St Louis Real Estate Exchange

The most informative Real Estate Blog in St. Louis

Feb. 20, 2020

Luxury Home Spotlight

16757 Eagle Bluff Ct, Chesterfield, Missouri 63005

Exceptional 1.5 story home with over 8000 finished sq ft on premier 1.55 acre, cul-de-sac lot backing to trees! EIGHT bedrooms, 6 full/2 half baths. 10-ft ceilings and hdwd floors on main level. Formal Dining with tray ceiling & stunning crown molding. A wall of windows, cozy gas FP and perfectly placed wet bar make for a fantastic entertaining space in the Great Room. 

Kitchen offers custom cabinetry, center island/breakfast bar, granite counters, stone backsplash, SS appliances, walk-in pantry, coffee bar and Butler’s pantry. Vaulted Breakfast/Hearth Room w/ floor-to-ceiling stone FP.

MF Master retreat features a spacious sitting room & private balcony. Master Bath has His/Hers vanities, soaking tub, TWO W/I closets and oversized shower.

Front/Back stair design provides easy access to all SIX spacious, UL BRs and 2nd floor laundry. Fin w/o LL provides addl space to entertain/play w/ Media Room, Rec Room, BR #8, 3rd laundry and full bath. Gunite saltwater pool, patio & composite deck.

Credits to Listing Agent:

Sheryl Deskin Keller Williams Realty Chesterfield

Feb. 20, 2020

Celebrity Real Estate News

Jeff Bezos Buys David Geffen’s Los Angeles Mansion for a Record $165 Million

Amazon Chief Executive Jeff Bezos has purchased the Warner Estate from media mogul David Geffen for $165 million, according to people familiar with the transaction.

The deal marks a record for the Los Angeles area. The previous residential record was set late last year, when media executive Lachlan Murdoch paid roughly $150 million for Chartwell, a Bel-Air estate used as the Clampett residence in the television show “The Beverly Hillbillies.”

On 9 acres in Beverly Hills, the Warner Estate was designed in the 1930s for Jack Warner, the late former president of entertainment giant Warner Bros. The property had expansive terraces, sprawling gardens, several guest houses, a tennis court and its own 9-hole golf course. “No studio czar’s residence, before or since, has ever surpassed in size, grandeur, or sheer glamour the Jack Warner Estate on Angelo Drive in Benedict Canyon,” wrote veteran Los Angeles real-estate agent Jeff Hyland in his book, “The Legendary Estates of Beverly Hills.”

“I would say it’s one of the most beautiful properties in the world, let alone Los Angeles,” said local agent Kurt Rappaport. No real-estate agents were involved in the transaction, according to a person familiar with the deal.

Mr. Geffen bought the property for $47.5 million in 1990, setting the then-record for a Los Angeles area home. He couldn’t immediately be reached for comment.

Bezos Expeditions, an umbrella company for various endeavors including Mr. Bezos’s ownership of the Washington Post and his charitable foundation, also paid $90 million for a plot of undeveloped Los Angeles land, according to the person familiar with the deal. The land was purchased “as an investment,” the person said. The seller was the estate of Paul Allen, the Microsoft co-founder who died in 2018.

Earlier this year, Mr. Bezos purchased three New York apartments in a deal valued at around $80 million. If turned into a home, the three units at 212 Fifth Avenue would total over 17,000 square feet.

Source: https://www.realtor.com/news/celebrity-real-estate/jeff-bezos-buys-david-geffens-los-angeles-mansion-for-a-record-165-million/

Feb. 20, 2020

Real Estate Market Report

Real Estate Market Report - February 2020

Buyer demand continues to be strong but with tepid seller activity still in many locations, total sales are lower than they would normally be in a more balanced market. While up from their recent lows a few months ago, mortgage rates end the year close to three-quarters of a percent lower than a year ago, helping to improve affordability and offset rising home prices.

New Listings increased 1.5 percent for Residential homes and 9.1 percent for Townhouse/Condo homes.

Pending Sales decreased 7 percent for Residential homes and 10.5 percent for Townhouse/Condo homes.

Inventory decreased 15.2 percent for Residential homes and 10.6 percent for Townhouse/Condo homes. Median Sales Price increased 5.9 percent to $180,000 for Residential homes and 3 percent to $170,000 for Townhouse/Condo homes.

Days on Market increased 13 percent for Residential homes and 9.4 percent for Townhouse/Condo homes. Months Supply of Inventory decreased 15.2 percent for Residential homes and decreased 14.3 percent for Townhouse/Condo homes.

With low mortgage rates, low unemployment, and continued wage growth, home buyer activity is expected to remain healthy into the new year. New construction has been on the rise in 2019 and is expected to continue into 2020, but many experts note that the country is still not building enough new units to quench demand. It remains to be seen whether existing homeowners will be enticed to sell by higher home prices, which could finally bring the overall housing market into greater balance.

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

Aug. 12, 2019

421 Villa Blanc #14B | O'Fallon

421 Villa Blanc #14B | O'Fallon

421 Villa Blanc #14B | O'Fallon

Aug. 9, 2019

12466 Conway Rd | St Louis

12466 Conway Rd | St Louis

12466 Conway Rd | St Louis