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Bright Lights, Big Sales: The Most Expensive Homes Sold In America's Biggest Cities This Year

This article is more than 7 years old.
 

 

New York City
Population: 8.6 million
Median Home Value: $587,200
Most Expensive Home 2016: A penthouse at 432 Park Avenue, a newly constructed 1,396-foot tower, sold for $87.7 million in September.
Local Record: $100.5 million for the penthouse at One57 in 2015

 

Los Angeles (tie)
Population: 4 million
Median Home Value: $590,400
Most Expensive Home 2016: Daren Metropoulos, son of billionaire C. Dean Metropoulos, bought The Playboy Mansion in June for $100 million, setting a local record.

 

Los Angeles (tie)
Population: 4 million
Median Home Value: $590,400
Most Expensive Home 2016: Billionaire Tom Gores struck a $100 million deal for newly built 301 N Carolwood Drive in October.

 

Chicago
Population: 2.7 million
Median Home Value: $214,400
Most Expensive Home 2016: A full-floor apartment at the Waldorf Astoria sold for $11.7 million in July.
Local Record: $18.75 million for the Penthouse at Park Tower in 2015

 

Houston
Population: 2.3 million
Median Home Value: $174,800
Most Expensive Home 2016: A palatial 16,000 square-foot home sold in May, the final list price was $14.495 million. Texas does not require property records show sale price.

 

Philadelphia
Population: 1.6 million
Median Home Value: $131,100
Most Expensive Home 2016: An unknown buyer agreed in June to pay $17.85 million for the penthouse at 500 Walnut, if the deal closes when the high-rise is complete next year it will be a Philly record.

 

Phoenix
Population: 1.6 million
Median Home Value: $197,500
Most Expensive Home 2016: An 18th-century farm house sold for $7.2 million in April. The buyer subdivided the property into three lots, will renovate the main home and relist it for $6.5 million.
Local Record: $14 million for a home in Paradise Valley in 2008

 

San Antonio
Population: 1.5 million
Median Home Value: $154,400
Most Expensive Home 2016: In February this 108-year-old estate changed hands for just the fourth time for $2.6 million.
Local Record: $3.6 million for a five bedroom sold in 2010. 701 Grandview was recently back on the market asking $6 million.

 

 

San Diego
Population: 1.4 million
Median Home Value: $542,500
Most Expensive Home 2016: In February 3403 Kellogg Way sold for $17.7 million.
Local Record: $35 million, T. Boone Pickens bought a home in Del Mar in 2007

 

Dallas
Population: 1.3 million
Median Home Value: $153,900
Most Expensive Home 2016: In January Billionaire Andrew Beal bought a 25-acre estate listed for $100 million (pictured). Then in March he bought a 6-acre estate that was asking $59.5 million. Property records do not disclose closing price.

 

To find the largest sales in each city we searched listing sites such as Zillow, Trulia, Realtor.com and Redfin. We confirmed closing prices with local agents and, when possible, public property records. Images come courtesy of listing agents unless otherwise noted.  Population data is from the United States Census Bureau. Median home values are from Zillow.

 

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