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Luxury Real Estate Trends to Watch in 2020 

What will 2020 bring?  These four trends are expected to impact luxury buying and selling in the new year and decade ahead. 

1. Luxury Housing Holds Steady

This year, expect “guarded optimism” to replace last year’s uncertainty over fears about a global economic slowdown, a U.S.-China trade war and a potential U.S. recession, according to Mansion Global. This is encouraging news for luxury real estate, which has traditionally been tied to global economic growth, yet is generally more insulated from market fluctuations. Many U.S. luxury housing meccas are generally stable, while some high-end hotspots like Los Angeles and Miami could be poised to rise or make a comeback in 2020. 

2. The Rise of the Mid-Sized Luxury Market 

When realtor.com released its annual list of the hottest markets last December, surprise cities like Boise, McAllen, Texas and Tucson topped the list. “The cities that we expect to do best in 2020 are not necessarily big, fancy, coastal cities, but secondary markets where the job market is still pretty good but housing is affordable,” said Danielle Hale, chief economist of realtor.com. Affluent buyers from high-cost cities want a good deal as much as anyone — so we expect to see midsized cities with stable and solid economies and more affordable housing as the top performers in 2020. 

3. Less Square Footage

“Less” is becoming “more” — even in the highest price segments. Consistent with NAHB data that found the average new single-family home size has been trending lower since 2015, realtors in some luxury markets are reporting that a growing number of affluent buyers are willing to “trade space for place.” This is especially true in the luxury condo segment, where buyers are increasingly getting flexible on square footage if a building has amenities or hospitality programs attached to it. 

4. Urbanization of the ‘Burbs, Emergence of ‘Hipsturbias’

People are moving back to the cities, it’s true — but as millennials start families another phenomenon has emerged, according to Emerging Trends in Real Estate 2020, a report released by Urban Land Institute and PwC: “hipsturbias.” Hipsturbias are suburban markets with hip or cool live/work/play environments offering walkability and/or transit access. Brooklyn is a prototype, but hipsturbia examples are beginning to crop up across the U.S. — from New Jersey communities such as Hoboken, Maplewood, and Summit, to New York’s Yonkers and New Rochelle, to Evanston, Illinois and further out west — Santa Clara, California, and Tempe, Arizona. 

Which trend do you see impacting your community?

The post Luxury Real Estate Trends to Watch in 2020  first appeared on Century 21®.

Source: century21.com

Newly Renovated, 1915-Built Townhouse in Park Slope Asks $4.4 Million

A four-bedroom townhouse with park views and tons of charm has recently hit the market, and we’re dying to tell you all about it. The listing, brought to market by Compass’ Michael J. Franco, is right next to Prospect Park, Brooklyn’s second largest park, and has plenty of outdoor space (and a rooftop deck to boot).

The townhouse sits in one of Brooklyn’s trendiest, most desirable neighborhoods — Park Slope — with its leafy streets lined with brick and brownstone townhouses, many of which were built near the turn of the 20th century and have been lovingly updated over the decades by young families migrating from Manhattan. Much like its neighboring properties, the 2,600-square-foot townhome at 15 Prospect Park was originally built more than a century ago in 1915 and retains its old-world charm — but has been carefully updated to meet modern standards of living.

beautiful townhouse in prospect park, Brooklyn
Park Slope townhouse on the market for $4.4 million. Image credit: Compass//Michael J. Franco

With 4 bedrooms, 3.5 baths, a generously sized living room, and a finished basement, the Brooklyn townhouse also comes with a few rare features for a New York home: ample outdoor space and private parking (that includes a private garage and its own driveway).

The layout is split on three levels, with the first floor housing a large living room and open dining room — both with distinctive pre-war features like classic moldings and arches — and a renovated kitchen that opens up to a lovely terrace.

inside a beautiful pre-war townhouse in Park Slope, Brooklyn
Beautiful living space with distinctive pre-war features like arches and moldings. Image credit: Compass//Michael J. Franco
dining room of a pre-war townhouse in park slope, Brooklyn
Beautiful living space with distinctive pre-war features like arches and moldings. Image credit: Compass//Michael J. Franco
renovated kitchen in Brooklyn townhouse
The renovated kitchen. Image credit: Compass//Michael J. Franco
lovely terrace of a pre-war townhouse in Park Slope, Brooklyn
The Park Slope townhouse has a lovely terrace. Image credit: Compass//Michael J. Franco

The second floor is home to 3 bedrooms and a sizeable landing which is perfect for either a library or a home office, while the third floor is dedicated to the primary bedroom suite and its massive walk-in closet, renovated bath with skylights and soaring ceilings, with a separate sitting area/den. The third level also provides access to the townhouse’s own rooftop deck, which adds more outdoor space and looks like a perfect place to entertain guests.

bedroom of a charming brooklyn townhouse in park slope
Bedroom opens up to Prospect Park views. Image credit: Compass//Michael J. Franco
bathroom with skylight in brooklyn townhouse
 Renovated bath with skylights and soaring ceilings. Image credit: Compass//Michael J. Franco
roof deck of a brooklyn townhouse in park slope
Rooftop deck of the $4.4 million townhouse in Park Slope, Brooklyn. Image credit: Compass//Michael J. Franco

The property is listed for $4,400,000 with Compass associate real estate broker Michael J. Franco.

More beautiful New York City homes

This Brooklyn Condo Has a Dreamy Backyard that Will Make You Forget You’re in the City
Trophy Apartment Once Owned by Composer Leonard Bernstein Asks $29.5 Million
These 5 Unique Listings Will Remind You of Everything that Makes NYC Real Estate Special
This $16M NYC Penthouse Has Unobstructed Views of Central Park and the Manhattan Skyline

The post Newly Renovated, 1915-Built Townhouse in Park Slope Asks $4.4 Million appeared first on Fancy Pants Homes.

Source: fancypantshomes.com

New Jersey’s Gloria Crest Estate, Once Home to Hollywood Silent Film Starlet, Now on the Market for $9.9M

The sprawling villa at 83 N. Woodland St. in Englewood, N.J., got a major price cut, going from $39 million to just $6.9 million. Peek inside!

Source: fancypantshomes.com

Charming Estate With Ties to The Beatles On the Market in Connecticut

A gorgeous, sprawling Connecticut estate with ties to The Beatles, Prudence Farrow, and the Gershwin brothers is up for sale in Westport for $9 million. 

The seven-bedroom, eight-bathroom, 9,360-square-foot property at 157 Easton Road, also known as River Run Estate, is being marketed by Compass’ Susan Vanech. It was originally built in 1955, and completely renovated in 2020, pairing old-school charm with modern-day amenities. 

The marketing for the resort-style estate is inspired by John Lennon’s ‘Imagine,’ as a reflection of the home being restored and getting a new lease on life. But there is also another, far more fascinating connection to The Beatles. 

Westport, CT home with ties to The Beatles. Image credit: Compass

Their song ‘Dear Prudence’ was based on Mia Farrow’s sister Prudence Farrow, who fell into a deep depression during her teenage years after her father’s sudden passing. John Lennon and George Harrison, who were in the same social circles as Prudence, wrote the song to help lift her spirits — and it ended up becoming a massive hit. 

At the time, Prudence Farrow was living at the River Run Estate, and in her memoir, she describes hiking in the woods near the property, canoeing, skating on the pond, and playing with the neighborhood kids.

Back when Prudence resided at 157 Easton Road, the property was owned by violinist and photographer Leopold Godowsky Jr., and his wife Frankie Gershwin, younger sister to George and Ira Gershwin (the songwriting team whose songs were synonymous with the sounds and style of the Jazz Age). The frequent parties and gatherings at River Run Estate are said to have maybe inspired some of the Gershwins’ most popular compositions. 

The estate is the epitome of relaxed, outdoorsy Connecticut living, featuring personal tennis courts, a home gym, and access to the river waterfront with waterfalls to canoe, paddle, or swim.

river run estate in connecticut
Westport, CT home with ties to The Beatles. Image credit: Compass
Westport, CT home with ties to The Beatles. Image credit: Compass
Westport, CT home with ties to The Beatles. Image credit: Compass

There are also plenty of walking and hiking trails, as well as a pool and spa with a steam room. The outdoor area also includes a river house and a greenhouse, so the property would be an ideal fit for someone who loves the outdoors and enjoys being in nature year-round. 

Inside the property, there is an exquisite owner’s suite, as well as separate guest quarters for when friends or family come to visit. The home incorporates quiet offices, perfect for a work-from-home setup, a spacious dining room, multiple fireplaces, and fantastic views. 

Westport, CT home with ties to The Beatles. Image credit: Compass
Westport, CT home with ties to The Beatles. Image credit: Compass
Westport, CT home with ties to The Beatles. Image credit: Compass
Westport, CT home with ties to The Beatles. Image credit: Compass
Westport, CT home with ties to The Beatles. Image credit: Compass
Westport, CT home with ties to The Beatles. Image credit: Compass
Westport, CT home with ties to The Beatles. Image credit: Compass

Keep reading

A Charming Home Featured on HGTV’s ‘Property Brothers’ is Looking for New Owners
Shigeru Ban-Designed Home in Sagaponack, NY is the Prized Architect’s Only Project in the Area
New Jersey’s Gloria Crest Estate, Once Home to Hollywood Silent Film Starlet, Is on the Market
These 5 Unique Listings Will Remind You of Everything that Makes NYC Real Estate Special

The post Charming Estate With Ties to The Beatles On the Market in Connecticut appeared first on Fancy Pants Homes.

Source: fancypantshomes.com

Here’s Everything You Need to Set Up a Meditation Corner in Your House

Our home should be a place of peace in the middle of a hectic world. Here’s what you need to create a beautiful meditation corner in your house.

Source: fancypantshomes.com

How to Turn Your Kitchen Into Every Coffee Lover’s Dream

If you’re a coffee lover, you know that drinking coffee is a complex and nuanced experience, from the rich aroma, comforting warmth, to the actual ritual of sitting down with a fresh cup in the morning, getting ready for the day that lies ahead.

So why not make your kitchen accommodate for the best possible coffee experience? Having a dedicated area in your home where you, your family, and guests can savor some good cups of espresso together will surely make your household the neighborhood’s favorite.

Whether you opt to make it a formal or an informal space, it makes your home warm and welcoming. It also adds a note of flair to your kitchen, setting it apart from the rest — if not by much added visual appeal, certainly by the irresistible smell.  

Having a dedicated coffee corner in your kitchen is one of the latest trends in modern kitchen design, and it’s no longer restricted to luxury homes and hotels.

In fact, setting up a coffee corner is quite easy, and starts with something as simple as selecting a special space in your kitchen where you can place all your coffee-making essentials. You can then up the stakes by having a custom-built coffee bar to suit your style. You can also DIY create a coffee station with a cabinet, carts, and side tables. Or a very simple coffee bar right next to your coffee maker. Don’t overthink it, you can always built on the idea later on, as you go.

Read on to learn how to turn your kitchen into every coffee lover’s dream.

#1 Find the perfect spot in your kitchen

Identify the exact location in your kitchen where you want to set up your coffee bar. Keep in mind that you’re going to use it on a daily basis, so, ideally, it has to be easily accessible and should have enough space for entertaining guests.

If you use a portable cart as your counter coffee station, however, an added bonus is that you can roll it anywhere — your dining room, living room, or even outdoors.

coffee corner in the kitchen

#2 Find a kitchen cart

As previously mentioned, getting your hands on a portable kitchen cart is the easiest way to start creating your own coffee bar at home.

Make sure to choose one with sturdy construction and a compact size as it will house some of your heaviest coffee-brewing essentials, such as your espresso machine, and some of the easiest ones to break, your coffee cups.

mobile coffee cart

#3 Invest in a good coffee maker

Whether you decide to set it up on the coffee cart or to give it prime placement on your kitchen counter, a good coffee maker is the most essential element.

Investing in a good espresso machine will make all the difference, and will set the tone to your mornings with the best coffee smell (and taste, for that matter). Getting a good espresso machine shows that you mean business. To narrow down your search, see Homegrounds.co list of best espresso machines on the market this year, to find the right one for you.

espresso machine

#4 Arrange your counter coffee station

After getting a kitchen cart for your counter coffee station, it’s time to decide what it should look like. If your kitchen cart is large, you can simply arrange it in a way that allows you to express your individuality.

Consider adding unique cups, a coffee pot, and basically whatever you like. If it’s small, you can use a base where you can put all coffee essentials in a group. Doing so helps to decrease clutter. Adding a shelf above its location where you can place coffee, cups, and other essentials is also a good idea.

#5 Customize your coffee station

A customized coffee station will always be a great idea. As already mentioned, you can create a special cabinet where you can place all coffee necessities. The good thing about cabinets is that you can close them when your station isn’t in use; as a result, your kitchen will appear less cluttered. Therefore, less kitchen cleanup will be required.

Another way of customizing your coffee space is by placing a lamp or adding lights that you can fit at the top of your nook. If you prefer an opaque roller blind or swing doors for your shelves and cabinets, either of the two can also work.

#6 Add the ‘coffee shop’ vibe

Thanks to those special design touches and aroma of freshly brewed coffee adding to the coffee shop atmosphere, you’ll instantly feel a warm vibe as if you’re stepping into a real coffee shop.

You can also get that at home now, especially if you pair the above advice with some specific coffee shop elements. Think of adding a chalkboard menu directly above your counter to jot down each day’s brew, like a real coffee shop does. You can also add some kitschy coffee-themed artwork or mount hooks and display your pretty collection of mugs for more aesthetic appeal.

coffee station at home

Combine the new with old by scattering some vintage pieces around your coffee bar at home. The coffee shop ambiance will further come out with the help of old-fashioned items. These, of course, can be a great conversation starter every time a guest comes over and appreciates your setup.

#7 Accentuate with coffee-themed wall art

Your home coffee station won’t be quite complete without some coffee-themed wall art. Add coffee-themed pictures and canvas prints, as well as vinyl wall art, hanging plaques, metal tin signs, primitive coffee stencils, and rustic wooden signs. You can visit a real coffee shop to gather inspirations for this.

#8 Choose your furniture

If what you have is an eat-in kitchen that can only accommodate two persons, get a pair of bentwood or opt for French folding garden chairs. Pair your chairs with a square or round bistro table. Position a banquette against the wall if you need to add more seats. Line up small square pedestal tables, around two or three, in front of the banquette, and make sure to leave one or two inches of space between them.

Then, add vintage-inspired or real vintage chairs to the table’s sides, opposite the banquette. For a kitchen that has cabinetry featuring a built-in bar counter, you should opt for contemporary or industrial-inspired, backless, pub-style stools. Make sure to avoid spindle-, splat-, and ladder-back stools that look like tall versions of the traditional dining chairs.

To finish your kitchen coffee bar, display a covered cake plate or a tiered dessert stand, and fill it with typical tasty treats available in most coffee shops, like a glazed cake, pastries, and muffins.

Also, don’t forget to fill glass-fronted cabinets or open shelves with oversized cups and saucers, stacks of dessert plates, as well as big coffee bean glass jars, to complete the look. Choose mugs in solid colors or heavy ceramic cups. In addition, make sure to keep the treatments of your kitchen window simple. Opt for roman shades. Cafe curtains that are made from solid-colored burlap, linen, or cotton do the job well.

More tips for your fancy home

Here’s Everything You Need to Set Up a Meditation Corner in Your House
Hearing Colors? Here’s What Colors to Choose in Your Home Based on Your Taste in Music
These Luxury Bar Stools will Take Your Kitchen to the Next Level
8 Room Décor Ideas that Will Make Your Home Irresistibly Attractive

The post How to Turn Your Kitchen Into Every Coffee Lover’s Dream appeared first on Fancy Pants Homes.

Source: fancypantshomes.com