Across the world there are around 12.5 million millionaires. This means that there is high demand of expensive real estate. Not only for these millionaires to live there luxurious lives in, but also to create more wealth through renting their penthouses out and various other income streams.
As we take a look at these wonderful penthouses, take note of the value between asset purchased and asset worth. You may find that some of these penthouses are just on this list due to location rather than their real valued worth.
Most foreign investors are buying U.S. real estate in either Florida or California. Only one of these states appears in this list. However, the average price of U.S. real estate bought by a foreigner is around $450,000. So although there is more chance of these penthouses being owned by U.S. investors, we can’t rule out that some of these penthouses have been snapped up by worldwide investors.
The U.S. is in debt by around $17 trillion. So these small transactions may not affect the economy too much, but when you look at the big picture, these penthouses could be sold to American citizens, which in the long term will help the U.S. economy out.
It is estimated that by the end of 2014 house prices will have risen by another 2.5% which means it’s probably the right time to buy these penthouses and let their value go up through inflation.
This list includes penthouses that have either been listed on the property market within the last five years, or apartments that have been bought within the last five years. So with this in mind, lets take a look at seven of the most expensive penthouses in the U.S!
7 The Spencer Condominium Penthouse, New York: $29.5 Million
6 Faena House Penthouse, Miami: $50 Million
5 Acqualina Penthouse, Miami: $55 Million
4 Ekaterina Rybolovleva's Penthouse, New York: $88 Million
3 One57 Penthouse, New York: $90 Million
2 Sherry Netherland Penthouse, New York: $95 Million
1 Pierre Hotel Penthouse, New York: $125 Million
The Pierre Hotel Penthouse situated in New York is the most expensive U.S. penthouse registered as purchased. Its divine interior makes use of statues worth over $1 million each and a Swedish sauna that was reportedly worth over $1.5 million to build. The unique arched cathedral windows and fireplaces were designed in the 17th and 18th century, while the rest of the three story penthouse was designed nearing the 19th century. The grand wooden staircase is something of a real beauty, with the 360 degree view over Manhattan, Central Park and the Hudson and East Rivers make this penthouse so seductive for investors. There is also an on-going monthly maintenance cost for this penthouse which is around $47,000. This covers electricity and two housekeeping staff.
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