How Much Can You Buy for$1 Million and Change?
What a difference a few years can make.
What a difference a few years can make. There was a time not long ago when a million bucks looked like the entry ticket to the American Dream, especially in overheated housing markets in major metropolitan areas. No more. These days, a million dollars once again buys a lot of luxury in a depressed housing market. We looked to our Best Cities for 2008 to showcase exclusive homes around the country in this high-end price category. Check out what we found.
The slide show begins with the navigation to the right.
By Cindy Schwalb & Amy Pollak
Raleigh, North Carolina
Asking Price: $944,500 Square Feet: 4,265 Bedrooms: 3 Bathrooms: 3.5 Located on a quarter acre of land, with a three-car garage, this new home has plenty of space. Luxury features include a chef's kitchen, high ceilings, two-sided fireplace and a wetbar.
Asking Price: $950,000 Square Feet: 2,531 Bedrooms: 4 Bathrooms: 2 Built in the 1920s, this was the first house built on the block and has had only two owners since. With an updated kitchen featuring a Viking range, covered patio, two staircases and hardwood floors throughout, this home has modern amenities, old-fashioned touches, and a price tag just under the million-dollar mark.
Asking Price: $995,000 Square Feet: 4,226 Bedrooms: 4 Bathrooms: 4.5 This home on a cul-de-sac in Barton Creek Resort is about ten miles from downtown Austin. Features include a gourmet kitchen, balcony fireplaces and ample covered outdoor living space, with a separate outdoor kitchen.
Des Moines, Iowa
Asking Price: $998,500 Square Feet: 3,382 (not including finished walkout level) Bedrooms: 4 Bathrooms: 3.5 Located in Owl's Head, one of Des Moines' historic districts, this home was custom built with a Victorian influence -- in 2006. Details include custom iron work and hand-crafted wood working. An additional 1,300 square feet is added in a finished lower level walkout.
Asking Price: $1,075,000 Square Feet: 4,080 Bedrooms: 4 Bathrooms: 3.5 Located less than three miles from downtown Houston, this new Georgian revival home has New Orleans style. A luxury kitchen with Thermador appliances, a wine room and a walk-in pantry are featured amenities. A garage apartment and bricked courtyard also make this home stand out.
Asking Price: $1,150,000 Square Feet: 4,204 Bedrooms: 4 Bathrooms: 5
To the west of Provo, following the Wasatch Moutain Range, there's Springville, an exclusive bedroom community with homes like this secluded chalet on the back nine of Hobble Creek Golf Course. Designed to maximize both indoor space and outdoor views, the great room has a 26-foot vaulted ceiling set with an equally dramatic timber mantel. There's a hot tub on the master suite's private deck.
Asking Price: $1,295,000 Square Feet: 6,552 Bedrooms: 4 Bathrooms: 5
Many extras add to the price of this home -- a circular driveway, grand foyer, nine-foot ceilings, plus granite, limestone and marble embellishments throughout. Then there's an exercise room and three fireplaces. Finer details? How about heated floors in the master bedroom, a power humidifier, exercise room, a hearth room, and a professional chef's kitchen.
Colorado Springs, Colorado
Asking Price: $1,699,000 Square Feet: 7,700 Bedrooms: 5 Bathrooms: 7 This distinctive mountain estate turns every day into a vacation--well, almost. There's a Hawaiian-themed media room and an Italian bar with a built-in espresso machine for more entertaining. For a spa retreat, look no further than the master suite, where you'll find a unique teak soaking tub that has a nine-foot waterfall. Great views of Pike's Peak, too.
Asking Price: $1,850,000 Square Feet: 5,500 Bed Rooms: 4 Bathrooms: 5
This lakefront property in nearby Eagle sports a secluded, private setting. Inside there is a chef's kitchen and architectural details, such as interior columns, tray ceiling and hand-hewn beams.
Asking Price: $2,690,000 Square Feet: 7,506 Bedrooms: 5 Bathrooms: 4.5
Yes, the price is far beyond the budgets of most Americans. But is this a gated mansion in Arkansas, or a country estate in Europe? Along with high-end interior decor from marble floors to a designer kitchen, the media room includes five TVs and a wetbar. The grounds include a pool, spa, fountains and a guest house.