U.K. Luxury Real Estate Listings for Week of April 21

U.K. Luxury Real Estate Listings for Week of April 21

In this story, Mansion Global highlights 7 luxury properties in the U.K. market. These properties are among the most desirable in the area and feature stunning views, upscale locations, elegant living spaces, and many extras. Learn more about these eye-catching properties below. Click on the links to get more details and to contact the listing agent.

U.K. Home With 2,034 Square Feet and Five Bedrooms Asks £1.07 Million


Photo credit – Carter Jonas: Head Office/Christie’S International Real Estate

This home in U.K. includes a number of distinctive features that will please the most discerning buyer. It has 2,034 square feet of living area, according to a listing from Cambridge Lettings. A sampling of some of the notable elements of this property gives you a peek into its appeal. A substantial five bedroom home, comprising entrance hall, kitchen/dining room, living room and dedicated study. There is also excellent road links to the a14 and a11 for the university city of cambridge and market town of bury st edmunds, both of which are rich in history and offer extensive amenities. The home also boasts many other amenities and upgrades. Outside is an enclosed garden, garage and driveway parking.. Icknield gree.

The home is situated not far from many schools and educational centers including cheveley cofe primary school, moulton church of england voluntary controlled primary school, mill meadow, ditton lodge community primary school and all saints’ church of england voluntary aided primary school, newmarket. The local dining scene includes the old plough, the red lion, affleck arms, the reindeer and golden bowl. There are number of medical facilities nearby including newmarket community hospital and beech house hospital. Nearby convenience stores and markets include ali’s market, food plus, best-one, mccoll’s and premier stores. Packhorse bridge, all saints church, saint peter church, wickhambrook all saints church and church of st. Margaret of antioch are among the local points of interest. Public transportation options include, ashley, silverley way, ashley, chapel row, cheveley, star and garter lane, broad green, coach lane and broad green, little green close by.

U.K. Home With 3,455 Square Feet and Five Bedrooms Asks £2.68 Million


Photo credit – Carter Jonas: Head Office/Christie’S International Real Estate

This stunning home in U.K. has 3,455 square feet of living area, according to a listing from Oxford. A sampling of the features of this property gives you a glimpse of its appeal. Shelving in larder. Bathroom & ensuite. Open slatted shelving in airing cupboards. The home also features beautifully appointed upgrades and amenities. Double garage with insulated, automated doors.

The home is situated not far from many schools and educational centers including longworth primary school, john blandy primary school, mulberry bush school, standlake church of england primary school and buckland church of england primary school. The local dining scene includes the blue boar, waggon and horses, munch, the maybush and the rose revived restaurant & bar. There are number of medical facilities nearby including abingdon community hospital. Convenience stores and markets that are close by include the midcounties food, londis, one stop, mccoll’s and grove convenience store. Among the local attractions are kingston bagpuize house & garden, saint giles’ church standlake, millets falconry, spr-expeditions and millets farm centre. Public transportation options include longworth, the square, longworth, bowbank close, longworth, frilford farm, longworth, cow lane and hinton waldrist, bus shelter close by.

Headbourne Worthy, Winchester, U.K. Home With 3,177 Square Feet and Six Bedrooms Asks 2.1 Million


Photo credit – Strutt & Parker

This exceptional home located in Headbourne Worthy, Winchester, U.K. features 3,177 square feet of living area, according to a listing from Lindsay Johnn. It includes numerous features that make it a one-of-a-kind residence. The kitchen has a good range of cupboards and integrated appliances including a double oven and an aga.the bedrooms in the main part of the house are arranged over two floors. The principal bedroom is of particular note with numerous fitted wardrobes and an en-suite. There are two further bedrooms and a family bathroom on this level, then stairs leading to the second floor where a further bedroom, sitting area/study and bathroom can be found. A sampling of the additional amenities shows the appeal of this stunning home. A heated swimming pool (32 x 16 feet) lies to the south side with a paved surround and secure brick walling giving not only privacy but also shelter and is approached directly from the house and boot room. A secondary single garage and car barn are also situated at the front of the house.

The home is close to schools and educational centers including henry beaufort school, harestock primary school, lanterns children’s centre, peter symonds college and weeke primary school. Nearby dining options include cobbs at winchester, happy valley, gourmet rajah, chutneys and the master baker. Within a short distance are saint george’s international school of medicine grenada, royal hampshire county hospital, winchester & eastleigh healthcare nhs trust, bmi sarum road hospital and leigh house hospital. There are several convenience stores and markets nearby including worthy down convenience store, costcutter, the southern food, pickards newsmarket and premier stores. Local attractions include saint bartholomew’s church, saint paul’s, saint maurice’s church, saint peters convent and god begot house. For those desiring access to public transportation, headbourne worthy, well house farm, harestock, andover road north, harestock, harestock road, headbourne worthy, watercress beds and harestock, mountbatten court are close by.

Chilham, Canterbury, U.K. Home With 6,078 Square Feet and Seven Bedrooms Asks 3 Million


Photo credit – Strutt & Parker

This stunning home in Chilham, Canterbury, U.K. has 6,078 square feet of living area, according to a listing from Joe Charlton. A sampling of the features of this property gives you a glimpse of its appeal. The house has some very fine rooms indeed, including a beautiful panelled and beamed drawing room and some fine plaster ceilings in the dining room and principal bedroom.the front door opens to a large and welcoming hall with an impressive staircase to the first floor. Pleached lime trees stand proud along the front façade.to the rear the walled garden offers high levels of privacy and has a magnificent view over the adjoining parish church. Off the rear hall is the bright study with double doors leading to the gardens.to the right of the hall is the dining room with a magnificent moulded plaster ceiling. The home also features beautifully appointed upgrades and amenities. A wide brick terrace runs along the rear.a brick pathway leads through an ancient yew hedge to the swimming pool and terrace.

The home is situated not far from many schools and educational centers including chilham, saint mary’s church of england primary school, hope view school, chartham primary school, selling church of england primary school and canterbury steiner school. The local dining scene includes shelly’s tea room, the church mouse tea rooms, badgers hill farm cafe & tearoom, hunkerdown tea room and ri’s tearoom. There are number of medical facilities nearby including b m i chaucer hospital, kent and canterbury hospital, east kent community n h s trust and faversham cottage hospital. Convenience stores and markets that are close by include premier stores, hursts, shop’n drive, wincheap general store and londis. Among the local attractions are the parish church of saint mary’s chilham, chilham village, badgers hill farm & cidery, godmersham house and saint mary the virgin selling. Public transportation options include chilham, taylors hill, chilham, felborough close, chilham, bagham lane, chilham, the old alma and chilham, railway station close by.

U.K. Home With 3,003 Square Feet and Five Bedrooms Asks 1.23 Million


Photo credit – Carter Jonas: Head Office/Christie’S International Real Estate

This home in U.K. includes a number of distinctive features that will please the most discerning buyer. It has 3,003 square feet of living area, according to a listing from Northampton. A sampling of some of the notable elements of this property gives you a peek into its appeal. Collingtree park is well placed for easy access to the m1 motorway with both junctions 15 and 15a being nearby. The area is attractive for family living with many amenities in the neighbouring area of east hunsbury to include shops, leisure centre, community centre, doctors, dentists, hairdressers, two pubs and a library. The home also boasts many other amenities and upgrades. The remaining single garage has an electric door and hatch opening with roof storage. The double garage has been converted to games room and has been plastered, has central heating, range of cabinets, window and door.

The home is situated not far from many schools and educational centers including collingtree church of england primary school, kiddi caru day nursery, wootton primary school, woodland view primary school and east hunsbury primary school. The local dining scene includes 81 the original diner, buddies, greens restaurant-northampton, the wooden walls of old england and seasons restaurant. There are number of medical facilities nearby including northampton general hospital, b m i three shires hospital, berrywood hospital and favell house. Nearby convenience stores and markets include mace, londis, aj’s village store, today’s local and premier stores. Caroline chisholm school, saint nicholas church, queen eleanor cross, blisworth railway bridge and delapre park are among the local points of interest. Public transportation options include, collingtree, golf course, collingtree, toms close, wootton, langford drive, collingtree, 8 ash lane and blackey more, marjoram close close by.

Wisborough Green, Billingshurst, U.K. Home With 4,583 Square Feet and Seven Bedrooms Asks 2.3 Million


Photo credit – Strutt & Parker

This stunning home in Wisborough Green, Billingshurst, U.K. has 4,583 square feet of living area, according to a listing from Jenette Soulsby. A sampling of the features of this property gives you a glimpse of its appeal. A modern addition is the light and airy orangery, which has bi-fold doors opening onto the courtyard and pool house. The home also features beautifully appointed upgrades and amenities. Three reception roomskitchen/breakfast room, seven bedrooms, four bathroomsindoor swimming pool with jacuzzi, shower room and barannexeoutbuilding. The property includes several outbuildings in addition to the annexe, including a superb pool house with indoor swimming pool, a jacuzzi, bar, changing and shower facilities.

The home is situated not far from many schools and educational centers including billingshurst primary school, the weald school, ingfield manor school, wisborough green primary school and apple orchard slinfold. The local dining scene includes caribbean flavor, cinnamon, china brasserie 2, the six bells and blue india. There are number of medical facilities nearby including horsham hospital, south london nursing homes, brookmead veterinary surgery and cranleigh village hospital. Convenience stores and markets that are close by include one stop computer store, mccoll’s, londis, mace and one stop. Among the local attractions are billingshurst community & conference centre, fishers adventure farm park, sumners ponds, british balloon flights and horton duck farm. Public transportation options include billingshurst, the kings arms, billingshurst, jengers mead, billingshurst, fire station, billingshurst, village hall and billingshurst, junior school close by.

U.K. Home With 435,600 Square Feet and Six Bedrooms Asks 1.23 Million


Photo credit – Carter Jonas: Head Office/Christie’S International Real Estate

This home in U.K. includes a number of distinctive features that will please the most discerning buyer. It has 435,600 square feet of living area, according to a listing from Harrogate. A sampling of some of the notable elements of this property gives you a peek into its appeal. The principal reception room is a well proportioned sitting room which takes full advantage of the spectacular views and there is a separate family living room. The spacious open plan living/dining kitchen has a comprehensive range of units in cream complemented by granite preparation surfaces and a four oven aga. There is also a separate utility room.. At first floor level is a principal bedroom with a dressing room and an en suite bath/shower room, second bedroom suite with a walk in wardrobe and an en suite shower room, third bedroom suite and two additional bedrooms each with the benefit of staircases leading up to mezzanine bathrooms. The home also boasts many other amenities and upgrades. A more comprehensive selection is available in leeds and bradford and the area provides excellent historic and sporting facilities, especially for those who have equestrian interests or enjoy walking in the countryside.

The home is situated not far from many schools and educational centers including oxenhope cofe primary school, haworth primary school, denholme primary school, lees primary school and cullingworth village primary school. The local dining scene includes the lamb inn, oxenhope fisheries, the dog & gun, the waggon & horses and ico. There are number of medical facilities nearby including meridian, the yorkshire clinic, the step forward centre, single point of access within linfield mount hospital and westwood park community hospital. Nearby convenience stores and markets include premier stores, costcutter, one stop, a dewhirst & son and broster convenience store. Oxenhope station, smj falconry, windle house farm, haworth war memorial and keighley & worth valley light railway are among the local points of interest. Public transportation options include, oxenhope, denholme rd leeming reservoir, oxenhope, denholme road spring row, oxenhope, hebden bridge rd hill house lane, oxenhope, lower town station road and oxenhope, hebden bridge road hill house ln close by.

Disclaimer: This story was auto-generated by Mansion Global Autostories, using data from Dow Jones and Mansion Global.

San Francisco Luxury Real Estate Listings for Week of April 7

San Francisco Luxury Real Estate Listings for Week of April 7

In this tale, Mansion World-wide highlights 4 luxurious properties in the San Francisco market place. These houses are amongst the most attractive in the spot and function breathtaking views, upscale places, tasteful residing spaces, and a lot of extras. Learn more about these eye-catching attributes beneath. Click on the back links to get much more particulars and to make contact with the listing agent.

San Francisco, California, Home With 4,150 Sq. Ft and Zero Bedrooms Asks $3.3 Million


Picture credit history – Vanguard Properties

This exceptional home found in San Francisco, California, attributes 4,150 square feet of residing area, according to a listing from Allison Chapleau. It consists of numerous options that make it a 1-of-a-form home. Other capabilities of the residence include things like a pleasant yard, a two-car garage, and more storage spots.451-455 spruce avenue is preferably located in just walking length to the presidio, baker beach front, lands finish lookout, legion of honor, and golden gate park. The building incorporates two four bedroom units, just one a few bed room unit and a bonus unit, affording adaptable living arrangements.

The property is shut to educational institutions and academic facilities which includes presidio preschool, carley gracie jiu-jitsu academy, caring creatives, laurel hill nursery school and presidio hill school. Close by dining options contain vixi cucina italiana, magic flute cafe, saint frank, sociale and sweet issues. Within just a brief distance are shannon beres, md-stanford medication kid’s health and fitness, ucsf principal treatment at laurel village, california pacific healthcare middle-california campus, select bodily remedy-geary and ucsf centre for geriatric treatment. There are a number of advantage stores and markets nearby together with sunny marketplace, healthright360, purely natural industry, 7-eleven and annakot connoisseur indian foods and snacks. Area attractions include mylitbag, sacramento street, temple emanu-el, pershing square and creating 35. For people desiring accessibility to general public transportation, california st & spruce st, california st & maple st, california st & cherry st, sacramento st & cherry st and euclid ave & spruce st are shut by.

San Francisco, California, Household With 3,530 Sq. Feet and 3 Bedrooms Asks $6.9 Million


Photograph credit – Sotheby’S Intercontinental Realty – San Francisco Brokerage

This excellent household positioned in San Francisco, California, attributes 3,530 square feet of living location, according to a listing from Gregory Lynn. It incorporates a lot of options that make it a just one-of-a-type home. Reconsider downtown living from a person of its most prized addresses. The palatial key wing introduces a lounge, sleeping place and fireplace, opulent closets & dressing locations, and a stone and glass, spa-inspired bathtub. Built and crafted to a modern day european normal, the format introduces very well-appointed principal rooms to accommodate intimate dwelling or ignite grand-scale entertaining inside approx.

The dwelling is close to educational institutions and academic centers together with san francisco studio college, academy of arts, products college, miami advertisement school san francisco and microtek. Nearby dining possibilities consist of kusakabe, get-togethers that cook, villa taverna, machka places to eat corporation and sunshine gathering global ii. Within a quick distance are cenegenics san francisco, a person professional medical, decide on bodily therapy, simon k. Lee, md and chinese hospital outpatient expert services. There are numerous benefit outlets and marketplaces close by which include casey’s general retailer, amazon go, hua lengthy buying and selling inc., wang chung co. And dai lee food. Nearby sights include things like transamerica pyramid, appraiser’s constructing, goddess of democracy statue, hartford creating and stockton tunnel. For these needing obtain to community transportation, washington st & sansome st, sansome st & washington st, columbus ave & washington st, clay st & montgomery st and clay st & sansome st are shut by.

San Francisco, California, House With 3,349 Sq. Feet and 4 Bedrooms Asks $5.5 Million


Image credit score – Sotheby’S Intercontinental Realty – San Francisco Brokerage

This fantastic home positioned in San Francisco, California, characteristics 3,349 square ft of residing region, in accordance to a listing from Callum Hutchins. It includes various characteristics that make it a 1-of-a-form residence. Two other visitor bedrooms are served by a transformed lavatory with shower over tub. The residence has a reverse flooring prepare with the living amount on the prime floor to acquire advantage of captivating north and east bay views. A substantial primary bed room spanning the width of the creating has great north-east views and an ensuite tub with double vainness sink, jacuzzi tub and stroll-in shower. A sampling of the added features displays the charm of this breathtaking home. On the floor degree, at the rear of the property, there is a authorized a single-bed room condominium with immediate road and garage access.

The house is shut to faculties and academic centers which includes kai ming head get started, kai ming head sensible north beach front centre, chinatown-north beach community kid’s center, yick wo elementary faculty and ef global language educational facilities. Close by dining selections consist of red fin cafe & lounge, cafe de casa, herringbone taven, brick & beam and the wardroom. In a quick distance are north east health care expert services, lisa eddy skincare, atlas wellness middle, cantor, robert phd and ucsf acute treatment clinic at montgomery street. There are a number of convenience shops and markets close by which include north seashore meals mart, 7-eleven, sherman current market, north seaside law and sam and son market. Area points of interest include things like lombard street, festive fireplace at ghirardelli square, ripley’s feel it or not!, fisherman’s wharf of san francisco and fort mason commanding general gate. For people wanting entry to public transportation, muni stop 14100, columbus ave & bay st, columbus ave & north position st, columbus ave & francisco st and hyde st & chestnut st are shut by.

San Francisco, California, Household With 3,035 Sq. Ft and Five Bedrooms Asks 2.5 Million


Photograph credit history – Sotheby’S Worldwide Realty – San Francisco Brokerage – Marina

This exceptional house located in San Francisco, California, functions 3,035 square ft of residing spot, in accordance to a listing from Trecia Knapp. It includes numerous capabilities that make it a one particular-of-a-form home. Breathtaking metropolis sights from the vacant three models. Found on a charming, flat, tranquil road the incredible sights of downtown san francisco are beautiful.156-158 beaver st. Exudes satisfaction of possession in a a lot sought-soon after corona heights place and just blocks from the vivid restaurants, boutiques, outlets, and cafes of the castro and divisadero street. A sampling of the supplemental facilities reveals the appeal of this breathtaking home. This developing has 3 action-out patio places, dishwashers, washer/dryer, 3 car or truck parking ~ 2 aspect-by-facet in the setting up moreover 1 car or truck garage driving the making.

The dwelling is near to schools and instructional centers which includes rocky mountain, right after school enrichment application, mckinley elementary faculty, bolinas university district and utilized discovering options. Close by eating selections include healthful spirits belgian beer, mark’s warm canine, catch, taco boys and rosenberg food items & beverage liquor. Within a short length are california pacific health-related center-davies campus, care practice, ezcare clinical clinic, sister mary philippa health and fitness middle and kentfield hospital san francisco. There are quite a few ease retailers and marketplaces close by such as 7-eleven, rusty, healthright360, sunny market and civic centre mkt.. Neighborhood sights contain route of gold light standards, castro theatre, the distilled person, the castro and saturn measures. For people desiring obtain to public transportation, castro st & 15th st, castro st & 16th st, roosevelt way & 14th st, roosevelt way&buena vista ter and buena vista ter & roosevelt way are close by.

Disclaimer: This story was auto-generated by Mansion World-wide Autostories, utilizing details from Dow Jones and Mansion International.

LA mansion for sale faces April 1 tax deadline

LA mansion for sale faces April 1 tax deadline

Inside the $38 million mansion the seller wants to unload before April 1

The owner of this over-the-top, seven-bedroom and 11-bath mansion in Los Angeles is prepared to accept $6 million less than what he paid for it less than two years ago — all to beat a ticking clock.

The home features a Kobe Bryant-themed basketball court, car showroom and a 70-foot infinity pool that appears to float some 45 feet above the mountainside, and it’s on sale for a reduced price of $38 million.

If it doesn’t sell by April 1, the property would be subject to a looming new, local mansion tax, which goes into effect next month and could cost the owner a further $2 million.

The grand living area opens to the outdoors with 22 foot ceilings, a 10-ft long fireplace, and a giant wall covered in living green moss that extends across three levels of the home.

EstateLuxShoot

The Brentwood estate, now known as the Star Resort, was built by veteran spec developer Ramtin Ray Nosrati, who sold it back in 2021 for $44 million. According to public records, the almost 16,700-square-foot residence was purchased by the trust of wealthy investor Jeffrey Feinberg, who runs Feinberg Investments. 

About a year after buying it, Feinberg put the home back on the market for $48 million but couldn’t find any takers. Feinberg brought in Dan Malka of Ikon Advisors to implement a more aggressive pricing strategy, and the original asking price was chopped down $10 million, or almost 21{61deb032f2f3cf43cd91e0a97f017aab274ddbb67b74a5b085bd003b9ac3cd96}. To put that price cut into perspective, it amounts to the home dropping almost $64,000 in value every single week for 94 weeks straight since Feinberg bought it.

One wall of the dining room is a 1,000 gallon salt water aquarium with views into the kitchen on the other side.

Yann Ippolito

Malka told CNBC yearly real estate taxes on the Star Resort run his client around $550,000 a year, plus about $20,000 a month in utilities.

“Plus, the staff and so on, so probably a million dollars of expenses [per year],” Malka said.

Jutting out from the lowest level of the home is a Kobe-Bryant-themed half basketball court.

EstateLuxShoot

Trying to unload an expensive mansion in the midst of a banking crisis with the LA real estate market softening and uncertainty looming large isn’t exactly great timing. 

Feinberg, like all luxury mansion sellers in LA, is also contending with the new mansion tax approved by voters in November. The ULA tax, as it’s called, was designed to “fund affordable housing projects and provide resources to tenants at risk of homelessness,” according to the city of Los Angeles website.

It’s levied on the seller as a transfer tax upon the sale of a home, or any real property, that trades for $5 million or more.

The home’s impressive foyer includes double height ceilings and glass walls that open to the pool deck and outdoor bar.

Yann Ippolito

For homes priced between $5 million and $10 million, sellers will have to pay the city 4{61deb032f2f3cf43cd91e0a97f017aab274ddbb67b74a5b085bd003b9ac3cd96} of the total sale price. For real estate trading north of $10 million, the rate increases to 5.5{61deb032f2f3cf43cd91e0a97f017aab274ddbb67b74a5b085bd003b9ac3cd96}.

The new tax is on top of the city’s current 0.45{61deb032f2f3cf43cd91e0a97f017aab274ddbb67b74a5b085bd003b9ac3cd96} transfer tax. And it’s levied based on sale price, not profit, which means sellers will have to pay up even if they’re already taking a loss, as could be the case with the Star Resort.

The city’s website includes a tax calculator, which estimates ULA and city transfer taxes owed on a $38 million deal at $2,261,000, or just under 6{61deb032f2f3cf43cd91e0a97f017aab274ddbb67b74a5b085bd003b9ac3cd96} of the total deal.

The primary bedroom is accented by a recessed wood-panel covered ceiling and walls of glass that slide away for access to a private terrace.

EstateLuxShoot

For many high-end home sellers and their agents, the race is on to lock in profits and close on a sale before the new tax takes effect. But for Malka, who wouldn’t discuss his client by name with CNBC, the pressure is on to get the best price and rein in his client’s losses before the new tax takes them even higher.

“That’s why we decided to give a good price cut and send a signal to the market that my seller is motivated to sell and that he wants to move on,” said Malka, who still holds out hope he can broker a deal before the first of the month.

After CNBC’s report on the mansion and looming tax bill was published, Malka reached back out to CNBC on Friday to add that the current pricing is intended to pass on tax savings to a buyer willing to close prior to April 1. His client also intends to raise his asking price to $41 million after the tax takes effect with no intention of accepting offers below that price after March, he said.

A bar, billiards table and 250-bottle wine cellar on the home’s lowest level.

Yann Ippolito

Real estate broker Aaron Kirman of AKG/Christies International called the short runway to offload homes before April 1 “crazy.”

“People had a four-month window from the day [the new tax] passed to sell a house,” he said.

Kirman, who is one of LA’s top-producing luxury real estate brokers, does not represent the Star Resort, but he does have many clients who are also in a big rush to sell.

It’s a trend, he said, that’s reflected in LA’s Multiple Listing Service (MLS), which according to Kirman shows 86 homes with sale prices over $5 million currently in escrow.

A glass wall in the lower lounge offers a view into a sleek car gallery.

Yann Ippolito

“The tax is coming out at a complicated time with interest rates, inflation and bank issues,” Kirman told CNBC. “It couldn’t have been more of a perfect storm.” 

The ULA tax, he said, “has led to dramatic price reductions on many homes.”

Potential homebuyers are swooping in with all-cash offers, and the promise of a fast-closing deal, Kirman said, but at deep discounts.

The Star Resort’s main bar is clad in stone and accented with back lit onyx.

Yann Ippolito

The Star Resort’s backyard includes a an outdoor kitchen & bar, infinity pool and lounge areas.

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Jonathan Miller, president of the real estate appraisal firm Miller Samuel, told CNBC it will be hard to project the impact of the tax on any one piece of real estate, but he does have a prediction across the region: “It ultimately lowers achievable prices as compared to the period before April 1 and becomes baked into market expectations in the future.”

In other words, the new tax will create a downward pressure on homes over $5 million as owners anticipate the future cost of higher tax bills.

One of the residence’s seven ensuite bedrooms with a private terrace.

Yann Ippolito 

CNBC asked Miller to crunch market data to see how much sellers of luxury single-family homes in LA would have paid in 2022 if the mansion tax were already in effect. Last year, sales of $5 million-plus totaled almost $2.5 billion.

According to his calculations, all of those sellers combined would have racked up a mansion tax bill of almost $131 million. Sellers of homes trading between $5 million and $10 million would have seen an average tax bill of $43,000, according to Miller’s estimates, and sellers of $10 million-and-up homes would have footed an average bill of $1.2 million.

It’s important to note Miller’s analysis focused exclusively on single-family home sales over the price threshold. According to the city’s projections, which include commercial and multifamily sales, the new tax could generate between $600 million and $1.1 billion annually.

The night view from the pools hot tub.

Yann Ippolito 

According to Miller, the rush to sell before the April 1 deadline matches a similar frenzy in New York four years ago.

“When New York implemented the mansion tax in 2019, there was a surge in closings just short of the July 1 start date and a void of sales in the following months,” he said.

Home cinema with Rolls-Royce inspired star lit ceiling.

Yann Ippolito

The primary bedroom’s terrace includes a fire feature and views of the pool below.

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Kirman said even with the tax pressures, one thing will remain the same: “The house is worth what the buyer is willing to pay for it.”

And if that amount is over $5 million, there will be some new taxes to pay on it.

The Star Resort’s sport simulation room offers virtual golf, hockey and soccer.

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Correction: This story has been updated to correct the name of Dan Malka of Ikon Advisors.