The most expensive house in the world had been sold for 1 million

13.02.2020

The most expensive house in the world had been sold for 1 million. This record could be broken by the sale of Villa Leopold to Mikhail Prokhorov in 2008, but the billionaire refused to buy.

The mansion near Paris, known as Château Louis XIV (Louis XIV Castle), was sold for a record price of more than € 275 million ($ 301 million), Bloomberg reported Wednesday citing two sources. The interlocutors of the agency did not name the buyer, only noting that he was from the Middle East.

Cogemad, who built the mansion, declined to comment. So did Christie’s International Real Estate, which, according to sources, participated in the transaction as an intermediary.

The mansion, made in the style of the XVII century, was built in 3 years, according to the website Cogemad. The building is located in the heart of a quiet green park with an area of 23 hectares, 15 minutes from Paris and the Golden Triangle. As noted in the project description, there is a fountain decorated with gold leaf, marble statues, avenues for horseback riding and a labyrinth in the territory.

The previous confirmed record price for real estate was set in 2011 when selling a penthouse in London for $ 221 million. The sale of Villa Leopold on the Cote d'Azur for € 390 million could be a record, Bloomberg notes. In 2008, the Russian billionaire Mikhail Prokhorov was planning to buy a villa built in 1902 by the King of Belgium Leopold. He transferred the owner of the property, the widow of the banker Edmond Safra, a deposit of 10% of the amount (€ 39.4 million). But then a crisis broke out and the billionaire wished to abandon the deal. Prokhorov lost the deposit - in 2010, the court allowed Lily Safra not to return the money received.