A Look at the Most Expensive Home Purchases of 2013

This home in Miami, once owned by Gianni Versace, sold for $41.5 million in September. (Forbes photo)

With 2013 now in the rearview mirror, Forbes.com took an interesting look at what it called “the most outrageously expensive home purchases of the year.” There was plenty to choose from during a year when home prices saw substantial across-the-board increases.

Among these “outrageous” purchases was the highest-price ever paid for a home in the United States, which occurred in Woodside, Ca., as well as four other homes that all brought at least $32.75 million.

Let’s start off with the record-breaker. Though it technically occurred at the end of 2012, the transaction didn’t become publicly-known until the beginning of 2013. What are we referring to? The $117.5 million Japanese businessman Masayoshi Son paid for a nine-acre estate in Woodside, which is located on the San Francisco peninsula in San Mateo County.

Son is the chief executive officer of Softbank and is Japan’s second-richest man, according to Forbes.

Officially topping the list in 2013 was the $75 million paid for an estate in Malibu, Ca. by an anonymous Russian buyer. The property was previously owned by Howard Marks, founder of Oaktree Capital Management. That was officially the highest price paid for a home in the United States in 2013 and was also a record high for Malibu.

Second on the list of most expensive properties in the United States was an estate in East Hampton, New York, which brought a cool $62.5 million from SAC Capital Advisors founder Steve Cohen. That wasn’t his only big-ticket real estate purchase this year, either. Forbes reports he also paid $23.4 million for a 9,600 square-foot triplex in New York City’s West Village.

Third on the list of most expensive property in the United States is the Casa Casuarina mansion in Miami Beach that was once owned by the late fashion designer Gianni Versace. It was purchased at a foreclosure auction for $41.5 million by the Nakash family of Jordache Jeans fame. While that was certainly a hefty price tag, Forbes notes it was well below the initial $125 million asking price.

For the next most expensive property in the United States, we return to Southern California. That’s where you’ll find the 48,000 square-foot Beverly Hills estate known as Le Palais-The Crescent Palace. This home was sold to an undisclosed buyer for $32.75 million after being originally listed for $58 million.

 

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