By Shayla Mars  Fri Jan 10, 2014

The States With the Most Expensive Homes

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Let’s face it — we like nice things. Whether it’s a new pair of shoes, a purse from your favorite designer, or even furniture. The things we purchase are a reflection of ourselves. You make the best out of what you have.
So, what happens if you have a lot? Shows like “Million Dollar Listing” has pulled in a large audience who may not be able to live in the lap of luxury, but love to look at it. The beauty of luxury homes as well as the price tags astounds us. Here’s a look at some of the most expensive homes in the U.S.

Malibu, CA

According to a survey of 1,997 housing markets in the U.S. by Coldwell Banker, Malibu tops the list of most expensive houses with an average listing prices of $2.1 million dollars. Homes can go as high as $54 million if you’re looking for 13 bedrooms, 14 baths. If you are looking for a modest 3 bedroom,  that can cost $10 million on the high end and $1.5 million on the low end.

It’s no surprise that Malibu is home to the most expensive property in the U.S. The residents are billionaires, CEOs, actors, socialites, heirs, and royalty on vacation. The closer you are to the water, the more you can expect to spend for that ocean view every morning. It may well be worth it. If you ever want to tour some of the most lavish beachfronts, head over to Carbon Beach, nicknamed Billionaire Beach, after those who hold the deeds.

Stone Harbor, NJ

Many cities in New Jersey made the list with housing price averages in the low $300,000s and topping at 1.3 million in Stone Harbor. Home to mostly retirees, there are also families nestled in this borough of Cape May County. Dubbed as the town with “McMansions,” this resort community will take your breath away with its beauty and quaint atmosphere.  A four-bedroom, four-bath home close to the beach is priced in the low $6 million range.

Newton, MA

Not all property carrying a weighty price tag is located near the water. The average housing price for landlocked Newton, MA comes in just below $1 million. Spacious houses, green yards, and an excellent school district attracts those who work in Boston, but who don’t want to live among the hustle and bustle of the city. From beautiful brick homes with in-ground swimming pools to wooden panel ones with tennis courts, the median family income of $137,000 supports a relaxed lifestyle. A  three bedroom with 2.5 baths and a fireplace in the living room of a brick house is priced at $889,000.

Jackson, MS

An unlikely addition to the list considering the median income for the capital of Mississippi is less than $30,000. The average listing price is $94,000 with some homes going for $100,000 or more. With all things accounted for, if one is looking for great property priced well, Jacksonville is the move.

Kailua, HI

If you want to leave the continuous U.S. and live in gorgeous multilevel homes then Kailua, HI is for you. With an average listing price of  $1 million, homes in Kailua are dramatic and works of art. One of the most expensive homes goes for $25 million. Kailua is located on the Big Island, which provides one with the same excitement of Honolulu on Oahu but with fewer tourists. The photos are a must see.

Luxury markets exist countrywide from Seattle, WA to Hinsdale, IL. The states of New Jersey and California are the winners for most expensive towns in the U.S. Properties located close to the water usually dangle a higher price tag just for the scenic views and the amount of land that is used in construction. If you have a couple of million just laying around, browse the Internet. There are many websites solely dedicated to finding the most luxurious homes around.

For the latest on the best mortgage rates, please visit MyBankTracker’s mortgage page.

 

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