Who would buy a home for $750,000,000? Apparently somebody did and set a new record for the most expensive home in the world. The previous record was for a London home sold for about $236 million and bought by Indian billionaire Laksmi Mittal for his son. An anonymous Russian billionaire pays $750 Million for a historic villa on the French Cote d'Azur - Villa Leopold , a turreted cream colored mansion with two guest houses has the most spectacular grounds - 20 acres of gardens and terraces planted with olive trees, lemons and oranges and towering cypress trees. It takes 50 full time gardeners to maintain the ground alone.
Villa Leopolda was originally built for King Leopold II of Belgium in 1902, presumably for his mistresses. In 1916, the villa was turned into a hospital to house wounded officers during World War I and later owned by the Agnelli family of the Fiat automobile company. The last owner before this sale is Lily Safra, widow of Edmond Safra - a murdered banking billionaire.
Jean Pierre, the high-end agent who made the deal said it was surreal. Can you imagine how much commission he will make on the deal?
Compare to this sale, we have plenty of bargains here in the U.S. market. For homes in the luxury market, contact Rosalinda Morgan, a member of The Institute for Luxury Home Marketing.
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