homesmillbrae.com » Car Garage

America’s Cup sends rentals into the stratosphere

Fri, 12 Jul 2013 08:52:36 +0000

Would you pay $18K a month to rent this place, because it has a view of the Bay and thus the race action?

Share this gallery: 1 of 11

The home, perched atop Clarendon Heights, is one of many being marketed as a temporary rental specifically suited for fans of America’s Cup, and is actually the least expensive example we’ll offer today. Per its write up through Trulia, this is a 3 bed, 2 bath, “available June 15th through August 15th.” For the weekly rental price of $5,000, up to 12 people could share the home, which includes “sweeping views of the Ocean, Golden Gate Bridge, North and East Bay” plus two-car garage, patio, and utility costs (as long as they don’t exceed $250 a month, which if 12 people actually stay there, is possible).

$18K a month is a bargain, going by this next example:

Share this gallery: 1 of 9

A relatively unremarkable loft-style condo of 2 beds, 2 baths, this 2,300 square foot unit is advertised as follows: “Available July-Sept 2013. Sleeping 6 comfortably, look no further for a conveniently located place to stay for the upcoming America’s Cup races.” The views aren’t featured (we can’t tell if there is one) but the fact that it’s walkable to the Embarcadero is. For that, you’ll pay $25K a month (that includes utilities and cable, plus one car parking).

Moving still higher on the monthly rent, we land at this home somewhere on Francisco Street with a view of the action from its roof deck.

Share this gallery: 1 of 8

With 6 beds and 4.5 baths and a Marina District address, this condo asks $30K a month. Advertising on Trulia promises: “the master suite features a private deck, and there is a rooftop deck with extensive views of the Golden Gate Bridge, Alcatraz… and full view of the Americas Cup Events this summer.”

Is America’s Cup fever really this hot?

Can homes close to, or with a view of, the fabled race really command prices like these? The comments await.

Anna Marie Erwert writes from both the renter and new buyer perspective, having (finally) achieved both statuses. She focuses on national real estate trends, specializing in the San Francisco Bay Area and Pacific Northwest. Follow Anna on Twitter: @AnnaMarieErwert

Article source: http://blog.sfgate.com/ontheblock/2013/07/11/americas-cup-sends-rentals-into-the-stratosphere/

Million-Dollar Homes: Summertime Edition

Tue, 25 Jun 2013 20:06:30 +0000

Round One:

Ocean Duplex

First up is a beach cottage on Hilton Head Island, S.C., that is priced at $995,000. This nearly 2,000 square-foot house has four bedrooms and three bathrooms and sits on about 0.25 acres. The house has a two-car garage, swimming pool and a wrap-around porch to watch the sunrise. But the best view is down the garden path—the ocean itself.

An extra bonus for the location is that this beach house is surrounded by 16 acres of designated park area that can never be developed.

While the views are outstanding, the inside of the house could use a little sprucing up, according to Lenz.

“The finishes aren’t very high end. The furniture isn’t terrific, so I think most people would go in there and do some tweaking,” Lenz said. “But it’s the only one on the market.”

Rustic Retreat

Going up against the ocean duplex is a 20-year old timber-frame cabin in Jackson, Wyo., that’s priced at $975,000. The house offers about twice as much living space as the first home and sits on nearly four acres of land.

The cabin has four bedrooms, three bathrooms and a spacious kitchen. With cathedral ceilings and a wooden fireplace, the house bears western touches all around and a view from every room. The ample cabin has a basement that can serve as a game room and its master suite leads to an outside jet Jacuzzi.

The house is located less than a mile from a national forest and only 10 miles away from the famous Jackson Hole resort. The place is a fly-fishing paradise, but does not beat the ocean view.

The winner: the Ocean Duplex.

Article source: http://www.cnbc.com/id/100839349

The Million-Dollar Home Challenge

Wed, 24 Apr 2013 05:09:09 +0000

Greek Titan

Talk about getting some bang for your buck. This 1873 classical Greek revival home is priced at $899,900 and measures 11,544 square feet, roughly three times the Painted Lady’s space.

This historic home located in York, Pennsylvania has hosted presidents, cabinet members and even military generals within its spacious walls. It has 10 bedrooms, six bathrooms and nine fireplaces.

The 1.85 acre estate comes with a carriage house that’s been converted into a four-car garage. The house also includes an elevator, a barn and 10 chandeliers.

But does bigger always mean the better value?

“Better value without a question, metrics say is York,” she said. “But you really have to go with what’s going to appreciate most in the next five years and if you ask me, there’s no question it’s Painted Lady. Painted Lady is in a top suburb of Chicago, it’s an exciting place to live, right near Chicago. And that’s going to get the buyers.”

Article source: http://www.cnbc.com/id/100662286