Mansion Global Daily: Long Island Ultra-Luxury Has Its Moment to Shine, New Zealand Home Prices Could Fall up to 10%, and More

Long Island’s Luxury Sales Boom Extends Far Beyond the Hamptons

Multimillion dollar estates in these suburbs outside NYC remain in high demand, giving sellers a long-awaited moment of opportunity. Read More

BY THE NUMBERS

TRENDING TODAY

LISTING OF THE DAY

The Views Are a ‘Constantly Changing’ Portrait From This Condo on the Remote East Cape of Los Cabos, Mexico

The three-bedroom home is one of 22 new Four Seasons Marina Residences. Read More

NEIGHBORHOOD NOTES

Leafy, Historic St. Cross, in England’s Former Capital, Is Drawing Hordes of Londoners

The Winchester neighborhood is about an hour from the U.K. capital, offering commutability and terrific schools. Read More

NEWS BITES

New Zealand Home Prices Could Fall up to 10% in 2022

Some New Zealand economists predict home prices could drop by 10% this year as many buyers balk at paying a premium for a property. Prices skyrocketed up to 30% last year and “there is now a fear of overpaying among buyers,” said Jen Baird, chief executive at the Real Estate Institute of New Zealand. Lending has also tightened, further cooling buyer interest. “As a shift of sentiment sets in and buyers are less willing, or unable, to pay the prices we saw toward the end of 2021, pressure will come on vendors to adjust their expectations to meet the market,” Ms. Baird said. Business Times

Australian Fantasy Compound Boasts Gaudi- and Zen-Inspired Cottages

A fantasy compound in Victoria, Australia—complete with a main home dubbed Dragon Manor and a cottage inspired by the eccentric Spanish architect Antoni Gaudí—has hit the market with a guide price of A$2.5 million to A$2.6 million (US$1.85 million to US$1.92 million). Located in the town of Crossover, about a 90-minute drive from Melbourne, the roughly 20-acre property also boasts a Japanese Zen house on a koi pond and an English-style cottage is the exact replica of one in Hampshire, England. The castle-like Dragon Manor boasts views of the forest surrounding it, plus a great room with cathedral ceilings, a billiards room and a formal dining room. realestate.com.au

$6.9 Million Houston Penthouse Is the City’s Second-Priciest Sale of the Year

A Houston penthouse last listed for $6.9 million has sold, making it the city’s second-most expensive sale of 2022. First listed for $7.99 million in 2020, the 9,500-square-foot penthouse. located in the city’s 28-story Astoria Highrise, has six bedrooms and six bathrooms and boasts views of downtown Houston. Amenities include a pool and spa, a 600-bottle wine room, a himalayan salt sauna and steam room and a game room with nine TVs, a home gym and a 3-D golf simulator. The Real Deal

New Community With Biophilic Design Sensibilities Planned for Abu Dhabi

A new gated community is coming to Abu Dhabi’s popular Reem Island. The AED 8 billion (US$2.1 billion) Reem Hills, developed by Q Properties, has a biophilic design to help connect residents to their environment. That includes a man-made hill overlooking the water, beach access, parkland, schools, mosques, a community center and retail outlets. “Reem Hills is an exclusive destination set around a unique, man-made hill, offering a serene lifestyle and an escape from the city life,” said Majed Odeh, chief executive of Q Holding. It will also have “the lowest rates for service charges across the majority of real estate projects,” he added. The National

AROUND NEWS CORP

Billionaire Entrepreneur Adam Weitsman Buys a $23.5 Million South Florida Penthouse He Saw on Instagram [The Wall Street Journal]

Emotional Support Animals: What Renters Need to Know [Realtor.com]

Billionaire John Paulson Sells Stunning NYC Mansion for $20M Under Ask [New York Post]

This Restored Villa With Its Own Ruins Is on the Market for Offers Over £995,000 [The Times of London]