Costa Mesa Luxury Homeowners Unfazed by Price Ranges
The past week brought a broad range of properties debuting on the luxury home market. For local owners of Costa Mesa luxury homes, two examples demonstrate that sellers are confident that buyers are out there for an extremely broad range of offerings.
From Manhattan, long a bastion of high-end real estate, comes the Journal’s report on “The Priciest Home in America.” It acknowledges that Manhattan real estate is a specialized market where participants are accustomed “to hefty price tags. A $25 million condo here. A $50 million mansion there….”
Even so, the newly listed triplex penthouse that spans the 129th through 131st floors of the new Central Park Tower sports an asking price that “might seem like a lot to spend on a home.” For some run-of-the-mill multi-millionaires, that might be true, but the developer makes a strong case that the asking price of $250,000,000 is a relative bargain. He points out that, in a period when “a bunch of artwork” sells for $100 and even $200 million, paying a little more for 17,000 square feet of steel and brick and glass should easily tap into the “growing submarket for $100 million-plus homes.”
On the other hand, house-hunters who qualify for that submarket might have set search parameters that eliminate their even getting wind of last week’s second luxury home example—a Dallas offering priced at a modest asking of $3.9 million. Even though the listing’s claim as “the most interesting home on the market” was amply demonstrated, its humble price point probably disqualifies it—never mind its porcelain floors and Murano crystal chandeliers.
It’s too bad because its claim as a “one-of-a-kind Futuristic Palatial Estate” does seem confirmed by its curb-appealing exterior glamor shot—especially the declaration that its architecture was inspired by the sci-fi film Tron: Legacy. Other singular features include the Versace main suite, 80s speakeasy with turquoise tufted walls, and what seems to be a Ferrari parked in the home office. Were it not for the humble price point, these might have sparked at least a look-see from shoppers concentrating on the Journal’s $100 million-plus submarket.
Owners of one of Costa Mesa’s luxury homes who are thinking of listing don’t need to worry about finding a market-wise asking price. Call us to discuss how we will set the right one!
We are built on a philosophy of Heritage & Hustle. The L3 is a full service real estate agency with a regional office located in the heart of #CostaMesa, offering a wide-array of custom services to meet their clients’ needs with roots in the community since 1976. It’s L3 mission is to provide trusted, convenient, responsive service to ensure clients enjoy their real estate experience. The L3 was originally formed to offer personal, concierge-level service as an alternative to the large, nationally based real estate companies. From its small beginnings of only two employees, The L3 has grown to a full staff of 25 serving over 300 clients a year. The L3 is not limited to serving just its clients; it is also committed to serving the community. Not only has The L3 donated hundreds of hours to many area charities, they have also received the prestige of being named one of the #toprealestatecompaniesinCostaMesa If you’re interested in #buyingorsellinginOrangeCounty, turn to the experts. Turn to The L3 and let them help you make your real estate buying or selling dreams come true. For more information or to get started on finding or selling your home contact The L3 today at 714-444-4663 or email us at info@thel3.com
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