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What you get for a million bucks
A look at how much house a million dollars still buys around the nation.
May 11, 2005: 4:15 PM EDT
By Les Christie, CNN/Money staff writer
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NEW YORK (CNN/Money) - Home prices are still climbing all across the country.

In particularly hot markets, such as the New York, Boston, San Francisco, Phoenix, and Los Angeles metropolitan areas, property prices soared at least 12 percent for the twelve months ending September 30 2004, according to a report from PMI Mortgage Insurance.

In Las Vegas, home prices jumped nearly 35 percent. Even areas such as metropolitan Pittsburgh, Buffalo and Detroit saw prices appreciate 4 percent or more.

One day, it seems, everybody will be paying a million dollars or more for a house.

For now, though, a seven-figure home is still beyond the means of most Americans. Buyers who can afford to spend that much can expect a house to come with a variety of luxury features, including large rooms, roomy closets, high-end bath and kitchen fixtures, and custom details such as stone fireplaces, built-in cabinets, and home gyms.

In a sampling of million-dollar homes, provided by various real estate affiliates of Cendant Corporation, many also come with ample outdoor space and exterior elements like swimming pools to facilitate backyard enjoyment. Interiors feature special features like a home theater or a wine cellar.

They're often located in communities that offer much-in-demand amenities like excellent schools, numerous recreational facilities, access to cultural events and good, nearby shopping.


To see what $10 million buys, click here.

To see some properties that give a lot of bang for not much buck, click here.  Top of page

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