Palm Beach County is about to be hit by a new wave of condo projects, despite the economic downturn. It seems foreclosures are increasing the demand for condo and rental housing.
Updown Court in Surrey — once Britian’s most expensive home has reportedly been sold to an Indian businessman for €40 million.
Sales of existing single-family homes in Miami rose by 49 percent in August to 951, with condo sales jumping 60 percent compared to the same period in 2010, according to data from the Miami Association of Realtors. While the median sales price for single-family homes fell one percent last month, condo sales prices actually jumped 13 percent.
Forbes just released its annual ranking of the country’s most expensive real estate markets, broken down by ZIP code. Check out theses five spectacular estates.
Microsoft multi-billionaire Bill Gates and his wife Melinda have rumored to recently leased some estate in the upscale gated equestrian community of Mallet Hill in Wellington, Florida for the 2012 Winter Equestrian Festival. Gates’ daughter Jennifer plans to participate in the junior circuit, specifically competing in show jumping at the festival.
The Rothstein “Home Collection” is going up for auction in a matter of days. The home collection features everything from designer shoes and handbags to Savile Row men’s suits and enough furnishings and decor to fill four mega-mansions.
The 56 acre Napa Valley property of the late winemaker Robert Mondavi is officially open for bidding.
The infamous Tribeca townhouse where Dominique Strauss-Kahn called home while he was under house arrest in New York City has dropped in price yet again. Last year it was put on the market for a whopping $15 million as Strauss-Kahn was paying $50,000 a month to live there, but was later cut to $14 million. Now it’s down to $12.5 million.
Mattew Perry is looking to double his money on his sprawling four bedroom house in Malibu.
South Florida resident, Alonzo Mourning is looking to downsize, so he’s put his eight-bedroom, eight-bath Coral Gables mansion on the market. The 13,000-square-foot pad was only built in 2004, and the former Miami Heat superstar is asking $14.5 million to move into the waterfront home in the gated Coral Gables Estates.