The deal came just a few weeks after the sale of Copper Beech Farm in Greenwich, Connecticut. The 51-acre waterfront estate sold for a reported $120 million, although the buyer hasn't been identified. That followed close behind the $102 million sale of the Fleur de Lys estate in Los Angeles. While the buyer in that deal also hasn't been identified, several have reported that it's a "secretive French billionaire."
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The sales may signify nothing more than three different properties finding just the right buyer at the right time. But prior to the Big Three, there were only two existing-home sales in the U.S. believed to sell for more than $100 million. The first was the Palo Alto Loire Chateau in Los Altos Hills, Calfornia, purchased for $100 million in 2011 by Russian tech tycoon Yuri Milner.
The second was a home in nearby Woodside that was purchased last year for a reported $117 million. The buyer was reported to be billionaire Masayoshi Son of Softbank.
Other properties that sold for nine-figures were mostly land—like Ron Baron's 2007 purchase of 40 acres of land in the Hamptons for $103 million. That land is also on Further Lane, where Rosenstein reportedly made his purchase of the $147 million property.
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Yet the recent sales show that the rise of the $100 million home is no longer fantasy in the real-estate world.
"The trophy property phenomenon is not abating," said Jonathan Miller of real-estate appraisal firm Miller Samuel. "And this is a global trend, this is not unique to the U.S."