Record price paid for Riviera home

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August 11, 2008
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Record price paid for Riviera home

The UK’s TimesOnline published a story on Monday, August 11, 2008 about a Russian oligarch who paid a record $750 million (£392 million) for a villa on the French Riviera.

Villa Leopolda, a mansion once owned by King Leopold II of Belgium and Gianni Agnelli, the Fiat tycoon, is located on the French Riviera between Nice and Monaco.

The previous record price for a residential property was said to be £57 million, paid by Lakshmi Mittal, a steel tycoon, for a property in Kensington Palace Gardens in 2004.

Meanwhile, back in the real world, prices for College Station and Bryan real estate are much more affordable. The average and median sales prices, as reported by the Real Estate Center at Texas A&M University for the month of June 2008, are $168,100 and $144,400, respectively.

While we do have some properties that are much more expensive than our local average, overall prices for Bryan and College Station, Texas have remained reasonable throughout the previous years’ real estate boom, making this area one of the most affordable real estate markets in the nation! Our average prices have risen each year since 2002, but at a much more modest pace than other parts of the nation.

If you would like to take advantage of the incredibly affordable real estate and excellent quality of life in the Bryan and College Station, Texas area, please call Jason Johnston at 979-571-3553 or email [email protected].

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