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The mansion cost $11 million ($260,000,000 in 2009 dollars) of which $7 million was spent on 500,000 cubic feet (14,000 mÂ³) of marble. Vanderbilt's older brother Cornelius Vanderbilt II subsequently built the largest of the Newport cottages, The Breakers, between 1893 and 1895.
The average construction cost for an EC is about 20% lower compared to that of a private property, based on contracts announced by listed construction companies. The average cost in building an executive condo is $209 psf while that of a private home is $256 psf.odayâs EC discount is $150â$200psf, or $100â$150psf. According to square Foot Research, executive Condominiums (ECs), widely considered to be private properties at a discount, are not exactly the same as private properties if construction cost is anything to go by.