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Philly’s market for high-end penthouses | Real Estate Newsletter

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The high-end luxury real estate market in Philadelphia, known as an affordable city, is off to a strong start in 2024. And a Gladwyne estate once owned by a Campbell Soup heir goes to auction.

Wanna know what $25 million can buy you in Philly? An empty space atop the city’s tallest luxury residential tower.

The secluded estate was built almost a century ago and has been on and off the market for a decade. At one point, the property was listed for sale at a price that is more than three times what is now the opening bid. A local married couple started a business to connect these homeowners with original artwork. Jay Gutnick gets a sense of his client’s taste and budget and goes from there. He’s commissioned more than 100 pieces nationally.

 

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