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MALIBU, CA – Six U.S. properties and three international developments have been selected as the world’s hottest “ground floor” investment properties by the editors of Robb Report Vacation Homes, a quarterly luxury lifestyle publication devoted to the exclusive world of multiple home ownership.

Showcased in the magazine’s new Spring issue, these developments have been selected “because they represent the best opportunities for our readers to buy into a new luxury development ahead of the crowd,” according to Editor in Chief Adele Cygelman. 

The list includes the following U.S.-based properties:

• Fontainebleau Hilton Resort (Miami Beach, Florida)
One of the world’s legendary hotels, the palatial Fontainebleau recently underwent a $400 million restoration, which included refurbished guestrooms and baths, a rock grotto swimming pool and two grand lobbies, as well as the opening of “Bleau View” restaurant. In addition to the fabled hotel, the property includes the 36-story Fontainebleau Tower and the 18-story Fontainebleau Ocean Club condo hotel.

• Pronghorn (Bend, Oregon)
A new luxury community encircled by nearly 20,000 acres of undeveloped federal land, Pronghorn capitalizes on the wealth of recreational activities at its doorstep.  Prospective homebuyers can purchase $400,000 to $1.8 million in half-acre and full-acre homesites overlooking the Cascade Mountains, golf courses or the high desert.

• Luxuria (Boca Raton, Florida)
An exclusive enclave with just 23 units, Luxuria will be constructed on a 2.5 acre tract of beachfront property on South Ocean Boulevard.  Targeted for completion in 2007, Luxuria will offer 4,500- to 25,000-square-foot residences at prices ranging from $4.5 million to $25 million.  In addition to its spacious residences, this exclusive development will feature a two-story marble-tiled lobby with a gravity-defying “water wall,” fitness center, theater, oceanfront lounge, catering kitchen, library and private beach club with two swimming pools.

• Hualalai at Historic Ka’upulehu (Hawaii)
Situated between two golf courses, these 11 newly released oceanfront residential opportunities include eight “hales” (patio homes) and three premium homesites.  Offering an abundance of indoor/outdoor living spaces, each home features “Hawaiian craftsman” construction, with extensive use of hardwoods, stone and glass.  Prices range from $2.5 to $4.4 million.

• Apogee (South Beach, Florida)
A 67-unit project to be built on the last available waterfront parcel in the glamorous “South of Fifth” section of South Beach, Apogee will offer residences ranging from 3,103- to 6,904 –square-feet and priced from $3 million to $15 million. Each unit will feature every imaginable luxury, including sophisticated appointments, AMX Interactive smart panel access to a wealth of on-site services, and private elevators, or the utmost in privacy.

• Palmetto Bluff (South Carolina)
A 20,000–acre development located less than 10 miles east of Hilton Head, Palmetto Bluff offers the dynamic topography and laidback charm of the lowcountry.  Following its opening last year, approximately 10 percent of the community has already been sold, with about 50 homes and homesites becoming available every six months.  Prices will range from $200,000 to $4.7 million for homesites and $1.3 million to $4 million-plus for homes. Attractions will include a Jack Nicklaus-designed golf course, a tennis and fitness center, equestrian, fishing and boating facilities.

• Old Course Hotel (St. Andrews, Scotland)
Situated on the 17th hole of the legendary home of the British Open, is the first international property in the Destination Kohler family.  Upon completion, this renovation will feature updates to all rooms and suites, as well as the main lobby; an expanded spa and a renovated restaurant.

• Cielo Santo Villas (Costa Rica)
Situated on Playa Espadilla, Costa Rica’s most picturesque beach, Cielo Santo is a 26-acre property that combines both beachfront and jungle terrain.    Comprising up to 12 sold-to-order custom villas, this luxury enclave will have full amenities, including concierge, clubhouse, swimming pools, nature reserves and beach access.  Villa prices will range from $2.5 million to $4 million.

• Ladycastle (Ireland)
Located about 30 miles east of Dublin on part of the 550-acre Georgian estate, this elegant Irish golf community is the ultimate residence for those who love the links.  The resort’s centerpiece, a 19th-century mansion hotel, gives buyers the option of houses ranging from $2 million to $4.5 million (2,700 to 3,800 square feet), or apartments from $1.3 million to $2.2 million (1,215 to 1,980 square feet).   Interior specifications include Gaggenau kitchen appliances, marble countertops, wood and limestone flooring and a choice of Villeroy & Boch or Philippe Starck bathroom fittings. 

The first of its kind, Robb Report Vacation Homes is the authoritative resource for this market of ultra-affluent home owners, buyers and sellers. Robb Report Vacation Homes addresses the unique needs and interests of owners, buyers and sellers of the world’s most exquisite and sought-after vacation properties.

The magazine explores all aspects of second, third and fourth home ownership, including real estate investment opportunities, tax strategies, maintenance, home security and estate management. Robb Report Vacation Homes features extraordinary homes around the world, including the very best in beachfront properties, vineyard retreats, ranches, country houses, gold resorts, mountain chalets and equestrian estates.  The magazine examines up-and-coming communities, with previews of top developments that are just breaking ground. Robb Report Vacation Homes also explores the powerful new industry of private residence clubs and fractional home ownership.   www.vacationhomes.com.



MEDIA CONTACT:
Jeff Perlman
Vice President, Corporate Communications
(310) 589-7780
jeffp@curtco.com

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