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Luxury Real Estate

All articles tagged with #luxury real estate

Morgan Stanley Legend’s $80M Upper East Side Fortress Sets New Manhattan Townhouse Benchmark
real-estate21 hours ago

Morgan Stanley Legend’s $80M Upper East Side Fortress Sets New Manhattan Townhouse Benchmark

Former Morgan Stanley CEO John Mack and his wife Christy have listed their 16,000-square-foot Upper East Side mansion at 165 East 70th Street for $80 million. If sold at this price, it would surpass the 2019 record of $77.1 million for the most expensive Manhattan townhouse. The couple purchased the distressed carriage house in 2009 for $13.5 million and spent six years renovating it into a fortified, move-in-ready residence before retiring to North Carolina.

Thiel Acquires Bel-Air’s Casa Encantada in $130M Foreclosure Deal
real-estate10 days ago

Thiel Acquires Bel-Air’s Casa Encantada in $130M Foreclosure Deal

Peter Thiel has been identified as the secret buyer of the historic Bel-Air estate Casa Encantada, which sold for $130 million in a July foreclosure auction. The 1938 mansion, previously owned by telecom mogul Gary Winnick, is the most expensive home sale in Los Angeles this year. Thiel, who does not plan to reside there, views the property as an investment to be upgraded, adding it to a global real estate portfolio that includes homes in Miami, Washington DC, and Buenos Aires.

Napoleonic-Fort Private Island Near Venice Lists for $7.5M
real-estate1 month ago

Napoleonic-Fort Private Island Near Venice Lists for $7.5M

Crevan, a private island in the Venice lagoon, features a Napoleonic-era fortress that has been converted into a small villa. The property, with an internal canal and two private boat moorings, is listed for $7.5 million by Lionard Luxury Real Estate. Restored in 1996, the island offers four principal rooms and two bathrooms and sits near the islands of Torcello, Murano and Burano, with potential to expand caretaker quarters into a larger home. The fortress was built in 1806 as part of the Venetian Lagoon defense and remained in private residential use after Italy unified in 1866.

California Governor Lists Sacramento-Area Mansion for $7.5M with Wine Cellar and Wellness Oasis
politics1 month ago

California Governor Lists Sacramento-Area Mansion for $7.5M with Wine Cellar and Wellness Oasis

California Gov. Gavin Newsom and Jennifer Siebel Newsom have listed their 12,000-square-foot Fair Oaks estate for $7.5 million. The eight-acre, gated property features a resort-style pool, private casita, a 5,000-bottle wine cellar, a spa-like primary bathroom and a private wellness oasis, among other luxury amenities; they bought it in 2018 for $3.7 million via an LLC tied to Newsom’s cousin. Their finances have recently drawn federal scrutiny amid probes into taxes and related issues.

Harry and Meghan May Sell Montecito Estate as Costs Mount
business1 month ago

Harry and Meghan May Sell Montecito Estate as Costs Mount

Reports suggest Harry and Meghan may list their 7.38‑acre Montecito estate due to soaring annual costs, with a mortgage around $40k–$43k per month plus about $150k in property taxes and other upkeep, pushing fixed costs beyond $650k a year. They bought the 18,000‑sq‑ft home in 2020 for roughly $14.65m with a $9.52m adjustable‑rate loan that could rise to 7.49% by 2030, and brokers say a sale could fetch roughly $65–75m (potentially off‑market). The couple is relocating to the UK but intends to keep this California property and their Portugal vacation home.

Grok co-founder tied to Bay Area’s record-setting $70M estate sale
technology1 month ago

Grok co-founder tied to Bay Area’s record-setting $70M estate sale

Tony Wu, co‑founder of xAI and Grok, is linked to a record $70 million Hillsborough estate—the Bay Area’s biggest home sale—featuring a lakeside Italian‑villa style design, a 12,000 sq ft main house, a 4,600 sq ft guest house, and a sports complex. The property sold to Daikon no Hana Capital LLC, with Wu’s ties to OpenAI/DeepMind and SpaceX’s xAI highlighted as evidence of AI‑driven wealth reshaping Northern California luxury real estate.

Seann William Scott lists Balinese-inspired Malibu retreat for $17.5 million
real-estate2 months ago

Seann William Scott lists Balinese-inspired Malibu retreat for $17.5 million

Actor Seann William Scott has re-listed his Malibu retreat, the Balinese-inspired Vanaya House, for $17.5 million—down from $17.85 million. The 4,100-square-foot, five-bedroom, 4.5-bath estate sits on about 1.5 acres above Zuma Beach and features a resort-style pool, tennis court, water views and expansion-ready space; listed by Sam Plouchart of Christie’s International Real Estate Southern California.

Foreign Buyers Pull Back as U.S. Home Market Faces Visa Headwinds
business2 months ago

Foreign Buyers Pull Back as U.S. Home Market Faces Visa Headwinds

The National Association of Realtors reports foreign buyers purchased about 67,100 U.S. homes in the year through March 2026, down 14% in units and 19% in dollar volume, with a median price of $465,000. The decline mirrors softer international travel and a weaker dollar, though the luxury segment remains buoyant in places like Irvine. The biggest drop is among H-1B and other employment-based buyers; Canadians remain the largest foreign-share purchasers, Chinese buyers have fallen to third in transactions but still spend the most on high-end homes, and Florida continues to attract the most international buyers.

NYC’s New Pied-à-Terre Tax Sends Luxury Real Estate Market Reeling
real-estate2 months ago

NYC’s New Pied-à-Terre Tax Sends Luxury Real Estate Market Reeling

New York City’s pied-à-terre tax on second homes over $5 million, starting at 4% and rising to 6.5% in Phase 1, is chilling high-end buyers and prompting price recalibrations, with some buyers targeting sub-$5 million units and co-ops—often more favorable under the threshold—seeing renewed activity. While rentals in ultra-luxury towers remain robust, analysts argue the tax reduces market velocity and could harm city tax revenue, despite some developers and buyers adjusting strategies to navigate the new rules.

Gondola-Adjacent Steamboat Mansion Relisted for $13.95M
real-estate2 months ago

Gondola-Adjacent Steamboat Mansion Relisted for $13.95M

A six-bedroom, 11,317-square-foot stone estate in Steamboat Springs, directly beside the Steamboat Gondola, has returned to the market for $13.95 million. Completed in 2009 after a six-year build, the home blends mountain lodge and European manor aesthetics with handcrafted details, including a 20-foot range hood and recycled chairlift-cable accents. Highlights include two main-floor primary suites, a climate-controlled wine cellar for 2,000+ bottles, a private theater, indoor shooting range, hot tub, expansive decks, three laundry rooms, and a Savant smart-home system, all with panoramic mountain and gondola views. Its location offers ski access, outdoor recreation, dining, and easy proximity to downtown, making it a true legacy estate that’s difficult to recreate.

Batman-era mansion in Pasadena lists for $32 million with hidden upkeep costs
real-estate2 months ago

Batman-era mansion in Pasadena lists for $32 million with hidden upkeep costs

Pasadena’s 1920s Tudor that served as Wayne Manor in the Batman TV series is back on the market at $32 million. The 19,000-square-foot estate has seven bedrooms, 11 bathrooms, a home theater, pickleball court and outdoor pool, but owners should budget $300,000–$600,000 annually for upkeep, staff and security, plus the privacy tradeoffs of living in a Hollywood-history hotspot.

The Luxury Realtor Uniform: Botox, Designer Wardrobes, and the Cost of Perception
real-estate3 months ago

The Luxury Realtor Uniform: Botox, Designer Wardrobes, and the Cost of Perception

Luxury real-estate agents across the U.S. describe spending on Botox, skincare, wardrobes, and styling as part of a professional “uniform” aimed at projecting a high-end image to attract wealthy clients and fuel online branding. The trend is amplified by social media and reality TV, with several agents citing six-figure fashion and skincare investments and others warning that presentation helps open doors but doesn’t guarantee sales.