May
2012
Saturday, August 27, 2011
Jerold Leslie, The Street
Submitted by: T. Hawkins

5 Obscene Foreclosures For Sale

The U.S. foreclosure market has been inundated with multimillion dollar homes with banks seizing some 335% more such properties last year than they did in 2007.

According to the Street.com, million-dollar-and-up homes are the fastest-growing segment of the U.S. foreclosure market. Here are the five highest-priced U.S. foreclosures listed for sale on Realtor.com:

The Villa Mar Vista Estate, Laguna Beach, CA
For sale: $19.95 million
Bedrooms: Four
Bathrooms: Seven
Square footage: 11,333
Built in: 2010

The Razor, La Jolla, CA
For sale: $25 million
Bedrooms: Four 
Bathrooms: Eight
Square footage: 11,000
Built in: 2007

East Mockingbird Lane, Paradise Valley, AZ
Note:
Quite possibly the tackiest, ugliest waste of resources ever constructed.
For sale: $17.995 million
Bedrooms: Seven 
Bathrooms: Ten
Square footage: 17,015
Built in: 2009

The Wyndham Estate, Newport, RI
For sale: $7.9 million
Bedrooms: Seven 
Bathrooms: Eight
Square footage: 12,500
Built in: 1891

Biltmore Estates Drive, Phoenix, AZ
For sale: $6.95 million
Bedrooms: Nine 
Bathrooms: Eleven
Square footage: 17,799
Built in: 2002

Posted by Editor on 08/27/11 at 03:35 PM •  (0) Comments

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