AMERICA'S MOST EXPENSIVE HOME ON MARKET FOR $135 Million

Trump "trumped" by Saudi Prince's Aspen-area Compound

The most expensive single-family home listed in America has just gone on the market for $135 million, taking the “most expensive listing in America” title away from Donald Trump’s oceanfront estate in Palm Beach (FL), which carries a $125 million price tag. The newly listed Aspen (CO) home is owned by Saudi Prince Bandar bin Sultan bin Abdul Aziz, who is selling the estate to pursue his new responsibilities as chairman of his nation’s new national Security Council.

"By comparison," said Allyson Hoffman, a real estate professional with RE/MAX North and member of The Institute for Luxury Home Marketing, "the most expensive property in the entire Chicago metro area, a property located in the northern lakefront suburb of Lake Bluff, is currently on the market for only $25,000,000." That lakefront estate is on 21.2 acres and features 24 rooms, eleven bedrooms, nine full baths and two half baths. It has a six-car garage, a coach house with two apartements, a clay tennis court, an in-ground heated pool and formal gardens.

According to Laurie Moore-Moore, founder and President of The Institute for Luxury Home Marketing, “The current world record for the most expensive residence was set in 2004 when a London home sold for $128 million. While Prince Bandar’s property may break that record, don’t look for it to happen quickly. Despite the increase of personal wealth worldwide, there are few buyers internationally who are in a position to purchase a property of this magnitude.” According to Moore-Moore, this is a trophy house and its appeal will not only be its size and the unique features it offers, but the opportunity for the buyer to own the world’s most expensive residence.

Built in the late 1980’s, Starwood Ranch sits on 95 acres of land in Aspen. The 56,000 square foot home has more than 30 rooms, an indoor pool, trails, a snowmelt driveway, employee living quarters and stables. The main home has 16 bathrooms and 15 bedrooms and is larger than the White House.

Moore-Moore is considered an expert when it comes to the marketing of luxury homes. She has trained over 10,000 real estate agents worldwide in luxury home marketing and her 5000-member organization, The Institute for Luxury Home Marketing, teaches agents how to better serve buyers and sellers of upscale properties and how to use creative marketing to list and sell luxury residences.

About The Institute of Luxury Home Marketing

The Institute was founded in 2003 and has about 5000 members. Those members who have completed special training designed to build expertise in the marketing of upper-tier properties and have met performance standards may earn the prestigious Certified Luxury Home Marketing Specialist designation. Associates who also demonstrate competence in the million dollar and above property arena are recognized with membership in The Institute’s Million Dollar Guild. The Institute is based in Dallas and has an International membership base. Real Estate professionals who are interested in training and membership will find information at www.LuxuryHomeMarketing.com or may phone 214-485-3000.