If you could spend millions on your dream home, what would you buy?
A ski chalet in Aspen, Colo.? A house in Hawaii overlooking the beach? Or maybe a showplace with a view of the Las Vegas Strip?
Five million dollars buys a lot of luxury: Views of water or mountains. Spacious marble bathrooms. Multiple fireplaces. Boutique-size walk-in closets. It can also include some pretty cool toys. A home in this price range could have its own movie theater, fully outfitted gym, outdoor entertaining areas, wet bar, game room, basketball court and wine cellar.
Plus there’s always plenty of room for friends and family. Multimillion-dollar homes frequently come with multiple guest suites (with their own bathrooms). And some include guest apartments — with a separate kitchen and entrance.
Whether you dream of an old-fashioned getaway in a quiet New England coastal town or a European-style villa near the heart of a major city, you can definitely find it for $5 million.
Want to tour a few $5 million homes? Here are five homes now on the market for a cool $5 million each (give or take a few hundred thousand).
The Bankrate Daily
2 of 6
Price: $4.5 million
This 12-year-old townhouse is in Aspen Highlands Village, a ski resort community.
One big draw: Walk right out the front door to the lifts and spend a day on the slopes. “It’s literally within 50 steps of the chair lifts,” says Ben Roos, broker associate with Aspen Snowmass Sotheby’s International Realty.
The mountain-style home “is on multiple levels, but it flows really well,” Roos says. While the master suite “has terrific views out across the village,” the great room looks onto the lifts, he says.
The architects used large windows to make the most of the views, Roos says. The other “benefit is that you get great light,” he adds.
It also has a lot of the extras you might expect in a $5 million home. Every bedroom has its own bathroom, and the master bath has a steam shower and spa tub. The house has three stone fireplaces and also features hardwood floors, exposed trusses and recessed lighting throughout.
Then there are the toys: a game room with a wet bar and fireplace, a patio with a private hot tub, and an elevator.
The home is a short walk to shopping, galleries and restaurants in the village, says Roos. “It’s a neat spot.”
3 of 6
Price: $4.999 million
Looking for a little taste of Europe in Big D?
This house, designed to look like a French country home, sits on just more than eight-tenths of an acre north of downtown Dallas. Built in 2003, it has wide-plank oak floors, 11-foot ceilings and six fireplaces, says Mary Poss, sales associate with Ebby Halliday Realtors.
Even with six bedrooms, six bathrooms, two powder rooms and more than 10,000 square feet, “it’s very warm and comfortable,” she says. “The layout is terrific.”
The castle-size kitchen has wood-beam ceilings, stone floors and granite counters with an oversized range and two side-by-side ovens.
The master suite has a glassed-in sitting area and an adjoining room for a library or nursery, she says. The master bathroom, which has a steam shower and marble tub, features a stained-glass window.
The home is also built for fun. It has two game rooms, a movie theater and a butler’s pantry with a full wet bar, Poss says. A covered terrace overlooks a backyard with gardens, plus a pool with a cabana that includes a separate apartment, exercise room and party room, she says.
The gated home also has a four-car garage.
4 of 6
Price: $3.9 million
This three-bedroom, 3 1/2-bath home on almost an acre of land was built in 1997.
“The thing that’s unique about this house is to have this amount of land with water on three sides,” says Leigh Whiteman, a Realtor/broker with William Raveis Real Estate, Mortgage & Insurance.
The views are “not just open water, but also east to Grass Island and south to the Faulkner’s Island Lighthouse and Long Island,” she says. “It’s dynamic.”
The house has an open floor plan, recessed lighting and full-length windows, Whiteman says. The living and dining area accesses the wraparound deck and has a stone hearth.
“This house is luxurious but livable,” says Whiteman. “It invites people to relax.”
The kitchen opens to a breakfast room with glass walls on two sides. “It’s cozy and warm,” Whiteman says.
The master bedroom has a skylight and his-and-hers bathrooms, each with its own closet. His opens to an exercise room, while hers opens to a separate room with water views and a claw-foot bathtub. “It’s just luxurious,” she says.
Like any proper New Englander, it also has some built-in self-sufficiency. It has geothermal heat and air, plus solar hot water, she says. Located on an old home site, it’s surrounded by mature trees, Whiteman says.
The asking price was reduced last summer from $4.5 million.
5 of 6
Price: $4.999 million
All you need to move in: $5 million and the clothes on your back.
This 6-year-old home on six-tenths of an acre comes fully furnished, says Gavin Ernstone, broker and owner of Simply Vegas.
An “enormous” kitchen features textured ceilings, recessed lighting, granite counters and a breakfast bar, he says. It also has a wine cellar.
The family room has a bar with granite counters and a pass-through to the pool area. The infinity pool showcases a sunken seating area. And the covered patio is set for outdoor dining.
All six bedrooms have their own private bathrooms, while the master suite has a balcony with a fireplace, sitting area and views of the Las Vegas Strip.
The house also has plenty of fun extras: a movie theater that seats 12; a courtyard that features a hot tub; a game room; and for the fitness conscious, “one of the nicest home gyms in Vegas,” Ernstone says.
One of the best features: the views, Ernstone adds. “You can see four golf holes, as well as the Las Vegas Strip and the surrounding mountains.”
6 of 6
Price: $3.995 million
A blend of Mediterranean and Polynesian styles, this 10-year-old house sits on more than a quarter-acre in Kihei, on the island of Maui.
“When you walk in the front door, you walk up a few steps to the living room — which has an amazing ocean view,” says Tom Tezak, broker and owner of Wailea Realty Corp.
Finished with exotic woods (like bamboo, mahogany and eucalyptus), it uses glass walls and smart design to take full advantage of the backdrop, he says.
Virtually every room has postcard-worthy views, including sites like the West Maui Mountains, the Molokini Sanctuary and several other islands, Tezak says.
And the free-form pool has been “elevated above the backyard” so that it, too, has a view of the Pacific, he says.
Also, the house is built to host friends and family, he says. Not only does it have four master suites, but also the main one can be cordoned off from the house. And a kitchenette convenient to the other three suites — complete with refrigerator, toaster oven, blender and sink — allows guests to fix a quick breakfast or lunch, he says.
“You can have company come, and you can give them their space,” says Tezak, “yet still have your privacy.”