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Luxury Real Estate

All articles tagged with #luxury real estate

real-estate11 hours 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.

via The Boston Globe|
#back-bay#beacon-hill#boston
business18 days 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.

via Fortune|
#business#financial-strategy#luxury-real-estate
world4 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.

via yahoo.com|
#luxury-real-estate#rhode-island#second-home
world4 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.

via SheKnows|
#luxury-real-estate#property-tax#rhode-island-tax
world4 months ago

Wealthy Homeowners React to Proposed 'Taylor Swift Tax' Expansion

States like Rhode Island and Montana are implementing new taxes on luxury and second homes owned by the wealthy, including a notable 'Taylor Swift Tax' in Rhode Island, aiming to increase revenue but facing criticism for potentially discouraging high-net-worth individuals from owning or purchasing property in these areas, which could impact local economies and housing markets.

via CNBC|
#luxury-real-estate#montana#property-taxes
real-estate6 months ago

Luxury Real Estate Market Sees Cash Dominance and Continued High Demand

The luxury real estate market is experiencing a split due to economic uncertainty, with ultra-wealthy buyers ($30 million+ net worth) continuing to make large cash purchases and drive market activity, while less wealthy buyers are more cautious and sensitive to interest rates. Despite overall sales fluctuations and price reductions, high-end buyers see real estate as a safe asset and are demanding more luxurious amenities, reflecting a shift in buyer behavior in a volatile economic environment.

via CNBC|
#cash-purchases#economic-uncertainty#high-net-worth-buyers