Is there a ceiling on extravagance? And more importantly, is it vaulted?
To answer that burning question, we point you in the direction of Hillsboro Beach, FL.
There you’ll find the newest entrant in the over-the-top luxury contest known as “America’s Most Expensive Home”: listed for a cool $139 million, this French-inspired palace seeks a buyer with pockets deeper than the Mariana Trench.
Name: Le Palais Royal
Style: Beaux Arts
Square Footage: 41,774
Acreage: 1.39 acres
Size of Pool: 4,500 square feet
Home Theater: IMAX (of course)
The Wall Street Journal reports the home has been under construction since 2009 and still isn’t complete. The Journal also offered this interesting tidbit: “The entire home was built to be soundproof. The home’s South African marble floors were insulated specifically so the clacking of high heels will be muted.”
So who’s going to buy the place where high heels can’t be heard?
“We do have some serious inquiries on the property,” he told CNBC. “The buyers, I think, are from all over the world. Inquiries have been pouring in from Brazil, from Russia, from China, India. Can’t forget America. I’m actually surprised [by] the amount of Americans that have been inquiring on this property.”
As for that enormous loan you’ll need to finance a palace of your own, Credit.com crunched the numbers on what a buyer might expect to pay every month.
Here’s what the site’s staff found: “Even with the low 30-year mortgage rate of 4.12% … you’re looking at a monthly payment of $550,559 for Le Palais Royal. Annual taxes are $143,425, and if you plan on putting down less than a 20% down payment ($27.8 million), the loan will be even pricier.”
So, for those who can afford to drop a half-million each month in mortgage payments, this might be the place for you.
If you’re interested in learning more about Le Palais Royal, we found couple of news reports about the nation’s most expensive home worth watching:
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