French Mansion Beats Apartment-Held Record

Market Insights
8 years ago
1 minutes

A home in Paris, has recently sold for $419m AUD (275m Euros) - smashing the world-record price for a home.

The mansion, named Chateau Louis XIV, ultimately split up by inner-apartments, was sold to a Middle Eastern buyer, who chose not to be named-  as the sale was private.

Sold by Christie’s International, the villa took 3 years to construct, and now features an aquarium, a cinema, and a wine cellar, whilst also sporting an outside fountain spoiled in gold-leaf.

“With elegantly planted parterres, a gleaming gold-leafed fountain, an infinite array of flowers, marble statues, bridle paths and a hedged labyrinth, the property’s park and gardens evoke the genius of Le Notre, ” said a representative of developer Cogemad.

The previous record for a sold property was a $211m London apartment in 2011 - whilst a Russian billionaire, Mikhail Prokhorov, lost his 10% down deposit on a South France villa at 390m Euros (around $593m AUD).

The penthouse at One Hyde Park in London, presented staggering views, with luxurious finishes - however, the sheer size of the Parisian mansion is sure to take the headlines.