Must Be A Boom: $90 Million Paid For Hampton Home

Real Estate Riches 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

RELATED:
$18 Million “Fixer Upper”
Natural Disasters: Not Just Trailer Parks
Warren Beatty Blowing Hot Air In Berkeley
Easy Money In California
eBay: $17.9 Million Mansion For Sale

Leave a Reply