Secrets of Selling Luxury Living

From Hollywood mansions to NYC penthouses, multi-million dollar properties are hotter than ever.
3:00 | 04/25/14

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Transcript for Secrets of Selling Luxury Living
You've got the amazing infinity edge pool Hussein it's I mean how much -- -- suggest. From the palace is -- LA. Pacific penthouse is a Manhattan. Luxury living is back and more expensive then ever. This month mentions in Los Angeles and -- Connecticut each ticket sold for more than 100 million dollars shatter every record. Welcome to the famous billiard room. The fireplace mantle hearse brought from a French chateau. And this legendary Beverly Hills estate is still available. Anyone with a -- 135. Million. It's very exciting time to -- living fuel for high ended. It's like the Dow Jones you know who knows how high it'll go. Movie -- Kamensky is a Los Angeles real estate broker who specializes in ultra high end homes. -- is when he's not moonlighting on the real housewives of Beverly Hills. -- -- Thank you very much. His wife -- housewife Kyle Richards was -- clients coming in from Europe Asia and China Singapore all of driving up prices. With demands high and inventory. Of the US housing market is -- fire at all ends of the spectrum. -- it just keeps beating expectations in terms of sales. Today I have a really important client that's -- from out of town there are real business titan that of the more conservative so today definitely will put on the -- The real estate agency that he runs is called simply. The agency. I've -- house it's absolutely everybody from. Extraordinarily. High -- celebrities whether the Arnold Schwarzenegger or -- Krugman CEO big hedge funds big stock guys. Gurus and there industries and the business and -- I was thirteen -- some real environment. With his daughter Sarah also a broker at the agency by his side -- -- right now summit to read some of the agency's most exclusive listings and revealed the art of the big sales. Obviously we think that the brake -- of this house going to be a true art -- 100% so we really went through the effort of bringing in some really special or. This is 161000. Square foot estate in the Tony -- hills neighborhood of Los Angeles is for sale for 48 million dollars. Built by Italian developers it is by some accounts -- most expensive spec home. For sale in America we are. -- boardwalk right now the opportunity to represent market and sell a property like this is extraordinarily exciting. Tonight we -- it was throwing -- champagne and caviar party. You know not of the high net worth flyers but for other selected brokers who are getting a first peek at the house. -- -- -- -- -- the home is not officially listed on the real estate databases which means you have to know so much to find out about it. We're trying to just. Get it sold under the radar this is a high profile purchase and a lot of people don't like to be show office. And -- this is what 48 million can get -- in Los Angeles. This is what -- similarly priced duplex penthouse looks like in New York where price is per square foot are skyrocketing. How much are you -- us for the -- loss. Either there if you use viewpoints in Manhattan. It couldn't be using the reverse. Analyses Central Park that are priceless. This is protected you'll never came to this -- here. Hedrick ackland and his business partner John go. Had one of the top producing real estate brokerage teams in the country. Have a staff door. Because his department was two apartments -- combined so -- entertaining in the great room. You can actually outside this coming in working in the kitchen because obviously if you have a 42 -- -- -- -- property you're not -- cooking yourself exactly -- The apartment that they hope to sell as an upscale Time Warner Center next to Central Park. Walking -- assets are very important this reminded me read on this is designed by a woman. Ballet. -- about one minute and sex in the city. Ultimately the -- -- bottles two draw 42 point five million. One there aren't just hop in my view. This from. And we'll -- Yes six -- almost your top and -- the positioning of the looking at some tomorrow. -- Is this the view that you I mean that your rabbit doesn't at 121000 per square -- they say their most likely buyer will be international. Shopping for a New York City crash pad. If -- from our tolerance our job to sell New York to -- the city in the lives also we have come up with a call Sears didn't -- gets a slightly different places for flight to Hampton's. Yes it's all out. Done buying into New York Time Warner this building panels of course -- 42 point five million dollar mark or selling a lifestyle. And this is all on your -- correct call on -- done. Across the country -- -- CEOs marketing strategy includes an Enzo Ferrari worth more than a million dollars. For this much -- -- actually get the vote you're car. -- the law. They are crappy boring even -- event for Ferrari owners. We look at ways of selling. -- house through its lifestyle -- selling a property through its real estate. There is a price for this nest high up in Hollywood Hills 38 million dollars the furniture is included. Not the -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- DiCaprio has not come in for a tour though he has recently been house hunting in New York City. Frederick says that DiCaprio visited one of his team's listings a new construction downtown. Our dog was designed something very specific for someone of super uber wealthy the entire roof. -- private for the town tells only. Those who are not household names -- not automatically get the red carpet roll out. Potential buyers are screened before they can even tour. I've said notable multiple people that have wanted to see houses and generally speaking it's just because we don't feel that they qualify. I had another client you wanted to live right next door to Sylvester Stallone I called -- Liasson do you know this guy's like told -- he had a stalker and we were able to cancel the -- before it ever occurred. -- taking advantage up. Unfortunately we -- yes it's nothing for us to ask for bank statements and letters from accountants to verify that there are enough monies that are in their accounts. It's -- pretty standard at this price point. When all goes well and those sales come through the potential payoff is big for a home in the fifty million dollar range. Commission is about two million dollars. I think getting the big numbers is a very important I've always said that if you wanna get rich increase the size of your deals -- driven by. The rough so I guess it's one I've been negotiating for a long time and I. Did the impossible which is getting the buyer and the senate needs and -- -- hi Jake and I jump up anonymous me. -- brush that can be worth millions not me. I'm Paula -- for Nightline in new. Okay. The daily news.

This transcript has been automatically generated and may not be 100% accurate.

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