This newly built Mediterranean mansion is located at 11095 Memorial Drive in Piney Point Village, TX. It was built by Sorento Homes and is situated on 1.2 acres. It boasts 14,374 square feet of living space with 8 bedrooms, 7 full and 2 half bathrooms, domes and groin ceilings, circular stair tower, formal living and dining rooms, 2-story great room, library, media room, game room, wine cellar, porte-cochere, 5-car garage and much more. It is listed at $5,795,000. The interior isn’t completely finished yet.

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These two newly built homes are located in Paradise Valley, AZ and were built by MRA custom homes. They are both around the same size and boast extensive hand-crafted millwork throughout.

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Home #1 – Pictures #1-4 - This mediterranean style mansion is located at 8345 North Morning Glory Road. It was completed this year and boasts 9,859 square feet of living space with 4 bedrooms, 5 bathrooms, 6 masonry fireplaces, conservatory, club room, library, wine room and a 4-car garage. It is listed at $10,750,000.

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Home #2 – Pictures #5-8 - This French style mansion is located at 6121 East Orchid Lane. It was completed in 2010 and boasts 9,831 square feet of living space with 5 bedrooms, 6 bathrooms, paneled library, private courtyard with fountain, wine room and a 4-car garage. It is listed at $10,650,000.

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This lavish mega mansion, dubbed Taj-on-Swan, has been under construction for the past 2 years and is still not finished. It is being built by well-known entrepreneur, Pankaj Oswal,and may possibly be up for sale after financial difficulties put Oswal’s fertilizer company in receivership. It is located in the exclusive Peppermint Grove neighborhood of Perth, Australia and will include a temple, huge gym, an observatory with a revolving roof and parking for 17 cars. The Oswals’ bought the land for $22.7 million. Once you include construction costs, the total cost rises to a staggering $70 million. If they do happen to sell it, they will most likely lose money as they will probably only get around $35 million for it according to a local expert.

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Participate in our HOTR giveaway! We are giving away a great book - Light X Design: 20 Years of Lighting by Bentley Meeker. (Brand new with wrapper still on) It retails for $75!

All you have to do is click the link below. Then, “LIKE’ the picture and then leave a comment telling us why you love Homes of the Rich! I’ll pick a winner randomly on Sunday.

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Songwriter/Socialite Denise Rich has put her 12,000 square foot New York Co-op, located at 758 Fifth Avenue, on the market for a whopping $65,000,000. Situated at the corner of East 60th Street Ave, it is the largest penthouse ever offered on Fifth Avenue. There is a total of 7 bedrooms, 11 bathrooms and 3 kitchens. The upper level boasts a grand salon with 11′ ceilings, chef’s kitchen, dining room that can seat 22, library and the master suite. The lower level boasts 6 bedrooms, media room, recording studio, office, billiards room, two kitchens and a gym. There is also a huge private rooftop terrace that can hold 200 people.

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Mansion #1 – Pictures #1,2 - This Mediterranean style mansion is located at 240 Middle Neck Road in Sands Point, NY. It sold for $13,875,000 on November 7th, 2011.

Mansion #2 – Pictures #3,4 - This unfinished mansion is located at 225 Dock Lane in Great Neck, NY. It sold for $8,800,000 on January 18th, 2012.