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Wed, 16 Jan 2013 16:00:00 GMT | By Morgan Brennan, Forbes.com
$100 million homes

In the stratosphere of real estate, logic breaks down.



Owlwood Estate, Beverly Hills, Calif.; Tranquility Estate, Zephyr Cove, Nev.; 15 Central Park West, 35S, New York City, N.Y. (© Joyce Rey; Chase International; AP)
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  • Owlwood Estate, Beverly Hills, Calif.; Tranquility Estate, Zephyr Cove, Nev.; 15 Central Park West, 35S, New York City, N.Y. (© Joyce Rey; Chase International; AP)
  • CitySpire Penthouse, New York City, N.Y. (© Prudential Douglas Elliman)
  • Casa Casuarina, Miami Beach, Florida (© AP)
  • 15 Central Park West, 35S, New York City, New York (© AP)
  • Fleur de Lys Mansion, Los Angeles, California (© realtor.com)
  • Ritz Carlton Penthouse, New York City, New York (© realtor.com)
  • Owlwood Estate, Beverly Hills, California (© Joyce Rey)
  • One57 Penthouses, New York City, New York (© PR Newswire)
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Joyce Rey; Chase International; APShow Thumbnails
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When it comes to selling real estate, price is everything. Whether a $5 million mansion or a $100,000 fixer-upper, asking prices are usually based on a mix of comparable property listings and sales, house and land size and the property’s condition.

But logic often breaks down with the highest-end trophy homes. By definition they are unique, sometimes one-of-a-kind places for which few (or sometimes no) comparables exist. Value becomes highly subjective. An uptick in trophy home demand has led to a surge in listings by owners who are not necessarily pressed to sell, but would do so for the right price. Click through for some amazing top-of-the-market homes.

* All funds in USD.

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