Tag

Luxury Real Estate

All articles tagged with #luxury real estate

Central Park–Facing Duplex Penthouse Sells for $25 Million on NYC's Upper East Side
real-estate26 days ago

Central Park–Facing Duplex Penthouse Sells for $25 Million on NYC's Upper East Side

A duplex penthouse atop the new 74 condominium on Manhattan’s Upper East Side sold in a private deal for $25 million. The four‑bedroom top‑two‑floor unit measures 5,264 interior square feet plus 1,600 square feet of exterior space and features a 70‑foot terrace with Central Park views. The 32‑story tower by Elad Group, designed by Pelli Clarke & Partners with interiors by Rafael de Cárdenas, is nearing completion. The sale is the building’s priciest to date, brokered by Barbara Russo, with public records not yet reflecting the closing and other units ranging from $1 million to $12.39 million.

From Luxury Empire to Federal Court: Alexander Brothers Face Sex-Trafficking Trial
crime1 month ago

From Luxury Empire to Federal Court: Alexander Brothers Face Sex-Trafficking Trial

A New York federal trial has begun for Oren, Tal, and Alon Alexander on a 12-count sex-trafficking indictment alleging a decade-long scheme to drug, assault, and rape dozens of women connected to their luxury real estate empire; the defense says some encounters were consensual. At least eight accusers are expected to testify, including a 16-year-old, with potential sentences of 15 years to life if convicted. The brothers, held since December 2024, deny all charges as pretrial disputes over evidence and witness anonymity unfold under Judge Valerie Caproni.

Gene Hackman’s Santa Fe Estate Hits the Market for $6.3 Million
real-estate1 month ago

Gene Hackman’s Santa Fe Estate Hits the Market for $6.3 Million

Oscar-winning actor Gene Hackman and his wife Betsy Arakawa's 53-acre Santa Fe estate, completed in 1997 and offering views from the Jemez Mountains to Colorado, has been listed for about $6.3 million. The property includes a main residence, a guesthouse and studio totaling roughly 13,000 square feet with four bedrooms, seven full bathrooms, a fireside living room with glass walls, and multiple living spaces within the gated Santa Fe Summit community. Hackman and Arakawa lived there in the 1990s until their deaths in early 2025; brokers say the home's tragic history may deter some buyers but its features and setting remain the selling points.

Boston’s $10M+ Luxury Market Hits Holiday Highs
real-estate1 month ago

Boston’s $10M+ Luxury Market Hits Holiday Highs

Boston’s luxury market above $10 million stayed robust through the holidays, led by Back Bay, Beacon Hill, and Cambridge. Notable listings include 22 Brimmer Street (~$11.5M), 153 Brattle Street ($15.8M), 126 Marlborough Street ($10.8M), and the 397 Commonwealth Ave penthouse ($15M). Buyers—often older couples from other cities—continue to seek turnkey brownstones and premium amenities such as elevators, private outdoor spaces, and roof decks as demand remains concentrated in high-end, well-located properties.

Paris Hilton Secures Mortgage for $63M Mansion from Mark Wahlberg
business2 months ago

Paris Hilton Secures Mortgage for $63M Mansion from Mark Wahlberg

Paris Hilton, despite her substantial net worth, took out a $43.75 million mortgage on her $63 million Beverly Hills mansion, a move that aligns with the financial strategy of many ultra-wealthy individuals who prefer to keep liquidity available for investments and other ventures rather than paying cash upfront, illustrating that leveraging debt can be a smart financial decision even for the extremely wealthy.

Wealthy Homeowners Face New Tax Hikes Amid Rising Backlash
world6 months ago

Wealthy Homeowners Face New Tax Hikes Amid Rising Backlash

Rhode Island has introduced a new 'Taylor Swift Tax' on luxury second homes valued over $1 million that are unoccupied more than half the year, significantly increasing property taxes for owners like Taylor Swift, whose estate's bill could rise to approximately $337,000 annually. The tax aims to fund local services and address housing issues, but critics argue it unfairly targets wealthy homeowners.

Wealthy Homeowners Face New Taxation Trends Across States
world6 months ago

Wealthy Homeowners Face New Taxation Trends Across States

Rhode Island has introduced a new tax targeting luxury second homes valued over $1 million that are unoccupied for more than half the year, which will significantly increase the property tax bill for Taylor Swift's $28 million estate, adding approximately $136,000 annually. The law aims to fund local services but has faced criticism for penalizing wealthy homeowners and potentially discouraging luxury tourism.