The most expensive homes that were traded in 2022
Market real estate agents are talking about a drop in deals for luxury homes that will continue in 2023.
Ultra-luxury homes have been more popular than ever during the pandemic, with large, high-cost homes in high demand as affluent buyers seek more space and privacy, and more favorable tax regimes.
In the second half of 2022 were recorded the majority of ultra-luxury homes sales priced at c.$50 million in the US, while London recorded the most high-end homes (priced above $6 million) sold between January and September over the past 16 years according to a recent Savills report.
Furthermore, during the first nine months alone there were more luxury home sales than the total number of sales seen in any year between 2015 and 2020.
The largest recorded US deal last year was Larry Ellison's $173 million purchase of a 16-acre compound on Manalapan, an island off Florida. The co-founder of software company Oracle bought the property — which includes a 6,200 sq. ft. main house. on a plot of land with more than 300 meters of frontage on the Atlantic Ocean last June by Jim Clark, the 78-year-old - founder of several Silicon Valley companies including Netscape. The estate also has a seven-bedroom guest house, two beach cottages and a caretaker's house connected by a series of underground tunnels, as well as a wharf, sports complex, swimming pool and a three-hole golf course.
In Manhattan, a pair of apartments owned by the late Microsoft founder Paul Allen sold for $101 million in July, making it the city's largest recorded deal of 2022. The sale included the penthouse and an 11th-floor apartment in the Upper East Side and was the most expensive sale in New York history.
During the summer, a home in San Francisco's upscale Pacific Heights neighborhood sold for $34.5 million, the city's highest sale price of the year. The eight-bedroom Beaux-Arts mansion — built in 1927 by architect Arthur Brown Jr., who also designed San Francisco City Hall and the Opera House — was purchased by the billionaire Glazer family of NFL team owners, the Tampa Bay Buccaneers. who won the Super Bowl LV in 2021, as well as the British football team, Manchester United.
A $42.45 million sale in the Sydney suburb of Vaucluse was the country's biggest deal of 2022, according to data from agency Ray White. The ultra-luxurious home has seven bedrooms, three kitchens, two swimming pools, a conference center and a 20-car garage, and was the sixth most expensive home ever sold in the country. It's not beachfront, but it offers views of Sydney Harbour, the Bridge and the Opera House — as many houses in the eastern suburbs do.
A luxury villa on Palm Jumeirah sold for $163.37 million in October, making it Dubai's biggest deal, according to Property Monitor data. The mega mansion of 5,200sqm has seven bedrooms and is located on the edge of one of the leaves of the artificial archipelago.
Billionaire Evergrande founder Hui Ka Yan sold his 20-bedroom mega-mansion for $240m in October, making it the most expensive sale ever to take place in London. The 6,200 sqm mansion was bought in 2020 for $250 million and remains the most expensive house ever sold in the UK. Located in the Knightsbridge area, overlooking Hyde Park, it has 45 rooms, as well as a swimming pool, health spa and gym and underground parking.