NEWS ABOUT: real estate

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Chicago Is Selling Vacant Lots for $1

But only to their neighbors

(Newser) - Even Detroit doesn't have city real estate cheaper than this. Chicago is now offering vacant lots for just a buck each, NPR reports. But before you start dreaming of your new life as a Windy City land speculator, you should know there's a catch: You have to... More »

For Sale: Entire SD Town, $400K, Bar Included

Tiny Swett could be yours

(Newser) - It's time to mine the couch cushions for change again, because enough pennies could buy you bragging rights to an entire town: This time, it's tiny Swett, SD, that's up for sale. And, as the Rapid City Journal reports, $399,000 will get you the Swett Tavern,... More »

Oops: Oceanfront Mansion Must Be Removed

It got built, accidentally, inside a Rhode Island park

(Newser) - Oceanfront view? Check. Jacuzzi? Check. A proper survey spelling out where this $2 million mansion was supposed to be built in Rhode Island? Not so much. The state's Supreme Court has ruled that a three-story home built in Point Judith in 2010 must be removed because it went up... More »

Ferris Bueller House Finally Sells

Cameron's home goes for $1.06M

(Newser) - After more than five years on and off the market, an Illinois home made famous in Ferris Bueller's Day Off has sold. The home, located in the Chicago suburb of Highland Park, is the one where Bueller's best friend Cameron lives in the movie—and where he sends... More »

East Hampton Home Sells for Record $147M

Activist-investor snaps up mansion

(Newser) - In the market for a modest little beach house on Long Island? Why don't you paw through your couch cushions and see if you come up with $147 million, because that's what you'd need for the East Hampton beach estate that just sold to hedge fund manager... More »

Detroit Suburb Now Hawking Vacant Lots for $1

But only to adjacent property owners

(Newser) - A Detroit suburb is offering to sell city-owned vacant lots to adjacent property owners for $1. Warren Mayor Jim Fouts made the announcement in a news release yesterday, saying the suburb owns 136 lots from past tax-reverted purchases from Macomb County and 70 more will be available with this year'... More »

Americans Are Way Too Eager to Buy Houses

Houses aren't great long-term investments, Catherine Rampell argues.

(Newser) - Last week, Gallup released a poll showing that Americans, in Catherine Rampell's words, "still financially fetishize homeownership." Despite the financial crisis, respondents still considered real estate the best long-term investment—which "baffles" Rampell because, by her calculations, home prices have risen at a compound rate of... More »

JFK, Jackie O's Honeymoon Home: Yours for $135M

William Randolph Hearst, Marion Davies lived at Beverly House

(Newser) - Beverly House, in Beverly Hills, has a storied past: Not only was it once home to publishing giant William Randolph Hearst and actress Marion Davies—it was also a honeymoon destination for Jackie and John F. Kennedy. Perhaps less appealingly, it's the site of the famous Godfather scene in... More »

How Ukraine Mess May Be Healthy for New York City

Penalties may mean fewer purchases by absentee Russian billionaires: Megan McArdle

(Newser) - It may not be the first thing to come to mind in regard to Russia's dispute with Ukraine, but the fallout could take a tangible hit on New York City real estate. The New York Times explains that rich foreigners—think Russia, China, and Brazil—account for about 40%... More »

One Country So Broke, It's Giving Away Villages

Spain gives them away or sells for less than $100K

(Newser) - Want to buy a little vacation house in the Spanish countryside? Thanks to Spain's economic downturn, some buyers have picked up entire villages for as little as zero euros, AFP reports. Thousands of villages have been abandoned across Spain, often by residents seeking city life or better farmland, and... More »

For Sale: Al Capone's Miami Beach Mansion

Gangster died at $8.45M Palm Island estate

(Newser) - Got $8.45 million kicking around? You could buy the Miami Beach mansion where Al Capone died—and from which he supposedly plotted the infamous 1929 Valentine's Day Massacre. Capone bought the 10,000-square-foot Palm Island mansion in 1928 for $40,000 after he was chased out of Chicago... More »

One Famous Movie Home Sells, Another Is Available

House in 'Ferris Beuller' under contract; Old Man Marley's from 'Home Alone' for sale

(Newser) - It took five years and a series of price reductions, but a home made famous in Ferris Bueller's Day Off is finally under contract. Cameron's home—the place where he sends his dad's Ferrari down a ravine—has gone under contract in Highland Park, Illinois, after the... More »

House in Amanda Knox Case Up for Sale

Property in Perugia on market for $625K

(Newser) - It has 10 rooms, a strong rental history, and a terrace that overlooks a picturesque valley in Perugia, Italy. But those aren't the reasons the real estate listing for this house is drawing so much attention, reports the Daily Beast . It happens to be the home where Meredith Kercher... More »

On Craigslist: California Ghost Town, $225K

Gold mining town of Seneca up for sale

(Newser) - If you're in the market to relocate, have we got news for you: For just $225,000, you can buy an entire gold mining ghost town in northern California. The 12-acre town of Seneca is listed for sale on Craigslist , Fox News reports, and it comes with its own... More »

Did Marissa Mayer Just Buy a Funeral Home?

Sources at funeral home say 'yes,' owner says he doesn't know

(Newser) - Is Marissa Mayer getting out of the tech business and into the ... death business? Probably not, but sources at Palo Alto's oldest funeral home tell the Palo Alto Weekly that the Yahoo CEO just bought their 1.16-acre property, a block away from her home. But the funeral home'... More »

Zuckerberg Buys Up Neighbors' Homes for $30M

He'll lease them back to same families; this is a privacy safeguard

(Newser) - One perk of being a multibillionare: You can buy privacy—and buy your neighbors out of their homes. That's what Mark Zuckerberg has done, spending $30 million on four houses next to his own Palo Alto abode, the San Jose Mercury News reports. He doesn't have any crazy... More »

At Swank Facebook Housing Complex: Yoga, Pet Spa

'Anton Menlo' in the works near Facebook HQ

(Newser) - Facebook already has a swanky campus in Menlo Park, Calif., and soon, it will also have an equally swanky housing community nearby. The social network is working with a developer to build a 394-unit rental community within walking distance of company headquarters, the Wall Street Journal reports. And the 630,... More »

For Sale: Kurt Cobain's Childhood Home, Mattress

Washington bungalow hitting market for $500K

(Newser) - For just $500,000, you can buy the home in Aberdeen, Wash., where Kurt Cobain spent his formative years—complete with the markings and holes he made on the walls of his childhood bedroom, and even the mattress he slept on. Cobain's mother, Wendy O'Connor, is selling the... More »

Zuckerberg's Huge Remodel Includes $60K Greenhouse

Construction permits for his mansion add up to $1.6M

(Newser) - Mark Zuckerberg's crazy expensive San Francisco mansion is about to get even more crazy expensive. His contractor has taken out five construction permits that add up to more than $1.6 million in remodel costs, and workers at the house tell the San Francisco Chronicle they think the construction... More »

Man Buys Foot-Wide Slice of Hamptons Beach for $120K

Yes, you read that right

(Newser) - And now, in bonkers purchases: Not only did a man pony up $120,000 for a one-foot-wide slice of beach in East Hampton, he secured his tony property after an intense bidding war with another Manhattan financier. Even Suffolk County, which acquired the land a decade ago, was floored. It... More »

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