Homes You Can’t Afford

by CD on October 22, 2009 · 0 comments

Tranquility, the Largest Private Landholding at Lake Tahoe.

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Translation: Two-hundred ten acres…20,000 square-foot-plus main residence with nine bedrooms, fourteen full baths, five half baths, eleven fireplaces, nineteen-seat theater, 3,200 bottle wine-cellar, grand staircase that’s a replica of the grand staircase on the Titanic (Huh? Something wrong with the stairs on the Luisitania?), plus eight ancillary buildings including guest residence, staff residence, art studio and boathouse pavillion.

tranq2But wait, there’s more: gymnasium, stable, two par-three golf holes with 3,500 square foot putting green, meandering pathways, forest trails, panoramic views of Lake Tahoe and the Sierra Nevada and I need to sit down. Oh yah, $100,000,000. Go ahead, escape your probably not this tranquil life for a few minutes by visiting the Tranquility website.

Grand and Elegant Neo-Italian Renaissance Mansion in Manhattan.

nycfoyerCommissioned in the Twenties by a prominent New York merchant, behind a stately, distinguished and architecturally-significant limestone facade, you’ll find five floors of flawlessly tasteful marble-clad, hand-carved hardwoods, wrought-iron magnificence, 21,000 square feet of open range for city people for $75,000,000. Let’s go to the mortgage calculator, shall we? Enter your 20% down: $15,000,000. Figure thirty years at 5.5% on $60,000,000. Add an estimated annual $760,000 for property taxes, $225,000 for hazard insurance and, oh what the heck, $150,000 for maintenance. Click the Calculate button et voila! There it is, your monthly payment: $451,256.

The Most Important Private Residence to be Built in England Since the 19th Century.

uptownWow.  At least according to the developer.  You’ll find Updown Court 25 miles outside London in Windelsham.  The owner is asking $115,000,000, more or less, for the twenty-two bedroom home on fifty-eight refined acres.  If you’d like to schedule  a showing, forget it.  It’s not going to happen.  Take the virtual tour and be happy.

Villa Leopolda, Villefranche-sur-mer, Cote d’Azur, France.

leopoldpoolBuilt by King Leopold II of Belgium in 1902. Those Belgiques know how to live, n’est-ce pas? Anyway, in 2008, a Buyer made an estimated offer of $545,000,000 with earnest money of $55,000,000. Something nasty must have turned up in the inspection because the Buyer wanted his money back. As you might guess, it’s been quite a squawk.

largestairsTo be fair, none of this means Villa Leopolda isn’t a nice house.

Fleur de Lys, 350 North Carolwood, Holmby Hills, Bel-Air, Los Angeles, CA.

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No, this isn’t where they filmed the Beverly Hillbillies. That was another, smaller place close by. Fleur de Lys is a 53,000 square foot home on five acres located between Bel Air and Beverly Hills in Los Angeles. The Seller is asking $125,000,000 for this fifteen bedroom, sixteen bathroom charmer. And it qualifies for the $8,000 first-time home-buyer tax credit.

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