TheMReport

August 2014

TheMReport — News and strategies for the evolving mortgage marketplace.

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8 | TH E M REP O RT MDWELL Storm Tracking Sales Naples, Florida Properties Potentially Affected by Hurricanes: 177,651 Total Reconstruction Cost: $41 Billion 12-Month Home Price Index Change: 9.1% Hot Home: Larry Bird, best known for playing pro basketball with the Boston Celtics (and coaching the Pacers), has put his waterfront dwelling up for grabs. The four-bed, six-bath getaway flaunts neoclassical corridors and a home theater, an infinity pool, a saltwater aquarium, and 6,007 square feet. The listing price of $4.8 million seems almost modest for the celebrity name and amenities attached to this grandly decorated house. New York, New York Properties Potentially Affected by Hurricanes: 687,412 Total Reconstruction Cost: $251 Billion 12-Month Home Price Index Change: 11% Hot Home: This four- bedroom apartment in The Lucida Building was recently put on the market by David Cone, the former Yankee pitcher. The $6.49 million price tag for 2,350 square feet seems steep, until you realize that amenities include more than three baths, a free gym membership, a video arcade, a massage parlor, a sauna and steam room, and a lap pool and Jacuzzi all in the same building. Miami, Florida Properties Potentially Affected by Hurricanes: 562,410 Total Reconstruction Cost: $103 Billion 12-Month Home Price Index Change: 9.1% Hot Home: The oldest house for sale in Miami dates all the way back to 1907, built on a homesteaded plot approved for the owner by Teddy Roosevelt himself. This five-bed, four-bath home clocks in at 4,536 square feet and has been fully renovated to keep up with the times. Amenities with this $540,000 listing include a separate guest house on the 1.16-acre lot, wraparound balconies on both stories of the home, and a two-car garage. Tampa, Florida Properties Potentially Affected by Hurricanes: 444,765 Total Reconstruction Cost: $79 Billion 12-Month Home Price Index Change: 9.1% Hot Home: Hockey star Martin St. Louis put this home on the market for a mere $1.8 million, which only underlines its immense size. Six bedroom, five full baths, two half-baths, an office, a playroom, and a backyard area with a pool and kitchenette for entertaining guests comprise this mini mansion of 6,350 square feet. Nearby walking and biking trails make the most of Florida's iconic sunny weather, and the home's open floorplan provides a feeling of spaciousness even when indoors. Virginia Beach, Virginia Properties Potentially Affected by Hurricanes: 394,705 Total Reconstruction Cost: $87 Billion 12-Month Home Price Index Change: 5.2% Hot Home: A genuine Frank Lloyd Wright house graces this month's list. Unlike the Robie House or Falling Water, this one doesn't have a glorious name, but more than makes up for it with a location right on Crystal Lake, four bedrooms, two bathrooms, and superb design aesthetics that draw the eye to the accentuated surrounding dunes and lake. Priced at $3.75 million for 3,000 square feet, this house is undeniably beautiful both inside and out. Sources: Information acquired from CoreLogic, Zillow,

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