Jun 26, 08:27 PM

Record $141 Million Sale Caps Flurry of Trophy Home Deals

High-end residential real estate registered a burst of activity on 26 June, led by the $141 million sale of an Australian apartment—the costliest home ever sold in the country. The deal underscores continued appetite for trophy properties even as broader housing markets grapple with higher interest rates. In the United States, Extell Development placed a two-unit condominium at its One57 tower on Manhattan’s Billionaires’ Row on the market for $90 million, while an ocean-front compound in Orange County, California, was listed for $125 million. In Florida, waste-management executive Anthony Lomangino completed the $38.8 million sale of his 8,200-square-foot Palm Beach mansion after three years on the market. Celebrity owners also moved to cash in. Actor David Duchovny sold his Malibu retreat for $11 million. Former Ferrari Challenge driver Jay R. Schreibman is seeking $17.2 million for a Miami home he purchased for $14.5 million in April. Cincinnati Reds first baseman Joey Votto listed a Hermosa Beach residence for $15 million, ex-New York Mets slugger Yoenis Céspedes put a Port St. Lucie hunting ranch up for $30 million, and Roy Rogers’ onetime Sherman Oaks property returned to market at $7.2 million. Beyond headline-grabbing sales, The Wall Street Journal reported that new-construction condominiums are beginning to push prices higher in Forest Hills, Queens—a sign that demand for luxury units is spreading beyond traditional prime neighborhoods.

Written with ChatGPT .

Record $141 Million Sale Caps Flurry of Trophy Home Deals

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