on the island of Mustique are rare, especially those with
11 acres of ground. Alizé – surrounded by lush
tropical foliage on one side and crystalline blue seas on
the other – is exceptional. Its clifftop position affords
panoramic views across distant islands and year-round sunsets.
A long, winding driveway leads to the principal residence
with its two reception rooms and a spectacular octagonal dining
room that overlooks a large infinity-edged swimming pool to
the horizon beyond. Two wings of accommodation branch off
from main living areas. Outside are formal gardens, terraces,
an elegant dining gazebo, one guest cottage and three two-bedroom
purpose-built cottages. The property, at $11.5 million, is
fully furnished with a mix of antique and New World furniture.
From Knight Frank – www.knightfrank.com
South African supreme
If a sweeping ‘Scarlet O’Hara’
staircase and vaulted ceilings appeal and if you wish to join
the swelling ranks of international buyers seeking a South
African foothold, one of Johannesburg’s finest properties
has come on the market for ZAR23.76 million ($4.1m). The seven-bedroom
house sits on an acre of land in the élite suburb of
Sandhurst and boasts a wine cellar described as ‘large
enough for a monastery of monks with the character of a bacchanal
festival’. The grounds include formal gardens, fountains,
lawns, a pool and two separate mini-villas. Through Lew Geffen
– www.sothebyslewgeffen.co.za
Spanish spectacular
Palazzo Dell Luce in the exclusive enclave of La
Zagaleta on the Costa del Sol has strongly rumoured Hollywood
connections – designed and built by an unnamed celebrity
who decided finally that the area was not for him. The palatial
villa was created with specialist collaboration between local
and international contractors to create one of Europe’s
finest residences.
Standing on a 20,000-square-metre plot, the property has panoramic
views over the Mediterranean. A double-height entrance hall
leads to various reception rooms, a master bedroom with a
jacuzzi, four further guest suites and two self-contained
apartments, all spread over three floors. The library has
mahogany panelling from the US. There is also a gym and spa
with a Turkish bath. Bathrooms use rare marble and are inset
with semi-precious stones. Not surprisingly, there is a large
cinema. Ceramic tiling in the pool is interspersed with pieces
of pure gold. A snippet at €20 million ($26.5m) from
Hampton’s International – www.hamptons-int.com
Sumptuous Seychelles
If you long for the splendid isolation of your own
tropical island – just 1,800 miles from India, 800 miles
from Kenya and 0.3 miles from the archipelago’s largest
island of Mahe – Therese Island is for sale. With easy
access from the mainland this 179 acres (74 hectares) of paradise
is laden with tall palm trees and lush vegetation. No wonder
it has been described as an emerald gem in the turquoise waters
of the Indian Ocean. The highest point above sea level is
640 feet (160 metres). From this vantage point you can view
white sand beaches and the many ‘romantic’ rock
alcoves at the water’s edge. For sale freehold, the
price of €4.2 million ($5.57m) reflects the absence of
any dwellings, but the island beckons development as a private
retreat for one family or as a bungalow resort. Therese is
for sale through the world’s largest island broker –
Vladi Private Islands. Contact – www.vladi-private-islands.de
United States ultimate
The bright lights of Manhattan are a mere 45 minutes
from Greenwich, Connecticut, once described as ‘New
York with grass’. From the big-city buzz to suburban
tranquillity, the best of both worlds are yours if you buy
this showcase neo-modern house on seven acres of gated and
formally landscaped land. With five bedrooms, six full and
four half bathrooms. There is an indoor swimming pool and
a second pool outside with spa, plus an illuminated tennis
court, a two-bedroom cottage and a seven-car garage. On the
market from Sotheby’s International Realty, Greenwich
Brokerage for $15 million. See www.sothebysrealty.com
So ends my wish-list – and one day, who knows…

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