Fishing for Luxury? Catch the Schwalbach Residence Coming Up for Auction

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The Schwalbach residence is a one-of-a-kind, oceanfront residence built with no expense spared. So why would owner Roy Schwalbach risk selling his beloved estate at auction with no reserve?

Basically, the jack-of-all-trades and owner of New York’s wildly successful Jack Studios is a busy guy. He doesn’t have time to let his Ocean City, MD, estate linger on the market.

So to avoid letting the listing languish, there’ll be a quick, intense marketing push to well-heeled East Coasters in advance of the auction date of Sept. 10. Once that day comes and goes, the home’s sale will be complete, regardless of whether the highest bid reaches the current $3.9 million listing price.

Aerial view

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Auctions have become popular with owners whose properties have no area comps. A set bidding date pushes buyers interested in these properties to make a decision, instead of hanging around and waiting for the price to drop.

What type of buyers might be interested in this prize property? Well, anyone who wants a luxurious vacation home on the water five hours from New York or three hours from Washington, DC. Or perhaps a competitor in the local White Marlin Open, the “World’s Largest and Richest Billfish Tournament,” with $4.42 million in prize money. Land a big fish, buy a big mansion.

Kitchen

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Schwalbach’s hip home was built by architect David D. Quillin in two phases, one completed in 2003, the other in 2014. It has five bedroom suites and five bathrooms spread over 5,003 square feet of space, but that’s just the beginning of the story.

The owner, who has a luxe modern aesthetic, used mosaic tiles imported from Italy and installed a $45,000 tub in the master bathroom. He selected an Italian Boffi kitchen with Sub-Zero appliances, and had all the floors finished with radiant heating. Almost every room has an exceptional view, including the state-of-the-art gym. And in a nod to the sun, the home is positioned to be solar energy–efficient.

Lush grounds

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The nearly 1-acre grounds include a saltwater pool, a private boat dock, a putting green with a fire pit and seating area, and a stocked koi pond. Schwalbach will even include the furnishings and the fancy red Ferrari in the garage for the right price, which can be negotiated by the property’s winning bidder.

Now lest you think you can simply show up on auction day and score a steal of a deal for $49.95, you need to know that bidders must be pre-qualified by Elite Auctions. The process involves depositing $25,000 in an escrow account before the auction (which will be returned if you’re not the highest bidder), and the ability to part with 10% of the sale price the moment the gavel drops. Only big-game real estate fishers need apply.

Bedroom

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Living room

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Gym

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Discretion Is Not a Problem at These Manhattan and Miami Towers

March

Disgraced former politician Anthony Weiner may be on the lookout for a new place to live after his wife, Huma Abedin, announced their separation following his latest sexting scandal.

Mr. Weiner, who will no doubt want to keep a low profile and stay out of the public eye and away from the paparazzi’s glaring cameras, may want to check out one of a myriad of new buildings where developers have taken privacy to the next level.

Many developers are including the likes of porte-cochères, secured entrances, private elevator banks, and additional levels of staff and cameras so that high net worth buyers (or those more scandal-plagued like Mr. Weiner) will never have to step onto the sidewalk outside their building, or go through their apartment lobby.

Here’s our round-up of some under construction in both Manhattan and Miami:

On the market:

252 East 57th Street, Manhattan

A rendering of the entrance at 252 East 57th Street.

Williams New York

At World Wide Group’s newest building 252 East 57th Street, there will be a gated porte-cochère that achieves a notable level of privacy, as residents will be able to drive straight into it and enter the building without ever being outside. Another bonus is that within the porte-cochère is the largest automated parking garage in New York with four electric car charging stations. The first residents will move into the building in October.

Porsche Design Tower, Miami

A rendering of the Porsche Design Tower’s car elevator, which will transport your automobile into your condo unit.

Metrostudio.com

When it opens in September, not only will the 56-story tower in Sunny Isles Beach be one of the world’s first condominiums where elevators take residents directly to their private apartments while sitting in their cars, it will also have a private residents-only restaurant. Another private perk:  10-by-15-foot individual plunge pools on almost all of its balconies–a first in Miami.

One Thousand Museum, Miami

Designed by Zaha Hadid Architects, the 62-floor residential tower will feature a crystalline façade.

Catapult 13 Creative Studios

This Zaha Hadid-designed tower, set to be completed late next year, has a 24/7 security program focused not just on residents, but also on their guests and personal property. A security consulting firm has worked closely with the developer to address matters ranging from the structure of the building to sophisticated surveillance systems and appropriate security personnel. There is also a bank-quality vault containing an individual safe deposit box for every residence.

1 Great Jones Alley, Manhattan

A rendering of the entrance 1 Great Jones Alley, a 16-unit condominium in Manhattan’s NoHo neighborhood.

March

A unique and standout feature of 1 Great Jones Alley, a boutique condo in NoHo that is due for completion late next year, is the main residential entrance discreetly tucked away at the end of Great Jones Alley, a historic Belgian block alleyway. Residents will enter a gate and head down the alley to the building’s attended lobby, away from the public eye.

One River Point, Miami

A rendering of a condo at One River Point.

Kar Properties

Having seen a rise in demand for the tightest security, One River Point–Rafael Vinoly’s Miami debut on the Miami River–incorporated a multi-level, biometric security program. The cutting-edge biometric identification software will take residents to their specific floors after scanning their faces. The building will also have a 24-hour security room and an on-site vault for residents’ art and valuables.

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Is Chris Brown the Worst Next-Door Neighbor of All Time?

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There are bad neighbors, there are worse neighbors, and then there’s Chris Brown. The R&B bad boy hasn’t exactly displayed model community behavior in the past, but after a drawn-out police standoff earlier this week he seems to have redefined the concept of a next-door nightmare. At least, that’s according to his upscale Los Angeles neighbors, who are now begging the bad-tempered, scandal-plagued celeb to get the hell out.

Let’s face it, not all neighbors are handing out homemade Bundt cakes or offering jump-starts or baby-sitting services to everyone in the hood. No. Some like to throw wild parties and blast loud music, others refuse to mow their lawn or cut down their tree branches that extend over the property line, and still others are just downright unpleasant.

But after the recent standoff, complete with police helicopters circling overhead, even Brown’s neighborhood pals are saying no mas. 

R&B singer Chris Brown neighbors want the bad boy to move out of their Los Angeles neighborhood following a standoff with police on Tuesday.

Google Earth

Los Angeles Lakers player Nick Young captured a video of the hourslong debacle and then pleaded with his friend to go. The video, which was eventually posted online, shows some of the drama after cops showed up to Brown’s Tarzana home on Tuesday in response to a 911 call from a woman who said Brown was threatening her with a gun. They waited for a search warrant to enter the six-bedroom home.

“Chris Brown, you gotta move, man,” Young, who goes by “Swaggy P,” says in the video. “Go on, get away from over here, please. You’re making the block hot, buddy.

“[They] got SWAT teams and helicopters flying over my head, [and] I’m thinking they’re after me. We only have about five or six black people over here anyway. … They’re going to take me [and] you,” he continues. “There’s really only two of us over here, man. And at this rate, you’re gonna make it one.”

During the standoff, Brown allegedly chucked a duffel bag containing two guns and drugs out of his window, TMZ reported. He was arrested on charges of assault with a deadly weapon and then released on $250,000 bail.

His lawyer, Mark Geragos, tweeted that Brown “was out and well” and the “allegations against him are demonstrably false.”

Brown moved into the neighborhood only last summer, but since then his antics have garnered more than a few complaints from those unlucky enough to live nearby. He purchased his home for $4,350,000.

In May, one neighbor went to the cops after Brown and a friend allegedly rode all-terrain vehicles through the community and did several doughnuts on the irate neighbor’s front lawn, according to ABC News. When the property owner asked him to stop, Brown hurled obscenities at him.

In June, the singer was sued for allegedly punching his manager in the neck and face, implicated in threatening a tour manager, and accused of destroying a villa in Ibiza, Spain, leaving knife marks on the walls, urine in a bed, and vomit everywhere, according to the New York Post.

This year Brown was also accused of beating a man during a concert in Cannes, France. In 2014, he served 108 days in jail stemming from a probation violation for getting into a fight outside of a Washington, DC, hotel.

But Brown’s anger issues haven’t stopped TeamBreezy fans (as they’re known) from making Brown’s “Royalty” album, released last year, gold and getting the single “Back to Sleep” on Billboard’s Top 20. They may love his music—but chances are that after this latest neighborhood debacle even the most die-hard fans (with equally large bank accounts) just might think twice before moving onto his block.

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This House Hasn't Been Touched Since The '70s And It's For Sale If You Want It

A delightful time capsule of shag carpet perfection.

If you've ever wondered what it would be like to live in '70s SHAG CARPET HEAVEN, well, check this out.

Matt Duffy/Century 21 Duffy

This yuuuuge house in Framingham, Massachusetts, is a total time capsule of 1970s glory.

Have you ever seen so much lime green in your life?

Matt Duffy/Century 21 Duffy

"The original owner built the house and customized it and did all the decor in the early ‘70s," realtor Matt Duffy told BuzzFeed. And even though the new owners have lived in the house for more than 20 years, they haven't changed a thing.

So much wood paneling!

Matt Duffy/Century 21 Duffy

The curtains match the bedspreads perfectly.

Matt Duffy/Century 21 Duffy

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Here’s where Orlando ranks for housing market recovery

Looks like Orlando's housing market still is crawling its way out of the Great Recession — the area was ranked No. 92 among 100 metros surveyed for home price recovery, according to mortgage market tracker HSH.com. The study compared the median home price now to its peak number since 1991 to determine how well housing markets have recovered since the crash. At $229,900, Orlando remains 25.63 percent below its peak of $288,820. But Orlando Regional Realtor Association president John Lazenby says…

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John Legend and Chrissy Teigen Find a Buyer for Their Manhattan Condo

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It looks like new parents Chrissy Teigen and John Legend have found a buyer for their Broome Street loft in downtown Manhattan.

The sales price is hush-hush because the deal hasn’t closed yet, but the newly renovated loft was listed for just shy of $4 million on agent Jason Walker‘s site.

The two-bedroom, two-bathroom unit is located in the Brewster Carriage House, a 19th-century building on the corner of Broome and Mott in the Nolita neighborhood.

Living room

CORE

Measuring nearly 2,000 square feet, the condo, which made the cover of Architectural Digest in February 2015, features reclaimed wood floors, cast iron columns, and exposed brick walls. Oversize windows surround the main living area graced by a fireplace and an office alcove.

The chef’s kitchen boasts a mosaic tile backsplash beneath cognac-colored cabinets and a massive walk-in pantry that doubles as a laundry room.

Teigen, a model and co-host of Spike TV’s “Lip Sync Battle,” and Legend, an award-winning singer-songwriter, bought the condo in 2012 for $2.5 million, according to the New York Observer. They have a 4-month-old daughter, Luna.

Dining room and kitchen

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RICS, NAR join hands to train real estate brokers - ETRealty.com

NEW DELHI: Global body for standards in built environment RICS and industry body for real estate agents National Association of Realtors (India) have joined hands to launch a co-branded management development program (MDP) for brokers with over ...

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