One Hyde Park: $220 Million Penthouse Sale 'Reported' in London

Luxury Real Estate: With many high-priced luxury real estate remaining on the market for what must seem like ions to sellers, out of the fog London ... and the dust in the air due to the property not yet being fully completed emerges the biggest transaction in the world relative to current listings and sales price. Luxist reported that the two-story penthouse unit of London's nearly completed One Hyde Park was sold for $220 million. This December is the anticipated opening of the mixed-use luxury development.

One Hyde Park is a four-tower complex of 86 condominium mansions overlooking Hyde Park and the Serpentine lake with units that start at around $32 million. Residents receive 24-hour concierge service from the neighboring Mandarin Oriental hotel. The vertical community for the very affluent includes a McLaren dealership in its mix of complementing retailers on the premises.

The buyer has not been identified. However, The Daily Telegraph reported that the identity of the buyer is being closely guarded, swirling rumors circulating point toward oil sheiks and oligarchs. The Holmby Hills, Cal., mansion owned by Aaron Spelling's widow, Candy Spelling, at $150 million, is now number two and remains on the market.

Sources: Luxist, The Daily Telegraph

James Rothaar

As an independent contractor, James has written content for and other leading online luxury lifestyle magazines. Rothaar previously served as the senior-tenured staff writer for JustLuxe, having worked with the digital magazine since 2005. He resides in Jacksonville, Florida, and works as an independent marketing consultant and a freelance writer. James Rothaar has an MBA degree...(Read More)

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