real estate

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Bay Area Home With Holes in Roof, Mildew Sells for $1.23M

Fremont home was condemned

(Newser) - A condemned Northern California house with holes in the roof and mildew in the pipes sold last month for $1.23 million, a price tag that highlights how a housing shortage is fueling skyrocketing home prices in the San Francisco Bay Area. Listing agent Larry Gallegos said Wednesday he received... More »

Home Destroyed by Fire Could Be Yours for $800K

Welcome to San Jose

(Newser) - It's certainly not the prettiest house on the block. But a burned-out home on a 5,800-square-foot lot in Silicon Valley could be yours if you have $800,000 to spare and act fast. "This is what it's worth," realtor Holly Barr tells KTVU of the... More »

Couple Withdraw Offer on $1.8M Home Over Porn

'I just can't make Thanksgiving dinner on counters where a porn star has been lounging around'

(Newser) - Ah, home sweet home. Or home sweet porn set, in the case of an Arizona couple who were in the process of buying a $1.8 million Paradise Valley luxury home when the listing agent happened to mention that the sellers were in the, er, entertainment industry. A little investigation... More »

This Man Owns More Land in US Than Anyone

Telecom exec John Malone has 2.2M acres

(Newser) - The list may not have the same cachet as the Forbes list of richest Americans, but it's an interesting look at an often overlooked aspect of US wealth. The Land Report is out with its annual list of the 100 largest private landholders in America, and sitting on top... More »

Trumps to Ditch Their 'Epically Mismanaged' NYC Hotel

The Trump SoHo has had troubles from the start

(Newser) - A posh New York City hotel bears the Trump name—but the Trumps have apparently had it with the property, the New York Times reports. The Trump Organization has penned a deal that lets it out of its ties to Trump SoHo by the end of the year, bringing to... More »

Welcome to the Depressing New Real-Estate Game

Faraway investors scoop up abandoned homes online to make a quick buck

(Newser) - A story in the New Republic pronounces "a new era of real estate speculation" in the US, one that's taking a depressing toll on poor neighborhoods across the country. Two factors are at play: the housing bust of 2008, which left a glut of abandoned properties on the... More »

Inventor of Voicemail Says Everything Must Go

Scott Jones is throwing a serious estate sale

(Newser) - Tech titan Scott Jones, best known for inventing voicemail and founding the search engine ChaCha, is moving on. The Indiana native has spent most of the past two years in Hawaii, and now he's decided to sell the Indiana house, which he has been renting out on Airbnb, for... More »

One State Dominates Best Real-Estate Markets

Frisco is your best bet, but 4 other Texas cities crack top 10

(Newser) - A bit of good news for Texas, which has been making headlines over the past few days for the devastation wrought by Hurricane Harvey . The Lone Star State dominates WalletHub's top 10 slots in its ranking for the best real-estate markets in the US, with Frisco taking the No.... More »

Report: Moscow Trump Tower Was Discussed Amid Campaign

Real estate deal apparently fell through, per 'WaPo' report

(Newser) - "Can you believe two guys from Brooklyn are going to elect a president?" That's a paraphrased remark in a November 2015 email from a Russian-born real estate developer to Trump Organization exec Michael Cohen, which the Washington Post reports was part of the business' effort to develop a... More »

This Is America's Priciest Home for Sale—by Far

Chartwell Estate has an asking price of $350M

(Newser) - With $350 million, you could buy 25 million acres in Australia and still have money left over. Or you could indulge in 10 acres in California. The Chartwell Estate, a 25,000-square-foot mansion in the Bel Air neighborhood of Los Angeles, has hit the market for a whopping $350 million,... More »

Couple Buys Mansion-Lined San Francisco Street for $90K

New landlords could charge residents for street parking

(Newser) - A real estate-savvy couple is now the proud owner of the streets and sidewalks of uber-wealthy, uber-exclusive San Francisco gated community Presidio Terrace. But residents of the 35 mega-mansions lining the private, oval-shaped street are pushing back, reports the San Francisco Chronicle . South Bay couple Tina Lam and Michael Cheng... More »

You Can Now Own the Charlotte's Web Farm

44-acre property in Maine once owned by EB White is up for sale

(Newser) - A piece of Americana is up for sale in Maine: The farm on which EB White lived and used as a setting for Charlotte's Web is on the market for $3.7 million, reports the Portland Press Herald . Owners Mary and Robert Gallant say they're reluctantly selling the... More »

$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 »

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