“Absent a deal, this property could possibly be price $200 million or extra, however provided that the customer sees the intrinsic worth I see,” Barnes mentioned.
The property was listed on January 16 by Beycome, a flat-fee MLS itemizing service, for $7.5 million. Barnes first raised the asking value on January 27 to $11.2 million. After that, he started elevating the asking value by 50% per day. The house had beforehand been listed by one other agency for $9.9 million from early October 2025 till January 15. In response to Barnes, the asking value will proceed compounding indefinitely if a deal is just not reached with a purchaser.
Public data present that Barnes bought the Miami property in Might 2024 for $5.308 million.
A advertising and marketing gimick?
Though Barnes acknowledges that the house itself is a factor of worth, he believes that the narrative he’s creating across the property can be considered as a factor of worth by potential consumers.
The itemizing already exceeds the best marketed residence value valuation ever recorded within the U.S., which presently stands at $165 million, in accordance with Guinness World Data.
Whereas Barnes is not sure if an analogous pricing technique would work on a lower-priced itemizing, he feels prefer it could possibly be price a strive.
“Itemizing a property is about good religion, ethics and judgment. Even whereas the world watches this spectacle unfold, severe gives should be weighed rigorously and it’s a fragile balancing act,” Barnes says.
Nonetheless he believes there isn’t any hurt in dreaming, even when making an attempt to promote your private home.
“Why would anybody put self-imposed limits on themselves or their property? That usually solely works in case you’re prepared to play by the foundations of conference,” he says. “I want to rethink the foundations solely. The system is designed so everybody does issues the identical approach, hardly ever questioning why. I take a distinct method, and I imagine making an attempt new strategies can profit everybody.”
