Luxury real estate agent Kurt Rappaport has brokered record-breaking deals in the past – will he soon sell America’s most expensive home? The specialist has been behind a number of high-profile Malibu real estate deals in recent years, including the 2021 sale of a $177 million mansion to Silicon Valley tycoons Marc Andreessen and Laura Arrillaga-Andreessen, Beyoncé and Jay-Z’s $200 million estate purchased in 2023, and a $210 million oceanfront home sold last June. Each of the back-to-back sales set a new record for the most expensive home sold in California, but his latest deal could claim a title that goes beyond the Golden State.
As Bloomberg He will reportedly soon put a $300 million home on the market as a private offering that, if sold at the asking price, would be the most expensive home ever sold in the United States. Currently, the record is held by a penthouse on Billionaire’s Row in Manhattan, which financier Ken Griffin bought for $240 million in 2019.
Pictures of the property have not been released, but it is likely that the residence is located in a very desirable setting, perhaps with private sea views. As the Bloomberg As the report points out, even though Malibu is particularly vulnerable to risks related to climate change, many high-income individuals are still willing to buy in the area because the land can be more valuable than the homes. “These prices don’t reflect the structure so much as the land itself,” said Jonathan Miller, a real estate appraiser with Miller Samuel Inc.
Still, many properties have attempted to become the most expensive home in America in recent years. So far, none have been successful; a recent example is a nine-acre estate in Naples, Florida, that was listed for $295 million in February 2024 and is still available for the same price. Others that came to market with potentially record-breaking offers have had to lower their prices below the ownership threshold, such as Casa Encantada in Bel Air. Originally listed for $250 million in June 2023, the price was reduced to $195 million in February 2024. (Rappaport also holds this listing through Drew Fenton of Carolwood Estates.)
Still, as CNBC reported in April of this year, the luxury real estate market has recently outperformed real estate sales overall. And as Rappaport said BloombergThere will always be demand for houses in the best locations. “There are only a limited number of places in the front row,” he said.
