Monday, February 18, 2008

Megève, the fair aristocrat


Megève, the fair aristocrat
To its narrow-street-ed mountain village charm, Megève adds those of an interesting architecture, a testimony of its rich past and intense present tourist activity. A combination that has set prices ablaze.

The name Megève – Mag-eva – is of Celtic origin: “mag” means habitation while “eva” is the word for water, concisely describing the village’s location between two brooks that join their flows downstream to form the Arly river. The station launched its development in the early 20th century. In 1913, it already had three hotels to accommodate the first sprouts of an essentially climate-oriented summer tourism. Following the advice of Mathilde Maige-Lefournier, journalist for the Club Alpin Français and ski aficionado, the Hôtel Mont-Blanc decided to acquire central heating so as to extend its activities to snow vacations. This was the first winter season for Megève (Haute-Savoie). The success of the endeavour caused euphoria among hoteliers and shopkeepers alike. Inns and boutiques started multiplying, sporting contests, foreshadowing our giant slaloms, were organised, … World War I was unfortunately to make all this activity come to a halt, but the idea was in the air! And things picked up from there in 1916, when baroness Noémie de Rothschild decided to launch her project of a ski station where all the world’s greatest would flock, thus imitating the star-destination of the time: Saint-Moritz.

Snowy star
Having set her heart on Megève, the baroness launched an efficient construction policy, and as early as 1921, the first palace-hotel of the station, l’Hôtel du Mont-d’Arbois, opened with all the expected pomp. This event was to be followed by a chain of constructions, first an ice-skating range, then a ski-school, a bobsleigh track, new ski lifts… The winter of 1924 was to put the ultimate seal on Megève’s destiny. Indeed, that was the year when the Mont-d’Arbois received the visit of king Albert I of Belgium and of queen Elizabeth of England. That was the signal for all the other royal families of the world to join the fun. The tourist cachet of the small Haute-Savoy village was secured and its renown became international. It was a time when private chalets were multiplying. The station’s architect, Henry-Jacques Le Même, is the inventor of the Mégevan chalet, which offers a subtle balance between a refined city lifestyle and typical mountain rusticity. His constructions are compact, roomy and comfortable. His body of work is gigantic; there are some one hundred Le Même chalets in Megève only. His consciousness of architectural coherence pushes him to become involved even in the interior design. Today, these chalets evolve on a micro-market, the turn-over is almost nil and the prices know no limit (some have mentioned up to 2 millions euros!).
Line, Roger, Rita etc
The baroness Rothschild was not the only major figure to contribute to Megève’s good fortune. One other such personage is Marc Maisony, who founded in 1951 the Megève’s Sporting Club in Rochebrune. With its swimming pool, tennis court and ice-skating range, this avant-garde complex was to host curling championships, ice-skating exhibitions and elegance galas for over thirty years. The arrival of Georges Boisson was another turning point in the life of the village. With him, socialite bars like the Cintra and four-star hotels were to rise. It was not rare then to celebrity-spot such people as Fernandel, Line Renaud, Roger Vadim, Rita Hayworth or François Mitterrand. It was the golden age of Megève. At the end of the 1970’s, after a number of sporting accommodations were created (18-hole golf, altiport, sports palace…), it was the tourism infrastructure’s turn to shed their old skin, thanks mainly to the Sibuet family, who was to take the modern Mégevan hotel industry to a truly new level. Their trademark was: magnificent hotels inspired by the traditional habitat of the Savoy farms, with an authentic and warm atmosphere, but providing top-notch luxury services. These idyllic conditions strongly attracted potential purchasers. Megève’s other strong point is that its real-estate market remains active all-year-round. The high-standard new products that were under intense construction for the past three years have been quickly sold. It is not rare to see clients buying a chalet as a second residence later to make it their primary home. In four year’s time the price of these chalets has increased by 40 %. The main focus is architecture and outfitting: ancient woods, finely-wrought terraces and interiors, oak floors, swimming pools… A 3- or 4-room high-standing apartment will cost 7,000 to 10,000 e per square metre, while for a new chalet of similar proportions it will most likely sell at around 11,000 e. Megève has also preserved its vast patrimony of agricultural farms. They provide a homogenous traditional architecture, much appreciated by the foreign clientele (British, Swiss, Belgians…), which represents more than 70% of the stations occupancy. The best areas have remained the same since the fifties: the Mont-d’Arbois, the Demi-Quartier commune, Rochebrune, le Jaillet and la Princesse. A 150 m2 chalet in Rochebrune sells at about 1,6 million euros and an 80 m2 apartment in le Jaillet costs about 800 000 e. Living in a preserved environment has its price!
Dossier réalisé par Céline Varnier

A secret Brittany


A secret Brittany
Aside from its balneal stations, of which the Cote d’Amour is full, the region provides many other gold streaks yet to be discovered on a highly attractive high-class real-estate market.
Go and seek the hidden treasure of the Britons. Argoat hag Armor (between the earth and the sea), Brittany spreads on over 30,000 km2 and occupies a full 5 % of France’s territory. This simple fact of geography should suffice to silence those who claim to know the region like the back of their hand. It would indeed be a shame to pass by the innumerable gems, some of them still unknown or ill-known, that are to be found in the five departments. With a coastline spanning 40 % of France’s total coast-length, a discovery of Brittany surrounded on three sides by water should obviously begin by the beaches. The littoral is probably the main strongpoint of the region. From the real-estate standpoint, it is the most interesting place for many future owners who have come to find a good property by the water at mostly reasonable prices. The proof of this is that the seaside apartments and houses have maintained a very high level, despite the fact that the general Briton market has been slightly declining at the end of 2006 (- 0,8 %) – it is the only French region in this situation according to Century 21 –. Why? Well, probably because of impulse purchases and of the dynamics of a micro-market of exceptional residences following its own crazy rules.
Why not an island?
Many Briton balneal stations such as Carnac, Dinard, Saint-Malo, Bénodet or La Trinité-sur-Mer are in the top 25 most expensive stations in France (source: “les Notaires de l’Ouest” – the Notaries of the West). The littoral continues to attract and the reasons are manifold. For some it will be the charm of old stones and pirate stories. For others, the country’s glorious past and its legends of the sea. And why not simply the beauty of its coasts with such evocative names as “Jade”, “Amour” or “Emeraude” – Jade, Love, Emerald? From Quiberon to Arzon, holidaymakers are consistently populating the Briton beaches. And whereas some wilder spots used to scare yesterdays purchasers, today the thing to be is adventurous and aloof. The absolute must-have is a beautiful villa, far from the best-known places, with THE sea view. For those who like to pretend that no one else exists, the region luckily provides a great number of islands, just a few metres from the coasts. No other region can compare to it in terms of sheer number. Be they in the Morbihan (Île aux Moines, Arz or Belle-Ile-en-Mer), the Finistère (Sein, Molène) or the Côtes-d’Armor (Bréhat), these islands all have one thing in common: secondary residences are seldom for sale and the demand is huge. But if the prices of insular real-estate have doubled in the last four years, they are still much lower than those of the coastline houses (see our enquiry on the next pages). However, this call of the sea doesn’t mean that inland Brittany has nothing to offer, it even has incredibly attractive and little-known real-estate zones! The heart of the region has a string of magnificent cities of art and history where a handful of atypical and exceptional residences are to be found at still reasonable prices. There, History is everywhere, be it religious, political or artistic. Abandoned by a British clientele, which had moved in en masse in the past ten years but is now flocking to the newer landscapes of the south-west of France, this part of the region now offers new opportunities to the French prospective purchasers. Such are the towns of Nantes and Rennes: they are the best-known cities in this part of the country, and yet their ancient narrow streets provide innumerable treasures for prices that are sometimes shockingly below the national average. With a little audacity, clients, especially Parisians, can strike excellent deals there. Why not look into the Trentemoult, the bohemian neighbourhood on the banks of the Loire? The same goes for smaller cities like Saint-Malo, Dinan, Dinard, Vannes, Concarneau, Auray or Josselin, commonly called cities of art, history and character, that have a real-estate market simply chock-full of places that are still confidential, but oh so picturesque. There you breathe the air of a glorious past, that you can still see around the corner of charming paved streets, under city walls two or three hundred years old, or behind houses with still intact wood parts. Each has a “secret garden” just waiting to be discovered!
Céline Varnier

VILLAGE OF BARGEMON IN THE VAR

With two steps of the village of Bargemon in the Var, old stone mill of the 17th century of 300 m2, out of 9000 m² of raised ground, traditional swimming pool. To see absolutely...
Réf. : VPF-150.
Price : 1 500 000 €.

St John, Virgin Islands (U.S.)


Property Description
Each of the five bedroom bath en suites has private balconies. The main living area is fabulous, entry via coral stone courtyard to covered balcony overlooking infinity edge pool to view surrounded by private courtyards replete with wet bar, grill, powder room, hot tub, palm trees hammocks and leeward outdoor dining.Please see document for more details. Buyer and Seller to equally share the cost of affixing stamp tax to the deed


Features
Year Built: 2006

Property Info
Web #: 789357
Price: $9,495,000
Bed: 5
Bath: 6.50
Living Space: 13100.00
Lot Size: 0.60
Area: Maho Bay
Status: Active
Type: Residential
Property Taxes: 3643.20 ()
Category: Residential

The Jewel of Tenessee Estate

THE JEWEL OF TENNESSEE ESTATE
This luxurious 10.92 acre property was built on a private and secure hilltop and offers the grandest, most stunning exteriors and interiors. The 10,000 square-foot main home has 5 bedrooms and 5.5 baths. A fully equipped and separate 2,200 square-foot, 2 bedroom, 2 bath guest house sits nearby. Massive stone columns and tranquil waterfalls announce this magnificent estate as you ascend a circular driveway.
Throughout the main home are soaring ceilings and spectacular Windows that pull the natural from the outside - inside. An epic marble stairway and a vignette of uniquely designed open living and entertainment areas flow together. A marble fireplace and marble floors in earth tone colors set the mood. A gourmet kitchen/pantry and eating area is designed for making every-day living easier while a larger dining area is set for any social occasion or function. A full-service sunken bar with seating for 6 and a Steinway piano nestled under the stairway is a bonus addition. Smart House technology centralizes all systems.
An elevator connecting two floors opens an alternate way to access the second floor large bedrooms with full baths and balconies. A lavish his/hers master suite has all the amenities of a cozy retreat. The natural look of landscaping is magnificent against breathtaking views of Chattanooga. Infinity pools, waterfalls and uniquely crafted stones blend together in an extraordinary way.
A must see property! Offered at $15,000,000 fully furnished.
Features
10.92 acre gated estate with full security
10,000 square foot main house + 2,200 sq. ft. guest house
Fully furnished
Spectacular pools and overflowing waterfalls
Beautifully landscaped grounds and terraced gardens with stunning panoramic views of surrounding areas.

Property Info
Web #: 644401
Price: $15,000,000
Bed: 5 + 2 guest house
Bath: 5.5 + 2 guest house
Living Space: 10,000 + 2,200 guest house
Lot Size: 10 .92 acres
Status: Active
Type: Residential
Category: Chateau, Estate

Custom Designed "Model Quality" Home



Property Description
Custom designed and built "model quality" home. Marble and wood floors. Over 1/2 acre lot. End of cul-de-sac in small, private gated enclave of estate homes. East of A1A. Deeded beach access. Granite counters, quality finishes throughout. Lush tro
pical landscaping. Pool, spa, waterfall. Library. Gas cooktop. No storm damage. 4th bedroom currently used as a home theatre with pre-plumbed bath. Easy to convert back.



Features
Deeded Beach Access
Den/Office
East of A1A
Foyer
Garage
Gated community
Heated pool
In-ground, screen enclosed swimming Pool
Southern Exposure
Spa
Wetbar

Property Info
Web #: 812392
Price: $1,495,000
Bed: 3
Bath: 4
Status: Active
Type: Residential