The most luxurious housing properties in the United States may generate a lot of buzz because of opulence and near impossible-to-buy price tags but many of them that get listed don't easily find new homeowners.
In a report by Housing Wire, the number of prospective buyers of luxury homes is already low and with a $100 million asking price, the interest for such properties is expected to go down especially with today's economic conditions.
One good example of such a home is the King of Pop Michael Jackson's "Neverland" estate which is officially listed as Sycamore Valley Ranch. The ultra-luxurious crib has been on the market since May 2015 and the 2,698-acre Los Olivos complex still has no buyer showing interest. The mansion alone occupies 12,598 square feet of space with six bedrooms and nine bathrooms.
Aside from MJ's digs, Forbes also listed other luxurious real estate that has been on the market for some time with no takers coming in sight anytime soon. Rancho San Carlos located in the same neighborhood as the "Neverland Ranch" is listed for $125 million and has been for sale for more than a year and a half. It was placed on the seller's block in 2014. It is Montecito's biggest estate with over 29,483 square feet of living space. The house has a total of 30 rooms with 12 of them bedrooms. There are also 13 bathrooms plus 10 more cottages if those are not enough.
Another ultra-luxurious property that figures to stay on the market for some time is the Le Palais Royal on Millionaire's Mile in Hillsboto Beach. With a $159 million price, selling the 47,774-square-foot house is going to be a gargantuan task for the listing agent. Aside from having 19 bedrooms, the property also holds the distinction of being the home of the world's first IMAX theater located inside a residential property.
