Million-dollar homes: Massive discounts

by support 11. November 2010 08:45

Million-dollar homes: Massive discounts

Million-dollar homes are the most affordable they've been in years. In fact, $600,000 is the new $1 million, according to Alex Villacorta, senior statistician for Clear Capital. Here are 7 smoking deals from around the country.

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Palm Springs, Calif.
Palm Springs, Calif.
Price: $1.15 million
Discount: 28%

Description:When this modern Mediterranean was built in 1946, Palm Springs was in its golden age, with Hollywood celebrities flocking to the city.

This 5-bedroom, 5.5-bath house went through a complete remodeling in the 1980s and has since been well maintained. The 4,600-square-foot home's most dramatic feature is a solarium with a full bar and 45 feet of sliding glass that opens onto the garden and pool. There's also high ceilings, a maid's quarters, a guest house, and mountain views.

A few years ago, a large, well-built house like this would have sold in the $1.5 million to $1.6 million range, according to agent Ben Leaskou but the housing bust has taken the price down to a very reasonable level.

Full Info: http://money.cnn.com/galleries/2010/real_estate/1011/gallery.million_dollar_bargains/index.html


For further information: Trulia

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Comments (8) -

Racquel Buckle
Racquel Buckle United States
1/9/2011 6:00:02 AM #

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Fatima Wilcher United States
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Brandi Nooney
Brandi Nooney United States
1/11/2011 12:53:31 PM #

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