See Houses 5 Billionaires Wish to Offload — and Why It May Be Robust

• Billionaires Darwin Deason, Michael Dell, and Tony Pritzker are attempting to dump properties proper now.
• Their properties on the market vary from a $31 million penthouse in Boston to a $195 million LA property.
• It may well take a very long time for very costly or distinctive properties to search out patrons.

Billionaires usually need to offload their properties, however the housing market can current some distinctive challenges for the wealthiest residence sellers.

Patrons at excessive worth factors do not all the time love properties personalized for the earlier proprietor, and the extra value of upkeep and maintenance can deter even the deepest pockets. Some folks struggling to rid themselves of luxurious properties find yourself slashing their asking costs. Others forego promoting them altogether, selecting to both public sale them off or hire them out as an alternative.

A minimum of two billionaires have discovered patrons for his or her properties this fall.

Gordon Getty, inheritor to the Getty fortune, discovered a purchaser for his residence close to Berkeley, exterior San Francisco, in lower than a month. The three,991-square-foot home, nicknamed the Temple of Wings, options Corinthian columns and luscious greenery, offered for $5.85 million in September after itemizing for $5 million in August.

Media mogul Rupert Murdoch’s three-story, almost 7,000-square-foot penthouse in Manhattan went into contract on October 10 after greater than two years in the marketplace, in keeping with its itemizing. The previous chair of Fox Company and Information Corp. bought it for $57.9 million in 2014. In 2022, he listed it for $62 million however dropped the worth as little as $28.5 million — a 50% lower.

A handful of billionaires, nonetheless, have properties they’re nonetheless attempting to promote.

Here is a roundup of billionaire-owned properties from Boston to California in the marketplace as of January 6. They’re introduced so as of final identify.