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The Era of the $100 Million House

…Once the daydream of fantasy-prone sellers, the $100 million house is becoming, well, not commonplace maybe, but not so rare. “I’m at the point where I’m calling this a new category of housing,” says Jonathan Miller, chief executive of New York real estate appraisal firm Miller Samuel Inc. “It is something that’s come of age in the past two years in response to global economic turmoil, where wealthy individuals are looking for ways to invest, and ultra-high-end real estate seems to be the asset of choice.”…

…“Homes of the trophy market aren’t simply defined by their price; they are unique properties that attract global interest,” adds Miller….

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