Pursuits Weekly: The $50 Million-and-Up Mansion Club Gets Bigger
Calling it a “red hot real estate market” is somewhat of an understatement. Here’s what your millions could buy.
A $59.5 million property for sale on Maui.
Photographer: Dino Tassara
Before last year, homes would occasionally sell for more than $50 million, but they tended to be exceptions. Only one sold above that threshold in 2013; the next year saw a flurry of super-high-end sales, but in 2015, $50 million-plus sales fell again to only one, a $57.3 million oceanfront estate in East Hampton.
In 2020, however, the U.S. luxury housing market, fueled by historically low interest rates and a roaring stock market, rose to unprecedented heights. And then it rose even higher.