LUXURY HOMES & LUXURY REAL ESTATE
C&M Real Estate
By MICHAL PAZ
A five-bedroom, four-bath villa in Caesarea, Israel, is on the market for $1.8 million.
A FIVE-BEDROOM FOUR-BATH VILLA IN CAESAREA
The main floor of this 374-square-meter (4,026-square-foot) house has an open living and dining area with three-meter (10-foot) ceilings. Floors throughout are of local stone. The kitchen has a wooden island, marble countertops and oak cabinetry. The living room has glass doors that lead to a 65-square-meter (700-square-foot) stone patio. Also, on this level is the master bedroom, which has a dressing room, an en-suite bathroom with a Jacuzzi tub, and windows overlooking the garden. A second bedroom with its own entrance and a utility room, completes the level.
Upstairs, which is currently used as an office suite, the layout is similar. It also has a 30-square-meter (323-square-foot) terrace with planters and distant views of the Mediterranean Sea, and a six-square-meter terrace overlooking the road.
The house, made of concrete, was built in 2000 and has a water-recycling system, a central vacuum and built-in sprinklers. A walkway made of reclaimed railway beams leads to an antique French oak front door.
The property is 1,000 square meters (a quarter acre) in size and has mature fruit trees, including lemon, pomegranate and carob, as well as a pergola with roses and a vegetable garden. Caesarea’s beach and shopping are about a 10-minute walk; the airport is about a 45-minute drive.
Over the past five years, housing prices in Caesarea, a privately owned village about 40 kilometers (25 miles) north of Tel Aviv, have risen 30 to 50 percent, the growth was spurred in part by Israel’s improved infrastructure; better roads and railroads have allowed for easier commutes from Caesarea to Tel Aviv
Caesarea’s golf course reopened after being redesigned by the golf course designer Pete Dye.
A Modern Home in an Ancient City
C&M Real Estate
Luxury homes for sale IN ISRAEL.
Though it has had little effect on housing prices, the economic downturn has slowed the volume of sales in Caesarea, villas were taking about four to six months to sell.
Housing prices vary according to size, age and situation; homes directly on the golf course or with Mediterranean views are more expensive.
Roman ruins at Caesarea’s beach, which is about a 10-minute walk from the home.
Small semidetached homes on smaller lots start around $1000, 000
Detached homes start at $1,5 million; larger and newer homes are $4 million or $8 million.
There are a few attached three-bedroom homes in the $700,000 range. And at the Neot Golf complex, 60-square-meter apartments start in the $250,000s. The majority of Caesarea’s housing stock, however, is in the $1 million to $7 million range.
WHO BUYS IN CAESAREA?
The majority of Caesarea homeowners are Israelis, many of whom commute to Tel Aviv or Haifa. Foreign buyers, who account for 10 to 15 percent of the population, are typically from the United States, France and London.
There are no restrictions on foreign property ownership in Israel,
Buyers should estimate an additional 7 to 10 percent of the purchase price for side costs, which include a land-purchase tax ranging from 3.5 to 5 percent, a real estate agent fee (2 percent, plus a 16.5 percent value-added tax applied to the agent’s fee), legal fees (about 1 percent, plus tax), as well as registration and notary fees. A full year’s municipal tax is due when the property is registered. that amounted to around $8,000 for a typical Caesarea villa.
Financing up to 65 percent of the purchase price is usually possible.
TAXES AND FEES
Monthly municipal taxes are 1,100 shekels ($289); security is an additional 400 shekels ($105) a month. Membership to Caesarea’s country club, which is optional, is approximately $2,500 a year for a family; golf course membership ranges from approximately $3,000 to $7,000 a year.
C&M Realty Company, 972- 54-440-2005