World's Most Expensive Real Estate: $9,500 a Square Foot
By way of comparison, the closest competitor in the States is the beachfront cottage in Carpenteria, Calif., that we wrote about last fall. At $5.3 million for a snug 641 square feet, it comes out to a paltry $7,000 per square foot.
So what does $225 million get you?In the case of One Hyde Park--whose buyers are mostly Russian, Chinese, and Arab citizens, as well as British property millionaires looking to trade up--it gets you custom-designed interiors, squash courts, and a private wine-tasting facility. The floor-to-ceiling windows in the penthouses are bulletproof, and if that's not enough to make the owners feel secure, there's also a panic room. (Check out the video below).
When it comes to luxury real estate, the U.S. is a relative bargain. The average price per square foot in the States tops out at about $1,400 in Malibu, Calif.; in New York, it's around $1,300. Compare that with the world's most expensive city, Monte Carlo, where a luxury property will set you back almost $4,500 a square foot, and Moscow, where that deluxe dacha will cost nearly $2,000 a square foot.
But even One Hyde Park can't hold a candle to the world's most over-the-top urban digs--the billion-dollar house in Mumbai, India, that the fourth-richest man on Forbes's list of the world's wealthiest calls home. All 27 stories of it.
See a full list of the Top 10 Most Expensive Cities.
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