“Price comps” is a term used in real estate to describe the practice of comparing sales prices in relation to similar properties. In this weekly feature, we’ll explore three luxury real estate markets through a certain price point.”
A private waterfront home in Hong Kong’s Clearwater Bay, a large estate on the Westside of Los Angeles and a turn-of-the-century townhouse on Manhattan’s Upper East Side.
Clearwater Bay, Hong Kong
Located north of the Clearwater Bay Peninsula, the waterfront neighborhood of Sheung Sze Wan features some of its most coveted properties in Hong Kong thanks to the white sandy beaches and lush green hillsides that surround it.
Housing options ranging from detached residences to townhomes to waterfront homes with pools have made the area popular among families and those desiring more space. For the sportsman, the area is in close proximity to the members-only Clear Water Bay Golf Course.
This secluded residence with a private swimming pool takes in sweeping ocean and mountain views from a large waterfront lot.
Price: $9.675 million (HKD$75000000)
Size: 2,100 square feet
Price per square foot: $4,607 (HK$35714)
Inside: Curated interiors feature stone floors throughout and a large living room that flows through pocket doors onto a garden terrace. Designed to maximize the full water views, walls of windows on the second and third floors are oriented towards the sea. A formal dining room sits off the kitchen.
A total of four bedrooms and four bathrooms are within the multi-level floor plan. In the primary suite, an artistic tiled bathroom holds a soaking tub and a rainforest-style shower. Thoughtful built-ins and art niches lend considerable storage.
Outdoor living space: The private backyard is concealed from its surroundings by lush tropical landscaping. A stone path leads from the patio to a blue-tiled swimming pool, which overlooks the sea. Sprawling lawn fills out space between the house and pool.
Bel-Air, Los Angeles
Few neighborhoods carry the cachet of Bel-Air, an area long-associated with Old Hollywood, celebrity and the great titans of industry. Known for its generational estates, the area is home to some of Los Angeles’ most exclusive properties, with average prices ranging in the tens of millions and trophy homes commanding nine-figure sums.
Architectural options are abundant. The neighborhood is home to a variety of homes designed by the greats of Southern California architecture as well as historic ranch homes and modern mansions. Access to top-tier private and public school options is another draw.
Sited on more than half an acre, this French-inspired estate evokes a five-star resort with refined living spaces and an abundant selection of outdoor amenities.
Price: $9.995 million
Size: 9,350 square feet
Price per square foot: $1,069
Inside: A pavered and landscaped footpath leads past a koi pond and through an arched portico to reach the front door.
Beyond the entry, a modern foyer clad in marble flows directly into the step-down living room with a fireplace. Picture windows enclose the far wall of the living room, opening the space to garden views. A slightly sunken wet bar is concealed on the far side of the room while steps near the fireplace lead up to reach a smaller den.
Underlit cabinetry and a broad island are among eye-catching details in the kitchen — particularly at night. Equipped with commercial-grade appliances, the kitchen area is flanked on one side by bi-folding doors that open to the patio. A formal dining room sits off the kitchen while a family room with a fireplace shares the common area. A separate game room has a bar.
The primary suite — one of five bedrooms and six bathrooms — expands to include a separate sitting room with floor-to-ceiling windows oriented towards mountain and canyon views. A two-way fireplace is shared by the bedroom and sitting room.
Outdoor living space: Accessed through the common area or a side entrance, the backyard unfolds in layers. A wide pool deck with room for al fresco dining sits above a custom swimming pool. Next to the pool is a contemporary gazebo designed in keeping with the home’s architectural style. Sweeping canyon and city views sit in the backdrop.
Lenox Hill, Manhattan, N.Y.
The Lenox Hill neighborhood on Manhattan’s Upper East Side bridges generations with a mix of elegant townhouses and brownstones, historic pre-war buildings and luxury apartments.
A close proximity to Central Park, upscale restaurants and cultural institutions such as the Met and Whitney Museum are draws for some district residences. The area is also in close proximity to Rockefeller University and Hunter College, making it popular among college students, as well as the renowned Lenox Hill Hospital.
This turn-of-the-century townhome offers no shortage of living space with a bright, four-story interior as well as a 102.5-foot lot that is among the deepest in Manhattan. A private parking garage and possible development opportunities (see: unused air rights) provide a unique level of flexibility.
Price: $9.88 million
Size: 5,000 square feet
Price per square foot: $1,976
Inside: Gated front the street, the townhouse strikes a dramatic pose on the main level, as double-height ceilings soar to nearly 21 feet in the step-down living room. Oversized windows underscore the vaulted space, while bringing natural light into the room. White gallery walls punctuated by bright art pieces bookend the space.
A staircase near the entry leads up to the second-story kitchen and dining room, which overlook the living room. The kitchen is outfitted with a large stone island, custom cabinetry and two corner banquets for flexible seating. There’s also a temperature-controlled wine fridge.
A total of four bedrooms occupy the upper floors and include a primary bedroom with a south-facing terrace that overlooks the home’s garden patio. The adjoining primary bathroom has a soaking tub, two sinks and built-ins.
Outdoor living space: The garden patio, which can be accessed through the living room, extends 40 feet and is enclosed by vine-covered brick walls. Brick planters with small hedges ring the patio’s sitting area, which holds a barbecue. A step-up dining patio and fountain feature sit at the rear.