The article discusses the 10 most expensive ZIP codes in the U.S., highlighting that these areas, often oceanfront and gated, command multimillion-dollar estates. Newport Coast, California, is the most expensive, with a median listing price of $11.8 million and an estimated required income of over $2.3 million to afford a home there, based on the 30% rule. These markets attract ultra-wealthy buyers, often purchasing with cash, and are driven by scarcity, privacy, and proximity to major economic hubs.
Breanna Banaciski has innovatively used satirical, profanity-laced video tours to market high-end Florida homes, turning traditional real estate presentations into humorous and provocative content that appeals to potential buyers by mocking the extravagance of the rich.
The AI industry boom is significantly boosting San Francisco's real estate market, with rising home prices, record luxury sales, and a hot rental market driven by high salaries and increased in-person work, although buyers are now more cautious due to past tech busts.
A tour of two high-end Hamptons properties reveals a booming luxury real estate market driven by Wall Street wealth, with prices soaring despite broader economic uncertainties, and a focus on multi-generational homes and extensive amenities.
New Zealand is relaxing its restrictions on foreign buyers by allowing golden visa holders to purchase luxury homes worth at least NZ$5 million, aiming to attract high-net-worth individuals and boost its economy, with the change expected to take effect at the end of the year after legislative approval.
Catherine Zeta-Jones and Michael Douglas own four homes, including properties in New York, Bermuda, and Quebec, valued at around $30 million, which she claims is not excessive. Despite her modest claim, the combined value significantly exceeds the median income in New York, highlighting their substantial wealth, partly inherited and partly earned.
Gables Estates in Miami was ranked the most expensive neighborhood in the US in 2024, featuring waterfront lots, luxury mansions, and a strict membership application process, reflecting the area's status as a hub for wealthy individuals attracted by Florida's tax advantages and exclusive lifestyle.
Paris Hilton's $63 million mansion sale in Bel Air highlights the strong demand in LA's luxury real estate market, driven by displaced buyers and foreign interest, with top sales in June reflecting continued high-value transactions in California and Florida.
An interior designer shares common elements rarely found in wealthy homes, emphasizing timeless design, clutter-free spaces, high-quality materials, and personalized art, while advising against trendy decor, fake plants, and low-quality hardware to maintain a high-end aesthetic.
A couple purchased two prime waterfront homes in Longport for $19 million, demolished them, and plans to build a single new residence on the combined lot, highlighting the trend of valuing land over existing structures in high-end real estate.
Shedeur Sanders, a rookie with the Cleveland Browns, is considering various housing options in Cleveland, with a preference for a downtown penthouse due to its convenience and upscale amenities, while other neighborhoods like Bratenahl and Strongsville offer luxury options closer to the practice facility and stadium.
Luxury homes in Hong Kong are being sold at significantly reduced prices as the property market faces a downturn. This trend reflects broader economic challenges and a shift in demand within the region's real estate sector.
Laurene Powell Jobs has set a new record in San Francisco by purchasing a mansion in Pacific Heights for $70 million, surpassing the previous record of $43.5 million. This acquisition follows her recent $94 million purchase of a Malibu estate. The mansion, originally bought for $33 million in 2011, offers views of San Francisco Bay, the Golden Gate Bridge, and Alcatraz Island. Powell Jobs, with a net worth of $11.4 billion, continues to expand her real estate portfolio.
Toledo, Ohio, offers luxury homes at prices significantly lower than the national median, with only the top 5% of homes priced above $336,000 compared to the national median of $430,000. The city's stable luxury market is attributed to remote work trends and pre-pandemic economic conditions, making it an attractive option for affordability-minded buyers.
High-end home prices in certain cities have remained stable due to factors like the pandemic-driven exodus from dense population centers and ongoing affordability challenges. Cities like Seattle, Toledo, and Tulsa saw minimal luxury price growth compared to the national trend, making them attractive for buyers seeking luxury homes at relatively lower prices.
