La Belle Epoque penthouse in Monaco, on the French Riviera sold for almost $308 million thus becoming the most expensive three bedroom in history.
The 17,500 sq ft flat was bought by reclusive British property developers Christian and Nick Candy from Lily Safra in the early 2000s.
La Belle Epoque, has quite a history; formerly the home of billionaire banker Edmond Safra, it’s where he was found dead following a mysterious fire that gutted the apartment in 1999.
The British brothers bought it for less than $16 million, was purchased by an Arab sheikh, the Economic Times reports.
Christian Candy admitted he had spent around $40 million to bring the flat back to life turning it into one of the most desirable properties in the world. The brothers hired designer Martin Kemp to oversee the in renovations, including a dining room with a platinum leaf ceiling.
The three bedroom penthouse has two floors and includes a double height library and vast roof terraces complete with mature 15 foot trees and an infinity pool.
The $308 million property also includes a leisure room complete with billiard tables and arcade video games, Jacuzzi and spa, a media room with executive chairs which convert into beds in case of over work, cinema screens which emerge from walls at the of a button, several walk in wardrobes and dressing rooms and many other luxury touches.
The security of this property is also state of the art and it features a panic room, reinforced glass and surveillance cameras everywhere. But probably the most important attraction of this penthouse is the wonderful location from where it has unspoiled views across Monte Carlo’s marina and the sea beyond.
The historic building is one of the best known in the principality, dating back to the pre-war glory days of Monaco.
The Candy‘s, who were brought up in Surrey and started their career borrowing $9,500 to flip their grandmother’s house in Earl’s Court.
La Belle Epoque was home to both Candy brothers, who domicile in Monaco. They will remain in the principality where their multi-million dollar yacht, Candyscape II, is berthed and have found a new residence.
The area where they live is one of the most expensive in France. In 2008, Russian billionaire Mikhail Prokhorov was poised to spend more than $712 million buying the nearby Villa Leopolda.
Mrs Safra was again the seller, but the deal fell through.
Villa La Leopolda on the Cote D’Azure was built in 1902 by King Leopold II of Belgium as a present for his mistress Blanche Zélia Joséphine Delacroix, also known as Caroline Lacroix, and derives its name from him.