They say that home is where the heart is. Well, if you own one of these houses, you must have a very big heart… and a Guinness bank account. The current price of an average American home is slightly less than $ 250,000. That $ 250,000 will not be enough to buy a shoe wardrobe in the house below.
These are the most expensive homes that have ever been sold in the United States.
FYI, if you bought a house today for $ 100 million with 4% interest and 20% down on a 30% loan, you would be looking at a monthly payment. $ 381,932 dollars. You will also have a massive property tax bill every year. In many states, your annual property tax on a $ 100 million home will be approximately $ 1 million.
With those numbers, you’re spending about $ 500,000 per month (after taxes) to own a $ 100 million mansion. And you still haven’t poured water and thawed the lawn, cleaned the pool, orgyed, or paid the heating bill! I might like to own a turnkey penthouse apartment in every major city in the world. On the other hand, people who are rich enough to buy a $ 100 million mansion probably pay for the whole thing in cash with the stroke of a key on a computer at a Swiss bank. right?
Here are the most expensive homes that have ever been sold in the United States:
# 10) $ 117.5 million – Nine Acres Estate in Silicon Valley
On November 27, 2012, an anonymous billionaire paid $ 117.5 million to purchase a nine-acre property in Woodside, California. The property is located atop a hill in the center of Silicon Valley and has a 360 degree view of the Woodside Mountains. Built in 2005, the main house is of 8,900 sq ft. A Los Angeles law firm purchased a home for a client using an LLC called “SV Projects”. It was later alleged that the anonymous buyer of that LLC was Masayoshi Son, the founder and CEO of SoftBank. Masayoshi Son is worth $ 18.4 billion today, but may be more famous for setting the record for the most money lost in human history. During the original dotcom bubble burst, Masayoshi saw his personal net worth fall from an all-time peak of $ 75 billion to an all-time low of $ 1.1 billion.
# 9 (tie): $ 120 million – Spelling Manor, Holmby Hills, Los Angeles
Candy Spelling, widow of the late TV producer Aaron Spelling, originally listed his absolutely huge custom-built mansion for $ 150 million. The house dominated the market for a few years before it was bought by Petra Ecclestone for $ 85 million. At that time, Petra was 23 years old. Petra listed the 123-room property at one point for $ 200 million. It took him a while to find a buyer, but he finally sold the palace in July 2019 for $ 120 million.
# 9 (tie): $ 120 million – Copper Beach Estate in Greenwich, Connecticut
In May 2013, an absolutely stunning property in Greenwich, Connecticut went on the market for a mind-boggling $ 190 million. Almost exactly one year later, a buyer agreed to buy the 50-acre property for a low-price of $ 120 million. The main house alone is 15,000 sq ft. The driveway of this property is 1,800 feet long. It was originally built in 1898 by Andrew Carnegie, one of the co-founders of the US Steel Corporation. It was sold to a wooden magnet in the 1980s. Amazingly, the person who recently bought the house will be only the third owner in 115 years. The mansion sits on a 50-acre property that is mostly open fields and woods. It has several grass tennis courts, spacious gardens, two greenhouses, a private apple orchard and a 75-foot heated pool with a hot tub overlooking Long Island Sound. The property is located over 4,000 feet of water views and private beaches.
# 8) $ 122.7 million – Palm Beach Mansion
In February 2021, a private equity expert named Scott Schleifer paid $ 122.7 million for a mansion in Palm Beach, Florida. The most expensive home ever sold in Palm Beach and Florida history, the land was once owned by Donald Trump. The current house was built on imagination and Scott is the very first owner. When you include the upholstery, $ 140 was actually transferred with the purchase, but the registered price for the home was $ 122.695 million.
# 7) $ 125 million – Jeffrey Katzenberg’s Beverly Hills mansion
In September 2020, Quib founder Jeffrey Katzenberg sold his Beverly Hills mansion to WhatsApp founder Jan Koum for $ 125 million. The 6.4-acre property has 27,000 square feet of living space, five bedrooms and 13 (!) Bathrooms. It is located in the exclusive Beverly Hills community of Trussdale Estates. Katzenberg bought the property in 2009 for $ 35 million, but demolished the existing house and built the current one, designed by architect Howard Bakken.
Jan Koum owns approximately $ 400 million worth of real estate in California alone. Just 30 minutes from the Beverly Hills property, he owns two side-by-side mansions in Malibu. He paid $ 80 million for one and $ 100 million for the other.
# 6) $ 132.5 million – Broken Hey Ranch in Augusta, Montana
In November 2012, real estate billionaire Stan Kronke made a cash payment of $ 132.5 million for the 124,000-acre Broken O Ranch in August, Montana. Kronke, who owns the St. Louis Ram, Denver Nuggets and Colorado Rapids, is worth $ 5.6 billion. Broken O Ranch is a huge property that actually takes more than 25 years to put together. It is a working farm that produces 700,000 bushel grains and 25,000 tons of hay every year. It is also home to more than 5,000 cows. In addition to being a fully functioning production farm, the property has a stunning 10,000-square-foot mansion with gorgeous views of the rocky mountains and the nearby river. It should be noted that there has been little debate as to whether Broken O Ranch should be considered one of the most expensive homes sold in the United States. Some believe the farm is more of a commercial property meant to demolish a luxury house down in the center.
# 5) $ 245 million – Jule Pond Southampton, Long Island, NY
On April 2, 2021, a 42-acre property in Southampton with more beaches than any other private residence on Long Island, sold for $ 145 million. Originally listed for $ 175 million, the seller was a financier named Brenda Earl, who bought the property in 2002 for $ 21.75 million. The property was originally developed in 1960 by Henry Ford’s grandson, Henry Ford II, aka “Hank the Deuce”.
Hunk lost the house a few years later in a divorce settlement. Henry’s former wife sold the house in 1978 to an Italian financier named Carlo Truglio. Carlo sold it to Brenda in 2002. It is not clear as of this writing who bought the property in 2021 from Brenda.
# 4) $ 147 million – East Hampton Estate, Long Island, NY
On May 3, 2014, it was revealed that a hedge fund manager named Barry Rosenstein spent $ 147 million to buy an absolutely stunning property in East Hampton. It is the most expensive home sale in Hampton’s history. For nearly five years, it held the record for the most expensive home purchased in the United States.
Rosenstein is the founder of hedge fund Jan Partners which managed $ 11 billion at its peak in 2011. In 2013, his fund reportedly gave a 23% return. Rosenstein earned more than $ 140 million in salary and bonuses that year.
If you will see, this record setting transaction took place less than two weeks after the $ 120 million Greenwich Mansion on this list. Little is known about the specific details of this former Hampton home.
# 3) $ 150 Million Chartwell Estate – Bel-Air, California
In May 2017, a billionaire named Jerry Perenchio died at the age of 86. Jerry earned his multi-billion fortune as the owner of the Spanish-language media empire Univision.
A few months after his death, Jerry’s heirs listed his longtime home in Bel-Air, California for $ 350 million. A year later he dropped the price to $ 245 million. Then they reduced it to $ 195 million.
Finally in December 2019, the house was bought by Rupert Murdoch’s billionaire son Lachlan Murdoch for $ 150 million.
Chartwell Estate is a 10-acre palace located in the center of Bel-Air with an approximately 360-degree view of Los Angeles. It was built in the 1930s and then abandoned during the Great Depression. Between 1962 and 1971, Chartwell rose to fame for appearing in the opening credits of the TV series “The Beverly Hillbillies”. So it was the fictional home of the Clampett family.
Jerry Perenchio bought the property in the 1980s for an undisclosed price. At the time of his death, Jerry was paying $ 1.3 million in annual property taxes related to the home. The new owner, Lachlan Murdoch, will have to earn $ 3 million in pre-tax each year to cover the $ 1.5 million dollar tax bill.
# 2) $ 165 million – Jack L. Warner Estate, Beverly Hills
On February 12, 2020, it was revealed that Jeff Bezos – the world’s richest human being – had valued the $ 165 million 10-acre Jack L. Warner estate in Beverly Hills. He bought the house from entertainment mogul David Geffen, who himself bought it in 1990 for $ 47.5 million.
But this was not Jeff’s purchase!
On the same day he dropped $ 90 million for a 120-acre plot of undeveloped land at the top of ALSO Beverly Hills, previously owned by the late Microsoft billionaire Paul Allen. In total, Jeff spent $ 255 million a day to filter 130 acres in Beverly Hills. There is no structure yet on the Paul Allen parcel, known as Enchanted Hill. The driveway alone is 1.2 miles long. It would be amazing to see what Jeff makes here!
# 1) $ 238 million – 220 Central Park South, Manhattan
On January 23, 2019, it was revealed that hedge fund manager Ken Griffin had purchased the top four floors of an unfinished New York City building located at 220 Central Park South. This was enough to set a record for the most expensive home purchase in American history.
Griffin, who has a net worth of $ 22 billion due to hedge fund Citadel, has brainstormed $ 700 million on individual residences in the last five years alone. He also holds the most expensive home purchase records in New York, Illinois and Florida. For their New York City purchases, keep in mind that they bought units without any furniture or fixtures. Basically empty units with floors and ceilings (some of which will certainly be knocked down). Ken will certainly spend many additional millions on furniture, customization and fixtures.
So there you have it! The Five Most Expensive Homes Ever Sold In America! If you own a crazy mansion like any of the above, I have two pieces of advice:
a) Start saving your money.
B) Wait for the recession.
This is just my opinion, obviously, but when you start selling private homes for hundreds of millions of dollars, there is something unique going on. After the financial crisis, how many of these houses would have become worth in October 2008 after the economy started to decline? On average, there is a recession in the United States at least once every 7 years. The average recession lasts for 17 months, followed by a little over three years of expansion. If you want to live in a mad mansion someday, save a ton of money, wait for the market to fall drastically and then strike out. It will eventually happen…