Record Setting Home Price

A record was set in the housing market, but it wasn't in the United States.

The Times of London reports the recent sale of a London penthouse for between 115 and 120 million pounds (approximately 230-240 million US dollars), the most expensive residential property ever sold.

The flat, in London's of St James's Square, is located smack dab between 10 Downing Street and Buckingham Palace. And, with approximately 20,000 square feet, there will be plenty of room for guests who wish to visit London's prime attractions.

The undisclosed owner won't be moving in right away; the to-be-built penthouse is will be one of six lavish apartments that will occupy a former office block from the 1930's. Three of the other five flats have also been spoken for.

World's most expensive property sold in London

A mansion in North London, in Barnet's "Billionaire's Row", sold for 50 million pounds in January, which set a record for a "newly built" property. But the home isn't quite up to the standards of the new owner, who plans to spend up to 30 million pounds on a remodel.

Sale of ‘Top Whack Mansion' is £50m record

If you're intersted in luxury properties, why not consider the Pikes Peak region?

There's currently a house under contract in Larkspur; with the turret and carriage house, you can feel like you're in England, but with much better weather. It only has 10,000 SF (all on one level), but sits on 197 acres of beautiful mountain property, and compared to the homes above, the $15,000,000 asking price seems like a bargain.

For a little bit larger home, perhaps you'll like a 17226 SF home on 5.36 acres. This beauty in prestigious Stratton Forest has city and mountain views, hand carved wood, crystal, marble, and plenty of room for entertaining. It's listed at only $6,500,000.

The Pikes Peak region offers plenty of choices for the discriminating buyer, and you'll get to live with stunning scenery and a pleasant climate. Plus, with the money you'll save buying a luxury property here instead of London, you'll have plenty left over to travel the world!

Please call us today if you'd like to find your dream home in the Colorado Springs area.

Ken and Sandy Wickham, the authors of this article, are long-time Realtors in beautiful Colorado Springs, CO. The welcome your real estate inquiries; to contact them, please visit their website.