Most Expensive Real Estate In The U.S. Per Square Foot
When it comes to buying real estate, location is often the most important factor. However, in some cases, the cost per square foot can be staggering, regardless of the location. In this article, we’ll take a look at some of the most expensive real estate in the United States per square foot.
New York City
It’s no surprise that New York City is home to some of the most expensive real estate per square foot in the country. Manhattan, in particular, is known for its high-end properties, with some apartments selling for over $100 million. In fact, the most expensive apartment ever sold in New York City was a penthouse at 220 Central Park South, which sold for $238 million in 2019.
San Francisco
San Francisco is another city known for its expensive real estate. With limited space and high demand, prices for homes and apartments can be astronomical. In 2019, a home in the Pacific Heights neighborhood sold for $40 million, making it the most expensive home ever sold in San Francisco.
Los Angeles
Los Angeles is home to some of the most expensive neighborhoods in the country, including Beverly Hills and Bel Air. In 2019, a home in Beverly Hills sold for $119.75 million, making it the most expensive home ever sold in Los Angeles County.
Miami
Miami is known for its luxury condos and waterfront properties. In 2018, a penthouse at the Faena House sold for $60 million, making it the most expensive condo ever sold in Miami Beach.
Boston
Boston may not be as well-known for its expensive real estate as some of the other cities on this list, but it certainly has its fair share of high-end properties. In 2017, a penthouse at the Millennium Tower sold for $35 million, making it the most expensive condo ever sold in Boston.
Conclusion
If you’re in the market for high-end real estate, these cities are a good place to start your search. However, be prepared to pay top dollar for even the smallest of properties.