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Recently former Dallas mayor Tom Leppert sold his $6.2 million ski-in, ski-out house, right near the Dreamcatcher Lift in Park City Utah. It was sold at auction to another Dallas family who bought it for their grandchildren. Now here is the best part of the story: the family already owns a home in Deer Valley. They just wanted a place for the grandchildren to ski where snowboarding was allowed. So of course, they bought a house in Park City. Got a good deal, too: $4.2 million. The auction was conducted by the good folks at Heritage Auction here in Dallas.

The vacation home market is estimated to be at $100 billion worldwide, and a lot of it is because of grandparents wanting fun for their grandkids. In New Orleans at NAREE this month, I gathered five top vacation home experts, including Bill Furlong of HomeAway, Jackie Doak of Dart Enterprises Ltd., the developer of Camana Bay on Grand Cayman Island, Hunter Harman, Broker/Owner of Berkshire Hathaway HomeServices Beach Properties of Florida, Tina Necrason of Montage Hotels & Resorts, and Tyler Niess of Crescent Communities.

Vacation home sales are robust but not as furious as they were in 2014. Still, 920,000 vacation homes were sold in the U.S. in 2015, the 4th highest number in NAR survey’s 13-years. In 20015, 16 percent of all US home sales were vacation homes. In 2014, 21 percent of all were vacation homes, according to the National Association of Realtors.

The median price vacation home is now up to $210,000 in 2015 from $197,200 in 2014. To find out where the hottest markets are — surprising! —  and see the entire panel in full video, click on over to our sweet sister blog, SecondShelters.com.

935-1

I really cannot imagine a more perfect spot to enjoy this Fourth of July than right here on Lake Worth. This property is 3.2 acres right on the banks of one of Fort Worth’s best kept secrets, and is only 15 minutes from downtown.

Known by locals as “Camp T.,” this property is a great spot for getting together with the family for a few days, playing some dominoes, getting out on the boat, doing some fishing, and filling the evenings with sparklers, adult beverages, and some barbecue. If you’re expecting this to be your standard lake house, complete with less than luxurious appointments and a claustrophobic kitchen, you’re in for quite a surprise!

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Cedar shake shingles for siding is a classic look for cottages all over Cape Cod. They are left unpainted and turn from light tan to a weathered gray over time. Clapboard siding is also commonly seen on Cape Cod cottages. Photo: Leah Shafer

Cedar shake shingles for siding is a classic look for cottages all over Cape Cod. They are left unpainted and turn from light tan to a weathered gray over time. Clapboard siding is also commonly seen on Cape Cod cottages. Photo: Leah Shafer

Cape Cod has historic roots in American history, one of the earliest places the Pilgrims settled, later becoming a thriving fishing, whaling, and trading area.

But the romantic mythos of the Cape took off during John F. Kennedy’s presidential campaign, much of which was based out of the Kennedy Compound in Hyannis Port. JFK gave his acceptance speech there after winning the 1960 election, and returned frequently during his presidency. The Kennedy’s Camelot and Cape Cod are inextricably linked in the American imagination.

But contrary to popular belief, Cape Cod is not just a haven for the rich and famous. There’s a range of housing available, with many beauties available for under $400,000.

Read the full article over on SecondShelters.com!

 

(Photo: Real Estate Center at Texas A&M University)

(Photo: Real Estate Center at Texas A&M University)

“The rules and tax-planning strategies for a vacation home are complex if the home is rented,” says Dr. Jerrold Stern, a research fellow at the Real Estate Center at Texas A&M University.

Truly, that’s an understatement.

More and more people are buying vacation homes thanks to growing employment and stock market gains. And as services such as VRBO, Airbnb, and HomeAway become more popular, more and more people are renting out their vacation homes. Find out what you can do to keep the IRS at bay when tax day comes over on SecondShelters.com.

El-Corazon

As an art gallery owner with a love for Southwestern artists, Brian Roughton found himself making the trip to Santa Fe pretty regularly for a while. Roughton, who owns Roughton Galleries in the Dallas Design District, actually grew up in the area and knows Santa Fe quite well. So when it was time for Roughton and his wife, Kayla, to buy a second home in Santa Fe, they knew exactly what they wanted. 

“We started going to Santa Fe pretty often when we were furnishing our home in Dallas,” Roughton said. “When we decided to purchase a second home in Santa Fe, I had already decided that I wasn’t building or buying anything that I would have to furnish.”

It was a low-maintenance, lock-and-leave condo that would be perfect for the pair, Roughton said. They wanted a spot that had some flexibility, but was easy to love because they visited Santa Fe fairly often. Of course, they also wanted the option of renting an additional unit should they have friends or family visit, too. They found all of this with fractional ownership at El Corazon de Santa Fe, a Fairmont Heritage Place property.

Read the rest of the story here, on SecondShelters.com.

Photo: Leaskou Partners

Photo: Leaskou Partners

I love the homes that Deidre Woollard finds over on SecondShelters.com, and today’s beautiful home in Rancho Mirage is a snowbird’s paradise. This is sought-after location thanks to being the warmest spot in the U.S. come the chillier months.

The combination of bright sunshine and snow-capped mountains in the distance create a perfect backdrop for golf, and snowbird recreation. It began to flower in the 1940s and 1950s when Hollywood stars and monied Angelenos sought a warm retreat for the winter months.  Golf, martinis, and afternoons by the pool were the order of the day (and not out of fashion yet).

Find out more about this beautiful location and fabulous house on SecondShelters.com today!

Dogleg Ranch Bandera

Beauty seems so fleeting at times. Wouldn’t it be great to capture a moment, your home’s moment, in a book that you could share and hold on to for generations? Read more about the company that can do it — for a price, of course. That’s what Jane Stieren and Bill Lacy did for their Bandera ranch pictured above.

Those with family estates and deep pockets will love these gorgeous books created by a husband-and-wife company called Kubaba. Read about it on SecondShelters.com.

More than $50 million in upgrades are planned for Park City Mountain Resort.

More than $50 million in upgrades are planned for Park City Mountain Resort.

Today on SecondShelters.com we outlined the planned improvements for Park City Mountain Resort, which was recently purchased by Vail Resorts for $182 million. Infrastructure upgrades will surpass $50 million, and there are plans to link Park City Mountain Resort to the nearby Canyons Resort, too.

You can read all about it on SecondShelters and tell us: With this investment, would you consider a Park City ski home over Dallas’ favorite escapes in Colorado?