For Sale: The World’s First $1+ Billion Dollar House

From Zero Hedge:

Exactly two years ago, we reported about what we dubbed at the time was “absolute bubble insanity” – a double skyscraper called the Tour Odeon, located in the French Riviera, which would house a 3,300 square-meter (35,500 square-foot) penthouse with a water slide connecting a dance floor to a circular open-air swimming pool. While the description was nice, it was the bottom line that was mindblowing: that appartment was priced to sell for more than 300 million euros ($400 million at the time) when it went to market the following year. That made it the world’s most expensive penthouse, according to broker Knight Frank LLP.

Below are some images of the nearly half a billion dollar penthouse in question (including the water slide into the pool).



And while we don’t know if and at what price the Odeon’s penthouse ended up selling for, we did predict that it was only a matter of time before this nearly half a billion price tag would be eclipsed by a full, round billion.

Two years later, the forecast has come true: as the Mail reports, the most expensive house in the world has been offered for sale at a price of over €1billion ($1.1 billion), located yet again in the south of France. The address in the billionaire’s playground of Saint-Jean-Cap-Ferrat, Les Cedres, is owned by Suzanne Marnier-Lapostolle, a member of the Grand Marnier dynasty who is supposedly seeking to “downsize.” 

Saint-Jean-Cap-Ferrat has a population of just over 2000

Cap Ferrat was named in 2012 as the second most expensive place to buy a
home in the world after Monaco

While the French economy is …

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