Is This the World’s Most Expensive Apartment?

We already know that the Monaco luxury real estate market is extremely unique, with Monaco property commanding a higher price per metre than anywhere else in the world.

Research released earlier this year, revealed that the buying price per metre for Monaco property was more than €41,000, in comparison to €25,000 for the world’s next most expensive city, London.

But these prices were dulled into insignificance last month when it was revealed that the penthouse of the Odeon Tower, currently being built overlooking Larvotto Plage in Monte-Carlo, has a price tag of €300 million.

This price is expected to make the five-floor penthouse the most expensive apartment in the world.

So what will the lucky purchaser get for his euro? The multi-storey apartment sits at the top of the first skyscraper to be built in the Principality since the 1980s, when its’ then ruler Prince Rainier, banned the construction of tall buildings over worries they were damaging Monaco’s character.

However, this ban was overturned by Monaco’s current ruler Prince Albert II in 2009, when the ambitious project to construct the 560ft tower just seconds from the water’s edge was given the green light.

The Odeon Tower’s penthouse is without any doubt the most coveted address within the new apartment block, boasting five palatial bedrooms, a kitchen on each floor, and its own fully equipped health centre.

The piece de resistance has certainly caught the imagination of the world’s press with its gigantic infinity pool, which can be reached by a slide from the balcony above.

Each room in the penthouse, which sits on the 45^th to 49^th level of the skyscraper, has floor to ceiling windows, and enjoys unparalleled views of the Mediterranean and the surrounding sites of Monaco. The interiors have been designed by award-winning designer Albert Pinto, with a contemporary look inspired by lead architect Alexandre Giraldi, who has designed some of the finest luxury properties in Monaco.

The penthouse also boasts a private home-cinema, sauna and a state-of-the-art home business centre.