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The most Expensive Homes in the World in 2016

What defines a rich person nowadays and how does she display their privileged status? Obviously, the expensive clothing accessories, various unique articles, a car park populated by extravagant exhibits, private plane, yacht vacations in exotic places and more. But perhaps the most emblematic and sustainable element that gives dimension to the financial possibilities of a man is his property. And, as the world is full of records, there is of course a classification of the most expensive homes in the world ... which could hardly be called houses.

It’s time to look back on the biggest purchases from last year, which saw record prices well into the nine figures for some of the most lavish properties around.

Known as the ‘one billion yuan luxury home’ due to its price tag in local currency, the house set a record in mainland China after hitting the market for a cool $154million (£126million).

The home is even being marketed under the heading ‘Taohuayuan,’ which means ‘utopia’ in Mandarin.

While the home is a record for mainland China, it still falls short of a luxury property in Hong Kong that was sold last year for $270million (£221million).

1. A luxury residential home in the exclusive Peak district of Hong Kong (seen above) sold for $270million (£221million) in 2016

2.In Texas, Beal Bank founder Andrew Beal shelled out $100million (£82million) for a 28,000-square foot mansion (above) in Dallas

3. The Crespi Hicks Estate, which sits on 25 acres, has seven bedrooms and numerous bathrooms as well as 14-foot-high ceilings

4.The Crespi Hicks estate was once owned by Tom Hicks, the prominent Dallas businessman and former owner of local sports teams like the Texas Rangers and Dallas Stars as well as English Premier League side Liverpool FC

5.Detroit Pistons owner Tom Gores paid $100million (£82million) for a 30,000-square-foot property in exclusive Holmby Hills (above)

6.The house at 301 North Carolwood Drive (above) was once home to the estate of singer Barbra Streisand

7.The home, which is across the street from Frank Sinatra's former pad, consists of 10 bedrooms and 20 full baths spanning 38,000 square feet

8.The property comes equipped with an entertainment pad. It boasts of a lounge, theater complex, wine room, and separate valet entrance

9.As if that weren’t enough, it has a 5,300-square-foot master suite with a private covered patio

10.  Hugh Hefner originally asked for $200million (£164million) for his prized Playboy Mansion (above), but he had to settle for a measly $100million (£82million)



Projects from this area

10 Harbor, USA, Hollywood

10 Harbor will offer 10 exclusive luxury 3 bedroom townhome residences planned by Sunset Harbor Residences.

Each unit will be delivered with flooring throughout. Each residence will feature it’s own private boat/yacht slip, private elevator, and private 2 car garage as well as 3 full baths, a powder room for guests, wood cabinetry in the kitchens by Mia Cucina with high-end gas ranges and appliances, floor to ceiling high impact glass windows, oversized private terraces with private hot tub, summer kitchen, and sweeping views of the Intracoastal Waterway and Hollywood Beach.

LOCATION - 2800 N. OCEAN DRIVE, HOLLYWOOD, FL 33019.

10 Harbor is located on the Intracoastal Waterway in the fast-growing neighborhood of Hollywood. The property is in walking distance from Hollywood Beach overlooking West Lake Park and just 15 minutes from the Fort Lauderdale-Hollywood International Airport. It is also in close proximity to local attractions like Gulfstream Park, South Florida's premier race track, and Aventura Mall, one of Miami’s top destinations for high-end shopping and dining.

UNITS / FLOORS

10 units; 3-stories plus garage. Each unit ranging in sizes from 2,721 sq ft to 2,805 sq ft. Ceiling heights up to 11’-3” in some areas.

BOAT / YACHT

Private boat/yacht slip approximately up to 60' in length and 19' beam.

TIMETABLE

Construction should be underway in the second quarter of 2016 with completion slated for Fall 2017.

PRICE RANGE

Pre-construction finished unit prices starting from $1.419 million residences.

(Prices are subject to change without notice)

10 HARBOR

Nestled between Miami and Ft. Lauderdale, the city of Hollywood is known for its beautiful stretch of beaches and excellent outdoor attractions. From oceanfront hotels to the newly opened Margaritaville Resort, owned by Jimmy Buffet, visitors will find no shortage of accommodations for a weekend getaway or long stay. Experience unique shopping, beachfront restaurants and bars, and a host of activities from sightseeing to live music along

Hollywood's Boardwalk. Hollywood is also seeing a rapidly evolving arts and culture scene, which includes grand murals, art installments, galleries, and the booming Arts Park at Young Circle, which is becoming one of South Florida's premier weekend hot spots. The expansion of the area, from strategic urban development to walkable streets, is catching the attention of locals and out of out-of-towners alike. Those looking for delicious food and a vibrant nightlife will discover much to do in Downtown Hollywood, with its various options perfect for any budget and preference. To make it even easier to take in everything the city has to offer, trolley services are available to transport guests to and from Hollywood Beach to Downtown Hollywood.


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The Manhattan, USA

The Project:

Classic building on the following address: 351 East 82nd  . including 26 units for rent, with high  occupancy.

The project’s condition is required different levels of renovation.

The average rent price in this project is: $1830, comparing to the average rent price in the buildings in the neighborhood: $2590  (for 1 bedroom flat).

The location:

The Upper East Side is located between the 59th St. and  96th St. and is east to Central Park.

Well established classic neighborhood with a wealthy population (including families such as: Kennedy, Roosevelt, Rockefeller and others).

Culture and Leisure: The 5th Avenue, Central Park, The Museums area: Metropolitan, Guggenheim and many more.

Education and Health: The famous University and Hospital: Mount Sinai.

The classic buildings, the wide pavements and the relative quite area attract high quality tenants.

The average household annual income is: $147,000- among the highest in the city.

The Strategy:

1.       Each apartment will become vacant once contract is terminated.

2.       Cosmetic and Gut renovation of all units, bringing them to high end market standards.

3.       Completion of the upgrading process within 24 months.

4.       Realization of the property at updated value, and creating substantial capital gain.


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