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$100 Million Mansion: Most Expensive Home in U.S. Bought by Russian – Yuri Milner

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The most expensive single-family home ever sold in America has just been bought for $100 million by a Russian billionaire. The lush mansion in Silicon Valley has been compared to a French Chateau, thankfully they said on steroids because apart from its size, the mansion has little else in common with any Chateau!

With 5 bedrooms, 9 bathrooms, a ballroom and indoor and outdoor pools the 25,500 square meter mansion on 11 acre grounds is certainly an impressive home. However its buyer, Yuri Milner, who lives in Moscow with his wife and family, told the Wall Street Journal through a spokesperson that he has no intention of moving into his grand new acquisition.

49 year old Milner made his fortune with Digital Sky Technologies and well timed $200 million investment in Facebook 2 years ago, which is now worth $10 billion. Yuri Milner also invested in GroupOn.

Meanwhile, back in the real US world — where people still buy houses to live in them — house prices are still falling practically across the board, with the average house price in some major cities lower than it has been for 11 years.

Most Expensive Homes in the United States – 2010

One thing that this global recession and accompanying housing crash has shown us is that the ultimate in prime property will hold its value, and in fact grow during such times.

We recently profiled the most expensive homes in the world, and compared it to a similar list we compiled in 2008. Not only did this show that the world’s most expensive homes were more expensive on the whole, but because several properties featured in the 2008 list were in the 2010 list with a higher price tag, it also showed that prime property prices had risen.

We will now feature the most expensive homes in the US, as some of these homes appeared on the global list for 2010, we will see what their value has done over the past few months.

The Manor – Holmby Hills, California – $150 million.

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The Manor is a 56,500 square foot English-style mansion set on 4.6 acres and owned by Aarron Spelling’s widow.  The property features a library, gym, bowling alley, wine cellar, gift-wrapping room and media room.  The grounds feature pools, gardens, a waterfall, and parking for over 100 cars.

The Manor was the 8th most expensive home in the world in April.

Fleur de Lys – Beverly Hills, California – $125 million.

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At 35,000 square feet, Fleur de Lys pales beside the Manor in terms of size. In terms of splendour however, few can match the 12 bedroom 15 bathroom mansion modelled on the Palace of Versailles.  In terms of features, Fleur de Lys boasts a 50-seat screening room, as well as Italian marble and gold-embossed leather walls.

Fleur de Lys was the most expensive home in 2008 according to our list compiled in November.

Tranquility Estate – Lake Tahoe, Nevada – $100 million.

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Owned by Joel Horowitz, co-founder of the Tommy Hilfiger brand, Tranquility Estate is the ultimate in luxury, set in 210 acres of Lake Tahoe wilderness.  The main-home is 20,000 square feet and includes a cigar lounge, art studio and gym, and a staircase that replicates the one on the Titanic. The grounds feature a golf course and boathouse.

Tranquility Estate has been on the market for four years, and was the fourth most expensive in 2008.

Kaiser Estate – Honolulu, Hawaii – $80 million.

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Among other things Kaiser Estate is rich in history, having once been home to industrialist Henry J. Kaiser.  The property spans 5.5 acres, split into 3 oceanfront parcels with tropical landscaped gardens forming the grounds. The main-home is 15,000 square feet with beautiful views. The ground also feature a 12,000 square foot boathouse and a marina.

Humming Bird Nest Ranch – Simi Valley, California – $75 million.

Ext. HNR - Dock - Day

Humming Bird Nest Ranch is a gorgeous 123 acre estate featuring a 17,000 square foot Spanish-revival-style main home, ten townhouses, parking for 200 cars, a helicopter pad and a full equestrian facility.

Former Julius Forstmann House – New York, New York – $75 million.

Julius Forstmann Mansion New York

This really is one of the most uniquely special properties on the list; a five storey, 21,000 square foot limestone townhouse in New York’s Upper East Side, with a trendy address near Fifth Avenue.  The landmarked building, which was built in 1922 for Forstmann, a German merchant, has retained many of its original features, including the marble staircase and hand-carved mouldings.

Porcupine Creek – Rancho Mirage, California – $75 million.

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The owner of Porcupine Creek is selling due to bankruptcy, making this one of the few distressed sales you will ever see in this price range. The property features a 25,000 square foot main home, pool, spa, grotto, gym and a 19-hole golf course that won acclaim from Golf Digest magazine. It went on the market in early 2010.

Other luxury properties on the top ten most expensive list:

1016 Madison Avenue – New York, New York – $72 million.

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Three Ponds Farm – Bridgehampton, New York – $68 million.

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Robert Taylor Ranch – Brentwood, California – $65 million.

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World’s Most Expensive Homes – 2011 [Updated]

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Back in 2008, we published 10 most expensive homes in the world – 2008, we thought it would be a good idea to have a 2010 update of the list and so you can see how they compare for yourself. Anyway, here we go:

1. “Antilla”, Mumbai – $1billion (is now completed, click here to see it)

Antilla in Mumbai - Mukesh Ambani Billion Dollar Home

The world’s most expensive home in 2010 is unquestionable. It is the first $1 billion home the world has seen. A custom-build 27 story towering mansion, Antilla in Mumbai is the home of the world’s fifth richest man, namely Mukesh Ambani, head of Indian petro-chemical giant Reliance Industries, which is India’s most valuable firm by market capitalization.

With double height ceilings, ballrooms, crystal chandelier ceilings, retractable stages, and 600 servants, there is no other home on earth that compares to the 570 feet tall Antilla.
Update: World’s Most Expensive House – Antilia (Mumbai) Lays Empty!

2. Villa Leopolda, Cote d’Azur France – $525 million.

Villa Leopolda is an 80,000 square foot Chateuau built in 1902 by King Leopold II of Belgium. The villa has been rumoured to be the home of Bill Gates and many more global figures, but has actually been home to French banker Edmond Safira, whose wife Lily still lives there. The 19 bedroom villa, which boasts sports courts, a bowling alley, multiple kitchens, dining rooms and a movie theatre, received even more press lately when a Russian mogul lost his deposit on the property when he reneged on completing the sale.

3. One Hyde Park – The Penthouse, London – $200 million

This massively stylish modern penthouse may not be so expensive did it not sit atop the famous number 1 Hyde Park address. As it is in such a premium location it has been built as a home for the rich and famous complete with SAS guard, bullet proof windows, iris scanners, panic rooms and a secret tunnel to the nearby Mandarin Hotel. The building has communal spas, squash courts and wine tasting rooms, and the penthouse is served by 24 hour room service.

4. Fairfield Pond, The Hamptons – $170 million

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This 63 acre home is considered the largest residential compound in America. The 29 bedroom beachfront home of publicity shy billionaire Ira Rennert has 5 sports courts, a bowling alley and a $150,000 hot tub.

5. Hearst Mansion, Beverly Hills – $165 million

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This mansion — the former home of publishing giant William Randolph Hearst, the inspiration for the main character in “Citizen Kane” –, features 29 bedrooms and three pools. The estate became a pop-culture icon after being used in The Godfather movie, when the infamous severed horse’s head turned up in the owner’s bed. The fact that assassinated President John F Kennedy stayed in the mansion during his honeymoon also added to its status. The house has some notable neighbours, including Tom Cruise and Katie Holmes and David and Victoria Beckham

6. Franchuk Villa, Kensington – $161million

Franchuk Villa Kensington Belgravia Central London

Anyone else spotting a trend here (the most expensive homes being mainly in the UK and US, this making it 2 all). This Victorian Villa was a girl’s prep school until 1997, when it was bought and upgraded in 2006. After receiving a £10 million overhaul and refurb it was purchased by Ukrainian AIDS philanthropist, Elena Franchuk, and renamed the Franchuk Villa.

7. “The Pinnacle”, Montana – $155million

The Pinnacle Montana 155 million Dollar Ski Lodge

This is the home of Time and Edra Blixseth, owners of the billionaires-only golf and ski resort “Yellowstone Club” in Montana. It will be the largest and grandest property on the resort, but is still small in comparison to some of those on this list, with only 10 bedrooms. To catch up the property has impressive features such as every inch of floor being heated, a heated driveway and fireplaces in all bathrooms. (3-2 to America).

8. “The Manor”, Los Angeles – $150 million

The Manor Los Angeles Most Expensive Home in LA $150m

The home of Aaron Spelling, dubbed “The Manor” by wife Cindy, has 123 rooms for his family to choose from, an indoor skating rink, multiple pools, three kitchens, sports courts, private orchard, and a bowling alley. The home, which he had built from scratch in 1991 also has a room used exclusively for wrapping presents and an entire floor dedicated to closet space.

9. Updown Court, Windlesham, Surrey – $139million

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The description of this home is above, as it was the 3rd most expensive home in 2008. What is interesting however, is that in 2008 it was valued at $110million, meaning its value has grown substantially even during such difficult financial times.

10. Dracula’s Castle, Romania – $135million

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This home needs no introduction. Built in the 14th century, the castle is now a national monument and museum thanks to the legend surrounding it, which also needs no introduction. It has 57 rooms in total, including 17 bedrooms filled with antiques and historical artefacts. It wouldn’t do for the publicly shy Ira Rennert mentioned above, but for the quirkier billionaire, the 450 million tourists that visit every year may be worth it for living in Dracula’s castle.

Villa Leopolda Story Encapsulates how the World Changed Because of the Crunch

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In a story that perfectly encapsulates the changing fortunes of the world’s wealthiest in the past few years; Russian mogul Mikhail Prokhorov has just lost the 10% deposit he paid towards the purchase of Villa Leopolda, for $525 million from Lily Safra, socialite and widow of banker Edmond Safra.

Prokhorov’s offer was accepted in July 2008. At the time Safra’s camp had said that the villa wasn’t for sale but but Prokhorov’s offer was too rich to ignore. The deposit was paid into escrow the same month by Prokhorov’s holding company, and the sale was due to complete in December 2008.

Even The World’s Priciest Homes Drop in Value

Last week we featured a post on the World’s Most Expensive Homes which saw us salivating over some pretty nice properties. But even in the world of glitz and riches not everything is as smooth as it seems. The truth is that most of the world’s most expensive homes are cheaper now than ever due to the global credit crunch and economies.

Is Villa Leopolda The Most Expensive Home Ever?

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A Russian oligarch is the brand new owner of Villa Léopolda on the coast of France’s Côte d’Azur. The monumental sale of the Villa Léopolda has made headline news when the estate was sold last week for a total of $750 million after being on the market for some time.

International Property News Beat – Global Housing, Hot Vancouver & Dubai Landlords Regulated