Considering investing in some luxury property? For anyone dreaming of a move across the pond, the U.S. is a cornucopia of spectacular condos, lavish villas and opulent mansions, and whether you already live in America or you dream of relocating there, then there are some great opportunities and investments to be had if you know where to look.
With high-end properties fetching upwards of $1 million in all 50 states and thousands going for eye-watering prices far beyond that, there is certainly no shortage of stand-out properties to choose from – and whether you’re a city type, can’t get enough of the countryside or have always daydreamed about living on the coast, the options abound.
Of course, there are certain hot spots that have become popular locations for affluent buyers, with some even home to a string of ultra-wealthy celebrities and Hollywood stars. The most highly sought-after locations tend to offer plenty of privacy and the utmost in exclusivity, whilst also being well positioned for easy access to great shopping, dining, nightlife and business opportunities.
If you’re feeling a little spoilt for choice, then look no further – because, handpicked by U.S. mortgage provider SoFi, these are the best locations to find some quality luxury real estate, and maybe even your dream home.
Beverly Hills, California
Home of the rich and famous, the 90210 postcode is perhaps one of the most coveted in all of the U.S., and when you look at it, it’s easy to see why. A maze of sophisticated, tree-lined boulevards, plush mansions and gated communities, Beverly Hills enjoys privileged access to all the amenities you could want, and almost any type of luxury real estate can be found here without too much trouble.
With the likes of Jennifer Aniston, Taylor Swift, Jack Nicholson and Ashton Kutcher as your neighbours, it’s perhaps unsurprising that the current average house price in the area stands at $5.6 million – but these celebrities’ breath-taking luxury pads almost certainly cost a whole lot more.
The Hamptons, New York
Every summer, the Big Apple’s most affluent residents make their way to the Hamptons to spend the warmer weather relaxing in their holiday homes. East Hampton, where house prices average around $1.8 million, is particularly popular with wealthy city dwellers and enjoys calming rural surroundings, golden sandy beaches and quaint harbour towns.
It’s within easy driving distance of New York, reachable in just two and a half hours, and provides a welcome haven away from the hustle and bustle of the city. In the winter months, it’s quiet and laid-back, but there’s still plenty to do – from visiting the Parrish Art Museum or the Montauk lighthouse, to enjoying the peace and tranquillity of the natural environment.
Palm Beach, Florida
Looking for a luxury villa or condo by the sea? Then Palm Beach is just the place to find it. Having fast become a haven for wealthy retirees as well as affluent entrepreneurs and business owners in their heyday, it’s another popular destination for extended summer getaways, and attracts sunseekers from across the Sunshine State, as well as from further afield.
Enjoying warm, pleasant weather year round, every day is a beach day here. The average piece of luxury real estate tops the $2.8 million mark, but if you’re looking for something really spectacular then you should be prepared to pay several times that.
Miami, Florida
Speaking of the sunshine state, Miami is a great spot for anyone seeking luxury real estate. This beachfront city enjoys one of the best locations in the country and offers the best of both worlds when it comes to work/life balance – and as a major business hub, there are plenty of opportunities to be had here outside of property investment alone.
This trendy destination offers a vibrant food and drink scene, great nightlife, upscale shopping and a good helping of culture to top it all off, and with a vast array of lavish condos and villas to choose from, many offering spectacular ocean views, it really doesn’t get much better than this.
Boca Raton, Florida
Property sales in Boca Raton fetch an average of $5.5 million, with many homes going for well above that number. In fact, just recently, an oceanfront mansion sold for $40 million – which should give you some idea of the calibre of properties on offer here.
There’s a great arts scene, plenty of great restaurants and excellent schools all in the vicinity – not to mention abundant economic growth. With an average square footage price of $670, Boca Raton is fast becoming a sought-after location amongst multi-millionaires seeking a slice of the good life, and it’s easy to see why.