So how much do you think a very expensive home cost?
If you thought it was a few tens of millions of dollars, you need to get your thoughts more modern, for the uber-rich highest priced house in the US is a whopping 165 million $.
Called the Beverly Hills, its entry into the for-sale market July 9 merited a media stir because its $165 million asking price makes it the most expensive property in America.
While the rest of American real estate is at best struggling to survive, the very top end of the market is hotter than ever, according to those in the know. There are at least half a dozen homes in America for sale at $100 million and up!
Beverly House, is the former home of publishing legend William Randolph Hearst that has been owned for the last 30 years by attorney-investor Leonard M. Ross. It's price was better than a Bozeman, Mont., ski aerie that costs $155 million...the richie rich house list goes on to include the Aspen, Colo., "ranch" of a Saudi prince ($135 million); Donald Trump's oceanfront manse in Palm Beach, Fla. ($125 million); a residence modeled after Versailles in the Holmby Hills neighborhood of Los Angeles (also $125 million); and a 210-acre Lake Tahoe, Nev., estate ($100 million).
The number of potential purchasers with such wealth isn't big, but it's big enough to be the size of a small-town phone book!
The rate at which the billionair club is swelling, that small-town book might well be a pretty large town book before long!
Read the full story from here @ Chicago Tribune, Jul 29, 2007
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