You are receiving this message because you have visited our site and requested to be contacted. If you no longer wish to be contacted, please use the removal link: REMOVE. | | | | Eating better without the work? That’s Tovala. | | | | | | “What’s for dinner?” That’s a question you never (ever) have to answer again. Tovala is the meal delivery service with its own smart oven and a rotating menu of chef-crafted meals to choose from every week, all delivered fresh to your door and ready in minutes. Tovala lets you eat well without spending all your time in the kitchen.
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Eating better has never been so easy. And now, Prime Properties Daily subscribers can get a Tovala Smart Oven for just $49 at Tovala.com | | | | | | Condo Market Declines in Florida and Texas | | | | Rising Inventory and Slowing Sales The condo market in major Florida and Texas cities is experiencing a significant downturn, characterized by increasing inventory and declining sales. In metropolitan areas like Miami, Jacksonville, Austin, and San Antonio, high homeowner association (HOA) fees and escalating insurance costs are causing potential buyers to reconsider condo ownership, resulting in falling prices.
Alarming Trends in Key Markets In Tampa, condo inventory surged by 57.2% year-over-year as pending sales plummeted by 18.9%, leading to a median sale price decline of 4.9%. Houston similarly saw a 35.9% increase in available condos, while pending sales decreased by 35.3% and prices dropped by 6.5%. Though single-family home inventories are also rising in these regions, they are experiencing a more favorable market, with prices generally on the rise.
National Overview: Condo Inventory Increases Nationwide, the trend of increasing condo inventory continues, but pending sales are not declining as drastically as seen in Florida and Texas. Prices across the country remain stable or are even rising, despite a nationwide drop of 5.5% in pending condo sales year-over-year.
Factors Influencing the Market Several reasons contribute to the declining demand and increasing supply in the condo market: Surging HOA Fees: In regions such as Florida, HOA dues have risen more than 15% compared to last summer. Increased maintenance requirements, especially following the Surfside condo collapse, have led to higher fees, pushing buyers away. Skyrocketing Insurance Costs: Frequent natural disasters in Florida and Texas have driven insurance premiums to new heights, further complicating condo ownership. Many buyers struggle to find adequate homeowner coverage as insurance companies exit these markets, prompting existing owners to sell. Decreased Investor Interest: Real estate investors are showing less enthusiasm for condos, with nationwide purchases down 3% year-over-year. Many previous investors are now attempting to offload their rental properties. New Construction Boom: Both Florida and Texas are witnessing a surge in new residential developments, including condos. This influx is adding to the already growing inventory as buyers hesitate to commit.
Market Sentiment and Future Outlook The current sentiment among potential buyers leans towards single-family homes that are move-in ready, making it increasingly challenging to sell condos. Awareness of the rising HOA fees and potential declines in condo value is contributing to buyer hesitancy.
Nationwide Trends in the Condo Market While sales are slow, condo prices nationwide remain relatively stable, with a year-over-year increase of 3.9%. The broader slowdown in condo sales can be attributed to the trends seen in key metropolitan areas in Florida and Texas, along with other Sun Belt cities experiencing similar challenges. | | | | Fall Into a New Language with Babbel | | | | | | Start speaking a new language this fall with Babbel: the language learning app for real conversation. With award-winning lessons, immersive podcasts, addictive games, and bonus content, you can start speaking a new language in as little as three weeks. Prime Properties Daily readers can use this exclusive link to get up to 55% off today! | | | | | | Luxurious Brentwood Mansion Available for Rent | | | | A Dream Retreat for Renters This extravagant Brentwood mansion, renowned for its lavish amenities, is now available for rent at a staggering $250,000 per month. Situated in a secluded cul-de-sac and overlooking the Getty Museum, the property offers an unparalleled living experience for those seeking the high life without the responsibilities of ownership.
A Stunning Property with a Rich History Originally purchased for $44 million after a competitive bidding process, the estate has seen its fair share of price adjustments since being listed for sale. Now, it has transitioned to a rental opportunity, showcasing its extravagant offerings and unique features.
Opulent Living Spaces Spanning nearly 17,000 square feet, this modern masterpiece boasts seven bedrooms and eleven bathrooms, elegantly designed for comfort and sophistication. Highlights include a soaring great room with a dramatic floating staircase, a linear fireplace encased in floor-to-ceiling stone, and an impressive living moss wall leading to a succulent garden below.
Entertainment and Leisure Galore The home is a haven for entertainment, featuring a car gallery, a sports simulator room, a 3-hole putting green, and a basketball court paying tribute to a legendary NBA icon. A gourmet kitchen, equipped with a separate catering area and walk-in freezer, complements the lavish dining experience highlighted by a stunning 1,000-gallon aquarium.
Luxurious Amenities on Every Floor The upstairs primary suite provides an indulgent retreat with a cozy seating area, private balcony with firepit, and dual closets and baths. The lower level offers a state-of-the-art movie theater with a starlit ceiling, a massage room, and an entertainment lounge, alongside a 250-bottle wine cellar.
Outdoor Oasis with Spectacular Features The outdoor space is equally impressive, featuring a 70-foot infinity-edge pool and spa, a cabana equipped with a TV bar, pizza oven, and barbecue station. Additional highlights include three rooftop decks and a detached two-story guesthouse. The property is safeguarded by advanced security measures, ensuring peace of mind for its residents. | | | | Don’t let a broken heater break the bank | | | | | | Home repair costs have surged in recent years due to inflation and supply chain issues, making unexpected breakdowns a financial burden for homeowners. Fortunately, a home warranty could help cover the repair and replacement of your home appliances and systems for a reasonable monthly fee. Check out Money’s list of the Best Home Warranties and start protecting your essential appliances. | | | | | | | | | | | | A Jeweler’s Aesthetic Oasis in Athens | | | | The Art of Home Design In the realm of exquisite jewelry design, attention to detail reigns supreme. The same meticulous approach extends to the newly renovated apartment of a celebrated jeweler in the Kolonaki neighborhood of Athens, where creativity and comfort seamlessly intertwine.
A Transformative Living Space The residence reflects a journey of personal evolution, showcasing a harmonious blend of style and function. Custom-built pieces, such as the striking bar crafted from wood and bronze, exemplify a commitment to quality and originality. Every corner, from the entrance door to the marble elements, has been thoughtfully revamped, preserving the building’s historical essence while enhancing its modern appeal.
Embracing Comfort and Light The aesthetic of the apartment is a testament to the importance of light and comfort. Bright, textured fabrics and warm wood tones create a soothing atmosphere, while a wraparound veranda adorned with lush greenery invites the outdoors in. This urban sanctuary aims to provide a tranquil retreat amid the bustling city life.
Celebrating Craftsmanship and Details A 73-year-old artisan meticulously painted the intricate ceilings, embodying the dedication to craftsmanship that defines this home. Inspired by the charm of old villas in the French and Italian countrysides, the design incorporates vibrant colors and subtle patterns, ensuring each space resonates with a sense of beauty and harmony.
An Inviting Oasis with Urban Views From the expansive terrace, breathtaking views of Athens showcase the city’s rich historical tapestry alongside its vibrant modernity. The lush garden and the centerpiece carob tree enhance the serene ambiance, providing a perfect spot for morning coffee rituals and evening relaxation.
A Dynamic Living Environment This residence not only serves as a peaceful escape but also a hub for creativity and inspiration. The dining room doubles as a workspace, bridging the gap between home life and professional endeavors. The chaotic charm of Athens fuels the ambiance, instilling a sense of belonging amidst the contrasts and complexities of urban living. | | | | Graceland Sale Halted Amid Controversy | | | | Legal Battle Over Elvis's Legacy Recent developments have put the sale of Graceland, the legendary estate in Memphis, Tennessee, on hold. A ruling from a Tennessee judge determined that the property is unique under state law, declaring that any loss of this historic real estate would result in irreparable harm.
Statement from Graceland Management In response to the court's decision, the estate issued a statement confirming the validity of the ruling, emphasizing that Graceland will continue to operate as it has for over four decades. The focus remains on providing a premier experience for Elvis fans worldwide.
Claims of Fraudulent Sale The legal dispute centers on allegations of a fraudulent sale initiated by a company claiming to hold rights to the property. An heir of Elvis has filed a lawsuit contesting the legitimacy of this entity, asserting that it does not exist and thus has no authority to sell Graceland.
Background of the Case Documents were presented last year suggesting that a substantial loan had been taken against Graceland as security. The lawsuit contends that these documents are fraudulent and that the heir’s mother never borrowed money from this alleged entity.
Support from Elvis Presley Enterprises Elvis Presley Enterprises, the organization managing the estate, supports the heir's claims. They confirm that attempts to sell Graceland are based on fraudulent claims, aligning with the lawsuit's assertions that no foreclosure sale exists. | | | | A Stunning Modern Retreat in St. Tropez | | | | Elevated Elegance Overlooking the CĂ´te d'Azur Nestled on a verdant hillside adorned with ancient olive trees and palms, this exquisite compound in Ramatuelle effortlessly blends modern design with the traditional charm of St. Tropez. Designed by a renowned architect, this residence serves as a tranquil escape from the summer heat of Paris.
Architectural Mastery and Luxury Completed in 2023, the residence showcases a harmonious interplay of stacked fieldstone and blonde stucco, framing breathtaking views of the Mediterranean. Entry into the home is marked by grand cast bronze doors leading to a wedge-shaped, double-height gallery filled with captivating artworks. The abundance of natural light streams in through floor-to-ceiling windows, enhancing the home’s inviting atmosphere.
Thoughtfully Designed Living Spaces The living room is divided into two distinct areas and features a striking curved stainless steel fireplace. A bronze-clad spiral staircase, adorned with hand-stitched leather, descends to a unique disco space illuminated by colorful light columns and retro-inspired art.
Seamless Indoor-Outdoor Connection Each second-floor bedroom boasts expansive windows, with balconies wrapping around to create generous terraces. The rear yard centers around a curvaceous pool, its custom ceramic tiles shimmering in hues of green and blue, complemented by lush terraced landscaping.
Entertainment and Wellness Amenities An outdoor kitchen, dining area, and lounge can be found on the western terrace, all shaded by translucent tensile structures. Below the pool area, a glass-walled fitness center offers stunning views while blending seamlessly into the hillside. A nearby guesthouse, designed in a loose L-shape, opens to the Mediterranean and is adorned with a green roof of succulents that mirrors the pool’s flowing forms.
A Harmonious Sanctuary This elegant retreat embodies a perfect balance of airy sophistication and grounded simplicity, creating a sanctuary far from the bustling energy of Paris. The serene location allows one to enjoy the gentle sounds of leisure drifting from nearby Le Club 55, making it an idyllic escape in this picturesque corner of the world. |
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