St Louis Real Estate Exchange

The most informative Real Estate Blog in St. Louis

Jan. 21, 2021

Celebrity Real Estate News

Sylvester Stallone's Reported New Palm Beach Home Is a Knockout

Sylvester Stallone is the buyer of a Palm Beach estate.

The Oscar-nominated star and his wife, Jennifer Flavin, purchased the mansion at 1480 North Lake Way for $35.4 million, according to the Palm Beach Daily News.

The Southpaw Trust, with Lester J. Knispel listed as trustee, took out a $15 million mortgage from CIBC Bank USA, records show.

The McMackins bought the 10,539-square-foot home from Lawrence Moens in 2018 for $26.7 million.

The property hit the market in June with an asking price of $37.8 million, according to Realtor.com. Moens represented the McMackins in the deal, and Christian Angle of Christian Angle Real Estate represented Stallone.

Built in 2014, the estate includes three separate structures: the main house, a guest house and a guest pavilion, according to the listing. Property records show the lot spans more than an acre.

In total, the property has seven bedrooms and 10 bathrooms. The house has views of the water and more than 250 feet of sandy beachfront.

Stallone adds to celebrities who have lived in the Palm Beach area. This month, Jimmy Buffett sold his Palm Beach home for $7 million, and Springsteen drummer Max Weinberg sold his home in Delray Beach for$5 million. In July, Bon Jovi bought an oceanfront Palm Beach estate for $43 million.

Watch the video: https://www.realtor.com/videos/sylvester-stallone-s-reported-new-palm-beach-home-is-a-knockout/00b32075-fefd-4564-ac40-4718ad176857

 

Jan. 21, 2021

Luxury Home Spotlight

69 Colonial Hills Dr, Saint Louis, MO 63141

Welcome to Serena Hill! This stunning brick home in Ladue Schools has everything you need for your luxury lifestyle. Sitting on 1.5 acres, with nearly 8,000 sq. ft. of living space, every detail has been thoughtfully crafted: 5 fireplaces, a gourmet kitchen w/state-of-the-art appliances, gleaming hardwoods, custom millwork and built-ins, archways, columns, and stylish lighting. The main level is an entertainer's dream, with a formal living and dining rm, gorgeous kitchen and breakfast rm, two-story family rm w/floor-to-ceiling stone fireplace flanked by windows, guest rm & laundry. The master suite is a retreat with a sitting rm, wet bar, fireplace, and bath w/Jacuzzi tub. Upstairs is a family loft and 3 more bedrooms, each w/ an en-suite bath. Relax in the finished LL with a rec rm, game space, office, home gym and even a built-in slide! Enjoy your own private oasis with a deck and hot tub that overlooks the beautifully landscaped pool area with a waterfall and manicured lawn beyond.

More Photos:

Jan. 21, 2021

Real Estate Market Report

Real Estate Market Report - January 2021

December is normally one of the slowest months of the year but strong buyer demand across most segments of the market, buoyed by near-record low interest rates, continue to drive a healthy sales pace in the face of a new wave of COVID-19 infections and a softening jobs market.
New Listings increased 18.2 percent for Residential homes and 46.6 percent for Townhouse/Condo homes. Pending Sales increased 22.1 percent for Residential homes and 41.6 percent for Townhouse/Condo homes. Inventory decreased 34.9 percent for Residential homes and 8.0 percent for Townhouse/Condo homes. 
Median Sales Price increased 11.1 percent to $200,000 for Residential homes and 7.5 percent to $174,720 for Townhouse/Condo homes. Days on Market decreased 25.8 percent for Residential homes and 18.0 percent for Townhouse/Condo homes. Months Supply of Inventory decreased 41.4 percent for Residential homes and 13.0 percent for Townhouse/Condo homes. 
With low mortgage rates and strong buyer demand in most market segments, the housing market of early 2021 looks to continue the trends we saw in the second half of 2020. Low inventory and multiple offers on indemand properties and market segments are likely to remain common while the market waits and hopes for a boost in new construction and a surge in home sellers to help provide more balance to the market.
May 15, 2020

Featured Investors' Corner

 

 

April 17, 2020

Featured Investment Property

 

711 North Elm Ave, St Louis, Missouri 63119

 

Two bedrooms, one bathroom completely renovated and move-in ready in the highly-rated Webster School District. The kitchen opens nicely to the dining area and living room. The entire home has new luxury vinyl plank flooring. The kitchen has new countertops, refinished cabinetry and stainless steel appliances. Backyard is fenced and flat with patio and oversized driveway. Other updates include new roof, windows, paint, trim, flooring, interior doors!! Plumbing Contractor to install new hot water heater and hook up sinks on 4/21.

 

More Photos: 

 

 

For more information, please contact Ryan Jackson

Email: Ryan@TheNettGroup.com

Cell: 314-719-9817

 

View Full Listing Details: https://stlouisrealestateexchange.realgeeks.com/property/20023557/?addrs

Feb. 20, 2020

What's Happening in St Louis

We’ve picked out some of the best events, festivals, museum exhibits, theater performances, concerts and more happening in St. Louis this February.  Check out these 10 things to do St. Louis this February and plan your visit today.

Soulard Mardi Gras | All Month Long

February is Mardi Gras time and the Soulard neighborhood hosts the biggest party in town.  The events happening this month include the Cajun Cook Off (Feb. 16), Taste of Soulard (Feb 23-24), and Pet Parade (Feb. 24)

GUITAR: The Instrument that Rocked the World | Through April 14

Experience the science of sound and the cultural impact of the guitar by exploring more than 70 instruments and 100 historical artifacts-ranging from the rare and antique to the wildly popular and innovative. This special exhibition from The National GUITAR Museum at the Saint Louis Science Center features hands-on activities, video performances, x-ray images of guitars’ inner workings and plenty of opportunities to strum and jam.

Orchid Show | February – March 24

The annual Orchid Show offers visitors a once-a-year opportunity to see a rotating display of hundreds of orchids from the Missouri Botanical Garden’s expansive permanent living collection amid a tropical oasis inside the Orthwein Floral Display Hall.

Oslo | February – March 3

Winner of the 2017 Tony Award for Best Play. In 1993, two bitter enemies shocked the world by shaking hands and agreeing to work toward peace. This breathtaking drama at The Repertory Theater tells the story of the secretive and precarious negotiations that made that moment possible. By focusing on the Norwegian couple who brokered talks between the Israelis and Palestinians, Oslo finds the unlikely story behind this historic event.

Lift Every Voice | February 22

Celebrate African American history and culture with the St. Louis Symphony, guest Byron Stripling and the IN UNISON Chorus. Hear Lift Every Voice at Powell Hall.

Kelly Clarkson | February 23

Catch Kelly Clarkson, taking a break from judging on NBC’s The Voice, on her first tour since 2015. February 23. Chaifetz Arena.

Sept. 9, 2019

139 Benedictine Ct | Florissant

139 Benedictine Ct | Florissant

139 Benedictine Ct | Florissant

Aug. 28, 2019

823 Wheelwright | Manchester

823 Wheelwright | Manchester

823 Wheelwright | Manchester

Aug. 16, 2019

11339 State Route 21 | Hillsboro

11339 State Route 21 | Hillsboro

11339 State Route 21 | Hillsboro

Aug. 12, 2019

328 Bramtonn Place | Arnold

328 Bramtonn Place | Arnold

328 Bramtonn Place | Arnold