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What $5 Million Buys in Five Cities

Tim Smith

Tim Smith’s name is synonymous with the coastal Orange County real estate market, where his well-established reputation and unmatched market knowled...

Tim Smith’s name is synonymous with the coastal Orange County real estate market, where his well-established reputation and unmatched market knowled...

Feb 8 6 minutes read

It’s little surprise that $5 million can buy you a nice chunk of real estate on one of the coasts. But what you can get for that amount of money in the rest of the country, not to mention around the world, might be eye-opening. It’s not just talking luxury—we’re talking lap of luxury.

In the upscale Phoenix suburb of Paradise Valley, the median list price is $2.5 million. Double that and you get a mountaintop setting with acreage to go with your magnificent manse. In the notoriously high-priced—and highly prized—Gold Coast in Waikiki, you can play choose your view with the Pacific and Diamond Head. In northern Wisconsin, your water view is the Caribbean disguised as a midwestern lakefront.

There’s also a jaw-dropping penthouse overlooking downtown Dubai, and we couldn’t miss out on the opportunity to showcase one of southern California’s prime spots, right on the Venice Canals.

222 S East Torch Lake Drive
Central Lake, MI

7 Bedrooms
8 Baths and 1 partial
11,058 Square feet

Where can you live on turquoise-blue waters without relocating to the tropics? Torch Lake’s clear, aqua water and large sandbars give it a unique resort-like feel, and this exceptional property is perfectly oriented to take advantage of its idyllic setting.

The prime waterway of Michigan’s Chain of Lakes, the 19-mile Torch Lake is equal parts serene refuge and recreational hotspot. Swim or snorkel in crystal-clear water. Or spend an afternoon canoeing, paddleboarding, boating, jet skiing, or fishing for trout or wide-mouth bass.

This magnificent estate offers nearly four acres tumbling down to the lakefront, including 300 feet of direct frontage. Inside, unmatched craftsmanship meets incredible space with a strong connection to the outdoors. The log-cabin-style details adorning the walls, the gourmet kitchen with huge island and picture window seat overlooking the grounds, the wall of windows in the owner’s suite, the light-filled library, and the numerous private outdoor spaces primed for sunset views are but a few of the notable details.

This property is listed for $5,500,000 by Joe Bommarito of Coldwell Banker Schmidt, Realtors.

8060 N Mummy Mountain Road
Paradise Valley, AZ

4 Bedrooms
4 Baths and 1 partial
7,750 Square feet

Why just view the mountain when you can be of the mountain? Chiseled into the north slope of the majestic Mummy Mountain, this gated property spans more than five acres of Paradise Valley landscape. Enjoy privacy and sweeping views with convenience to metro Phoenix.

Updated transitional interiors feature custom finishes and an abundance of windows to showcase the sights and the natural light. Outdoors, two separate barbecue areas, a negative-edge pool, a spa, and an extended covered patio with gas fireplace create a resort-like outdoor living experience.

This property is listed for $5,350,000 by Karen Bosch of Coldwell Banker Realty in Scottsdale.

3003 Kalakaua Avenue Unit 11B
Honolulu, HI

2 Bedrooms
2 Baths
2,255 Square feet

Miles of ocean blue interrupted only by pink and orange streams across the sky. The technicolor views don’t stop in this glorious Gold Coast condo. And from the two bedrooms, it’s Diamond Head you see, soaring right out your window.

The sightlines from this corner unit are made even more awe-inspiring when you slide open the glass doors on two sides, inviting surf breaks, sunsets, and a vast expanse of the verdant Kapiolani Park right into the main living area. Sandwiched between the ocean and Diamond Head and close to all the best of Waikiki, this property offers island living at its finest, without the maintenance.

This home also features a huge custom island as the centerpiece of the professional kitchen and a third bedroom that has been converted to a large, flexible workspace/den.

This property is listed for $5,300,000 by Tracy Allen of Coldwell Banker Pacific Properties. 

218 Carroll Canal
Venice, CA

4 Bedrooms
3 Baths and 1 partial
3,151 Square feet

The Venice Canals are a storied spot, originally created in 1905 to mimic their Italian counterpart. Opportunities to live along one of the canals in this historic district are rare—and owning a live-work canal-front property even more so.

This architectural property features a floorplan with great flexibility to conform to whatever you want, offering the potential for multiple office spaces or bedrooms. The first-level studio with kitchenette and full bath also has a private patio that opens directly onto the canal. There is another large patio overlooking the canals on the main living level, as well as one off the third-floor master suite. Head upstairs to the massive roof deck and enjoy the ocean and city views. This is also one of the few Venice canal homes that has a private pool.

This property is listed for $5,275,000 by Magnus Hellberg of Coldwell Banker Realty in Malibu.

IL Primo
Dubai, AE

4 Bedrooms
5 Baths

Located at the apex of the prestigious 77-story Il Primo residential tower, this dramatic penthouse is the epitome of Dubai’s glitz and glamour. The location in downtown Dubai’s Opera District puts you steps away from Burj Khalifa, the Dubai Mall, and other iconic spots. Enjoy them all from inside the beautifully appointed unit, where full-height windows take in the glittering lights and sights.

The expansive floorplan provides open flow throughout the living areas and plush, private sleeping quarters all adorned by luxurious appointments including sleek marble and rich woods. The tower also boasts an impressive array of resort amenities including an infinity pool, a state-of-the-art gym, a cigar lounge, a movie theatre, and a golf simulator.

This property is listed for $5,068,039 by Sherry Briet of Coldwell Banker Mega Homes Real Estate in Dubai.

Article posted with permission from Coldwell Banker Global Luxury

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