Tuesday, October 29, 2013

David Sedaris Buys Emerald Isle Oceanfront Getaway

BUYERS: David Sedaris and Hugh Hamrick
LOCATION: Emerald Isle, NC
PRICE: $825,000
SIZE: 2,640 square feet, 6 bedrooms, 4 bathrooms

YOUR MAMAS NOTES: By his own tally, Grammy-winning humorist and author David Sedaris is a bit of a real estate baller with an international property portfolio.The best-selling author, side-splitting story-teller, prolific memoirist, and engaging monologist and his long-time man-mate, painter and set designer Hugh Hamrick, don't maintain a vast stable of over-sized mansions and high-maintenance estates like most of the real estate ballers Your Mama discusses around here but they do, none-the-less, own at least eight relatively modest residences in (at least) three countries.

In addition to their current residence, a 16th-century farmhouse in the rural South Downs area of West Sussex in the south of England, the couple also own: their former home, a rustic cottage in an almost non-existent village in France's Normandy region; an apartment and a house in London; not one but three apartments in Paris;* a house in North Carolina, where Mister Sedaris says his sister lives; and, their most recent acquisition, we learned from Mister Sedaris's latest installment in The New Yorker, an ocean front duplex in Emerald Isle, NC that he and his mister picked up last summer (2013) for—as per property records—for $825,000.

The purchase of a beach house in Emerald Isle, NC, might seem a tetch odd for someone who has, for quite some time, happily lived abroad. But it makes much more sense if you know that Mister Sedaris grew up in Raleigh, NC, spent childhood summers with his parents and five siblings on Emerald Isle, and used to tell himself that he would one day "buy a beach house and that it would be every one's as long as they followed my Draconian rules and never stopped thanking me for it."

Listing details (and other information) Your Mama dug up indicate the unassuming—if downright unattractive, two-story duplex was built in 1978 on a high dune with unobstructed ocean views up and down the shoreline of the slender barrier island. All together, as per digital marketing materials, there are six bedrooms and four bathrooms in 2,640 square feet but, given the exterior symmetry, Your Mama thinks it's probably safe to assume that each of the units has three bedrooms and two bathrooms in 1,320 square feet. One rental listing we turned up online indicates there's a (probably and hopefully double-locked) doorway that connects the two units that each rented for the 2013 season at rates that started at about $1,200 per week.

Our opinion, as informed by rental listing photographs Your Mama dug up on the internets, is that at the time of Misters Sedaris and Hamricks' purchase each of the units was inexpensively (and depressingly) decorated with a mis-matched hodge-podge of cast-offs and other furnishings that look like they were selected not for personal attachment or aesthetic satisfaction but rather for their low cost, long-range durability, and stain resistance.**

As per digital marketing materials, both of the units have upgraded kitchens, a description that translates for at least one of the units to egg-shell toned linoleum flooring, new and average-quality stainless steel appliances, and white cabinetry topped by cornflower blue laminate counter tops. A one- (or maybe two-) stool breakfast bar separates the kitchen(s) from the carpeted combination living/dining room(s). Large windows are filled with beach and ocean views and a door in the dining area connects to a shared, lower deck that runs the full-width of the duplex. The lower deck, shared by both units and shaded by the deck above it, has a handful of rocking chairs and not-rocking chairs, a couple of picnic benches, which we love because we love a beach-side picnic bench, and, somewhere, an outdoor shower area.

A brief and unscientific study of the window placement on the rear façade suggests to Your Mama that four of the duplex's six bedrooms face the ocean and that at least two of them have direct access to a shared, upper-level deck with a sensational and sea gull-ish view. However, butter beans, based on the various rental listing photographs Your Mama perused, we'd bet both our long-bodied bitches, Linda and Beverly, that all six of the almost comically bare-bones bedrooms were done up by the sellers with little more than decoratively questionable bed linens and window treatments.

A catwalk extends off the back of the lower deck and descends to another deck with built-in benches that's set half-way down the dune. Although this slightly elevated location would undoubtedly make a sweet spot to view a summer sunrise Your Mama imagines this deck fills up with with a kaleidoscopic tangle of beach chairs and umbrellas, booze coolers, boogie boards and other necessary beach equipment that turns it into more of an ankle-breaking hazard than a serene early a.m. spot to reflect on whatever it is one reflects upon when they staring contemplatively at the ocean.

*Private note to Mister Sedaris: You mentioned in this interview that you and Hugh sometimes just hand out the keys to one of your Paris apartments to friends, acquaintances, and virtual strangers. Well, hunney, if you ever feel like tossing them keys Your Mama's way, please do. We just j'adore Paris in the winter and promise not to leave any cut-rate cereal in the kitchen cupboard. Think about it. Seriously, think about it. Anyways...

**These are, to be sure, excellent qualities in furnishings for investment-oriented real estate that is regularly rented out to seaside vacationers who may or may not treat the furnishings in a considerate or even respectable manner. But, believe it children, low-cost, durable and stain resistance does not have to be this ugly. It really doesn't. 

(rental) listing photos: Emerald Isle Realty, FlipKey

Monday, October 28, 2013

Roger Federer Going Modern in Herrliberg?

He may be in the sunset of an almost freakishly stellar career on the tennis court—yesterday he lost in the finals of the Basel indoor tournament in his home country of Switzerland to Argentine Juan Martín del Potro—but tennis titan Roger Federer still rakes in vast sums of money, some of which he spends on high-priced real estate.*

In addition to a villa in South Africa and a luxury apartment in Dubai the low-key but luxe-living 17-time Grand Slam winner reportedly maintains a number of properties in Switzerland including (but perhaps not limited to) a terrace apartment in the wee lake-side municipality of Wollerau and a pair of newly constructed and very contemporary side-by-side chalets in the Swiss Alps town of Valbella—one for him and his family and the other for his parents—that are reportedly linked by an underground passage.

Mister Federer's most recent addition to his impressive real estate portfolio came in late 2011 when he and his missus, Mirka, spend somewhere around 29,000,000 Swiss Francs for a vacant 5,800 square meter parcel high on a steep and scenic slope above Lake Zurich in the Laubhölzli area of the historic and wealthy lake-side community of Herrliberg. Your Mama's currency and land conversion contraption shows those figures equal just about 32.4 million U.S. dollars (at today's rates) and a bit more than 1.4 acres.

Of course, Your Mama really have no idea if or what exactly Mister and Missus Federer plan to build on the prime piece of property in Herrliberg but a little birdie—let's call him Caleb Clockmaker—recently pointed Your Mama's nosy nose to the website of a fancy Swiss architecture firm that appears to have been commissioned to design a glassy, spacious and modern-minded three-story residence for the Federer family.

No details of the sleek abode are included on the architecture firm's digital portal but renderings indicate there will be a carport/motor court beneath a giant circular cut out through which a trio of trees grow, lots of glass-railed terraces with sweeping views over Lake Zurich, a smaller secondary building—presumably for guests or staff, an outdoor swimming pool that will most certainly cost a fortune to heat in the winter, and, even though it's just a short walk from the TC Herrliberg tennis club, a private tennis court.

*The Forbes folks estimated Mister Federer's income for the twelve month period between June 2012 and June 2013 to be about $71,500,000, the vast majority of which was derived from appearance fees, exhibition matches, and fat endorsement contracts with brands such as Rolex, Mercedes Benz, Nike, and Credit Suisse.

renderings: Arndt Geiger Herrmann

Rent Gloria Estefan's Guest House

OWNERS: Gloria and Emilio Estefan
LOCATION: Miami Beach, FL
PRICE: $30,000 per month
SIZE: 4,500 square feet, 3 bedrooms, 3 bathrooms

YOUR MAMAS NOTES: Oddly enough, Your Mama first heard it over the weekend from an anonymous tipster that 50-something year old Cuban-born crossover pop star Gloria Estefan put the guest house of a waterfront compound she owns on Miami Beach's swanky Star Island enclave up for lease at $30,000 per month but it seems the ever-assiduous folk at celebrity gossip juggernaut TMZ got to it first. These things happen. Anyways...

Property records Your Mama peeped indicate the property last changed hands in late 1993 for $1,840,000. The current owner, a mysteriously named corporate entity can be linked to seven-time Grammy winner Miz Estefan, her 19-time Grammy winning music producer husband, Emilio, and Frank Amadeo, the president of the Miami Beach-based Estefan Enterprises.

Current digital marketing materials (and property records) show the gated guest house sits on a 1.339 acre waterfront parcel and has three bedrooms and 3 bathrooms in about 4,500 square feet. Listing details go on to indicate the "tastefully decorated Floridian villa" includes an eat-in kitchen, a second floor loft, and plenty of closet space as well as a private entrance (from the main house) and a spa encircled by a foliage enshrouded trellis structure.

Your Mama found evidence online that the entire estate—the guest house and the 5 bedroom main house—were recently available as a furnished lease at $75,000 per month and, as recently as late May (2013), the property was available for lease at $7,500 per night with a three night minimum.

This property is not, children, where Mister and Missus Estefan actually live. Their larger and more Mediterranean-style compound-like residence is located half a dozen mansions away. Pill-shaped and guard-gated Star Island has long attracted celebrities and other high profile people. Cuban-born money man Paul Cejas—a former ambassador to Belgium—owns one of the smaller Star Island estates and, at more than 6 manicured acres, the largest is owned by pharmaceutical tycoon Phillip Frost.

Russian vodka mogul Roustam Tariko spent more than $25 million for his 9 bedroom and 11 bathroom Star Island mansion in 2011 and in 2009 Shaquille O'Neal's former mansion was purchased for $16 million by (hunky) Russian billionaire Vladislav Doronin who's  reportedly spent more than twenty million bucks remodeling and reworking the entire property. (He's the former man-friend of Naomi Campbell who—ouch!—now dates a much younger Chinese model who Miz Campbell mentored on her model-search show The Face.)

Puff Father or Fiddle Diddle or whatever name Sean Combs goes by nowadays still owns the Star Island spread he picked up back in 1999 while Rosie O'Donnell recently unloaded her estate for $16.5 million to real estate investors David and Linda Frankel. (She's Diane Sawyer's sister).

The so-called housewives of The Real Housewives... reality franchise have a long history with Star Island as well. The gals from Atlanta once spent a melodramatic weekend at the estate of idiosyncratic German-born real estate developer Thomas Kramer and two of the high-maintenance ladies from the Miami version of the show now own homes on Star Island. In May 2011, Gala-throwing Lea Black and her attorney hubby, Roy, paid $7,107,000 for their estate that once belonged to Tommy Mottola and, in October 2012, cosmetic surgeon Lenny Hochstein and his artificially enhanced wife, Lisa, bought their all but decrepit Star Island mansion and have ever since been locked in a fevered and bitter battle with preservationists who are adamantly opposed to the Hochstein's plan to knock down and replace the existing mansion with a brand new and exceptionally lavish mansion.

listing photos: Southone Realty Services via Point 2