![]() Just over the town line is Westchester County in New York, where the Clintons have a comparatively modest but very secure house in Chappaqua, and where dozens more billionaires have large spreads with formal gardens, including George Soros and Michael Bloomberg, who seems to have homes in all the hot spots. Last year a shorefront property, Copper Beech Farm, sold for $120 million. Investment bankers, including several of the top 50 richest people in the country, have homes here, such as Ray Dalio, Thomas Peterffy, and Steve Cohen. Residents have included celebrities like Ron Howard, Mary Tyler Moore, Glenn Close, Regis Philbin, and Mel Gibson, whose house on Old Mill Road was on the market a few years ago for $39.5 million. With its proximity to New York, and its jutting peninsulas and leafy hills, Greenwich has become one of the most affluent towns in the country. Like the London borough after which it is named, the houses here tend towards the English estate style, with large lawns, classical statuary, and privacy. Greenwich is the closest Connecticut community to New York City, less than 40 minutes by train to Grand Central Station. Perhaps that is why it has been listed for more than two years, despite its 45-acre seafront lot. The scale and pedigree of these homes continues to support a robust real estate market, where one of the most expensive homes for sale is actually not a Gilded Age palace, but a house built in 2009, with an asking price of $45 million, and a relatively modest 7,698 square feet of space. Though some of the mansions of Newport have been turned into museums and schools, many remain in private hands, and are among the most conspicuous displays of large living in the nation. Newport, a town on a peninsula in coastal Rhode Island, is famous for its Gilded Age seasonal mansions (called cottages at the time), built by the barons of New York and Boston, like the Vanderbilts and Astors, and where the architects that built the mansions, including Charles McKim, Stanford White, and H. It is larger and more touristed than Nantucket, and usually has fewer homes exceeding $10 million on the market, though properties exceeding $100 million have sold on the Vineyard in the past. The Vineyard is a political and celebrity playground, frequented by the Kennedys, Clintons, and Obamas, and where politically connected celebrities like James Taylor have summered for decades. Entertainment celebrities, CEOs, and politicians, like John Kerry, have homes here too.Ī close second for the most expensive real estate market in New England is the adjacent island of Martha’s Vineyard. ![]() Tommy Hilfiger, whose fashion line evokes the affluent beach life of the island, built one of the most expensive homes on Nantucket. Nantucket has a year-round population of 10,000, which grows to 50,000 in the summer. Image: ZillowThe most expensive homes on the market in New England are often found on Nantucket, an island off Cape Cod. One of the most expensive listings on the market in coastal New England: 21 Vista Drive, Greenwich, Connecticut, $54 million. This is where the traditional old money of America roosts, among the convoluted coast from Maine to Connecticut, and among the islands of Massachusetts. The coast of New England provides the historic context of colonial settlements and early industrialists’ ocean-front manors that evoke the estates of England, transposed and transformed in the New World. Mapping the places where the highest concentration of these homes appear, from the Hamptons to Malibu, presents a national realm of fantasy realty, where the American Dream is as vivid and obtainable as the horizon. With internet tools like Trulia and Zillow, homes currently on the market for $10 million or more can be found in abundance. According to the US Census Bureau, of the more than 115 million homes in the US, 8% are mobile homes, 17% are apartments, 10% are in 2-4 unit buildings, and 60% are single-family detached structures, what is generally understood to be a “house.” The value of the average American home, incidentally, is around $200,000.Īt the top end of the real estate market, the idea of home takes on spectacular dimensions, and spans the nation. Image: Zillow ALL OF US have to live somewhere, and what we call home says a lot about who we are as individuals, and as a nation. This home, at 26 Pond Road, near Gatsby Lane in Kings Point, is on the market for $100 million. One of the classic palatial residences along the Gold Coast, on the north shore of Long Island, where the barons of a previous era had their fantasy homes close to New York City.
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