PRESS RELEASE

World’s richest man buys Manhattan house for $44 Million

 

Top sale in Jacksonville/Ponte Vedra this year, $5,375,000

 

July 31, 2010-Mexican mogul Carlos Slim, who ranks number one on this year’s list of Forbes billionaires, has purchased the Duke-Semans Mansion on Fifth Avenue in Manhattan for $44 billion, according to The Wall Street Journal. The sale set the fourth highest price ever paid for a townhouse in NYC. By comparison, the most expensive home sale finalized this year in Jacksonville/Ponte Vedra was the sale of an oceanfront home for $5,375,000.

 

Located on Fifth Ave and 82nd Street in New York’s Upper East Side (directly across from the Metropolitan Museum of Art), the turn of the century beau arts townhouse is not expected to be home to the world’s richest man. Instead, Slim’s spokesperson is quoted as saying that the billionaire purchased the home as an investment.

 

The former owner, Tamir Sapir, whose rags-to-riches story took him from taxi driver to real estate wheeler dealer, purchased the house in 2006 for a reported $40 million and listed it for sale in January for $50 million.

 

Earlier this year, Slim also purchased a $140-million New York City office tower. In addition, he has invested in both The New York Times Co. and New York-based retailer Saks Fifth Avenue.

 

"The sale of the Duke-Semans mansion is another indication that the U.S trophy home market remains alive," said Laure Moore-Moore, founder of The Institute for Luxury Home Marketing, based in Dallas. "This April, Texas Energy executive Kelcy Warren purchased a Colorado property for $46.5 million. Then, hot on the heels of this transaction, an un-named Indonesian buyer contracted for a Bel-Air mansion for a something close to $50 million," added Moore-Moore. "These transactions illustrate that the wealthy view residential real estate as not only lifestyle purchases, but also as smart additions to their investment portfolios."

 

Kim Davis, a member of The Institute for Luxury Home Marketing and Broker/Owner of Ponte Vedra Beach Realty, Inc., says that although these recent sales exceed $40 million each, they are substantially below the price of the most expensive home listed in the U.S. The widow of producer Aaron Spelling is marketing her residence in the exclusive Holmby Hills neighborhood of Los Angeles for a jaw-dropping $150 million. "By contrast, the most expensive home for sale locally is listed at $15,090,000," said Davis.





  KIM DAVIS EARNS PRESTIGIOUS DESIGNATION TO HELP HOMEOWNERS IN DANGER OF FORECLOSURE

Kim Davis, Broker/Owner of Ponte Vedra Beach Realty, Inc. has earned the prestigious Certified Distressed Property Expert (CDPE) designation, having completed extensive training in foreclosure avoidance and short sales. This is invaluable expertise to offer at a time when the area is ravaged by "distressed" homes in the foreclosure process.

Short sales allow the cash-strapped seller to repay the mortgage at the price that the home sells for, even though it is lower than what is owed on the property. With plummeting property values, this can save many people from foreclosure and even bankruptcy. More and more lenders are willing to consider short sales because the are much less costly than foreclosures.

There are no communities immune and it is happening in all price ranges. Local experts say that even high-priced homes are not immune to distressed properties.

"This CDPE designation has been invaluable as I work with sellers and lenders on complicated short sales," says Davis. "It is so rewarding to be able to help sellers save their homes from foreclosure."

Alex Charfen, founder of the Distressed Property Institute in Boca Raton, Fla., said that Realtors such as Kim Davis with the CDPE designation have valuable training in short sales that can offer the homeowner much better alternatives to foreclosure, which virtually destroys the credit rating. These experts also may better understand market conditions and can help sellers through the emotional experience, he said.

The Distressed Property Institute opened in January 2008 and provides training on-site and online. The CDPE is the premier designation for Realtors helping homeowners in distress and handling short sales.

"Our goal is to educate as many people as possible so we can help as many homeowners as possible," Charfen said.

For more information about CDPE designation or to contact Kim for help with your distressed property, please call (904)285-6522 or (888)575-0077.









Ponte Vedra Beach Realty
Receives 2008
Best of Ponte Vedra Beach Award


U.S. Local Business Association´s Award Plaque Honors the Achievement

WASHINGTON D.C., December 9, 2008 -- Ponte Vedra Beach Realty has been selected for the 2008 Best of Ponte Vedra Beach Award in the Real Estate Agents category by the U.S. Local Business Association (USLBA).

The USLBA "Best of Local Business" Award Program recognizes outstanding local businesses throughout the country. Each year, the USLBA identifies companies that they believe have achieved exceptional marketing success in their local community and business category. These are local companies that enhance the positive image of small business through service to their customers and community.

Various sources of information were gathered and analyzed to choose the winners in each category. The 2008 USLBA Award Program focused on quality, not quantity. Winners are determined based on the information gathered both internally by the USLBA and data provided by third parties.

About U.S. Local Business Association (USLBA)

U.S. Local Business Association (USLBA) is a Washington D.C. based organization funded by local businesses operating in towns, large and small, across America. The purpose of USLBA is to promote local business through public relations, marketing and advertising.

The USLBA was established to recognize the best of local businesses in their community. Our organization works exclusively with local business owners, trade groups, professional associations, chambers of commerce and other business advertising and marketing groups. Our mission is to be an advocate for small and medium size businesses and business entrepreneurs across America.

SOURCE: U.S. Local Business Association

CONTACT:
U.S. Local Business Association
Email: PublicRelations@USLBA.net



NEWS RELEASE FROM FORBES...
Jacksonville makes the list!!

In Depth: Best Cities To Buy A Home
Maurna Desmond

© L Barnwell/Shutterstock

9. Jacksonville, Fla.

Since 2000, Jacksonville's population has grown an impressive 8%. Meanwhile, median home prices have climbed 14% in the last 24 months to $189,200. Along with its other virtues, sunshine-rich Jacksonville came in at No. 3 on our 2008 Cleanest Cities list thanks to fresh air and clean water.





NEW ASSOCIATES JOIN
PONTE VEDRA BEACH REALTY!



Bill Compton
Broker/Realtor




William E. (Bill) Compton , a Florida native and former CEO/Co-owner of a national emergency healthcare company has over 20 years experience in corporate business management, marketing, and commercial/industrial real estate sales and leasing. As an active licensed real estate Broker, Bill specializes in executive property placement and relocation
.
In addition to his business background, Bill is an experienced educator and former Health Sciences faculty member at the University of Florida.



Lindsey Godfrey Property Manager/Realtor


Lindsey Godfrey, originally from Spartanburg, South Carolina, has been a resident of Ponte Vedra Beach since 1988.  She received her BS in Interior Design from Florida State University in 2004 and returned to Ponte Vedra to begin her career.  She has worked for The Design Studio, a high-end residential firm, located in Jacksonville Beach for the past four years.  Along with practicing interior design, she has just recently taken advantage of a great real estate career opportunity.  She is the new Property Manager/Realtor for Ponte Vedra Beach Realty. Along with participating in Young Adults for Cultural Awareness, Lindsey is an active Chamber of Commerce Ambassador and member of The Young Republicans of Duval County.
 




Chris Koek
 Realtor



Chris J. Koek, a native of Upstate New York relocated to the wonderful city of Jacksonville by way of St. Augustine , FL.   He graduated from Alfred University with a Bachelors degree in Education where he also played four years of Basketball.  After graduating he was a Math Coordinator and a coach for three years. 
 Chris has been actively selling Real Estate in North East Florida for 2 ½ years.  He has performed as a sales associate along with managing short and long term leasing properties.  Using his education background he has mentored and assisted other sales associates. 
As an active licensed real estate Associate, Chris continues to research and educate himself with the latest strategies and market trends to ensure his clients the highest level of service and professionalism.












Congratulations to Kim Davis on being selected as a
FIVE STAR: Best in Client Satisfaction Real Estate Agent for 2007!!!

Kim is among 7% of real estate agents in the Jacksonville area to be named a 2007 FIVE STAR Best in Client Satisfaction Real Estate Agent from an independent survey of recent home buyers to find the best in client satisfaction. The survey, sent to over 19,000 residents that have recently purchased homes, evaluated agents based on nine criteria: customer service, communication, finding the right home, integrity, negotiation, marketing the home, market knowledge, closing preparation and overall satisfaction.