Here's what $1 million buys in today's housing market

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Surging home prices made us wonder what $1 million buys in today's housing market. Here’s a sample of listings in cities across the country.

There was a time when the term "million-dollar home" conjured images of mansions in Beverly Hills or penthouses in Manhattan.A luxury penthouse? Sort of. Think closer to the ground.

Neighborhood amenities include community parks with sports facilities, a golf course, and beachfront dining, but homeowners have to brave the summer: The average high temperature in August is 90 degrees, and the average humidity is 80%.“It feels like you opened the dryer, but the clothes are still wet outside 95% of the year,” Reddit user @

The estimated monthly payment, including taxes and insurance, is about $6,300, with a 20% down payment and a 30-year mortgage rate at 7.2%.Located in Menlo Park, a city in the San Francisco Bay Area, this two-bedroom, two-bath condo is almost 1,000 square feet. It has been updated with sleek kitchen cabinets and quartz countertops and is part of an HOA community with a pool and a clubhouse.

The townhome is steps from lakefront beaches and Lincoln Park, home to the Lincoln Park Zoo. It is also a 10- to 12-minute drive — without traffic — to downtown Chicago, Millennium Park, and the Chicago Riverwalk. The backyard is even more inviting. The heated salt-water pool has three waterfalls and a spa, controlled by an app on your phone. The home is less than 10 miles away from the Las Vegas Strip. However,can be brutal — the temperature reaches at least 100 on an average of 70 days a year, and rare summer days can reach 115.

The entire house is decked out with wall panelings, detailed molding, and fancy lighting. It also has an enclosed glass porch situated next to the outside porch. Bill Gates is one of the country's top landowners and owns houses in Washington, California, Florida, and Montana. Here's a look at his real estate.

 

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