Uber Listings & Sales

World’s Most Expensive Home: Château Louis XIV Sells For US$301 Million

A mansion outside Paris just shattered the record for the world’s most expensive home, selling for 275 million Euros. Although it was constructed in 2011, the Château Louis XIV is built in the style of 17th-centruy French estates, featuring a gold-leaf fountain, ceilings painted in the style of the Sistine Chapel, and 56 acres of gardens that rival those of Versailles.

Although the sale was private, two sources close to the deal report that the unnamed buyer was Middle Eastern. Christie's International Real Estate was involved with brokering this incredible sale, one of the sources said.

Considered as a wedding venue for Kim Kardashian and Kanye West, the Château Louis XIV boasts both rich old-world aesthetics and cutting edge technology: a cinema, wine cellar, lavish ballroom, underground nightclub, squash room, and an underwater room with fish and sharks swimming in the clear walls.

Chateau back

Click the image above to view a property tour video in French

The mansion sits between Versailles and Marly-le-Roi, on the same land where Louis XIV developed a palace in the 18th century. The land was cleared in 1888 and used for agricultural purposes until 2008 when Emad Khashoggi decided to restore it to its regal heritage. The project was coordinated by Cogemad, a French company that develops luxury villas in Europe, Russia, and the Middle East. The construction reportedly took 3 years.

Cogemad provides 360-degree panoramic photos, and this video shows the grand scale of this record-breaking home. Cogemad’s website describes the attention to detail in the mansion’s interior: “The automated high-tech controls are incorporated with the utmost discretion, blending invisibly with the interior’s breathtaking Grand Siècle décor: gold-leaf moldings, marble inlays, tables sculpted from solid stone,  the finest silks, hand painted frescoes, elegant metalwork, and countless other refined details.” According to Cogemad’s website, the expansive gardens feature “elegantly planted parterres, a gleaming gold-leafed fountain, an infinite array of flowers, marble statues, bridle paths, and a hedged labyrinth.”

The previous record for highest confirmed sales price was $221 million, set when a London penthouse apartment sold in 2011.


2015 Leaders in Luxury Marketing Awards Winners

Thank you to all those who submitted entries for this year's Leaders in Luxury Marketing Awards. We were blown away by the amount of entries submitted, and what our members have accomplished. Congratulations to the winners of the 2015 Leaders in Luxury Marketing Awards.

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Jennifer Egbert, Dawn Thomas, Christine Battista, Carl Battista, Norka Parodi, Patrick Ryan

2015 Best Agent Market Report

Winner: Dawn Thomas, Dreyfus Sotheby’s International Realty, Palo Alto, CA

2015 Overall Excellence in Personal Marketing

Winner: Jennifer Egbert, JP Egbert Associates, Modern Luxury Real Estate, RE/MAX Alliance; Boulder, CO

2015 Best Marketing Campaign for a Property

Winner: Norka Parodi The Norka Group, Boca Raton, FL

2015 Outstanding Personal Achievement

Winner: Patrick Ryan, Ryan Residential, Related Realty Chicago, IL

2015 Best Marketing Video

Winner: Carl Battista & Christine Battista, The Battista Team, Keller Williams Denver Tech, Denver, CO

Watch for more on these winning entries in upcoming blog posts. Also watch for a webinar in the next few months featuring the marketing award winners’ entries.


Middle Eastern Royalty Negotiating for Lavish 68-room Sardinian Estate, Will $541 Million be the Final Price?

Saudi king blog post
Rumors are rife that former Italian Prime Minister Silvio Berlusconi is selling Villa Certosa, his lavish estate on Sardinia’s exclusive Costa Esmeralda, to Saudi Arabian royalty for $541 million. The estate sprawls over 296 acres and features 68 rooms, six swimming pools, an underground grotto where small boats can dock, an amphitheater, and a man-made volcano that erupts on command.

Arabian Business reports that Saudi Arabian Prime Minister, Prince Mohammed bin Nayef, is buying the property on behalf of his uncle King Salman bin Abdulaziz Al Saud.

Italian daily Corriere della Sera previously reported that Berlusconi was seeking $552 million for the secluded Mediterranean estate, which became a symbol of his flamboyant lifestyle during his years in power.  


Monaco’s royal heirs develop super luxe residences

Monaco Royals Andrea and Pierre Casiraghi, heirs to Monaco’s throne and grandsons of Grace Kelly, have introduced one of the principality’s most expensive and exclusive condominium apartment developments as part of a plan to add new residences to Monaco’s scarce residential supply and reinforce Monaco as a destination for Ultra High Net Worth Individuals (UHNWI).

A conversion of the abandoned headquarters of the former Banca Commericiale Italiana, the project is in the desirable trophy neighborhood next to Monaco’s Casino Square. Named La Petite Afrique, the building is slated for completion in Winter of 2016 and is a joint project of the Casiraghi’s Fine Properties Monte Carlo and construction firm Pizzarotti Group.

Quietly being marketed by word of mouth only – which highlights how exclusive it is -- the building redo is the work of “starchitecht” Isay Weinfield. The two story penthouse is reported to have been sold already for about €200 million. Seven other residences of around 7,500 square feet each are also reported to be under contact. Prices for those apartments were believed to be in the €85,000 per square metre range (US$8,483 per square foot), or about US$72 million each. As of the end of March, only two units on the fifth floor are still available.

More details in this WealthX article.


Blockbuster penthouse sale breaks $100 million price barrier in NYC

One57_from_Columbus_Circle,_May_2014New York City residential property sales bounced as high as $88 million in the past several years, but as of late December 2014, the sale of a penthouse encompassing the 89th and 90th floors of the new One57 tower has closed for $100.5 million, setting a new record for the most expensive residence ever sold in New York City.

The buyers name remains a mystery since the purchase was made in the name of a limited liability company, P89-90, LLC. Of the apartments sold in the building to date, reports are that more than half are in the names of Trusts or LLCs for privacy’s sake. While the property sets a record for NYC, at least three other U.S. properties have sold for more than $100 million in the past year.

The nearly 11,000 square foot duplex unit boasts the longest south to north city views ever offered by a NYC condominium and includes outstanding views of Central Park and other landmarks. The distinctive blue building was designed by Atelier Christian de Poirtzamparc, the Pritzker-prize-winning French firm. The building sponsor is Extell Development Company.

One57 is among several high rises to break ground on “Billionaires’ Row,” where the tall new towers cast shadows over Central Park. A group led by investor Bill Ackman is reported to have paid at least $90 million for another duplex on the 75th and 76th floors of the building, but the sale has not yet been recorded.

NY Times: $100.4 Million Sale at One57


Luxury in London

The Luxury Property Show
Interested in showcasing a stunning beachfront home in the Caribbean?  How about purchasing a luxury apartment in New York or London?  Looking for a buyer for your French chateaux or lake retreat in Australia?  The Luxury Property show held in London next month vows to present exceptional luxury properties, while putting on an amazing event.

This year’s show will be held at The Hurlingham Club, October 29-30, 2013, and promises to offer incredible sales opportunities for attendees.  Past showcases have attracted thousands of wealthy buyers, with the show focusing on drawing the leading property companies from around the world.  With networking events, interactive seminars and impressive exhibitions, The Luxury Property Show is set to be quite an event!

To take a look at the full show information, along with sponsorship and vendor opportunities click here!


The nation’s most expensive listing – $190 million estate

Cooper Beech Farm
The most expensive residential property currently on the U.S. market debuted this month in Greenwich (CT).  The $190 million property not only occupies 50 acres on Long Island Sound, it includes two offshore islands.  On the market for the first time since 1904, this classic 12-bedroom estate – Copper Beech Farm – features a long list of amenities.  The property is zoned two-acre residential and the mainland is subdivided into two tax lots of 20 and 30.6 acres, both of which are suitable for further subdivision.  The listing broker is David Ogilvy & Associates, Christies International Real Estate.

Should the property sell for list price, it will exceed the standing record for most expensive U.S. residence sold by almost 62%.  The previous record was set in 2012, with the sale of private-equity chief Tully Friedman's nearly 9,000-square-foot home in Woodside (CA) to SV Projects LLC for $117.5 million.


Nation’s #1 Luxury Agent to Speak at Annual Leaders in Luxury Conference

We are counting the days!

On October 15-17, approximately 120 luxury home professionals from across North America will gather for our eighth annual Institute for Luxury Home Marketing’s Leaders in Luxury (LIL) conference, an exclusive invitation-only event for Realtors who work in the million and multimillion dollar market.

KenHeld at the prestigious Charleston Place Hotel in Charleston, South Carolina, LIL will feature a keynote presentation by Institute member Ken DeLeon of DeLeon Realty. DeLeon is not only the nation’s number #1 Realtor with a sales volume of $275 million in 2011, he also holds the record for the most expensive property sold to-date in the U.S. – a $100 million Silicon Valley mansion sold to Russian billionaire Yuri Milner.

DeLeon will detail his dramatic rise to the top and how he became number one just nine years after starting his real estate career. He’ll also share tips for building a successful luxury business.

With the event still months away, we are well on our way to selling out and are continuing to add speakers and panelists who will share their ideas and the practices which are making top luxury agents successful.

And, of course, we have a fabulous property tour, a marketing awards competition, and lots of valuable networking opportunities planned. If you plan to attend and haven’t yet registered, don’t delay. Last year we had to turn people away.

Previous Leaders in Luxury conferences sparked comments like this:

“There is no way I can pick just one idea to take home and use. The entire conference was fabulous with useful information in all categories. As always, the attention to detail was superb and the networking was invaluable,” - Trinkie Watson of Chase International in Lake Tahoe, California.  

“The Leaders in Luxury conference offers the premier luxury broker education and speakers in the industry,” - George R. Harvey, Jr. of The Harvey Team in Telluride, Colorado.

For more information on Leaders in Luxury or to discuss receiving an invitation, go to www. LeadersInLuxury.com, email info@LuxuryHomeMarketing.com or call us at 214-485-3000.


Ultimate Homes from $20M to $125M

Ultimate Homes 2012 CoverOur friends at Unique Homes Magazine have just published their annual Ultimate edition, which highlights the most expensive listings in the country, from $20M  to $125M.  

Here a quick link to the top 10.  Note that in recent days since the list was compiled #6 sold for $70M and there is another property on the market for $125M.   

It is nice to see so many of our members in this issue.  Congratulations y'all!

The Ultimate Issue is always fun reading. Enjoy!


Record Miami Condo Sale

At $21,500,000, the recent sale of the top-floor penthouse condo at the Setai Resort and Residences set a new record for the most expensive Miami condo ever sold.  At 5803 square feet, the unit brought $3,704 per square foot, also a record for Miami condos.  

The seller was Netscape founder Jim Clark, who reportedly purchased the unit, ready for finish-out,  in 2004 for $9M.  The unit went on the market in February with an asking price of $27M.  The buyer is a private businessman who's name has not been publicized.