This $387m Monaco penthouse is the most expensive in the world and it’s easy to see why

There's a very good reason why it can't find a buyer, though.
  • This is the world’s most expensive private property per square meter
  • A multi-story property, it even has a waterslide for the infinity pool
  • It’s been on the market for a long time, and it’s still struggling to find a buyer

Published on Nov 9, 2023 at 5:48PM (UTC+4)

Last updated on Nov 10, 2023 at 1:01PM (UTC+4)

Edited by Adam Gray
world's most expensive penthouse, lead image

The world’s most expensive penthouse is located in Monaco.

It’s massive, and it towers over one of the few places in the world where the price tag it carries makes sense.

READ MORE: People are wondering why there’s a Ferrari F40 on the deck of a yacht in Monaco

This is the second tallest building on Europe’s Mediterranean coastline and it’s absolutely massive.

With 35,500 square feet of usable space, and a nine-figure price tag, this is the world’s expensive penthouse.

In fact, this is the most expensive private property per square meter.

Dubbed Tour Odeon Tower Sky Penthouse, it has a rooftop deck and a pool, a water slide for the infinity pool, and outstanding views of the Mediterranean and the city-state.

Design-wise, the penthouse blends Mediterranean vibes with warm and gold tones that would look like right at home in Dubai.

The bathroom is almost entirely made of black and white marble, and each bedroom has its own dedicated balcony.

It was designed by Alberto Pinto and Alexandre Girald, and developed by Groupe Marzocco.

It’s an impressive project, and the price tag is enormous.

The home is available for $387 million.

And therein lies the problem.

According to Forbes, there are 2,640 billionaires in the world in 2023 and, in theory, each one of them would be able to afford this.

And for billionaires with an 11- or even 12-figure net worth, this would be a drop in the ocean.

And yet, the penthouse has been struggling to find a suitable buyer since hitting the market in 2015.

This is likely due to a couple of potential issues.

Firstly, buying this house would automatically put the buyer on the map and make them famous.

And some billionaires prefer to keep a low profile

Secondly – and perhaps more importantly – most billionaires aren’t willing to splash out $387 million on a home they didn’t design.

Almost by definition, everything they want and buy has to be custom made for them.

This is the same issue that the developer of The One, once the world’s most expensive one, faced.

They wanted $500 million but failed to find a buyer, and the house eventually went into foreclosure and was sold for ‘just’ $141 million.

You might be interested in

Related Articles

Liquid-hydrogen-powered plane would fly from the UK to the US without refueling
The world's biggest car contains entire apartment only enterable by secret door
Tesla Cybertruck battery capacity leaks amid range speculation
New info on GTA6 proves game will be more advanced than you could ever imagine
World's largest cruise ship five times bigger than Titanic about to set sail
Saudi Arabia's $8b turtle-shaped yacht would be a floating city that breaks records
Meta employee buys six-figure apartment on cruise ship so he can work from home whilst exploring world
'New Concorde' jet that flies from New York to London in record time set to make first flight