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Most expensive home sale in the US ever

N8 v2.0

Not the sharpest tool in the shed
Oct 18, 2002
11,003
149
The Cleft of Venus
Imagine the propery tax on that...

Last Update: Wednesday, June 22, 2005. 0:09am (AEST)

$90 million home sets US property record

A 40-acre estate in the Hamptons - the Long Island summer retreat of New York's rich and famous, has been sold for $US90 million, a new US record for a residential property.

The New York Post cited sources close to the deal as saying the purchase was made by a Swedish industrialist who has rented the estate for the past few summer seasons.

Owned by Adelaide de Menil Carpenter, heiress to the Schlumberger oil company fortune, the property's main residence is relatively modest - a three-bedroom, three-bath farmhouse.

However, the estate includes a two-bedroom caretaker's house, two guest houses, several acres of tillable farmland, a fully stocked man-made fishing pond, a lap pool and, most importantly, a substantial stretch of private beachfront.

The sale nearly triples the previous Hamptons' record of $US32 million that Seinfeld star Jerry Seinfeld paid for singer Billy Joel's mansion in 2000.

The Post said it also eclipsed the US record of just under $US70 million that New York billionaire Ronald Perelman paid for a mansion in Palm Beach in Florida, last year.
 

H8R

Cranky Pants
Nov 10, 2004
13,959
35
N8 said:
Imagine the propery tax on that...



However, the estate includes a two-bedroom caretaker's house, two guest houses, several acres of tillable farmland, a fully stocked man-made fishing pond, a lap pool and, most importantly, a substantial stretch of private beachfront.
However?

WTF?

Several acres? It better have several thousand.
 

Andy_B

Monkey
Jul 21, 2004
679
0
whereabouts unknown
Hey SS, I come by and help you dig the dirt jumps... I think they should be on the waterfront. What about you? Maybe a roll-in off the roof?

Let me know!
 

H8R

Cranky Pants
Nov 10, 2004
13,959
35
Please tell me that the Swedish Bikini Team lives there and they are all trained in deep tissue massage.

Also, there better be a groomed downhill course and a 115mph roller coaster that runs through the living room.

Otherwise, that guy is an idiot.
 

PBV

Chimp
Apr 18, 2005
62
0
Boston
I grew up around there (on the poor side of the tracks, comparitively). All that **** is Waaaayyy over-rated. Nice, yeah, but not worth it. It's all hype and **** out there. Hate the hamptons.

Too much sand and too flat for any good riding anyway.
 

MTB_Rob_NC

What do I have to do to get you in this car TODAY?
Nov 15, 2002
3,428
0
Charlotte, NC
H8R said:
Please tell me that the Swedish Bikini Team lives there and they are all trained in deep tissue massage.

Also, there better be a groomed downhill course and a 115mph roller coaster that runs through the living room.

Otherwise, that guy is an idiot.

Ya those Swedish industrialists are always pretty dumb. If you had 90billion dollars in the bank, I doubt buying a home for 90million would sound idiotic.
 

N8 v2.0

Not the sharpest tool in the shed
Oct 18, 2002
11,003
149
The Cleft of Venus
Offerings in the SoCal area:


3326 MALABAR ST Los Angeles, CA, 90063 offered at $225,000
Bedrooms: 3 Bathrooms: 1 Full / 1 Partial Year Built: 1920




Home Details $330,000 1029 W 151st Street, Compton, Ca 90220 Map it! Listing provided courtesy of C-21 Action Bedrooms: 3 | Bathrooms: 2 | Sq Ft: 1,200 Comments: No comments provided.
 

sam_little

Monkey
May 18, 2003
783
0
Portland, OR
I understand wanting both the beach access and the close proximity to the city, but couldn't someone that makes enough to cover a $265,000/mo mortgage afford a private jet to a really nice beach (i.e. NOT in New York) whenever they wanted? F-in stupid.
 

El Jefe

Dr. Phil Jefe
Nov 26, 2001
793
0
OC in SoCal
firetoole said:
30 year mortgage

$90,000,000

6% $5,400,000

$265,000 a month :eek:
Do you really think he financed it? Even if he did, do you think he'd get a 30 yr fixed? If anything, he'd pull a super low interest neg am loan and pay it off based on his chosen time period of ammortization.
 

narlus

Eastcoast Softcore
Staff member
Nov 7, 2001
24,658
65
behind the viewfinder
exactly. those people aren't the kind who deal w/ joe schmoe mortgage lenders. still, what kind of idiot spends that amount of coin on a house?
 

narlus

Eastcoast Softcore
Staff member
Nov 7, 2001
24,658
65
behind the viewfinder
i thought about that, but after reading an article about him when i was in sweden, he doesn't seem to fit the bill for spending so lavishly. no doubt he's got the cash, but he came off as a very thrifty, no-nonsense guy. the hamptons don't seem like his gig. he'd probably use the 90 million to buy greenland from denmark.
 

James

Carbon Porn Star
Sep 11, 2001
3,559
0
Danbury, CT
PBV said:
I grew up around there (on the poor side of the tracks, comparitively). All that **** is Waaaayyy over-rated. Nice, yeah, but not worth it. It's all hype and **** out there. Hate the hamptons.

Too much sand and too flat for any good riding anyway.
Ah ha ha ha ha, yeah.
I hate the Hamptons.
North Shore 4 life!!!
 

BigMike

BrokenbikeMike
Jul 29, 2003
8,931
0
Montgomery county MD
Narlus should be banned for posting Mr. rear of the year!

:)


And 90 mil for a house, thats crazy. He could have bought a Nicolai AND a Karpiel. Think of the possibilities!
 

Potroast88

YouTube Boy
Jan 18, 2004
2,834
4
Bomb City
#1...Why in the HELL would you have pics like that on your computer???
#2...Why in the HELL would you know where to get them???
 
D

d-sop

Guest
you guys dont know about palo alto and atherton, ca. those tiny-ass houses would be going for millions.
 

N8 v2.0

Not the sharpest tool in the shed
Oct 18, 2002
11,003
149
The Cleft of Venus
Yesterday I had a couple qualify for a the following loan:

*100% of the purchase price plus closing
*No money down
*No PMI payment
*5.25% on a 30 year note

Through Hibernia Bank... amazing!

The next mortgage product will be one where the lender accepts less than the monthly payment required under the terms of the note...in exchange for a pre-determined percentage of any future appreciation.

The lender will be a "partner" in the investment.

It's the only way other than negative amortization that people will be able to afford to buy homes in certain zip codes (BrianHCM#1).
 

narlus

Eastcoast Softcore
Staff member
Nov 7, 2001
24,658
65
behind the viewfinder
N8 said:
The next mortgage product will be one where the lender accepts less than the monthly payment required under the terms of the note...in exchange for a pre-determined percentage of any future appreciation.

The lender will be a "partner" in the investment.

It's the only way other than negative amortization that people will be able to afford to buy homes in certain zip codes (BrianHCM#1).
does anyone else's calendar read 1929? :think: