It’s an illustrative word, but most realtors unfortunately shy away from describing property as a “compound” in their listings. But if one had to hole up in seclusion, this $17.9 million Palm Beach estate has everything for a luxury escape. The recently remodeled 12,700 square-foot mansion was originally designed by famed architect Maurice Fatio in1940. Finished in polished oak and French marble, the 7-bed/10.5-bath Colonial home has gala-sized rooms and patios, chef-designed kitchen, a guest cottage and private boat dock. [via realtor]

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New York real estate developer Andrew Heiberger has again trimmed the price of his East 63rd Street townhouse, hoping to offload the six-story luxury space for $13.75 million. Heiberger paid $8.15 million for the home in 2004 and listed it in February for $16.85 million and discounting it to $14.85 million in June. The six-bedroom home has seven wood-burning fireplaces with carefully restored antique mantels. Granite countertops run opposite hardwood floors and the home has an updated kitchen, home theater, wine cellar and a rooftop deck that looks out upon Midtown. [via luxist, cityfile]

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A sprawling, 15-acre ranch once owned by acting legend Steve McQueen and his third wife, Barbara Minty, is on the market for $1.95 million. The “King of Cool” and Ms. Minty moved into the Santa Paula, Calif, home in 1979 and married in the living room of the Victorian home in 1980. The estate has a three-acre Syrah vineyard and fruit tree orchard and three acres devoted horse care, training and riding and a 4,500 square-foot airplane hangar McQueen used to warehouse his Stearman biplane and car and motorcycle collection. Built in 1892, the home has period detailing and antique stained glass windows, but has been updated with commercial-grade kitchen fixtures and appliances. [via latimes]

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Just blocks from the ocean, this $5.7 million home has weathered Florida character and punches of bright color symbolic of Key West’s quirky unexpectedness. Built in 1944, the 6,888 square-foot home soaks in a swimming pool, wet bar and outdoor shower and steams with a built-in grill and a spacious, professional kitchen. The master suite sits atop the three-story home, a 19-foot by 17-foot room with walk-in closets and separate bathrooms. Downstairs, wood flooring and detailed trim lines each of the boldly painted room. [via realtor]

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Real estate in Hong Kong either proves that the global recession is coming to an end, or just how desperate some people are to have ultimate luxury. Word is that the world’s largest property developer by market value, Sun Hung Kai Properties, is raising the prices for two of their penthouses on the 91st and 93rd of a 70-meter (886-feet) tower in the city, by 50-percent. Forced by the increasing demand for luxury properties, the company is asking for a staggering HK$75,000 ($9,700) per square foot, adding to a total of $38.5 million each. The 4,000 square feet (372 square meters) luxury apartments are built on three floors, have six bedrooms, an outdoor garden and a swimming pool. We’ll let you find the justification for such a price … [via Luxuo]

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A monumental mountain estate for the equestrian-obsessed, potential buyers even considering the North Star Ranch should know they’d likely need a horse just to navigate the property. The $6.25 million Colorado ranch has roughly 265 acres filled with sandstone outcroppings, irrigated meadows mountain views and lush pastures fed by more than a mile of winding river. Four miles from La Veta, the property has a 4,000 square-foot Mediterranean-style main house with recently remodeled caretaker quarters and a cozy guest cabin. The estate’s focus, however, is on a professional 10-stall horse barn with an indoor arena [via luxist]

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Living next to President Obama has it’s perks, but the constant state of security finally proved too “tedious” for homeowners  Bill and Jacky Grimshaw, who recently started giving tours and accepting offers for their 6,000 square-foot Chicago home. The 17-room home at 5040 South Greenwood is situated in the Kenwood neighborhood, right next door to the first family’s Chicago home. The home was built in 1906 and was used to house officers stationed near Hyde Park in World War II, later becoming a boarding house for a small military school nearby. The Grimshaws bought the house in 1973 and in 2005, the newly elected Illinois senator and his family moved in to the house next door. The realtors are vetting potential buyers and will give tours of the house through October. [via luxo, pics via 5040greenwood]

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Modern Mediterranean-style homes carry the ubiquity of palm trees in South Florida, but the $12 million estate at 325 Cocoplum Rd. stands apart from it’s newer counterparts with an antique, old-world veneer and subdued luxury embellishments. The 6-bed/5.5-bath home has 8,810 square feet situated on just an acre of waterfront Coral Gables real estate. The classic lines of the home are echoed in a simple pool and sidewalks that cut through groves of fruit trees. The home is surrounded by a wraparound porch, scads of patio space and a private boat dock, while the interior is filled with dark woods, ornate wallpapering and marble floors. [via realtor]

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Recently returning to be near family in West Virginia, gymnastics gold medalist and super-smiley motivational speaker Mary Lou Retton has been trying for months to sell her 9,000 square-foot Houston home. The Wall Street Journal reported last week that Retton, 41, and husband Shannon Kelley, 43, discounted their South Texas mansion to $4.7 million, a 10 percent drop from its previous listing price. The 6-bed/6-bath “custom built” home is rustic and spacious, with rough-hewn beams and outdoor terraces and more contemporary elements like lightly colored limestone, a grotto pool, media room and modern bathroom and kitchen fixtures and commercial-grade appliances. [via luxist, wsj]

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