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.
A $12.495 million modern glass mansion in Fort Lauderdale offers 122 feet of waterfront frontage on the New River, featuring a private dock, tropical design, and outdoor amenities, and has recently gone under contract.
A property in Alameda, California, is on the market for $400,000, considered a bargain despite being underwater. The current owner bought it sight unseen for $100,000 at an auction, only to discover its submerged state. Realtors believe the location has potential for a luxurious home built on stilts, though it will require significant investment and special permits. The site offers peaceful waterfront views and could attract wealthy buyers from Silicon Valley.
Pop star Joe Jonas and actress Sophie Turner have sold their Miami mansion for $15 million, after purchasing it for $11 million in 2021. The six-bedroom estate, located in the Bay Point gated community, features tropical-inspired interiors, two outdoor swimming pools, a 94-foot dock, and other amenities. The Miami luxury real estate market has experienced a slowdown in sales activity due to the pandemic.
Billy Joel has listed his Long Island estate, which sits on 26 acres of waterfront property, for $49 million. The 20,000 square-foot main house has five bedrooms and eight bathrooms, and is currently undergoing renovations. The property also includes a three-bedroom beach house, a helipad, indoor and outdoor pools, a bowling alley, and two guest houses. Joel purchased the estate in 2002 for $22.5 million and is known for his real estate investments, including a 13,000-square-foot mansion in Palm Beach, Florida.
Harvey Weinstein's former Connecticut mansion, which was once the site of his wedding and fundraising events for Barack Obama's 2012 re-election campaign, has been demolished and the 5.66-acre waterfront property is now listed for sale at $21 million. The property comprises two separate parcels, with the larger 3.03-acre plot priced at $11 million and the smaller 2.63-acre parcel at $10 million. Weinstein sold the property for $16 million in 2018, just as his legal issues were escalating. The buyers, Andrew Bentley and Fiona Garland, have not yet announced any plans for the property.
