NEW YORK, NY -- This Year's #1 Most-Expensive Home for Sale Nearly Double the Price of Last Year's
Donald Trump's $125 Million Palm Beach Estate Tops Ultimate Homes 2006 List; New York Has Most Mega-Priced Properties for Sale, California Comes in Second and Florida Takes Third Place Slot On newsstands today is the second annual issue of Ultimate Homes magazine, which features the 1,000 most-expensive properties currently for sale in the U.S. -- totaling over a staggering $13 billion. This year's top spot belongs to none other than Donald Trump's $125 million Palm Beach "Billionaire's Row" mansion, and breaks last year's record of $75 million for the most-expensive home to hit the U.S. market.
Donald Trump's mansion in Florida is in good company -- the state has the third highest number -- 174 -- of Ultimate Homes on the market. California takes the second spot with 183 Ultimate Homes, and Colorado rounds out the top four with 92. Which state has the most Ultimate Homes? New York with 333 -- mostly located in Manhattan and the Hamptons.
Other highlights from second annual issue of Ultimate Homes:
-- There are now one million homes valued at over $1 million dollars in
the U.S.
-- The number of luxury real estate agents associated with the 1,000
properties: almost 700 agents
-- Smallest state (geographically) with the most Ultimate Homes:
Connecticut (38)
-- City with the most Ultimate Homes: New York City
"We not only wanted to make the second annual issue bigger and better than last year's, but also to reflect the recent growth at the highest end of the luxury real estate market. So this issue boasts more homes and bigger price tags," said Rick Goodwin, Publisher of Ultimate Homes and its luxury real estate sister publication, Unique Homes. "Demand for these homes will be there," Goodwin explains. "The nine figure price-tag for the Trump property is indicative of a new scale of consumption -- one where billionaires are concerned with differentiating themselves from mere millionaires."
The exclusive list of the most elite properties includes:
Number Eleven: $53 million -- Medina, WA
This Medina home in Washington State boasts 5.42 acres, a 114-foot dock and 372 feet of waterfront access.
Number Six: $65 million -- Malibu, CA
Live like a movie star or mogul in Malibu, California, on a seven-acre private bluff in a gated community, with panoramic ocean views, a riding ring and private road to the beach.
Number Four: $65 million -- San Francisco, CA
Breathtaking views of the Golden Gate Bridge, San Francisco and the Bay accent this 1.1-acre Belvedere, California, estate.
Numbers Two and Three: $70 and $75 million -- New York, NY and Bridgehampton, NY
Two New York gems vie for second and third place. One, located in Bridgehampton, secures the #2 spot with a $75 million asking price for its U.S.G.A.-rated golf course, 14 gardens, waterfront views and more than 20,000 square feet of living space. For city dwellers, there's the #3 home, a penthouse atop the Pierre Hotel in New York City, listed at $70 million -- the highest-ever asking price for a Manhattan apartment.
Number One: High atop the list at $125 million is Donald Trump's Palm Beach estate, nestled on six acres with 475 feet of Atlantic Ocean beachfront. In addition to its 15 bedrooms and 14 baths, the mansion has a 4,100-square-foot conservatory, media room, library and 94-foot-long pool. Also on the property are two other pools and three large guest houses.
COMPLETE LIST OF TOP TWELVE MOST EXPENSIVE HOMES ON THE MARKET IN U.S.
No. 1 -- Maison de l'Amitie (Palm Beach, FL) -- $125 Million
No. 2 -- Three Ponds Farm Estate (Bridgehampton, NY) -- $75 Million
No. 3 -- The Penthouse at the Pierre (New York, NY) -- $70 Million
No. 4 -- Belvedere, CA -- $68 Million
No. 5 -- Beverly Hills, CA -- $65 Million
No. 6 -- Malibu, CA -- $65 Million
No. 7 -- Robert Taylor Ranch (Brentwood, CA) -- $60 Million
No. 8 -- Sierra Star (Lake Tahoe/Incline Village, NV) -- $60 Million
No. 9 -- Trump World Tower Penthouse - (New York, NY) -- $58 Million
No. 10 -- Upper East Side (New York, NY) -- $55 Million
No. 11 -- Medina, WA -- $53 Million
No. 12 -- Bel Air, CA -- $53 Million
So just who is buying these mega mansions? A recent survey of upper-tier residential brokers by Unique Homes reveals the majority of million-dollar-plus buyers are entrepreneurs (76%), who pay in all-cash (54%), and collect art (74%), cars or antiques (both, 63%) and wine (54%).
Other findings from the study include:
-- Spanish/Mediterranean ranked as the most desired style of luxury home
today
-- Desirable location (87%) is the trait most likely to differentiate an
$8 million-plus home from one that is only a few million
-- Luxury brokers report that when working with married couples, the wife
has more say in the decisions to purchase
-- Once hot-button amenities now out of favor with luxury buyers include
Jacuzzis/hot tubs, marble and granite, and media rooms
-- The majority (53%) of upper-tier brokers said an Ultimate Home -- e.g.
a home priced at $8 million or above -- takes up to 19 months on
average to sell
-- The majority of NYC brokers surveyed said the starting level for luxury
in Manhattan is $2 million; the majority of Dallas brokers said it's
$1 million in their market, while in San Diego, brokers cited
$3 million as the starting level for luxury
In addition to the list of the most-expensive properties for sale, Ultimate Homes identifies the country's top luxury agents, and gives readers unparalleled insight into news, trends and hot spots in the luxury real estate market.
"Ultimate Homes has established itself as a natural extension to the Unique Homes magazine brand, and as the resource for those looking to own a one-of-a-kind luxury property. We look forward to continuing to seek out the most impressive luxury homes across the United States, and bringing them to our readers," says Goodwin.
About Ultimate Homes:
Ultimate Homes 2006 is the second annual issue from the publishers of the leading luxury real estate magazine, Unique Homes. While the first annual issue ranked 850 properties ranging in price from $8 million to $75 million, this issue has added an additional 150 properties. To purchase a copy of Ultimate Homes, visit your nearest bookstore or newsstand, or log onto http://www.uniquehomes.com/ for more information.
Source: Ultimate Homes
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| Notes:
CONTACT: Robin Dolch, Robin@TMGpr.com, or Jennifer Houston,
Jennifer@TMGpr.com, both of TMG Public Relations, +1-212-750-5755, for
Ultimate Homes
Web site: http://www.uniquehomes.com/
About This Release
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