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The World’s Most Expensive Estate Listed At $1.1 Billion

by Kelly Potts
October 24, 2016
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The World’s Most Expensive Estate Listed At $1.1 Billion
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The home in France, known as Villa Les Cèdres or The Cedars, has a storied history and sits on over 35 acres of land.

View from Cap Ferrat. Photo courtesy Wikipedia
View from Saint-Jean-Cap-Ferrat. Photo courtesy Wikipedia

Villa Les Cèdres, known for its lush gardens, large property and rich history, features 10 bedrooms, a ballroom, concierge, a chapel, an Olympic-sized swimming pool and stables for 30 horses, reports Forbes. The private botanical garden on the property, known around Europe for its beauty, has 20 greenhouses, 15 full-time gardeners and has about 15,000 extremely rare, tropical plants, which reportedly is Europe’s largest collection of tropical plants.

The home is listed for $1.1 billion, reportedly making it the most expensive listing in the world. Boursier.com reports, “No real estate transaction has ever reached such levels, even in the world, where the last record is selling a ranch of 210,000 hectares in Texas offered at $725 million.”

Villa Les Cèdres is on the peninsula Saint-Jean-Cap-Ferrat, which le-gotha.com notes has the most expensive price per square meter in the world at more than €200,000. The peninsula has had many notable owners and visitors, and was even the site of Co-Founder of Facebook Eduardo Saverin’s four-day private wedding celebration. Le-gotha.com states that there isn’t much for sale on the peninsula because the owners at Saint-Jean-Cap-Ferrat are very attached to their homes, even if they only vacation there a few weeks out of the year.

screen-shot-2016-08-20-at-18-46-27-1200x670

The estate reportedly has had many notable owners, including King of Belgium, Leopold II and the Grand Marnier family, known for their liquor brand, with the most recent owner being Grand Marnier heiress Suzanne Marnier-Lapostolle. It has been a vacation home for Winston Churchill, Charlie Chaplin, Elizabeth Taylor, Richard Burton and Prince Rainier III of Monaco.

According to reports, the surrounding properties have been home to British composer Andrew Lloyd Webber, Microsoft Co-Founder Paul Allen, French fashion designer Hubert de Givenchy and the Ferrero family of Italy, known for their chocolate brands Nutella and Ferrero Rocher.

Tags: Franceluxury destinationluxury real estatemost expensive listingReal Estateunique homes
Kelly Potts

Kelly Potts

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