Luxury second home demand continues to outperform category and market

Luxury second home demand continues to outperform category and market

The post Luxury second home demand continues to outperform category and market appeared first on Pacaso.

Published Date: November 1, 2022

Pacaso Second Home Market Analysis Q2 2022: Key takeaways

  • Luxury second home transactions increased 25% year-over-year during Q2 2022
  • Compared to pre-pandemic levels, luxury second home sales increased 235% since Q1 2020
  • Second home buyers are flocking to locally-relevant destinations with beaches and year-round outdoor activities, including Coeur d’Alene, ID; Williamson County, TN; and Kitsap County, WA
According to second home mortgage rate lock data analyzed by Pacaso’s research team, sales of luxury second homes and investment properties – which are defined as homes sold for $1 million or more that are designated for seasonal and/or recreational use – increased nearly 25% year-over-year during the second quarter of 2022 and approximately 235% compared to Q1 2020, prior to the pandemic intensifying in the U.S.
“Overall, luxury real estate exceeded expectations and outperformed the rest of the second home category and the overall real estate market in Q2 2022,” said Pacaso Co-Founder and CEO Austin Allison. “Despite a rising interest rate environment and growing concerns of a recession, it is clear that demand for this type of asset remains strong.”  

Resilience of the luxury second home buyer and real estate market

The last two years, particularly during the peak of the pandemic, the housing market experienced record growth. Home price appreciation seemingly peaked in April of 2022, when it was up 21% nationwide. Today, the market is beginning to normalize from those unprecedented levels. In May, home prices decelerated for the first time in five months, but were up double digits year-over-year for the 16th consecutive month. The deceleration was partially driven by rising interest rates, an uncertain economy and geopolitical unrest in the Ukraine. Contrary to some headlines, many economists believe that the housing market will continue to grow through 2022, albeit not at the same pace as 2020 and 2021.
The current volatility in the stock market has impacted many consumers’ overall net worth in recent months. This in turn drives many to look to more stable asset classes, such as real estate. Recent research from Pacaso revealed that since 1980, real estate has been more stable than typical stock market indexes during periods of economic recession or uncertainty.
“Affluent consumers tend to be more insulated from the impacts of an economic downturn,” continued Allison. “Some consumers will look to real estate as a more stable place to park their money during times of increased market volatility. Although they may trim their budgets, this group is less likely to completely drop out of the market. As a result, demand for luxury real estate remains strong, but the acceleration of home price appreciation for this category will likely continue to slow as we saw during Q2 2022.” 

Luxury real estate is less impacted by rising interest rates 

While interest rates are rising compared to record low rates during the pandemic, the housing market is still experiencing very healthy demand, particularly in the luxury second home segment. Thirty-year fixed rates rose above 5% in April for the first time in more than a decade. In the second week of June, interest rates rose by 55 basis points, which was the largest one-week increase since 1987. However, for the past 50 years, 30-year fixed mortgage rates have averaged approximately 8%, even crossing above a staggering 18% in the early 1980s. With rates averaging around 5% today, they are still relatively low comparatively.
It is important to note that the total share of second home mortgage rate locks was 2.7% in Q2 2022, dropping below the pre-pandemic national average of 3.5% (based on second home mortgage rate locks between 2015-2019). The luxury category makes up approximately 12% of all second home mortgage rate locks. The median price for all second home mortgage rate locks during Q2 2022 was $435,000, which was up 19% year-over-year. Looking specifically at the luxury category, the median price was approximately $1.4 million, which remained relatively flat on a year-over-year basis.
However, when it comes to second homes, more than 50% of buyers pay in all cash*. For this reason, looking simply at second home mortgage rate lock data is not the best indicator of true second home sales in the U.S. The median-to-lower end of the housing market, which makes up approximately 88% of all second home mortgage rate locks is being hit particularly hard, thus driving down total second home mortgage rate lock growth on a year-over-basis. In fact, numerous discount brokerages and mortgage companies are reportedly laying off agents in mass due to decreasing demand for median to lower priced homes. 

Second home buyers flock to locally-relevant destinations featuring outdoor activities

Second home buyers were focused on locally-relevant destinations that feature outdoor attractions, many located along waterfronts, as the peak summer travel season approached. 
“For the past two years, premier second home destinations like Aspen, Malibu and Tahoe experienced strong buyer demand,” said Allison. “As inventories were constrained and prices accelerated in those markets, buyers began looking to more locally-relevant destinations for their second home. In those markets, buyers can get a lot more for their money without sacrificing on the quality of their home or proximity to outdoor activities.”
Coeur d’Alene, ID and Williamson County, TN experienced the largest year-over-year increase in the median purchase price for luxury second homes of 52% and 42%, respectively. These destinations offer a wealth of outdoor activities, such as hiking, mountain biking, and fishing, making them optimal second home destinations. Situated along Washington’s Puget Sound, Kitsap County, WA, which boasts miles of beautiful shoreline, golf courses, water activities, and boat excursions, saw the median price of luxury second homes increase 39% year-over-year.
Cape Cod, MA experienced the largest increase in second home rate lock transactions during Q2 2022 (+236% year-over-year). Located just south of Boston, Cape Cod offers a wealth of outdoor activities, pristine beaches, five star restaurants and some of the best mini golf courses in the nation for family-friendly fun. Beachfront counties dominated the top ten list of destinations by transaction count, including  St. Johns County, FL which saw a 220% increase. Sevier County, TN, which is known as the gateway to the Great Smoky Mountains National Park, and Clark County, NV, home to The Last Vegas Strip, also experienced strong growth in second home rate locks, up 147% and 108%, respectively.

Destinations with the strongest Q2 2022 luxury second home price increases

Destination Median Purchase Price ($1M+) Year-over-year Increase
Coeur d’Alene, ID $1,745,000 51.7%
Williamson County, TN $1,748,000 42.1%
Kitsap County, WA $1,525,000 38.6%
Charleston County, SC $1,898,000 35.5%
Truckee-Grass Valley, CA $1,613,000 31.6%
Orange County, FL $1,500,000 26.1%
Currituck County, NC $1,512,000 26.0%
Baldwin County, AL $1,338,000 21.6%
Santa Clara County, CA $1,610,000 21.1%
Heber, UT $1,530,000 20.0%

Destinations with the strongest Q2 2022 luxury second home mortgage rate lock growth

Destination Year-over-year Second Home Rate Lock Increase ($1M+)
Cape Cod, MA 236%
St. Johns County, FL 220%
Kings County, NY 168%
Sevier County, TN 147%
Elizabeth Islands, MA 140%
Ocean City, NJ 123%
Miami-Dade County, FL 108%
Clark County, NV 108%
Ocean County, NJ 106%
Baldwin County, AL 100%

Methodology

Pacaso identified the nation’s top second home markets by compiling census data on counties with a percentage of seasonal homes and median home values at or above the top 20th percentile, and by excluding those below the bottom 10th percentile of counties with the fewest households.
Pacaso then analyzed real estate activity in the top second home markets by observing mortgage rate lock data, a leading indicator of second home buying activity. When applying for a mortgage rate lock, a home buyer must specify whether they are securing a mortgage rate for a primary home, secondary home or an investment property. Approximately 80% of mortgage rate locks result in home purchases. Mortgage rate lock data was provided by real estate analytics firm Optimal Blue and includes a sizable share of the market that is taken to be representative of the whole. For this analysis Pacaso’s research team looked at mortgage rate lock volume for both second homes and investment properties for Q2 2022 with a purchase price of greater than $1 million to focus on the luxury end of the second home and investment property category. Rate lock transactions and median purchase price data were sourced at the county level for counties that had a minimum of 5 second home transactions and aggregated quarterly, with Q2 representing the months of April through June 2022.
Looking to purchase a second home? Pacaso analyzed data from Optimal Blue to determine hot second home destinations and Q2 2022 market trends.
* National Association of REALTORS®, June 2021

‘Easy, affordable and streamlined:’ Broker shares how Pacaso matches his clients’ needs perfectly

‘Easy, affordable and streamlined:’ Broker shares how Pacaso matches his clients’ needs perfectly

The post ‘Easy, affordable and streamlined:’ Broker shares how Pacaso matches his clients’ needs perfectly appeared first on Pacaso.

Published Date: October 4, 2022

Roh Habibi Testimonial Photo final
Many second home buyers are wary of high costs and ongoing maintenance, and worry they won’t have enough time to use their home. Pacaso is the best solution, according to San Francisco-based luxury real estate broker Roh Habibi of Sotheby’s International Realty.
“Every complaint that I’ve gotten from my clients that own second and third homes in all these destinations — Pacaso has solved it,” said Roh, describing how Pacaso makes it easy for buyers to enjoy their second home. Plus, Pacaso handles the legwork, including tours, inspections and escrow. “For me as an agent, the Pacaso transactions are the easiest I will do all year.”
Watch the video to learn more about co-ownership and the benefits of working with Pacaso, from easy in-person or virtual touring with clients to a generous and fast commission structure for agents. 
Have a client searching for a second home or never thought they could afford one? You earn a 3% referral commission when your clients buy a second home in any of our 40 destinations worldwide. Start touring  a home with your clients today or refer a buyer to get started.

‘Demand remains strong’: 3 luxury second home real estate trends agents need to know

‘Demand remains strong’: 3 luxury second home real estate trends agents need to know

The post ‘Demand remains strong’: 3 luxury second home real estate trends agents need to know appeared first on Pacaso.

Published Date: November 1, 2022

coastal treehouse
There’s no denying the challenges and unpredictability of today’s macro environment. Suddenly, the idea of owning a second home — which saw a surge in demand during the height of the pandemic — sounds a lot less feasible during these changing times. As the market shifts and inventory tightens, is there still value in the second home market?
To help answer that question, Pacaso compiled its Second Home Market Analysis in July 2022. The analysis of Optimal Blue data measures second home mortgage rate locks along with median purchase prices for the top 50 second home markets across the U.S. to determine transaction volume.
Here are the biggest takeaways from the report. 

1. Demand remains strong for the luxury second home market

Sales of luxury second homes and investment properties — homes designated for seasonal and/or recreational use that are sold for $1 million or more — increased nearly 25% year-over-year during the second quarter of 2022. This is also an approximate 235% increase compared to the first quarter of 2020 just before the pandemic intensified in the U.S.
second home analysis mortgage rate locks
Home prices decelerated in May 2022 for the first time in five months, likely driven by rising interest rates, uncertain economic conditions and geopolitical unrest. The volatility of the stock market has impacted the overall net worth of many consumers. Despite these changes, affluent consumers are increasingly looking at more stable asset classes like real estate. Research shows that since 1980, real estate has remained more stable than typical stock market indexes during times of economic uncertainty. While consumers may be cutting down on budgets, this group of buyers is less likely to drop out of the market and will continue to drive demand for luxury real estate. 

2. Luxury second homes are less impacted by rising interest rates

While interest rates are rising, demand for the housing market continues to be healthy, particularly in the luxury second home segment. While the total share of mortgage rate locks for all second homes fell below pre-pandemic levels, this was in large part due to the median-to-lower end of the housing market. In addition, more than 50% of second home buyers pay in all cash. For this reason, looking simply at second home mortgage rate lock data is not the best indicator of true U.S. second home sales. Luxury second homes overall make up about 12% of all second home mortgage rate locks, and median prices remained relatively flat on a year-over-year basis. 
second home-analysis fixed rate mortgage percent

3. Second home buyers are flocking to local destinations

For the past two years, premier second home destinations like Malibu, Aspen and Lake Tahoe have seen accelerated prices. This has led buyers to increasingly look at more local destinations for their second home — in particular, destinations where buyers can get more for their money without compromising on their home or nearby attractions. Beachfront counties and areas with year-round outdoor activities saw impressive growth, including Coeur d’Alene, ID, Williamson County, TN, Cape Cod, MA and Sevier County, TN to name a few. 
second home analysis-destinations with strongest price increases

The stability (and opportunities) of the second home market

Despite our current reality of rising interest rates and concerns of an impending recession, the numbers show that demand for luxury real estate — the second home market in particular — remained strong during the second quarter of 2022. For clients still hoping to enter the second home market, trends show that real estate remains a stable place to purchase, and even more so through responsible and accessible ownership models, like co-ownership. This can be a huge opportunity for both your clients and your business.
For the full analysis and methodology, click here
Interested in working with Pacaso to expand your services and help more clients buy their second home? Check out our agent resources to get started.

Live In The Fast Lane At The World’s First Bentley Residences {Live In The Fast Lane At The World’s First Bentley Residences} – English

Live In The Fast Lane At The World’s First Bentley Residences {Live In The Fast Lane At The World’s First Bentley Residences} – English

The post Live In The Fast Lane At The World’s First Bentley Residences appeared first on Luxe Interiors + Design.

Known for its sleek, high-performance cars, prestigious automobile brand Bentley Motors moves into the fast lane with its first residential complex: Bentley Residences. Set to rise from the shores of Sunny Isles Beach, Florida, in 2026, the 70-story building will be the tallest residential tower on the U.S. coastline.

Bentley worked closely with Sieger Suarez Architects and Dezer Development to shape the exquisitely designed building. Its exterior will sparkle with diamond-shaped glass panels that refract light, and those same diamond motifs (a Bentley signature) are to be repeated throughout. Apartments will come with Italian-made Bentley Home furniture pieces along with a private balcony pool, sauna and outdoor shower. “It’s being built with luxury car owners in mind, and our patented drive-in elevator allows owners to park their car, on display, right outside their home—the ultimate statement of exclusivity,” says Gil Dezer of Dezer Development.

Amenities will include a cinema, whiskey bar and cigar lounge, a wellness center and spa, and an on-site private restaurant.

RENDERING: COURTESY BENTLEY RESIDENCES

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Tour A Modern Wine Country Retreat With Eco-Conscious Materials {Tour A Modern Wine Country Retreat With Eco-Conscious Materials} – English

Tour A Modern Wine Country Retreat With Eco-Conscious Materials {Tour A Modern Wine Country Retreat With Eco-Conscious Materials} – English

The post Tour A Modern Wine Country Retreat With Eco-Conscious Materials appeared first on Luxe Interiors + Design.


During the pandemic, creating an abode halfway across the country was no easy task. But when the couple connected with residential designer Fabien Lannoye, general contractor John Schrader and interior designer Shelley Cahan, things started to fall into place. All three have ties to Napa Valley, a bonus for the out-of-town owners, but also key was a near-instant rapport. Cahan only met with the couple in person twice during construction, but “we just clicked,” she says. “They trusted us to deliver their dream home.”

“We wanted it to feel casual, bright and modern,” the wife says. “Our house on Lake Michigan is a traditional English Tudor, and we were ready for a change in architecture and design.” Lannoye set a contemporary note with an open floor plan large enough for a kitchen, living room and dining area set under a soaring ceiling with exposed trusses. Cahan emphasized the airiness of the space with a 20-foot, floor-to- ceiling plaster fireplace surround, which acts as a stunning centerpiece.

To bring additional natural light into the front of the residence, Cahan commissioned a custom pivot door for the front entry and added two skylights to the kitchen. “The glass in the door allows the morning eastern light to pour in,” Cahan says of the impressive portal built by artisan Joe Bates. “It’s a game changer.”

The dwelling is designed around the landscape that drew the couple to wine country. “The house is U-shaped, so when you are inside looking out, it frames views of the vineyards,” says Schrader, who collaborated on the design with Lannoye. “The exterior is largely glass, stone, cedar and Cor-Ten steel,” the general contractor adds. While their low-maintenance qualities are a plus, these natural materials also play an important role in establishing curb appeal; the structure looks right at home set amongst the rolling hills and distant mountains. The elements are also fire resistant and energy efficient, an important consideration in this region.

Taking advantage of the setting and views, a large sliding glass door connects the pool area and great room. Drought-resistant plantings chosen by landscape designer Katherine Novick provide a natural backdrop. “The family wants to be outside when they come here,” Cahan notes. “This house has a full outdoor kitchen with an island, custom lap pool, two fire pits and outdoor furnishings that let the party move with ease from inside to out.”

To make sure the abode would fit the family’s lifestyle, Cahan interviewed the couple and their three children about their needs for the common spaces and private bedrooms. The youngest child, a son still in high school, got a bedroom with a desk for homework, while the older daughters emphasized that they would feel most comfortable in a residence with eco-conscious furnishings and materials. “I’m learning from them and trying to be more mindful of sustainability,” the wife says. “When and where we could, we made that choice.”

Cahan points to the vegan leather chairs in the media room as an example of how they honored the daughters’ requests. The designer also relied heavily on locally made pieces partially for sustainability, but also because with pandemic- related shipping delays, they wanted to be sure that the house could be furnished as soon as construction finished.

Now that the dwelling is complete, the wife hopes the family can use it more often once their teenaged son graduates from high school. “Although there’s no pressure on him to go to college in Northern California, it would be nice if he followed his sisters’ lead and headed west,” she says jokingly. On a more serious note, she adds that the home has evolved as a touchstone that brings the tribe together. “This is a relaxing place for all of us,” the wife says. “We love this house.”

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Global Treasures Await At Peter Oleck’s New Miami Shop {Global Treasures Await At Peter Oleck’s New Miami Shop} – English

Global Treasures Await At Peter Oleck’s New Miami Shop {Global Treasures Await At Peter Oleck’s New Miami Shop} – English

The post Global Treasures Await At Peter Oleck’s New Miami Shop appeared first on Luxe Interiors + Design.

A culmination of seven years exploring the globe, residential designer Peter Oleck’s new showroom, Pietra Casa, in Coconut Grove, Florida, flaunts an exquisite collection of home accessories, materials, lighting and architectural elements that can’t be found anywhere else.

Why did you decide to open Pietra Casa? After years designing projects like the Mondrian South Beach Hotel and homes from Golden Beach to Harbor Island, I wanted to create a space that offers specialty goods for luxury homes, hotels and restaurants. Teaming up with Turkish designer Furkan Tan, we’re creating new bespoke pieces and a furniture line called Carbon Studio. In this world of fast-paced mass-production, we want to bring back a sense artisanal manufacturing and products that are driven by authenticity and quality.

What sets your shop apart? Our goal is to showcase objects from all over the world that aren’t widely represented in North America: European furnishings, volcanic light fixtures from Mexico, Italian hand-stitched leather trays, mouth-blown German glass, Turkish linens and more.

What’s next for you? Pietra Casa offers an immense array of products, and it’s impossible to feature everything. So, we expect to open new locations in Los Angeles, New York and Istanbul that continue creating this true sense of luxury living.

Dark wooden shelving showcasing home decor

PHOTOS: COURTESY PETER OLECK

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A Chicago Couple Trades French Country For Fresh And Functional {A Chicago Couple Trades French Country For Fresh And Functional} – English

A Chicago Couple Trades French Country For Fresh And Functional {A Chicago Couple Trades French Country For Fresh And Functional} – English

The post A Chicago Couple Trades French Country For Fresh And Functional appeared first on Luxe Interiors + Design.


That was the predicament Steve Somogyi and Filip Malyszko’s clients faced when they inquired about doing a light refresh of their 1950s ranch in Palos Heights, Illinois. The design duo was already working with the couple on plans for a family compound in Michigan. However, the wife had their current residence on her mind when she asked, “‘Can you help us by painting and adding new window treatments?’” Malyszko recalls.

The house bore a strong French country influence with carved wood, cherry floors and a color palette of burgundy, gold, black and deep green. “It was decorated to the nines, but very fancy and traditional,” Malyszko says. “Everything was perfectly coordinated—the drapes matched the pillow trim.” Somogyi got right to the point and, according to Malyszko, told the clients, “‘This is going to take a lot more than a paint job. It isn’t a real representation of who you are and where you are in your life.’”

The couple couldn’t have agreed more. With their children now in high school and college, they were ready for a drastic change. The Michigan residence got put on the back burner, and the Chicagoland abode became the focus. “Make it light and bright,” the wife told the designers. “Our goal was for the space to be more functional for the way we live every day,” she says.

The duo began with reimagining the great room. Working with general contractor James Corso, they built out the roof and added steel supports that bring attention to the voluminous space. The limestone fireplace, adorned with salvaged-steel artwork, also helps to draw the eye up to the 14-foot peak. “We completely blew off the ceiling and reshaped the roof,” Malyszko explains. “The project went from decoration to renovation.” A skylight so large it had to be craned in piece-by-piece floods the space with light, allowing the designers to paint the walls a deep ebony. “It was transformative,” Malyszko says. For furnishings, they replaced the couple’s collection of dark and ornate pieces with clean-lined selections. An oversize coffee table holds center court while custom sofas modeled after the family’s old ones provide all the seating the couple needs to entertain a slew of visitors.

This love of hosting also facilitated the decision to flip the dining room to the front of the house, allowing for a commodious custom dining table that easily accommodates 12 guests. Overhead hangs a dramatic multipendant light fixture that stretches the length of the table. “It’s the first thing you see,” Malyszko says. “It has wonderful movement. The glow of the handblown glass pieces is spectacular.”

The removal of a partial wall that blocked the flow between the kitchen and current sitting area of the great room also makes for easier entertaining. As does the new kitchen of the wife’s dreams, complete with streamlined cabinetry, a custom hood and a live-edge breakfast table with banquette seating offering a cozy spot for informal meals.

In another clever move, the designers created a new entry by enclosing part of the covered front porch and barrel-vaulting the ceiling. They retained the texture-rich limestone of what used to be an exterior wall and turned the space into a darling vignette with a chain-leg console topped by an arched mirror and plaster lamp, all set aglow by natural light streaming in from the adjacent window. Now one of the most chic spaces in the house, the foyer has a strong indoor-outdoor connection that makes it feel like a three-season room.

Each revamped space flows together naturally, thanks to the overall palette of materials. “We wanted to unify the residence so that each room blends together from one area to the next,” Malyszko says. “There is a mixture of textures, neutral colors, contrast and subtle patterns making each space unique, but not jarring.”

Post-renovation, the owners are grateful that they decided to stay in the dwelling that has nurtured their family for more than 20 years. Says the wife, “They literally turned the house into our dream home.”

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Calling All Mountain Modern Lovers: This Book Is For You {Calling All Mountain Modern Lovers: This Book Is For You} – English

Calling All Mountain Modern Lovers: This Book Is For You {Calling All Mountain Modern Lovers: This Book Is For You} – English

The post Calling All Mountain Modern Lovers: This Book Is For You appeared first on Luxe Interiors + Design.

Photo courtesy Monacelli

For many years, forward-thinking architects have been reimagining the Rocky Mountain vernacular, adapting its traditional forms and rustic, regional materials to the cleaner lines of modernist design. Yet surprisingly few books have captured the resulting private residences.

In Rocky Mountain Modern: Contemporary Alpine Homes, published this summer by Monacelli, veteran design journalist John Gendall does just that. The 18 modern residences highlighted here cover the remarkable expanse of the 3,000-mile-long Rocky Mountains—from a ridgetop home near Canmore, Alberta, to a ranch house at the foot of New Mexico’s Sangre de Cristo Mountains.

By including seven homes across Colorado, Gendall shines a spotlight on the state’s booming design scene. From projects by powerhouse firms Rowland+Broughton, CCY Architects or even the one-woman studio of Renée del Gaudio Architecture, the houses featured in this tome demonstrate modernism’s affinity not just for dramatic landscapes, but for some of the harshest environmental conditions in the West.

Cover of Rocky Mountain Modern book featuring a home in a field with mountain views

Photo courtesy Monacelli

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Dazzle Your Home With This Jewel-Inspired Furniture Collection {Dazzle Your Home With This Jewel-Inspired Furniture Collection} – English

Dazzle Your Home With This Jewel-Inspired Furniture Collection {Dazzle Your Home With This Jewel-Inspired Furniture Collection} – English

The post Dazzle Your Home With This Jewel-Inspired Furniture Collection appeared first on Luxe Interiors + Design.

PHOTO: COURTESY ADRIANA HOYOS

Desire a home that dazzles like a jewelry box filled with brilliant baubles? Furniture and interior designer Adriana Hoyos believes her newest Gem Collection is the most elegant and refined collection yet.

What sparked the Gem Collection? As we searched for inspiration during the pandemic, and without travel, we had to focus on what we had in hand—quite literally—because we have gems and jewels in our hands. The main piece of jewelry that inspired us is the cushion-cut diamond. Its shape and soft curves are replicated in many of our pieces, from cocktail tables to an ottoman.

Share the new styles you introduced. We add special curved shapes with soft angles and materials. There are two new wood finishes that match our two new metallic finishes. We also introduced a different hardware for our case goods. The leathered bases to decorate our dining table are a great accent of the collection.

Why was this the right time for the collection? The pandemic taught us what we like and what we don’t like in the spaces we live in. We went through a different creative process this time by trying to bring out the crème de la crème of our brand. We wanted to pamper our clients through our most elegant designs ever, specially made for their homes.

dining table by Adriana Hoyos

PHOTO: COURTESY ADRIANA HOYOS

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Peek Inside A Rare Midcentury Modern Gem In Central Denver {Peek Inside A Rare Midcentury Modern Gem In Central Denver} – English

Peek Inside A Rare Midcentury Modern Gem In Central Denver {Peek Inside A Rare Midcentury Modern Gem In Central Denver} – English

The post Peek Inside A Rare Midcentury Modern Gem In Central Denver appeared first on Luxe Interiors + Design.

Carrie Hudak’s home wouldn’t look out of place in Palm Springs, California, which makes it an anomaly considering its location: central Denver. The just-over-5,000-square-foot midcentury modern dwelling is tucked amid dozens of traditional 1920s and ’30s residences more typical of historic Cheesman Park. With a front façade punctuated by just a few slender floor-to-ceiling windows and a vine-covered wall concealing much of the house and yard from the street—thus furthering its mystique—this is an abode that invites curiosity.

Carrie herself had long been intrigued by it. So when the property came on the market, she snapped it up. She picked up on its potential at first sight, but also noted plenty of spaces ripe for improvement, including an oddly laid-out kitchen with an island set at a diagonal, dated bathrooms and a sea of mismatched concrete-and-brick pavers in the courtyard. A renovation challenge was far from daunting, however, thanks to a bona fide ace up Carrie’s sleeve: her sister, interior designer Amy Casey.

To tackle the renovation, they called on architect Katrina Eckelhoff and builder Christine Regis, both of whom had worked on Carrie’s previous residence. Eckelhoff noticed the home’s charms right away. “It just had a good feeling when you walked in,” she recalls. Built as a small two-bedroom in 1959, the property was expanded in the ’60s into its current U-shaped layout. Studying the house’s subsequent renovations, the architect could see where previous owners had attempted to fix some of its awkward corners. It helped her identify new ways to improve the dwelling’s flow without altering its floor plan. “She had all these subtle ideas that turned out to be game changers,” comments Carrie.

Together, Eckelhoff, Casey and Regis envisioned how to transform this abode into the best version of itself. To retain some of its midcentury character, they opted to keep the original parquet floors and floor-to-ceiling glass windows, but the bathrooms and kitchen were stripped down to the studs and some partitions between the rooms removed. For the interiors, Casey also drew inspiration from an unlikely place: Carrie’s career as a geologist. Her knowledge of rocks and stones is highlighted throughout the home, from varying surfaces on countertops to decorative accents here and there, including a huge statement slab behind the primary bathroom’s freestanding tub. Individual stones are also displayed around the house. (“When you’re a geologist, people can’t resist gifting you rocks,” Carrie jokes.) The owner’s taste in art hints at her interest in Earth’s history, too, with photographs of the sea and several landscapes adorning the walls. A nature-inspired palette complements the scene, with, for instance, forest-green accents in the primary bedroom and botanical wallpapers in the children’s bathrooms creating an organic, resort-inspired vibe.

A walnut paneled wall in the lounge area off the main living room caused one of the few moments of disagreement between the sisters. The interior designer was initially inclined to take it out, but Carrie felt she’d miss the warmth of the original wood. Casey found a compromise by working it into her design scheme: She eventually loved it paired with the room’s blacks, whites and grays, and sourced similar-toned woods for the built-in breakfast table and to panel the kitchen island.

Outside, the team worked with landscape architect Dave Johnson to refresh the walled yard without moving any major elements. Casey’s idea of an outdoor seating area around a fireplace just beyond the interior living room created a stronger indoor-outdoor connection, all the while providing a better view than the garage wall. The existing pool received a face-lift complete with a new hot tub. And after a lot of jackhammering, the dated pavers were replaced with flagstone stepping-stones for a modern, streamlined look. Ensconced in what now feels like a private oasis, Carrie’s children, aged 10 and 12, and her husband, Charley, never feel cooped up.

But what makes the home truly special is the comfortable collaboration that went into it. “It was me, my sister and a female architect and builder too—a real ‘woman power’ team and pleasant experience,” Carrie recalls with a smile. “Ultimately, Amy took my concepts and amped them up in a good way. I’m glad I followed her advice, because this is now such a pleasant place to live.”

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