Leave a comment »

Rush Limbaugh wants $14 million for his penthouse

.

1049_fifth_trop.top.jpg

NEW YORK (CNNMoney.com) -- Conservative radio host Rush Limbaugh is saying adios to the Big Apple and selling his Fifth Avenue penthouse, asking almost $14 million.

Limbaugh bought the 10-room condo at 1049 Fifth Ave. in 1994 under the name of R H Trust, according to city property documents. The pad sprawls across nearly 5,000 square feet and two of its terraces overlook Central Park and its famous reservoir.

The pre-war property features a double living room; a wood-paneled library; four terraces; enormous baths; and a maid's room. But it's not for the faint of heart -- or those afraid of a big renovation. The general appearance can be described as, well, ornate, with trompe l'oeil ceilings and mural-covered walls.

Other lavish features include gold leaf moldings, mahogany floors, upholstered walls and an Italian marble foyer.

Luxury broker Corcoran Group is listing the property, but the firm chose not to release photos or confirm the celebrity resident. Limbaugh was not available for comment.

So what's all that worth? Limbaugh hopes to get $13.95 million for his home. For the tax rolls, the city values the property at $1.56 million and says property would rent for more than $26,000 per month.

Limbaugh, host of "The Rush Limbaugh Show," has been a major voice in the conservative media arena for decades. In 2009, the pundit said he would sell his property after New York governor David Paterson proposed a so-called "millionaire's tax" on residents who make more than $500,000 a year. 



http://www.middletonandassociates.com/00A88F
digg me Reddit newsvine del.icio.us Technorati
Posted on March 09, 2010 14:02:29 by Middleton and Associates

No comment yet...

Comment on this article
  Line breaks become <br />


  Remember me


  Allow users to contact you through a message form.
Captcha image.

Please enter the characters from the image above. (case insensitive)

This post has no comments awaiting moderation.

Middleton & Associates is a boutique La Jolla Realty with two offices in the heart of La Jolla who focus on offering highly experienced La Jolla REALTORS to the discriminating seller or buyer interested in knowing the precise and expert La Jolla home value for all La Jolla properties and La Jolla luxury homes.

Our La Jolla realestate site provides an in depth look at La Jolla market information as well as a powerful La Jolla MLS search service that allows you to find all homes in La Jolla for sale and all La Jolla condos.

If you are interested in La Jolla foreclosures, La Jolla Shores homes, La Jolla Farms homes, La Jolla Village homes and La Jolla Bird Rock homes we have a special search for that too.