8 Most Expensive Real Estate in The World
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Buckingham Palace, London: $1.55 Billion
The magnificent residence of Great Britain’s Queen Elizabeth II is generally agreed to be the world’s most valuable residence, estimated by Money magazine to be worth some $1.55 billion or around 47Billion Thai Bhat. The estate so highly-priced due to the palace’s royal birthplace and also its location in London, a city whose land is among the world’s most expensive.
Palace has 775 rooms, including 52 bedrooms for the royals and their guests, 188 bedrooms for staff, 78 bathrooms and 92 offices. That’s in addition to 19 staterooms—among them a state dining room, a music room and, an obvious necessity for any sitting monarch, a throne room. The ballroom is a more recent addition, built by Queen Victoria in time to celebrate the end of the Crimean War in 1856. The palace’s gardens cover some 40 acres.
An interesting fact about the palace is it’s owned by the trust and not Queen. Not to worry, though – Her Majesty is unlikely ever to be homeless. She owns a couple of other royal covers, including the noble Balmoral Castle in Scotland.
The world’s most expensive private residence, valued at $1 billion or 30.1B Thai Bhat, Antilia is a 400,000-square-foot 27-story mansion completed in 2010. The residence is 27 stories but goes as high as 570 feet which is equivalent to 50 to 60 story building. The New York Times characterized it as “a Blade Runner-meets-Babylon edifice.”
The towering mansion, supposedly named after a mythical island in the Atlantic Ocean, is owned by Mukesh Ambani, chairman of Reliance Industries and reportedly the richest person in India. According to The Guardian, its amenities include 3 helipads, 9 elevators, a 50-seat movie theater and six floors of parking space that can accommodate 168 cars. To maintain all that, Ambani employs a staff reported to number 600. To beat the Mumbai heat special room named the ‘ice-room’ is designed where the wall spits snowflakes Never the less Antilia is build to withstand an earthquake of even 8 on the Richter scale.
An interesting fact about Antilia, even after 3 years of completion of the project the Ambani family didn’t move to the house because they believed the Vastu Shastra (Science of architecture) was not right at that time.
Villa Leopolda, Villefranche-sur-Mer, France: $750 Million
French Riviera estate receives its name from King Leopold II of Belgium, who acquired the property in the late 1890s. Since then it has had several owners, served as a military hospital during the First World War. Today it is owned by Lily Safra, a philanthropist and the widow of the billionaire banker Edmond Safra.
The 29,000-square-foot main house reportedly has 11 bedrooms and 14 baths. There are also two guest houses, a pool, and striking 20 acres of trees and gardens said to keep 50 gardeners busy fulltime. Its recent value has been estimated at $750 million or 22.6B Thai Bhat.
The One, Bel Air, California – $500 Million
The One, Bel Air is valued for almost $500Million. What that impressive sum will buy you when the world’s first giga-mansion is completed in 2017, is a 100,000-square-foot, 20-bedroom compound landed high above Bel Air on four acres, with spectacular 360-degree uninterrupted views. It’s the creation of movie producer turned prolific real estate developer Nile Niami and architect Paul McClean, who have taken six years to construct this ultimate spec-home. Among its multitude of jaw-dropping features; a 5,500-square-foot master suite, 30 bathrooms, a 30-car auto “gallery,” five swimming pools, a 36-seat movie theater, six-lane bowling alley, and naturally, a nightclub.
Witanhurst, London: $450 Million
Under renovation, Witanhurst will, when finished, become the second-largest and second most valuable mansion in London, surpassed only by Buckingham Palace. Its interior space is expected to total some 90,000 square feet, bringing its value to an estimated $450 million.
Initially, the house had 25 bedrooms. New owners have since added a second three-story villa and dug out some 40,000 square feet of basement, a space that The New Yorker recently said: “amounts to an underground village.”
24 Middle Gap Road, Hong Kong – $447 Million
As they say in the property business: location, location, location. And locations don’t come any more prestigious than the Peak, on Hong Kong Island. In most other posh parts of the planet, this modest, colonial-style 5,700-square-foot, four-bedroom home built in 1991 wouldn’t get a second glance. But because it’s perched atop the Peak, comes with views of Deep Water Bay and is just a 10-minute drive from Hong Kong’s Central Business District, it’s listed for an unthinkable $447 million. Of course, any buyer will probably have the house torn down and a shiny new mega-mansion built on its third-of-an-acre wooded lot.
Odeon Tower Penthouse, Monaco: $400 Million
The title for the world’s most expensive apartment may soon belong to the penthouse atop the new Odeon Tower in Monaco. Bloomberg estimates its price tag, when it goes on sale this year, at about $400 million. The five-story penthouse will have 35,500 square feet of interior space, including a master bedroom The Guardian describes as “the size of two and a half tennis courts.” Perhaps its most distinctive feature will be the open-air pool and curved, two-story waterslide notched into the building’s upper floors.
Fair Field, Sagaponack, New York: $250Million
Largely opposed by neighbors in the Hamptons, banker Ira Rennert built the grand Fair Fieldon just under 1½ acres of land. That’s big house folk. The property has multiple houses, garages, and buildings of the like. Estimates have the number of bedrooms and bathrooms at 21 and 18. The property began construction in the 1990s and has a garage big enough to hold over 150 cars. Reportedly worth nearly $250 million, this is an expensive locale.