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So what? I can list my house for a billion dollars, but no one is going to pay that much for it. Just because this house is listed for 190 million doesn't mean anyone will pay that. Now if someone paid that much for a house, then it be news. The highest price paid for a house is currently 100 million dollars and that was for a 25,500-square-foot home in Los Altos Hills, Calif. This house is only 13,000 sq feet, but is on 50 acres of waterfront property. I'm willing to wager that those 50 acres can be divided into a number of other properties to allow additional houses to be built.
In this case I think it's the land that is worth more than the house. I can toss a mobile home on central park (assuming I owned central park) and sell it for a billion dollars and say I got a billion dollars for my mobile home, but it's the land the buyer is after, not my crappy mobile home.
I wonder if a developer will buy it and build multifamily on the property, or at least multiple homes like TechGromit suggested.
But man, I would hate to see the property taxes on a house that expensive.
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