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One homeowner’s misfortune is another savvy home buyer’s opportunity.
Foreclosed homes are a way to snap up properties at a deep discount—particularly when it comes to luxury residences.
And for buyers looking to dive into the deep end of bank-owned homes, there are quite a few repossessed megamansions on the market.
We’ve rounded up a list of the 10 most expensive foreclosures in the country. It’s a dizzying collection of over-the-top properties looking for a buyer interested in living large and scoring a sweet discount at the same time.
There’s a 117-acre vineyard estate listed for $650,000 less than its $7 million purchase price in 2012; a 15,000-square-foot retreat in Idaho available for $1.5 million less than its 2017 price tag; and a rambling ranch in Julian, CA, listed for about a half-million dollars less than its 2000 purchase price.
Think of it like Black Friday for high-end real estate—without the crowds. Enjoy!
1. 56 Hennessey Ridge Rd, Saint Helena, CA
Price: $6,350,000
Vineyard estate: Fancy yourself a winemaker? Built in 2006, this Tuscan-style vineyard estate spans more than 117 acres, which include a vineyard with cabernet grapes and olive trees. The resortlike grounds feature a zero-edge pool, terraces, bocce court, and outdoor fireplace. The 5,400-square-foot main house has two bedrooms and 3.5 bathrooms. It features views of Lake Hennessey and the Howell Mountains.
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2. 15411 Palma Ln, Wellington, FL
Price: $4,995,000
Equestrian, interrupted: Horse lovers will swoon for this South Florida mansion. Built in 2002, this five-bedroom home sits on more than 5 acres and features a heated pool and covered patio. A brand-new, 11-stall barn is under construction, complete with a viewing lounge and two apartments—it’ll need to be taken to the finish line by a new owner.
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3. 21582 Cartagena Dr, Boca Raton, FL
Price: $3,989,000
Boca acreage: This 16-bedroom mansion offers nearly 25,000 square feet of living space. It was built in 2002 and is being sold as is. The 5-acre property also comes with a guesthouse with attached rec room, commercial-size pool, and spa.
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4. 615 Scenic Rim Dr, Henderson, NV
Price: $3,750,000
Mod & marvelous: This brand-new, four-bedroom home features porcelain floors, pocket doors and walls, and courtyards. There’s also a home theater, glass wine room, and jaw-dropping infinity pool.
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5. 4340 N. 57th Pl, Phoenix, AZ
Price: $2,995,000
Remodeled Tuscan: Featuring desert mountain views, this five-bedroom home has been remodeled with the finest finishes. Upstairs bedrooms come with balconies. The owner’s suite is a lavish affair with his-and-her bathrooms and closets and a separate sitting area. Outside, the home has large patios, a beautiful pool, sport court, and batting cage.
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6. 3671 Buttercup Rd, Hailey, ID
Price: $2,913,500
Log castle: This luxurious lodge measures 15,400 square feet and has 11 bedrooms and 15.5 bathrooms. Close to Sun Valley, it’s an ideal destination for corporate retreats or a heavy hitter in the media biz. Built in 1991, the home sits on more than 4 wooded acres.
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7. 17550 Harrison Park Rd, Julian, CA
Price: $2,750,000
Julian ranch: Originally built in 1933, the gated 206-acre ranch’s main house offers over 4,200 square feet of living space. The acreage is filled with apple and pear orchards, meadows, and horse corrals. There’s also a three-bedroom house for a caretaker, a one-bedroom trapper’s cottage, three barns, a storage shed, and root cellar.
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8. 11280 6th Avenue Gulf, Marathon, FL
Price: $2,500,000
Tropical estate: Sitting on the Gulf of Mexico with private sandy beaches and lagoon, this property is designed for fun in the sun. Built in 1958, the six-bedroom main house has plenty of room for friends and family. Outside, guests can enjoy the tropical pool with waterfalls, grill, covered boathouse, and deep-water dock.
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9. 9201 E Sierra Pinta Dr, Scottsdale, AZ
Price: $2,500,000
Remodeled ranch: Built in 2004, this six-bedroom home recently received an extensive remodel. From the large kitchen to the “teen room” hangout, there’s something for everyone on this custom property. The backyard resembles a resort with a pool, an 800-square-foot guest casita, and entertaining areas.
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10. 505 Regents Gate Dr, Henderson, NV
Price: $2,365,000
Custom luxe: Sitting behind a guarded gate in the MacDonald Highlands neighborhood, this custom estate was built in 2008. The grand entry, sunken living room, and oversize windows offer drama. Features like the elevator and an owner’s suite with fireplace and balcony are all about comfort and convenience.
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The post Bank-Owned Beauties: The 10 Most Expensive Foreclosures on the Market appeared first on Real Estate News & Insights | realtor.com®.
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