A SHM Architects-designed lakehouse in Long Cove, Texas

Architects — well, good architects — think about interior and exterior space to a degree that most lay people would never think of. That’s why when you hear Mark Hoesterey, principal architect at SHM Architects in Dallas, talk about Costco closets and other things you never think of when building a second home, you nod your head vigorously in agreement, wondering why you never noticed these things before. We tapped into Hoesterey’s brilliant mind to share the most sought-after features that homeowners want (and need) in a vacation home. (more…)

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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.

 

White Pine HA

Update 11:33 am: Grabbed a quick chat with Nate Shar with Heritage Auctions who tells me that at least eight people are registered to bid for Leppert’s ski crib, but they expect a few more showing at the actual auction on site. It happens at 2 p.m. No reserve. Mountain Time. Wish you were there? 

Maybe he did it because he wants some of Trump’s real estate prowess to rub off on today’s sale? Maybe he did it because he ran against Ted Cruz and is not a fan, I don’t know. Whatever. Out of all the Republican contenders, the endorsement was a shocking move from the former Dallas mayor.  I’d sure like to ask him why.

But I might just wait until after today’s sale of his magnificent Park City, Utah ski house.

There is no minimum at all, and this home was last listed for $6.2 million. I mean, can you spell DEAL?

As you know, former Dallas mayor Tom Leppert and his wife, Laura, have been trying to shed some properties. First it was their home on Alva Court with that jazzy media room, remember? It was listed by Mary Poss and then Ryan Streiff, the current agent. Asking is still $4,795,000.

But my oh my Park City Utah! I am actually headed that way to check out some more vacation home possibilities, some a little more affordable than a $6.2 million ski-in. ski-out house, though this place could be the best bargain west of the Mississippi come two p.m. Mountain Time.

This is a fantastic piece of property that you can see from the ski lifts. I know exactly where this house is. In fact, if you have ever skied Park City — there are three neighboring resorts, Deer Valley, Park City and Canyons comprising 7300 acres of white powder — this home is near the Dreamcatcher Lift. And it sounds like a dream! (more…)