Market Overview
The world of luxury real estate has been booming in the United States. Properties from coast-to-coast, ranging from New York City to Los Angeles to Miami, are being sold for tens, if not hundreds, of millions of dollars. The coronavirus pandemic, which has caused a shift away from city life, has only increased demand for luxurious homes with more space and amenities. Let’s take a look at some of the top luxury real estate markets in the US.
Los Angeles, California
Los Angeles is one of the most glamorous cities in the world, and it is no surprise that it is home to some of the most expensive real estate. The most expensive home in LA, currently listed at $225 million, is a whopping 38,000 square-foot property with 12 bedrooms, 21 bathrooms, a 30-car courtyard, movie theater, and a four-lane bowling alley. Luxury buyers will also find great value in the Beverly Hills, Bel Air, and Hollywood Hills neighborhoods, where they can expect to pay millions of dollars for a grand estate with an array of luxurious amenities.
New York City, New York
New York City is the ultimate destination for international luxury buyers seeking status and the highest level of exclusivity. The city is flourishing with expensive properties that have rooftop pools, private park access, and penthouses with stunning views of the city skyline. The most expensive home in New York City, currently on the market for $238 million, is a triplex penthouse in Manhattan’s Billionaires’ Row. The building offers a private IMAX theater, a juice bar, a 1,000-bottle wine cellar, and spa facilities that include a 25-meter swimming pool.
Miami, Florida
Miami is one of the most incredibly attractive luxury real estate markets, offering a variety of properties located on the waterfront. Miami Beach unlocks a bundle of hidden gems that attract international attention featuring properties with incredible architecture, brilliant design and unique finishes. Some of the properties come equipped with the best resort-style amenities, including private beach access a private marina and great waterfront access. The current highlight of luxury property in Miami is a $65 million penthouse, covering 19,160 square feet on the top floor of Miami’s tallest tower, with views spanning the entire city.
San Francisco, California
San Francisco sits in a beautiful natural setting on the coast of Northern California and it has seen the luxury real estate market flourish in recent years. The city is home to some of the most expensive properties in the US, including a penthouse that was recently listed for $41 million. The magnificent apartment comes with more than 8,000 square feet of interior space, an additional 5,000 square feet of outdoor terrace space, and 360-degree views of the Golden Gate Bridge, the Bay Bridge, and the San Francisco Bay. To further enhance your educational journey, we suggest exploring Get to know this detailed subject. Inside, you’ll discover supplementary and pertinent details about the topic covered.
Conclusion
The US is home to some of the most luxurious properties in the world. The top luxury markets in the US offer discerning buyers a wide range of options, from waterfront properties to grand estates complete with bowling alleys and swimming pools. While we cannot predict exactly what the future holds, there is no doubt that these top luxury markets will continue to grow and thrive, as people continue to seek out the ultimate in luxury living.
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