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Red Paper Spotlight: Exploring The World’s Coveted Destination Markets

by | Mar 8, 2023

In The Agency’s third annual Red Paper—an extensive report compiled of the latest data, research and insights on real estate market performance throughout the U.S., Canada, Mexico, the Caribbean and Europe in 2022—our team highlights the enduring appeal and challenges arising in destination markets around the U.S. and internationally. 

From the Caribbean and the Baja Peninsula to the Hamptons, Aspen, Park City and Maui, the world’s destination markets experienced similar challenges as the rest of the world: tight inventory, competitive rental markets and a push for new development to answer the demand of buyers looking for second homes and investment properties. 

Every market is complex and presents its own unique real estate landscape. For more focused spotlights on key U.S. and international markets, read The Red Paper in its entirety here.

Below, we’ve compiled a selection of currently available homes from the world’s most coveted destinations. 

 

Villa Kinich | Playa Del Carmen, MéxicoLocated in a private and gated community in Playa del Carmen, this contemporary beachfront masterpiece offers a stunning rooftop terrace and is close to the area’s popular 5th Avenue, celebrated for world-class restaurants, trendy bars and vibrant nightlife.

 

17 Old W Lake Drive | Montauk, New YorkThis stunning four-bedroom, three-bathroom property boasts a bright, open concept floor plan with hardwood floors throughout, a living room with a wood-burning fireplace for cool nights, and a library/den with a sofa and wet bar for quiet nights. Outside are lush gardens and a heated saltwater pool, hydro pool serenity hot tub and outdoor kitchen. This estate’s central location is minutes from Montauk’s restaurants, shops and scenic beaches.

 

PTA Soliman MZ 30 | Tulum, MexicoSecluded in one of the Riviera Maya’s most pristine coves, this eco-conscious villa in Soliman Bay is known as Villa Amaite. The residence comprises two independent homes: the main house, which can sleep 12 guests, and the Casita, with enough room for 10 people. Designed as a seaside bungalow, the estate’s breezy indoor-outdoor design allows for full enjoyment of Tulum’s paradisiacal setting. Outside, the pool and terrace melt into the white sands of the bay and invite family reunions in the palm tree-filled backyard. This ultra-private paradise is also just 20 kilometers north of Tulum.

 

108 Montauk Hwy | The Hamptons, New YorkThis 1.1-acre estate in East Hampton Village encompasses 3,300-square-feet of living space with 5 bedrooms and 5.5 bathrooms. The expansive yard and gardens feature a heated, Gunite pool, outdoor shower, one bed guest home and garage. Outside, enjoy the fenced-in pool area with a 45-foot heated, brick surround and lawn with dining, lounge chairs and enough room for lawn games. Rinse off in the outdoor shower after a day at one of the East Hampton beaches that are just over a mile away. Located close to some of the region’s best beaches as well as local shopping and dining in East Hampton, this estate is the perfect getaway.

 

La Palmeraie #1 | The BahamasBuilt with 11,000 square feet of living space on 118 feet of undisturbed Pink Sand Beach, this villa encompasses nine bedrooms, each a masterpiece of design with floor-to-ceiling glass windows and perfectly positioned panoramic views from dawn to dusk. Outside, find tropical landscaped gardens, a heated pool, 10-person Jacuzzi, massage room, sun deck, outdoor shower, private spa and steam room, fireplace, 400-square-foot private in-house cinema, bar, and a 300-square-foot gym. Often referred to as the St. Barts of the Caribbean, or simply “Briland” by its residents, Harbour Island has long been known for its friendly residents, British-West-Indies architecture, undisturbed pink sand beaches, and as a peaceful enclave for the world’s affluent.

 

The Residence at Mandarin Oriental Grand Cayman #904 | Cayman IslandsOffering a perfect balance of indoor and outdoor living, this 2-bedroom, 2.5-bathroom residence is part of the Residences at Mandarin Oriental in the Caribbean. This sophisticated home crowns the corner of the 9th floor in the West Hotel Tower. Positioned to offer the finest views in the Caribbean, experience sunrise to sunset from this limited-edition corner residence. Designed by Hart Howerton, with interiors by Meyer Davis, The Residences introduce a new level of craftsmanship to Grand Cayman. Every detail has been considered and a richly layered use of natural materials create an authentic connection to the tropical setting.

 

Bahia Chavon 1 Casa De Campo | Dominican RepublicCasa Miralejos is replete with a traditional five-bedroom layout and one small bedroom for a total of 6 bedrooms in Casa de Campo, located only a few minutes away from Playa Minitas and the Casa de Campo World-Renowned Marina. Miralejo is a destination in and of itself, with a welcoming swimming pool, lush gardens, a palm grove, unobstructed ocean views and a private beach. Explore the nearby shops in Altos de Chavon and take in the Marina markets while enjoying the amazing ocean views.

 

Hotel California | Todos Santos, MexicoBuilt in 1947 by “El Chino,” the legendary Hotel California is now available for sale. This iconic landmark in Todos Santos underwent a masterful renovation in 2001, resulting in eleven unique guest rooms and suites. Each has been vividly and individually decorated with furniture and art from throughout the world creating a truly incomparable experience. This eclectic atmosphere is carried throughout the property, spilling over into the lobby, pool and common areas with hidden delights in every corner. The property comprises income producing outlets such as La Coronela Mexican Restaurant, Emporio Bazaar boutique and gallery, jewelry stores, alfresco dining stalls and a spacious parking lot. 

 

Estate Andraxt | Mallorca, SpainUltra private and located amidst 100,000m² of land above the prestigious Port of Andratx, this newly built estate boasts modern Mediterranean style, and a 25-meter outdoor pool overlooking the panoramic views across to the port, the sea, the mountains and landscape. Features include a detached guest house and is a truly picturesque escape in beautiful Mallorca.

 

Penthouse 1502 Wymara | Turks & CaicosPersonifying the cool, chic and contemporary stylings of Wymara Resort, this recently renovated penthouse offers some of the most amazing Grace Bay and ocean views in all of the Turks & Caicos with an incredible 70-feet of ocean panoramas along a 1,055-square-foot wrap-around terrace. The estate’s 2,647-square-foot interior seamlessly blends with the terrace through tall sliding glass doors inviting the beautiful turquoise hues of the Princess Alexandra National Park into the open plan living and dining space. With 11-foot ceilings the penthouse is awash with natural light and provides indoor/outdoor living spaces ideal for relaxing and entertaining. Residents enjoy all of the Wymara Resort amenities such as cabanas, restaurants, room service, luxury services, and of course, the award-winning Spa. This Penthouse is conveniently situated just moments from the world-famous Grace Bay Beach.

 

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