$238 million—the price of the most expensive U.S. home ever sold—could be used to purchase over 1,000 affordable houses, Redfin reports.
The record-breaking sale was made by the founder of a global investment firm in January of 2019. The home fills 24,000 square feet–the average New York City apartment in contrast, has just under 900 square feet.
Dividing the $238 million spent on that one penthouse by $216,388, yields roughly 1,111 affordable homes.
To put that into context, that number is nearly equivalent to the total current inventory of affordable homes for sale in Deltona, FL, which counts 1,115 homes priced at or below $216,388. That represents just about 30 percent of all homes currently on the market in Deltona.
PB Topical Ref
