Vol 6 No. 40 - June 28, 2006
The most expensive homes
By Louise Bolger
SUN STAFF WRITER
Were headed into the lazy,
hazy, crazy days of summer, so maybe its time for a little
light reading. Who among us doesnt like to see how the
other half lives?
For the last six years Forbes magazine has analyzed real estate
listings around the country and ranked the 10 most expensive
homes on the market in the United States. The 2006 list ranges
from a low of $55 million to an all time high of $125 million.
All are either on the East Coast or West Coast five in
California, five in New York and one in Florida.
Leading the list is Donald Trumps home at the north end
of Palm Beach, listing for $125 million. The Donald doesnt
actually live here. In fact, it is totally devoid of furniture
in the 80,000 square feet of living space. There are 18 bedrooms
and 22 baths, three guest cottages and a conservatory on the
seven acres fronting on 500 feet of ocean.
The next two are both $75 million each on opposite ends of the
country. The home in Corona del Mar, Calif., has a unique nautilus
shell design with 8 bedrooms and 10 baths with 30,000 square
feet overlooking the Pacific Ocean. The other $75 million home
is in Bridgehampton, N. Y., on 60 acres with a 75-foot pool,
14 gardens and, naturally, a golf course.
If you prefer city living, the Pierre Hotel in New York City
has a nice little triplex for a mere $70 million with 20-foot-high
French doors, a wine cellar and marble stairway.
At $65 million, you have several choices a neo-classic
French, limestone palace in San Francisco; another San Francisco
home with 10,000 square feet, panoramic views of San Francisco
Bay and the Golden Gate Bridge; or seven acres on the ocean
in Malibu, Calif., with stables.
In Brentwood, California you can buy 112 acres in the Santa
Monica Mountains for $60 million and have your own stables and
riding trails. Or $60 million will also buy you a waterfront
Tudor home with 47 acres in Lloyd Neck on New Yorks Long
Island. By the way, this property is being marketed by the real
estate company I worked for; Im so proud.
And at the bottom of the list is an upper east side Manhattan
renaissance mansion for $55 million, with 20,000 square feet
and an impressive pedigree.
It appears that the rich are really different than the rest
of us. In addition to having more money, they arent even
affected by the real estate market to the same degree the rest
of the country is.
The National Association of Realtors, predicts that the national
median price for existing homes will rise 5.7percent this year,
which is a substantial decrease compared to last years
median of 12.7percent. This projection, however, doesnt
seem to have any influence on the 10 homes on Forbes list.
The average jumped from $58.1 million last year to $71.5 million
As youre napping pool side or stretched out on the sand,
dream about what it would be like to actually live in one of
the most expensive homes in the United States. Who knows, the
other half may actually be longing for your two bedroom two
bath on Anna Mari. Keep dreaming!
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