Must Be A Boom: $90 Million Paid For Hampton Home
Inman reports: “Talk about rising home prices: A Swedish industrialist reportedly paid $90 million — the highest price ever for a U.S. home — for a 40-acre estate on Further Lane in East Hampton, the New York Post reported today.”
Do you think he’ll shop at IKEA for home furnishings?
“The property features: a three-bedroom/ three-bathroom farmhouse, a converted barn, caretaker’s house, two guest houses, pond, swimming pool, and sand dunes.
Last year, a Palm Beach estate sold for about $70 million, which was the highest price paid for a U.S. home until this latest whopper, the Post reported.”
Can you imagine just the property tax alone? We’re talking six figures, folks.
UPDATE: Existing Home Sales 2nd Highest in History
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This entry was posted on Thursday, June 23rd, 2005 at 8:45 am and is filed under Capitalism, Real Estate. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.