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U.S. vacation home sales increased over 57 percent in 2014

This month's important, interesting and unusual news at Top 10 Real Estate News Headlines.

“Vacation Home Sales Surge To Record Levels”
Sales of U.S. vacation homes soared to about 1.13 million in 2014, an increase of over 57 percent from 2013's total of 717,000 homes. Vacation home sales represented 21 percent of all home sales in 2014, even outperforming 2006 levels during the condo boom.

“The $175 Million New York Condo”
The first New York City condominium to sell for $100 million happened in December when the penthouse unit at One57 sold for $100.5 million. Already a handful of even more New York expensive apartments are in the planning stage - asking as much as $175 million.

“Key West Submarine Pits For Sale”
A 122-acre dredged area near Key West, Florida where the U.S. Navy housed its submarine fleet during the Cuban Missile Crisis is for sale at $21.2 million. The Navy also planned to build officer homes on the adjacent land but later scrapped those plans.

“Former New York Playboy Club Sells $85 Million”
The Manhattan building where the New York Playboy Club did business from the 1960s to 80s has sold for $85 million. The first club opened in Chicago in 1960 and the last U.S. club in Las Vegas closed in 2012. There are still Playboy Clubs in Cancun, Macao and London.

“America's Most Expensive Street”
The most expensive street in the United States is Indian Creek Island Road on Biscayne Bay in Miami Beach with median home values at $21.48 million. The street is on Indian Creek Island where big-time business leaders and celebrities such as Carl Icahn and Julio Iglesias live. The nearby Miami Beach luxury condos range from $5 to $50 million.

“Connecticut Ghost Town For Sale”
An 1830's Connecticut mill town that was resurrected in the 1960s as a tourist attraction is for sale at $2.4 million. Included in the deal are a general store, restaurant, covered bridge and 25 acres of land. The town has been abandoned since 1994.

“South Florida Condos Go Extreme Upscale”
Miami Beach condo developers are competing for the wealthiest buyers from Asia, South America, Europe and North America by offering their buyers more luxury and amenities. Massage rooms, on-call butlers, million-dollar art works, robot car parking, bowling and even a rooftop soccer field are just a few of the extras that developers are including with their multi-million dollar condos. Maintenance fees can exceed $8,000 per month.

“Bacall's Dakota Price Drops $2 Million”
Lauren Bacall died at age 89 in her home at New York's famed, The Dakota, where she lived for 53 years. Her nine-room, three-bedroom, four-bath apartment with almost 100 feet facing Central Park went on the market in November at $26 million. The price has just been reduced to $23.5 million.

“Where the Rich People Live”
New York City is the #4 city for ultra-wealthy residents with 3,008 people, trailing London at #1 with 4,634 very rich residents followed by Tokyo at 3,575 and Singapore with 3,227.

“Nixon's Western White House For Sale”
The San Clemente oceanfront home that President Richard Nixon bought in 1969 for $450,000 is for sale at $75 million. Nixon spent much of his presidency and Watergate investigation days at the Spanish hacienda-style home retiring there after he resigned in 1974. Nixon sold the home in 1980.

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Terry Walsh
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