Ranked: Most Expensive Streets In The World, 2019
It turns out, New York’s 57th Street is the street with the most expensive properties in the world, according to a new study by Douglas Elliman and Knight Frank. Three of the top five streets are in New York and once each in Hong Kong and London.
57th Street in Manhattan saw 41 sales priced above $25 million, with a $38.5 million average sale price, while Mount Nicholson Road in Hong Kong had 35 ultra-prime home sales over the $25 million minimum, with an $81.8 million average.
To identify cities with the most expensive properties in the world, the report tallied the number of homes sold for more $25 million in the past five years. With a total of 32 luxury home sales of more than $25 million, Central Park South ranked number 3 on the list — had an average price of $44.9 million.
Most Expensive Streets In The World, 2019
- 57th Street
City: New York, US
Number of sales over $25 million: 41
Average price: $38.5 million - Mount Nicholson Road
City: Hong Kong
Number of sales over $25 million: 35
Average price: $88.8 million - Central Park South
City: New York, US
Number of sales over $25 million: 32
Average price: $44.9 million - Park Avenue
City: New York, US
Number of sales over $25 million: 20
Average price: $43 million - Grosvenor Square
City: London, UK
Number of sales over $25 million: 13
Average price: $45.5 million - Mount Kellett Road
City: Hong Kong
Number of sales over $25 million: 10
Average price: $64.8 million - Fifth Avenue
City: New York
Number of sales over $25 million: 10
Average price: $55.7 million - Pacific Coast Highway
City: Malibu, California, US
Number of sales over $25 million: 10
Average price: $49.2 million - Conduit Road
City: Hong Kong
Number of sales over $25 million: 10
Average price: $43.4 million - South Ocean Boulevard
City: Palm Beach, Florida, US
Number of sales over $25 million: 10
Average price: $34.5 million
The other most expensive streets were Fifth Avenue (New York); Mount Kellett Road (Hong Kong); Conduit Road (Hong Kong); South Ocean Boulevard (Palm Beach, Florida); and Pacific Coast Highway (Malibu, California).
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