Friday, November 30, 2012

World's Most Expensive Penthouse Sells For 237 Million Euro

Barely a month after that a London penthouse had sold for 170 Million Euro ($220 million), making it the world's most expensive private residence, the record has been shattered with the 237 Million Euro ($308 million) sale of a palatial penthouse in Monaco (above). The Monaco property, called La Belle Epoque, has quite a history; formerly the home of billionaire banker Edmond J. Safra, it's where he was found dead following a mysterious fire that gutted the apartment in 1999. The three-bedroom, 1625sqm(17,500-sq-.ft.) duplex penthouse, which includes a double-height library and vast roof terraces complete with mature 15-foot trees and an infinity pool, is thought to have been purchased by an Arab sheikh, the Economic Times reports

The apartment's luxe features include a panic room with reinforced glass and surveillance cameras, cinema screens which emerge from walls at the touch of a button, numerous walk-in wardrobes and dressing rooms, a leisure room with billiard tables and arcade video games, a Jacuzzi and spa, and a media room with special executive chairs which convert into beds. The penthouse was sold by British property developers Christian and Nick Candy, who acquired the space relatively cheaply following the fire from Lily Safra and hired designer Martin Kemp to oversee 31Million Euro ($40 million) in renovations, including a dining room (above) with a platinum leaf ceiling.

 The two-storey residence is believed to be the most expensive penthouse in the world and it was designed by Candy and Candy, a design company in London. Some of its highlights are the full height library, the cinema rooms, the infinity pool, the panic room with surveillance cameras and, of course, the breathtaking views of the Mediterranean

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