Apparently the market for luxury penthouses didn’t get the memo about the steep drop in home prices. Or at least that’s the conclusion one has to come to upon seeing the prices for a few select luxury penthouses from metropolitan areas across the United States.
Yahoo! Real Estate and Forbes, along with some assistance from other entities (including Prudential Douglas Elliman Real Estate, Sotheby’s International Realty, Coldwell Banker Previews International, Realtor.com, and Trulia.com), recently teamed up to write about a small sample of properties from the only real estate market that has seen record purchases as of late — or any significant traction at all, really: the luxury residential real estate market. Despite these penthouses ranging in price between $2 million and $45 million or more, this market has actually picked up throughout the U.S. during the recession, thanks in large part to wealthy, cash-only foreign buyers seizing upon the weaker dollar and investing in the luxe condo market along both coasts.
These properties, if you can afford them, though, are well worth the hefty price tags, especially once you see what kind of amenities they have in store for luxury buyers. Below are 5 such luxury penthouses, with many of their amenities listed out to make perusing them easier. (I took the liberty of arranging them in order of lowest to highest price.) Are they affordable? Definitely not for the average person, no. But are they lust-worthy? You better believe they are.
The Residences at the W Hollywood, Los Angeles, CA
List Price: $2.16 million
Amenities: Concierge service, including room service; building-to-airport drop-off.
The Azure duplex condo at 2900 McKinnon Street, Dallas, TX
List Price: $7.5 million
Amenities: Three en suite bedrooms with balconies; roof-top entertainment terrace with pool, spa, theater screen, and enclosed bar; private elevator from terrace to living area.
The Wilshire Corridor penthouse at 10800 Wilshire Boulevard, Los Angeles, CA
List Price: $12 million
Amenities: 6,480-square-feet in size; two-story, floor-to-ceiling glass walls; colorful hallways; expansive view of Los Angeles and the Pacific Ocean; spiral staircase; fiber optic chandelier; separate maid’s quarters.
The Setai Condos, Miami Beach, FL
List Price: $27 million
Amenities: Traditional Thai styling; custom wood paneling; garden terrace with pool; 24-hour room service and other resort-like accommodations.
The Plaza at 535 West End Avenue, New York, NY
List Price: $37.5 million
Amenities: Three floors; 13,800-square-feet in size; 9 bedrooms (4 overlooking Central Park); 11 full baths; 2 half baths; separate staff quarters; 2,000-square-foot outdoor area with grill, wet bar, and fireplace; private elevator access to outdoor area; library with wood-burning fireplace; cantilevered spiral staircase; access to the building’s fitness center, indoor swimming pool, and recreation room
Stephanie Huskey is the resident real estate blogger for Movoto and, despite how gorgeous these penthouses are, would still choose to live in a log cabin out in Wyoming over any of these properties. Interested in getting her advice on your blog? She’s currently seeking guest blogging opportunities so she can share her knowledge with new communities! You can find her over here at Elance.com.