Everything is bigger in Texas, except record-setting home prices. A luxury mansion in the south of France just hit the market with a list price of $1.1 billion dollars, eclipsing the previous world record of $725 million for a sprawling ranch in the Lone Star state.
Photo Via Forbes
Villa Les Cedres (“The Cedars”) is located between Nice and Monaco in the town of Saint-Jean-Cap-Ferrat, which is known as “the billionaires’ playground.” The house has 10 bedrooms, a chapel, a ballroom, a 50-meter pool dug into the rocky landscape, and a stable that can accommodate 30 horses. It’s signature feature, however, is 35 acres of magnificent gardens that include 20 greenhouses and Europe’s largest collection of tropical plants.
Photo Via Boursier
Belgium’s King Leopold II once owned the mansion and named it The Cedars. The house was owned until recently by heirs to the Grand Marnier fortune. Famous guests over the years included Winston Churchill and Charlie Chaplin. If the new owner needs a cup of sugar, he can borrow it from current neighbors Andrew Lloyd Webber or Paul Allen, co-founder of Microsoft.
Interested? Let’s run the numbers. If you put down $100 million, and take a $1 billion 30-year mortgage at 4.5% your monthly payment will be $5,066,853.
Makes that ranch sound like a bargain. God bless, Texas!