4. French Chateau-style Mansion
Location: Palm Beach, FL
For sale: $74 million
Monthly mortgage: $358,639/month
A new addition to our round-up of most expensive homes is this 2.5-acre Palm Beach palace "inspired by the tradition and architecture of the grand estates of Europe." The French Chateau-style home boasts over 27,000 sq ft, 8-en suite bedrooms, 5 powder rooms, boat dock, and beach access. This mansion first hit the market last November for $84 million and is located along "Billionaires Row." Grabbing this $74 million pad means a mortgage payment of $358,639/month (based on 20 percent down payment of $14.8 million and a 3.95 percent 30-year fixed mortgage rate).
What will $360,000 buy on the Palm Beach real estate market? A condo.
2295 S Ocean Blvd, Palm Beach, FL 33480 (below)
For sale: $349,000
Features: 2 bathrooms, 1,559-sq ft, completely renovated, partially furnished, panoramic intracoastal views
Credit: Zillow Blog