Billionaire Sells Home at 65% Discount: A Sign of Trouble for Ultra Luxury Real Estate?

Reported 2 months ago

Scott McNealy, co-founder of Sun Microsystems, sold his Palo Alto mansion for $35 million—a stunning 65% less than its 2018 asking price of $96.8 million. Despite some substantial price drops in the ultra luxury market, a report indicates continued demand for high-end properties, particularly in Southern Europe, hinting at complexities within the high-end real estate sector.

Source: YAHOO

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