London runs a close second to Monaco with per square foot prices coming in well over $35,000. Another way to look at it is that one of the most expensive streets for real estate in London (Kensington Palace Gardens) used to be called Millionaire’s Row. It is now too expensive for a mere millionaire and the name has changed to Billionaire’s Row.
The obvious fallout for the US is that much of our country’s money is being invested in other countries, which does little to help the economy. According to the report, wealthy real estate moguls enjoy the location, history and cosmopolitan atmosphere of Europe, even though the emerging markets are now considered to be in Asia and Latin America.
Those with deep pockets seem to get the choice of the best toys, homes and opportunities. You’ll see what we mean when you take a peek at the following mega-penthouses that are on the market today in some of our favorite European cities.
8. Rome Loft – $8.6 Million
An elevator lifts the owner to the fourth floor entrance that leads through a spacious entry into a reception room that offers an incredible 180-degree view.
7. Vienna Penthouse – $18.2 Million
There are floor-to-ceiling windows in many of the rooms and smaller loft-type relaxation rooms that invite the residents to curl up with a book and luxuriate. Since there are two lofts on the market, the agent was reluctant to provide specific details other than “they are worth every euro”.
6. Paris – $14.7 Million
The Eiffel Tower is only a few blocks away as well as other magnificent cityscape views that can be comfortably viewed from the living room areas, terrace and other rooms. The generous reception area is luxurious and makes an incredible entrance for your guests.
5. Fontvieille, Monaco Penthouse – $23 Million
The high class, luxury condo includes a living room that opens to a marina-facing terrace, three bedrooms, four bathrooms, rooftop terrace with outdoor kitchen, solarium, Jacuzzi and beautiful garden. A penthouse in Monaco is the place to be during Grand Prix season, as all of the superyachts and wealthy tourists flock to this destination. So the owners can either join in the fun or people watch from their place high above it all.
4. Paris Penthouse – $57.3 Million
The staff has their own private entrance and quarters and on the bottom floor there are three cellars and two secure spaces for vehicles. It’s resplendent and one of the most spectacular luxury properties in the country.
3. London Penthouse – $90 Million
This will be considered one of the ten most expensive penthouses in the world and the lucky owner will tower over London while enjoying one of the best views available. Of course, it will have its own private pool, large living spaces, concierge and so much more. The details are all being crystallized and implemented for the property that will be put on the market next year.
2. London Penthouse – $227.5 Million
Each room is elegantly detailed with the finest in materials, fabrics and pieces. The five-bedroom masterpiece is spread out into two different sections that cover the entire floor. One end is completely devoted to the community living and entertaining rooms, while the other was developed to provide the comfort and quiet desired for sleeping and bedroom activities.
1. Monaco Penthouse – $440 Million
This project has been in development for a couple of years and is expected to be complete this year. Architect Alexander Giraldi created the space and was inspired by early 20th century Paris.
The steep price tag has increased by almost $100 million during the time the project began and now, when it will soon be finished. The must mean the offers are coming in or the project went over budget. We shall soon see.
The Odeon has already sold 26 of its other flats out of 259 units and 73 private luxury residences. The penthouse is in a category of its own, as are the lavish features.