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Real Estate |
All aboard! We've got a one-way ticket to see some elaborate (and expensive) model train sets. Mansion reporter Candace Taylor talked to several homeowners who've devoted entire rooms in their houses to the hobby and spent hundreds of thousands of dollars to outfit these spaces for trains. No more unfinished basements for these model railroaders. |
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| The train room on the second floor of Ron Hollander’s house on Long Island. DOROTHY HONG FOR THE WALL STREET JOURNAL |
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| Retired pro golfer Ed Doughtery uses his six-car, two-story garage at his home in Boothwyn, Pa., to house his enormous model train set. MICHELLE GUSTAFSON FOR THE WALL STREET JOURNAL |
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On Lake Michigan, rising water levels have left homeowners scrambling to protect their waterfront properties, while also dealing with fallout from a global pandemic. Shoreline-protection projects typically cost between $200,000 and $300,000 per home and aren't typically covered by insurance, according to Greg Weykamp, founder of waterfront engineering firm Edgewater Resources. About a third of the homes he sees are in immediate risk of damage, with another third needing repairs within the next year, he says. “If the home is at-risk, it essentially has no value; nobody is going to buy that home, period,” he adds. More on that right here. And finally, one L.A. developer is planning to list a massive 20,000-square-foot penthouse at his condo project in West Hollywood for "nine-figures-plus." If the unit sold for $100 million or more, it would shatter the city's condo sale record. Happy reading! —Kerry Barger, digital editor of Mansion |
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| Model Railroaders Are Parking Their Train Sets in Souped-Up Spaces |
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| JULIE BIDWELL FOR THE WALL STREET JOURNAL |
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Forget unfinished basements. These model railroading enthusiasts are spending hundreds of thousands of dollars to build train rooms in their homes. |
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| Rising Waters on Lake Michigan Are Threatening Luxury Homes |
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| BRIAN MCDONALD FOR THE WALL STREET JOURNAL |
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| An L.A. Home Is Hitting the Market for $100 Million-Plus—No, It’s Not a Megamansion |
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| BINYAN STUDIOS (RENDERING) |
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$74 billion | What foreign buyers purchased in U.S. residential real estate in the year ending in March, down 5% from the prior year and the third straight year of declines, according to NAR. Foreign purchases of U.S. homes dropped to the lowest level since 2013, a boost for domestic buyers at a time when inventory has been tight. (Read more) |
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As New Yorkers flood the Hamptons, one homeowner is listing his oceanfront estate for $52 million. Located in the hamlet of Wainscott, the mansion is the summer home of David Susser, an aerospace and defense entrepreneur, and his wife, Marla Susser. |
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DJ and social-media star Gianluca Vacchi has purchased a furnished waterfront Miami Beach home for $24.5 million. The teak, glass and stone house has seven bedrooms over approximately 12,700 square feet, plus a screening room and 7,400 of terrace space. |
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Billionaire hedge funder Cliff Asness sold his Miami Beach penthouse at a significant loss from the $26 million he paid for it just two years ago. Mr. Asness fetched $22 million for the beachfront unit. |
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House Call | Catherine Hardwicke Is a Director Who Loves to Leap | | The filmmaker was ‘too creative’ for architecture school, so she took a shot at Hollywood. |
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Escape | Zen Ten: Up The River | | We are all sick of looking at the same four walls. So, from the archives of The Wall Street Journal's Mansion section, we visit the Hudson Valley to check out some historic mansions. |
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Comparison Shopping | Carriage Houses Take Homeowners on a Ride Through Time | | These outbuildings once stored horse-drawn carriages. Now they serve as offices, guest houses and in some cases, primary homes. |
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Homes sales are surging in the suburbs. It's a different story in Manhattan. (CNBC) This virtual real-estate brokerage scored a record $8.3 billion in profits during the second quarter. (The Real Deal) Millennials can only afford to put down a 10% down payment on a home, according to a new survey. (Yahoo) |
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| Vote for WSJ's House of the Week |
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| Clockwise from top: MARSHALL ELIAS PHOTOGRAPHY/SOTHEBY’S INTERNATIONAL REALTY, MATT HUBER/MATT MEDIAWORKS, SAMANTHA WARD/PICTURE KC |
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Drum roll 🥁 Will it be a Santa Fe retreat built for wellness, a renovated Tudor in Kansas City or a modern home in the heart of horse country? |
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| August 7, 2020 Edition of Mansion |
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