Home sales above $100M cropping up – but not in NYC

Recent $147M Hamptons buy snags U.S. record, part of “global trend”

TRD New York /
May.May 05, 2014 03:00 PM

A growing number of luxury home sales are topping the $100 million mark. But so far, the ultra-pricey boom has yet to penetrate New York City.

An 18-acre oceanfront estate in East Hampton sold for $147 million over the weekend, snagging the most expensive residential property sale in the country to date. The deal followed the pricey purchase of another Big Apple neighbor — Copper Beech Farm in Greenwich, Conn., for a reported $120 million — by just a few weeks.

“The trophy property phenomenon is not abating,” Jonathan Miller, president and CEO of appraisal firm Miller Samuel, told CNBC. “And this is a global trend, this is not unique to the U.S.”

Yet prior to these New York-area high-end sales, along with a $102 million buy in Los Angeles a few weeks ago, only two home sales in the U.S. topped the $100 million mark. And while the Zeckendorfs’ 520 Park Avenue project is planning a $100 million penthouse, no Big Apple sales have yet managed to reach six digits. [CNBC] Julie Strickland


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
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
Andre Balazs  and 158 Mercer Street (Getty; Google Maps)

André Balazs lists lavish Soho condo for $12M

André Balazs lists lavish Soho condo for $12M
220 Central Park South and Steve Roth (Google Maps, Getty)

Another 220 Central Park South condo sells for $61.6M

Another 220 Central Park South condo sells for $61.6M
301 East 80th Street and 27 East 79th Street

Manhattan records 10 luxury deals in week after Labor Day

Manhattan records 10 luxury deals in week after Labor Day
arrow_forward_ios

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

Loading...