real estate

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$51M Foreclosure Signals Bad News in Luxury Market

NYC penthouse is the second multi-million dollar unit to go into foreclosure this month

(Newser) - Billionaire’s Row is having some major first world problems. According to CNBC , the owner of Apartment 79, a full-floor penthouse that spans more than 6,000 square feet and overlooks Central Park, has defaulted on the nearly $51 million home. The luxury apartment at One57 tower, located in a... More »

No One Knows Why Trump Owns Mystery Florida Plot

Quarter-acre lot in Sebring is covered in protected grass, worth less than $5K

(Newser) - Donald Trump owns property around the globe, but his oddest piece of land apparently sits just 120 miles from his Mar-a-Lago estate. In one of Florida's poorest counties is an inaccessible quarter-acre plot Trump purchased for $1 in 2005 and has maintained ever since. The wooded lot in Sebring,... More »

This Mansion Is Expensive Even for Billionaires

Italian-style villa in San Francisco has 8 marble fireplaces

(Newser) - Everybody knows it's expensive to live in San Francisco, but the cost of real estate may finally be too high for even its wealthiest residents. Business Insider reports on a mansion in Cow Hollow, a posh neighborhood on the edge of "Billionaire's Row," that's been... More »

$12.7M Hamptons Home Comes With Grisly History

Prospective buyers may want to watch murder documentary first

(Newser) - A sprawling six-bedroom home recently put up for sale in East Hampton, NY, doesn’t just come with a hefty $12.7 million price tag. Featured in the 2012 documentary 59 Middle Lane , the AP reports the Tudor mansion was once the home of millionaire Wall Street financier Ted Ammon,... More »

The Obamas Are No Longer Renters

They bought the DC home of NFL exec Joe Lockhart for $8.1M

(Newser) - It's not the White House, but Barack and Michelle Obama clearly aren't too disappointed with their new Washington, DC, home : After renting it for several months, they've opted to buy it, reports People . The Obamas purchased the 8,200-square-foot home in the Kalorama neighborhood this week for... More »

Zillow Offers $1M Prize for Algorithm Improvement

It wants results closer to real sale prices

(Newser) - Zillow says its "Zestimate" home valuation algorithm needs some work—and it is willing to pay $1 million to whoever can improve it the most. The company has announced the " Zillow Prize " for the person or team who can make the "algorithm that changed the world... More »

SC Home's Mystery Tenant Actually a Genius

Randall McKissick is childhood friend of the owner

(Newser) - There's no ghost in the upstairs apartment of a home listed for sale on Zillow as coming with a tenant who's never paid. Rather, the place is home to something far less sinister: a kindly grandfather who happens to be what the State calls an artistic genius. Before... More »

SC Home Comes With Tenant Who Doesn't Pay

'It does not make sense, please don't bother asking'

(Newser) - Your dream home could await in Cayce, SC—if you don't mind living in the same home as a mysterious stranger who is rarely seen and doesn't pay rent. There's no truth-bending to a real estate ad for the $130,000 property on Zillow : It warns that... More »

NSFW Ad for $100M Home Stars Gold- Coated Women

Beverly Hills residence has champagne vault, car museum, and a really weird sales video

(Newser) - "Come for the sale ... Stay for the sexy fantasy chicks!" That's the way TMZ plugs a bizarre video trying to sell what's being touted as Beverly Hills' most expensive home: a $100 million retreat called Opus, the brainchild of film producer Nile Niami, per People . The... More »

Woman From China Said to Be Mystery Buyer of Trump Childhood Home

Trump Birth House LLC spent $2.14M for the Jamaica Estates abode

(Newser) - Someone has agreed to hand over $2.14 million for President Trump's childhood home in Queens—and an unnamed neighbor tells the New York Times she's witnessed suited-up people pulling up to the Jamaica Estates home in black luxury SUVs and speaking Chinese since the secretive deal went... More »

$5M Picnic Basket May Soon Be Available at a Bargain

Ohio county seeking foreclosure to pay off $700K bill

(Newser) - Know anyone so fond of picnics they'd want to take up residence in a building shaped like a picnic basket? With $700,000, they might get the opportunity. After nine months on the real estate market, the "Big Basket" office building in Newark, Ohio, seems destined for a... More »

Grey Gardens Is for Sale

The house was made famous in a 1975 documentary and 2009 movie

(Newser) - A home in East Hampton made famous in a 1975 documentary—and again in an Emmy-winning 2009 HBO movie starring Jessica Lange and Drew Barrymore, and yet again in a Broadway musical—is for sale for the first time since 1979. That's right, Grey Gardens could be yours for... More »

This Could Be the Most Expensive Home in US

It's listed for $250M

(Newser) - "No one has built homes for billionaires," developer Bruce Makowsky tells Bloomberg . Until now, apparently. According to the Hollywood Reporter , Makowsky has built and listed a $250 million mansion in Bel Air that—if it gets the asking price—would be the most expensive home ever sold in... More »

Down Payment in Bay Area Buys Whole House Elsewhere

Down payment in San Jose just $180 less than national median home value

(Newser) - Home prices in the Bay Area are some of the most out of control in the nation—and new figures from Zillow show just how out of control they've gotten. A median down payment of 20% on a house in metro San Jose is now $192,320, the Mercury ... More »

5 Hottest US Housing Markets

You go, Nashville

(Newser) - Seeking a place to call home that won't clean out your bank account—and might even go up in value? While cities like New York City and San Francisco are driving people away with exorbitant rents and mortgages, per CBS News , there are some cities where owning a home... More »

Jeff Bezos Buys Ex-Museum to Remodel Into Huge DC Home

Neighbors will include Obamas and Trumps

(Newser) - To get a bigger house in Washington, Jeff Bezos would have to be elected president. The Amazon founder is the anonymous buyer who paid $23 million for the former Textile Museum in Washington, DC, in October last year, and he plans to turn it into the city's largest private... More »

For Sale: A 45-Building Village You Can't Live In

Owners asking $2M for Canadian village that's basically a 19th-century movie set

(Newser) - A Canadian village an hour north of Montreal could be yours for a cool $2 million, but there's an asterisk: The 45 buildings spread out across the 140 acres of Canadiana Village are largely just for show, with only one house in livable condition. That's because for decades... More »

3 Luxury Apartments Will No Longer Be Called 'Trump'

Residents signed petition to ditch Trump name

(Newser) - Three luxury apartment buildings in New York City are having their names changed because residents don't want to be associated with the next president of the United States. The gold letters spelling out "Trump Place" at 140, 160, and 180 Riverside Blvd. in Manhattan will be taken down... More »

You Know the Famous Phrase. See the House That Inspired It

'Keeping up with the Joneses'

(Newser) - A dilapidated New York mansion believed to have inspired the phrase "Keeping up with the Joneses" sold at auction this week for $120,000, reports AP . The 24-room Wyndclyffe Castle was built in 1853 in Rhinebeck as the country house of Manhattan socialite Elizabeth Schermerhorn Jones, a member of... More »

Harry Potter's 4 Privet Drive Could Be Yours

Expect visitors (no, not Dumbledore)

(Newser) - A suburban house that starred onscreen as Harry Potter's childhood home is on the market—complete with a cupboard under the stairs. Fans of the boy wizard will recognize 12 Picket Post Close as 4 Privet Drive, home of Harry's dastardly aunt and uncle, who took Harry in... More »

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