Even the usually staid National Association of Realtors® can’t resist a bit of celebrity gossip now and then. At least that would be most Costa Mesa readers’ conclusion upon discovery that the NAR website has at least four articles dedicated to speculation about Amazon’s founder, Jeff Bezos. Given the wealth of interesting tidbits about his widespread real estate holdings, it’s hard not to share their fascination.
Amazon’s founder is, after all, still the world’s wealthiest man. Last year, one article had articulated concern about that with their “How Many Homes Does Amazon’s Jeff Bezos Own—and Which Will He Keep After Divorce?” (Not to worry: following the amicable divorce, Bloomberg was able to report that he retained the #1 title).
The split had raised other questions at realtor.com: “What will happen to their many homes?” was one question, and “How much property do they have, anyway?” The answer was “a whole lot”—though not earth-shattering in terms of acreage. According to a Land Report 100 list of the most landed Americans, Jeff Bezos ranks as 25th—a distant also-ran behind the leader, John Malone (with 2.2 million acres).
Residences are another matter altogether. Realtor.com was able to report on various “buying sprees.” Among many others, they include the 12,000 foot Beverly Hills mansion and the biggest house in Washington, DC, whose architect had also designed the Jefferson Memorial. The place had originally been marketed as “perfect for a school or embassy…”
But the most speculative article appeared in May 2018. Economic data analyst Nicolas Bedo answered the question that few Costa Mesa residents have probably thought to ask: “What does $112 billion get you these days?” The answer was presented as a summary of all of the homes for sale in cities that Bezos was considering for Amazon’s new second headquarters.
In the list of 20 target areas, he could have bought every piece of property in more than half of them combined. That included the Columbus, Ohio market ($1.9 billion worth), the Austin-Round Rock, Texas market, and 18 others, including Los Angeles, Chicago, Boston, and New York City. New York had 16,761 listings averaging $2,207,533 each (that totals $37 billion).
Actually, the most costly area turned out to be Miami-Fort Lauderdale-West Palm Beach, which listed $46.3 billion worth of properties. The author muses that Amazon’s chief could have purchased them all, lock, stock, and barrel, 2.4 times over.
That projection is probably best left as a brow-wrinkling abstraction. A more earthbound reality is that actual homebuyers make their real-life Costa Mesa residential acquisitions one property at a time. When that’s in prospect, we hope you’ll call!
We are built on a philosophy of Heritage & Hustle. The L3 is a full service real estate agency with a regional office located in the heart of #CostaMesa, offering a wide-array of custom services to meet their clients’ needs with roots in the community since 1976. It’s L3 mission is to provide trusted, convenient, responsive service to ensure clients enjoy their real estate experience. The L3 was originally formed to offer personal, concierge-level service as an alternative to the large, nationally based real estate companies. From its small beginnings of only two employees, The L3 has grown to a full staff of 25 serving over 300 clients a year. The L3 is not limited to serving just its clients; it is also committed to serving the community. Not only has The L3 donated hundreds of hours to many area charities, they have also received the prestige of being named one of the #toprealestatecompaniesinCostaMesa If you’re interested in #buyingorsellinginOrangeCounty, turn to the experts. Turn to The L3 and let them help you make your real estate buying or selling dreams come true. For more information or to get started on finding or selling your home contact The L3 today at 714-444-4663 or email us at email@example.com