The Irish Government Seized The Most Expensive House In England After Its Owner Defaulted On $80 Million Mortgage

Ireland’s National Asset Management Agency just seized the most expensive home on the UK real estate market after its owners were unable to make good on an $80 million mortgage, according to The Daily Mail.

The mega-mansion, named Updown Court, is located just 25 miles outside of London and was recently listed for $123 million.

Owner Leslie Allen-Vercoe put the house on the market six years ago but has been unable to find a buyer, according to The Daily Mail. When contacted by reporters, Allen-Vercoe said he had no knowledge of the bank’s plans to put the estate into receivership.

The mortgage was reportedly provided by Irish Nationwide, which transferred many of its loans to the Irish government after it collapsed during the financial crisis.

Set on 58 acres of land, with 50,000 square feet of space, Updown Court is larger in size than both Buckingham Palace and Hampton Court Palace.

The behemoth home has five swimming pools, a $6 million marble heated driveway, a squash court, home theater, bowling alley, panic room, and much more.

 http://www.businessinsider.com/most-expensive-house-in-england-mortgage-default-2011-7#ixzz1S0VCnh3m

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2nd Most Expensive House for sale

2. Tranquility (above)
Location: Zephyr Cove, NV
For Sale: $100 Million

Another most expensive homes veteran, “Tranquility” is the highest-priced listing in the state of Nevada. It also held the top spot on Zillow’s Most Expensive Homes list in 2009, until the Spelling Manor hit the market with its $150 million asking price. The 210-acre property, originally listed in 2008, is situated on its own private lake with a total of eight separate buildings including a 20,000-sq ft main residence. Also included on this rare piece of Zephyr Cove real estate is an art studio, boat house pavilion, gym with indoor basketball court, horse stable, two par-3 golf holes, and a 16-car garage. As if that wasn’t enough to explain the $100 million price tag, the prestigious property also comes fully furnished.

Shari Chase of Chase International is the listing agent.

Source: http://realestate.yahoo.com/promo/americas-most-expensive-homes-for-sale-2011.html

Bernie Ecclestone’s daughter buying most expensive house in the U.S.

Petra Ecclestone is the daughter of Bernard Charles Ecclestone, better known to the motorsports world as Bernie. Mr. Ecclestone is the president and CEO of Formula One Management, and his reported net worth is around $1.5 billion. Petra must get to play with a fair amount of that cash, because she just bought the most expensive house in the United States.

Originally listed at $150 million, the Holmby Hills mansion is a 57,000-square-foot property that includes a bowling alley, salon and 100-car garage. It was built by the late TV Producer Aaron Spelling, and his wife has since downsized to a 15,500-square-foot condo.

The home has been listed since 2009, and the asking price stayed at $150M despite the economic downturn. That makes sense, seeing as most people who can afford the property most likely managed to “stay afloat” during these rough times. Petra is one of those people, and it’s been reported that her first offer was $75 million. The actual sale price hasn’t been disclosed yet, but the deal is in escrow.

The large estate will serve as Petra Ecclestone’s Los Angeles home base. She also owns a six-story London home, which cost $90.9 million. It would seem that F1 is a good business to be involved in.

http://www.autoblog.com/2011/06/15/bernie-ecclestones-daughter-buying-most-expensive-house-in-the/

Most Expensive House in the world

Antilla is the new house of Mukesh Ambani. This house break the record for most expensive house in the world. This is the first home in the world that exceeds $ 1 billion. This house is 570 feets high, the price of this house is around $ 2 billion. This house is built in the middle of downtown Mumbai, India around the area that full of poverty.

Each of Ambani’s family will have their own personal health club. They will also have six levels garage for 168 cars. Most of the tower built from glass. This ultra modern house featured the panic room, cinema and employ around 600 servants and staff. Each level also have a lush garden.

Ambani is a global conglomerate and the richest man in India, new emerging economies country. He explains that his new home will have more floor space than the palace of Louis XIV at Versailles.

Source: http://travellspace.blogspot.com/2010/06/antilla-most-expensive-house-in-world.html

Beachside Luxury Home

1306881048
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130688104813068810481306881048130688104813068810481306881048130688104813068810481306881049130688104913068810491306881049Highlights
  • Bedrooms: 8
  • Bathrooms: 7
  • M2 Built: 1039
  • M2 Plot: 1775
  • Beach Side
  • Amenities Near
  • Transport Near
Brand new modern beach side Balinese style villa with guest house situated in one of the most exclusive gated urbanizations with security on the Golden Mile with a beautiful exotic garden and a pool and pond. A spacious courtyard leads to the main entrance. Built to high standards with a modern touch, the main house is distributed over two levels, and comprises: on ground level: living /dining room with fireplace opening on to a covered porch; modern kitchen; 2 bedroom suites and a guest toilet. Upstairs: spacious master suite with dressing room and terrace and an office/study. Lower level: large entertainment room or disco with bathroom; maids suite; ironing and utility room. A bridge leads to the guest house which comprises: open-plan kitchen; spacious living/dining room; utility room; guest toilet; lounge /TV room with access to a bedroom suite. Upstairs: 2 large bedroom suites. Lower level: open space; 2 bedrooms sharing a bathroom; store room; and maids suite. The main and guest house, both have under-floor heating throughout, installed air conditioning; dark wooden floors mixed with marble and tropical wood throughout. A unique property in one of the best areas!

The Richest Counties In America

If you want to get a sense of what an economic powerhouse Washington has become in recent years, look no further than the Virginia suburb of Falls Church City.

Boasting a strong school system and positioned about six miles from the nation’s capital, Falls Church has for years enticed rich families, making it the nation’s richest county with median annual household income of $113,313.

“It indicates that the City of Falls Church is located in a healthy economic area in the national capital region,” says Wyatt Shields, city manager for Falls Church. “We are proud of the fact that we take advantage of the city’s healthy economic area to attract people to live here.”

In Pictures: America’s Richest CountiesIn Pictures: America's Richest CountiesIt’s No. 1, but it isn’t alone. In fact, four of the top ten richest counties in the nation are concentrated in the Virginia suburbs of Washington, and a fifth, Howard County, Md., is equidistant between Washington and Baltimore.

In recent decades northern Virginia has become an economic dynamo, driven by a private sector that feasts on government contracting. These counties are also home to corporate lobbyists, lawyers and consultants who work in or around the nation’s capital, soaking up federal government spending. And government-related hiring manages to keep the unemployment rate in places like Falls Church City down to 5.7%.

To determine America’s richest counties, we looked at median annual household income estimates from 2005 to 2009 in each county in the nation, provided by the U.S. Census’ American Community Survey. The estimates are in 2009 inflation-adjusted U.S. dollars.

Nader Baroukh, the mayor of Falls Church, is not shying away from the designation of being the richest, but he does disagree with one of the U.S. Census’ conclusions. “We are actually a city and not a county, but I can’t comment on how the Census puts its data together,” says Baroukh. “We are a small jurisdiction, about 2.2 square miles, and I think given our location it’s a very attractive place to live and our top schools are one of the big attractions.”

Falls Church is in fact an independent political subdivision of the state, but most Virginia counties are much larger than Falls Church, which has a population of 12,330. Whatever you want to call it, even wealthy Falls Church is not exempt from the kind of tough fiscal realities facing counties and cities across the nation. Fall Church has cut 14% of its workforce over the last three years and raised property taxes.

Nearby Loudoun County, Va., used to be a sleepy rural community just a few decades ago, but in recent years it has become a technology center and a popular Washington suburb. It is now the second-richest county in the nation with median annual household income of $112,021. Another Washington county, Fairfax County, Va., rounds out the top three with annual median household income of $104,259. Making the median high income in Fairfax County even more impressive is the fact that it has 1.1 million residents. This populous county has a massive federal government presence and is home to companies with strong connections to the government, like Freddie Mac, and intelligence agencies like the CIA and the National Counterterrorism Center.

Only counties that are part of the New Jersey suburbs of New York City can rival Northern Virginia. The richest county in the nation outside of Virginia is Hunterdon County in northwest N.J., where the median annual household income is $102,500. Rural Hunterdon County has become a magnet for rich commuters heading to New York City and even Philadelphia. Morris County, N.J., where the taxes are high but the median household income is $96,316 or Somerset County, also are among the richest counties in the nation.

Most of the richest counties in America are in the East. The richest county in the Western United States is Los Alamos, N.M., where decades of government money spent on nuclear weapons has resulted in median annual household income of $100,423. Most of the 18,000 residents of this county, which is New Mexico’s smallest, live in Los Alamos or White Rock and the biggest employer is the Los Alamos National Laboratory.

Here are the five richest counties in America:

Howard County, Md.

5. Howard County, Md.
Median annual household income:
$101,003

Located between Baltimore and Washington, this fast-growing county boasts a fantastic school system, attracting rich residents.

Hunterdon County, N.J.

4. Hunterdon County, N.J.
Median annual household income:
$102,500

This county in northwestern N.J. has the highest median annual household income in the country outside of the Virginia suburbs. A rural area, it borders Pennsylvania and has become home to both New York City and Philadelphia commuters in recent years.

Fairfax County, Va.

3. Fairfax County, Va.
Median annual household income:
$104,259

Another Washington county, Fairfax County, Va., rounds out the top three. With 1.1 million residents, this populous county has a massive federal government presence. It is home to companies with strong connections to the government, like Freddie Mac, and intelligence agencies like the CIA and the National Counterterrorism Center.

Loudon County, Va.

2. Loudoun County, Va.
Median annual household income:
$112,021

The second richest county in the nation used to be a sleepy rural community just a few decades ago, but in recent years it became a technology center and a popular Washington, D.C. suburb.

Falls Church County, Va.

No. 1 Falls Church County, Va.
Median annual household income:
$113,313

Boasting a strong school system and located about six miles away from the nation’s capital, Falls Church has for years enticed rich families, making it the nation’s richest county.

Click here to see more of America’s Richest Counties

Source: Forbes

Some Of The World’s Best Pools, Patios, and Gardens

Summer is upon us, which means backyard barbecues and dips in the pool. For home buyers with a few million to plunk down, some high-end homes offer a lot more in the backyard than a patch of grass and a kiddie pool.

Perusing dozens of impressive properties, we compiled a list of for sale homes with amazing pools, gardens and patios. Pools are amenities particularly sought out in areas of the U.S. where the weather is warm year-round. Given the scarcity of land in California’s posh ZIP codes, a multimillion-dollar price tag does not guarantee a backyard, let alone a lavish pool. “It’s like the idea of a million-dollar view–everyone wants one, but they can be hard to come by,” says Ginger Glass, a listing agent for Coldwell Banker Previews International in Beverly Hills. An amazing pool area “can significantly increase the value.”

Glass, who represents a pool-touting $4.8 million Paul Williams abode in Beverly Hills, notes that many buyers do not want to have to invest the additional work–let alone the $100,000 a lavish pool area in 90210 can cost–if they don’t have to. “Most people that buy these types of properties will pass entirely if it doesn’t have a pool area … [and] I’ve seen people buy homes of lesser quality just because they do have one,” states Glass. The 1930s Williams estate boasts a pool with arcing water fountains, red brick patio areas, a built-in fire pit and English garden landscaping on the borders.

A tiered infinity pool, which creates a visual effect of water running to the horizon, can really glitz up a view. Despite the chilly mountain air, Aspen‘s $25 million Larson Drive estate comes with an outdoor infinity-edge pool that creates the illusion of water meeting mountains. It’s heated, so tired skiers can soak while staring out at Aspen and the nearby snow-capped peaks.

For $7.5 million or a monthly rental of $75,000, Miami Beach‘s Temple House offers 13,000 square feet of sound-proofed living space, but the real draw comes from the roof, where fountains pump water into the infinity pool.

Pools aside, some of the party-perfect properties open onto lush gardens that resemble parks more than yards. The $3 million Malibu mansion on Kanan Dume Road proffers a pool area gazing out over the Pacific Ocean. Lavender fields and hundreds of rose bushes are just a few of the green-thumb draws to the yard.

New York City is notorious for a lack of space, yet wealthy home buyers can still finagle a slice of opulent outdoor space if they’re willing to part with some cash. Brooklyn’s Park Slope neighborhood, two miles from the southeast tip of Manhattan, has a penthouse apartment on the market with a plush, private rooftop garden. More than 70 species of flora inhabit the garden, watered by a built-in irrigation system. There’s a vegetable garden, potted fruit trees and arbors teeming with vines. The 1,000-square-foot space can accommodate 100 guests and host them with a wet bar and mini fridge.

“It’s hard to quantify what a garden like this is worth,” says Heather McMaster, the Corcoran Group listing agent for the Brooklyn penthouse apartment on Saint Johns Place. She usually calculates the value of outdoor space in Brooklyn at roughly one-third of the value of interior space. In the case of a property like this, however, the outdoor space’s value shoots up.

Like other unique amenities, unusual pools and extravagant gardens can differentiate an estate from others on the market. Manhattan’s One Jackson Square, a luxe condo building in the ritzy West Village, just sold its priciest penthouse apartment for $18.95 million. Included in the price tag is a wrap-around roof deck with private pool.

If the amenities are too customized and taste-specific, they can mean a prolonged stay on the sale block until the right buyer manifests. Two homes we have featured in the past could run the risk of experiencing this scenario: Las Vegas‘ $10 million Wood Creek Court listing (reduced from $13.5 million last May) and Dallas‘ $9.75 million Northaven Road listing (reduced from $11.5 million in January). The Vegas abode boasts a resort-style water park with lazy river, while the round Texas house hugs an interior, circular moat.

Here are five homes on sale in America with the coolest pools, patios and gardens:

189 Larson Drive, Aspen, Colo.
List price: $25 million

Buyers of this Aspen estate can soak in the heated infinity pool.
Photo: Trulia.com

5820 Kanan Dume Road, Malibu, Calif.
List price: $3 million

This Malibu estate offers expansive gardens touting hundreds of roses.
Photo: Coldwell Banker Previews International

33 Old Orchard Lane, East Hampton, N.Y.
List price: $4.7 million

The architects of this Hamptons home floated the living room over a gunite pool.
Photo: Corcoran Group

1290 Heritage Place, Westlake Village, Calif.
List price: $2.3 million

While parents hang out by the pool, kids play in the backyard’s teak pirate ship.
Photo: Sotheby’s International Realty

1721 Coldwater Canyon Drive, Beverly Hills, Calif.
List price: $4.8 million

The brick decks supports a fire pit, and overlooks a pool, hot tub, and fountains.
Photo: Coldwell Banker Previews International

Source: Forbes.com

$2.95 million in property stamps for a $57.5 Million Mansion

MINING millionaire Chris Ellison has boosted Premier Colin Barnett’s coffers by nearly $3 million by paying a small fortune in stamp duty taxes after buying a Mosman Park mansion last October.

Landgate records show Mr Ellison paid a staggering $2.95 million in stamp duty after shelling out $57.5 million for iron ore heiress Angela Bennett’s sprawling mansion.

The sale set an Australian real estate record. Property representatives said stamp duty costs still remained a major deterrent to home buyers in WA.

Property Council of Australia executive director Joe Lenzo said yesterday that stamp duty taxes in WA were too high.

Coupled with rising interest rates, stamp duty taxes were stopping many West Australians from buying houses, Mr Lenzo said.

“It makes the whole affordability issue hollow because people are having to hand over thousands of dollars in stamp duty,” he said.

 

 

 

 

 

 

 

 

Article Source: http://www.perthnow.com.au/real-estate/bennett-mansion-sale-swells-state-coffers/story-e6frg3nl-1225868711339