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This Gigantic Nantucket Estate Can Be Yours For A Bargain $35 Million

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nantucket $59 million estate

The owners of the most expensive estate on Nantucket are having a tough time selling.

After several price-cuts, the property is now being offered for $35 million, down significantly from its initial asking price of $59 million, Curbed Cape Cod reports.

The estate, called Swain's Neck, is now being sold as a 56-acre lot. It had included 70 acres when it first hit the market back in May 2012.

Swain's Neck is being sold by the estate of the late Russell Dale Phelon, who made his fortune in the engine electronics business. It is listed with Great Point Properties.

In addition to a 7,800-square-foot mansion, the estate has two moorings and two gated horse pastures.

Welcome to the most expensive estate on Nantucket.



It's totally secluded on a private peninsula.



The late owner purchased the home in 1997 for $7.15 million.



See the rest of the story at Business Insider

HOUSE OF THE DAY: Billionaire Jon Huntsman Sr. Cuts Another $10 Million Off The Price Of His Awesome Utah Ski Chalet

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park city utah $49.5 million home

This beautiful Park City, Utah, log cabin belongs to the billionaire father of onetime presidential hopeful,Jon Huntsman.

But Jon Huntsman Sr., founder of Huntsman Corp. and a major philanthropist, is having a tough time unloading the property, which first hit the market in 2009 with a $55 million asking price.

He's now lowered the price on the 12-bedroom, 22,000-square-foot "chalet" to $34 million, according to The Wall Street Journal.

"I went a little bit overboard when I built the thing, I have to admit," Huntsman told The WSJ.

The home, which overlooks Deer Valley, is no ordinary log cabin. It sits on 60 acres of land and has an indoor pool, a dining room that seats 20, a fitness center, room for 28 cars, and a library.

Meredith Galante contributed to this story.

Welcome to the Huntsman ski house, the most expensive home for sale in Utah.



The home sits on 63 acres of land.



And sits in swanky Upper Deer Valley.



See the rest of the story at Business Insider

The Famous House From 'Ferris Bueller's Day Off' Finally Sells For $1 Million [PHOTOS]

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ferris bueller's day off house

It's one of the most recognizable houses from the movies, but no one has been willing to buy it ... until now.

The house, where Cameron Frye lived (and totaled his dad's beloved 1961 Ferrari 250 GT California Spyder convertible) in "Ferris Bueller's Day Off," has finally sold for $1.06 million after five years on the market, Crain's Chicago Business reports.

The home, in Highland Park, Illinois, had initially been listed for $2.3 million, and its asking price at the time of the sale was $1.2 million, according to CBB.

While there's no word yet on the buyers of the glass-and-steel, four-bedroom home, it's safe to say they won't forget to use their parking brake.

Most people will recognize this glass garage from "Ferris Bueller's Day Off." Luckily for the new owners, the glass has been repaired.



The home is located in the Chicago suburb of Highland Park, close enough to the city for a quick spin during a school day.



Designed by architect James Speyer, the house consists of two separate buildings.



See the rest of the story at Business Insider

HOUSE OF THE DAY: Billionaire Sells His Oceanfront Palm Beach Estate For $43 Million

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Billionaire and philanthropist Jon Stryker has sold his stunning Palm Beach compound for $42.9 million, according to The Palm Beach Daily News

It was reportedly purchased by Peter Wood, a British businessman. Stryker sold his Central Park West penthouse for $42 million earlier this year.

The 2.6-acre estate consists of three separate properties, including one that belonged to Jimmy Buffett and his wife before they sold it to Stryker in 2010. The other two properties on the estate are a half-acre vacant lot and a recently restored 1920s-era home.

According to the Daily News, it was the most expensive sale in swanky Palm Beach since last May, when radio personality Howard Stern paid a whopping $52 million for an oceanfront property.

This estate consists of three properties and sits on 2.6 acres on the Atlantic Ocean.



The pool at this Spanish-style property is perfect for cooling off on a hot day.



The golden accents in the living room give the space a luxurious feel.



See the rest of the story at Business Insider

After Selling Beats To Apple, Dr. Dre Is Unloading This $35 Million LA Mansion

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dr dre with los angeles old home

Real estate brokerage website Redfin revealed today that rapper, producer, and Beats Electronics tycoon Dr. Dre has listed his Los Angeles home for $35 million.

Dre bought the six-bedroom home back in December 2011 for $15.4 million through a trust, according to property records.

The home spans 9,696 square feet, and looks out onto downtown Los Angeles from the Hollywood Hills.

The music mogul bought Tom Brady and Giselle Bündchen’s Brentwood, Calif., home for $40 million last month. His new house will have a moat, terraces, and an infinity pool.

Apple announced in May that it would buy Dr. Dre's company, Beats Electronics, for a whopping $3 billion. Now the famous rapper and entrepreneur is worth a reported $800 million after the deal — looks like he’s celebrating with a real estate upgrade.

Dr. Dre is selling this six-bedroom mansion for $35 million.



The gated home is in Hollywood Hills West, and has 9,696 square feet with a wine cellar, library, and guest house.



The home also has a covetable flat backyard.



See the rest of the story at Business Insider

HOUSE OF THE DAY: Morgan Stanley Exec Is Unloading His Stunning Boston 'Dream House' For $18 Million

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fernwoodtwilightfinallgA Morgan Stanley managing director is selling his Massachusetts home for $18 million, making it the most expensive listing in the Boston area, according to The Wall Street Journal.

The sellers, Doug Sharon and his wife Nanci, spent nearly $10 million building the home in Brookline, which sits on four acres. 

In addition to four bedrooms, eight bathrooms, and a pool, amenities include six fireplaces, gym, sauna, heated floors and an integrated audio and video system.

The property is listed with Deborah Gordon with Coldwell Banker Residential Brokerage in New England.

Located on Fernwood Road, this $18 million house is one of the highest-priced properties in the greater Boston area.



At nearly 10,000 square feet, the property includes four bedrooms, six bathrooms and various other amenities.



The house includes its own outdoor heated pool, complete with waterfall.



See the rest of the story at Business Insider

HOUSE OF THE DAY: Walmart Heiress Buys $25 Million Manhattan Duplex

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alice walton condo

Alice Walton, an heir to the Walmart fortune and the 14th wealthiest person in the world, just purchased a $25 million condo in New York City, reports the New York Post.

The condo, which is located on the 30th and 31st floors of 515 Park Avenue, had been owned by late financier Christopher H. Browne. Browne's East Hamptons estate recently sold for $147 million, making it the most expensive home sale to date in the U.S.

Walton's new condo is wonderfully luxurious, with 52 oversized windows offering both city and park views. It boasts 6,286 square feet of space and many special features, including a large media room, a brightly-lit library, and a one bedroom guest apartment that could easily serve as two separate staff suites.

The condo offers sweeping views of the city and Central Park.



This massive corner living room features modern furnishings and a wood-burning fireplace.



You could cook a feast in this spacious state-of-the-art kitchen.



See the rest of the story at Business Insider

HOUSE OF THE DAY: Buy The Most Expensive Home In Las Vegas For $38 Million

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Phil Maloof, a member of a prominent Las Vegas hotel family, is selling his massive penthouse in Las Vegas for $38 million, making it the most expensive home on the market in the city, according to Curbed.

The Maloofs have had a large presence in the business world, as they previously owned the Sacramento Kings and also helped to create the Palms Casino Resort in Las Vegas.

The penthouse is located at Palms Place and spans 27,000 square feet of indoor and outdoor space — large enough to fit 500 people. The fully furnished home's high price tag gets you quite a few special features, including an outdoor theater, a DJ booth, and a full gym.

Maloof is also throwing in one Dali and one Picasso painting for the lucky buyer.

This is the most expensive home for sale in Las Vegas since Wayne Newton's ranch hit the market for $70 million and failed to sell, even after being reduced to $48 million.

The penthouse has a combined 27,000 square feet of indoor and outdoor living space.



You can see miles of flat land from the rooftop.



The rooftop area features an outdoor theater and plenty of seating.



See the rest of the story at Business Insider

HOUSE OF THE DAY: Reno's Priciest Mansion Can Be Yours For $20.4 Million

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631 California Ave Exteriors (JPEG High Res) (1 of 2)

The historic Nixon Mansion in Reno, Nevada, is on the market for the $20.4 million, making it the most expensive publicly listed property in the city.

This Italian villa spans 17,964 square feet and was built by Nevada Senator George S. Nixon in 1907. Since then, the 2-acre estate has been home to the daughter and granddaughter of Nevada senators and a couple of doctors. 

The mansion was destroyed by fire in 1979, but the current owners completely restored the estate both inside and out.

Home owners will enjoy views of downtown Reno, Peavine Mountain, and the Truckee River. Stand-out amenities include an 860-square-foot kitchen, a river-view bar, an 1,800-bottle wine cellar, and more.

Nevada Senator George S. Nixon built this mansion in 1907 on 2.03 acres of land.



Its entryway makes you feel like you're at a luxury resort.



This sunny breakfast room is one of many places to enjoy beautiful views in the home.



See the rest of the story at Business Insider

HOUSE OF THE DAY: Heidi Klum Is Selling Her Palatial Los Angeles Estate For $25 Million

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heidi klum brentwood mansion

Supermodel Heidi Klum is selling her incredible 12,300-square-foot Brentwood estate for $25 million.

According to Trulia, Klum hired a team that spent 6 months restoring the 8-bedroom, 10-bathroom home, which was originally built in 1999 and left empty for some time. The team replaced every window, re-stained the home's woodwork, upgraded all appliances, expanded the garden, and built a master bath.

Now, the oceanview home is more luxurious than ever. Set on 8.5 acres, the estate includes features such as an infinity-edge pool, a spa, a rose garden, hiking trails, and a koi pond.

Lynn Teschner of The Agency, Beverly Hills, is the listing agent for this property.

Heidi Klum's 12,300-square-foot property has 8 bedrooms and 10 bathrooms.



It sits on 8.5 acres of land, which includes flat lawns, gardens, and hiking trails.



The home's foyer is simple yet elegant.



See the rest of the story at Business Insider

George Soros' Daughter Is Selling Her Greenwich Village Townhouse For $25 Million [PHOTOS]

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Andrea Soros Colombel, daughter of billionaire investor George Soros, is putting up her Greenwich Village townhouse for $24.75 million.

The luxurious property went on sale briefly in 2012 for $29.5 million, but was later withdrawn, The New York Times reports.

She and her husband, Eric Colombel, first purchased the home for $11.5 million eight years ago. On top of the hefty new price tag, property taxes rack up to a little over $84,000 a year.

With seven bedrooms and eight bathrooms, the townhouse is almost 8,500 square feet. Amenities include a private terrace, home gym with steam and sauna, three wood-burning fireplaces, an elevator, and more.

The property is listed with CORE and is located at 10 West 10th Street, on Greenwich Village's Gold Coast. 

The 1844 Greek Revival townhouse is 26 feet wide and spans 8,472 square feet.



This house has five stories of beautifully renovated and restored rooms.



Throughout the home are wood-burning fireplaces, herringbone wood floors, and plenty of outdoor spaces.



See the rest of the story at Business Insider

HOUSE OF THE DAY: A Private Investor Is Selling His Glassy Manhattan 'Sky Loft' For $48 Million

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$48 million tribeca penthouse

A penthouse at Skylofts on Hudson Street in TriBeCa that looks like a glass cube has returned to the market with a $48 million listing price, according to The New York Daily News.

The 4 bedroom, 4.5 bathroom apartment has 360-degree views of Manhattan and the Hudson River. It's being sold by William Duker, a private investor who did a stint in prison for defrauding the government. He's never lived in the stunning condo, according to the NYDN.

It's being marketed by Tal and Oren Alexander of Douglas Elliman.

Meredith Galante contributed to this story.

The apartment sits on top of a Art Deco building in southern Manhattan.



The staircase is made of steel and glass.



The home has self-adjusting light and shade systems.



See the rest of the story at Business Insider

HOUSE OF THE DAY: This $24 Million Miami Penthouse Comes With One Cool Perk

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Miami penthouse

Here's a home-buying incentive we've never heard of: an all-inclusive vacation.

But that's just what GR8-Group and Chad Carroll of Douglas Elliman (and star of Bravo’s "Million Dollar Listing Miami") are doing. 

The person who purchases this $24 million penthouse will also get a "billionaire's weekend getaway," which includes a private jet ride to a private island, a celebrity concert, and time on a yacht, all valued at $1.5 million. 

The two-story penthouse is perched atop the former Sony building and includes a private rooftop, 20,000 square feet of interior space, and customized steel and glass installations.

It's currently home to a creative firm, but could be used as a residence, office, shop, or gallery.

The penthouse is on the corner of Lincoln Road, a popular destination in South Beach.



The multi-level, 20,000-square-foot space is located atop the former Sony building.

 



The fully customizable space features custom steel and glass installations, exotic woods, and floating concrete stairs.



See the rest of the story at Business Insider

Hedge-Funder Flips His Historic Southampton Estate For $80 Million

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Hedge fund tycoon Scott Bommer has flipped his Southampton estate for more than $80 million just a year after buying it for $75 million, reports The Wall Street Journal's Candace Taylor.

Bommer, founder of SAB capital initially listed the expansive property on Lake Agawam for $98 million in March.

The historic estate, called Wooldon Manor, previously belonged to shoe tycoon Vince Camuto. It sold as two separate parcels: the 10,000-square-foot and 2 acres, which were bought by a "New York family" for $50 million, and a 12-acre plot, which went to a developer.

The estate — which has a gorgeous pool, pool house, formal gardens, a romantic green house, and tennis court — had been owned by both the Woolworth family and Edmund Lynch, a founding partner of Merrill Lynch.

Wooldon Manor sits on the iconic oceanfront drive, Gin Lane.

Source: Sotheby's International Realty



The property sits on 14 acres of land; it was sold as two separate parcels.

Source: Sotheby's International Realty



Inside, the vaulted ceilings have exposed beams and skylights.

Source: Sotheby's International Realty



See the rest of the story at Business Insider

HOUSE OF THE DAY: A Tuscan Castle Can Be Yours For $16 Million

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This may be your one opportunity to own a castle in Tuscany.

The 16th-century Castello di Magona in Livorno, Italy, is now on the market for $16 million through Sotheby's International Realty. The home was built in 1529 and was formerly owned by Leopoldo II, Grand Duke of Tuscany, according to Architectural Digest (via Curbed). 

The 29,909-square-foot castle sits on 10 acres and has views of the Mediterranean Sea and Elba Island, along with the beautiful Tuscan countryside. Inside the home, special features include hand-painted frescoes, intricate ceilings and floors, and even some suits of armor.

A circular driveway leads up to this gorgeous 16th-century castle, which sits on 10 acres.



The entryway to the home is covered in ivy.



The decor in this room actually resembles that of a medieval castle.



See the rest of the story at Business Insider

Miami Heat Star Chris Bosh Just Listed His California Mansion For $14.5 Million

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boshHouse

Miami Heat forward Chris Bosh listed his 10,700-square-foot villa with Sotheby's for $14.5 million yesterday, The L.A. Times first reported. 

Located at the top of the knoll in the Palisades Highlands of California, the home has unobstructed views of Topanga Canyon and the Pacific Ocean. Outside, there's an infinity pool with a swim up bar, plus a full outdoor kitchen with a pizza oven. Inside, you'll find six bedrooms, eight bathrooms, plus massive walk-in closets, a gym, a home theater, and a sports bar billiards room. 

Bosh bought the property in 2012 for $9.4 million, and he had previously offered it as a rental for $45,000 a month. Donald Glover, known also by his rap moniker Childish Gambino, used the house to record his most recent album, "Because The Internet" (2013). After signing a five-year, $118 million contract with the Miami Heat this offseason, Bosh must be thinking he no longer needs his California digs.

The 10,700-square-foot gated villa sits on 1.5 acres in the Pacific Palisades.



Here's the kitchen.



And one dining room.



See the rest of the story at Business Insider

Hollywood Legend Ron Howard Sells His Connecticut Estate For A Record $27.5 Million

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Oscar-winning producer, actor, and director Ron Howard and his wife Cheryl have officially sold their gorgeous mansion in Westchester County for its $27.5 million asking priceThe Wall Street Journal reports.

According to the real estate agents representing the sale, that makes this the priciest home sale on record in Westchester County. The buyer remains under wraps.

The estate has more than 32 acres of property, including a lake, nature trails, and even a stargazing observatory with a professional-grade Meade telescope.

The main home has six bedrooms, a two-story library, a 14-seat movie theatre, indoor saltwater pool, gym, and yoga studio. There’s also a 2,500-square foot guest house with two more bedrooms, an indoor regulation size tennis court, and basketball half court.

The estate is located in the exclusive enclave of Conyers Farm, which straddles both Greenwich, Conn., and the hamlet of Armonk in Westchester, New York.

“We moved 3,000 miles away from the hub of Los Angeles, to raise our family here,” Ron Howard said when the home hit the market in May. “Whether we’re watching films in our theatre, walking the trails throughout our property, star gazing in our observatory, or just relaxing with friends and loved ones by the lake, Cheryl and I feel we’ve accomplished the goals we set when we began work on this place.”

The Howards have owned the estate for 20 years, but have decided to move to a different home now that their children are adults.

Howard is an acclaimed actor, director, and producer, famous for winning an Academy Award for Best Director and Best Picture for "A Beautiful Mind," and playing Opie on "The Andy Griffith Show" and Richie Cunningham in "Happy Days." 

The home is located in the enclave of Conyers Farm, straddling Westchester and Connecticut.

Source: Sotheby's International Realty



It sits on over 32 acres of land with a lake, nature trails, and extensive gardens.

Source: Sotheby's International Realty



The main home has 17,200 square feet of space with lakefront views.

Source: Sotheby's International Realty



See the rest of the story at Business Insider

HOUSE OF THE DAY: Steel Tycoon Sells Gigantic Miami Beach Estate At $17 Million Discount

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flordia $45 million houseA 21,750-square-foot home in Indian Creek has sold for $28 million, according to The Wall Street Journal.

Leroy Schecter, chairman of steel manufacturing company Marino/Ware Industries, has had the house on the market since 2008, with the price set as high as $45 million in 2012.

Listing agent Nelson Gonzalez of EWM Realty International said that New York-based Schecter is selling because he "just wasn't using the house," and plans donate the $28 million in proceeds to charity. 

The home features seven bedrooms, 12.5 bathrooms, an elevator, a lower level with a 7-car garage, a billiards room, a gym, and a wine cellar.

Meredith Galante contributed to this post.

Welcome to Indian Creek Drive, a street filled with luxury homes.



The home is really open, with plenty of light.



The dining room has a classic elegance to it.



See the rest of the story at Business Insider

HOUSE OF THE DAY: Billy Joel's $20 Million Hamptons Home Finally Sells After 5 Years

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billy joel hamptons home

After bouncing on and off the market for at least 5 years, Billy Joel has finally sold his Hamptons home for around $19.95 million, reports Newsday.

The Piano Man had relisted the Sagaponack mansion for $23.5 million earlier this year.

Curbed speculates that the home had a tough time finding a buyer because it didn't have a pool, which practically a requirement for Hamptons homes.

The mystery buyer's new digs include a beachfront view, piano room, and recording studio situated in the fifth most expensive zip code in the country.

This is the view as you enter through the wooden gate.



You can gaze off the patio and look at your 145 feet of oceanfront property.



The home has classic Hamptons shingles.



See the rest of the story at Business Insider

Michael Jackson's Neverland Ranch Could Sell For $50 Million

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Neverland, where Michael Jackson once lived in a fantasy world with Bubbles the chimpanzee, fairground rides and a candy shop, has been put up for sale.

His family said they hoped any new owners would respect the property's unique history.

neverlandThe sprawling 2,800-acre ranch 130 miles north of Los Angeles, which has been deserted for years, is owned by a private investment firm which bought it in 2008 for $23.5 million when the King of Pop was heavily in debt.

Thomas Barrack Jr of Colony Capital told Bloomberg: "We've really just been custodians of an irreplaceable estate and are proud to say we've restored it to the original elegance Michael first envisioned. We are now considering putting it up for sale."

Mr Barrack said he wanted it to stay as "an enduring tribute to Michael Jackson".

But the Jackson family expressed disappointment at the sale.

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A spokesman for the singer's estate said: "We are saddened at the prospect of the sale of Neverland which, under the agreement negotiated during Michael's lifetime, Colony has the right to sell. The estate will maintain Michael's family home in Encino, including its iconic recording studio there.

"We hope and trust that any new owners of Neverland will respect the historical importance and special nature of this wonderful property. Michael's memory lives on in the hearts of his fans worldwide."

Jackson bought the ranch in 1988 bringing in elephants and exotic snakes, and a private railway.

He moved out in 2005 after being acquitted of sexual molestation charges.

Luxury property prices have been soaring recently in California and experts said Neverland could fetch up to $50 million.

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