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Online shopping has its benefits, but when specific questions arise about the ecosystem surrounding a private island outside of Fiji, nothing beats being able to ask an expert about the island in question.
That’s where our new showroom in San Francisco’s Jackson Square comes into play. private islands around the worldThe company, which debuted in the city last week, plans to help the upper echelons of society buy their dream private islands, yachts, water villas and even helicopters. san francisco standard report.
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Both companies behind the new stores are based in Germany. Shipbuilding company Mayer Floating Solutions is led by sales and design director Lars Kruse, and real estate company Vlady Private Islands is owned and managed by Farhad Vlady (the company has offices in Canada and Zeeland), which is also based in New Mexico.
Private islands have a wide range of offerings, ranging from as low as $250,000 to tens of millions of dollars, depending on a variety of factors such as location, square footage, and existing development. What is the store’s motto? “Peace, privacy, and perfection.” We offer the world’s most secretive and discerning people a pristine, secluded place to indulge in their riches.
Given the finite inventory of private islands, Vlady suggested that finding merchandise for customers is definitely a little difficult, but that’s part of what makes it special.
“The emotional connection to the island is very strong,” Vladi said. San Francisco standard. “The difficulty in the island business is getting the island on the market, because whoever owns the island never wants to give it up again.”
Brokers said someone will eventually give up one of these prized islands for reasons real estate agents would be familiar with: death, debt or divorce.
Meanwhile, when it comes to Meyer’s custom-built yachts (no two are alike), the massive vessels can easily exceed hundreds of millions of dollars.
“If you’re talking about a 150-meter yacht, prices start at about $370 million,” Kruse said. standard. “But that’s the starting price, so to speak.”
The company’s helicopters, artwork and small vessels typically cost about $100 million more, he added.
The company has not disclosed the price water villa, but you can expect them to run for a fair amount of money too. The structure is manufactured in Turku, Finland, and its size ranges from approximately 1,400 square meters to 10,000 square meters.
Water villas are often used as an accessory to superyachts and are considered relatively environmentally friendly. The structure will be moored offshore to avoid harming the coastline ecosystem and will use hydrogen fuel cells to produce cleaner, more efficient energy.
As for where his customers come from, Kruse spoke only in general terms, saying there is a “specific market” in Europe, a “big market” in the Middle East and a “small market” in the United States. A significant portion of the U.S. demand is likely to be in San Francisco, given where the team has decided to set up shop.
While overwater villas may sound like a nice secluded getaway for oligarchs and billionaires, many of the company’s clients are for-profit, typically using their villas as investment properties or hotels. Kruse said.
San Francisco’s housing market is in turmoil, although there is still demand for luxury items like private islands and yachts. The market never fully recovered after the COVID-19 pandemic, as tech hubs were hit hard by the exodus of people from cities. But over the past year, prices have continued to fall, with once-coveted properties being sold at reduced prices and at a loss.
In fact, a recent report found that nearly 20 percent of San Francisco homeowners are selling their properties at a loss, more than four times the national share and nearly the highest level in 11 years. Redfin Analytics.
As a good example, San Francisco Four Seasons Residential It was first listed for $9.9 million in November 2020, but is now valued at just $3.75 million. Meanwhile, a home overlooking the Golden Gate Bridge was listed last March for the first time in more than 30 years for $12.8 million, but it was recently sold for a significantly reduced price of $7.85 million, it has been reported. Jiro.
According to , the city’s office vacancy rate also hit a record high of 36.7% in the first quarter of 2024. CBRE. Major retailers have also announced exits from the city in recent years, including Macy’s, which announced the upcoming closure of its Union Square flagship store, and Nordstrom, which announced the closure of two stores in the city last year. .One of his locations was in the San Francisco Center Mall, which reportedly became an area where many people in the city gathered. homeless people and drug users.
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