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Do your real estate dreams include white-sand beaches, blue water, palm trees, and a five-hour flight to virtually every major destination in Asia? You might want to consider Guam, a 30-mile-long island in the Pacific that is—aside from travel logistics—relatively simple for a U.S. resident to buy into.
There are no restrictions on mainlanders owning real estate in Guam, a U.S. territory (and America’s 32nd-largest island). People who do find a robust economy, natural beauty, and convenient travel to virtually anywhere in the Pacific Rim. Around 168,000 people currently call the island home.
If your heart’s set on going ultraluxe, the most expensive home for sale on Guam is an 8,100-square-foot mansion listed for nearly $6 million in the city of Tamuning, the island’s economic hub.
So how far does a multimillion-dollar house budget go on Guam?
Built in 2013, the modern, cliffside home is punctuated by an Olympic-size pool and glorious ocean views. Its high-end finishes make the home look and feel like a premium villa at a beach resort.
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The five-bedroom, eight-bath home is centered around an open-concept living room, with floating wooden staircases and glass railings. Large windows in virtually every room look out on Tumon Bay’s white-sand beaches and resorts.
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The kitchen has custom cabinetry, a double oven, gas stove, electric cooktop, and twin refrigerators. The basement is designed for entertaining, with a wine cellar, wet bar, gym, and recreation area with space for a pool table. The home has custom wood and stone work throughout, and a three-car garage.
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The house has been on and off the market since 2014, when it was originally listed it for $6.5 million.
Guam is one of five permanently inhabited U.S. territories—the other four are Puerto Rico, the U.S. Virgin Islands, Northern Mariana Islands, and American Samoa.
The island’s recent history has been punctuated by military conflict. The U.S. seized control of Guam in 1898 during the Spanish-American War, but lost it in 1941, when Japanese soldiers invaded the island and held it for three years during World War II.
U.S. soldiers recaptured the island, eventually building two military bases and several smaller military installations.
Today, the military controls about a third of the island, and reminders of its presence are everywhere: The main highway is named Marine Corps Drive, and one of the island’s most popular destinations is the War in the Pacific National Historic Park, which features battlefields, trenches, and decommissioned military equipment.
The post Haute Territory: Guam’s Most Expensive Home Is a $6M Cliffside Mansion appeared first on Real Estate News & Advice | realtor.com®.
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