Saturday, December 15, 2007

Linda A. Gary Real Estate Presents 460 Worth Avenue

In the early 1990s, noted Palm Beach architect Jeff Smith was asked to design a new residence on one of the most prominent waterfront parcels in the city – and on one of the island's most famous streets.

For the address at 460 Worth Avenue, the client wanted a three-bedroom Mediterranean-style home that would fit into the neighborhood where famous society architect Addison Mizner built some of his most fanciful waterfront homes in the 1920s.

Today, the Smith-designed estate home sits at the western terminus of Worth Avenue on a parcel with 185 feet of direct waterfront. Rooms are carefully positioned to offer grand panoramic views of Lake Worth and the West Palm Beach skyline. A deepwater, fully equipped dock can accommodate a 100-foot yacht.

Together with a two-story guesthouse, the three-bedroom, and six-baths residence offers 10,847 total square feet of living space and is listed for sale by Linda A. Gary Real Estate, Inc., of Palm Beach.

The living room features a herringbone hardwood floor and a 10-foot-high alcove ceiling. Wall panels are set off with cypress and triple arches with French doors opening to an expansive patio.

The library boasts an 11-foot-high coffered ceiling, built-in bookcases, hardwood floors and a carved stone and marble fireplace.

Elsewhere, a breakfast room with a peaked cypress-wood ceiling and banks of French doors is just steps away from the water. It opens to the kitchen, which has Mizneresque tile backsplashes, a Cuban tile floor, custom white cabinetry, granite countertops and top-of the line appliances. Overhead is a cypress-beamed ceiling.

The master suite includes a library and his- and her-baths and closets.

In the mid '90s, the home was purchased by its present owner, who asked Smith to add a guesthouse. As part of that project, a handsome billiards room serves as the guesthouse's living room. Dark-wood antique paneling is complemented by architectural inlays, an intricately carved ceiling and a built-in wet bar.

Lakeside are a heated pool, spa, fountain and cabana with a fireplace.

Other notable features of the house include an elevator and a wine cellar, The home also has impact-resistant glass installed in windows and doors throughout.

"

Real Estate Designers offers totally innovative solutions for your software
development, Internet programming,

real estate web design
and hosting needs. Our service includes domain name
registration and real estate web design. Real Estate Designers provides the
complete solution including design, application development and marketing.

"

Real Estate Designers offers totally innovative solutions for your software development, Internet programming, real estate web design and hosting needs. Our service includes domain name registration and real estate web design. Real Estate Designers provides the complete solution including design, application development and marketing.




source: palmbeachdailynews.com

News & Notes: Realtors Say U.S. Home Resales to Trend Up in 2008

Used-home sales in the United States are projected to trend up in 2008, with pending home sales showing a slight near-term rise, according to the latest forecast by the National Association of Realtors.

Lawrence Yun, NAR chief economist, said the worst part of the credit crunch has already worked its way through the data.

"Now that mortgage conditions have improved, some postponed activity should turn up in existing-home sales over the next couple of months, and I expect sales at fairly stable to slightly higher levels," Yun said.

NAR's Pending Home Sales Index, a "forward-looking" indicator based on contracts signed in October, increased

0.6 percent to an index of 87.2 from an upwardly revised reading of 86.7 in September. It was the second consecutive monthly gain.

"The broad trend over the coming year will be a gradual rise in used-home sales," Yun said.

The index in the northeast United States jumped 16 percent in October to 80.6. In the West, the index rose 8.4 percent to 87.3. The index in the Midwest slipped 1.4 percent in October to 85.5. In the South, the index dropped 7.8 percent in October to 91.6.

"The improvement in the Northeast reaffirms a trend apparent for some months now that shows signs of recovery, noteworthy because that was the first region to slump, and the gain in the West indicates some easing of interest rates for jumbo loans," Yun said. "Lawmakers need to understand that raising the loan limits on FHA and GSE-backed conventional loans will markedly improve mortgage availability."

Used-home sales are likely to total 5.67 million this year, the fifth highest on record, rising to 5.7 million in 2008. Used-home prices should be down 1.9 percent to a median of $217,600 for all of 2007 and then rise 0.3 percent to $218,300 in 2008.

"Home-price growth in the vast affordable midsection of America will help raise the national median exisitng-home price slightly in 2008. I then expect price appreciation to return to more normal patterns in 2009, perhaps rising one or two percentage points above the rate of inflation," Yun said.

"Even with a modest decline in the national aggregate price this year, it's important to keep in mind that nearly two-thirds of the metro areas in the (country) are showing price increases," he said.

Areas showing healthy price gains include disparate markets such as Gary-Hammond, Ind.; Binghamton, N.Y.; Corpus Christi, Texas; and Spokane, Wash.

"We can't emphasis enough how much local conditions vary, even within a given area, so it's important for consumers to make decisions based on local market conditions," Yun said.

New-home sales are forecast at 788,000 this year and 693,000 in 2008. Because builders have correctly adjusted production, Yun said, housing starts, including multifamily units, will probably total

1.36 million this year and 1.16 million in 2008, down from 1.8 million last year.

The 30-year fixed-rate mortgage is estimated to rise slowly to the 6.4 percent range by the end of 2008, with additional cuts in the Fed funds rate lowering short-term interest rates, Yun said.

Growth in the U.S. gross domestic product, he added, should be 2.1 percent in 2007, down from a 2.9 percent growth rate last year.

The unemployment rate is likely to average 4.6 percent for 2007, unchanged from last year, but rise to 5 percent in 2008, according to Yun. Inflation, as measured by the Consumer Price Index, will probably be 2.8 percent this year and 2.7 percent in 2008, down from 3.2 percent in 2006.

The Pending Home Sales Index is a leading indicator for the housing sector, based on pending sales of used homes. A sale is listed as pending when the contract has been signed but the transaction has not closed, though the sale usually is finalized within one or two months of signing.

The index is based on a large national sample, typically representing about

20 percent of transactions for used-home sales.

Used-home sales for November will be released Dec. 31.

"

Real Estate Designers offers totally innovative solutions for your software
development, Internet programming,

real estate web design
and hosting needs. Our service includes domain name
registration and real estate web design. Real Estate Designers provides the
complete solution including design, application development and marketing.

"

Real Estate Designers offers totally innovative solutions for your software development, Internet programming, real estate web design and hosting needs. Our service includes domain name registration and real estate web design. Real Estate Designers provides the complete solution including design, application development and marketing.




source: palmbeachdailynews.com

Your Family Decorator: Framed Personal Photos Make Thoughtful Holiday Gifts

At holiday time, I think of times past as well as times present, and in this fast-moving world, nothing makes me more happy than a pleasant memory captured by a camera – snap, snap and recorded memories! Now, everyone knows we've come a long way since the Brownie, through the world of Kodak, the world of the Polaroid, the world of Sony – oh, there have been many changes in recording memories.

But although the technology may have changed, the images recorded, remain there for us to frame and place on the tops of our pianos, television cabinets, console tables and night tables or to hang on the walls – and on any wall we choose.

I have many such captured memories, and housing them in frames, be they silver frames from the Victorian era or "now" frames from Tiffany & Co. So many frames are out there in the stores – frames covered in fabrics, frames of steel, frames of mirror, frames bejeweled, frames of shells, frames of wood. The frames are of different shapes and sizes, from rounds to rectangles, hearts and squares. And there are tabletop double-photo folding frames and frames that hold four pictures, as well as frames that hold 12 pictures and hang on the wall.

What a great gift frames make. I recently received from a childhood friend, Joan Diamond, in Delray Beach, three pictures of my family taken many years ago on a sailing trip. It was a great Christmas present, particularly for the photos but also for the thought that went into it. The photos were framed in silver and ready to sit on the window console in my office. Sending a photograph of a loved one to a loved one at Christmas is one thing to be cherished, but sending the photo fully framed and ready to display is an even-more-cherished way of saying "I love you."

Nellie Xinos, my public relations associate at my New York office, is putting together photograph albums of my family pictures that I shall give to my boys as a holiday gift. The photos in the album are of my late parents, their parents and early pictures of Yours Truly in a variety of places that my boys have never seen before – happy photos to give to my sons at this stage of their early adulthood.

If you are in a quandary about what to give a friend for Christmas this year, shop around the Palm Beaches for picture frames that are right for the photo you wish to frame. A photo of a young man or girl in cowboy gear might best look right in a frame of leather or even wood. A photo of your daughter at a beach in the Caribbean would look right in a frame of bamboo. A photo of Grandma and Grandpa at an anniversary party can be framed in silver. And a photo of that special loved one can be framed in a reflective Venetian-glass-style frame – one of those reproductions made in India that are so fanciful and special.

If you shop at any of the department stores these days, you'll find that there are hundreds of different style frames from which to choose – and choosing a frame for a portrait is even more special a task. My friend, the portrait painter Ralph Wolf Cowan, who resides in the Palm Beaches and who paints the likenesses of past icons like the late Grace Kelly and more recent idols like the late Princess Diana, is always selecting the right frames for his portraiture – sometimes frames covered in gold leaf, other times Baroque frames of black and gold and still other times frames of carved wood. But always, the frames complement the subjects in his works.

By the way, if any of my readers wish to give a special Christmas present to a family member that is out of the ordinary, I might suggest a sitting with Cowan for a portrait. I believe that portraits are an essential element of loving design in one's home, as remembrances of youth – or simply the time before Grandma became a grandma. But there is no time in life when a portrait shouldn't be painted, whether childhood, adulthood or senior adulthood: Portraits always bring memories into the home.

At this holiday time, remember that memories captured on film are memories that will stay forever. I love to continually change the photos in the frames in my home. I never throw the replaced photos away, of course. I simply keep them stored behind the new photo, so that I can bring forward what I placed behind at any time I wish. But then again, I rarely do this. I simply buy a new frame and place the new one next to the old! I never forget my old friends. They are friends forever.

This holiday season, think pictures in stand-up frames for a memory-filled gift.

Interior designer, author and columnist Carleton Varney is the president and owner of Dorothy Draper & Co. in New York City, one of the oldest established interior design firms in the United States. Varney's worldwide roster of clients includes many in Palm Beach. He welcomes decorating questions from readers. E-mail him at cvarney@dorothydraper.com or write to him at Carleton Varney, c/o Darrell Hofheinz, Palm Beach Daily News, 265 Royal Poinciana Way, Palm Beach 33480.

"

Real Estate Designers offers totally innovative solutions for your software
development, Internet programming,

real estate web design
and hosting needs. Our service includes domain name
registration and real estate web design. Real Estate Designers provides the
complete solution including design, application development and marketing.

"

Real Estate Designers offers totally innovative solutions for your software development, Internet programming, real estate web design and hosting needs. Our service includes domain name registration and real estate web design. Real Estate Designers provides the complete solution including design, application development and marketing.




source: palmbeachdailynews.com

Anything But Ordinary's Helene Austin, Debora Maale decorate with holiday cheer

The holiday season in Palm Beach is a time of merriment, of parties, celebrations and good cheer. And like the party-goers themselves, the island's homes, restaurants and clubs are dazzlingly dressed, thanks to the magic of holiday decorating. Add the twinkle of holiday lights, and suddenly the island has become a winter wonderland, Palm Beach style.

Few would know more about this transformation each season than the decorating divas at Anything But Ordinary on Georgia Avenue in West Palm Beach. Whether they are adding a splash of holiday cheer inside Taboó or preparing a private residence for a holiday party, Helene Austin, the firm's owner and designer, and her designer and manager, Debora Maale, understand the value of hard work and creative insight in accommodating the discerning tastes and meeting the high expectations of their Palm Beach clients.

Many Palm Beachers have limited time to prepare for the holidays, because they travel extensively or remain up north until the winter season begins, explains Maale, standing with Austin in the middle of their festive showroom and studio, which was formerly in Palm Beach. The pair's goal is to handle all the decorations and installation, allowing their clients to focus on other things during the holiday frenzy. They start the process by meeting and discussing decorating plans with their customers early in the year. By the time Thanksgiving arrives, Austin and Maale are well on their way to bringing their customers' decorating plans to fruition.

"We do everything from traditional to very, very tropical," Maale says of their holiday design themes. For the latter, they'll make use of anything from beach shells to palm fronds. Their magnolia wreaths, meanwhile, are popular year-round.

"We try to think outside the box," Maale adds, adding that clients in Palm Beach love to be amazed and surprised.

Austin and Maale stress how important the holiday wreath is for many island homes. "It makes the statement for what you're going to see when you go through their doors," Maale says, explaining how the right holiday wreath on the front doors of a home serves as a decorative introduction to the theme of the ornaments or party decorations inside.

And bigger is often better, she adds. "The fuller, the brighter, the better," Austin says, describing her recipe for successful wreaths and holiday trees.

Austin is no stranger to Palm Beach. In fact, her family's roots on the island can be traced back to the later half of the 19th century, when her great-great grandfather on her father's side arrived in Palm Beach in 1890. Austin's mother's family came to the area in 1918. Austin's parents, Richard and Pat Johnson, reside in Palm Beach, and her five siblings also live in Palm Beach County. Austin's two sons are seventh-generation Floridians.

Austin's family's commitment to the Palm Beaches has always been an important part of her life. Most recently, Austin's parents have helped preserve the history of the Palm Beaches through their lead gift to the Historical Society of Palm Beach County's capital campaign to build a countywide history museum. The much-anticipated, 8,000-square-foot museum – along with the society's headquarters – is scheduled to open in March within the restored historic 1916 courthouse in downtown West Palm Beach. The museum will be named the Richard and Pat Johnson Palm Beach County History Museum.

Austin, meanwhile, lives with her husband and two sons in West Palm Beach off scenic Flagler Drive – where, across from Lake Worth, she enjoys the water views and town skyline of Palm Beach. She says she moved Anything But Ordinary from its old location on Worth Avenue to West Palm Beach to better serve its corporate and individual clients.

The inspiration Austin and Maale find for their festive fare begins long before the daytime temperature drops below 80 degrees. Every July, the duo heads to the Atlanta Merchandise Mart's to-the-trade-only gifts-and-decorations show.

"We love to go to Atlanta," Austin says about the show, where they collect ideas and order items from vendors. Following their annual pilgrimage, they return to Palm Beach, excited about incorporating their discoveries into wreaths, garlands and trees.

Color plays a crucial role in their work – and staying ahead of the curve is critical, as well-traveled and well-read Palm Beachers are often aware of trends. Anything But Ordinary, for instance, often uses royal blues and rustic browns in wreaths and trees featuring peacock feathers.

"The colors of the browns and the blues and the golds are just so hot this season," Debra says of hues heavily promoted at the July show in Atlanta.

"And last year, we had already done it," Austin adds with a bit of pride.

Austin describes one of their favorite tree-and-wreath themes: "Southern Comfort." Featuring pineapples, magnolias and hydrangeas, the design reflects the qualities of Southern hospitality, warmth and charm. The Southern Comfort tree, for example, is enlivened with sprays of green hydrangeas. Orange, green, and gold assorted ornaments hint at fruit varieties, while magnolia blossoms and leaves intermingle with the foliage.

Clients can choose real or artificial items for their decorations. For example, real magnolia leaves can be replenished as the season wears on – or, if the clients let them fade, they turn a handsome rusty brown, Maale explains.

Their Southern Comfort wreath, meanwhile, features magnolia blooms and silky green leaves. Accents of gold and bronze are added via swirling ribbon, while faux apricots nestle among the flowers.

Wreaths are one of their specialties. Working with exotic materials, the creations are beautiful enough to leave hanging throughout the year. One of their most striking is the "Peacock Wreath," in which feathers are woven around large golden balls. Leafy accents with details of gold paint dress up the foliage. A shimmer of green translucent ribbon crowns the wreath.

A more traditionally styled wreath – but no less splendid – pairs red and gold ornaments with greens in the form of hardy leaves. Bright red flowers are nestled among large gold beads, and the finished wreath is accented by a bountiful red bow with gold trim.

When they're not adding sparkle to the winter holidays, the pair handles decorations, floral arrangements and event-planning services for weddings and other special events.

But during November and December, you'll likely find them in private homes and commercial venues, creating bright holiday memories for clients and their guests alike.

"

Real Estate Designers offers totally innovative solutions for your software
development, Internet programming,

real estate web design
and hosting needs. Our service includes domain name
registration and real estate web design. Real Estate Designers provides the
complete solution including design, application development and marketing.

"

Real Estate Designers offers totally innovative solutions for your software development, Internet programming, real estate web design and hosting needs. Our service includes domain name registration and real estate web design. Real Estate Designers provides the complete solution including design, application development and marketing.




source: palmbeachdailynews.com

Fannie Mae Increases Fees For New Mortgages

The cost of new mortgages is going up as Fannie Mae has added a new up-front charge to the loans they purchase or guarantee.

It looks like the cost of lending is starting to be felt by the consumers as the lending institutions try to reclaim some of their losses. Smart business and the consumer will not notice too much if rates continue to drop. It will make it harder for originators as they will have another fee to work into their loan package.

"

Real Estate Designers offers totally innovative solutions for your software
development, Internet programming,

real estate web design
and hosting needs. Our service includes domain name
registration and real estate web design. Real Estate Designers provides the
complete solution including design, application development and marketing.

"

Real Estate Designers offers totally innovative solutions for your software development, Internet programming, real estate web design and hosting needs. Our service includes domain name registration and real estate web design. Real Estate Designers provides the complete solution including design, application development and marketing.




source: therealestatebloggers.com