The fight to curtail so-called megamansions was picked up recently by Realtor.com. They say the colloquial square footage "horse" has "already left the barn," adding the caveat that the typical American home size has increased by 150% between 1980 and 2018.
Some other choice takeaways include Paul Goldberger telling a Hamptons community meeting in May: "We want to be East Hampton, not Levittown-By-the-Sea." (The growth of estates there began back in the Gilded Age, however.) Zoning regulations in wealthy enclaves such as this tend to focus on a design's aesthetic features and proportions relative to its lot size. The phenomenon of "Iceberg Houses," e.g., where much of the home expands below grade, is another area of scrutiny as more scrupulous planning ordinances begin to take hold.
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I've had no experience paying property taxes on a mega-mansion, I would assume there are some breaks and shelters involved, but a quick search suggest LA charges .720% of the property value in annual property taxes, so about $7,200 per million, annually, which would make the bankruptcy sale price this property, of $126m, still cost the owners $900k/year in taxes... Money can't buy good sense.
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