Morning Briefing: The $200 million home complete with famous resident

by Steve Randall11 Jan 2016
The $200 million home complete with famous resident
If you were spending $200 million on a new home you would expect it to be vacant. You’d certainly be concerned if your mandatory tenant has a reputation for wild parties and was of constant interest to the media. That’s the deal though if you want to buy the Playboy Mansion; the deal includes a life tenancy for Hugh Hefner. TMZ reports that Playboy Enterprises will list the Los Angeles property in the next month and while potential buyers will get to see the mansion, Hef’s bedroom will be off limits. If having the 89-year old publisher living in the home until his death doesn’t put you off, the price tag may be an issue. Zillow’s estimate for the home is just $34 million.
 
Luxury homes sales in Denver up 50 per cent
There was a 50 per cent increase in the number of homes priced above $1 million in metro Denver in December compared to a year earlier. LIV Sotheby’s International Realty reported that 116 luxury homes sold compared to 78 in December 2014. Low inventory has pushed the average selling price of luxury homes to $1.51 million, 1 per cent up from the previous December. In Boulder County there was a 40 per cent rise in sales year-over-year and an 87 per cent rise month-over-month. Eagle County and Summit County saw slight declines in the number of luxury sales.
 
Blunt, Krasinski sell up California homes
Acting couple Emily Blunt and John Kransinski have sold their weekend retreat and have listed their main home in California. According to Zillow the pair sold their Ojai weekend home a few months ago and have listed their Hollywood Hills residence. The 6-bedroom, 4.5 bedroom has been remodelled by the couple while they lived in a rental but they have now decided that the west coast is not for them. They are hoping to return to New York with the $8 million asking price.
 
Construction jobs boom as housing market rebounds
The rebound of the US housing market has added thousands of jobs to the construction sector. Labor Department data shows that there were an extra 45,000 workers in construction in November with builders working longer hours too. Redfin’s Lorraine Woellert wrote on Forbes.com that the warmer weather helped construction pick up but warned that the growth in the labor market could mean the Fed will raise interest rates faster, with additional mortgage costs potentially slowing the housing market.
 

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