Foreign Property News | Posted by Shwe Zin Win
Ben Affleck and Jennifer Lopez’s second marriage was a quick and expensive disaster — and nothing is more symbolic of the expensive mess than the white elephant of a home they purchased together for cash. The couple are set to lose at least $25 million on their huge dream home when it eventually sells. While currently idling on the market for $68 million, my West Coast real estate guru says the Bennifer 2.0 manse is not selling — because it’s horrifically overpriced, way too big and in an undesirable location. The home, a 38,000-square-foot monstrosity, has 12 bedrooms, a mystifying 24 bathrooms (two for each bedroom!), sits on five acres, has a 12-car garage and...
Foreign Property News | Posted by Si Thu Aung
A 3-bedroom townhouse in Philadelphia has gone viral online for its wild listing photos and one very strange detail. Buyers looking for a home in Philly may be taken aback by the property's $50,000 price tag, but there is one bizarre catch to consider. The 932-square feet, one-bathroom property comes with a squatter that any buyer must take full responsibility for, according to the listing. The images marketing the property are equally peculiar, with police officers visible amid the derelict rooms full of clutter and damaged ceilings. 'This is an active squatter property,' the listing reads. (Disturbing images of the $50k Philadelphia property show a police...
Foreign Property News | Posted by Aye Myat Thu
An iconic local property built into an ancient rock is seeking a new owner. In Larkspur, Colorado, a home known as “The Rock House,” which looks like a home straight out of “The Flintstones,” has hit the market with a price tag of $989,900. Built in 2000, the 24-year-old residence is uniquely nestled around a 45-foot high section of “one of Colorado’s beloved 200 million year old red rocks,” states the listing, which is held by Keller Williams Action Realty LLC’s the Thayer Group. (An aerial view of the property.The Thayer Group / SWNS) (The residence is known locally as “The Rock House.”The Thayer Group /...
Foreign Property News | Posted by Zarni Kyaw
A three-bedroom Toronto home where Meghan Markle lived while starring in the TV series “Suits” is back on the market asking C$1.895 million (US$1.39 million). The two-story house on Yarmouth Road, painted a charming violet hue with a turquoise front door and an A-framed roof, features a welcoming front porch and a driveway leading to a two-car garage. The interior includes three bedrooms, an eat-in chef’s kitchen, and a renovated basement, while the landscaped yard includes an ample deck for gathering with friends and family. The Duchess of Sussex, a former actress, lived in the rented two-story home in Seaton Village with her two dogs until 2017, while filming the show...
Foreign Property News | Posted by Shwe Zin Win
A stunning Maine island with a population of just 90 is appealing to new residents to live there. Isle au Haut is encouraging people to settle permanently on the remote, 13 square mile island which is only accessible by boat. But for anyone looking to escape the rat race, the idyllic community could be the perfect spot. And with adorable clapboard homes offered at below market rates there are bargains to be snapped up. 'Many people daydream about moving to a remote island village like ours: for those readers who can answer 'yes' to the above question, that daydream could very well become a reality,' the community states on its website. (A stunning Maine island with a population...
Foreign Property News | Posted by Si Thu Aung
In the 1980s, the famed actor and director Clint Eastwood spent two years as mayor of Carmel-by-the-Sea, a small California vacation community. Now the century-old home where he lived during that stint is coming on the market for $21 million. The Hollywood legend—best known for movies like “Dirty Harry,” “The Bridges of Madison County” and “Million Dollar Baby”—lived in the house in the 1980s and 1990s, according to the 2016 book “Historic Homes and Inns of Carmel-by-the-Sea.” (Originally built around 1924, the house is located a block from the ocean. Photo: Sherman Chu) The seller is Frederick...
Foreign Property News | Posted by Zarni Kyaw
Fed up with expensive rent and unaffordable housing, young Americans are devising new ways to put a roof over their heads. As mortgage rates crawl toward 8 percent and property prices remain high, Gen Z and Millennials have taken to building their own homes on cheap plots of desert land dotted across the Southwest. Doing so has been made easier by the shift to working from home, which means people are increasingly less chained to downtown offices. Among them is 30-year-old Sean Gatz, who in May bought a 1.15 acre plot a 30-minutes drive from Tuscon, Arizona, for $11,000. 'The housing market's a mess, I think it's a major crisis,' Gatz, a former chef and handyman turned social media...
Foreign Property News | Posted by Hnin Ei Khin
A savvy Nevada couple scored the bargain of a lifetime when they bought their dream home for just $1. Logan and Angelina Needham became the proud owners of the oldest house in Reno, with historians claiming it was one of the first ever built in the city. After a 'thorough vetting process' the couple purchased the historic property from its previous owners, Jacobs Entertainment, who are a gaming, hospitality, and entertainment company. The company had originally bought the home for a whopping $1.2 million, so the pair got an unbelievable discount. However, the price tag of $1 comes with quite a big catch - it's up to the new owners to firstly relocate and then preserve the...
Foreign Property News | Posted by Aye Myat Thu
The Shinawatra family has been enjoying more than birthday cake in Hong Kong with revelations that a property deal there netted the clan a 75 million baht windfall. (Thaksin Shinawatra has sold his three-storey home in the King's Park Hill estate of Hong Kong, shown in this photo on Saturday from a real estate agent's website, (Homes.Mitula.hk). Thaksin bought the home in 2007 for a reported US$27 million, said to be a record Asia price.) Property filings obtained last week confirm that a 183 million baht mansion in the prestigious King's Park Hill area of Kowloon, owned by Thaksin's daughter Paetongtarn since early 2009, was sold to a Hong Kong private company for 258 million baht...
Foreign Property News | Posted by Hnin Ei Khin
Once owned by Gene Wilder and later, by Elon Musk, a home overlooking the Bel-Air Country Club in Los Angeles has hit the market for $12.95 million. Built in 1951 by prolific architect Robert Byrd, the white-shingle house is a “piece of Hollywood history,” according to the listing with Drew Meyers of Westside Estate Agency, who brought the property to the market on Tuesday. Wilder, who famously starred as Willy Wonka in 1971’s “Willy Wonka & the Chocolate Factory,” bought the Bel-Air home for around $300,000 in 1976. He sold it in 2007 for a little over $2.7 million, records with PropertyShark show. (This Los Angeles house previously owned by...