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Inside the world of luxury real estate, via @wsj’s Mansion section. 🏡
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It was supposed to be the most-expensive new neighborhood in America, a cluster of five midcentury-inspired mansions perched on a hilltop overlooking the Pacific Ocean in Malibu, Calif. The ambition was to sell them for nearly a half a billion dollars to some of the world’s richest people.
But nearly a decade in the making, the ultraluxury development, known as the Case, is facing collapse. Four of its five houses are unsold. Entities tied to 66-year-old developer Scott Gillen filed for Chapter 11 bankruptcy protection this summer. Gillen is also battling a partner in bankruptcy court for control of the project.
Malibu’s market has faced challenges in the wake of recent wildfires, but the collapse of the Case says less about Malibu than about the cult of personality surrounding L.A.’s high-profile spec-home builders. In an age where reality shows have turned agents and developers into celebrities, Gillen overcame a criminal history to make a name for himself as a design visionary. But local agents and industry insiders said it was ultimately his perfectionism and reluctance to lower his ambitious asking prices that undermined the success of the Case.
“The idea was right,” said real-estate agent Tracy Tutor of Compass, who worked with Gillen on sales at the Case in 2019. “It was a beautiful piece of land in a great location. Ego just got in the way.”
For his part, Gillen appears to remain optimistic. On his Instagram account on Oct. 3, he posted an image of the Case. “Whatever you do, you fight the fight, you never stop and you never give up,” he wrote. “I remember when I bought this dirt, lizards, and snakes that’s what I got. Look at it now, I get to look back and say yeah I did that s—. We’re almost there just a little bit more. Have a fantastic day.”
Gillen and his lawyer declined to comment on the bankruptcies. In court papers filed in United States Bankruptcy Court, Gillen said he initiated the bankruptcy to preserve the Case’s value and protect it from a partner who had breached contracts and fiduciary duties.
Read more at the link in our bio.
📷: @adamamengual for @wsjphotos
08 Nov 2026
In 2019, Andrea Johnson and David Little bought a house in the Canadian capital of Ottawa. The circa-1920s Tudor was the right size and in the perfect location for their move from the suburban town of Chelsea, but after a series of unsympathetic renovations, it needed extensive work.
“Our poor kids called it the ‘Frankenhouse’ because it was just a completely disparate series of rooms with no relationship to each other,” Johnson said. But fixing the house’s quirks took a back seat to the family’s busy schedule.
Then, in 2021 a bit of serendipity moved the project forward. Flipping through a shelter magazine, the couple spotted their former Chelsea home, newly renovated by interior designer Henrietta Southam. And on walks through their neighborhood of Rockcliffe Park Village, they again noticed an image of their old house on a sign of Southam’s posted outside a project of hers.
They ended up hiring Southam to renovate their Ottawa house, spending about $1.2 million—nearly the same amount they paid to buy it. She ultimately redid 17 of the home’s rooms, restoring the character that had been stripped away over the years.
“From the outset we were focused on a few things that just really had to be fixed,” Little said. “The project evolved as we got to know the house, which made it feel very natural to have it turn into a big project.”
Read the full story in the link in @wsjrealestate's bio.
📸: @knewmphoto for @wsjphotos
07 Nov 2026
Randy Swartz was working as a managing director at Philadelphia’s Walnut Street Theatre in the 1970s when he first encountered a 19th-century brick row house.
Then owned by Philly Pops founder Moe Septee, Swartz said the house was the site of legendary parties with entertainment bigwigs.
“I ogled it,” says Swartz, 81, currently the founder and artistic director of Philly Cabaret. The house sits on the corner of one of downtown Philadelphia’s most iconic streets, which served as the backdrop for the residence of Dan Aykroyd’s character, Louis Winthorpe III, in the 1983 film “Trading Places.”
Swartz says he bought the townhome for $475,000 in 1996. He spent roughly $250,000 updating the interior, remodeling bathrooms and the primary suite. He also reconfigured the layout, added air conditioning units and reconstructed the roof.
Read the full story in the link in @wsjrealestate's bio.
📸: Donkin Media
06 Nov 2026
Amid a string of big-ticket sales on Nantucket, a historic home overlooking Nantucket Harbor has sold for $42.5 million, a record for the affluent island off the coast of Massachusetts.
The sellers of the Brant Point property are members of the Fife family, who have owned the home since 1972. The property wasn’t on the public market at the time of the sale and the buyer’s identity couldn’t be determined. The Fifes declined to comment.
Built in the 1930s, the house is located on Hulbert Avenue, an oceanfront stretch with multimillion-dollar beach properties. Set on 0.62 acres, the roughly 6,400-square-foot house has eight bedrooms and direct beach and harbor access.
Barbara Fife was New York City’s deputy mayor for planning and development from 1990 to 1993. Her husband, investor Martin Fife, died in 2004.
The deal narrowly surpasses the Nantucket record, set in 2023 when Barstool Sports founder, Dave Portnoy, paid $42 million for a waterfront compound. The Massachusetts record was set this summer with the $43 million sale of a compound on Martha’s Vineyard.
For more, tap the link in @wsjrealestate's bio.
📸: Luxury Vision
05 Nov 2026
Stu Peltz and Ellen Welch liked their vacation home in Barefoot Beach, Fla., well enough. But soon after buying it for $5.3 million in 2018, the couple began to wonder what it might be like to instead live down the street, right on the water.
The couple, then living in New Jersey, paid $19.1 million for three lots surrounded by private gardens in 2020 and 2022, property records show. Construction began in 2023, and they finished building a roughly 13,261-square-foot home with expansive windows this summer.
Now, the couple is listing the 0.5-acre property, which comes with a boat slip, for $64 million because of health reasons, Peltz said. If it sells for close to that amount, the home would set a record for the neighborhood, about 15 miles north of Naples, where the most expensive sale was roughly $16.1 million for a renovated, older home.
Read the full story in the link in @wsjrealestate's bio.
📸: Wanderlust/Dawn McKenna Group
04 Nov 2026
Two-time NBA champion Juwan Howard fetched $25 million for his newly-built home in Coral Gables, Fla. The property is set within the gated community of Journey’s End, according to Lauren Schrager, who represented Howard with Toni Schrager, both of Brown Harris Stevens. Lauren declined to comment on the identity of the buyer.
Howard, who serves as an assistant coach for the Brooklyn Nets, didn’t respond to a request for comment. The buyer was represented by Carla Defortuna and Carolina Cuadra of Fortune Christie’s International Real Estate.
Go inside the home via the link in @wsjrealestate's bio.
📸: Luxhunters; Bill Baptist/NBAE/Getty Images
03 Nov 2026
How hard is it to land a rent-stabilized apartment in NYC? A new rent freeze will keep rents flat for tenants in these apartments starting in October.
The city has roughly 1 million rent-stabilized apartments, accounting for about half of its rental housing stock. But scoring one is so coveted that even mentioning it can “turn heads in rooms.”
Read more at the link in our bio.
Reporters: Rebecca Picciotto and Lily Belle Poling
Producers: @farah_oteroamad and @nickygphotography
01 Nov 2026
Richard Saghian, the chief executive of fast-fashion giant Fashion Nova, already has palatial homes in Los Angeles and Miami Beach, Fla. Now, he’s making a bet on New York.
Saghian’s real-estate agent, Ryan Serhant of Serhant, confirmed that the billionaire paid $31 million for a penthouse at the Tribeca condominium 111 Murray Street. The five-bedroom apartment measures about 7,700 square feet with views of the Hudson and East Rivers.
The deal brings the building, which launched preconstruction sales in the summer of 2015, to 100% sold, according to a spokesperson for Douglas Elliman Development Marketing, whose agent Emily Sertic led sales at the tower.
Saghian’s unit has a fireplace and a roughly 1,400-square-foot primary suite with two dressing rooms. Amenities at the building, which is about 800 feet tall, include a Turkish bath, a private dining room, a 75-foot lap pool, a fitness center and an arcade for teens.
Read the full story in the link in @wsjrealestate's bio.
📸: Evan Joseph/Evan Joseph Studios
31 Oct 2026
New York Knicks star Josh Hart and his wife, Shannon Hart, are putting their Florida getaway back on the market for $5.699 million.
The Harts bought the five-bedroom, roughly 5,800-square-foot Pinecrest home in 2022 for around $4.75 million, according to property records. They listed it for $5.995 million last year and lowered the price to $5.85 million before taking it off the market this past summer.
Josh, 31, said he and his family live primarily in New York, but spend time in Pinecrest during the off season. However, as his schedule has intensified in recent years—with the Knicks making four consecutive playoff appearances and capturing an NBA championship last season—they haven’t been able to spend as much time there.
Hart said they plan to buy another property in the area after he retires from playing basketball. “We will be back,” he said. “We loved the location.”
Read the full story in the link in @wsjrealestate's bio.
📸: 1 Oak Studios/ONE Sotheby’s International Realty; Matt Slocum/AP (Inset)
30 Oct 2026
These days, two topics are dominating cocktail-party chatter in the southwest Florida coastal city of Naples. When will the tony Port Royal Club reopen following its multiyear renovation, and who paid $311 million for nearly 19 acres of prime waterfront property on coveted Gordon Drive?
For more than a year, the identity of the Gordon Drive buyer has been cloaked in secrecy, shielded by a land trust and strict nondisclosure agreements. The buyer assembled the estate in two transactions, first paying Canada’s DeGroote family $225 million for 15 acres last year, then, 14 months later, buying the property next door from Ralph and Shelly Stayer for $86 million. Even real-estate agent Michael McCumber of Waterfront Realty Group, who brokered the deals, claims he doesn’t know who the buyer is. “They’ve never set foot on the property that I know of,” McCumber said. “It was always through representatives.”
The $311 million buying spree created one of the country’s most expensive compounds, putting the mystery buyer in rarefied company. Citadel’s Ken Griffin has spent more than $450 million amassing a 27-acre compound in Palm Beach, while Amazon’s Jeff Bezos paid more than $230 million for multiple properties on Miami’s Indian Creek Island.
But the secretive assemblage also speaks to the massive wealth pouring into Naples, which has long been in the shadow of Palm Beach and other affluent real-estate markets. Naples has recently seen a string of sales above $50 million amid fierce competition for waterfront estates, many coming to market for the first time in decades. The Gordon Drive property was on the market at the same time as a compound down the street, also listed for $295 million. That left Naples agents scrambling to lure not one but two ultrarich buyers to the city.
“It was unprecedented,” said Richard Prebish of William Raveis Real Estate, who brought potential buyers to both homes. “To see one of those as an offering is a once-in-a-lifetime opportunity for a prospective buyer, and here you had two.”
Read the full story in the link in @wsjrealestate's bio.
📸: NaplesKenny Photography
29 Oct 2026
Fresh air, nude sunbathing and a raw vegetarian diet: that was Philip M. Lovell’s prescription for Angelinos in his “Care of the Body” column that ran in the L.A. Times during the 1920s.
For his own family, the famed naturopath and wellness advocate commissioned an unconventional house in Newport Beach, Calif., that eliminated bedrooms entirely. Instead, the home had four sleeping porches attached to small dressing rooms, allowing for as much outdoor time as possible.
Lovell, however, hadn’t accounted for the thick overnight fog that brought cool, damp air to Southern California. After two years, he enclosed the porches to create traditional bedrooms, according to Judith Sheine, author of the 2001 book “R.M. Schindler.”
Read the full story in the link in @wsjrealestate's bio.
📸: Sterling Reed
28 Oct 2026
Minecraft creator Markus Persson made headlines in 2014 when he outbid Beyoncé and Jay-Z to pay a record $70 million for a Beverly Hills, Calif., spec home.
In the years that followed, however, developers built bigger and pricier homes, ultimately testing the limits of L.A.’s spec market. Now, Persson is looking to sell the house for the same price he paid 12 years ago.
“We all know that the luxury markets across the U.S. are slower than they used to be,” said Aaron Kirman of Christie’s International Real Estate Southern California, one of the listing agents. But the Swedish programmer “is not in L.A. a whole lot these days,” Kirman said, and “he is committed to selling.”
Persson didn’t respond to a request for comment.
The roughly 22,300-square-foot estate has eight bedrooms and two swimming pools. It is set on nearly an acre in Trousdale Estates, one of Beverly Hills’ most coveted enclaves.
Read more at the link in @wsjrealestate's bio.
📸: Cristian Cruzio
27 Oct 2026
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