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Luxury Homes

All articles tagged with #luxury homes

AI hype and looming IPOs turbocharge San Francisco Bay Area luxury housing
business1 month ago

AI hype and looming IPOs turbocharge San Francisco Bay Area luxury housing

Luxury-home sales in the San Francisco Bay Area surged in the first half of the year (SF-area luxury up 39.3%; Oakland upper-market up 13.3%; middle-market up 3.9%), as high‑income tech workers push prices higher and compete aggressively. The surge comes as AI firms’ potential public offerings—OpenAI and Anthropic—could bring sizable windfalls, with Redfin estimating IPO gains could buy roughly a third of San Francisco homes. The Bay Area’s urgent bidding climate is reflected in local deals (e.g., a five‑bedroom Orinda home sold for $3.3M on a $3.5M ask). Nationwide, luxury sales in many metros are outpacing or declining less than middle‑market sales (in 44% of the 50 largest metros).

via AP News|
#ai#business#ipo
Staten Island’s White House-style mansion hits the market for $13.995M
real-estate1 month ago

Staten Island’s White House-style mansion hits the market for $13.995M

Infamous Gambino boss Paul Castellano’s White House–style Todt Hill mansion on Staten Island is back on the market for $13.995 million (down from $18 million). The 33,000-square-foot estate on about 1.56 acres features eight en‑suite bedrooms, 17 bathrooms, 25 rooms, two kitchens, indoor and outdoor Olympic-sized pools, a 13-car garage, home theater, gym, beauty salon, wine cellar, solarium and Verrazzano Bridge views; the current owner has expanded and upgraded it since Castellano’s era.

via New York Post|
#luxury-homes#mob-history#paul-castellano
AI Winds Fuel a White-Hot San Francisco Home Market
real-estate4 months ago

AI Winds Fuel a White-Hot San Francisco Home Market

San Francisco’s housing market is surging on a wave of AI-driven wealth from OpenAI, SpaceX and Anthropic IPOs, triggering record prices and fierce bidding wars in luxury neighborhoods while supply remains tight; entry-level markets lag as high-end buyers with stock-backed wealth push prices higher, a pattern analysts say reflects the broader, uneven AI-powered economy and could hint at similar frenzies in other cities.

via Business Insider|
#ai#housing-market#luxury-homes
Henderson Megamansion Linked to NFL Star Lists for $14.95M
real-estate6 months ago

Henderson Megamansion Linked to NFL Star Lists for $14.95M

A Henderson, Nevada megamansion just outside Las Vegas—spanning about 18,000 square feet, with curved roof lines and a pedestrian bridge entry—hit the market for $14.95 million. Built in 2012 for a pro athlete and publicly linked to former NFL running back Steven Jackson, the eight-bedroom estate features a two‑story walk‑in closet, a great room, chef’s kitchen, wine room, theater with a stage, gym, basketball court, pool, and coveted Strip views. The current owners bought it for $10.25 million in 2024.

via Mansion Global|
#henderson#las-vegas#luxury-homes
Quincy Jones’s Domed Bel-Air Mansion Takes Another Price Cut to $39.995M
real-estate6 months ago

Quincy Jones’s Domed Bel-Air Mansion Takes Another Price Cut to $39.995M

Quincy Jones’s domed Bel-Air megamansion has been discounted again, now asking $39.995 million after two prior reductions since May 2025. The 24,920-square-foot, 2.3-acre estate—built in 2002—features a central domed atrium, rotundas, an infinity pool with 270-degree views, a six-bedroom main house with guest wings, a separate two-bedroom residence and extensive entertainment spaces; Jones died in 2024 and the property is listed by Compass.

via Mansion Global|
#bel-air#los-angeles#luxury-homes
Turks and Caicos Beachfront Villa Heads to No-Reserve Auction at $50M
real-estate7 months ago

Turks and Caicos Beachfront Villa Heads to No-Reserve Auction at $50M

Fabrice Grinda’s Triton Luxury Villa in Turks and Caicos — a 7-acre, 18,300-square-foot estate with 15 bedrooms, a main house, four guest bungalows, staff housing, four sport courts, two pools and planned solar panels — is heading to a no-reserve live auction on April 17 for $50 million, after Grinda bought it in 2019 for $11.5 million and spent more than $30 million renovating; the property has hosted reality-TV casts and has nightly rentals around $8,000, with the listing originally asking $30 million in 2022 before moving to auction to speed sale.

via Mansion Global|
#auctions#beachfront-property#luxury-homes
East Hampton Megamansion Sells for About $85M, Woven in Fitzgerald and Kennedy Lore
real-estate8 months ago

East Hampton Megamansion Sells for About $85M, Woven in Fitzgerald and Kennedy Lore

A 3.6-acre East Hampton estate on Dune Road, known as Dune Cottage, with a 14,000-square-foot main house, a two-bedroom guest house, 225 feet of ocean frontage and a dune-top setting, went under contract for about $84.9 million (roughly $85 million) after being listed for $120 million in 2024. The property, tied to F. Scott Fitzgerald and Sara Murphy and once connected to Jacqueline Kennedy Onassis’s sister Lee Radziwill, was rebuilt by Ann Tenenbaum and late Thomas H. Lee following a 2013 fire, marking a notable sale in the Hamptons luxury real estate market.

via Mansion Global|
#f-scott-fitzgerald#hamptons#jacqueline-kennedy-onassis
Required Salaries to Afford Living in America's Top 10 Costliest Cities
real-estate9 months ago

Required Salaries to Afford Living in America's Top 10 Costliest Cities

The article discusses the 10 most expensive ZIP codes in the U.S., highlighting that these areas, often oceanfront and gated, command multimillion-dollar estates. Newport Coast, California, is the most expensive, with a median listing price of $11.8 million and an estimated required income of over $2.3 million to afford a home there, based on the 30% rule. These markets attract ultra-wealthy buyers, often purchasing with cash, and are driven by scarcity, privacy, and proximity to major economic hubs.

via Yahoo Finance|
#expensive-cities#housing-affordability#luxury-homes
Catherine Zeta-Jones Defends Her Four-Home Portfolio as 'Not Excessive'
entertainment1 year ago

Catherine Zeta-Jones Defends Her Four-Home Portfolio as 'Not Excessive'

Catherine Zeta-Jones and Michael Douglas own four homes, including properties in New York, Bermuda, and Quebec, valued at around $30 million, which she claims is not excessive. Despite her modest claim, the combined value significantly exceeds the median income in New York, highlighting their substantial wealth, partly inherited and partly earned.

via HuffPost|
#catherine-zeta-jones#celebrity#entertainment