Buy Rush Limbaugh’s Palm Beach Mansion for Only $175 Million

by Fred Fuld III

Looking for a new home in Florida?

Forget tiny houses. The perfect location is available to you in Palm Beach.

The mansion that was owned by conservative talk show host Rush Limbaugh is up for sale, according to ZeroHedge and the Wall Street Journal. Limbaugh passed away last year.

The home sits on a lot over two acres, and has over 16,000 square feet of living space, according to Zillow. It reportedly has 20 bathrooms.

The asking price is between $150 million to $175 million.

How About Investing in Elvis Presley’s House?

Elvis Presley House - Rockhurst Auctions
Elvis Presley House – Credit: Rockhurst Auctions

by Fred Fuld III

Everyone knows who Elvis Presley is, the King of Rock and Roll. So how would you like to own his three-bedroom, 1,260-square-foot house where he lived during 1943 and 1944, with a possible price of less than $50,000?

Elvis Presley Jailhouse Rock
Elvis Presley Jailhouse Rock – Credit: Wikipedia

Yes, it’s possible. The house that Elvis lived in with his parents, Vernon and Gladys Presley, is going to be auctioned off by Rockhurst Auctions, on Sunday, August 14, 2022, at the  Holiday Inn at 3411 Elvis Presley Blvd., in Memphis, Tennessee.

Elvis
Elvis – Credit: Wikipedia

The house was originally located at 1241 Kelly Street, in East Tupelo, Mississippi. It was carefully dismantled and preserved, ready to be rebuilt. The dismantling was videotaped, and the house is currently stored in a trailer, which is included as part of the auction.

The estimate is between $30,000 and $50,000 with a starting price f $25,000.

What a great casita this would be to reconstruct in the back yard of an Elvis fan.

Almost a hundred other Elvis artifacts will also be offered at the auction.

Elvis has left the building.

Invest in a Scottish Island with a Castle: Become a Lord

by Fred Fuld III

Have you ever wanted to own your own island? Hav you ever wanted to own your own castle? Have you ever wanted to have a title of Lord (Laird)?

How would you like to have all of the above? Well you can. An island, The Isle of Vaila, located in Walls, Shetland, Scotland, is for sale.

Isle of Vaila - Savills
Isle of Vaila – Savills

The price? Offers over $2,146,288 are being considered. The island is being offered by Savills in Edinburgh.

Here is what you get as part of the purchase price:

  • Approximately 757 acres
  • A 17th century castellated mansion with 4 reception rooms and 6 bedrooms
  • A 3 bedroom farmhouse
  • A 2 bedroom caretaker’s cottage
  • 18th century watchtower

This island, with beautiful views, has a private shore base into a sheltered bay with a pier.

Isle of Vaila - Savills
Isle of Vaila – Savills

The mansion/castle has four reception rooms and is furnished with the original late 1800s furniture.

So you get an island, a castle, and because the word “Lord” or “Laird” is  generally used to refer to any owner of a landed estate in Scotland, according to Wikipedia, you technically get a “title”, although that is not specified in the listing and would require further research of titles with the Lord Lyon. In the traditional Scottish order of precedence, a laird ranked below a baron and above a gentleman.

So what more could you ask for? Anyone want to go in on this island with me?

 

Are Tiny Houses the Latest Hot Real Estate Investment?

by Fred Fuld III

With the high costs of buying or renting a house spreading across the nation, more and more homeowners are looking at building a tiny house in their backyard, and renters are looking to rent them.

A small house is generally considered to be between 400 and 1,000 square feet, and tiny houses are less than 400 square feet. The smallest tiny house is considered to be one that is only 80 square feet. I wonder if they hold a lot of parties in that house?

Last year, California passed new laws allowing homeowners to construct tiny houses due to the fact that rental costs have gone through the roof (no pun intended) in the state partially due to the shortage of available rental units. Some other states are following suit.

These homes can either be built by contractors or can be ordered online as a kit the is relatively easy to assemble. So what kind of a house can you get, and how much does it cost?

One of the smallest is manufactured by Luoman and is only 113 square feet. TheAllwood Escape Cabin Kit sells for only $5,350, giving you the bare bones basic.

 

If you are looking for a bit more space, there is the starENERGY Tiny Home Kit which sells for $21,900 plus shipping. This home falls into the small house category at 648 square feet, and may accommodate a full kitchen and pantry, bathroom, one bed room with walk in closet, laundry room and living room.

 

You might want to consider a 320 square foot Prefabricated Container Hotel Room Furnished Economic Modular House at $54,000.

 

The Allwood Avalon Cabin Kit, manufactured by Lasita, gives you 540 square feet for only $33,990 with free shipping. It includes triple glass windows and doors.

Generally, none of these come with foundation materials or shingles for the roof. Construction usually takes two people and can take anywhere from two days to a week to complete.

Maybe you can have your own real estate investment in your own back yard.

 

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How About Meghan Markle’s House as an Investment

If you are looking for an unusual investment, here is an idea, a house owned by a princess.

More info courtesy of TopRealEstateDeals.com

When Megan Markle, now Duchess of Sussex and a princess of the United Kingdom, first got her acting part in Suits in 2011, she was married to Trevor Engelson and they rented this charming Colonial-style home in L.A.’s Hancock Park neighborhood – a stone’s throw from downtown Hollywood.  Though it was necessary for her to live nine months of the year in Toronto while filming, this is where she would return between filming and where she called home until her divorce in 2013.  It has recently been put on the market staged in pure Megan style, almost as if she had just stepped out for a quick trip to the grocery. It is now for sale priced at $1.8 million.

Meghan Markle

Filled with sunlight bouncing off of white walls and bright minimalist decor, the 1924 Colonial measures 2,262-square-feet with four bedrooms, three baths, family room, living room with fireplace and dining area, all on an open plan.  The eat-in kitchen is also filled with natural light and white cabinets are covered with marble countertops. The dining room opens onto a patio for entertaining and there is a two-car garage with additional parking.Meghan Markle

Although romantics love to believe that Markle’s marriage to Prince Harry was a real life Cinderella story, she had been starring in Suits for six years and was paid, at what Fortune estimates, $450,000 per show.  In addition, her two clothing lines were popular, selling out quickly and her fashion-lifestyle blog was also pulling in about $80,000 annually.  Not one to sit back and waste time, she had a number of small acting roles in between and made about $200,000 for each of her minor film roles. By the time Markle became engaged to Prince Harry, her estimated wealth was already hovering at $5 million.  

Meghan Markle

Although Markle was divorced from Engelson in 2013 and married Prince Harry in 2018, with whom she now has a child, it is rumored that the Sussexes may be looking for a second home in California where Megan’s mother still lives.  But would they be interested in this home? Not likely, as times and fortunes have changed and security needs have changed, but for Megan followers who themselves have big dreams, it is the perfect house. Now for sale at $1.8 million, the listing agent is Sheri Bienstock of The Bienstock Group, Los Angeles.

 

Photo credit:  The Bienstock Group