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Buckle Your Real Estate Safety Belts...

April 24, 2013

...The Times of London reveals (via Curbed) an unfathomably rich but unnamed member of an unidentified Arab royal family is fixin' to fling his titanic central London mansion on the market in a blaze of international real estate shock, awe and publicity with a intergalactic ?250,000,000 price tag. That totals, according to Your Mama's trusty currency conversion contraption, a belly ache making $381,493,000 for all us Americanos.

The elegant, 1830-ish Georgian semi-detached terrace house?is that a proper description??stands four floors above ground with another two subterranean levels that total a downright civic 50,000 (or so) square feet. It's not nearly as big as a Wal-Mart and it's minuscule compared to the gargantuan royal palaces some Arab royal families maintain but it is almost as large as the White House.

A Greek temple-like porte cochere on the front facade stands out like a sore thumb against the rhythmic but featureless office block that dominates and absolutely oppresses the otherwise usually coveted tail end of the swanky cul-de-sac. Worse, perhaps, is the even more disagreeable office tower that looms forbiddingly directly across the narrow lane. Ugly and menacing office buildings aside, The Times goes on to reveal that India's multi billionaire Hinduja brothers also maintain one or more lavish residences on the terrace that's just a hop, skip, and a jump down The Mall from Buckingham Palace.

 Who's to say the Arab royal will get anywhere near his sky high asking price that The Times notes is "almost double the record for a residential property in the UK."Unidentified sources told the property gossips at The Times that the owner recently refurbished the redonkulously baronial residence that will likely appeal to a sovereign wealth fund for use as and embassy or ambassadorial residence.

If Your Mama was the betting type?and we're not?we'd throw down our pennies on someone more   like an obscure multi-billionaire commodities tycoon nobody who reads Vanity Fair has ever heard of from some place most Americans?including Your Mama?could probably neither pronounce nor pick out on a map will come along and snatch that thing up so his pampered youngest daughter and her retinue of handlers and keepers will have a decent place to live while she "attends" Central St. Martins.

What do the children think? What's the profile for a  buyer of this house at a quarter billion dollars?

photo: Google

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