If you’ve seen Million Dollar Listing, you know places like New York and Los Angeles, which attract wealthy people from all over the world, have plenty of high-rolling inventory. The Bay Area is now the most expensive place to live in the US on average. Compared to some other cities, Philadelphia’s cost of living can seem quite manageable. But that doesn’t mean there aren’t homes worth a lot of dinero. Here are the top five most expensive houses in Philadelphia as of February, 2016:
1910 Rittenhouse Square – $6,950,000
This five bedroom, 3 full and 3 half bath row house has over 5,000 square feet of living space. It’s one of only two row homes on Rittenhouse Square, and features a two car garage. Scarcity (like being one of only TWO row homes on a highly desirable, well-located park) is one factor when it comes to high-priced homes.
1414 S. Penn Square – $6,850,000
This home features another high-end aspect – customization. Rather than working with a home builder that has a pre-set layout or design and just choosing finishes like countertops, this 47th floor penthouse at the Ritz Carlton is a completely open 5,000 that can be turned into any style or type of space that fits your needs.
237-47 S. 18th Street #5BC – $6,750,000
This Rittenhouse Square condominium features luxuries like a Joanne Hudson kitchen and four full bedroom suites, all in 5000 square feet.
1706 Rittenhouse Square #701 – $6,400,000
Sensing a pattern? This condo is also in Rittenhouse Square, one of the more desirable and expensive neighborhoods in Philadelphia. You get direct elevator access to your 3 bedroom, 4,000 square foot condo, and use of the chauffeur-driven Mercedes town car if you don’t want to move your own cars from your two dedicated parking spaces.
613 Pine Street – $5,775,000
What’s better than a historic house? Some would say a new construction house. But what if you could get an older-looking Georgian-style façade with a brand-new interior? Uniqueness is something you often find in luxury homes. This building was originally designed to house an art collection, but the over 6,000 square feet now houses 4 bedrooms, 3 full and 2 half baths, and a glass-enclosed solarium.
Pricey homes do often stay on the market longer on average than a house close to the median sales price for the area. Understandably, the buyer pool is smaller and expensive homes are usually more unique and have a very niche audience.
If you have any questions about finding a unique, luxury home in Philadelphia, please contact me. And remember: friends don’t let friends buy or sell homes without Agent Lady!
About Agent Lady: Cherise Wynne is a leading real estate agent in Philadelphia, helping home buyers and sellers navigate the City of Brotherly Love, with a special focus on first time home buyers. To chat about getting started with your first time home buying experience, click here.