Amid continued reports of a lagging luxury market in Manhattan, Vornado Realty Trust bolstered the Big Apple’s “Only in New York” real estate credentials last week by announcing their offering of a four-story apartment at 220 Central Park South for the record-breaking price of $250 million.
The massive condominium will encompass floors 50 through 53 of the Robert A.M. Stern-designed limestone tower, and it will span some 23,000 square feet, according to an amended offering plan filed with the New York Attorney General that was reviewed by The Real Deal. The asking price works out to nearly $11,000 per square foot.
New York’s crown for priciest apartment sale currently belongs to Extell Development’s One57, where a penthouse sold for $100.5 million in January 2015.
While the record-setting structure will certainly feature formidable views and the most important New York City amenity, ample living space, we’re firm believers that variety is the spice of life.
MORE: This Is the Most Expensive Home Sold in NYC in 2016
To that end, we’ve found five luxury homes you could buy instead of the $250 million apartment in 220 Central Park South, with enough leftover for private jet travel between the geographically diverse estates.
California Dreaming
72 Beverly Park - BEVERLY HILLS, CA, 90210
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Price: $45 Million Bedrooms: 11 Bathrooms: 10 Full, 6 Partial
Whether you spend $2 million or $250 million, if your purchase is in New York City, you will always have to deal with winter. Make the most of an endless summer with this contemporary Beverly Hills beauty which sits on 6.79 acres and includes a large pool, paddle tennis courts with pavilions and “vast pristine lawns.”
Winter Wonderland
2800 Buttermilk Road - ASPEN, COLORADO, 81611
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Price: $49 Million Bedrooms: 8 Bathrooms: 9 Full, 2 Partial
220 Central Park South may offer luxurious living spread across four floors, but unless you want to slalom down the home’s multiple staircases, you’ll need new accommodations when ski season arrives. Nestled high on Buttermilk Mountain, this ski-adjacent abode offers a range of amenities essential for winter (and summer) in Aspen, as well as stunning views of Mount Sopris and the Continental Divide.
Summer Essentials: A Hamptons Home
SAGAPONACK, NY, 11962
... Powered by Cincopa Video Hosting Platform for Business solution.Sagaponack - $250 Million Altoriginaldate 1/1/0001 6:00:00 AMwidth 989height 660originaldate 1/1/0001 6:00:00 AMwidth 990height 660originaldate 1/1/0001 6:00:00 AMwidth 990height 660originaldate 1/1/0001 6:00:00 AMwidth 990height 660
Price: $50 Million Bedrooms: 9 Bathrooms: 10 Full, 1 Partial
A quarter-of-a-billion dollar apartment is impressive, but come summer, your New York friends and neighbors won’t care unless you have that one real estate essential: a home in the Hamptons. This modern Sagaponack structure sits on 3 oceanfront acres and includes a tennis court, a rooftop deck with jacuzzi and an oceanside pool with pool house.
South of France Solitude
SAINT TROPEZ, 83990
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Price: Available Upon Request Bedrooms: 14 Bathrooms: 12
With 25-plus rooms spread over four floors, 220 Central Park South will give its owner plenty of opportunity to escape while remaining in the center of the universe. But those looking to truly leave the world behind couldn’t do better than this secluded 18th-century Provencal country home in Saint Tropez. Located in Les Parcs de Saint, “the largest and most prestigious private domain of the French Riviera,” this waterfront property has its own heliport and private pontoon mooring as well as panoramic sea views.
New York on a Budget
7 East 76th Street - NEW YORK, NY, 10021
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Price: $50 Million Bedrooms: 9 Bathrooms: 5 Full, 4 Partial
No one is saying abandon the Big Apple, but why spend a quarter-of-a-billion when you can get an equally elegant home at one-fifth the cost? This neo-Renaissance-styled Clarence Whitman Mansion offers 14,000 square feet of luxury living, including a secret card room and a penthouse solarium and terrace just steps from Central Park.
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