Father-son duo Osei and Nadir Rubie are quickly gaining momentum as luxury real estate developers in the vacation rental market after launching Reside in Opulence, a luxury real estate development firm.
From new construction to property acquisition and renovation, the New York-based firm creates experiences that combine luxury, leisure, and legacy. Their objective is to transform properties within historic, picturesque, and oceanfront communities where they can increase their value while generating revenue through short-term rentals or resale. Past projects include renovating single-family homes in Martha’s Vineyard, Long Beach, and the Poconos.
After years of renovating other properties while conducting luxury market research and analysis, the self-taught real estate developers, purchased their first short-term vacation property in Martha’s Vineyard in 2019. The one-level ranch style house had four bedrooms, two full bathrooms, and outdated popcorn ceilings. When it was sold, Rubie and his son more than doubled the original purchase price.
Each acquisition was intentional, ensuring that all properties offered enough latitude for the redesign and renovation phases to achieve a finished high-end product. Through branded merchandising and a host of amenities, especially the entertainment options, Rubie and son saw increased bookings for their vacation properties.
The Poconos property features four bedrooms, three bathrooms, a large outdoor patio; a grand family room with cathedral ceilings and fireplace; a wine cellar; a gym; a modern entertainment center; a full-size movie theater with luxury seating; gaming tables to play air hockey, cards, and dominoes; a state-of-the-art lower terrace with vintage full-size arcade machines and over 300 “old-school” games such as Super Mario Brothers, Donkey Kong, and Street Fighter.
The Long Beach property, located half a block from the beach, has a modern design and multiple decks for relaxation and sunbathing. This three-level property also has a rooftop with a view, barbecue grill, spa room with a sauna accommodating 3 to 4 people, a 54-inch soaking tub, and a custom shower to feel zen.
“We are excited to embark on this new journey, an opportunity for my son and I to design an oasis for our guests to experience in some of the top vacation rental markets in the U.S. Together, we are building our legacy as a family, but also people of African descent gaining more market share in an industry that has historically excluded us,” said Osei Rubie.
“With every transaction, our commitment to community building and economic development deepens because we recognize the correlation between representation and generational wealth. One cannot exist without the other if we want to strengthen and uplift the African Diaspora,” said Nadir Rubie.
Reside in Opulence is a state of mind cultivated through design concepts, high-quality building materials, and appliances. The smart homes offer ease with state-of-the-art technology to easily control the entry door locks, thermostats, and in-ceiling SONOS speakers while QR codes keep the instructions and frequently asked questions in the palm of your hand. Their guests come year-round for the serenity of the mountains or the beach to rest, relax, and rejuvenate.
Rubie and his son are no strangers to success, recently closing over $2 billion in transactions at National Standard Abstract – the title insurance experts in residential, commercial, and faith-based developments. Diversifying their housing portfolio with luxury short-term and vacation rentals will exponentially increase their business footprint and social impact.
Hello, my name is Shelia and I live in the San Diego area. I’m very proud of all that you have accomplished. I only dream of owning a home or even a piece of land for my family of four. I cannot afford to invest in your vision for our people, but I did want to send my congratulations and well wishes as you keep soring! God bless you all always.