Luxury homes increasingly used as chic party houses

TRD New York /
Dec.December 29, 2013 02:00 PM

Luxury real estate isn’t just for living. Some well-heeled buyers scoop up multi-million dollar abodes and use them exclusively as party houses. 

Take Sachiko Kuno and Ryuji Ueno, the owners of two of the largest historic houses in the Georgetown neighborhood of Washington. Despite paying a combined $33 million for the homes, the Japanese-born couple lives in neither. The properties, known as Evermay Estate and Halcyon House, are used instead for concerts, parties, debates and even Easter egg rolls.

And Kuno and Ueno are not the only buyers snatching up expensive party pads. According to the Wall Street Journal properties used purely for parties are a small but growing segment of the real-estate market.

“In the past few years, there has been a big increase in people who want a unique place for their wedding or party,” Jamie Ehrsam, whose EstateWeddingsandEvents.com site lists luxury homes available for rent ranging from $3,500 to $30,000 per day, told the Wall Street Journal. “They want to get out of the hotel ballroom.” [WSJ] Christopher Cameron


Related Articles

arrow_forward_ios
Here are the week’s top luxury sales

Here are the week’s top luxury sales

Here are the week’s top luxury sales
Clockwise from left: John D. Rockefeller, Izzy Englander, Steven Mnuchin, David Koch, Jacqueline Bouvier, and William Zeckendorf (Credit: Getty Images and StreetEasy)

For 15 years, David Koch lived at the world’s “richest building”

For 15 years, David Koch lived at the world’s “richest building”
Here are the week’s top luxury sales

Here are the week’s top luxury sales

Here are the week’s top luxury sales
217 West 57th Street with Extell Developement's Gary Barnett and Corcoran's Pamela Liebman (Photos via Extell; Barnett via Anuja Shakya)

Extell brings on Corcoran Sunshine to help market Central Park Tower

Extell brings on Corcoran Sunshine to help market Central Park Tower
1 Prospect Park West and 557 9th Street in Park Slope (StreetEasy; Google Maps)

Park Slope homes lead Brooklyn’s luxury deals this week

Park Slope homes lead Brooklyn’s luxury deals this week
389 Bergen Street and 219 Jefferson Street (Google Maps)

Nearly $30M in Brooklyn luxury contracts signed last week

Nearly $30M in Brooklyn luxury contracts signed last week
76 Schermerhorn Street and 378 5th Street in Brooklyn (Photos via The Symon and StreetEasy)

It’s just one week, but Brooklyn luxury contract signings fell 50%

It’s just one week, but Brooklyn luxury contract signings fell 50%
209 Dean Street and 315 Adelphi Street (Google Maps)

Sprawling Brooklyn townhouses drive week’s priciest deals

Sprawling Brooklyn townhouses drive week’s priciest deals
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...