You are receiving this message because you have visited our site and requested to be contacted. If you no longer wish to be contacted, please use the removal link: REMOVE. | | | | Get Your Brand in Front of Thousands | | Welcome to The Millionaire – your premier source for exclusive lifestyle news and trends. Each edition is meticulously curated to elevate your daily life with insights into luxury, culture, style, technology, travel, and more. Designed to inspire and inform, The Millionaire is not only a trusted resource for our affluent readership but also a high-impact platform for advertisers seeking exceptional engagement and brand affinity. Our audience comprises sophisticated high-income professionals, including business owners, investors, and executives, predominantly male (65%) with a strong female segment (35%). Readers are primarily aged 35 to 54 and boast annual incomes between $150,000 and $300,000. They are drawn to luxury goods, financial strategies, high-end travel, and exclusive experiences. Geographically, they are concentrated in urban and suburban areas of major metropolitan hubs like New York, Los Angeles, and Chicago, aligning with a lifestyle of premier access and exclusivity. Advertisers with The Millionaire connect directly with this discerning audience, achieving unmatched resonance within a community that values quality, innovation, and luxury. | | | | | Bob Hope’s Iconic Palm Springs Mansion Fetches Record Price | | | | A Modernist Masterpiece With a Futuristic Touch The Hope Estate, a stunning example of modernist architecture, has once again captured attention, potentially setting a new sales record in Palm Springs. Designed by renowned architect John Lautner, this 23,000-square-foot property, known for its UFO-like shape and unique design, has recently been sold, with the final price remaining undisclosed.
A Timeless Design With an Otherworldly Appeal Featuring a striking blend of concrete, steel, and glass, the mansion stands as Lautner’s largest creation, standing out with its curving copper roof that echoes the nearby mountain landscape. With 10 bedrooms, 10 full bathrooms, and 3 half bathrooms, the home boasts breathtaking architecture, including a natural boulder integrated into the living room and an imposing fireplace large enough to accommodate a person inside.
A Courtyard With a Bold Architectural Statement The home’s courtyard is an architectural wonder, with an enormous oculus cutting through the curved roof, creating a dramatic effect that leaves an unforgettable impression. The sheer scale and design of the estate are overwhelming, offering a unique experience to anyone who steps inside.
A Price That Reflects Its Grandeur Despite its immense architectural value, the estate struggled to sell at first, having been listed at $50 million in 2013. After several price reductions, the home was listed at $25 million before finding its new owner. While the buyer’s identity remains private, it is known that the buyer is an American with an appreciation for distinctive architecture. | | | | Luxury Hanalei Bay Property Sells for Half Price | | | | A Stunning Beachfront Retreat at a Steep Discount A rare opportunity in Kauai’s Hanalei Bay has recently been seized, with a breathtaking 2-acre beachfront estate changing hands for $16.2 million. Originally listed for $29.85 million in 2015, the sale marks a drastic reduction of nearly 50%, reflecting the fluctuating real estate market and evolving buyer interest.
A Timeless Property with Unmatched Beauty The estate, one of the largest on Hanalei Bay, offers 215 feet of pristine beachfront with spectacular mountain views. Built around 1917, the property maintains much of its original charm, featuring a 3,790-square-foot main house with five bedrooms and a covered patio that overlooks the serene bay. Additionally, the grounds include a two-bedroom guest cottage, perfect for hosting guests or extended family.
A Slow Market for High-End Properties Kauai, known for its quiet allure and lack of nightlife, often sees slow sales in the luxury real estate market. Despite its storied past, this home stood on the market for several years, reflecting a broader trend on the island, where high-end properties tend to take longer to find the right buyer.
A Savvy Buy in Kauai’s Exclusive Market The buyers, a family with children, have opted to make the property their full-time residence. Despite its age and the need for some updates, the home represents significant value, especially given its prime location along one of the most desirable coastlines in the world. | | | | | | | | | | St. Louis: The Unstoppable Luxury Housing Market for 2025 | | | | Severe Supply Shortages Propel St. Louis to the Top St. Louis has claimed its place as the most dynamic luxury housing market in the U.S. for three consecutive quarters, and its upward trajectory is expected to continue into 2025. The city’s exceptional performance can be largely attributed to a severe shortage of available high-end properties, making it a competitive market for both buyers and sellers.
Demand Outpaces Supply: A Recipe for Rising Prices One of the key drivers of this ongoing success is the significant lack of luxury homes in St. Louis. Reports indicate that the availability of high-end properties is still down by 41% from pre-pandemic levels, creating an environment where demand far exceeds supply. This imbalance has resulted in homes selling for well above asking prices, with multiple offers driving price increases. As long as this trend persists, buyers can expect prices to rise steadily through 2025.
Affordability Sets St. Louis Apart St. Louis stands out among other luxury housing markets for offering homes at a far lower price point than cities like New York, Los Angeles, or San Francisco. For buyers seeking luxury without the sky-high costs seen in more traditional markets, St. Louis offers an appealing alternative. The city’s relatively affordable housing market, coupled with its high quality of life and low climate risk, continues to attract buyers from both within and outside the region. As prices in other parts of the country climb, St. Louis will remain a top destination for those seeking value.
Relocation Traffic Drives Growth Another factor contributing to the growth of St. Louis’s luxury market is the influx of relocation traffic. More than 36% of listing views in the third quarter of 2024 came from out-of-state buyers, with many looking to escape the rising housing costs of coastal cities. The city’s low cost of living, thriving housing market, and job opportunities make it an appealing choice for remote workers and families alike. This trend is expected to continue into 2025, further fueling demand for luxury homes in the region.
St. Louis’s Resilience Amid National Slowdowns While luxury markets across the U.S. have faced challenges due to higher mortgage rates and economic uncertainty, St. Louis’s luxury market has remained resilient. Despite the broader slowdown in home sales nationally, the city’s high-end properties continue to perform well, with sellers regularly receiving multiple offers and homes often selling above asking price. As mortgage rates fluctuate in 2025, St. Louis’s market is expected to maintain its momentum, with even more buyers entering the fray if rates decline.
The Future: Continued Prosperity for St. Louis’s Luxury Market St. Louis’s luxury housing market is poised for continued success as it moves into 2025. The city’s low supply of homes, high demand, and affordability compared to other major markets ensure that St. Louis will remain a sought-after destination for luxury buyers and investors alike. For sellers, the market’s strong performance indicates that the rewards will continue to be high in 2025. As long as supply constraints persist, St. Louis will remain a dominant force in the U.S. luxury housing market. | | | | Central Park Tower Penthouse Breaks NYC Real Estate Record at $115 Million | | | | A Landmark Sale in Manhattan’s Luxury Market A historic real estate transaction has occurred in New York City, with the sale of a duplex penthouse atop Central Park Tower for a stunning $115 million. This marks the first sale exceeding $100 million since 2022, reasserting the city's position as a prime luxury real estate hub. Located at 217 West 57th Street, the residence occupies the building’s top two floors and represents the pinnacle of opulence in Manhattan’s Billionaires' Row.
The Ultimate in Penthouse Luxury Spanning 12,560 square feet, this extraordinary duplex boasts seven bedrooms, eight bathrooms, and two expansive terraces offering panoramic views of Central Park. Inside, the home features soaring 30-foot ceilings, a private elevator, a grand library, a conservatory, and a state-of-the-art home theater, ensuring every luxury is within reach. Initially listed for $175 million in March 2023, the price was later adjusted to $149.5 million before the sale.
Unmatched Luxury on Billionaires’ Row The Central Park Tower, the tallest residential building globally, continues to attract the world’s elite, with its unrivaled views and high-end amenities. The building's top triplex, initially listed for $250 million, remains off-market after a series of price reductions, but it still holds its place as one of the most expensive residences on the planet.
A Strong Finish for Manhattan’s High-End Market While the overall luxury market in New York City saw a substantial increase in sales in 2023, the $115 million sale is a notable standout. The last $100 million-plus deal in the city was completed in 2022 when a hedge fund mogul sold his Central Park penthouse for $188 million, setting another new record. | | | | Jersey City Penthouse Set to Break $6.9 Million Sales Record | | | | A New Benchmark in Luxury Living A remarkable 3,847-square-foot penthouse atop a 49-story tower in Jersey City has been listed for $6.9 million, positioning it as the city’s most expensive property on the market. This listing, located at 77 Hudson Street, has the potential to break the local sales record, which currently stands at $5.7 million from a 2022 sale. If sold close to its asking price, this luxurious residence will set a new precedent for the area’s real estate market.
Unparalleled Views and Extraordinary Design Situated on the top floors of a sleek, modern skyscraper, the penthouse offers breathtaking, panoramic views of the Manhattan skyline and the Hudson River. The space features four bedrooms, four-and-a-half bathrooms, and a meticulously designed open-concept layout. The residence also includes custom fixtures, high-end appliances such as Sub-Zero, Miele, and Bosch, and two kitchens, providing both luxury and convenience. Additionally, the penthouse boasts two living rooms, ideal for staff or guests.
A Prime Location Just Minutes from New York While New York’s real estate market may see similarly priced properties, this Jersey City penthouse offers a rare opportunity for expansive living space in a prime location. With easy access to Manhattan via the Path or ferry, it combines the luxury of high-rise living with the convenience of being minutes away from the city. The building, designed by award-winning architects Cetra Ruddy, is equipped with premium amenities including a fitness center, pool, sauna, and theater, making it a top choice for those seeking an exclusive lifestyle.
A Growing Luxury Market Across the River The Jersey City market is experiencing a significant boom, with an increasing number of New Yorkers looking across the river for larger, more affordable properties. Despite rising prices, Jersey City offers a level of luxury and value that is difficult to match in Manhattan, where similar-sized penthouses often exceed $10 million. |
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