Exodus from California, high tax states driving real estate boom in low tax states
Cities like Dallas, Texas are benefiting from homebuyers from high-tax states with deep pockets. Real estate executive Rogers Healy weighs in on the ‘new reality’ of the business.
A palatial estate once owned by comedian and "The Tonight Show Starring Johnny Carson" sidekick, Ed McMahon, is up for grabs for a cool $7 million.
The regal white Mediterranean-style Beverly Hills abode hit the market last month. It carries a storied history as the funnyman nearly lost the property to foreclosure in 2008 – save for a close family friend who purchased the mansion at 12000 Crest Ct. and rented it back to McMahon until his death in 2009, according to the Los Angeles Times.
The buyer later resold the home for $5 million and it is now back on the market, listed with Stephen Apelian and Joyce Rey of Coldwell Banker.
The specifications on the luxury manor are exquisite especially given its 1989 build date.
REESE WITHERSPOON SELLS RUSTIC MALIBU ABODE FOR $6.7M