Rain City Guide

$90 million home sets US property record

Dustin on 06 21, 2005

Wow!

A 40-acre estate in the Hamptons – the Long Island summer retreat of New York’s rich and famous, has been sold for $US90 million, a new US record for a residential property.

The New York Post cited sources close to the deal as saying the purchase was made by a Swedish industrialist who has rented the estate for the past few summer seasons.

To answer the obvious question… Assuming standard commissions (and this was far from from a standard situation), two real estate agents just earned $2.7 million in commissions!

About the Author: Dustin Luther

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As the founder of Seattle's Rain City Real Estate Guide, I love to talk, discuss and implement social media strategies that drives business in real estate. In following this passion, I founded 4realz.net Social Media Strategy and regularly speak about social media strategy to real estate audiences. You can connect with me on LinkedIn, become a fan on Facebook and follow me on twitter at @tyr.