real estate

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'Chinese Beverly Hills' Comes to America

Wealthy buyers snap up McMansions in Arcadia, Calif.

(Newser) - Dozens of new McMansions are cropping up in an LA suburb with the usual wine cellars and marble-lined entry halls. What's turning heads: Asians are buying most of the properties and transforming Arcadia, Calif., into what some call the "Chinese Beverly Hills," the LA Times reports. In...

Tax Dodgers' Lair for Sale, Maybe With Land Mines

Tax-evading couple once holed up in property

(Newser) - If you're currently in the market for real estate, the Guardian has a find for you: a beautiful hillside home on 100 acres in New Hampshire for $250,000. The slight downside: You might run into some explosives in the area. The home used to belong to Ed and...

'Godfather House' for Sale for $2.9M

Staten Island mansion's exterior prominently featured in film

(Newser) - If you would like to live as Don Vito Corleone lived, you (kind of) can, for just $2.89 million. The 6,248-square-foot Staten Island mansion whose exterior was used in The Godfather is up for sale for that much. As the Staten Island Advance explains, five homes on Longfellow...

Home Buyers Might Want to Invest in Meth Test, Too

Indiana couple learn the house they bought was contaminated

(Newser) - Those buying homes in the US have learned over the years to check for things like mold and radon. As a couple in Indiana learned, it might be wise to add meth to the list, reports ABC News . Chris and Jenny Nugent bought a $144,000 house in suburban Indianapolis...

Connecticut Ghost Town Up for Auction

Start your bidding for Johnsonville, Connecticut, at $800K

(Newser) - Bidders who aren't scared off by million-dollar purchases can take possession of an American ghost town in Connecticut. Johnsonville was a robust mill community in the 19th century, but it is now abandoned and up for sale at auction.com . Bids start at $800,000, and the top one...

Home Buyers Pay Extra $122K for Family's Cat

Australian family agrees to throw in Tiffany

(Newser) - It's difficult to put a price on a family's love for their cat, unless you're in Australia, where $122,000 seems to do the trick. A buyer bid that amount over the asking price for a home valued at about $1.8 million—as long as the...

Ocean-Front Home Built on Wrong Lot
Ocean-Front Home
Built on Wrong Lot
Oct 14, 2014 2:46 PM CDT

Ocean-Front Home Built on Wrong Lot

Builder didn't catch survey mistake in Florida

(Newser) - A brand-new 5,000-square-foot-home in a gated Florida community has a lovely view of the ocean—and of the vacant lot next door where the home was supposed to have been built. Yes, a builder put up the $680,000, five-bedroom home on the wrong lot in Flagler County, reports...

New Real Estate Behemoth: Zillow Buys Trulia for $3.5B

All-stock deal may drastically affect real estate agents' livelihood

(Newser) - Apparently, we're starting the workweek with competitors eating each other for breakfast. First Dollar Tree announced it would be buying rival Family Dollar, and now real estate heavyweight Zillow is snatching up competitor Trulia for a hefty $3.5 billion, reports the AP . The all-stock deal will result in...

Chicago Is Selling Vacant Lots for $1

But only to their neighbors

(Newser) - Even Detroit doesn't have city real estate cheaper than this. Chicago is now offering vacant lots for just a buck each, NPR reports. But before you start dreaming of your new life as a Windy City land speculator, you should know there's a catch: You have to...

For Sale: Entire SD Town, $400K, Bar Included

Tiny Swett could be yours

(Newser) - It's time to mine the couch cushions for change again, because enough pennies could buy you bragging rights to an entire town: This time, it's tiny Swett, SD, that's up for sale. And, as the Rapid City Journal reports, $399,000 will get you the Swett Tavern,...

Oceanfront Mansion Built in Park Must Be Removed
Oops: Oceanfront Mansion Must Be Removed
in case you missed it
Jun 21, 2014 11:31 AM CDT

Oops: Oceanfront Mansion Must Be Removed

It got built, accidentally, inside a Rhode Island park

(Newser) - Oceanfront view? Check. Jacuzzi? Check. A proper survey spelling out where this $2 million mansion was supposed to be built in Rhode Island? Not so much. The state's Supreme Court has ruled that a three-story home built in Point Judith in 2010 must be removed because it went up...

Ferris Bueller House Finally Sells

Cameron's home goes for $1.06M

(Newser) - After more than five years on and off the market, an Illinois home made famous in Ferris Bueller's Day Off has sold. The home, located in the Chicago suburb of Highland Park, is the one where Bueller's best friend Cameron lives in the movie—and where he sends...

East Hampton Home Sells for Record $147M

Activist-investor snaps up mansion

(Newser) - In the market for a modest little beach house on Long Island? Why don't you paw through your couch cushions and see if you come up with $147 million, because that's what you'd need for the East Hampton beach estate that just sold to hedge fund manager...

Detroit Suburb Now Hawking Vacant Lots for $1

But only to adjacent property owners

(Newser) - A Detroit suburb is offering to sell city-owned vacant lots to adjacent property owners for $1. Warren Mayor Jim Fouts made the announcement in a news release yesterday, saying the suburb owns 136 lots from past tax-reverted purchases from Macomb County and 70 more will be available with this year'...

Americans Are Way Too Eager to Buy Houses

Houses aren't great long-term investments, Catherine Rampell argues.

(Newser) - Last week, Gallup released a poll showing that Americans, in Catherine Rampell's words, "still financially fetishize homeownership." Despite the financial crisis, respondents still considered real estate the best long-term investment—which "baffles" Rampell because, by her calculations, home prices have risen at a compound rate of...

JFK, Jackie O's Honeymoon Home: Yours for $135M

William Randolph Hearst, Marion Davies lived at Beverly House

(Newser) - Beverly House, in Beverly Hills, has a storied past: Not only was it once home to publishing giant William Randolph Hearst and actress Marion Davies—it was also a honeymoon destination for Jackie and John F. Kennedy. Perhaps less appealingly, it's the site of the famous Godfather scene in...

How Ukraine Mess May Be Healthy for New York City

Penalties may mean fewer purchases by absentee Russian billionaires: Megan McArdle

(Newser) - It may not be the first thing to come to mind in regard to Russia's dispute with Ukraine, but the fallout could take a tangible hit on New York City real estate. The New York Times explains that rich foreigners—think Russia, China, and Brazil—account for about 40%...

One Country So Broke, It's Giving Away Villages

Spain gives them away or sells for less than $100K

(Newser) - Want to buy a little vacation house in the Spanish countryside? Thanks to Spain's economic downturn, some buyers have picked up entire villages for as little as zero euros, AFP reports. Thousands of villages have been abandoned across Spain, often by residents seeking city life or better farmland, and...

For Sale: Al Capone's Miami Beach Mansion

Gangster died at $8.45M Palm Island estate

(Newser) - Got $8.45 million kicking around? You could buy the Miami Beach mansion where Al Capone died—and from which he supposedly plotted the infamous 1929 Valentine's Day Massacre. Capone bought the 10,000-square-foot Palm Island mansion in 1928 for $40,000 after he was chased out of Chicago...

One Famous Movie Home Sells, Another Is Available

House in 'Ferris Beuller' under contract; Old Man Marley's from 'Home Alone' for sale

(Newser) - It took five years and a series of price reductions, but a home made famous in Ferris Bueller's Day Off is finally under contract. Cameron's home—the place where he sends his dad's Ferrari down a ravine—has gone under contract in Highland Park, Illinois, after the...

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