The streets are lined with swanky Fifth Avenue stores, and real estate agents playfully call a $5 million house a “cottage”.
It is glossy world where the real America of high joblessness and housing despair is all but invisible.
The economic story of the last decade has only served to make the divide between these worlds more stark.
Three time Super Bowl- winning quarterback Tom Brady and his supermodel wife, Gisele Bundchen, continue to build their fabulous home on a 3.75-acre lot in Brentwood, California.
Even as the value of residential real estate around the developed world continued its multi-year plunge in the second quarter, some countries bucked the trend. In seven national markets, housing values rose by more than 5% in the second quarter compared to the second quarter of 2010. In two countries, prices rose nearly 20%. 24/7 Wall St. has identified the countries where real estate values are soaring.
If you’re interested in luxury real estate in Canada, check out Michael Kalles, Toronto, Canada’s premier expert in residential real estate and an exclusive member of the Haute Living Real Estate Network.
West London’s Billionaires’ Row has a new resident: Roman Ambrovich. The Russian tycoon and owner of Chelsea Football Club spent £90 million on a mansion where he will live with his girlfriend Dasha Zhukovia and the couple’s son, Aaron.
For all the tennis enthusiasts out there currently scouring the Orange County market for a swanky pad that includes a top-of-the-line tennis court, Haute Living is happy to present some of the best estates currently on the market fitted for all your tennis needs just in time for the upcoming U.S. Open.
If you’re interested in luxury real estate in Texas check out Dee Shultz, one of Austin’s premier residential real estate experts and an exclusive member of the Haute Living Real Estate Network.
Hillsborough has mansions, but huge, castle-like estates situated on enough land to establish a national park – 835 Chiltern Road has the exclusive on those details. The property, billed by Christie’s International as “one of the West Coast’s largest private residences,” includes a 5 bedroom main house and nearly 36,000 square feet. The property also boasts three separate apartments …. and a guest house, all of the residences resting peacefully on more than six acres of private park land. Built in 1992, the estate manages to straddle the atmosphere of an Elizabethan castle—yes, those are actual 15th century Gothic doorways you’re drooling over– with all (and we do mean all) of the amenities: indoor and outdoor pool; gym; racquetball, squash and tennis courts; library; home theater; master suite with his and her dressing rooms; 13 fireplaces, offices and an art gallery.
Microsoft co-founder Paul Allen has re-listed Allan Island — yes, “Allan” with an “a” — a 292-acre private island off the coast of Washington State, for $13.5 million. The billionaire businessman purchased the island in 1992 in hopes of building his dream home and first listed the property for $25 million in 2005. The land boasts a log home, an airstrip, a dock, 44 tax lots, views of the Olympic Mountains, and, of course, beaches.
World-famous art figure Larry Gagosian recently closed on the Harkness Mansion at 4 E. 75th Street in New York City for $36.5 million. As owner of the global Gagosian Gallery chain, the illustrious art dealer will likely deck out the 20,000-square-foot townhouse with incredible pieces.