The World's Most Expensive House Will Set You Back $410 Million
With mortgage rates at near-record lows, there’s never been a better time to buy a $410 million house. And there's just one candidate at that price point: Villa Les Cèdres, a 35-acre property in the south of France that makes royal palaces look like empty appliance boxes.
Currently owned by Italian distiller Davide Campari, the Villa Les Cèdres property includes an 18,000-square-foot home with 14 bedrooms, 25 greenhouses, an Olympic-size swimming pool, olive trees (built in 1830, the estate used to be an olive farm), and a library with at least one book valued in the six figures. According to Bloomberg, the price reflects the home's exclusive location along the Saint-Jean-Cap-Ferrat coast and its history as the former residence of King Leopold II of Belgium. Current neighbors include Microsoft co-founder Paul Allen and composer Andrew Lloyd Webber.
If the price is realized, it would become the most expensive residential real estate sale in history. And at a 3.92 percent interest rate, it would set you back just $1,938,540 a month.