Tuesday, August 19, 2008

Home sells for 750 Million


A mysterious Russian billionaire has trumped his big-spending rivals and broken a world record by splashing out $750 million on one of the most sumptuous villas on the French Riviera.
Although not nearly as extravagant, we have had our share of multi million dollar listings right here in North Texas. Considering that the average price for a family home in the DFW area is $238,000 it is amazing the number of 1+ million dollar homes that have sold throughout Dallas and its suburbs. There are several subdivisions where the million dollar home is the norm, not the exception. In the past few years Dallas has had several sales in the 12+ million dollar range and and both McKinney and Plano have had homes that have sold for 5+ million.
Currently the most expensive home listed for sale in the Metroplex is in Dallas and is offered at 17,500,000.
If you would like more information please feel free to email donna@donnabthomas.com for a full report of sales and active listings in the DFW area.

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