You may’ve read in last week’s news about the $56,600,000 penthouse condo that sold in Hong Kong , making it the highest priced condo anywhere in the world. Price per square foot was $11,350 and get this: The underlying property only has a 99-year-LEASE. Yikes!

How exactly does one “comp” a property that expensive? It’s not like you can look at others that have sold in the past six months, subtract a few bucks here and there for one less bedroom or a slightly better view, and say with certainty that you’re not over-paying. I mean, $56,600,000!!! And it’s not even a detached residence!? Ahh… the uber-rich.

If you want to buy the highest-priced piece of Bellingham Real Estate, you won’t spend even 1/10th of those Hong Kong prices. And right now you’ll have a choice between two properties tied for the top spot:
1) A charming 2-bedroom, 1-bath beach house on just under an acre of your own private peninsula w/ two mini-islands, all surrounded by emerald green water, and…
2) A 4-bedroom, 3.5-bath main home with 3 other 3-bedroom guest homes on just under 215 acres with a 50-stall climate controlled barn, 14,000-square foot indoor arena, all on the Nooksack Riverfront…
Check them both out HERE!

Take your pick of the above, or grab them both! Each is priced at $4,500,000.

Let’s say you could get a loan with a 20% down payment for one of these beauties. You’d need to bring that $900,000 down payment to closing, along with, oh, $75K in closing costs. Let’s call it an even $mil.

So then you’re borrowing $3.6 mil at, let’s say 6% interest for 30 years. You’re monthly payment on principal and interest is a cool $21,583.82. Better keep that 2nd job for now, just to be safe.

Bellingham has some high end real estate, to be sure, but it’s way, WAY more “affordable” than that condo. Happy Shopping!!!