The World’s Most Expensive Home Sold for $305 Million in Monaco

This is no ordinary three-bedroom penthouse even with its spectacular views of the Mediterranean, lavish interiors and extraordinary history.

To adorn a stark space on the well-used lower terrace, the team installed vegetation that Kemp calls a “living wall.” The Candys, who entertain lavishly, gave dramatic placement to sculptures and plantings. “This was the perfect opportunity for them to push boundaries and fulfill their vision to create the most spectacular one-off penthouse,” says Kemp. Photo: Candy & Candy

The world’s most expensive flat has been sold for 200 million pounds in Monaco, despite mysterious murder of its previous owner in the main reception room.

The two-floor penthouse — which includes a double-height library and vast roof terraces complete with mature 15-foot trees and infinity pool — has now been snapped up on a 97-year lease at a staggering price of 240 million euros (199mn pounds) by an unnamed Middle Eastern investor, thought to be an Arab sheikh, the Daily Mail reported.

Martin Kemp, head designer at Candy & Candy, produced an opulent yet inviting library in a once-cavernous space. Photo: Candy & Candy

Besides having a highly-secured panic room with reinforced glass and surveillance cameras, the swanky house has other hi-tech facilities such as cinema screens which emerge from walls at the touch of a button, and numerous walk-in wardrobes and dressing rooms.

Kemp conceived it as a true gentleman’s quarters, with an adjoining dressing area. A window frames the sculpture by Richard Hudson. Photo: Candy & Candy

It has a leisure room equipped with billiard tables and arcade video games, Jacuzzi and spa, as well as a media room with special executive chairs which can convert into beds in case of over-work.

Property developers Christian and Nick Candy are thought to have made a profit of at least 190 million pounds from La Belle Epoque penthouse in Monaco, on the French Riviera.

Art Déco styling influenced the port master suite, where Helmut Newton photographs hang on cashmere-paneled walls. Photo: Candy & Candy

They bought the 17,500 sq ft three-bedroom flat from Englishwoman Lily Safra in the early 2000s, soon after her banker husband Edmond infamously died in a mysterious fire inside the property. It cost a mere 10 million pounds that time, according to the Daily Mail.

Early theories back in 1999 were that Safra had been killed by Russians in retaliation for supporting an FBI clampdown on money laundering in the Mediterranean principality.

In the terrace master suite, Baroque elements meet feminine touches, such as a vintage chandelier. Kemp concedes that La Belle Epoque represents an era of “pure decadence,” but he and the Candys were committed to infusing the apartment with sophistication. Photo: Candy & Candy

But then Ted Maher, a former American Green Beret medical auxiliary who was caring for the ageing Safra, suddenly confessed to starting the fire, which also killed another nurse.

Maher spent just five years in prison – raising speculation that he was a ‘patsy’ set up to take responsibility for the crime by powerful interests who were really responsible.

A commanding prospect over the bay, a front balcony provides respite from the Mediterranean sun. The Candy brothers’ art collection, displayed throughout the penthouse, spills to outdoor spaces, with Lorenzo Quinn’s sculpture Reflections set against a mirror. Photo: Candy & Candy

Whatever the truth, it enabled Christian Candy, 36, and his brother Nick, 37, to make a fortune out of the then blighted flat.

Safra, who inherited her husband’s 3-bn-pound fortune thanks to him cutting his two brothers out of his will two months before his death, was happy to offload it for less than 10m pounds.

Kemp strove for “classically stunning” effects to harmonize with La Belle Epoque’s original lines. Rich details of the fully restored formal dining room include marquetry on the floor, beaded, hand-painted silk draperies, a platinum-leafed ceiling and plenty of crystal. Photo: Candy & Candy

In an interview last year Christian Candy admitted he had spent some 26 million pounds doing the flat up, turning it into one of the most desirable properties in the world. [via Architectural DigestDaily Telegraph (UK) and Yahoo News]

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