Record Luxury Homes Sales
With surge in real estate prices and the extra time spent indoors, our homes are more important to us than ever. As the pandemic continued, luxury home inventory decreased and demand increased, creating the perfect real estate atmosphere for record-breaking home sales. Let’s look at some of the most expensive luxury home sales in the past year and even in our area.
PHOTO: GOOGLE EARTH
In February of 2021, a mansion that was once owned by former President Donald Trump sold for $122.7 million in Palm Beach, Florida. The lavish, oceanfront spec home was built in 2020 and spans over 21,000 square feet. It has eight bedrooms, eight full bathrooms, and nearly 200 feet of ocean frontage. Indoors, there are amenities such as a bar, a wine cellar, a game room, a beauty salon, and a gym. Outside of the home, the two-acre grounds include a pool complete with outdoor movie theater.
PHOTO: JIM BARTSCH, THE WALL STREET JOURNAL
Next in line from last year is the 19,000 square foot home in Bel-Air, California, bought by Coinbase CEO Brian Armstrong. This $133 million home sits on 4.6 acres in one of the wealthiest areas of Los Angeles. The property includes a home theater, a gym, a spa, a double-height kitchen, and a 6,600 square foot, five-bedroom guest house. Between the two homes, there are 10 bedrooms and thirteen bathrooms.
PHOTO: GOOGLE EARTH
The most expensive American home bought in 2021 sold for $177 million. The 7-acre estate along the Malibu, California coast was bought by American entrepreneur, inventor, and software engineer Marc Andreessen and his wife. Located above Paradise Cove, this property includes the main 10,000 square foot home, two guesthouses, gardens, a poolside cabana, and a caretaker’s quarters.
Washington state may not have the record home sale but there is no shortage of luxury homes. In the Seattle area, the most expensive home is the $45 million ultra-modern mansion once owned by Barney A. Ebsworth, an American corporate executive and avid art collector. It sits on Lake Washington in Hunts Point with 300 feet of prime waterfront, a private boat dock, and a rooftop deck. The aspect that makes this home especially remarkable is Ebsworth’s love of art. His personal collection included influential artists such as Georgia O’Keeffe, Jackson Pollock, and Edward Hopper. At his death in 2018, this collection sold for more than $317 million.
These homes are certainly impressive, and some may say extravagant, but in the last few years it’s become more apparent that the cost of a house or property has very little to do with whether it is a home or not. The cabanas, spas, and gardens are undoubtedly fun, but home means something more than that. From the wise words of L. Frank Baum, author of The Wonderful Wizard of Oz:
Take a look at more of the most expensive real-estate sales of 2021: Forbes – The Most Expensive U.S. Real Estate Sales For 2021