Multimillionaries really aren’t unlike the rest of us. They too may feel concerned about finding housing that meets all their needs. But unlike most of us, spending millions of dollars on a home may be perfectly reasonable and within their budgets. Additionally, their “needs” in terms of housing may be more nuanced and indulgent than ours.
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Where do the ultra-wealthy go to find luxury housing that checks off all their palatial boxes? Cabo Villa Vegas Dave, a luxury villa rental company, analyzed luxury houses that are worth at least $3 million, for each U.S. state, as found on Realtor.com. Those findings were compared to each state’s land area to identify the states offering the highest concentration of luxury properties for multimillionaires.
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10. Delaware
Number of luxury houses: 32
Land area square mileage: 1,955
Square miles for every luxury house: 61
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9. Maryland
Number of luxury houses: 182
Land area square mileage: 9,775
Square miles for every luxury house: 54
8. New York
Number of luxury houses: 1,465
Land area square mileage: 47,224
Square miles for every luxury house: 32
7. California
Number of luxury houses: 5,716
Land area square mileage: 155,973
Square miles for every luxury house: 27
6. Rhode Island
Number of luxury houses: 57
Land area square mileage: 1,034
Square miles for every luxury house: 18
5. Connecticut
Number of luxury houses: 292
Land area square mileage: 4,845
Square miles for every luxury house: 17
4. Hawaii
Number of luxury houses: 455
Land area square mileage: 6,423
Square miles for every luxury house: 14
3. Massachusetts
Number of luxury houses: 561
Land area square mileage: 7,838
Square miles for every luxury house: 14
2. New Jersey
Number of luxury houses: 591
Land area square mileage: 7,419
Square miles for every luxury house: 13
1. Florida
Number of luxury houses: 6,117
Land area square mileage: 53,997
Square miles for every luxury house: 9
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Sources
Cabo Villa Vegas Dave
This article originally appeared on GOBankingRates.com: 10 States Where the Ultra-Wealthy Can Find the Most Luxury Housing
