We reveal the star properties that have reached and surpassed the stratospheric $100-million mark
ices at the apex of the global prime property market are driven by the rarity, uniqueness, and quality of a residential offering.In 2015, US$100 million was the new “billionaire benchmark” for the world’s most unique and luxurious homes. This year, contrary to media reports questioning the staying power of such high-priced real estate, there has been an increase in the number of $100 million trophy homes on the market. Indeed, there have even been a fair few—including the $455 million Bubble Palace, $200 million Playboy Mansion, and four other Christie’s International Real Estate listings—that have surpassed it.
As reported in Luxury Defined 2016, we reveal the list of the world’s most expensive homes for sale.
The World’s Highest Priced Properties Offered For Sale as of May 1, 2016
US$50 million+ publicly reported individual residential listings worldwide
|LIST PRICE||PROPERTY||LOCATION||COUNTRY||TYPE||FIRST LISTED|
|$500 million||Nile Niami Bel Air Spec Home||Los Angeles, California||United States||Spec Home||2015|
|$455 million||Le Palais Bulles/”Bubble Palace”||Côte d’Azur||France||Single-Family Home||2015|
|$385 million||18 Carlton House Terrace||London||United Kingdom||Single-Family Home||2013|
|$330 million||Odeon Tower Penthouse||Monaco||Monaco||New Development||2016|
|$200 million||The Playboy Mansion||Los Angeles, California||United States||Single-Family Home||2016|
|$195 million||Gemini||Manalapan, Florida||United States||Single-Family Home||2015|
|$159 million||Le Palais Royal||Hillsboro Beach, Florida||United States||Single-Family Home||2015|
|$150 million||“Mon Reve”||Los Angeles, California||United States||Single-Family Home||2015|
|$140 million||Briar Patch||Hamptons, New York||United States||Single-Family Home||2014|
|$135 million||Trousdale Estates Compound||Los Angeles, California||United States||Spec Home||2015|
|$128 million||Island Road Estate||Hong Kong||China||Single-Family Home||2016|
|$125 million||Rancho San Carlos||Montecito, California||United States||New Development||2014|
|$125 million||258-acre Bel Air Canyon||Bel Air-Holmby Hills, California||United States||Land||2015|
|$125 million||Palazzate||Barbados Riviera||Barbados||Single-Family Home||2015|
|$125 million||Fifth Avenue Compound||New York, New York||United States||Compound||2015|
|$120 million||Fifth Avenue Duplex||New York, New York||United States||Single-Family Home||2016|
|$120 million||The Park Bel Air||Los Angeles, California||United States||Land||2015|
|$115 million||2 Carlton House Terrace||London||United Kingdom||Single-Family Home||2014|
|$108 million||Las Varas Ranch||Goleta, California||United States||Ranch||2016|
|$108 million||Palais Venetien||Cannes||France||Single-Family Home||2015|
|$106 million||Allaman Castle||Geneva||Switzerland||Single-Family Home||2011|
|$105 million||Waterfront Residence||Theoule-sur-Mer, Côte d’Azur||France||Single-Family Home||2015|
|$105 million||No. 1 Twelve Peaks||Hong Kong||China||Single-Family Home||2015|
|$100 million||Isle de Ronde||Grenada||Grenada||Land||2013|
|$100 million||Sycamore Valley Ranch||Los Olivos, California||United States||Single-Family Home||2015|
|$100 million||Islas Cayonetas||Las Perlas Archipelago||Panama||Land||2015|
|$100 million||King’s Point Estate||Great Neck, New York||United States||Single-Family Home||2015|
Gallery of The World’s Most Expensive Homes for Sale in 2016
Waterfront Residence, Theoule-sur-Mer, Côte d’Azur, France
The Playboy Mansion, Los Angeles, California
Islas Cayonetas, Las Perlas Archipelago, Panama
Fifth Avenue Duplex, New York, New York
Sycamore Valley Ranch, Los Olivos, California
Le Palais Bulles/”Bubble Palace”, Côte d’Azur, France
Briar Patch, Hamptons, New York
Isle de Ronde, Grenada
*Fuente: Luxury Defined, Christie’s International Real Estate
London topped the list of the world’s top “luxury” housing markets and Hong Kong edged out New York to claim the second spot in this year’s Luxury Defined Index rankings
om recent stock market fluctuations to the shifting fortunes of emerging market buyers, the global prime property market traversed a challenging geopolitical and economic landscape in 2015 and into 2016.
The annual Christie’s International Real Estate Index, which synthesizes and compares luxury housing metrics, reflects these developments and acts as a measuring stick for the global luxury market. The Index forms part of Luxury Defined 2016, an in-depth study of more than 100 prime residential property markets worldwide.
The Index ranks the world’s 10 top property markets under two performance measures:
- The Luxury Index rates the relative “luxuriousness” of primary market cities with at least one million residents (see the latest Luxury Index rankings below).
- The Luxury Thermometer assesses the “health” of the million-dollar-plus market and compares international primary and resort housing markets.
London Tops the World’s Most Luxurious Cities for Prime Property:
2015* Luxury Index Rankings
2) Hong Kong
3) New York
4) Los Angeles
8) San Francisco
*Luxury Index rankings are based on data for the period January 1, 2015 to December 31, 2015. The Index aggregates local market metrics measuring market record sale price, average price per square foot for luxury homes, number of sales over $1 million, percentage of listings over $1 million, average price for luxury home sales, percentage of international and non-local homebuyers, and percentage of secondary home sales.
Highlights from this year’s Christie’s International Real Estate Luxury Index include:
With more prime property listings than any other city, as well as the world’s second most expensive residential sale in 2015 ($141 million / £92 million), London retains its position as the most luxurious property market worldwide. In spite of slower growth due to new taxes on prime property purchases, the city continues to attract strong domestic and international buyer demand. London has topped the Luxury Index for four years running.
Even with negative annual overall sales growth and pressures from a decline in mainland Chinese capital outflow, Hong Kong narrowly edged out New York to place second in theLuxury Index. The harbor city posted the world’s top residential sale in 2015 ($194 million / HK$1.5 billion).
Miami achieved a local record sale ($55 million for a new-build penthouse), which offset declines in overseas and cash buyers, ensuring a solid performance in the Luxury Index. New luxury stock and slowing buyer demand evidenced in late 2015 and early 2016 however, is likely to move it down in next year’s rankings.
Singapore joined our Index rankings after showing signs of an uptick following several years of declines due to government cooling measures. Singapore knocked Dubai—where pressures from declining oil prices and an oversupply of luxury properties caused price and sales volume declines—out of the world’s top 10 luxury markets.
*Fuente: Luxury Defined http://luxurydefined.christiesrealestate.com/blog/market-insights/ranking-the-worlds-top-performing-luxury-property-markets