As the rich get richer, $100 million homes are the new mark of the ultra-wealthy.
Since 2011, when the $100 million threshold was first crossed, there have been close to 45 homes sold at that price or above in the U.S., and the pace is accelerating: 30 of those estates have been purchased since 2020, according to data compiled by Jonathan Miller, president and CEO of the appraisal company Miller Samuel.
In 2024, there have been seven $100 million-plus deals so far, the second highest ever. Most were in the usual markets popular with billionaires—including New York; Malibu, California; and Palm Beach, Florida—but one newcomer made the cut, thanks to casino mogul Steve Wynn’s $108 million purchase in Aspen, Colorado.
Rounding out the top 10 biggest U.S sales this year were three deals at $90 million or more, including Jeff Bezos’s third mansion on Indian Creek Island outside Miami Beach, Ellen DeGeneres’s sale of a Montecito, California, compound for $96 million, and a $94 million purchase by Laurene Powell Jobs, widow of Steve Jobs, of a Malibu teardown.
Below are the top sales.
Sunglass Emporium — Malibu
James Jannard, founder of sunglasses firm Oakley, sold a 10-acre Malibu estate for $210 million, the only deal this year above $200 million, and one of the very few ever sold at that level, according to the Los Angeles Times. Jannard purchased the eight-bedroom property on the Encino Bluffs, spread across three parcels, for $75 million in 2013. The deal surpassed Malibu’s previous record of $200 million, set by Jay-Z and Beyonce, in 2022. Mansion Global could not independently confirm the sale, which is not logged in public property records.
Island Escape — Palm Beach
A 2-acre private island off of Palm Beach sold for $152 million, notching a record for the town with the highest concentration of billionaires in the world, Mansion Global reported. Spec developer Todd Glaser, who purchased the rectangular island along with his partners for $85 million in 2021, was the seller. The compound, known as Tarpon Island, spans over 28,000 square feet of interior space and incorporates the island’s original 1930s home, which now serves as a guest pavilion.
Playhouse — Palm Beach
Investor Daren Metropoulos, who purchased the former Playboy Mansion in 2016, dropped $148 million for a landmarked home in Palm Beach by noted architect Addison Mizner. Built in 1919, the Mediterranean Revival-style house spans close to 23,000 square feet and offers 225 feet of ocean frontage. The 3.2-acre site, known as Casa Amado, was sold by members of the Canadian Pencer family, who had restored the property after purchasing it in the early 2000s.
Close to Home — Manhattan
Real estate developer Vladislov Doronin bought the five-story penthouse in his own project on Fifth Avenue for $135 million in Manhattan’s biggest deal of the year, Mansion Global reported. The 13,236-square-foot unit crowns the Aman New York hotel in the historic Crown Building, one of just 22 residences above the hotel. When the building was under development, there had been talks of an Asian buyer who offered $180 million for the spread, but that deal fell through. Doronin is the chairman of Aman Resorts, as well as the CEO and co-founder of real estate development firm OKO Group.
Top of the World — Manhattan
A buyer paid $117.4 million for a duplex penthouse at Extell Development’s Central Park Tower, the tallest residential building in the world. The unit hit the market for $175 million last year, and was last asking $149.5 million before it sold. Located on the 107th and 108th floors of the Billionaire’s Row supertall, the unit measures over 12,500 square feet, with seven bedrooms, two terraces and 30-foot ceilings.
Hillside Trophy — Bel-Air
Coupon king George Ruan, who co-founded the online discount company Honey, sold a Bel-Air mansion in Los Angeles for $112 million to an unknown buyer. Ruan purchased the unfinished hillside home in 2020 for $60 million, then completed it. The nine-bedroom mansion spans close to 22,000 square feet and offers sweeping city views.
The House Always Wins — Aspen
Former casino mogul Steve Wynn partnered with financier Thomas Peterffy to purchase an Aspen, Colorado mansion for $108 million, in the first $100 million-plus sale for the state. It was not immediately clear why the two very rich men partnered on the purchase, but Wynn and Peterffy are both major Republican donors who previously owned homes in Palm Beach, and are likely friends, according to The Wall Street Journal. The seller is former Canadian hockey player Patrick Dovigi, who paid $72.5 million for the 4.25-acre property in 2021.