Boxy “Town Hall classical style” dictator crib ‘The Fountains’ on infamous The Bishops Avenue, N2 for sale for £3 million less than it listed for in 2012; this time it is destined for flattening
When we featured a 12,602 square foot house on The Bishops Avenue – a street often nicknamed ‘Billionaire’s Row” and a place where the Greek fashion tycoon Aristos Constantinou was shot dead on New Year’s Day 1985 with six bullets – in May 2015, it was for sale for £15 million.
Standing on a 0.65-acre plot, ‘The Fountains’ – originally named ‘Deans Cote’ and more simply known as just ‘39 The Bishops Avenue’ – has simply been left to rot in the time since and has now been placed on the market, but this time listed as just “land for sale.”
Gone, here, are the day of deviant dignitaries and dodgy despots entertaining in this house – built in 1926 and mocked more recently as “very boxy” and of a “Town Hall classical style” – and now, though much of the same furniture remains six years later, Knight Frank offer it for £12 million.
In spite of the £3 million reduction at a time when prices for houses with land has elsewhere risen, the seller has also spent time and money to gain planning permission to flatten the house and replace it with a larger 23,695 square foot “grand new build residence.”
Of the proposals, Knight Frank remark:
“The designs elevate the quality of the internal accommodation, offering increased lateral volume and a luxurious sense of space throughout.”
“The proposed residence comprises six-bedroom suites and a new lower ground floor with staff quarters and a range of additional amenity and leisure facilities including swimming pool, gym, cinema, catering kitchen and secure car parking.”
“The proposed landscaping for the private rear gardens includes a sensitive restoration of the historic water feature and pavilion.”
In 2014, whilst the Guardian revealed that of the 66 houses on the street, 16 were derelict and rotting, local estate agent Trevor Abrahmsohn bragged of it in 2006: “Among the wealthiest circles in the world, The Bishops Avenue is better known than Buckingham Palace. It’s a significant demonstration of status. If you live there, you don’t need to explain to people that you’re rich.”
When the house was marketed in 2012, Knight Frank made specific reference to the house having “majilis” or “private places where guests, usually male, are received and entertained.” Goodness knows, however, who was received in this airport sized room, but it certainly looks like a place that would have suited Saddam Hussein a treat.
The Numbers – The Fountains, 39 The Bishops Avenue, Hampstead Garden Suburb, London, N2 0BA, United Kingdom
April 2021 – Offered for sale for £12 million ($16.6 million, €13.9 million or درهم61 million) with planning permission to demolish and replace through Knight Frank’s Hampstead office.
May 2015 – Offered for sale for £15 million ($20.8 million, €17.3 million or درهم76.2 million) through Knight Frank and Glentree on behalf of executors of persons unnamed.
Today, instead of lauding its gaudy past, Knight Frank share this mockup of an even larger mansion that could replace the existing 1926-built structure.Another mockup shows the proposed replacement from the rear.The current entrance hall is somewhere the 1980s soap opera ‘Dynasty’s’ Alexis Colby (played by Joan Collins) would certainly feel in ecstasy.The entrance is dominated by balconies and plenty of gold paint.Acres of marble were used throughout the existing structure.There’s plenty of filthy shagpile too.The dining room today retains the very same table that was there in 2015. It’s certainly got enough seats for even the likes of Mohammed bin Salman even to host an interrogation with David Cameron and Lex Greenskill.A corridor leading to the main “majali.”The “majali” has been cleared of furnishings, but retains a few tacky chandeliers and columns.The decrepit kitchen is an area that would not exactly appeal to Nigella Lawson or Delia Smith even.The master bedroom has fallen into decline and features a carpet dotted with brown stains and a filthy looking pair of beds.Another bedroom resembles something out of an OAP home.The master bathroom has retained its frankly hideous murals.The “majalis” from above with an overgrown ‘patio’ separating them.The garden is somewhat neglected, but not nearly in as bad a condition as those of some of the neighbouring mansions.Supposedly, these fountains are of historic value. At the moment, they’re just a tip.The existing floor plans.The proposed plans for the ground and basement levels include a new swimming pool, gym and cinema room.Plans for the first floor and a new second floor.Barratt Homes on steroids – The Fountains, 39 The Bishops Avenue, London, N2 as it was in 2015.
Crumbling Northamptonshire estate Lilford Hall – where the little owl was introduced to Britain – for sale for £10 million, a sum £35 million lower than in 2014
Grade I listed Jacobean mansion with 13 chimney stacks for sale for £10 million; it was for sale last for £44.9 million in 2014 in spite of being listed on English Heritage’s ‘At Risk Register.’
Lilford Hall – parts of which have not been occupied since 1947 –is currently owned by a businessman who tried to sell burial plots in the grounds for £1,250 a pop and shares in a yacht loosely associated with Frank Sinatra for £23 each.
The 321-acre estate includes not only overgrown parkland, but also a zoo with cages that formerly housed bears and a lake for flamingos.
From 1711 until 1990, Lilford House was the seat of the Powys family – the 4th baron is credited with introducing the little owl to the UK.
More recently, in 1969, the “sexual mystic” artist Penny Slinger used the at-the-time derelict mansion in one of her best-known works.
A 32,406 square foot Grade I listed Jacobean mansion 82 miles from Central London has gone on sale for £10 million – or the equivalent of just £308 per square foot.
On this basis, Lilford Hall – set in 321 acres near Oundle – seems a comparative bargain when considered against the £4,786 per square foot sought for a Lennox Gardens, Knightsbridge triplex flatThe Steeple Times featured in May, but buyers need to remember this – parts of this crumbling building, most notably the major state rooms, have not been used since 1947.
Marketed last in 2014 for the even more punchy sum of £45 million, the “exceptional residential and amenity estate located on the River Nene,” is now offered by agents Savills. The “wonderfully proportioned” U-shaped mansion itself is constructed of grey limestone and includes over 100 rooms and amongst them are 7 “impressive” reception rooms, a ballroom, a ‘great chamber’ and 9 bedrooms. In addition, there are two Georgian pavilions that were formerly coach houses and stabling, three cottages, a former zoo, the oldest private softball court in the world, a former flamingo enclosure and a deer park.
“Impressiveness in the chief attribute of Lilford Hall as a specimen of architecture” claimed County Life in 1990 and as the seat of the Powys family from 1711 until 1990, it became not only a Downton Abbey-esque entertaining pad, but also housed nurses in the Second World War. Here, indeed, is an English country house that has seen lavishness and decline and thankfully here is an example that thankfully escaped the wrecking ball wrought so disgracefully on such houses in the 1950s and 1960s.
Fascinatingly in the 1880s, Thomas Powys, 4th Baron Lilford filled his aviaries on the estate with rheas, kiwis, pink-headed ducks, free-flying lammergeiers and it was from here that he also introduced the little owl into the UK. There are said to be around 5,700 breeding pairs today, but sadly, according to the RSPB, their numbers are now in decline.
More recently, in 1969, “sexually erotic” performance artist Penny Slinger took over the by then “derelict” mansion in conjunction with the filmmaker Peter Whitehead. Their resulting work, titled An Exorcism, was exhibited internationally and in 2004, after the current owners, Charles and Aziza Micklewright, acquired the house, they did something equally avant-garde; they attempted to sell burial plots in the grounds to Americans by citing the estate’s connections to the founder of the Brownists, Robert Browne – a man better known as ‘The Father of the Pilgrims’ and ‘The Grandfather of the Nation’ (of the United States of America).
Whilst Mr and Mrs Micklewright were lauded for their considerable efforts towards the “huge task” of restoring Lilford Hall, they came to the attention of Historic England in May 2019 when the building was listed on the At Risk Register. At that time, the Oundle Chronicle reported: “The roof covering is in poor condition leading to water ingress and distress to the upper storeys. The front bays require structural attention. A schedule of urgent repairs has been identified but not implemented, and no long-term solution has been agreed.”
Now, someone with very, very deep pockets is required to restore this gem. It would be helpful if they liked erotic art, bears, squash and owls also.
The Names & Numbers – The Lilford Hall Estate, Lilford, Oundle, Peterborough, Northamptonshire, PE8 5SG, United Kingdom
June 2020 – The estate is listed sale for £10 million ($12.5 million, €11.1 million or درهم46 million) through Savills. It includes 321.31 acres, of which 148.17 acres are pasture land whilst 157.48 acres are woodland. The majority of the estate is held on a freehold title, whilst the remaining 127.6 acres – known as ‘The Linches’ and ‘Lilford Woods’ – are held on a lease with 91 years remaining.
2015 – Promoted as ‘The National Memorial Gardens,’ burial plots in the gardens of the hall were offered “available to any UK resident or national for an outstanding price of only £1,250 ($1,568, €1,393 or درهم5,758)” by Mark Bailey of Harley Investments. Around the same time, a website dedicated to Lilford Hall marketed “a piece of the formal gardens” for sale for £299 ($375, €333 or درهم1,377) to include “an officially certified ‘Squire of Lilford’ [title] … with this little piece of history.”
March 2014 – The Irish Times reported that the asking price for the estate had been increased to £44.9 million ($56.3 million, €50 million or 206.8درهم million). They claimed the agents Coldwell Banker blamed “confusion over currency conversion rates and new instructions from the owner.”
April 2014 – The Lilford Hall Estate is listed for sale through Coldwell Banker on MyHome.ie for £33.7 million ($44.2 million, €37.5 million or درهم155 million) on behalf of “an English gentleman.”
2004 – The estate is acquired by the Micklewright family. Little information is available online about the Old Framlingham Charles Micklewright (born July 1958), but he is described as a “patent attorney” on Companies Houses pages. The businessman is mentioned also as a publisher and trustee of the Marsh Christian Trust elsewhere, whilst his Singaporean born wife, Aziza (born 1964), was a director of Lilford Properties Limited from 2013 to 2018.
A website operated by Sign of the Times Limited, a Hong Kong company of Lilford Hall, Lilford, Oundle, Northamptonshire, PE8 5SG, currently offers shares in a yacht named ‘Sinatra the Voice’ for £23.91 ($29.99, €26.64 or درهم110.14) per share. The boat was built in 1956 and is tenuously linked to Frank Sinatra by the fact that a one-time owner, Beale Poste, loaned it occasionally to the crooner between 1968 and 1974 in West Palm Beach, Florida.
1990 – The estate is closed to the public.
1980s – The house is used as a location in the BBC English Civil War inspired historical drama series By the Sword Divided.
1970s – Aviaries on the estate restocked by George Powys, 7th Baron Lilford (1931 – 2005). He “opened [the estate] to the public as a leisure park” and housed more than 350 birds of 110 species there. It remained thus for around 20 years and included a restaurant and shop. The aviaries and the 1,896 square foot restaurant building remain present still today.
1969 – 1970 – American British “sexual mystic” artist Penny Slinger (born 1947) and Liverpudlian filmmaker Peter Whitehead used the “derelict mansion” as the setting for their works An Exorcism and Lilford Hall. They are lauded as a “photo romance” and exhibited at the Blum and Poe Gallery in Los Angeles in 2014, at the Haywood Gallery in London in 2015 and at the Fortnight Institute in New York in 2019.
1949 – Stephen Powys, 6th Baron Lilford (1869 – 1949) died without having married or having had children. His properties aside from Lilford – a house in Mayfair, Bank Hall in Lancashire and the Bewsey Estate in Cheshire – passed to his second cousin twice removed.
1947 – The estate is sold to a company named Merchant Ventures by the Powys family (though they remain present on the estate until 1990).
1939 – 1945 – During the Second World War, the parkland of the estate was used as a military hospital for nearby airfields. From 1949 to 1954, some of the buildings constructed during this period were then used as a Polish school.
1923 – First-class Northamptonshire cricketer Major John Powys, 5th Baron Lilford (1863 – 1945) built the first private softball court in the world in the grounds of the hall. It is now in disrepair and the roof has fallen into the inner court.
1909 – 1910 – The hall was extended in the Edwardian manner including the provision of a new master bedroom with dressing room and bathroom by William Dunn and Robert Watson of Dunn & Watson.
1901 – The estate surrounding the hall reaches its largest size and totals a vast 8,000 acres of land. Around this time, Queen Mary, wife of King George V, is said to have visited the gardens.
1880s – Ornithologist and expert on the fauna of the Balearics Thomas Littleton Powys, 4th Baron Lilford (1833 – 1896) introduces the little owl into England on the estate. His aviaries were said to “feature exotic birds from all around the world” and a species of European lizard, the Lilford’s wall lizard (Podarcis lilfordi), is named in his honour. The 4th baron is repeatedly mentioned in the works of Charles Darwin for his contribution to the study of the science of evolution.
1840s – Further changes to the building are orchestrated by the architect William Gilbee Habershon (circa 1818 – 1891). The Campaign to Protect Rural England described these Victorian extensions as “sensitive” in 2006 – a rare accolade given most additions to English country houses during this period were simply brash and vulgar.
1740s – The Palladian architect Henry Flitcroft (1697 – 1769) adds “outstanding” Georgian interiors whilst “respecting the hall’s Jacobean exterior.” He “softened and brightened” the building as a result and also “constructed the Georgian pavilions and additional storeys to the east end of the two wings.” Other works by Flitcroft can be seen at Bower House in Essex, Wentworth Woodhouse in Yorkshire and Woburn Abbey in Bedfordshire.
1711 – Lilford Hall is sold to the judge and Tory politician Sir Thomas Powys (1649 – 1719), Attorney General to King James II. Powys is best remembered for conducting the prosecution of the Seven Bishops in 1699. He is buried at Lilford.
1630s – Construction of the main exterior of what to this day remains Lilford Hall as a “Jacobean-style gentry house” by William Elmes (the younger).
1473 – The land that forms the estate is acquired by William Browne (1410 – 1489), a wealthy wool merchant and landowner from Stamford, from the estate of Baron Welles (who was beheaded by King Edward IV for treason). In 1495, “in a Tudor style,” he built a hall on the site and it passed to Robert Browne (1550 – 1633), the founder of the Brownists, ‘The Father of the Pilgrims’ and ‘The Grandfather of the Nation’ (of the United States of America).
Vast “fairytale” château in France’s Loire Valley for sale for ‘just’ £28 million in spite of having had £80 million spent already on its renovation; it was most famously owned by Madame de Pompadour
In 2017, a Lebanese-born, Monaco-based property developer named Edmond Baysari placed what selling agents Sotheby’s International Realty describes as the “most beautiful and majestic castle in [the] Loire Valley” on the market. It’s so big and so costly to maintain that it remains for sale still today.
Harvard educated Mr Baysari purchased the 102,257 square foot château for about £4.3 million in 1983 from the Parisian glassmakers Saint-Gorbain. It had been used as their company retreat from 1939 and had earlier belonged to Jeanne Antoinette Poisson – the official chief mistress of Louis XV from 1745 to 1751 and a woman better known as ‘Madame de Pompadour’ – in the years prior to her premature death from tuberculosis in 1764 aged just 42.
Providing “regally appointed” accommodation so vast that it is not even described in detail that includes around 50 bedrooms and a wine cellar capable of housing 30,000 bottles amongst other things, Château de Menars – or the ‘Palace Pompadour’ as some have nicknamed it – costs around £800,000 per year to run. In total, some £80 million has been spent renovating it “using the same methods” that the king’s mistress originally employed.
Of why he is selling, the heirless businessman’s lawyer, Jack Anderson, told Reuters in 2017: “[Mr Baysari] realises destiny is going to take him… His goal is to know that it’s in the hands of someone who’s going to continue the beauty of the chateau and maintain it.”
The 104 acres of grounds that surround the château includes vineyards yielding pinot noir grapes, “elegant” geometric grassed lawns and more than a mile of frontage to the River Loire. Classical sculptures and gazebos abound and there is, according to Reuters, “a cobbled courtyard large enough to land a helicopter” also.
During Baysari’s ownership guests at Château de Menars have supposedly numbered Prince Charles, Mikhail Gorbachev, Mick Jagger and President Ronald Reagan. Now, Sotheby’s International Realty point out: “We think this could be perfect for the creation of a luxury hotel complex… Or for the acquisition of an extraordinary and very large private property.”
His “English spoken” [sic] agent, Jean-Pierre Piganiol, seeks £27.6 million and according to Forbes, “several nine-figure offers from Russian and Middle Eastern billionaires looking for a trophy home” have already been turned down.
The Names & Numbers – Château de Menars, Loire Valley, Blois, 41000, France
1983 to 2017 – The sum said to have been spent on restoration of the Château de Menars is said to have been £80.1 million ($100 million, €91.4 million or درهم367.3 million). Annual upkeep costs are said to be £801,000 million ($1 million, €914,000 million or درهم3.7 million).
1983 – Sold to Edmond Baysari for 5 million francs or the equivalent of £4.3 million ($5.4 million, €4.9 million or درهم19.7 million).
1949 – Declared an Historic Monument of France.
1939 – Sold after his death by Mr Allard’s daughters, Blanche Lasserre, Yvonne Arnodin and Jeanne Goirand, to Saint-Gobain, the Parisian glassmakers, for use as their company retreat.
April 1912 – Acquired for 700,050 francs (about £27,400 at that time) by Félix Allard, a “contractor for public works.” He modernised the château and added mains water, hot air heating, gas lighting and electricity and features including a large gallery area.
1760 – Purchased by Madame de Pompadour (1721 – 1764) for 1 million livres (about £75,000 at that time). She “sold some pearl bracelets to meet the first payment” and commissioned the architect Ange-Jacques Gabriel to build two new wings on either side of the two existing pavilions on the property. Sadly for her, she never saw it completed as she died from tuberculosis in 1764.
1728 to 1732 – Stanislas Leszcynski (1677 – 1766), the King of Poland, stayed at Château de Menars whilst in exile as a guest of the Charon family.
1669 – Jean-Jacques Charon (1643 – 1718), son of Jacques Charon, “added two unequal wings to the chateau and considerably enlarged the estate.”
1646 – Commencement of the construction of a castle on the site by one Jacques Charon. It “composed of a main building and two symmetrical pavilions.”
Co-founder of Calvin Klein Inc. puts his 740 acre equestrian estate just an hour from New York up for sale for £81 million; about 65 stake winners and several horses that have competed at the Kentucky Derby have been produced there
“Murdered grocer’s son from the Bronx” Barry K. Schwartz and his childhood friend Calvin Klein co-founded the now world-famous fashion brand Calvin Klein Inc. in 1968 and sold it for £589 million in 2003.
Barry K. Schwartz with Calvin Klein.Barry K. and Sheryl Schwartz.
Aside from spending his ever-growing fortune on horses – one of which he named ‘Degenerate Jon’ (after his son) and another ‘Killer Diller’ (after his friend the media mogul Barry Diller) – Schwartz and his wife, Sheryl, purchased 673 acres of land to the north of New York City in Westchester County in 1979 for the back then far from insubstantial sum then of £2.6 million.
There, not that far from Belmont Park racetrack in the small residential hamlet of Granite Springs, after adding yet more land to take their “equestrian estate” to a grand total of 18 deeded parcels on 740 contiguous acres, the couple created a world-class equestrian establishment that they filled with thoroughbred racehorses. Facilities at ‘Stonewall Farm’ – as it is now known – have evolved to include a turf racetrack, riding trails, a 40-stall yearling barn, two 24-stall broodmare barns, round pens and 4board fenced paddocks and pastures with run-in sheds.
A year after cashing in alongside Klein, stamp collector Schwartz’s new home was completed on the property. It features 24,000 square foot of accommodation, 8 bedrooms and 8 bathrooms. There is a 2,200-bottle wine cellar, a pub, a two-storey library “that would delight any reader” and living spaces that “invites elegant entertaining, whether intimate or on a grand scale,” according to selling agents Christie’s International Real Estate.
Elsewhere in the grounds, there are 8 staff residences (to house the 30 employees that currently maintain the estate), a guest house and a caretaker’s house. Formal gardens, designed by Edmund D. Hollander in geometric French and Japanese styles, adjoin the house and there is a 60-foot long swimming pool within a 4,000 square foot pavilion also.
Stonewall Farm is situated just one hour from Manhattan, but now that Mr and Mrs Schwartz are spending more time at another of their homes in Santa Barbara, California, they have decided to sell. Of it, realtor Kathleen Coumou told The Journal News:
“It’s on one of the largest pieces of property that one can purchase in the county. It was so convenient for [the Schwartzes] to be on this farm, with all its privacy, and still be close to New York… [It’s] magnificently laid out, with a southern-looking main house and behind it, it’s like you’re in Kentucky. You see the pastures with the horses and lots of woodlands. It’s quite spread out – it feels like you’re somewhere else, not in Westchester County… You have gorgeous views – hills and ponds and horses and paddocks, and different levels of rolling hills… You certainly can’t see anybody else around.”
“[Stonewall Farm will be sold to] a billionaire, who could come from anywhere.”
The Names & Numbers – Stonewall Farm, Mahopac Avenue, Granite Springs, Westchester County, New York, NY 10527, United States of America
April 2020 – For sale for £80.7 million ($100 million, €92.1 million or درهم368 million) through Christie’s International Real Estate. Of why, they chose this sum, realtor Kathleen Coumou told The Journal News: “We did a very thorough appraisal of the property – the land and all of the buildings – and came up with a price of $110 million, and then we decided to round it down to $100 million.”
1999 to 2004 – Construction of main house, a “colonial-style manor” with a “white clapboard facade and a slate roof repurposed from the Yale Divinity School,” was completed to the designs of the New York architect Rebecca Rasmussen with an interior by the London based interior designer Kelly Hoppen.
2003 – Calvin Klein and Barry K. Schwartz sell their company to Philips-Van Heusen (now known as PVH Corp.) for £589 million ($730 million, €672 million or درهم2.7 billion).
1979 – Barry K. and Sheryl Schwartz pay £2.6 million ($3.25 million, €3 million or درهم11.9 million) for 673 acres of land. Of buying it, Mr Schwartz later commented: “”It was the easiest negotiation of my life. The seller asked $3.5 million, I offered $3 million and we settled on $3.25 million.” The couple purchased further land shortly thereafter.
1968 – Calvin Klein (born 19th November 1942) co-founds Calvin Klein Inc. with his childhood friend Barry K. Schwartz (born 25th May 1942) with a loan of £8,100 ($10,000, €9,200 or درهم36,700).
Vast Greek Revival style Pennsylvania mansion for sale for 56% less than it was marketed for in 2014; it comes with a pub in the basement
An extravagant and somewhat over the top estate in Pennsylvania is on sale for £2.96 million or 56% less than the £6.75 million sum it was listed for back in 2014.
Extending to some 11,377 square foot and consisting of 7 bedrooms and 8 bathrooms, Greek Revival style ‘Fatland’ – originally known as ‘Vaux Hill’ and known as such once again since 1990 – in Lower Providence, Montgomery County dates to circa 1843 and stands on the site of an earlier stone farmhouse. That building served as the headquarters of General George Washington in 1777 and also was used by General Sir William Howe.
Now set on a plot of just 11.29 acres, the Fatland Estate used to be significantly larger but was reduced by land sales to make way for an express highway, a housing development and 154 acres towards the expansion of the Valley Forge National Historical Park.
Barbara Safford speaking at the time of the 2013 sale of the contents of ‘The Fatland Estate’
The house as previously furnished
“Decorated in the rich French taste,” the house was stuffed to the brim with European antiques by an insurance tycoon named Robert Safford after he and his wife, Barbara, purchased it in 1990. The couple also altered ‘Fatland’s’ original asymmetrical composition with the addition of a west wing and end pavilion that mirrored the east wing and end pavilion and even added a pub to the building’s basement. After Mr Safford’s death in 2011, the property – which also includes an outdoor pool, tennis court and barn – was put up for sale in 2014 whilst separately, in 2013, Freeman’s auction house in Philadelphia held a sale of contents that netted £2.9 million.
After three years on the market and now with a significantly reduced asking price, Terese Brittingham and Tom McCouch of Keller Williams Realty Group are the agents currently handling ‘The Fatland Estate’s’ listing.
The Fatland Estate – The Numbers
November 2017 – For sale at a reduced price of £2.96 million ($3.95 million, €3.31 million or درهم14.50 million) after a pending sale in June failed to complete through Keller Williams Realty Group.
October 2016 – Relaunched to the market for £2.96 million ($3.95 million, €3.31 million or درهم14.50 million) through RE/MAX Elite.
August 2016 – Reduced to £3.7 million ($5 million, €4.2 million or درهم13.4 million).
February 2016 – Relaunched to the market for £5.248 million ($6.999 million, €5.866 million or درهم25.699 million).
September 2014 – For sale for £6.747 million ($8.999 million, €7.542 million or درهم33.042 million) through Kurfiss Sotheby’s International Realty.
July 1990 – Sold to Robert Safford and Barbara Harvey for £1.6 million ($2.1 million, €1.8 million or درهم7.7 million).
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Billionaire founder of Netscape has failed to sell his Palm Beach mansion in a year; it remains on the market for £105 million (or 754% more than he paid for it in 1999)
Four times married, a father of four and a collector of rather large gin palaces, Texan James H. Clark founded Netscape in 1994 and earnt $2 billion (the equivalent of $3 billion, £2.3 billion, €2.6 billion or درهم11 billion today) from that project when it was sold to AOL in 1998.
Clark paid just $11 million for a Palm Beach mansion named ‘Il Palmetto’ in 1999 (the equivalent of $16.2 million, £12.3 million €13.8 million or درهم59.5 million today) and spent four years renovating the 5.46-acre property. He placed it for sale for $137 million (£105 million, €117 million or درهم503 million) last August but has plainly failed to attract a buyer.
Built to the designs of the Swiss architect Maurice Fatio (1897 – 1943) as an “Italian Renaissance-style palazzo” in 1930, the house – which is also known as 1500 South Ocean Boulevard – is described by selling agents Sotheby’s International Realty as “without peer in Palm Beach.” The building was subjected to a four year renovation by Mr Clark, reportedly extends to around 44,200 square foot and aside from including 10 bedrooms, 14 full-bathrooms and 12 partial-bathrooms, also comes with a 20,000 bottle wine cellar and a second cellar for an additional 1,000 crates.
Architecturally “a series of pavilions connected by cloisters,” the main house is dominated by formal entertaining areas with 16th century carved ceilings and accessed from a private tunnel underneath the road is a 2-bedroom beach house with an infinity pool that “blends into the turquoise waters of the Atlantic Ocean.” To the other boundary, on Lake Worth, is a boathouse with motorised launches for two vessels and a 2-bedroom apartment above.
Penthouse with tower in prominent Knightsbridge landmark for sale for £8.25 million
A penthouse with a tower in a Grade II listed landmark triangular ‘flat-iron’ building on the border of South Kensington and Knightsbridge has gone on sale for £8.25 million ($10.51 million, €9.39 million or درهم38.62 million).
Created in 1991 to designs by Susan Walker Architects and involving the clever merger of two fourth floor flats as part of a £1.70 million scheme (the equivalent of £3.35 million, $4.27 million, €3.81 million or درهم15.68 million today), the 3,475 square foot apartment offered overlooks the Brompton Oratory and has a vista down the Brompton Road towards Harrods. It is within a building known as Empire House that was itself built between 1909 and 1916 to designs by Paul Hoffmann and was originally used by a German firm, the Continental Tyre Company.
Currently featuring a large reception room, a dining kitchen, 5 bedrooms, 5 bathrooms and a laundry on the building’s fourth floor, a tower with domed reception space from the sixth to the seventh floors and a private roof terrace on its fifth floor, the apartment comes with planning permission for internal rearrangement.
Held on a leasehold basis expiring 2142 and subject to a service charge of £20,550 per annum ($26,187, €23,391 or درهم96,211 per annum) according to agents JLL, a buyer will also have to pay a one-off charge of £12,054 ($15,360, €13,720 or درهم56,434) towards the cost of refurbishing the portered building’s lift.
Reconfigured Lancashire estate for sale for £4.25 million
Businessman Martin Higginson and his wife Maggie have reversed what has happened to most English country estates in buying back properties and land around their Lancashire home, Hay Carr at Bay Horse, near Lancaster. They are now selling the whole property with a price of offers over £4.25 million. (more…)
Salvage Europe sell part of Argentina’s contribution to the Exposition Universelle of 1889
To mark the 100th anniversary of the storming of the Bastille, between May and October 1889, Paris held a fair named the Exposition Universelle. The main symbol and the most iconic building at the Expo was the Eiffel Tower but now Salvage Europe are selling part of the first prize winning Argentine Pavilion with a guide price of £50,000. (more…)
The sale of a $100 million Californian estate with a catch
If you were to spend $100,000,000 on a house, you’d expect something impressive. I imagine you’d want acreage, vast amounts of space and something luxurious. Stunning views and a prime location would be a must but at the bottom of your list, no doubt, would be something that someone purchasing a place for even a $1 would expect – that being that you’d be able to actually move in.
