Mansion sells in one day for $51 million cold hard cash
A waterfront mansion has sold after one day on the market for more than $51 million but that is not even the most remarkable aspect of the lightening-fast transaction.
The buyer paid in cash.
The custom-built, seven-bedroom property in Miami took only 24 hours to transact, at a price of $US34.39 million ($AU51.3 million). The seller is a real estate agent himself – Douglas Elliman broker Oliver Lloyd and his wife, Laurie, the New York Post reported.
Cash buyers are not unheard of in Australia. They are reasonably common.
More than one in four properties on Australia’s east coast were bought with cash last year, PEXA’s 2023 Cash Purchases Report found.
Buyers paying with big wads of dosh included downsizers and investors.
The Lloyd family initially wanted closer to $US40 million for the property on Sunset Drive. However, an unidentified buyer with extremely deep pockets, and no need for a mega mortgage, swooped.
They built the magnificent Miami Beach property after acquiring the land with a knock-down job on it in 2021. They told the Post they were unsure at the time if they would live in it or sell it.
The vast, sun-lit floorplan includes a “great room”, two kitchens, a private jetty, main bedroom with two en suite baths, a gym with sauna and steam shower and a lift between floors.
A sapphire swimming pool is set in crisp landscaping with white edging and a vast, verdant lawn.
The estate takes in 100 metres of water frontage, in one of the US’s most exclusive property markets.
Water-view houses for sale right now in Australia
The penthouse with bay panoramas is walking distance to the local yacht club and relaxing sea baths.
For under $1 million price hopes, this property view aqua vistas in the Daintree Rainforest is nothing sort of well-priced heaven.
The open-plan nature of the home is perfect for framing the outlook over the vast ocean.
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