All articles tagged with #luxury real estate
Mariah Carey’s Tribeca triplex at the Franklin Tower is on the market for $27 million, spanning about 12,700 square feet with eight bedrooms and seven baths, featuring Empire State Building views, a rooftop terrace, and luxe touches like Marilyn Monroe’s piano and butterfly decor; the space could be redeveloped or kept as a single residence, with roughly $18.6 million in loans and about $17,000 monthly HOA dues.
Three brothers—Oren, Alon, and Tal Alexander—prominent luxury real estate brokers—were convicted of sex trafficking after a five-week New York trial, with prosecutors alleging they drugged and raped dozens of women lured to luxury trips; 11 women testified about assaults in destinations including the Hamptons, a Caribbean cruise, and Aspen, while defense argued any sex was consensual and memories disputed; lawsuits against the family continue.
A duplex penthouse atop the new 74 condominium on Manhattan’s Upper East Side sold in a private deal for $25 million. The four‑bedroom top‑two‑floor unit measures 5,264 interior square feet plus 1,600 square feet of exterior space and features a 70‑foot terrace with Central Park views. The 32‑story tower by Elad Group, designed by Pelli Clarke & Partners with interiors by Rafael de Cárdenas, is nearing completion. The sale is the building’s priciest to date, brokered by Barbara Russo, with public records not yet reflecting the closing and other units ranging from $1 million to $12.39 million.
Gene Hackman’s longtime Santa Fe, New Mexico estate—a 53-acre luxury property with a three-bedroom main residence, guest house, putting green, lap pool and extensive woodlands—sold within days of listing for $6.25 million after Hackman and his wife Betsy Arakawa’s passing last year.
A New York federal trial has begun for Oren, Tal, and Alon Alexander on a 12-count sex-trafficking indictment alleging a decade-long scheme to drug, assault, and rape dozens of women connected to their luxury real estate empire; the defense says some encounters were consensual. At least eight accusers are expected to testify, including a 16-year-old, with potential sentences of 15 years to life if convicted. The brothers, held since December 2024, deny all charges as pretrial disputes over evidence and witness anonymity unfold under Judge Valerie Caproni.
Oscar-winning actor Gene Hackman and his wife Betsy Arakawa's 53-acre Santa Fe estate, completed in 1997 and offering views from the Jemez Mountains to Colorado, has been listed for about $6.3 million. The property includes a main residence, a guesthouse and studio totaling roughly 13,000 square feet with four bedrooms, seven full bathrooms, a fireside living room with glass walls, and multiple living spaces within the gated Santa Fe Summit community. Hackman and Arakawa lived there in the 1990s until their deaths in early 2025; brokers say the home's tragic history may deter some buyers but its features and setting remain the selling points.
Boston’s luxury market above $10 million stayed robust through the holidays, led by Back Bay, Beacon Hill, and Cambridge. Notable listings include 22 Brimmer Street (~$11.5M), 153 Brattle Street ($15.8M), 126 Marlborough Street ($10.8M), and the 397 Commonwealth Ave penthouse ($15M). Buyers—often older couples from other cities—continue to seek turnkey brownstones and premium amenities such as elevators, private outdoor spaces, and roof decks as demand remains concentrated in high-end, well-located properties.
Paris Hilton, despite her substantial net worth, took out a $43.75 million mortgage on her $63 million Beverly Hills mansion, a common strategy among the ultrawealthy to maintain liquidity and invest in higher-yield opportunities, rather than paying cash upfront.
Paris Hilton, despite her substantial net worth, took out a $43.75 million mortgage on her $63 million Beverly Hills mansion, a move that aligns with the financial strategy of many ultra-wealthy individuals who prefer to keep liquidity available for investments and other ventures rather than paying cash upfront, illustrating that leveraging debt can be a smart financial decision even for the extremely wealthy.
Paris Hilton, despite her substantial net worth, took out a $43.75 million mortgage on her $63 million Beverly Hills mansion, a move that aligns with the financial strategy of many ultra-wealthy individuals who prefer to keep liquidity and leverage their assets for higher returns, rather than paying cash upfront.
Larry Ellison has invested $450 million in Florida's Manalapan, transforming it into a hub for the ultra-wealthy by acquiring landmark properties including a $173 million estate and the Eau Palm Beach Resort & Spa, positioning the town as a premier luxury destination near Mar-a-Lago.
The success of Formula One is influencing luxury real estate, with developers incorporating F1 simulators as premium amenities in high-end condos, especially in South Florida, to attract buyers and differentiate their properties.
Diane Keaton's former Beverly Hills Spanish Colonial Revival home, designed in the 1920s and renovated by Keaton, has been listed for sale at $25 million, featuring six bedrooms, nine baths, and luxurious amenities on nearly half an acre.
Mark Wahlberg purchased a $37 million, fully furnished luxury estate in Delray Beach, South Florida, featuring amenities like a home theater, cigar lounge, saltwater lagoon pool, and tennis court, marking his first residence in Florida after living in Las Vegas and Beverly Hills.
The Encino Hills mansion featured in 'The Karate Kid' has been extensively remodeled into a modern, open-concept home with floor-to-ceiling windows and a double-height entryway, and is now listed for sale at $5.85 million, significantly increased from its 2023 sale price of $2.8 million.