The Most Expensive Homes In The World

28 August 2007 - 5:00am

Five mansions on the U.S. housing market are looking to become the most expensive homes ever sold in the country, and maybe the world.

"Two years ago, at the peak of the real-estate boom, only a handful of homes in the U.S. had ever been listed for $75 million, let alone $100 million. Even the highest residential sale to date -- investor Ron Baron's $103 million purchase earlier this year of a 40-acre compound in East Hampton, N.Y. -- was never publicly listed. The deal was so secret that the brokers weren't named."

"There are five contenders for the current prize, including a Beverly Hills compound once owned by William Randolph Hearst and Marion Davies that's listed for $165 million; the Aspen home of Saudi Prince Bandar bin Sultan, which has been visited by the past three U.S. presidents ($135 million); and an estate overlooking Lake Tahoe with a staircase modeled after the one aboard the Titanic (a dark horse at $100 million). All have come on the market since summer 2006."

"The U.S. doesn't have a monopoly on extreme listings -- or extreme sales. The international home sale record is thought to be held by a London property that sold in 2004 for £70 million (about $128 million at the time). A Paris home is on the market for €100 million, or roughly $135 million."

Source: The Wall Street Journal, August 27, 2007
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