This Could Be The World’s Most Expensive Penthouse With A Price Of Over $380 Million
Looking for a lavish way to show off your wealth? How about the $360 million penthouse in the 560-foot tall Tour Odeon tower, the first skyscraper to be added to Monaco’s Mediterranean coastline in 30 years. The five-floor, 35,000 square-foot penthouse features a slide that descends from the balcony to a giant infinity pool overlooking the sea. The design makes the building look like it came from Asimov’s novel “Bicentennial Man.”
If the penthouse isn’t your style, Tour Odeon will offer a total of 70 apartments upon its 2014 completion between the 20th and the 49th floors. Each will feature floor-to-ceiling glass walls, terraces offering panoramic views of Monaco and the Mediterranean and fully-equipped kitchens and bathrooms. The one- to four-bedroom flats are designed to take advantage of natural light as best possible and are constructed with a variety of natural materials, such as marble, bronze and wood. Residents will be able to enjoy a wellness center with private spa suites, a hammam, sauna, Russian bath, fitness center and choice of swimming pools. The tower will even include a business center and entertainment area—complete with a private movie room—and chauffeured limousine service.
Like most any property in Monaco, Tour Odeon will be unaffordable to all but the richest elite. London-based real estate firm Knight Frank, which is handling the sales of the tower’s units, recently listed the average price of Monaco real estate between $5,350 and $5,920 per square foot. Mediterranean prices have only emphasized the gap between the world’s wealthy and everyone else. Although construction on Tour Odeon was actually halted because of the global recession, real-estate prices in the principality have risen 2 percent in the past year as the world’s wealthy have invested their fortunes into real estate, particularly taking advantage of Monaco’s tax haven status.
Aside from the penthouse, unit prices start about $7 million for a one-bedroom apartment with 1,011 square feet of living space. Just 18 units have been sold thus far.
“These duplexes and the penthouse are set to catch the eye of those looking for the very best properties across the world’s leading markets,” Knight Frank’s James Price said.
[Images via Tour Odeon]