The publishers of the luxury real estate magazine, Unique Homes, today launched the first issue of Ultimate Homes magazine, which features a comprehensive ranking of the most expensive properties for sale in the United States.
Percentage wise, homes valued at $1 million or higher represent the fastest-growing segment in the housing market, with approximately 35,000 homes priced in excess of $1 million sold in 2004, according to a press statement.
“We are the first to compile such an exhaustive list,” said Rick Goodwin, publisher of Ultimate Homes and its parent publication, Unique Homes. “With our debut issue of Ultimate Homes, we have created a true portrait of the luxury market at its highest levels by identifying and ranking the most expensive and spectacular properties on the market. We’re excited and look forward to escorting readers into these homes across America with each issue.”
Leading off the issue is its much anticipated “top 10 list” of properties selling for up to $75 million:
- Tied at Number 10: For $45 million, 25 acres in Dallas, Texas, with a 48,000-square-foot chateau and private hair salon; OR a 5.6-acre Hamptons compound in Montauk, N.Y., once the vacation spot of Elizabeth Taylor, Jackie Kennedy Onassis and the Rolling Stones.
- Number Eight: For $50 million, a Brentwood, Calif., ranch, formerly owned by screen legend Robert Taylor that has also hosted a presidential gala for the Clintons.
- Number Two: For $70 million, a penthouse atop the Pierre Hotel in New York City that has the highest-ever asking price for a Manhattan apartment, plus a $47,700-a-month maintenance fee.
- Number One: Topping the list at $75 million, a Bridgehampton, N.Y., estate with an 18-hole golf course, 14 gardens, 60 acres of land, a 75-foot swimming pool, waterfront views and more than 20,000 square feet of living space.
Unique Homes and The Institute for Luxury Home Marketing recently conducted a survey that revealed 73 percent of homeowners who own at least one home valued at $2.5 million or above are under the age of 55 and are mostly self-made millionaires.
In addition to the list of the most expensive properties for sale, Ultimate Homes identifies the country’s top luxury agents, and gives readers unparalleled insight into news, trends and hotspots in the luxury real estate market.
What’s your opinion? Send your Letter to the Editor to firstname.lastname@example.org.