Olatz Schnabel has just purchased a $5.5 million three-story residential building located between Sixth Avenue and Varick Street in SoHo.

A very talented design student in France has come up with a hybrid yacht concept that maintains all of the same luxurious components of a regular yacht, but with a twist.

American Idol’s feisty judge Simon Cowell recently purchased a luxury home in Barbados for nearly $24 million but the incomplete property has left Cowell with no option but to sail the around the islands in a private super-yacht over the holidays as he waits.

The Haute 5 places in New York City to get authentic Mexican cuisine and memorable margaritas, tequilas, and more.

Yacht builders around the world have continued to provide sublime luxury for those who have the means to acquire it, and the $93.5 million My Lauren yacht is certainly a deluxe accessory fit for anyone looking to enter the New Year with high financial spirits.

Here’s a rundown of the top five cars sold at auction in 2009, with final selling prices ranging from $4.4 million all the way up to $12.2 million.

The owners of Graceland are considering plans to redevelop the former home of Elvis Presley to rejuvenate the ever-popular Heartbreak Hotel and renovate more than 100 acres that surround the estate.

The Real Housewives of New York took to the ice on December 7 to spread some holiday cheer and enjoy an evening with friends and family. Housewife Jill Zarin was also seen proudly displaying a cover poster of her new book entitled, “Secrets of a Jewish Mother.”

It looks like Hong Kong is going to have a lot to celebrate this New Year’s Eve as reports of a $108 million shop being purchased in the busiest district of the city spread like wild fire, sky rocking the city’s property sale potential for 2010.