Monday, 31 May 2021

This Austin Home Looks Like a Traditional Craftsman. The Back of It Is Anything But.

The front entrance of Dan and Sylvia Sharplin’s house in the historic Austin neighborhood of Clarksville.

Casey Woods for The Wall Street Journal

High on a hill above the trees, but within walking distance of downtown, sits a house that epitomizes the city of Austin’s radical transformation.

On one side, it is a simple, white, traditional craftsman with columns and a dormer, facing a still-funky, historic neighborhood. On the other side, it is a glass-lined contemporary with a low-sloped roof, an infinity pool and a view over the constantly changing Austin skyline.

“You wake up and you know where you are,” says Sylvia Sharplin, 58, a real-estate agent who renovated and built the 3,600-square-foot, four-bedroom house with her husband, Dan Sharplin, 58, an entrepreneur.

It took the Sharplins more than four years, over $7 million, and lots of tea to create their new home.

It started in 2015, when their youngest daughter was a senior in high school. They wanted to replace their large house in the Austin suburbs with something smaller within walking distance of stores and restaurants. They wanted to buy in Clarksville, a neighborhood west of downtown, where they lived when they moved in 1986 from Monroe, La., to the University of Texas at Austin for graduate school.

They were checking out a small, rundown duplex when Mr. Sharplin glanced up the steep, weed-covered hill and saw a woman outside another small, rundown house.

“What’s that house?” Mr. Sharplin asked the broker. He hiked up and approached the woman, Joan Huntley, who is 81. It turned out she was the owner of both homes, which had been in her family for over 50 years. “He kissed me on the cheek,” says Ms. Huntley. “It was very endearing.” A series of conversations ensued, with multiple gatherings over tea on the upper home’s front porch.

Dan and Sylvia Sharplin in the outdoor living space of their home with its view of the Texas State Capitol.
Dan and Sylvia Sharplin in the outdoor living space of their home with its view of the Texas State Capitol.

Casey Woods for The Wall Street Journal

At first, Ms. Huntley, who grew up on the property, said she wasn’t interested in selling. Then she proposed that the Sharplins buy both homes to create a large, co-housing retirement community. When the Sharplins said no, she suggested they renovate the upper house and allow her to live there with them. After five months, when every one of Ms. Huntley’s concepts had been exhausted, the Sharplins convinced Ms. Huntley and her sister to sell both properties to them for $2.3 million, which they did in March 2016.

Ms. Huntley lived in the house for another eight months. Since the Sharplins needed to put a dollar amount on her lease, they charged her $1, which Ms. Huntley paid with a silver dollar (“for grins,” says Ms. Sharplin). Meanwhile, they gathered their architect and contractor and began the design process. When Ms. Huntley failed to clean out all the “collections,” mostly magazines and books that had accumulated in the home, the Sharplins took care of that. They threw away some, donated some and kept some, including selected Life Magazine covers, which they framed and hung by the stairway. “At that point, we’d become friends,” says Ms. Sharplin. Ms. Huntley concurs. “We bonded,” she says.

Then the real work began. They knew they would just tear down the lower, two-story house, since it was in such bad shape and not old enough to be considered historic. But it turned out that the upper house, built in 1915, was also in bad shape—worse than they had initially thought, with pipes failing and a hole in the roof.

“It was falling apart, a crumbling bungalow on a crumbling hill,” says James LaRue of LaRue Architects. “I thought you just couldn’t save this thing. But then the city said you’re going to have to save this thing.”

The living and dining area of the Sharplin home in Austin has sliding glass doors and 14-foot-high ceilings.
The living and dining area of the Sharplin home in Austin has sliding glass doors and 14-foot-high ceilings.

Casey Woods for The Wall Street Journal

Since the house is located in a historic district, the Sharplins had to assure Austin’s Historic Landmark Commission that their renovation and addition would maintain the historic style and keep character-defining exterior features, such as windows, doors and entryway details, the roof form, porch, chimney, and trim. The addition couldn’t visually overpower the existing building,

The point of no return came when the couple received bids for the structural and foundation work. It would cost around $1 million, before work even began on the house structure itself. “That took our breath away,” says Mr. Sharplin.

“This area of Austin is known for having some of the worst soil conditions to build upon,” says Wes Wigginton, the managing director of Foursquare Builders, which constructed the house.

The couple huddled and decided not to compromise. “We basically talked ourselves into building the house we really wanted to build,” says Mr. Sharplin. The final building cost for the project was around $5 million, including around $310,000 for the pool and $183,000 for the architecture fees, which involved weekly on-site meetings for most of the build.

The finished house has two distinct characters. From the front, it is white, clean, simple and traditional, with a peaked metal roof, a teak porch with a beadboard ceiling, a dormer, wood siding, restored columns and rebuilt original windows. Looking up the hill from downtown, it is a new, stucco contemporary with a low-sloped roof and sliding glass walls, elements that were allowed because the addition is lower than the original front and can’t be seen from the street at the main entrance.

“When I look at the house, I smile,” says Ms. Huntley, who is now living in a one-bedroom condominium in a community just north of Austin that she says she loves. The front reminds her of her home, and she says the addition is a “gracious interpretation” of the modern transformation happening in the city. “The house has soul,” she says.

The modern interior and rear exterior of the home stand in stark contrast to its historic façade.
The modern interior and rear exterior of the home stand in stark contrast to its historic façade.

Casey Woods for The Wall Street Journal

The transition occurs inside, too. The entryway feels like an old house, with a narrow hall and wood floors. But the walls disguise doors that push open to an office on one side and a guestroom on the other. At the end of the entry hall, the space opens to a large room with 14-foot ceilings. The space contains living and dining areas and a kitchen. The entire wall of the living space is glass, with sliding doors that open to a limestone patio. At the edge is the long, blue infinity pool.

Past the kitchen around a corner, a long hallway leads to the main bedroom, which has access to the pool. The house also has an exercise room and a one-bedroom apartment for children, friends or future caregivers.

The Sharplins completed the house in February 2020, just before the pandemic hit, and just in time for two of their three children to move in temporarily. That wasn’t the plan.

“It was purposely designed not to have our children come home and live with us again,” says Ms. Sharplin. Their children have since moved on. “Now,” says Ms. Sharplin, “we are finally on our own.”

Except for all the people who come knocking: Every few weeks, they get an offer to buy their house. When one bidder told them to name their price, the couple had a series of conversations.

Mr. Sharplin says he concluded there was no price, because the sales contract would come with a divorce contract. “I’d have to cut the house in half,” he says.

The post This Austin Home Looks Like a Traditional Craftsman. The Back of It Is Anything But. appeared first on Real Estate News & Insights | realtor.com®.



source https://www.realtor.com/news/unique-homes/this-austin-home-looks-like-a-traditional-craftsman-the-back-of-it-is-anything-but/

Caroline Wozniacki and David Lee Sell a Condo and Buy a Penthouse on Fisher Island

David Lee and Caroline Wozniacki Fisher Island Penthouse

Gilbert Carrasquillo/GC Images

After selling their luxury Miami Beach, FL, condo on the exclusive Fisher Island for $16.25 million in February, the tennis great Caroline Wozniacki and the former NBA All-Star David Lee have made another move. However, the athletic couple didn’t venture too far afield.

Instead, they snapped up the last unit in the same high-end building for $18.7 million. Their latest purchase in the Palazzo Del Sol is a penthouse, which spans 6,644 square feet and features four bedrooms, 4.5 bathrooms, and a rooftop oasis.

Located on the 10th floor, the ultra-luxe interior includes a formal living room and dining room, a large kitchen that adjoins a family room, a home theater, and an office.

For outdoor dining and living options, a large dining terrace opens from the living area.

A spacious master retreat offers dual walk-in closets and an en suite bathroom.

Stairs lead up to the expansive rooftop terrace, complete with a lap pool, an outdoor kitchen, and waterfront views.

The couple had placed their 8,430-square-foot residence in the same building on the market in January, asking $17.5 million.

Caroline Wozniacki and David Lee’s previous condo

Realtor.com

The home, which was offered furnished, featured floor-to-ceiling glass, five bedrooms, and 5.5 bathrooms.

Designed and furnished by Artefacto, the property offered views of Biscayne Bay and the Atlantic Ocean. The posh place sold about a month after the price was lowered to $16.25 million. Jill Hertzberg with Coldwell Banker Realty-Miami Beach Lincoln Building repped the sellers. Jill Eber, with the same firm, represented the buyer.

Although the deal closed for a little below their initial asking price, the couple purchased the designer digs in 2018 for $13.5 million.

Their recent penthouse purchase was the last condo available in the boutique, ultra-luxe building.

The 43-residence condominium features in-building amenities including a fitness center, infinity pools and cabanas, private massage rooms, a hair and makeup salon, state-of-the-art movie theater, meeting room with videoconferencing, resident-only restaurant, and underground parking for vehicles and golf carts.

Palazzo Del Sol

Realtor.com

For those wealthy buyers still looking on the island, some units are still available at the nearby sister property, Palazzo Della Luna.

Both Mediterranean-style buildings were designed by Kobi Karp with outdoor spaces by Enzo Enea. Located in the United States’ richest ZIP code, and only accessible by private boat, ferry, or helicopter, the location offers affluent buyers space, privacy, and exclusivity.

Fisher Island is a secure, island oasis with 216 private acres of tropical living, located within minutes of downtown Miami and Miami Beach. The premier Fisher Island Club includes the oceanfront beach club, an exclusive golf course, and tennis courts, plus two private deepwater marinas.

Wozniacki is a former tennis pro and won 30 Women’s Tennis Association singles titles. Lee, a two-time NBA All-Star, began his career with the New York Knicks in 2005. He won a championship in 2015, while playing for the Golden State Warriors.

The post Caroline Wozniacki and David Lee Sell a Condo and Buy a Penthouse on Fisher Island appeared first on Real Estate News & Insights | realtor.com®.



source https://www.realtor.com/news/celebrity-real-estate/caroline-wozniacki-and-david-lee-sell-condo-and-buy-penthouse-on-fisher-island/

Outdoor Opulence: 10 Luxurious Outdoor Kitchens for Any Appetite

Outdoor Kitchen

realtor.com

We made it! Summer is here, and it’s high time to round up the crew, fire up the grill, and toast to making it through an arduous year.

To raise your holiday spirits, we hand-picked 10 homes with incredible—and opulent—outdoor kitchens. We set no budget restrictions in our selections, so these high-end homes may serve as nothing more than eye candy for most of us. Delicious, delicious eye candy—although they’re all for sale right now.

These 10 fabulous outdoor kitchens may also help boost your aspirations for your very own backyard. If you’ve dreamed of pizza ovens, smokers, full bars, and grills aplenty in your outdoor space, these outdoor living areas can serve as fresh inspiration for how to live luxuriously outside when the temperature rises.

So have a look at these spectacular homes and their five-star outdoor spaces. We’ll bring the sunblock—and an appetite!

8006 Lake Lowery Rd, Haines City, FL

Price: $2,650,000
Lavish lanai: The crown jewel of this nearly 40-acre property overlooking Lake Lowery is the enormous screened lanai with a heated pool, spa, full outdoor kitchen, fire pit, and waterfall feature.

Cook up a full meal and never worry about the smoke, thanks to a handy range hood over the grill. Ceiling fans ensure that the temperature stays cool, and a large television means you’ll never miss the action. The four-bedroom home also has a screened porch with 600 feet of lake frontage, two greenhouses, and four paved RV sites.

Haines City, FL
Haines City, FL

realtor.com

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23454 Sunset Dr, Los Gatos, CA

Price: $5,900,000
Poolside paradise: Fully renovated in 2016, this mansion in the hills above Silicon Valley offers bay and mountain views. Huge decks overlook the backyard, which includes a rock waterfall flowing into the pool and plenty of outdoor conversation areas. But the true highlight is the semicircle outdoor kitchen and bar, which includes a wood-fired pizza oven.

Designed for a Bay Area baller, the interiors of the 10,000-square-foot home are muted and include all the requisite high-end real estate bells and whistles.

Los Gatos, CA
Los Gatos, CA

realtor.com

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26338 Jacks Barn Rd, Montgomery, TX

Price: $2,175,000
Unbuttoned luxury: An over-the-top outdoor kitchen sets the tone for this ultra-luxe—yet casual—mansion located between the 18th green and 10th tee box of Bluejack National Golf Course. Built in 2017, the four-bedroom home is nice, but attention must be paid to the glorious outdoor space.

An enormous outdoor pavilion features two grills, a pizza oven, a bar, fire pit, fireplace, dining area with room for 10, a conversation area, and three televisions.

Montgomery, TX
Montgomery, TX

realtor.com

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37428 Dirickson Creek Rd, Frankford, DE

Price: $3,990,000
Water views: This 3.3-acre waterfront retreat boasts an open-air kitchen with lovely views of Dirickson Creek and the bay beyond. The kitchen comes with a Sub-Zero refrigerator, grill, two-burner stove, and sink, to service the mansion’s pool, courtyard, boat slip and pier.

The custom 10,000-square-foot home also has an indoor hot tub, a sauna, and water views from every room.

Frankford, DE
Frankford, DE

realtor.com

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32 Vintage Canyon St, Las Vegas, NV

Price: $4,914,000
Southern Highlands: A meat lover’s dream in a city built for high-rollers. In addition to two regular grills, this backyard is outfitted with a rare Santa Maria-style grill that begs for a tri-tip feast. The kitchen and courtyard frame a spectacular pool area.

Built in 2012, this five-bedroom home also features a two-story owner’s suite, a second garage, and two detached casitas.

Las Vegas, NV
Las Vegas, NV

realtor.com

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148 Corbata Ln, St. Augustine, FL

Price: $1,850,000
Outdoor oasis: This glorious kitchen offers an abundance of counter space to prep a poolside feast. A screened-in waterfall pool is highlighted by a heated spa, covered seating, and a fireplace.

The four-bedroom home offers 5,770 square feet of high-end living space.

St Augustine, FL
St. Augustine, FL

realtor.com

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3108 Flavin Ln, Pebble Beach, CA

Price: $6,649,000
Pebble Beach paradise: An après-golf delight? All your friends will want to hang outside in this beautiful backyard overlooking the ocean. You can whip something up at the long outdoor kitchen, with its wood-fired pizza oven and large grill.

If the fog rolls in, head inside to the seven-bedroom, Tuscan-inspired mansion designed for entertaining, with a wine cellar and theater.

Pebble Beach, CA
Pebble Beach, CA

realtor.com

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104 Estate Dr, Horseshoe Bay, TX

Price: $7,850,000
Casa Cangelosi: Resort-style living and lake vistas are on the menu. And this well-equipped outdoor kitchen comes with a grill, pizza oven, refrigerator, and bar.

Located on Lake Lyndon B. Johnson, this gated, half-acre property has a luxurious five-bedroom main house built in 2014, which is being sold fully furnished.

Horshoe Bay, TX
Horseshoe Bay, TX

Realtor.com

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6024 E. Sunnyside Dr, Scottsdale, AZ

Price: $2,999,000
Feature-filled: A true desert delight. Tucked under high ceilings, away from the elements, the outdoor kitchen has a television, grill, and a smoker big enough to feed an army of hungry friends and family.

This six-bedroom mansion also comes equipped with a number of other entertainment options, including a golf simulator, pool, putting green, basketball court, and a spacious outdoor living area.

Scottsdale, AZ
Scottsdale, AZ

realtor.com

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8913 Gallant Green Dr, McLean, VA

Price: $3,995,000
Woodside Estates: Custom-built in 2006, this six-bedroom estate is restrained, formal, and traditional inside, but comes alive outside.

The 4,000-square-foot saltwater pool is flanked by striking sculptures, lush putting greens, and garden paths. Just off to the side is an enormous outdoor kitchen, which serves as the hub of the outdoor living area. The kitchen is outfitted with cabinets, a couple of prep areas, a grill, bar, and refrigerator.

McLean, VA
McLean, VA

Realtor.com

The post Outdoor Opulence: 10 Luxurious Outdoor Kitchens for Any Appetite appeared first on Real Estate News & Insights | realtor.com®.



source https://www.realtor.com/news/unique-homes/luxurious-outdoor-kitchens-for-any-appetite/

Friday, 28 May 2021

Where the 1850s Meet the 1950s: Maryland Victorian Comes With a Classic Diner

Diner and Victorian

Magin Urdanick/ Exposure Real Estate Photography

Two eras separated by a century collide in one Germantown, MD, home. On the market for $1.25 million, the residence is an intriguing blend of the 1850s and the 1950s.

“There’s very few homes that have a historical significance, have been meticulously updated, and then present themselves with an eight-car garage and a diner. It’s an unusual property. It’s one of a kind,” says Meredith Margolis, the co-listing agent with Molly Peter.

Built in 1850, the home is a gorgeously restored Victorian. The detached garage features room enough for any gearhead—as well as something quite unexpected: a pristine 1950s-era diner.

The resulting listing photos have sparked interest across the web.

“The house itself is extraordinary and special,” Margolis says. “Then, when you start looking at those pictures of the eight-car garage with the diner, it’s amazing how they’ve been married.”

Exterior

Magin Urdanick/ Exposure Real Estate Photography

Diner

Magin Urdanick/ Exposure Real Estate Photography

Exterior

Magin Urdanick/ Exposure Real Estate Photography

Exterior

Magin Urdanick/ Exposure Real Estate Photography

Interior

Magin Urdanick/ Exposure Real Estate Photography

Interior

Magin Urdanick/ Exposure Real Estate Photography

Interior

Magin Urdanick/ Exposure Real Estate Photography

Interior

Magin Urdanick/ Exposure Real Estate Photography

The current owners purchased the house in 2004, and restored it to pristine condition, with period pieces and modern amenities. It’s something of a local landmark, and curious folks have been eager to see the result of the renovations.

“Everyone at some point has driven past [the house] and has been intrigued by it. This is the first time it’s for sale in its beautiful condition,” Margolis says.

Bathroom

Magin Urdanick/ Exposure Real Estate Photography

Kitchen

Magin Urdanick/ Exposure Real Estate Photography

Eating space

Magin Urdanick/ Exposure Real Estate Photography

Dining area

Magin Urdanick/ Exposure Real Estate Photography

Bathroom

Magin Urdanick/ Exposure Real Estate Photography

Bedroom

Magin Urdanick/ Exposure Real Estate Photography

Known as the John Hanson Gassaway House, the residence measures 3,725 square feet, with three bedrooms and four bathrooms.

“When you experience it, it brings great joy. You can see the joy that the current owners have received living there, because they’ve loved and cared for it and updated it,” Margolis explains. “It is a classic Victorian. One of the sellers always loved the Victorian era. It’s not kitschy. It’s actually beautiful and elegant.”

The furnishings are not included in the list price but could be negotiated into a deal.

Garage

Magin Urdanick/ Exposure Real Estate Photography

Garage

Magin Urdanick/ Exposure Real Estate Photography

Diner

Magin Urdanick/ Exposure Real Estate Photography

Diner

Magin Urdanick/ Exposure Real Estate Photography

Diner

Magin Urdanick/ Exposure Real Estate Photography

Diner

Magin Urdanick/ Exposure Real Estate Photography

The house sits on almost 7 acres and has several outbuildings, the largest of which houses the eight-car garage and diner.

“The owners both come from an automobile family, and they are car enthusiasts. He believes that the best decades were the ’50s and the ’60s for American manufacturing—and probably rock and roll,” Margolis says.

Margolis told us she was taken aback when she initially toured the property.

“The garage door came up, and my mouth dropped. It’s in impeccable condition, and then there are historic cars there,” she says. “It is like the ‘Cars’ movie came to life.”

Transporting a visitor back six decades, the beautifully curated diner area has black-and-white checkered floors and period-appropriate aqua blue furnishings.

“I’ve always loved that era, so for me, I went crazy. I was completely enamored,” Margolis says.

Since much of the furnishings are built in, the diner comes with the house.

“It is a great party space, and so are all the grounds,” Margolis explains, adding that a couple once asked the owners if they could get married on the property. “They said yes. It’s just dreamy.”

Bedroom

Magin Urdanick/ Exposure Real Estate Photography

Bedroom

Magin Urdanick/ Exposure Real Estate Photography

Fireplace

Magin Urdanick/ Exposure Real Estate Photography

Porch

Magin Urdanick/ Exposure Real Estate Photography

Porch

Magin Urdanick/ Exposure Real Estate Photography

Porch

Magin Urdanick/ Exposure Real Estate Photography

The post Where the 1850s Meet the 1950s: Maryland Victorian Comes With a Classic Diner appeared first on Real Estate News & Insights | realtor.com®.



source https://www.realtor.com/news/unique-homes/maryland-victorian-comes-with-a-classic-diner/

Will President Biden’s $6 Trillion Budget Help Home Buyers Become Homeowners?

Getty Images

As Americans grapple with swift-rising rents and home prices and a severe shortage of affordably priced real estate, housing has emerged as one of the priorities of President Joe Biden‘s administration.

In his first proposed budget of $6 trillion, the president would provide the U.S. Department of Housing and Urban Development with its largest funding increase in more than two decades. The extra $9 billion, a roughly 15% jump, would go toward creating affordable housing, combating discrimination, and helping struggling, lower-income renters. This money comes in addition to the $27.4 billion in housing assistance included in the $1.9 trillion pandemic relief bill passed earlier this year.

“We are turning the page on decades of disinvestment and disregard for our nation’s housing crisis and putting housing where it belongs—at the center of our efforts to build a stronger, more equitable America,” HUD Secretary Marcia Fudge said in a statement. “HUD is no longer going to be left on the sidelines while millions of Americans struggle with housing and remain shut out from the opportunities a good home provides.”

These are ambitious goals, but the proposed budget still needs to be approved by Congress, which is likely to do some pruning.

“Where we choose to invest speaks to what we value as a Nation,” wrote Biden in his introduction to the budget. “This year’s Budget, the first of my Presidency, is a statement of values that define our Nation at its best.”

More affordable housing would be created

The dire housing shortage has pushed home prices to new highs, making homeownership unaffordable for many Americans and cutting them off from a key opportunity to build wealth. Renters, too, are having a harder time finding housing they can afford.

The president plans to build, preserve, and retrofit more than 2 million homes and commercial buildings in an effort to ease the housing shortage.

About $1.9 billion would go toward the HOME Investment Partnerships Program, which helps to create more affordable housing for lower-income households. About $100 million of that money would be earmarked to help homeowners stay in their properties.

“Some of the earlier proposals from the Biden administration were looking at housing from a demand point of view,” says Ali Wolf, chief economist at building consultancy Zonda. “Demand is not the problem today—it is the lack of attainable housing. The best use of federal dollars in the housing market is to help solve the supply problem.”

The budget also calls for the creation of new kinds of loans that first-time, first-generation home buyers would have an easier time qualifying for.

“Given the heated market we’ve experienced this year, making homeownership attainable is a worthy goal,” says Realtor.com® Senior Economist George Ratiu. “But given the hot market and extremely low number of homes for sale, simply qualifying more people for loans without a commensurate increase in the supply of homes won’t solve the affordability problem.”

More money would go to fighting discrimination in housing

In an effort to boost Black homeownership rates, the administration is proposing a $100 million initiative to provide increased down payments for buyers seeking to move into wealthier areas. The program would help buyers who receive Federal Housing Administration loans come up with down payments of up to 10%.

This would provide these buyers with immediate equity in their homes. It would also make their offers more attractive to sellers in this ultracompetitive housing market.

While Wolf applauds these efforts to level the playing field, they could have the unintended effect of heating up markets even more.

“Any support to minorities and lower-income individuals is good for the housing market and the economy in the long run,” says Wolf. “But an additional boost in demand may cause prices to go higher in the near term.”

The Biden administration would also like to send $3.8 billion to officials in underserved communities through the Community Development Block Grant program. The funds are intended to increase the supply of affordable housing and enforce fair housing laws.

The administration plans to hold landlords, lenders, and other real estate professionals who violate fair housing laws accountable. Biden’s administration would like to boost funding for HUD’s fair housing division by 20%, to $85 million. This money is typically distributed to local groups that investigate complaints of discrimination (e.g., a landlord refusing to rent an apartment to a Black family or a woman being denied a loan because she was on maternity leave). These groups also provide education, outreach, and training in these areas.

“Given that we’ve had a track record of discrimination in housing, providing resources to minimize inequality in lending and the home-buying process should make owning a home more accessible,” says Ratiu. “It should also lower the costs of homeownership, as borrowers should not be charged higher fees to get mortgages.”

More help could be provided to low-income renters

Many low-income renters were badly hurt by the coronavirus pandemic, as they were more likely to lose restaurant and hotel jobs and income than white-collar professionals. While many have been protected by eviction moratoriums during the crisis, many are accruing back rent they will owe their landlords when the eviction ban expires.

But help could be on the way. Fudge’s top priority was increasing rental assistance for the poorest renters, according to the New York Times. Tenants typically use the vouchers to pay the difference between market rents and what they can afford. The administration also would like to make it easier for voucher recipients to move to more affluent areas with better schools and more services available.

The budget would put $30.4 billion toward housing choice vouchers to assist struggling renters. This would create an additional 200,000 vouchers intended to help homeless youth, those escaping domestic violence, and others.

An additional $3.5 billion would be earmarked for homeless assistance grants, to offer housing and services to some of the most vulnerable families and individuals.

“Any program that would at least go a ways toward eliminating the threat of homelessness during hard economic times is a welcome development,” says Ratiu. “The only question for me is, does the current budget go far enough?”

The post Will President Biden’s $6 Trillion Budget Help Home Buyers Become Homeowners? appeared first on Real Estate News & Insights | realtor.com®.



source https://www.realtor.com/news/trends/president-biden-6-trillion-budget-help-home-buyers/

Can You Apply the Finishing Touches to This Concrete Castle in Florida?

Castle in Wellington Florida

Living Proof Real Estate Photography

Amid the lush pastoral estates of Wellington, FL, a single castle stands out.

“In 20 years, I’ve never had a listing like this. It’s really just very unique and has lot of history and more architectural differences than 99.9% of the houses out there,” says the listing agent, Daniel DeRogatis.

Imposing and gray, the four-bedroom, 4.5-bathroom concrete residence was modeled by its owner on the turreted gatehouse of the 12th century Lohort Castle in Ireland.

“He bought the property around 1986 and cleared the land himself—basically with a lawnmower and a machete. No exaggeration,” DeRogatis says.

Listed for $825,000, the castle sits on 5 acres in a town otherwise renowned for its love of all things equestrian.

One caveat for buyers interested in a regal existence: The rock-solid, 4,429-square-foot structure will still require a finishing touch.

“It’s not even 100% complete on the outside, it’s about 85%,” DeRogatis explains. “All those stones, each one of those is literally handmade. Aesthetically, it looks like a castle, but it is still a concrete-block structure.”

Exterior of castle in Wellington, FL

Living Proof Real Estate Photography

Exterior

Living Proof Real Estate Photography

Exterior

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Entry

Living Proof Real Estate Photography

Exterior

Living Proof Real Estate Photography

Exterior

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Aerial view

Living Proof Real Estate Photography

Exterior

Living Proof Real Estate Photography

A buyer must be prepared to work on the structure, although the agent says most of the work needed is cosmetic.

“A lot of love is needed on the outside to bring it back up to par,” he says. “The driveway is not finished, and it doesn’t have a walkway to the front door. The stucco is not completed.”

On the inside, he adds, doors and trim work and other details need to be completed, but the rest of the outstanding work to do is cosmetic and relatively simple.

One advantage is that the roof and the HVAC system are basically new, and the infrastructure is on point.

“It’s structurally sound, mechanically sound, plumbing no problem, and electrically, no problem,” says DeRogatis.

A detached three-car garage on the 5-acre lot also has a crenellated roof, in keeping with the theme.

Interior

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Interior

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Kitchen

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Interior

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Bedroom

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Stairs

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Bathroom with skylight

Living Proof Real Estate Photography

Inside the castle, many of the doors and some of the finishes carry on the castle motif.

While most of the rooms are large and wide open, the kitchen is galley-style, which DeRogatis say is unique for a home of this size.

A spiral staircase leads up one of the turrets, and one of the bathrooms has a view into a turret.

Although there are no comparable homes in this part of Florida, determining a value for the castle wasn’t particularly difficult.

“This is just another house,” DeRogatis says, despite its exterior. “It has a roof. It has AC. It has plumbing. It’s all built up to code. The only thing that is throwing it off is that architecture and that aesthetic view from the outside. So, you comp it out just like any other house.”

While DeRogatis says the house will probably interest only about 5% of the buyers out there, he says he jumped at the chance to list this property. He told us inquiries have poured in from all over the country.

“This is something to talk about. I’ve never sold a castle before,” he admits, but he says he realized that even if it didn’t sell, he wanted the listing.

“Normally, I wouldn’t necessarily go out of my wheelhouse, but I said, ‘I’m taking it,'” he says. “I thought, what better way to have something to talk about from my career as an agent than ‘I sold a castle’?”

Interior

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Bedroom

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Aerial view

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Pond

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Aerial view

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Aerial view

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Exterior

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Aerial view

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Exterior

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Aerial view

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The post Can You Apply the Finishing Touches to This Concrete Castle in Florida? appeared first on Real Estate News & Insights | realtor.com®.



source https://www.realtor.com/news/unique-homes/concrete-castle-florida/