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


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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