Belgrave Square

London Mansion Hits the Market for $150 Million

Filed under: Estates

A mansion in London's posh Belgrave Square has hit the market for £100 million, or about $150 million, tying it with Candy Spelling's The Manor in Beverly Hills for the title of the world's most expensive estate (in terms of current listings). The six-floor, 21,000-sq.-ft. white-stucco-fronted building has 12 bedrooms, 20-ft. ceilings, a basement swimming pool, gym, media room, and every imaginable luxury fitting. The property has been gutted and revamped by Lebanese developer Musa Salem, the London Times reports.

Across the Square another house has recently come on the market for £80 million, or about $120 million. The eight-bedroom, 20,000-sq.-ft. house is being sold by Saudi Arabia's Juffali family, following the death of its owner. Belgrave Square is also home to Russian oligarch Oleg Deripaska and Sheikh Mohammed bin Rashid Al-Maktoum, the Emir of Dubai, as well as several embassies. The Square was built for the 2nd Earl Grosvenor, later the 1st Marquess of Westminster, in the 1820s and is one of the grandest in London.

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Britain's Latest Pricey Home

by Deidre Woollard (RSS feed) —

Filed under: Estates

Britain is no stranger to luxury real estate but a house in Belgrave Square is making news because it is set to go on the market for an astronomical £90 million early next year after a two-year refurbishment. The six-story home is owned by a Madeira-registered company, believed to be run by a Lebanese man. Property records show that the owner paid £6.87million for a 99-year lease in January 2005. In the past the substantial building has been used for offices. In order to turn it into a family home a basement swimming pool, gym and media room have been added. There are 12 bedrooms, garage space for four cars and the home measures more than 20,000 sq ft.

The area has had some relatively high-priced homes although this one is far and away the priciest. Saudi sheikh Walid Juffali and his wife Christina Estrada bought a home several years ago that had an asking price of £33million. Roman Abramovich's former wife Irina is also rumored to have checked out a on a £35million house there. If the house sold for the planned asking price it would only be the second highest sale in the country. Top honors go to the penthouse at One Hyde Park a development still in the planning stages.

[via Elite Choice]

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Tags: belgrave square, britain, london, luxury real estate, real estate