Home is the ultimate destination of any person. It provides us with comfort, safety, tranquillity and peace. There are different things one need to consider before making building a ‘home’. The location and price factor plays a significant role.
The most important determinants of value are “location”. The expensive residence is in locations where space is scarce and highly valued. Furthermore, the value increases as per who resided in it and the additional amenities the residence are equipped with.
Today we’ll look at the most expensive buildings in this list of Most Expensive Residence in the World. Here we go:
1. Buckingham Palace, London
Estimated value: Reported at over $5 billion
Although it’s unlikely the infamous palace will ever be up on the market. The world’s most valuable residence is Buckingham Palace, home to Great Britain’s Queen Elizabeth II. Part of the estimate is due to the palace’s royal provenance and its prime location in London. Buckingham Palace is not only a symbol and home of the British monarchy, but an art gallery, and a tourist attraction as well.
The whole palace complex covers over 830,000 sq ft (77,000 m2) of floor space.
Buckingham Palace includes 775 rooms, including 52 bedrooms for the royals and their guests, 188 staff bedrooms, 78 bathrooms and 92 offices. That’s in addition to 19 staterooms—among them a state dining room, a music room and a throne room. The palace’s gardens cover some 40 acres. It also accommodates a post office, cinema, swimming pool, doctor’s surgery, and jeweller’s workshop.
The Queen doesn’t actually own the palace; it’s owned by a trust. She does privately owns a couple of residences, including Balmoral Castle in Scotland, Sandringham Estate to name few.
2. Istana Nurul Iman Palace, Brunei
Estimated value: Reported at over $3.5 billion
The Istana Nurul Iman (The Light of Faith Palace) is the official residence of the 29th Sultan of Brunei, Hassanal Bolkiah, and the seat of the Brunei government. The palace holds the title of “world’s largest residential palace” in Guinness book.
In total, Istana Nurul Iman stands on 2,152,782 square feet (200,000 m²) of floor space.
The architecture of the palace is a mixture of European and traditional Malay architecture. Ultra-modern luxurious decor such as Italian marble, granite from Shanghai, English glass and the best Chinese silk was used. Gold and marble were the main elements of the Palace.
Istana Nurul Iman also became the largest residential palace in the world and the largest single-family residence ever built. The palace contains a huge, lavish throne room, 1788 rooms, 257 bathrooms, a banquet hall that accommodates up to 5,000 guests, a mosque accommodating 1500 people. It also includes a 110-car underground garage, an air-conditioned stable for the Sultan’s 200 polo ponies, and 5 swimming pools. The palace features 564 chandeliers, 51,000 light bulbs, 44 stairwells and 18 elevators.
3. Antilia, India
Estimated value: Reported $2 billion
Probably the world’s priciest private residence, often valued at $2 billion. The towering mansion, apparently named after a mythical island in the Atlantic Ocean, is owned by Mukesh Ambani. Mukesh Ambani is an Indian billionaire, chairman of Reliance Industries and the richest person in India.
Antilia covers a 400,000-square-foot of floor space and is a 27-story mansion. Well calling it a 27 stories building hardly does it justice. At 570 feet in height, it is the equivalent of a 50-60 story building, with its offbeat shape.
The tower can sustain an earthquake of magnitude up to 8 Richter scale. Its amenities include three helipads, a car service station, a 50-seater movie theatre, temple and six floors of car parking space.
While the ambani family doesn’t actually live there due to some vastu problem. But they employs 600 staff to maintain the building.
4. Villa Leopolda, France
Estimated value: Reported $750 Million
This French Riviera estate takes its name from King Leopold II of Belgium, who acquired the property in the late 1890s. Today it is owned by Lily Safra, a philanthropist and the widow of the Lebanese born Brazilian billionaire banker Edmond Safra.
The 29,000-square-foot residence reportedly has 11 bedrooms and 14 bathrooms. There are also two guest houses and some 18 acres of trees and gardens. It features a commercial greenhouse, helipad, outdoor kitchen, and stunning pool.
Also read: Most Beautiful Places in the World
5. Witanhurst, London
Estimated value: Reported $450 Million
Currently, under renovation, Witanhurst will become the second-largest and second most valuable residence in London after completion. Its interior space is expected to total some 90,000 square feet of floor space, bringing its value to an estimated $450 million.
Built in the early twentieth century by the heir to a soap fortune, Sir Arthur Crosfield, the original house had 65 rooms, including 25 bedrooms.
Witanhurst was bought by the family of the Russian billionaire Andrey Guryev for £50 million in 2008. New owners have since added a second three-story villa and dug out some 40,000 square feet of basement.
With underground activities, It will become an underground village. This basement, which is connected to the Orangery, includes a seventy-foot-long swimming pool, a cinema with a mezzanine, massage rooms, a sauna, a gym, staff quarters, and parking spaces for twenty-five cars.