There were more than 200 sales in the top 15 ZIP codes for homes priced at $10 million or more in 2012, and the megahome market shows no signs of slowing.
The homes shown here—with prices ranging from $12 million to $75 million—illustrate the offerings in and around the towns with the largest number of listings: Malibu and Beverly Hills in California, followed by Aspen, Colo.
—By Robert Frank and Paul O'Donnell
ZIP code: 81654
Just outside Aspen, this 18,000-square-foot, seven-bedroom home is the focus of Four Peaks Ranch, named for its views of Mount Sopris, Mount Daly, Capital Peak, and Snowmass. The property includes 15-plus miles of hiking and horseback-riding trails, and a beach where waterfalls feed into three large ponds.
Built around terraces outside and rooms with atrium ceilings inside to maximize the views, the house includes two full kitchens, four fire pits, and this pool that extends from indoors to outside.
ZIP code: 90265
At the end of a road overlooking a coveted private beach called Little Dume, this five-bedroom, 6,000-square-foot home is approached via a bridge beside a waterfall. Outdoors is a bluff-top pool with expansive views and lighted tennis courts.
Inside the Wildlife Road house you'll find floor-to-ceiling windows facing the ocean, with an open plan that boasts views from nearly anywhere in the house. Above is a beautiful master suite with a balcony.
ZIP code: 90210
This gated estate on winding Oak Pass Road in Beverly Hills is set on almost two acres, with a separate two-bedroom guest house, detached, a two-story gym with a boxing ring, and this lavish pool.
The five-bedroom house includes a master suite with his-and-her baths, a state-of the-art kitchen, and a 35 mm. digital-projection screening room.