realtor.com
Every week, we look for signs of any slowdown in the luxury market. And every week, we watch as multiple properties with list prices over $20 million soar into view.
It looks like the upper-end housing parade isn’t about to end any time soon. This week, National Association of Realtors® chief economist Lawrence Yun cited no reason for concern in the residential real estate market.
“We may be reaching the turning point at least in terms of sales activity, but not pricing,” said Yun.
Further evidence? As we count down the most expensive new listings on realtor.com®, five more properties hit the market this week—all with price tags over $23 million. The top spot goes to a Palm Beach County mansion that was on the market last year for $37.5 million. It has returned—not with a price reduction—but with an $11 million price hike. It’s quite a turning point!
The rest of this week’s expensive new listings are equally impressive. They include a Beverly Hills estate (with a price cut!), a waterfront Fort Lauderdale mansion with a psychic connection, an O.C. villa overlooking the ocean, and a full-floor unit at the Baccarat in midtown Manhattan.
Don’t burst our bubble. Simply scroll down to get a look at this week’s priciest pads.
1. 1370 S Ocean Blvd, Manalapan, FLPrice: $48,900,000 ($1,417 per square foot)
Luxe factor: Casa Brisas hit the market last year for $37.5 million. At the time, the home wasn’t finished and the listing agent said the price would only go up once work was completed. Well, that time is now. The Balinese-style nine-bedroom mansion in Palm Beach County is back with a hefty $11 million price hike. Right next to the Atlantic Ocean, the home features a stunning walk-in wardrobe and two garages—one for your daily driver, the other for your exotic car collection.
Manalapan, FL
realtor.com
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2. 917 N Crescent Dr, Beverly Hills, CAPrice: $32,000,000 ($2,120 per square foot)
Luxe factor: This newly renovated estate in the 90210 was on the market last year at a list price of $38 million. Back with a $6 million price reduction, the six-bedroom mansion sits right next door to the Beverly Hills Hotel. We’re in love with the estate’s 20-seat theater and the amazing full-size snack bar accompanying it. Property records indicate the home belongs to Nile Niami, the developer behind the $500 million spec house being built in nearby Bel Air.
Beverly Hills, CA
realtor.com
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3. 2501 Mercedes Dr, Fort Lauderdale, FLPrice: $27,500,000 ($2,959 per square foot)
Luxe factor: Not just any old dock will do here. This mansion features a wraparound dock for parking your luxury sea craft or just watching the boats sail by on their way out of the harbor. Featuring nine bedrooms spread over three levels of living space, the home also has an elevator. And then there’s the Miss Cleo connection! The stunning home belongs to Steven Feder—co-founder of the Psychic Readers Network—who has a prolific past in real estate.
Fort Lauderdale, FL
realtor.com
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4. 19 Lagunita Dr, Laguna Beach, CAPrice: $25,000,000 ($5,102 per square foot)
Luxe factor: Overlooking the Pacific Ocean, this mansion is just steps away from the sand. And this being Orange County, the four-bedroom home is in a private, gated community. The estate a couple of doors down just sold for $12.2 million, so it’ll be interesting to see if this villa can double the price.
Laguna Beach, CA
realtor.com
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5. 20 W 53rd St Apt 47, New York City, NYPrice: $23,800,000 ($5,223 per square foot)
Luxe factor: It’s a full floor of your very own at the Baccarat Hotel & Residences. The four-bedroom unit features floor-to-ceiling windows allowing for views of most of NYC, including Central Park and the Empire State Building. Plus, the lucky buyer will have access to all the amenities of the hotel, including the spa and pool.
New York City, NY
Douglas Elliman
The post No Luxury Slowdown in This Week’s Most Expensive New Listings appeared first on Real Estate News and Advice - realtor.com.
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