Thought your mansion had it all? Don’t forget the trophy tree

Uber wealthy adding arboreal amenity to palatial residences

National /
Apr.April 23, 2021 12:00 PM
Trophy trees are the latest must-have for high-net-worth individuals decorating their mansions. (iStock)

Trophy trees are the latest must-have for high-net-worth individuals decorating their mansions. (iStock)

Baobabs, banyans and ficuses: The uber wealthy are spending green to see green.

Trophy trees are the latest object of desire for well-heeled buyers, particularly as the pandemic has made many individuals more familiar with their home environs.

For the horticultural must-haves, one modest South Florida landscaping company has pioneered novel ways to acquire and sell the arboreal attractions, the Wall Street Journal reported.

Walter Acree, owner of Green Integrity’s in Deerfield Beach, drives his wealthy clients around South Florida to look at others’ yards and gardens. Once they spot a tree the client wants, Acree makes an unsolicited offer.

The process is imperfect — some people think he’s trying to scam them — but it often works.

Acree has placed large trees on properties owned by celebrities including singer Enrique Iglesias and recently quoted a wealthy homeowner $250,000 to replant a tree on Indian Creek Island in Miami.

“It’s the busiest the business has ever been and we’re doing things at a scale that is just remarkable,” said one tree seller who once had basketball great Michael Jordan bid on a 45-foot canopied oak tree. (He was turned down.)

In Los Angeles, developer Michael Chen said it took 18 months to find and install the arboreal centerpiece for a $65 million spec mansion he was building in Beverly Hills. In Miami, a megamansion featuring a large ficus tree sold for $29 million.

One type of tree remains out of reach. “Sometimes their grandmother planted it or they planted it for their dad or something,” Acree told the Journal. “Those you never get.”

[WSJ] — Orion Jones





    Related Articles

    arrow_forward_ios
    From left: Milos Raonic, Venus Williams, Serena Williams and Novak Djokovic (Credit: Getty Images)
    Luxury real estate anyone? US Open stars and their palatial pads
    Luxury real estate anyone? US Open stars and their palatial pads
    Lena Dunham and 60 Broadway (Credit: Getty Images)
    Lena Dunham’s “massive real estate mistake”
    Lena Dunham’s “massive real estate mistake”
    All Falls Down: Kanye West’s “Star Wars”-themed affordable housing plan hits snag
    All Falls Down: Kanye West’s “Star Wars”-themed affordable housing plan hits snag
    All Falls Down: Kanye West’s “Star Wars”-themed affordable housing plan hits snag
    Eric and Lara Trump with 502 Bald Eagle Drive in Jupiter (Getty, Google Maps)
    More Trumps buy in South Florida: Eric, Lara paid $3M for Jupiter home
    More Trumps buy in South Florida: Eric, Lara paid $3M for Jupiter home
    26 Bank Street and Connie Milstein (Google Maps)
    Connie Milstein’s $20M West Village townhouse tops Manhattan contracts
    Connie Milstein’s $20M West Village townhouse tops Manhattan contracts
    (iStock)
    Drop in home refinancing crimps mortgage firms’ profits
    Drop in home refinancing crimps mortgage firms’ profits
    Douglas Elliman's Scott Durkin and Connie Mui-Reilly (Douglas Elliman, iStock)
    Elliman launches portal to streamline agent resources
    Elliman launches portal to streamline agent resources
    WATCH: How viral videos helped build this real estate agent’s business
    WATCH: How viral videos helped build this real estate agent’s business
    WATCH: How viral videos helped build this real estate agent’s business
    arrow_forward_ios

    The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

    Loading...