William J. Chadwick, a managing director of the real estate investment banking and capital management firm Chadwick Saylor & Co., has listed his 10,500-square-foot home in Malibu at $65 million (a city record), the Los Angeles Times reported Wednesday.

Chadwick purchased the land on which the house was built from Pepperdine University in April 2002 for exactly $2,000,000 only, according to public records.

The estate includes 150 feet of beach front, a 75-foot pool and spa, state-of-the-art home theater, a wine cellar, six bedrooms and nine bathrooms, a pub, a gymnasium a paneled office, a spa, and a home theater that seats 16, according to listing information and the Times. Other features include a wine cellar and a full wall-size aquarium, the Times reported

Check out an online listing sheet for Chadwick’s estate – complete with photos

The saga of world’s most expensive house started over at luxuo with Updown Court, the most expensive mansion in the world and the100 Million Dollars Trump’s Palm Beach Mansion.

As a matter of fact, one of our reader, who left a comment, was right : some villas on the French Riviera might be even more expensive !

Various sources said Russian billionaire Roman Abramovich and his girlfriend Daria Zhukova have just bought a home in France for $500 million. The home in question, La Leopolda, is an elaborate villa located on the French Riviera… which has become the world’s most expensive house !

This post is really meaningful to me. When I was a student, I used to live in Juan Les Pins, everyday, on my way to school, I was fascinated by this huge abandoned hotel and I really wanted to explore it. Le Provençal was the hotel that actually embodied a golden age on the Côte d’Azur.

“The 256-bedroom Art Deco palace and its “bright tan prayer rug of a beach” were, in the 1930s and 1940s, the symbol of the French Riviera. Coco Chanel and Marilyn Monroe ranked among the sun-worshippers; and on one balmy July evening, Ella Fitzgerald threw open an upstairs window and sang to the crowds at the world-famous Jazz à Juan festival in the park below. […] Built by an American millionaire Frank J Gould in 1925, with tennis club and jetty, restaurants, bars and luxury suites, the hotel marked a new way of life: la dolce vita.”

(copyright : Telegraph)

The famed Art Deco hotel on the Côte d’Azur has been derelict since 1973 and is now being turned into a luxury apartment building. I was sure they would never leave this hotel to squatters and pigeons forever and was dreaming of living in this dream hotel in the future… Too bad.. It is a little too early, I’m still not rich enough to buy any of the luxury apartment!

The London Telegraph reports that Developer Cyril Dennis is transforming the 45,000-sq.ft. beachside property, built in 1925, into 56 luxury units :

“Some have 360-degree views, and indoor pools, as well as outdoor pools and gardens; they will be fitted out with Porche kitchens, marble floors, Turkish baths, aquariums and separate staff lifts and entrances. Music, heating, lighting, flowers and shopping can be computer-controlled. Landscaped gardens, replanted each season, will feature fountains, ponds and an infinity pool with 360m terrace”

He describes the Provençal as “the last jewel in the Cap d’Antibes,” an area where top-drawer villas now go for over $200 million thanks to an influx of superrich (Russian) oligarchs. The luxury apartments will cost between €2million and €40million ($60 million)…

Via telegraph.co.uk

The epitome of luxury! Updown Court is situated only 25 miles from London, and through a pair of large sophisticated iron gates, one can see a palatial construction of immense scale and beauty.

Updown Court, a newly built mansion for sale outside of London, offers plenty of lavish amenities: five swimming pools, an eight-limousine garage, and mosaic floor made of 24-karat gold leaf in the downstairs study.

The property, however, is best known for its price tag: more than 85 million British pounds (+$150 million USD).

Aurum, an Italian company, is the sole agent of a precious parquet covered with 24 carat gold leaves which bring refinement of materials and craftsmanship in the most exclusive houses.

The elegance of the rich woods and the brightness and glints of the gold and silver give style and charm to the chicest houses, to the yachts, to the shops and to the suites of the most prestigious hotels.

The collection includes 11 patented patterns: 6 in gold (at around 6,800 euros a square meter!), 4 in silver and 1 in copper. Gold leaves applied on wood boards and finished with wax and specific treatments to enhance the natural grain of the wood and to keep brilliance and wear.

If you really love Italy, you have to know that the same price could get you a central Milan apartment !

A couple of weeks ago we wrote about penthouses located in Hong Kong and Dubai, breaking property records by selling for more than $30 million.

But no worries, our wealthy readers who missed those opportunities, will be glad to see that a new record has been set with the listing of a two-story 4,400-square-foot luxury penthouse condo for $10 million at the Astoria on Tenth tower, being constructed in Calgary (Canada).

Calgary is now a “have” city compared to Toronto and Vancouver. The city is the economic hub of Canada right now and real estate values have been going up.