Today's Wall St Journal had an interesting article on some US contenders for the next residential property to sell over $100 Million - they sent two reporters off to give the odds of each contender making it. Odds ranged from 60% chance to less than 1% chance. There are photos of the properties online with the article. The reporters spoke with agents, appraisers and others in each area, used at least four brokers to come up with their odds, and here are their handicaps - the odds of each setting a new record, surpassing the recent $103,000,000 sale. All of these properties came on the market in the last year:
Hala Ranch, Aspen, CO - $135 Million - 60% chance of breaking the record
Fleur de Lys, Los Angeles, CA - $125 Million - 55% chance of breaking the record
Maison de l'Aminitie, Palm Beach, FL - $125 Million - 42% chance of breaking the record
Tranquility, Zephyr Cove, NV - $100 Million - $100 Million - 1% chance (would have to sell over list)
Hearst Estate, Beverly Hills, LA - $165 Million - Less than 1% chance of breaking the record.
Tim Blixseth's $155 Million Montana estate isn't counted - probably because it isn't completed yet.
OK, I'm open to bribing. If you give me the right bribe while you're betting, I'll happily steer a client towards that listing...
Or not so much.
Kay - of course you'd have to subtract your costs. One of the listing agents for the Los Angeles property reportedly spent a month in London, Moscow, Istanbul, Dubai and the Cote d'Azur meeting with potential customers. Tough expenses!
Ines - whoever came up with the idea, it was the #1 story in WSJ yesterday!
Lane - actually it's really hard to get a showing scheduled for some of them. One agent told me he'd had over 1,000 requests for showing one of those, but had only allowed 11. Keeping showings to only really qualified buyers would be quite a task.
Katerina - what say we each sell a dozen $10 Million homes instead of Trump's?