Even the World's Most Expensive Homes Become Bargains

Even billionaires are feeling the Real Estate crunch. Many of the 9 figure homes that previously made Forbe’s World’s Most Expensive Homes list have been reduced in price and have fallen off the list or have been removed from the market. I have yet to see a $100 millon short sale…but then again…the real estate crunch is not over. Last year, a 40-acre Greenwich, Conn., property with a 21,897-square-foot, 14-bedroom Jacobean manor was listed for $125 million. It was the world’s second most expensive home for sale. It now sports a $60 million price tag and falls just short of making Forbe’s 2009 list.
Many of the sellers in this exclusive list of homes are resorting to measures such as price cuts of 20% and higher to move their homes. Last year, investor Marty Zweig pulled the $70 million Pierre Hotel penthouse off the market after it was listed for four years. Financier Leonard Ross, who had asked $165 million for the Hearst Mansion in Beverly Hills, Calif., de-listed it in September 2008. A few months later, Prince Bandar of Saudi Arabia removed his $135 million Aspen ski lodge from the ranks of available listings. This year, “Hillendale,” in Stamford, Conn., fell victim to the depressed housing market. It was listed for $95 million. It’s no longer for sale.
Although many of us are not in the market for a 9 figure home…it does make for some interesting reading to see these amazing mansions. I always wonder if I found myself being Uber-wealthy…I most likely would not want nor know what to do with a 56,000 square foot home…but then again I am not uber-wealthy.
Here is the list of the Top 6 of Forbe’s Worlds Most Expensive Homes