Loan limits will likely go up to $625K in 2022, but FHFA hasn’t announced it yet. Still, higher home values have convinced some lenders to boost loan limits now.WASHINGTON –
The Blockbuster Sales That Ruled the Last Decade ☘ Hoey Team ☘ eXp Realty
Dated: January 4 2020
The U.S. is known for its jaw-dropping real estate sales. Over the past 10 years, several single-family home sales have shattered records, from $100 million estates to a nearly $240 million penthouse. Many of the record-breaking sales have occurred in Florida, New York, or California.
Jonathan Miller, the president and CEO of Miller Samuel Inc., compiled a list of the record-breaking sales over the last 10 years and shared his findings with Business Insider. These are the top five most expensive residential sales nationwide over the past 10 years:
1. Pricey Penthouse
Sale price: $239,958,219
When: January 2019
A penthouse in New York City’s Central Park became the priciest property ever sold in the U.S. last January when it sold for nearly $240 million. The penthouse covers the 50th through 53rd floors of 220 Central Park South. Ken Griffin, a billionaire hedge fund manager, purchased the property.
2. ‘Beverly Hillbillies’ Mansion
Sale price: $150 million
When: December 2019
The 26-room mansion—known as the Chartwell Estate and the mansion shown in the “Beverly Hillbillies” TV show—captured headlines when it sold for $150 million. The estate spans more than 10 acres and is located in a Bel Air neighborhood in Los Angeles. The property originally was listed for $350 million in 2017.
3. East Hampton Estate
Sale price: $137 million
An 18-acre estate in East Hampton, N.Y., had been the priciest single-family home ever sold prior to 2019. The home is located at 60 Further Lanes.
4. Blossom Way
Sale price: $129,600,000
The estate consists of four oceanfront properties in Palm Beach, Fla. A buyer purchased all the properties along a street called Blossom Way. Many of the properties have since been demolished.
5. Copper Beech Farm
Sale price: $120 Million
A 51-acre estate in Greenwich, Conn., known as Copper Beech Farm also eclipsed sales records over the past decade. The property was originally listed in May 2013 for $190 million before selling the following year for $120 million. This was the only home that made Business Insider’s overall list of the 16 priciest home sales over the past decade that was not in California, Florida, and New York.
Article content from NAR REALTOR Magazine and from other sources.
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