Conservative radio talk show host Rush Limbaugh, who has been railing against the high tax rates assessed against New York’s wealthiest residents, finally made good on his threats to vacate the Big Apple, selling his luxury Upper East Side condo earlier this month for $11.5 million, The Wall Street Journal has reported.
But New York got one final swipe at the leader of the Ditto Heads. The sale triggered a payment from the seller at closing of about $325,000 in transfer taxes, including some $164,000 for New York City and $161,000 for New York state, according to the Journal report.
Vowing to depart New York and its high taxes for good, Limbaugh put the lavishly decorated, 10-room, 4,600-square-foot condo at 86th Street and Fifth Avenue on the market in March for $12.95 million. The Corcoran Real Estate listing said it features a library, four terraces, his-and-hers dressing rooms, a maid's unit, working fireplaces and views of Central Park.
Limbaugh bought the condo for $5 million in 1994. He’s paid $1.1 million in New York property taxes since then, according to The Palm Beach Post. Save for a couple of weeks during the hurricane season, he told the newspaper that he’s lived full-time since 1998 at his $24 million, 36,500-square-foot oceanfront Palm Beach mansion, where he also produces his nationally syndicated radio show. He paid property taxes of $451,212 on that property in 2009, according to online records of the Palm Beach County’s assessor’s office.