Friday, May 23, 2008

Another Damn Residential Real Estate Record

Hold on to your britches bitches because while hairiffic billionaire Donald Trump preens to the press about the sale of Maison de L'Amitie in Palm Beach for a reported $100,000,000 (we're still hearing $90,0o0,000, but what does Your Mama know?) another elephantine real estate transaction is reported to be going down in London's ritzy West End that makes Mister Trump's high octane deal look like a damn cardboard box is changing hands.

According to tawdry British tabloid The Sun, a gigantic Georgian style house on super swank Kensington Palace Gardens is thisclose to being sold for £117,000,000, a staggering number which Your Mama's bejeweled and bedazzled abacus reveals converts to a record breaking and mind numbing $231,207,210.

The Sun goes on to gossip that the rumored buyer of the behemoth brick pile, which happens to sit just a few doors down from Princess Diana's former home, is none other that Indian born billionaire and steel magnate Lakshmi Mittal, a ridiculously rich man who already owns a large and lavish 12 bedroom spread on Kensington Palace Gardens that he bought in 2004 for a reported £67,000,000. (That's $132,400,710 at today's rate, kids.)

Although Moneybags Mittal denies being the buyer for the six story single family residence, The Sun reports he has recently been rooting around the better districts of London looking to pick up an expensive house for his 32 year old son Aditya. The article also states that the house is currently owned by American ex-pat hedge hog Noam Gottesman and that the big deal includes all the furnishings and an art collection, a situation that will certainly spare Mister Mittal the Younger the trouble of finding a nice gay decorator to do the place over.

Which is sort of a shame really, because Your Mama imagines that a re-do by Mister Mittal the Younger would employ dozens of decorators, designers, architects and artisans for several years to come.

But before all the fancy fey decorators start ringing up Mister Mittal's people begging for work, let's wait and see if there will be any confirmation about whether this huge house was bought by the steel baron after all.

58 comments:

grosse pointe brat! said...

Whacha gone-a-do mittal that money anywho??? Just asking?

Viva! said...

Real. Estate. Orgasm.

bentley said...

Holy shitballs!

Anonymous said...

I know as Mama's says" Who are we to question the rich and the famous" but seriously, this is too much!

so_chic_darling said...

It's not shocking,it's the new normal.London and New York will continue like this.The price increase of apartments in Manhattan has been 48% from this time last year,the average price for a Manhattan apartment is now 1.6 million!

Anonymous said...

For those who just can't get enough:

A slideshow of London's 'trophy homes'.

lil' gay boy said...

Gee, and I feel so poor I could only find this for NYC.

Anonymous said...

Londinistan is near

Anonymous said...

10.40 - That Telegraph Link is outdated - It's from 2 years ago & doesn't take into Account current prices of 2008.


It was reported in the Times a few weeks ago that Mittals Son was looking for a property on Kensington Palace Gdns & had offered Jon Hunt £200M for his property & had approched various embassies to sell. It also mentioned a home would be coming on the market shortly which I assume is this one - An apartment in St James's sold for £115M a few weeks ago setting a new record so if this place sells at £117 it's just beating it ... but of course once Russian Roman finishes his place in Lowndes Square it's going to be worth £150M apparently.

pch said...

I knew Mama's abacus was bejeweled -- but has it always been bedazzled, too? It's a wonder any of those beads can move :)

I like this house. If I were doing it from scratch I'd dial down the scale of the quoins just a notch. But it probably can't be changed and I could deal.

For that kind of money, though, I'd want to back to the park, not an apartment house. Maybe I'm wrong on that count -- but from an aerial view, it looks to be down by mid-rise buildings and all the shops on Kensington High Street.

StPaulSnowman said...

The proportions, the architrave, the arch and the stone and brick are all magnificent. It makes you harken back to a time when these houses were young and could be enjoyed in and of themselves.....separate from their cost and owners. This house is a joy to behold.

Anonymous said...

11:17, ok thanks. I tried. Sorry about that :)

Alessandra said...

Fabulous! I want it.

Anonymous said...

^

Don't be silly! I was just letting everyone know - The Upper Phillimore property in the link for £25M is the one Mama featured a few months ago that is now £80M ... The prices are just far greater now compared to then.

Flora said...

PCH, it may be backing onto an apartment block, but it does face onto the Palace, and the main courtyard entrance at that. Should the new owner wish to gawp at the comings and goings of minor royals and their numerous staff, dogs, cars and shopping deliveries, they will be in telescope heaven.
The house itself is very handsome from the outside, and no doubt has every luxury on the inside. All the same, it seems a steep price to pay for a property with such a very small garden, and it is one of the smallest plots in KPG. I wonder what Papa's larger site is worth now?

lil' gay boy said...

PCH,

Is this more what you'd have in mind for a "quoinset hut?"

;-)

Anonymous said...

Is this the Indian billionare that is building the 2 billion dollar house(aka high rise building for himself in Mumbai)???

StPaulSnowman said...

lgb; great link. Marvelous interiors but don't you think the London shack has more beauty from the "curb"? Those grill gates are amazing. Do you know the ones from the Breakers?.......they are amazing. I guess it is just New York City streetscape, but for that kind of dosh I would want to be able to see the house without the distraction of its neighbors.

Anonymous said...

Is this the Indian billionare that is building the 2 billion dollar house(aka high rise building for himself in Mumbai)???

No. That's the Ambani family.

Bob said...

check this out

this is a real lesson for investors

http://tinyurl.com/3j9vus

Anonymous said...

That is a staggering amount, but this is some nice Georgian.

Parker said...

This is fabulous, but being a simple girl, it kind of makes me yearn for the unattractive $9MM Malibu house. Save a lot of money that way, and still have plenty leftover to raze and rebuild... and plenty leftover still for a city home. I'm not into the idea of maintaining a behemoth.

lil' gay boy said...

Parker,

I'm with you on that one.

It is lovely, and laden with history, but it is rather an unwieldy behemoth, isn't it?

Anonymous said...

It just makes LA property that celebrities live in look like shame. There are far better places to live in the world than LA - 18,000 people in LA die due to the pollution alone.

wreckingball said...

Frankly I'm scared of a naked bongo beating Matthew McConaughey, so I'd need to choose another part of Malibu.

Anonymous said...

check this out 



this is a real lesson for bob


http://tinyurl.com/yqlpmt

Anonymous said...

This is one of the smallest homes on the street. KPG is literally a street of Palaces.

average joe said...

here is a new one Jay Z and Beyonce's new home.

average joe said...

link

http://www.tmz.com/

Anonymous said...

Average Joe, not now, not today. Please don't interfere here. You craete chaois that serves no constructive purpose.

average joe said...

anon 10 54

FUCK OFF AND DIE

I HOPE YOUR WHOLE FAMILY GETS CANCER AND DIES WITH BLOOD COKMING OUT OF THEIR ASSHOLES

YOU FUCKING PIECE OF SHITE WHO THE FUCK DO YOU THINK YOU ARE ?????????

average joe said...

anon 10 54

WHO THE FUCK MADE YOU KING ??

IT IS ASSHOLES LIKE YOU THAT FUCK IT UP FOR THE REST OF US !!!!!!!!

YOU FUCKING PRATTTT!!!!

average joe said...

anon 10 54

ALL I SAID WAS THAT THIS IS THE LINK TO JAY Z AND BEYONCE S MEW HOME

SO FUCK YOU !!!!!!!!

average joe said...

anon 10 54

I just took my meds.

I am sorry for my rude remarks but I am not here to cut down the RE market, all I did was give out a link for beyonce's new home

I wish you and your family well.

but your remark was wrong this time.

If you notice I have not been on here for a week.

good day to you

average joe said...

How can I delete my rude comments, I am ashamed of what I just posted.

Anonymous said...

Look for the little trash can, get inside and then click on it.

average joe said...

So where is the trash can, how can I get to it ?

thanks

Anonymous said...

go to your comment....the little trash can is at the bottom of the field

average joe said...

Well I tried but the trash can icon, it is not there

For the record I went way overboard on my very rude comments.

If they can be erased let me know how ?

I do not have an account so maybe that is the problem

good day

average joe said...

anyway here is the link to beyonce and jay z's new home

http://tinyurl.com/3mjpor

I hear they bought it for a large sum of money.

On another note realtors are offering no money down loans for the summer so I am going to get in on this RE wave and get a few properties because prices are sure to go back up.

lil' gay boy said...

Average Joe,

I know what it's like to want to delete a comment; you have to be a registered user for it to appear; that means creating a profile, which you may not want to do.

Good luck; everyone has a right to be here.

Anyone have any links to the interiors of other "homes" on this street? It would be interesting to compare how the stack up . . .

Anonymous said...

People on this street don't open their homes up to magazines! These homes don't even go on the open market.

Live from London said...

We now know children that average joe is English,not American.How can you tell?The spelling of shit as shite is a spelling and pronunciation specific to the north of England and to the working class.

Anonymous said...

Instructions for Joe on how to delete comments -

http://tinyurl.com/yqlpmt

StPaulSnowman said...

I thought the use of "pratt" made it obvious he was British. There are photographs of houses in this area in the Vendome Press book "Great Houses of London'. Many of the photos are vintage but they reveal the interiors as magnificent as the exteriors.

lil' gay boy said...

Thanks, Snowman;

That one's not in my library - yet.

StPaulSnowman said...

My pleasure! I hope you enjoy. For hors d'oeurves consider the new Marcus Binney book "In search of the Perfect House" This is a veritable encyclopedia of English residential architecture. All exterior photos but well worth the investment. There is a great shot of Evelyn Waugh's house Piers Court.

Anonymous said...

celebrity LA real estate is too small - bring on more London Mansions.

Anonymous said...

Great example of Georgian architecture. Love it, but who would have ever thought we'd see the day when even $230 million barely bought you 20 feet of street frontage in some places. A kind of makes you wonder insight I just couldn't let pass.

Anonymous said...

I bet the place is full of rodents

StPaulSnowman said...

You may be correct............but I bet they are well-spoken, genteel rodents......and probably quite reserved.

Anonymous said...

live from & stpaul, joe/ed is american. don't let those posts fool you.

Anonymous said...

where is mama? im suffering from withdrawls here the past days.... stop fighting ya'll are driving mama away from us!

Anonymous said...

mama is probly just finalizing commitment........"adoption".......papers for joe/ed/bob/debby/didiforgetanynames.

Anonymous said...

i actually live a few doors down from this house and i back onto the park and i absolutely adore it

Anonymous said...

Do they actually say........."a few doors down" in this "neighborhood"? I think not. I would do the curry-stained terlits in this place just to soak up its beauty.

Anonymous said...

1:59 PM - in the basement paying $100k?

Anonymous said...

11:42 PM - No. We have delivery cartons on the curb here too. My American cousin recommended it as he always lives in the best neighborhoods for next to nothing that way.