World’s Most Expensive Home
By Sean Ballent
Due to the dwindling economy, many sellers of the world’s priciest properties have taken their homes off the market. Last month, investor Marty Zweig removed his $70 million Pierre Hotel penthouse, financier Leonard Ross delisted his $165 Hearst Mansion in Beverly Hills, Calif., in September, and late last year Prince Bandar of Saudi Arabia removed his $135 million Aspen Ski Lodge from the rankings.
Last May, Donald Trump sold his $100 million Maison de L’Amitie in Palm Beach, Fla., to Russian oligarch Dmitry Rybolovlev for $25 million less than the mansion’s asking price. The discount Rybolovlev received was the largest single residence price concession of all time. Even with the discount, Trump was able to make a sizable profit. Trump bought the home for $41 million four years ago.
So what is the world’s most expensive home of 2008? The 12 bedroom, 15 bathroom, $125 million Holmby Hills estate nabs the top honor. The property known as Fleur De Lys is stationed between Beverly Hills and Bel Air and once reined supreme in 2005.
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