If we are being honest, we have a little bit of a fascination with over-the-top real estate. Doesn’t everyone on some level? 9-digit listing prices, mind-boggling square footage–who wouldn’t be curious? Fortunately for all of us real-estate junkies, Redfin has compiled a list of the most outrageous transactions of 2014.
The 3 Most Expensive Sales
All three of the most expensive home sales this year had their fair share of the spotlight. Two of the homes belonged to big-time celebrities and the third was all over the news as the highest price ever paid for a home in the U.S…. The actual selling price has since been reduced but a BIG story nonetheless.
The Cash is King-dom
Originally reported as the most expensive home sale of all time at $102 million, the Fleur de Lys mansion in the Holmby Hills neighborhood of Los Angeles eventually sold for $88.3 million. It was still the most expensive sale of the year, but not ever. What’s most impressive is that it was reportedly an all-cash deal.
This Palm Beach estate actually consists of three separate addresses, one of which was once home to Mr. Margaritaville himself, Jimmy Buffett. I wonder if he ever had a cheeseburger in this paradise.
This mega-mansion in Brentwood belonged to two mega stars: New England Patriots quarterback Tom Brady and his supermodel wife Giselle Bunchen. The pair sold the estate that they reportedly spent four years building to rapper and music producer Dr. Dre.
The 3 Largest Homes Sales
The average home in the U.S. is right around 1900 square feet. Each of these homes was more than 15 times that size.
Everything about this property is big. Formerly owned by heavyweight boxing star Evander Holyfield, it happens to be the largest single-family home in the state of Georgia. “Villa Vittoriosa” (The Victory) has 12 bedrooms, 13 full bathrooms and eight half-baths, as well as an outrageous 350,000-gallon pool.
This palatial property right outside of San Francisco was built at the height of the Great Depression by renowned architect David Adler. It was a behemoth property at the time of its construction but has really stood the test of time.
Mi Casa Es Su Castle
This estate is 20 minutes outside of Tampa, and that’s probably the same amount of time it takes to walk from one side of this home to the other.
The 3 Highest “Over-List” Purchases
In competitive markets, homes often sell for more than their list price. But sometimes that “markup” is extreme, as with these three purchases. It’s really no surprise that two of these three homes are in the Bay Area. The market was the center of real estate competition this year. On average, more than 60 percent of homes for sale faced bidding wars and it seemed no one really cared what they had to pay to win.
“The Bay Area real estate market was an absolute feeding frenzy this year, especially in Silicon Valley where nearly every home was selling quickly and for above list price,” said Redfin real estate agent Mia Simon. “Usually the $3 million market is a slower market, but I just sold a $4 million home in a week to an all-cash buyer.”
Malibu’s Most Wanted
How much is a house on the sand worth to you? Well, apparently it’s $5 million more than you’re thinking. The new owner of this prime piece of real estate on the highly coveted Malibu Beach paid $20 million for this home, which was listed for just under $15 million.
From the outside, this home in Palo Alto looks pretty basic. But there was nothing basic about its sale price. This property actually consists of two newly constructed homes in a highly coveted neighborhood. Jackpot! On the market for about a week, this baby was a hot property, so hot the new owner ended up shelling out nearly $2.8 million more than the asking price to snag it.
Priceless in Pacific Heights
Sitting pretty in prestigious Pacific Heights, this home flew off the market in just a few days. The new owner of this home in San Francisco wasted no time offering $11.75 million to win their spot on the hill, $2 million more than the owners asked for.