American Luxury Staff June 15, 2023
Lifestyle
In the last two years of the last decade, Edmonton Oilers owner Daryl Katz closed on two larger-than-life Los Angeles-area properties. This summer, Katz went shopping on the ‘other’ coast, and emerged with the keys to a 54th-floor condo.
The property Katz added to his portfolio is a residence located in a Manhattan high-rise condo: Robert A.M. Stern’s 2015 work in limestone, 220 Central Park South. The unit changed hands for $36 million in an off-market deal, according to The New York Post. Not quite the $238 million Ken Griffin paid for three floors’ worth of 220 CPS, but it tickled the real estate Richter anyway.
Katz’s West Coast property antics include forking over $120 million for a fully furnished Malibu contemporary with a sprawling footprint and, in the process, setting a record in 2018. In 2019, Spelling Manor, for which Katz paid Petra Ecclestone a shadow under $120 million; the absurdly large mansion — it has 120 rooms, plenty of space to hide in when ducking ennui — had asked as much as $200 million during its four years on and off the market.
Katz’s net worth is around $4.4 billion, according to Forbes.
Stay up to date on the latest real estate trends.
Buyer
March 13, 2025
Buying your first home is exciting, but let’s be real – it can also feel overwhelming.
Lifestyle
March 13, 2025
As much as our stories are about ourselves, they are also a window into our ancestral past.
Buyer
March 13, 2025
At one point or another, you’ve probably heard someone say, “Yesterday was the best time to buy a home, but the next best time is today.”
Lifestyle
March 12, 2025
It is not uncommon to go on a vacation and wonder, “Why am I not living here?” While the U.S. only ranks 23rd on the World Happiness Report, there are pockets of happi… Read more
Seller
March 12, 2025
A new data report from Redfin (NASDAQ: RDFN) has reached the conclusion that the wealthiest 1% of Americans have the financial capacity to buy 99% of the nation’s home… Read more
Seller
March 12, 2025
Over the past 5 years, home prices have risen dramatically.
We Guide Homeowners through the complicated process of selling their home using our 4 Phase Selling Process and 3 Prong Marketing Strategy that alleviates their stress and moves them effortlessly to their next destination. Schedule a 15 Minute Complimentary Strategy Session Today