The Mixed Fates Of America's Most Expensive Homes Of 2016

I write about real estate-- amazing homes, market trends and cities.  

As we prepare to launch the 2017 edition of FORBES' list of America's Most Expensive Homes For Sale, we decided to check in with a few of the standouts from last year. Spoiler alert: Most are still waiting for a well-heeled buyer.

Just two of 11 homes that were listed for $100 million or more in 2016 have sold--for at least $50 million below list. Two are still listed at the original price. Four have taken price cuts of at least 15%. We could not confirm the status of four homes that are no longer listed and for which property records do not indicate a sale.

Yes, homes priced above $100 million are hard to sell, says Aaron Kirman, the listing agent behind one of the sales.

Non-billionaires need not apply. As of FORBES' last tally there were 2,043 people across the globe with more than $1 billion to their name. Kirman's job is to find the one that wants a place in Los Angeles, loves the house and wants to part with that kind of cash.

Plus, with such unique properties, nine-figure prices are often shots for the moon--or at least a new record. "Cocky real estate agents and cocky developers set the tone," he admits.

GeminiSotheby's International Realty


Gemini | Manalapan, Fla.

Price 2016: $195 million


Status 2017: asking $165 million

Still on the market, this 16-acre compound now has a 15% lower price tag and a new listing agency, Sotheby's International Realty.

Le Palais RoyalJoseph Leone

Le Palais Royal

Le Palais Royal | Hillsboro, Fla.

Price 2016: $159 million

Status 2017: unknown

No longer listed, Forbes was unable to confirm the status of this massive home. Broward County property records do not indicate a sale. As of last year no one lived in Le Palais, so it is likely still seeking a buyer.

301 N Carolwood DriveCourtesy: Coldwell Banker Previews International

301 N Carolwood Drive

301 N Carolwood Drive | Los Angeles

Price 2016: $150 million

Status 2017: Sold

Private equity billionaire Tom Gores bought this new construction in October as part of a $100 million deal.

100 & 90 Briar Patch RoadCourtesy Brown Harris Stevens

100 & 90 Briar Patch Road

Briar Patch| East Hampton, NY

Price 2016: $140 million

Status 2017: asking $140 million

This 11-acre estate is no longer the Hamptons’ most expensive, but it remains on the market at the same price as a year ago.

1187 N Hillcrest RoadCourtesy: John Aaroe Group

1187 N Hillcrest Road

Danny Thomas Estate | Los Angeles

Price 2016: $135 million

Status 2017: Sold

Evan Metropoulos, son of billionaire C. Dean Metropoulos, snagged this hill-top villa for just $65 million. His brother, Daren, bought the Playboy mansion last year.

520 Park Avenue (rendering)Courtesy Zeckendorf Development

520 Park Avenue (rendering)

520 Park Ave. Triplex | NYC

Price 2016: $130 million

Status 2017: asking $130 million

Residents will begin moving into Zeckendorf Development's 54 story tower next year. A number of high-priced units have sold, but a buyer for the 12,400 square-foot penthouse has yet to be announced.

2500 East Valley RoadCourtesy Sotheby's International Realty

2500 East Valley Road

Rancho San Carlos | Montecito, CA

Price 2016: $125 million

Status 2017: asking $85 million

The longtime owners of this sprawling estate listed it with a nine-figure ask in 2014. In March they blinked, slashing the price by 32%.

834 Fifth AvenueCourtesy Brown Harris Stevens

834 Fifth Avenue

834 Fifth Avenue Duplex | NYC

Price 2016: $120 million

Status 2017: unknown

In September, five months after originally listing, the price on this 20 room apartment was cut to $96 million. In June it was removed from the market. City property records do not indicate a sale.

5225 Figueroa Mt RoadCourtesy Coldwell Banker Global Luxury

5225 Figueroa Mt Road

Neverland Ranch | Los Olivos, CA

Price 2016: $100 million

Status 2017: asking $67 million

Michael Jackson's former home, now known as Sycamore Valley Ranch, has been on the market since 2015. In March Coldwell Banker took over the listing and cut the price by a third.

26 Pond RoadCourtesy Laffey Fine Homes International

26 Pond Road

The Estate at Kings Point | Kings Point, NY

Price 2016: $100 million

Status 2017: asking $85 million

First listed in September 2015, this three-house compound took a 15% price cut a year later. It now has new representation with Laffey Fine Homes International.

South Shore EstateCourtesy Westside Estates Agency

South Shore Estate

South Shore Estate | Martha’s Vineyard, MA

Price 2016: $100 million

Status 2017: unknown

Shortly after last year's list was published the listing page for this 312-acre property was removed from the Westside Estate Agency's site. There is no indication of a sale.

Beverly HouseThe Agency

Beverly House


Beverly House | Los Angeles

Price 2016: $195 million

Status 2017: unknown

When it listed in September this home tied with Gemini as the most expensive officially for sale. It has since been taken off the market.



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