The Most Expensive Home in America For Sale

[@LeekChan00]

is it close to a grocery store tho?

[@shocellist]

Agreed on #1. Hawaii also has astronomical housing prices. You can easily hit $900K for a three bedroom, 2 bath condominium unit.

[@dangerouslytalented]

Diminishing returns. In order to have it 10% bigger, it will cost double the price because you have to buy up the entire block, there are physical limits to how big you can get it, short of putting bridges and tunnels over or under public roads. Particularly within wealthy suburbs.

[@ho2cultcha]

i visited a friend in Tiburon when his dad was getting his home ready for sale. that house ended up being the most expensive home sold in the usa for several years - 65 million. it was pretty amazing - architecturally and the location and views were unbelievable. my parent's neighbors in new england have a home which makes this one look average. greenwich prices are obviously beyond ridiculous.

[@waswestkan]

Donating the use of the property to a non-profit to provide those services *could* reduce the cost of ownership while retaining the benefits of owning such an asset in the long run. However there has to be a demand for those services where the property is located.

[@Sartorius988]

Grass courts are different from normal hard courts. They are a completely different surface. They offer faster and lower bounce than normal hard courts. They are used in Wimbledon.

[@GordonMeacham]

Are you sure this is right? The house etc is located at 499 Indian Field Rd 06830 and is assessed at $19,000,000. Still, that's $160,000+ in taxes/year.

[@Kingwboxing]

Never mind that. Imagine what the property tax is.

[@majikl8917]

It's also important to recognize that when we are talking about the people who have the money to afford a house that is nearly 200 million, there is no longer any risk involved. Once you have that much money, there is a system set up that privatizes gains and collectivizes losses. So these people are no longer gaining wealth based on risky/bold/entrepreneurial decisions.

[@CSILogic]

There is something missing to that story. To make $20K per year, which is $9.62/hr, full time. You 2 full time jobs, that's $40k per year. Unless he worked an insane amount of OT and during weekends, or made a lot more than $9.62/hr as a janitor (doubtful), it is simply NOT MATHEMATICALLY POSSIBLE to make $150k in 3 years like that. And that also implies not spending a dime on anything, no taxes taken out, no clothes, food, hotels, absolutely no spending at all. Something doesn't sound "legal".

[@SockPuppet80]

Grass makes everything better, Ana. I do declare. And in the tennis sense, it's a very different sport depending on what the court is made of. Grass is used at Wimbledon, clay at Roland Garros, acrylic/asphalt at the US Open, etc.

[@TurkiyeCumhurbaskani]

can you imagine the property tax of this property for a year??

[@crankCINEMA]

in london a home sold for 250 million pounds

[@kodguerrero]

In south africa, someone bought an entire hotel for 150k........

[@clausewitzmoltke]

Each bedroom does not even have a separate bath. It is a dump

[@Luxmans]

I bet the yearly cost of just keeping the house in order is more than most houses are priced at.

[@PHlophe]

and a much larger and much better that is. the maintenance of this property alone will be 2 millions/year alone.

[@Kyle_Sherrington]

Agreed. This should not be looked up to in any way.

[@FURYCHAOS184]

This is in New York State. Near a city which is a command centre for the global economy and one of two Global Alpha cities as well as London.

[@Bender4411]

The monthly insurance bill on that house is probably more than the average American middle class home costs.

[@theronin]

but you would be giving the state a huge problem... cost of running said shelter, cost of maintaining all those acres, cost of maintaining the buildings and cost of maintaining the actual programs, unless you are willing to fund the programs and all the costs as well.

[@runits]

sorry anna you are wrong.. they will get that price if not more. the area is insane. and thats the best plot of land in the area. even if the new owner takes the house down it still a deal.

[@ZahraMazdaki]

No. We were still investing during the housing crash. We weren't really affected most of our US real estate is in Cellphone towers and commercial office building but we moved our investment strategy from mostly US real estate into developing countries IE, Brazil, Bolivia, Argentina, Peru and Malaysia. Still very good ROI. But the US crash helped us out, we learned to diversify over broader emerging markets.

[@AlexanderMccarthey87]

I was wondering about that. Only land value would inflate this home that much.

[@hOtneO]

My friend is a chef with his own restaurant. Started off doing everything and it took a toll on his body. Look like he aged ten years. So brought on a sous chef but that only made things worse, food wasted, unreliable, and it was the same with other people when he wasn't there. So his days off meant showing up to 'babysit' them at random hours. It's the nature of the beast and harder than you make it out to be by no fault of his own. Eventually sold the place.

[@eleanornjim]

Real estate reps do not look at comps when dealing with property in this price range.

[@romperstompist]

Town I spent some time in had 1 half basketball court with 1 hoop. 5 churches, 1 school building, 1 bar, and 2 liquor stores. 1 Gas station, and a Gas station just outside of town. Murika.

[@FaceOfGod2]

It's in CT. You'll pay 11 million per year in property taxes. I live in CT. it sux

[@TheNormal256]

Ugh, nice house but it's in Connecticut. So you pay $190,000,000 for a house and you still have to have snow removal. A home that expensive should be in Southern California somewhere where it's 75 degrees and sunny all year round

[@Yvaelle]

It was I'm pretty sure, the front lawn is used as the lawn of the Buchanan's. Not sure if they also used the interior.

[@Tomzo711]

What they left out was the grass in the tennis court is actually manufactured from shredded $100 bills.

[@PyleZAP97]

Beautiful home. They never stated the age of the house? How many owners and renovations? Or if it is on a historical registry?

[@dizmix]

They should put that thing up on airbnb.com !

[@CoolProveIt]

Nobody will ever do this.

[@admfrus]

isnt this the same house they used in crank 2 high voltage at the end when he got electrified

[@NathanaelFaunce]

They're somewhat common, but I've never heard them called a "solarium" before. Must be a New England term. In the South they're called a sun room.

[@moonlily1]

Why does "someone have to have a $190 million dollar house"? I don't think that's logically defensible. Just because you can afford one doesn't mean you have to buy one.

[@Kougeki1000]

because the only kind of work that deserves reward is unskilled labor for minimum wage.

[@IShotMyLastMuse]

And on the other end of the scale, i have been comparing specs of cell phones for the past 3 days trying to find the best value for my just over 200 usd budget.

[@RiC_David]

That depends if you had a surplus in the first place.

[@Yvaelle]

The staff would know, a place like that probably has 20+ staff who live there on the service floor.

[@threeofwands]

There are many mansions on the market now for less than 50 million that put this place to shame. It's not the structure per se, its the value of the land. The owners are hoping someone will buy the land. The best option for new owners would be to level the house and put up some type of gaming operation.

[@Excalibur_86]

Its a bargain ! The same property would cost way more near beijing or shanghai

[@408Magenta]

Does that include the electricity?

[@MrHardCash]

These are not "extremely stupid investments". In fact, at their level, these aren't even considered from the risks I've mentioned in a previous comment. These are what is considered "safe risks". These investors have reached a "don't care" level. Enough power that if something goes wrong, they know they can get it back through manipulating the gov through law. They are willing to make more and more of these "stupid investments" while other people won't dare.

[@MewsicalMiqo]

Buying a used house? How utterly common I do declare.

[@dagrimmreepa]

There's a BIG BIG difference between grass courts, and those made out of clay. It's not a matter of rich/not rich, it's a matter of how the surfaces affect the tennis ball's trajectory and rebound velocity. Different strategies and methods of play are used depending on what surface you are playing on. Of all the things to make fun of regarding this house, the courts aren't one of them.

[@benjaminwilson2294]

they do, its not like its backyard grass at your house or something, if you've been golfing it would probably be more along the lines of a putting green i guess. I've seen tennis tournaments played on grass before

[@Yukikazehalo]

its a pretty nice house but would cost 1/3 that if it wasnt on an island and was located anywhere else in the US.

[@einbit]

Its not like they flew it to the US from France. Someone built it there. I think the point is that for 180 million you could build a nicer house with more land exactly the way you want it.

[@wasserbrunner]

grass is a famous surface to play tennis on

[@GBart]

A group of people should get together and buy it and turn it into a rehabilitation clinic or hospital or something.

[@Baalthazaq]

1) Not true. Median Home price in New York is $1.1M. Mean is over $2M. Prices, even in the US, vary. Take my Grandparent's house at one point: Grandpa, Grandma, Uncle and his wife, their 4 kids. Other uncle (just finished college). Aunt and her husband (financial trouble, had to move out of their home), their two kids. One of my grandparents needed a full time carer. 9 bedrooms is perfectly reasonable. You're not going to find that in an expensive country, during a housing boom for under 1M.

[@ravenswood118]

I'm obsessed with real estate, look at properties on sale all the time all over the world, and there is literally nothing about this property that makes it worth $190 million. You can get 2,000 acres and 15,000 square feet in the same part of the country for $16 million with the same amenities (pools, wine cellars, etc).

[@REMEGORAS]

NO ONE needs a house that big...

[@StunnedByStupidity]

Hats off someone with brains and compassion. If they invent a cloning machine, PLEASE barge your way to the front of the queue the world desperately needs voices that care right now...

[@christophermartin8685]

Speaking of huge homes, have you been to Versailles?! That place makes this house look like a shack in Mumbai.

[@StereOasis93]

You can buy an island in the Caribbean for under 10 million

[@BrennanAndrewWittig]

Only when the last tree has been cut down; Only when the last river has been poisoned; Only when the last fish has been caught; Only then will you find that money cannot be eaten. -Old Cree Proverb

[@Chiszle]

I've actually lived in a house 3 times bigger than that one. Wasn't much fun.

[@dgb751]

I've played on grass courts, it's harder.The ball doesn't bounce as much so u gotta hit it harder. but I think its the original style court, tradition.

[@flipmaya]

That's exactly what the original house owners try to do. But then they run out of money.

[@waswestkan]

Building or purchasing such a property probably doesn't have a thing to do about wise investments IMO they are in the category of expensive toys of the ultra wealthy, toys which in themselves is about self fulfillment

[@burnngpigs]

The people saying to build a mansion instead of buying one its not that simple especially for this big scale house. first you would would have to buy supplies which will cost you millions of dollars then you would have to hire professionals to help build and that depends what company it is. Well before all that you also have to buy the plot of land which will cost at least 3 million for 50 acres on 2 islands. And you have to have a license for it. So if any one has 100 million that the....

[@AlexanderMccarthey87]

You know I've seen a lot of real estate and you raise a good point. It really isn't all that much different than what you could get for 40 million. Its nearly the same. I think this house is a trophy. Nothing more. I'll bet every time the owners have a guest they tell them its the most expensive house in the country. There are a lot of rich, not super rich mind you, that are never fully satisfied with what they have. This house is clearly a product of that.

[@buddy5335]

I remember when Bill Gates built his lake front property in Washington state for 50 million dollars, someone commented that was like 2 weeks pay for Bill so what is the big deal.

[@JRMCNEA]

Thats a good scam. Not a good investment. in a marketing sense, Anyone can invest. not everyone can get away with a scam.

[@w215philly]

Imagine how much good you could do with $190 million.

[@hOtneO]

The irony is that if you had that much money you're probably working 24/7 and won't enjoy the house. Think Lamborghini on 65 mph roads. You're just not going to use it the way you imagine it after you buy it.

[@treehuggerkyle]

Some fraternity should buy it. That'd be awesome.

[@aq1q]

13k sq ft for 190 M, wtf are you kidding me?! It should be like 60k sq ft

[@wojovox]

The distance between the wealthy and the poor has stretched too far.

[@dombomb97]

Grass tennis courts are fairly normal...

[@ZahraMazdaki]

Who said it's about working 100 hour weeks? Ever herd work smarter not harder? I beg to differ a little bit. When you are a businessman or women your income is based off of what you do, you don't get paid if you don't work. In doing so you take a greater amount of risk, thus the payoff should be more. It's one thing working 60hours a week at a set rate then to invest your own capital and take all of the liability in hopes of producing a high rate of return. .

[@stevenvh17]

Tennis on grass is faster than on gravel.

[@StereOasis93]

the biggest rip off ever! that house is nowhere near worth that price!

[@wogahboy]

Probably cost over a million dollars a year for up keep on a house like that. Not worth it.

[@HumbledByGreatness]

I'll be taking my house down if I don't get a offer by Monday.

[@NickWillSteele]

It's the embodiment of the rich people's cliché of having an unnecessarily large plot of land, with an unnecessarily large house, where most of the rooms would remain empty most of the time, just because they can. It acts more of a symbol of a persons wealth than a realistic place to live.

[@hOtneO]

The lack of prosecution emboldens them to do even more outrageous investments. You never heard of 'privatize the gains and socialize the loss'? That's what happen that you continue to deny.

[@pokegan52]

In diablo California where I live, that mansion would be only 12 million.

[@blackkakari]

Luck and genius do apply. Starting a successful business: It takes intelligence to run a successful business and it takes luck for your product to stay in demand. Making a good investment: It takes intelligence to know where to invest and some luck for what you invest in to stay profitable.

[@Henchman_Holding_Wrench]

As much of a waste of space as golf courses.

[@1Pr0digy]

I have no problem with it because it has already been built. The problem is that with high wealth inequality is that our productive potential is more and more focussed on fulfilling the needs of few rich people neglecting the basic needs of the general population, which is the very real problem deriving from the inequality. So if we keep it this way, we will have more houses like that and less more expensive homes for the average people.

[@JRMCNEA]

really?The Middle to lower class work 1700 hours a year. The Upper middle to upper class work 900 hours a year. Not even to go into the fact that the Hours worked by the first number is mostly production and physical work. While the second number is meet and greets. And where meeting over lunch count as work hours. More numbers being thrown? Well I picked them up from the Department of Labor's statistics.

[@yonisali3879]

190 for 12 bedrooms the numbers dont add upp

[@PIlotrcm]

I bet the taxes on that house have to be a HUGE! But if you can afford a house o this price, money isn't an issue.

[@ZahraMazdaki]

That's just stupid. He is a developer. Everyone knows in high end luxury its skys the limit on how you market the property. I can guarantee you it cost no more than 30 million to built the house, labor costs, architect, permits, and land value. They sell the homes at huge markup. Some wealthy people are dumb enough to spend a shitload of money just because it's expensive.

[@Chaoitcme]

A house like that probably has a team of armed security guards patrolling the grounds at all times.

[@hashbrownie182]

I live in Greenwich. Too much hate towards us honestly; we're not all 100 millionaires.

[@buddhafyre]

Mukesh Ambani, an industrialist in India spent a billion dollars on a skyscraper which serves as his personal estate

[@Jarethenator]

That's a secret, they can't put that in the description.

[@NoEphingIdea]

do they come with 50 acres of land? didn't think so

[@buddhafyre]

severely overpriced even given the region...

[@BigDeanEnergyGaming]

and when was the last time you went out and helped someone? dont hate on someone with money when you can help out too

[@TIMIMPALA420]

That house will be flooded over in no time.

[@MaicoMoon]

190 million and only 12 bedrooms, lol, what a rip off.

[@boofcario]

The grass tennis court sounds awful. The ball wouldn't bounce good =_=

[@lukaszepesi]

It looks really nice. And if you factor in all the land you're getting with it it is worth quite a lot. But i does depend on the demand of course.

[@scarlettelisabeth5644]

A half bath is a toilet and sink