It seems that as soon as we report that a home has been sold to become the most expensive in the world, the record is just as quickly eclipsed.
So, despite the doom and gloom in some parts of the World, the news that a home in Monaco has been sold for a record-breaking $305 million USD should come as no surprise.
What perhaps makes this sale so different, however, is the fact that the home isn’t a sprawling estate, but like most homes in Monaco a two-storey apartment, albeit a huge 30-room penthouse of the most magnificent opulence.
The Monaco property, La Belle Epoque, was formerly the home of billionaire banker Edmund Safra, and was where he was found dead following a mysterious fire that gutted the apartment in 1999.
The three bedroom, 17500 square foot penthouse features a double-height library, a leisure room with billiard tables and arcade video games, a panic room with reinforced glass and surveillance cameras, a spa, a movie theatre with chairs that convert into beds, and fully-grown 15 foot trees on its terraces.
The home was sold by property developers Christian and Nick Candy, who had purchased the property at somewhat of a bargain following the fire, and spent $40 million USD on renovations with the help of designer Martin Kemp.