The most expensive foreclosed homes in America

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Ever wonder if a foreclosure might be a way to get a better deal on a new home? Or if it might work out better for you if you want to buy a home with bad credit? The thought makes sense — if the bank had to take it over the property, they probably want to price it to sell, right?

Not necessarily. According to Vija Williams, Zillow Premier Agent and Principal of VIJA Group Real Estate, you might get an even better deal on the homes that don’t sell at foreclosure auction and end up being listed as REO, or real-estate owned. 

However, she goes on to say that consumers looking to buy higher value homes could use foreclosures as an opportunity to break in at a more affordable price. In her words, investors aren’t typically interested in higher priced homes and that could mean you have a better chance at getting in on the deal. 

But what do high-priced foreclosed homes look like? And are they common? A recent search on Zillow uncovered the reality that even the most luxurious homes can end up in foreclosure. Here’s a list of some of the most expensive foreclosed homes on the market today.

Image Credit: Scott Lorsch / Unsplash.

11. $3.122 million

The most expensive foreclosed homes in America

Location: 919 Malcolm Ave., Los Angeles, California, 90024 

Beds and Baths: Six bedrooms and 3.5 bathrooms 

Square Feet: 3,698 

Special Features: Built in 1931, this Spanish colonial was remodeled in 1965. It features a pool and spa as well as a formal dining room designed for entertaining.

  • Listing: Zillow
  • Image Credit: Zillow.com.

    10. $3.267 million

    The most expensive foreclosed homes in America

    Location: 12 Napoli, Newport Beach, California, 92660

    Beds and Baths: Four bedrooms and six bathrooms

    Square Feet: 4,900 

    Special Features: This contemporary home built in 1984 has solar panels and 13 rooms, and boasts views of the city, the water, and the mountains. It also has a pool, barbeque, and rooftop deck.

    Listing: Zillow

    Image Credit: Zillow.com.

    9. $4.314 million

    The most expensive foreclosed homes in America

    Location: 11372 Skyline Dr., Santa Ana, California, 92705

    Beds and Baths: Six bedrooms and six bathrooms

    Square Feet: 6,698

    Special Features: Built on a private road, this home has views of Orange County. The Spanish-style hacienda was built in 1926.

    Listing: Zillow

    Image Credit: Zillow.com.

    8. $4.743 million

    The most expensive foreclosed homes in America

    Location: 10809 Wellworth Ave., Los Angeles, California, 90024

    Beds and Baths: Five bedrooms and seven bathrooms

    Square Feet: 5,118

    Special Features: This house comes with a jetted tub, a pool, an elevator, and a city view. It was built in 2010.

    Listing: Zillow

    Image Credit: Zillow.com.

    7. $4.794 million

    The most expensive foreclosed homes in America

    Location: 44 Close Rd., Greenwich, Connecticut, 06831

    Beds and Baths: Eight bedrooms and ten bathrooms

    Square Feet: 9,458

    Special Features: Built in 2002, this home on four acres is a Georgian estate with two entrance gates. It comes with gardens, a pool, verandas, a marble entrance, and more.

    Listing: Zillow

    Image Credit: Zillow.com.

    6. $4.835 million

    The most expensive foreclosed homes in America

    Location: 130 Auberge Rd., Saint Helena, California, 94574

    Beds and Baths: Five bedrooms and 5.5 bathrooms

    Square Feet: 4,715

    Special Features: Overlooking Napa Valley, this home has verandas, a pool, a gazebo, and nearly 40 acres of land. True to its location, the home also comes with a wine cellar.

    Listing: Zillow

    Image Credit: Zillow.com.

    5. $5.324 million

    The most expensive foreclosed homes in America

    Location: 5131 Fisher Island Dr., Miami Beach, Florida, 33109

    Beds and Baths: Four bedrooms and 4.5 bathrooms

    Square Feet: 4,109

    Special Features: This condo comes with amenities such as a hot tub, sauna, pool, a basketball court, and a tennis court. It also has water views and was built in 2004. The unit also comes with a $907/month HOA.

    Listing: Zillow

    Image Credit: Zillow.com.

    4. $6.182 million

    The most expensive foreclosed homes in America

    Location: 17588 Ranchito Del Rio, Rancho Santa Fe, California, 92091

    Beds and Baths: Five bedrooms and eight bathrooms

    Square Feet: 10,737

    Special Features: This home was built in 2006 and sits on just over 13 acres. 

    Listing: Zillow

    Image Credit: Zillow.com.

    3. $6.851 million

    The most expensive foreclosed homes in America

    Location: 1466 San Remo Dr., Pacific Palisades, California, 90272

    Beds and Baths: Four bedrooms and five bathrooms

    Square Feet: 4,085

    Special Features: This house has a gazebo, fireplace, fountains, and ocean views. It has ten rooms, was built in 1950, remodeled in 1986, and designed by builder for the star Peter LoPresti.

    Listing: Zillow

    Image Credit: Zillow.com.

    2. $8.074 million

    The most expensive foreclosed homes in America

    Location: 5115 Northside Dr., Sandy Springs, Georgia, 30327

    Beds and Baths: Eight bedrooms and ten bathrooms

    Square Feet: 30,000

    Special Features: This house was built in 2008 and sits on a 3.4 acre lot. It features a fireplace and 12 rooms, including a media room, exercise room, and wine cellar.

    Listing: Zillow

    Image Credit: Zillow.com.

    1. $9.400 million

    The most expensive foreclosed homes in America

    Location: 144 Huckleberry Rd., Wilton, Connecticut, 06897

    Beds and Baths: 11 bedrooms and 12 bathrooms

    Square Feet: 10,403

    Special Features: Not just a foreclosure, this home built in 1926 is actually a Tudor mansion — and it comes with an 11-stall barn. The property also features a riding arena, a pool, two three-bedroom and two-bathroom cottages, a wine cellar, an eight-car garage, and more. It sits on 152.83 acres.

    Listing: Zillow

    Image Credit: Zillow.com.

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