The Real Estate Encyclopedia
Home For Sale: $125 Million
Category - Real Estate Information Sources - Real Estate Articles

With special features such as such as private beaches, deep water docks, helipads, polo fields, clay tennis courts, and an in-home pizza parlor, the nations' most expensive homes are in no way lacking in indulgent amenities, as their unbelievable listing prices reflect.

With special features such as such as private beaches, deep water docks, helipads, polo fields, clay tennis courts, and an in-home pizza parlor, the nations' most expensive homes are in no way lacking in indulgent amenities, as their unbelievable listing prices reflect.

Indeed, the list of features presented in these listings seem pulled from the set of a movie versus real life. Take, for example, the Corona Del Mar oceanfront estate (occupying 3 lots) which boasts an entertainment level modeled to look like a miniature “Main Street”; complete with a state-of-the-art theater, a diner (including a soda fountain), a regulation bowling alley, a jewelry "store" for displaying collections, and a car museum with its own service shop and car lift. Given that the property is in California , there's a good chance it has actually been used as a movie set.

Although for the majority of the country the speculation about these homes will be confined to a pleasant daydream which succeeds in distracting you from from your workday for a few moments, it's serious business for the buyers who are in a position to buy, and for the agents in a position to sell. Forbes says, “These are the most expensive residences in the country, with prices so astronomical that only a very small handful of very wealthy people could even dream about owning them.” On that note, care to imagine your what commission split would be on $55 million dollars? Let's just say you'd likely be an instant millionaire yourself!

So now, without further adieu, let's take a brief tour of the nation's most expensive homes (Forbes):

From the nautilus shell design of the $75 million home in Corona del Mar to the classic French Renaissance chateau that crowns one of New York's most luxurious hotels, this collection of current listings is truly breathtaking. Who tops this year's list? None other than “The Donald”, whose protégé Kendra Todd was assigned several years back to oversee the complete renovation of his flagship Maison de L'Amitie Palm Beach, Florida estate.

The other nine properties in the Top 10 include:

2. (tie) Corona del Mar, CA, $75 million: A triple oceanfront lot, Portabello Estate built in 2002 with eight bedrooms, ten full baths in nearly 30,000 sq. ft. of ultra-modern space with a dramatic grotto surrounded by chambers.

2. (tie) Bridgehampton, N.Y., $75 million: Over 60 acres of Hamptonsfarmland featuring a private USGA-rated Rees Jones golf course, 14 gardens, a 75-foot-long swimming pool and a guesthouse.

4. New York, N.Y., $70 million: Topping off one of New York 's most luxurious and prestigious hotels, this triplex includes a grand salon with 20-foot-high French doors and offers breathtaking views over the city.

5. (tie) Belvedere, CA, $65 million: Gorgeous vistas, herringbone floors and marble baths with six bedrooms, a 10,000-square-foot home with stunning views of San Francisco, Angel Island, the Golden Gate Bridge and the Bay.

5. (tie) Malibu, CA, $65 million: Seven acres of land with panoramic ocean views, sitting on its own bluff, this home offers two riding stables, a riding ring, swimming pool, tennis court and private access to the beach.

5. (tie) San Francisco, CA, $65 million: It's clad in French limestone and needs two more years of work. However, this Gold Coast palace is certainly exclusive--you won't even get a go-see without having $800 million in the bank. The dramatic neoclassical villa was sold two years ago for $32 million; neighbors on "billionaire's row" include the Getty family. Warwick Properties Group is handling the listing.

8. (tie) Brentwood, CA, $60 million: Lounging on 112 acres in the Santa Monica Mountains, this property offers a Robert Byrd-designed main house as well as separate guest houses, horse stables, riding trails, a swimming pool and a tennis court.

8. (tie) Lloyd Neck, N.Y., $60 million: This Tudor-style waterfront estate rests on a spacious 47 acres and features a protected cove, swimming pool, tennis court, pristine gardens and not one, but two helipads. The main house is 22,000 sq. ft. with an 11-bedroom staff house and a six-bedroom guesthouse.

10. New York, N.Y., $55 million: This neo-French Renaissance mansion sits five stories high. Originally built in 1896, the Upper East Side residence was once home to the son of Thomas Watson Jr., who built IBM into a powerhouse. Today, the limestone dwelling offers 14-feet ceilings and some 20,000 square feet of well-lit living space.

Not surprisingly, nine out of the 10 homes in the Top 10 are located in either New York or California. Markets which have historically been home to celebrities, financial executives, and tech industry players. And though the homes may be listed for sale, that doesn't mean just anyone can come take a look. In fact, one real estate firm gives new meaning to the term “pre-qualify”; as David Barrett, who represents the fifth-ranked San Franciscan house for Warwick Properties Group, explains, “You need to have $800 million just to see it, and at least once a week we get a prospective buyer who has that.

iSucceed Mentor Grabs the $20 Million Spot

Rubbing shoulders with agents holding $50-$125 million dollar listings, Kathy Toth of Real Estate One is the only iSucceed Mentor to make it onto Forbes' annual list of the most expensive homes. A featured mentor in the Tele-Seminar “Creative Strategies for Challenging Markets”, Toth has the distinction of holding the listing for an Ann Arbor property in her home state of Michigan, on the market for a cool $20 million. Nestled in the heart of Ann Arbor, this four-bedroom home features unparalleled privacy and breathtaking views, as well as lush landscaping bordering the swimming pool and racquetball court on the grounds. Adjacent to the home on the 120-acre estate lies a 12,000-square foot indoor riding arena, as well as a 6,000-square foot barn; truly a dream home for the equestrian enthusiasts.

As a special guest interview Kathy will be our featured weekly Tele-Seminar guest once again sometime in the next few weeks, where she will talk to us about what it takes to acquire a monster $20 million dollar listing, and even more importantly, how to get it sold. She'll cover both commission objections and length of listing objections, how marketing differs for multi-million dollar properties, why even luxury properties sometimes require a price reduction, and what agents can do to work their way into the luxury and high-end property market.

In the meantime, check out these Tele-Seminars with other iSucceed Mentors to help get your feet wet in the world of luxury home buying and selling:





References


External Links
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Real Estate Information Sources - Real Estate Articles
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