Homes: What you can buy for $5 million

  • Photo courtesy of Zillow

    Homes for $5 million are considered extravagant almost everywhere.

    That real estate price point is nearly 28 times as expensive as the current U.S. median home value of $179,200, according to Zillow. Even in notoriously posh and outrageously pricey markets like Beverly Hills, California, which has an approximately $3 million median home value, $5 million could snag a pretty nice place to call home.

    While trends indicate that $5 million will often buy lux amenities like large closets and patios with a view, it won't necessarily buy a 10,000-square-foot manse. In the Gramercy Park area of Manhattan, it'll buy 2,561 square feet and a fireplace. In the Oceanfront neighborhood of Miami Beach, it'll buy 1,844 square feet and a spa-like master bathroom.

    Here are 10 properties on the market for around $5 million across the country.

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    Ilyce R. Glink is an award-winning, nationally-syndicated columnist, best-selling book author and founder of Best Money Moves, an employee benefit program that helps reduce financial stress. She also owns ThinkGlink.com, where readers can find real estate and personal finance resources.