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Mystery Buyer of New York’s Priciest Home, Revealed

Dell Technologies founder Michael Dell quietly paid $100.47 million for a penthouse at Manhattan’s One57, setting a record for the city.


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WSJ Real Estate

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MANSION Michael Dell Paid a Record $100.47 Million for Manhattan’s One57 Penthouse

Roberto Machado Noa/Getty Images

Dell Technologies founder and CEO Michael Dell was the buyer behind the $100.47 million purchase of a penthouse on Manhattan’s Billionaire’s Row, according to two people familiar with the deal. The transaction, which closed in 2014, holds the record for the most expensive home ever sold in New York City.

Risky Business: When Parents Hire Their Children as Real-Estate Agents

Moris Moreno for The Wall Street Journal

When selling a home, it can seem like a no-brainer to choose a real-estate agent who also happens to be the owner’s child. By hiring their child to market a pricey home, parents can boost their child’s career and provide financial help in the form of a hefty commission. But agents caution that selling a parent’s home requires navigating a minefield of emotional attachments and family dynamics.

The Preferred Cottage for British Royals

The Grantley Group

It is private, picturesque and petite. And Nottingham Cottage, where Prince Harry and Meghan Markle are spending the run-up to their May wedding, is also a perfect example of an unlikely genre of prime British property. Estate cottages have become highly sought-after pieds-à-terre and country homes.

Under Armour CEO’s $29.5 Million Home Is Priciest in Washington, D.C.

Homevisit

Kevin Plank, CEO of sportswear company Under Armour whose corporate focus has come under criticism, is listing his Washington, D.C., home for $29.5 million. The Georgetown house is the most expensive home currently on the market in Washington, according to the listing agent.

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HOUSE OF THE DAY A Texas Ranch Hits the Auction Block

Concierge Auctions

This ranch comes with a boat house, two stocked ponds and a yoga studio; miniature donkeys and fainting goats not included.

GREATER NEW YORK REAL ESTATE Amenities War Breaks Out in Long Island City Rentals

John Taggart for The Wall Street Journal

Long Island City, the once-run-down industrial area, is in the midst of a transformation into a residential destination. The problem for developers—and the opportunity for renters—is that supply, especially for luxury rentals, is beginning to outpace demand.

DESIGN How Design Pros Brought Order to a Home Filled With 60 Years of ‘Stuff’

Read McKendree

When designers Catherine Casteel Olasky and Maximilian P. Sinsteden first saw this home on the Channel Island of Guernsey, it was filled with 60 years of eclectic, albeit fine, possessions. The New York design team, then based in London, culled the best of the possessions and set out to create a look that was both cohesive and worldly.

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