Over 1 Billion Sold
Im a hard money lender, so have seen this many times.
The Broker or Sales person told me:Young men; if you have to ask how much it costs, don't buy it, it's too expensive for you!
I never will forget that and this is the truth!
The same thing about the pricing of a very exclusive Penthouse or Condo in Beverly Hills, it is Location,Location,Location and presentation!
Why do some Restaurants charge for a Prime-Rib, $ 45.00, well they catering to a completly different group of Customers and they want to be exclusive in any way.
That's a good question and I would have to really put on my detective cap to find out why. I don't see that it was even listed recently so it could be that another party was added on title for some consideration but I don't think that it's possible that it sold for that price unless the lienholders were paid off which means the sale price should be higher. This is a strange one.