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While this increase is good news for current homeowners, these prices are out of reach for manyaverage Americans.
The story is a bit different for the billionaire bunch.
Mansions that billionaires like Bill Gates and Jeff Bezos own are pure luxury symbols.
With cutting-edge technology and distinct architectural designs, these homes come withstaggering price tags.
Most of it is farmland and investment-related, but he also owns 245 acres for personal use.
Gatess yearly property tax bill alone for this estate is $1.3 million!
Gates also owns five properties in California.
He bought three homes in Miamis Indian Creek neighborhood, often called the Billionaire Bunker.
This gated community was artificially created on an island in Miami-Dade County.
In 2024, he added another property in the neighborhood for $90 million.
Musk previously lived in a tiny prefabricated home, which he now uses as a guesthouse.
Warren Buffetts Modest Residence
Warren Buffett proves that billionaires dont always live extravagantly.
Buffett states that he couldnt imagine having a better house despite being worth over $146 billion.
It features five bedrooms, a saltwater pool and a banquet-size dining room.
Two years later, they acquired a 700-acre estate in Kauai, Hawaii, for $100 million.
The property includes an organic farm and 2,500 feet of ocean frontage.
In 2021, they continued to expand by purchasing an adjacent 595.4 acres for $53 million.
Since living in the Bay Area, the couple has spent years vacationing in Lake Tahoe.
Ellisons other notable properties include multiple estates in San Francisco, Malibu and Newport, Rhode Island.
In 2018, he bought Hollywood producer Joel Silvers home for $38 million.
A year later, he dropped a record-setting $173 million for another Florida property.
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