2025 Global Luxury Real Estate Forecast

02. 10721 STRADELLA COURT, LOS ANGELES, CALIFORNIA Sold Price: $90,000,000

Sold By: Aaron Kirman, Kirby Gillon and Bryce Lowe, Christie’s International Real Estate Southern California

In September, in an off-market transaction, an anonymous buyer paid $90 million for this contemporary 20,000-square-foot estate in Bel Air. The kicker: the buyer purchased the property using Bitcoin, which skyrocketed in the 4th quarter of 2024. This means that if the seller is still holding the Bitcoin today, it would be worth at least 50% more than at the time of the sale. According to Aaron Kirman, the listing agent and founder and CEO of Christie’s International Real Estate Southern California, more luxury homebuyers, particularly from the tech-forward Gen-Z and Millennial cohorts, are using cryptocurrency to purchase trophy real estate. Given the growing popularity of the practice – and the price points involved – Kirman has established a special group within his brokerage to handle these complex transactions. He estimates that Christie’s International Real Estate Southern California brokered $150 million worth of real estate involving crypto in 2024.

03. 1041 LAKESHORE BOULEVARD, LAKE TAHOE, NEVADA Sold Price: $62,000,000 Sold By: Christine Perry, Christie’s International Real Estate Sereno The sale of this lakefront estate originally built for casino mogul Steve Wynn set the record as the most expensive home ever sold in Lake Tahoe. Known as Old Forge, the property has 210 feet of sandy private beach, a deep-water pier and boat hoist. The region’s luxury home prices have stabilized since the pandemic boom many vacation markets experienced, but high- net worth buyers are still drawn to tax-friendly Nevada.

04. LES JARDINS D’EAU, MARETERRA, MONACO Sold Price: Approx. $37,000,000 Sold By: Miells Christie’s International Real Estate Listed By: Development Sponsor This waterfront apartment is located in Monaco’s new Mareterra district, a multi-billion-dollar development that was designed as a man-made extension of the existing coastline from the Grimaldi Forum to the Formula One Grand Prix tunnel. Most of the units at Mareterra have already been put under contract, with buyers jumping at the opportunity to purchase new construction in a favored tax shelter with extremely limited housing supply.

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