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Five Homes You Can Buy for $5 Million

Five million dollars may seem like an outrageous amount of money to spend on a home in a city like Huntsville, AL, the most affordable place in the nation in which to buy, according to U.S. News and World Report—and one in which an average of just 22.56 percent of income is spent on living expenses on a median household income of just under $53,000.

Compare that to the growing collection of $100 million+ listings on, and $5 million looks like a relative bargain. For that amount of money, you can pick your spot. Want to start your own California winery? Purchase a suburban manse that gives you the kind of space and privacy you’ll never find in NYC but still be within a whisper of the city? Perhaps an overseas oasis is your dream. We’ve got those covered, and a few more, in our look at $5 million homes for sale.

3700 Purchase Street
Purchase, NY

6 Bedrooms
5.5 Baths
5,950 Square feet

The New York Times calls Purchase a “hamlet in the town of Harrison with about 5,400 residents…a sanctum for power brokers and celebrities.” But the upscale enclave that lies just 27 miles northeast of Manhattan in suburban Westchester County is a haven for all, and this home in the much-desired Estates section exemplifies what buyers love about Purchase.

Reached by a long private drive, the home is surrounded by two and one-half acres of verdant, park-like grounds. The modern residence sits beautifully on this parcel of land, providing a unique juxtaposition between the white and glass exterior and the wide green lawn and leafy trees. Inside, clean lines and wide-open spaces are oriented so as to bring in the pastoral views; this is especially pronounced in the two-story living room’s walls of glass. The custom-designed staircase sets the spectacular tone for the home, which is continued in the kitchen with its leathered quartz waterfall island, and the decorator-perfect master suite and bath with a large soaking tub boasting a private view of the greenery.

Additional interior appointments include a home gym and an entertainer’s backyard with pool, while upscale details and materials span matte lacquer Italian custom closets, imported Fantini faucets, Italian mosaic and marble tiles, and six-inch plank white oak flooring.

Listed by Debra Strati-Padawer
Coldwell Banker Rye/Harrison

5531 Ursula Lane
Dallas, TX

5 Bedrooms
6 Baths with 2.5 partials
7,980 Square feet

Modern. Magnificent. And a definite must-have for the discerning Dallas luxury buyer.

On an oversized corner lot in the prime Lobello Estates neighborhood, this expansive single-story residence casts a sophisticated shadow from first approach. Swing open the double front doors and it gets even better, with an unencumbered view straight through the entry, with its 13-foot Serip of Portugal chandelier and Amethyst Antolini slab bar, into an elegant formal living room and right out into the ample rear yard through sliding glass doors. Indoor-outdoor living is a hallmark of this property; the large family room and the gourmet, dual-island kitchen and breakfast nook also offer immediate access to the yard, the latter transitioning directly into the outdoor kitchen with fireplace.

The large yard also includes plenty of gathering space for outdoor dining and lounging and a large lawn, as well as a resort pool and spacious covered outdoor living area. Back indoors, the home is peppered with upscale amenities, such as his-and-her master baths, Quartzite stone slabs in the kitchen and bathrooms, a crushed granite wall covering in the powder bath, and felt-lined drawers and shelves.

Listed by Kyle Rovinsky
Coldwell Banker Plano

1443 S Whitehall Ln
Saint Helena, CA

1 Bedroom
1.5 Baths
1,524 square feet

We’d call this charming, cedar-clad William Turnbull home a pied-à-terre, except that you’re unlikely to want to keep it only for occasional use. The one-bedroom rustic chic home features a well-amenitized island kitchen, a paneled bedroom suite with rock-wall spa bath, ample storage, and a large deck from which to survey the land. A separate studio, connected by a footpath, is the ideal place to create or simply enjoy the surroundings, even if its location also makes spontaneous dips in the pool a daily temptation. Sheltered by tall trees for privacy, the structures are positioned on a slight rise, which provides outstanding views of the sunset as well as the 8.3 acres, which include more than two acres of premium Cabernet vineyards.

Listed by Cyd Greer
Coldwell Banker Brokers of the Valley

6005 Martins Point Road
Kitty Hawk, NC

6 bedrooms
8 baths with 1.5 partials
14,059 square feet

It’s the epitome of the classic beach estate, taken up a notch or two on the elegance scale. Built in 1989, but completely reimagined and remodeled down to the studs in a three-year period culminating in 2016, this Martins Point estate offers exquisite living throughout every inch of its 14,059 square feet.

Spread out over almost four acres of gated, waterfront land on Jean Guite Creek, the home delights with vistas from nearly every room. The wide-open floorplan provides optimal flow between the grand living room, formal dining room, and gourmet island kitchen, which boasts two Subzero refrigerators; a Wolf range, double wall ovens, and microwave; two Bosch dishwashers; a commercial Hoshizaki ice maker; and custom cabinets. Windows all around the luxe first-floor master suite make you feel like you’re floating, while the marble gas fireplace, private study, his-and-her bathrooms, and a duo of walk-in closets outfits the space for royalty.

This home was planned for exceptional daily use and unlimited entertainment potential, with additional amenities including: an indoor pool with lounge area and wet bar with Subzero refrigerator and KitchenAid dishwasher; a home theater; a game room; an indoor basketball/racquetball court with observation deck; covered outdoor living space; a salt-water concrete pool; a dock and boat lift, and two jet-ski lifts.

Listed by Brad Beacham and Cameron Griggs
Coldwell Banker Seaside Realty

Escazu, San Jose
Costa Rica

4 Bedrooms
5.75 Baths
11,840 Square Feet

If you haven’t yet been to Costa Rica, it should definitely be on your list. If you’ve had the pleasure, you’re likely dying to go back, which makes this gorgeous estate overlooking San José’s central valley even more seductive. Situated about five miles west of downtown San José in an upscale suburban area that’s home to the U.S. ambassador to Costa Rica, this private estate home is a peaceful haven that maintains great convenience for sightseeing and modern living.

You may find it challenging to leave, however, with nearly 12,000 square feet of elegance and a floorplan that is ideal no matter how long the stay. The chef’s kitchen boasts professional appliances and a large island, with a huge picture window looking out onto the tropical landscaping. City and sunset views are found throughout, with a wall of windows spanning a dining nook and living room and multiple wrought iron terraces for a closer look at the lush grounds and sparkling city lights.

Outdoors, owners and guests can enjoy multiple covered patios, a sparkling infinity pool, and mature tropical landscaping. The home also features a massage room and a lower level with a large family, wine cellar, and a guest suite.

Listed by Daveed Hollander
Coldwell Banker Vesta Group Dominical

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Five Homes You Can Buy for $5 Million

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