February 20, 2015 / Market Insights

What Does $5 Million Buy Around The World?

While in some cities around the world, truly luxurious homes can be found at around US$5 million, buyers will have to spend more for comparable levels of luxury in other markets

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Location, lifestyle, and provenance, particularly at the top end of the luxury residential real estate market, are the hallmarks of value and often equally as important as price when affluent individuals consider a property purchase. While in some cities around the world, truly luxurious homes can be found at around US$5 million, buyers will have to spend more for comparable levels of luxury in other markets. Explore what this price point can buy across the globe, from a two-bedroom apartment in New York City to a seven bedroom waterfront villa in Spain.  

1) New York, New York<strong>2 Bedrooms, 1,795 Sq Ft.</strong><br/>Located on the 33rd floor of the famous Olympic Tower condominium, this large corner two bedroom with two and a half marble bathrooms offers spectacular sunbathed views that add to the graciousness of the entertaining space.

2) Rio De Janeiro, Brazil
<strong>3 Bedrooms, 3,088 Sq Ft.</strong><br/>This excellent property is divided into an entrance hall, living room / dining room, closed balcony, three en-suites with closets, eating area / kitchen with cabinets, terrace, swimming pool and two parking spaces.
3) Pok Fu Lam, Hong Kong
<strong>4 Bedrooms, 3,285 Sq Ft.</strong><br/>Rare find duplex apartment with 4 bedrooms and 4 bathrooms, with balcony and private roof terrace offering unobstructed sea views.
4) London, England
<strong>4 Bedrooms, 1,946 Sq Ft.</strong><br/>A charming and well presented four bedroom maisonette, occupying approximately 1,946 sq ft, on the raised ground and lower ground floor of this well maintained building.
5) Los Angeles, California
<strong>5 Bedrooms, 5,240 Sq Ft.</strong><br/>Architecturally inspiring in both appearance and function this incredible home radiates a warm California modern allure draped in sophistication and delight.
6) Sarasota, Florida
<strong>5 Bedrooms, 6,971 Sq Ft.</strong><br/>With 180 degrees of panoramic views, this property is gated, private, and protected by the natural and beautiful rocks and rare gulf-front seawall.
7) Gelderland, Netherlands
<strong>6 Bedrooms, 7,534 Sq Ft.</strong><br/>This beautiful estate is surrounded by an English park garden in country style, has a stately front door, and a bright hall with marble floor.
8) Javea, Spain
<strong>7 Bedrooms, 10,677.89 Sq Ft.</strong><br/>Luxuriously-appointed villa for sale with breathtaking panoramic views of the Mediterranean Sea and the little island of Portichol, located in the sought after area of Portichol in Jávea, Alicante just a few minutes from La Barraca beach.
9) Saint James, Barbados
<strong>4 Bedrooms, 4,330 Sq Ft.</strong><br/>This stylish and newly built contemporary 4 bedroom villa sits on a ridge and boasts magnificent sea views over an impressive gully, which can be enjoyed from an inviting infinity edge pool.
10) Gauteng, South Africa
<strong>4 Bedrooms, 21,527 Sq Ft.</strong><br/>Distinguished by its beautifully scaled and intricately detailed formal rooms, this light-filled home offers peace and privacy on 8565m2 of park-like garden complete with designer rim flow pool, floodlit tennis court and koi ponds.

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Topics

  • Relative Values
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