High End Real Estate Breaks Sales Records

New York apartments, owned by late heiress Huguette Clark, sell for approximately $55 million

Three apartments in Manhattan owned by the estate of reclusive copper heiress, Huguette Clark, are under contract for roughly $55 million. There are numerous buyers for the properties.

Located in a building on Fifth Avenue, right, each apartment spans approximately 5,000 square feet and has anywhere from 10 to 14 rooms. The largest property is on the 12th floor and overlooks Central Park. The residence went into contract for about $24 million, its asking price. The other two apartments are in contract for roughly $19 million and $12 million respectively, also their asking prices.

Clark, the daughter of copper baron and U.S. Senator William Andrews Clark, initially moved into the 12th floor apartment in the 1920s with her mother. It was her primary residence for years, although she spent the last 20 years at a New York hospital before dying in May 2011 at age 104.

The late heiress’ estate also lists a 52-acre property in Connecticut for $17 million

A little over a month ago, Le Beau Château, a 52-acre property in New Canaan, CT, which Ms. Clark purchased in 1952, was reduced from $19.8 million to $17 million. The house has seven bathrooms and nine bedrooms. It features 13-foot-tall ceilings, 11 fireplaces, herringbone floors and all-original, marble windowsills. The master suite overlooks a waterfall and includes an artist’s studio, a sitting room and a balcony.

San Francisco mansion sells for $27 Million

Michael and Roxanne Klein purchased the San Francisco home, owned by Ron Zeff the founder of real estate investment company Carmel Partners, for $27 million. The 16,580-square-foot home was initially listed for $32 million.

A Silicon Valley entrepreneur, Klein is now chief executive of Modulus Guitars, a company that Bob Weir from the Grateful Dead helped found. Klein’s wife is a well-known raw-food chef.

Zeff bought the neoclassical-style home in 1998, according to public records. After purchasing it, he spent the next several years completely restoring and redesigning the property. The home, originally built in 1910, has six bedrooms and features an indoor basketball court, an elevator, a one-bedroom au pair suite, a wine cellar and terraces on the top level with views of the Golden Gate Bridge and San Francisco Bay.

Ranch lists for $49.5 million

A 610-acre ranch in Basalt, CO, approximately 40 minutes from Aspen, has hit the market asking $49.5 million.

Owned by Tom and Molly Bedell, the property known as Peace Ranch encompasses five residences with a total of 16 bedrooms and has a hot tub and pool. The ranch also has a year-round horse facility with indoor and outdoor riding arenas, horse stalls, irrigated hay fields and horse trails that run throughout the property. The indoor riding arena has functioned as a dining and concert venue for charity events and hosts up to 1,200 guests.

In 2007, Bedell and his investors sold the fishing-tackle company that he ran for decades for approximately $400 million. The couple plans to spend more time in Nashville, TN, where they recently opened a branch of their store, Two Old Hippies, which sells guitars, memorabilia and clothing.

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