Most Expensive Home in US: $100M Mansion Sells
Russian billionaire Yuri Milner buys Silicon Valley estate
By John Johnson, Newser Staff
Posted Apr 3, 2011 7:35 AM CDT
A file photo of Yuri Milner, CEO of Digital Sky Technologies.   (AP Photo/Paul Sakuma)

(Newser) – A Russian billionaire has bought what the Wall Street Journal calls the nation's most expensive single-family home. Investor Yuri Milner paid $100 million for the Silicon Valley estate in Los Altos Hills. It's 25,500 square feet, with both an indoor and outdoor pool, a ballroom, a tennis court, etc. But Milner has no plans to move from Moscow anytime soon, making it a quaint second home for him.

The sale highlights a split in the real estate market, notes the Journal: Year-over-year sales of homes in the mere-mortal range of $100,000 to $250,000 were down 8% in February, but sales of those worth more than $1 million were up 4%. "The crummy real estate market is not in the high end," says one agent.

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Showing 3 of 14 comments
Avatar_Jack
Apr 2, 2011 11:48 AM CDT
Which begs the question, is this what we mean by market economics? When one part of the nation which is instrumental in selling us pipe dreams that go bust are still able to spend ‘their’ winnings until kingdom come…? http://scallywagandvagabond.com/2011/04/us-house-sells-for-a-record-100-million-but-how/
xs10tl
Mar 31, 2011 5:20 PM CDT
I saw him on TV. He has that miniature giraffe and a live version of the poker playing dogs.
cornelison
Mar 31, 2011 5:17 PM CDT
The rise in real estate isn't in Florida. Numerous mansions have been on the market for more than 6 yrs.! California luxury real estate has slow turnover as well. You can visit luxury real estate sites and see the same homes over and over again when you revisit them every 4-6 months.