BUSINESS

Villa Fiorentina For Sale, Asking Price Reported To Be $525 Million

10/08/2014 08:32 EDT | Updated 10/08/2014 08:59 EDT

The rich are getting richer worldwide, and that’s causing luxury house prices to soar.

We just heard recently about this $139-million Florida mansion on the market, as well as a few other “houses” in that price range, something that was nearly unheard-of just a few years ago.

But here’s one that absolutely takes the cake (at least for now): A villa on the French Riviera that, according to reports, will be on sale soon for more than half a billion U.S. dollars.

villa fiorentina

That’s right. You can now spend half a billion dollars just on your pad. Assuming, of course, you’re in the top 0.00001 per cent of earners or thereabouts.

The villa is not officially on the market yet, but according to Forbes it will come with an asking price of $525 million U.S. Here’s what we do know about the property:

It’s located on its own peninsula that juts out from the French Riviera into the Mediterranean Sea, near a ritzy town called Saint-Jean-Cap-Ferrat.

It was built in 1917 by the Countess Therese de Beauchamp, and has hosted numerous notable guests, including Greta Garbo, Somerset Maugham, Frank Sinatra, Elizabeth Taylor and Andrew Lloyd Webber.

villa fiorentina

We couldn’t find reliable data on the number of rooms (with a property like this, does it even matter?), but according to Alexandra Lloyd Properties, the mansion has a 30,000 square meter park overlooking the sea, and two swimming pools.

If you need to check your mortgage calculator, you can’t afford it. Check out more pics of Villa Fiorentina:

Villa Fiorentina, $525-Million French Riviera Home