Luxury Real Estate News: Hearst Grandson Selling California Estate, Foster + Partners Project in Uruguay, and More
The grandson of newspaper publishing magnate William Randolph Hearst, William Hearst III, is putting his stunning California estate on the market. Located in the picturesque suburb of Mill Valley, the five-bedroom, 4.5-bathroom home sits on 5 acres of land and boasts breathtaking views of redwood trees and verdant hills. With an asking price of $6.2 million, the property features an infinity pool, a large pool deck, a three-car garage, and beautifully landscaped gardens perfect for leisurely strolls.
In other news, Foster + Partners, the renowned British architecture firm, has broken ground on their first project in Uruguay. The luxury residential development, named the Edge, is situated in Montevideo’s Carrasco neighborhood and will consist of eight units surrounding a circular glass-walled courtyard, offering stunning views of the coast. The project, a collaboration with local practice Ponce de León Architects, will also include amenities such as a pool, sauna, gym, and shared garden.
Meanwhile, home prices in Southern California have reached a record high in March, despite soaring mortgage interest rates. The average price for homes in the six-county region has hit $869,082, up 9% from the previous year. Real estate experts attribute this surge to wealthy buyers who are unfazed by interest rates, with approximately one-third of deals involving all-cash offers.
Lastly, a warehouse conversion in Sydney that was featured in the romantic comedy “Anyone but You,” starring Sydney Sweeney and Glen Powell, is set to go to auction later this month. Located in the inner suburb of Leichhardt, the two-bedroom, three-bathroom space is expected to fetch around A$3 million (US$1.95 million). The unique home spans two levels, with the main living areas on the upper floor and a self-contained lower level complete with a bedroom, bathroom, and kitchenette. Design elements such as exposed beams, picture windows, and hardwood floors add to the charm of this stylish property.