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Record US residential sale breaks $100 million mark
                                       
Press Release
For immediate release
Contact:  Ashton Coleman
(305) 978-7704 /direct
(888) 383-7326 /toll free
  
Record US residential sale breaks $100 million mark                                                                                           
Heiress sells 40-acre "building lot" in New York's Hamptons to financial mogul
The cloud over the current residential real estate market has a silver lining.  The upper-tier market continues to boom, as evidenced by the record-breaking sale of a residential property in East Hampton (NY) for $103 million.
The new sale was supposed to be hush-hush. But, the news was quickly out that Schlumberger Oil fortune heiress Adelaide de Menil and her husband Ted Carpenter had sold the ocean front property to Ron Baron, founder of Baron Funds Investment Company.  The transaction breaks the previous record for the most expensive home sold in the US which was set in 2004, by the sale of Revlon Chairman Ron Perelman's Palm Beach estate. 
Although the sale in the Hampton's is a new US record, the world record residential sale is still held by Forbes Billionaire Lakshmi Mittal's purchase of a London estate for $128 million.
"By comparison, the most expensive home sold last year in Miami Beach was $22,500,000," according to  Ashton Coleman of Keller-Williams Miami Beach Realty.  "In 2005 there were 7 homes that sold ... more

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