Ultra-Luxury: The Biggest Deals of 2024

The Hitchcock Estate for Sale. 45 Hitchcock Lane, Millbrook, New York

The Hitchcock Estate offered for sale in Millbrook. Asking $95,000,000

The ultraluxury segment of the U.S. housing market had another banner year in 2024, with seven single-family homes selling for $100 million or more — surpassing the five such sales recorded in 2023. While the record of eight $100M+ deals set in 2021 remains unbroken, this year’s activity underscores the remarkable resilience of this exclusive market. Many of 2024’s priciest transactions occurred off-market, highlighting the discretion sought by buyers and sellers at this level.

Here are the top 10 deals of 2024:

  • Malibu, CA - Undisclosed Buyer - $210M

  • Palm Beach, FL - Michael Dorrell - $150M

  • Palm Beach, FL - Daren Metropoulos - $148M

  • New York, NY - Vladislov Doronin - $135M

  • New York, NY - Undisclosed Buyer - $117M

  • Los Angeles, CA - Undisclosed Buyer - $112M

  • Aspen, CO - Steve Wynn & Thomas Peterffy - $108M

  • Carpinteria, CA - Robert Friedland - $96M

  • Malibu, CA - Laurene Powell Jobs - $94M

  • Miami, FL - Jeff Bezos - $87M

Ralph’s Take

The ultraluxury market continues to be a beacon of stability, with demand driven by exclusivity, location, and unique features. For sellers, it’s a reminder that positioning and privacy can drive premium prices. For buyers, it’s about securing rare opportunities with significant long-term value.

Posted by Ralph Ragette Jr on

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