The highest end of the high end real estate market is buzzing. Already this year three homes in the U.S. have sold for more than $100 million.
Just last week, a property in the Hamptons (outside New York) sold for $147 million — the most ever paid for a single-family house in the U.S. Still, UCLA’s Eric Sussman says real estate that gets this kind of attention is full of risk.
“I don’t think any economist, any real estate expert … would say that buying a $100 million home is a safe place to put your money. Because let’s face it you’re talking about a very scarce asset with very few potential buyers,” says Sussman.
Below is a list of the top real estates sales in the U.S.:
|Address||City||State||Price paid||Date of sale|
|60 Further Lane||East Hampton||N.Y.||$147,000,000||May 2014|
|Blossom Estate||Palm Beach||Fla.||$140,000,000||Dec 2012|
|Broken O Ranch||Augusta||Mont.||$132,500,000||2012|
|Copper Beech Farm||Greenwich||Conn.||$120,000,000||April 2014|
|360 Mountain Home Road||San Francisco||Calif.||$117,500,000||January 2013|
|The Fleur de Lys||Los Angles||Calif.||$102,000,000||2014|
Credit/Compiled by: Miller Samuel Real Estate Appraisers
If you’re a member of your local public radio station, we thank you — because your support helps those stations keep programs like Marketplace on the air. But for Marketplace to continue to grow, we need additional investment from those who care most about what we do: superfans like you.
Your donation — as little as $5 — helps us create more content that matters to you and your community, and to reach more people where they are – whether that’s radio, podcasts or online.
When you contribute directly to Marketplace, you become a partner in that mission: someone who understands that when we all get smarter, everybody wins.