Reno, Nevada, Mansion Sells for Record $10.3 Million
The nearly 20,000-square-foot residence is the priciest single-family home ever sold in the city. Read More
BY THE NUMBERS
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TRENDING TODAY
MANSION GLOBAL ON YOUTUBE
Tour the Most Expensive Home in Bulgaria
Asking €10.5 million (US$11.5 million), this contemporary glass mansion outside of the capital city of Sofia reigns as the priciest home in the European country. Watch Now
LISTING OF THE DAY
Greenwich, Connecticut, Home Has Room for a Car Collection—and a Mechanic
Other amenities include a dock and 147 feet of frontage on Indian Harbor, an elevator, a wine cellar and a paneled library/office. Read More
TAX TALK
What’s Happening to Property Taxes in Palm Beach, Florida?
The county commissioners are hoping to offset the property tax burden due to a swift rise in the area’s home values. Read More
NEWS BITES
Australian Property With ‘Underwater’ Home Theater Hits the Market
A lavish home in the suburbs of Melbourne, Australia, with an impressive underwater home theater is on the market with a price guide of A$11 million to A$12 million (US$7 million to US$7.7 million). Listing images of the five-bedroom property, in Kew, reveal a lower level entertaining space with a window in the cinema and games room that looks directly into the home’s pool. There are also multiple terraces with city views, an impressive cellar, a gym and two home offices. Domain
Madonna’s Father Lists Michigan Winery With Five-Bedroom House
Madonna’s father, Silvio “Tony” Ciccone, is selling his Northern Michigan winery, with an asking price of $4.295 million. Located in Leelanau Peninsula, the 78-acre property includes 15 acres of planted vines, a renovated barn and a 1990 main house, which has five bedrooms and four and a half bathrooms. Chardonnay, pinot gris, riesling, pinot noir, cabernet sauvignon, dolcetto and sangiovese grapes are harvested on the property. The winery produced its first vintage in 1998, and the family added a tasting room in 2000. The Ciccones lived in the main house, but it could also serve as a vacation rental or an event venue. Realtor.com
Despite a Slowdown, the Home Market Austin, Texas, is Showing Resilience
The home market in Austin, Texas, and its surrounding areas continues to cool down, according to new figures. But despite higher mortgage interest rates, the Central Texas market is showing resilience, according to the Austin Board of Realtors. In its July report, the board said home sales in the Austin region edged up 0.6% year-over-year, with 2,815 home sales. Half of those sold for $462,000 or more and half sold for less, for a 10.3% drop in the median price, the board said. “We are seeing a year-over-year decline in median sales prices, as buyers cannot afford the same price points with these higher rates,” said Clare Losey, housing economist for the Austin Board of Realtors. Austin-American Statesman
Diane Sawyer Lists Longtime Martha’s Vineyard Home for $24 Million
Chip Chop, the longtime Martha’s Vineyard home of veteran news anchor Diane Sawyer, is coming on the market for $24 million. Sawyer and her husband, the late film director Mike Nichols, bought the roughly 20-acre beachfront estate in 1995 for $5.3 million, according to the listing agent, Mark Jenkins of Wallace & Co. Sotheby’s International Realty. Located between Vineyard Sound and Lake Tashmoo, the property has multiple houses, a swimming pool, a tennis court and two lengthy stretches of private beach. The Wall Street Journal
AROUND NEWS CORP
A Real-Estate Power Couple Faces a Major Test: Selling Their Own $38 Million Spec Mansion [The Wall Street Journal]
Fastest Rent Increase on Record [The Times of London]
Confessions of a Real Estate Photographer: What Happens Behind the Scenes When They Shoot Your House [Realtor.com]
‘Gamechanger’: Homes to Be Built in Two Months With 8-Star Ratings [news.com.au]
