Staten Island’s luxury home market has some nice figures to show for the 2005-2012 period. Two transactions coming close to $4 million signal that the area, and more specifically the upscale neighborhood Todt Hill, has real estate appeal for the wealthy.
In the boom year of 2007, the 7,582 sqft home on 29 High Point Rd. sold for $3.9 million. Once recession hit, we had to wait until 2011 for a similar transaction: $3.7 million for the 13,155 sqft mansion on 125 Benedict Rd.
It is true that nothing compares to the price tags on the most expensive homes in Manhattan or Brooklyn, but the fact that Staten Island luxury home prices have been staying, with few exceptions, in the $3 million range is proof that buyers are willing to pay for great views and exclusive locations no matter the economic situation.
Browse our slideshow of the most expensive homes in Staten Island to find out more information about each property:
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