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Provincetown Listing Of the Week – 11-15 Franklin Street – $2.395M

 

Everyone who has walked the West End, or bought a bottle of wine at Perry’s is familiar with 11-15 Franklin Street. The iconic yellow house is a three bedroom two bath home with 1,929 square feet. It includes two lots and is being marketed at $2.395M.

 

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MLS REMARKS: This iconic three-quarter Cape built circa 1820 was floated over from Long Point and meticulously restored in 1997. The west-facing 1,929 SF 3BD/2BA antique located at 11 Franklin Street sits on a 7,462 SF lot with custom garden shed and private driveway. It’s offered exclusively with 15 Franklin Street, the adjacent 8,425 SF lot which currently blends with the home’s landscape. Amenities include: period-appropriate architectural details; en-suite master with slate walk-in shower; custom shutters, windows, doors and cabinetry; enclosed outdoor shower; irrigation system; and deck overlooking perennial gardens, trees and pergola. Mature plantings include: White, Columnar and Pin Oak; Fern Leaf Beech; Dawn Redwood; and many more. This is a rare offering that gives you options in the future. Listing courtesy of Kinlin Grover Real Estate.

 

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See all available properties for sale at Beachfront-Realty.com

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Boston – Lovejoy Wharf Sales Underway

I am reposting this Lovejoy Wharf story from Curbed.com and Tom Acitelli  because it is so exciting to see it finally happening.  I worked on this project pre-development at  Coldwell Banker Residential Brokerage oh so many years ago.  So happy to see the incredible Barbara Cusack named sales  director for this Related Beal development.

Lovejoy Wharf sales now underway: $750,000 and way up

Plus: new renderings!

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Provincetown vs Malibu – Trophy Sale Of the Year

I love posting about our “trophy” real estate market here in Provincetown where the highest sales price for a residential property sold in the last 12 months was $3.25M for 8 Telegraph Hill that closed in April. (see my recent post).

 

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Take a look at this waterfront sale in Malibu CA that was reported in Variety Magazine’s Realestalker column. Our little town seems rather tame and understated compared to it. Leave it to us New Englanders to understand understatement!

 

David Geffen Sells Oceanfront Malibu Compound for Record Price

David Geffen Malibu Compound

SELLER:David Geffen
LOCATION: Malibu, CA
PRICE: rumored to be $87 million

YOUR MAMA’S NOTES: Word on the real estate street is David Geffen sold his oceanfront compound on Malibu’s Carbon Beach in an off-market deal to an as yet unidentified businessman who some snitches say hails from the Lone Star state of Texas. Celebrity gossip juggernaut TMZ reported an elephantine sale price of $85 million but we heard from plugged in Platinum Triangle mover and shaker Peter Propertyseller the figure circulating in his rarefied real estate circle is an even more a spine straightening $87 million. Whichever amount the final sale price turns out to be, it will obliterate the previous record for the most expensive home ever sold in Malibu, an approximately 9.5-acre bluff-top estate billionaire investment manager Howard Marks sold to entrepreneurial billionaire Jim Jannard in a 2013 off-market deal for $74.5 million.

The tastefully designed and fastidiously maintained East Coast-style compound was not listed on the open market and so the stories go Mister Geffen engaged the services of several of Los Angeles’s most prominent and successful brokers to surreptitiously shop the plummy property to qualified buyers with a pearl-clutching asking price of $100 million. The intensely secured and always guarded compound’s cluster of grey-shingled structures includes a comfortably roomy main house, a couple of guesthouses and a separate pavilion that houses a screening room. There are thick carpets of lush lawns, a lily pond, a beachfront swimming pool and spa, and a variety of shaded verandas that include an outdoor living room with fireplace.

Carbon Beach is one of the most expensive stretches of sand in the low-key but exceedingly high-cost Malibu community and a short list of the many exuberantly rich folk who maintain homes along that prime stretch of sand includes Peter Morton, Eli Broad, Jeffrey Katzenberg and Jerry Bruckheimer. Les Moonves owns a glassy contemporary he bought a few years ago for $28.8 million from Paul Allen and Larry Ellison owns at least six homes along Carbon Beach including a Michael Graves-designed compound he snatched up in 2012 for almost $37 million from former Yahoo CEO Terry Semel.

Mister Geffen still owns a second, substantially smaller home on Carbon Beach he scooped up in 2008 for $9.8 million as well as a low-slung residence in the Beverly Crest neighborhood of Beverly Hills he’s owned since the early 1970s and the spectacular, ten-acre former Jack Warner estate in Beverly Hills but he reportedly spends much of time at his various homes on the East Coast and on his 454-foot-long super-yacht “Rising Sun” on which he recently hosted Oprah Winfrey, Tom Hanks, Bruce Springsteen and former first couple Barack and Michelle Obama.

The septuagenarian music and movie tycoon, worth an estimated $7.5 billion per the bean counters at Forbes, owns three separate condos in the same swanky apartment house on New York City’s fancy-pants Fifth Avenue: a one-bedroom and 1.5 bathroom bought in late 2014 for $2.3 million; a 12,000-square-foot triplex penthouse acquired in 2012 for $54 million from pop song writing international socialite Denise Rich; and an approximately 5,000-square-foot, Charles Gwathmey-designed two-bedroom and 2.5 bathroom that briefly popped up for sale in late 2016 at $27.5 million. And, finally, like many multibillionaires with all but bottomless bank accounts Mister Geffen also maintains a trophy home in the Hamptons, in his case a slightly more than two-acre oceanfront estate on one of the most prestigious lanes in East Hampton he picked up about a year ago for a head spinning $70 million.

See all available properties for sale at Beachfront-Realty.com.

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Studs To Shingles – Provincetown New Construction

 

Spring is here and with that the pace of building and renovation is at full speed.  Every year between late March and June the wonderful sounds of saws and hammers and contractors trucks is comforting especially to those year rounders who anxiously await summer’s return. I will continue updating you on all the commercial projects that are in the works and occasionally comment on interesting and visible private projects, always being aware of privacy concerns.

 

The development at 350 Bradford Street, at the old Michael Shays property. 

 

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More going on at the former Michael Shays Restaurant property at 350 Bradford Street. The building has been demolished and there is an amazing retaining wall being built at the back of the property. One of the buildings on the west end of the complex is going up already! Hopefully we will see some marketing information soon….and Ill keep you posted. Developer Chris Wise plan calls  for the construction of 13 units, contained in six duplexes and one single-unit residence.

 

 

Lovely and iconic 82 Commercial Street sold last May for $2.350M. It looks like they are doing a full landscape/hardscape revision. You can watch the progress all spring while getting your sandwiches at Relish.

 

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Past marketing Remarks: Offered on the public market for the first time since it was built in 1820, this showplace has only had 3 families own it in the past 100 years. This classic Cape Cod home, with its sweeping lawn & white picket fence, is an iconic property in Provincetown’s West End, one of a very few that boast this square footage on almost a 1/4 acre of land, in the heart of the historic district. The house has been impeccably restored to its original grandeur, and all of its core infrastructure has been brought up to date.

 

76 Commercial Street, sold for $720K last July. It is a  three bedroom two bath condo with 2,225 square feet.  They have gutted the first two floors to the studs, and raised the house to put in a new foundation.  It will be exciting to watch the renovation progress on this classic Provincetown home this spring/summer.

 

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Past marketing Remarks: This spacious unit in the desirable West End once owned by Provincetown Artist Hans Hoffman – Beautiful views of the Bay and close to downtown shops, restaurants, and all that one needs in Provincetown.

 

See all available properties for sale at Beachfront-Realty.com.

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Provincetown Sale Of The Week – 160 Bradford Street EXT – $1.145M

160 Bradford Street EXT #2 is a three bedroom six bath home with 2,639 square feet. It was listed  for $1.199M and sold for $1.145M.

 

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MLS Remarks: Spacious Provincetown west end three bedroom townhouse, built in 2014, offers many options on how to best use the well designed space. The open floor plan on the entry level is ideal for entertaining with dining area, living room with loft style fireplace, and designer kitchen. The mix of high gloss white, Wenge look cabinets and stylish glass back splash gives the kitchen a contemporary flair. A bedroom, also ideal for a home office, with full bath and a hall half bath complete the first floor. There are lightly stained red oak floors throughout the home. The second floor has two nicely sized bedrooms, with lots of light and en suite baths. The lower level that runs the length of the home can be accessed internally or directly from outside, provides great additional space.

 

See all available properties at Beachfront-Realty.com