The World’s Most Expensive Real Estate

  • 16 years ago
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Dec 08 Homesgofast London Forbes’ annual top ten most expensive properties list shows that the credit crunch has even crept into streets paved with gold, as the homes are cheaper than last year and the wealthy are withdrawing properties from the market, unable to reach the price they want. Still, a property must be worth more than around £40 million to even make it onto the list, which only features publicly listed sales not private deals.

Struggling to get by on a mere millionaire’s salary, some wealthy sellers have withdrawn their prestigious property from the market as they can’t realize the price they are seeking and don’t want to lose out-after all.

Recently, investor Marty Zweig pulled the plug on his £46.8 million Pierre Hotel penthouse listing after four years on the market. Financier Leonard Ross, who had asked £110 million for the Hearst Mansion in Beverly Hills, California, also de-listed it in September. And late last year, Prince Bandar of Saudi Arabia removed his £90.3 million Aspen ski lodge from the ranks of available listings. Because the Aspen ski lodge was removed, the former number two moved up to claim first place.

The 2008 gold medal is shared this year and is split between a £83.6 million property on the Holmby Hills Estate between Beverly Hills and Bel Air, California and Dunnellen Hall, a Jacobean style manor in Greenwich, Connecticut, which has vaulted ceilings and marble floors.

The Holmby Hills Estate is a Versailles style property, known as Fleur de Lys, and has 12 bedrooms and 15 bathrooms, but its mammoth asking price is the lowest price of any top property spot since 2005.

The most expensive home in the UK is the £70 million Updown Court in Surrey which is bigger than Buckingham Palace and Hampton Court. With 103-rooms and 58 acres of gardens and woodlands, this property also boasts an indoor squash court, bowling alley, 50-seat cinema, helipads, space for eight limousines and a heated marble driveway.More UK luxury homes

The number four spot goes to a Lake Tahoe, Nevada property, owned by Joel Horowitz, joint founder of Tommy Hilfiger. The home comes with a wine cellar with 3,500 bottles – a snip at £67 million. Whilst the Forbes list is compiled from the world’s most valuable properties on the market in every continent, discovering every top-tier property is not always possible as many sellers don’t publicly list their homes.


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