8/07/2013

Upsizing and Downsizing: Titillating Tidbits

One segment of the real estate market that keeps the business chugging along is people needing more room or less room. While it is possible to get a Huntington Beach home with 10,000+ square feet, Fountain Valley homes are more 'quaint',  topping out at a more manageable size of 4000+ square feet.  In both cities you can buy a home as small as about 500 square feet.  But what about famous people?  Funny you should ask.   Here's some figures I found online:

Even the very wealthy downsize sometimes.  Margrit Mondavi, widow of Robert Mondavi, now has a new home.  Their Napa Valley Estate was 11,500 square foot storied property including a pool in the living room.
Now, she lives in a 2 bedroom and 2 and one half bath home in Napa.  She converted a 3000 square foot, 4 bedroom and 5 bath home, and it has all the amenities you would ever desire.
Her price downsize: $25M to $4M.
On the other side-upsizing:  Rihanna, 25, singer, bought a 11,000 square footer for $12M; Sean Parker, 33, Napster founder, a $20M Manhattan townhouse; Justin Bieber, 19, a $6.5M in Calabasas Park; Chelsea Clinton, 33, Stanford Grad and her husband, a $10M full-floor condo in Manhattan; Katy Perry, 28, pop star, a $11.2M in Hollywood Hills; Megan Ellison, 27, daughter of Larry Ellison who founded some small company, three houses including one for $14M; Ekaterina Rybolovleva, 24, daughter of a Russian Billionaire, $88 Manhattan penthouse.


 I will console myself with the knowledge that those houses would take way too long to clean...



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