Listing Courtesy of COLDWELL BANKER RESORT REALTY - R
The first stop for anyone looking for a new home in Lewes —or for anyone who is even mildly curious about what properties are currently available—is the Lewes real estate listings. Like those you find here on my site, today’s online real estate listings are updated regularly all across the internet. It’s a coordinated system that appears deceptively simple on the surface, bringing you what you ask for from within the mind-bogglingly vast amount of detail that encompasses all the properties being offered throughout the country at that moment.
When a prospective buyer goes online to get a feel for the Lewes properties being offered, the real estate listings she or he sees appear to be straightforward enough. The information is clearly formatted, presented in a way that makes it easy to compare with other properties’ attributes. That apparent simplicity might be a little bit misleading, as anyone who has recently put their own home on the market knows.
Before any listing goes online, all the property’s physical details have to be determined and verified. It’s your agent’s job to make sure the paperwork is complete—including the legal documentation that says, yes, this property is for sale at this amount. The 2015 NAR® handbook on multiple listing policy fills 152 pages for good reason. ‘Under the hood’ of the neighborhood listings is the structure of legal agreements that stitch together the cooperative framework that enables the smooth functioning of the modern real estate industry. Stripped of all its legal bells and whistles, it’s really an agreement among brokers and agents who agree to the way work will be apportioned and commissions shared.
As you might expect, those 152 pages also cover some special kinds of real estate listings. Homeowners, for instance, can create Lewes real estate listings that are not made public. This is done when the seller withholds consent for a listing to be published with the MLS compilation. Although that might seem to be a particularly bad idea—like a candidate running for office who decides it would be a good idea to keep his name off the ballot—there are circumstances when it makes sense. Such ‘office exclusive’ listings can serve a useful purpose when maximum confidentiality is important. Celebrities and other public figures sometimes use this approach, as do sellers who’d rather not publicize their plan to jump ship until it’s a fait accompli.
All this is made as simple and straightforward as possible for the benefit of all. If it were too complex, sellers and buyers would hesitate to get involved. The market would suffer. In fact, today’s Lewes listings—especially as they are presented online, on sites like this one— represent a standout example of how technology can make even complicated commercial undertakings easier and more efficient than they have ever been. To find your next home, for instance, you need only check out the current Lewes listings, and then there’s only one other thing you have to do: call me up! Call/Text me Russell Stucki at (302) 228-7871, email me at email@example.com, visit more listings at www.beachrealestatemarket.com.
Lewes, DE residents have long heard that Los Angeles real estate prices can be stratospheric— particularly in the choicer neighborhoods like Bel Air and Malibu where apartment lease prices can touch the sky. Downtown L.A., on the other hand, has only recently matched the more westerly districts because DTLA lacks the strong ocean breezes that bring temperatures down from Downtown’s almost-ideal range to the Westside’s slam-dunk-absolutely-ideal range.
Even so, last week’s apartment lease announcement for the penthouse at 888 Olive Street rated a double-take. Even squinting at the screen didn’t change what seemed to be a typo in the monthly lease listing price.
By way of explanation, the ad pointed out that L.A.’s downtown area has solidified its standing “among the city’s most sought-after markets.” Since this 888 Olive St. address is a true penthouse with 13-foot floor-to-ceiling windows encasing sweeping 360-degree views of L.A., and since you will be ‘way up there on the 34th and 35th floors, you would expect the tariff to be somewhat pricey.
Adding to the value, the apartment comes fully furnished—no minor feature, since there are 18,000 square feet requiring furnishing. With 8,000 square feet of outdoor living space wrapped around the apartment’s exterior, you might not even need to hang out on the private roof deck with its 50-foot swimming pool, 12-person spa, barbecues, fire pit, or steam room. Despite the centrality of its location “minutes away” from a coterie of world-renowned restaurants, if you’re more of a homebody into stay-at-home cooking, there are four kitchens outfitted with Wolf and Sub-Zero appliances.
There are also 10 bathrooms.
In case the target lessee is planning on digging in for an extended stay, there are two temperature-controlled wine rooms capable of accommodating 1,000 bottles. The 33 lower floors are no slouches, either—and as top dog, the lessee will share access to the 37,000 square feet of the building’s other amenities.
All of which supports a no-nonsense apartment lease price, and that is definitely the case: $100,000/mo. The only limitation comes with its total of 4 bedrooms which could create a hardship for Lewes, DE’s larger families. Still, Lewes, DE people are hardy and creative—certainly one of the kids could bunk down in the fully automated media room.
My professional opinion, though, is that for many apartment shoppers, the million-dollar-plus annual apartment lease price tag is likely to produce some hesitation. But there was one phrase in the announcement that seems to indicate otherwise. The announcement’s opening line states that, at $100,000 per month, the property is “currently one of the most expensive penthouses available for lease in the Los Angeles market.” Since comps—the comparable lease offerings—are always key, that hints that L.A. bargain-hunters might not be put off, after all.
For the latest in less vertical Lewes, DE-area market offerings, I hope you’ll give me a call! Call/Text me Russell Stucki at (302) 228-7871, email me at firstname.lastname@example.org, visit more listings at www.beachrealestatemarket.com.