The Irish Government Seized The Most Expensive House In England After Its Owner Defaulted On $80 Million Mortgage

Ireland’s National Asset Management Agency just seized the most expensive home on the UK real estate market after its owners were unable to make good on an $80 million mortgage, according to The Daily Mail.

The mega-mansion, named Updown Court, is located just 25 miles outside of London and was recently listed for $123 million.

Owner Leslie Allen-Vercoe put the house on the market six years ago but has been unable to find a buyer, according to The Daily Mail. When contacted by reporters, Allen-Vercoe said he had no knowledge of the bank’s plans to put the estate into receivership.

The mortgage was reportedly provided by Irish Nationwide, which transferred many of its loans to the Irish government after it collapsed during the financial crisis.

Set on 58 acres of land, with 50,000 square feet of space, Updown Court is larger in size than both Buckingham Palace and Hampton Court Palace.

The behemoth home has five swimming pools, a $6 million marble heated driveway, a squash court, home theater, bowling alley, panic room, and much more.

 http://www.businessinsider.com/most-expensive-house-in-england-mortgage-default-2011-7#ixzz1S0VCnh3m

2nd Most Expensive House for sale

2. Tranquility (above)
Location: Zephyr Cove, NV
For Sale: $100 Million

Another most expensive homes veteran, “Tranquility” is the highest-priced listing in the state of Nevada. It also held the top spot on Zillow’s Most Expensive Homes list in 2009, until the Spelling Manor hit the market with its $150 million asking price. The 210-acre property, originally listed in 2008, is situated on its own private lake with a total of eight separate buildings including a 20,000-sq ft main residence. Also included on this rare piece of Zephyr Cove real estate is an art studio, boat house pavilion, gym with indoor basketball court, horse stable, two par-3 golf holes, and a 16-car garage. As if that wasn’t enough to explain the $100 million price tag, the prestigious property also comes fully furnished.

Shari Chase of Chase International is the listing agent.

Source: http://realestate.yahoo.com/promo/americas-most-expensive-homes-for-sale-2011.html

Bernie Ecclestone’s daughter buying most expensive house in the U.S.

Petra Ecclestone is the daughter of Bernard Charles Ecclestone, better known to the motorsports world as Bernie. Mr. Ecclestone is the president and CEO of Formula One Management, and his reported net worth is around $1.5 billion. Petra must get to play with a fair amount of that cash, because she just bought the most expensive house in the United States.

Originally listed at $150 million, the Holmby Hills mansion is a 57,000-square-foot property that includes a bowling alley, salon and 100-car garage. It was built by the late TV Producer Aaron Spelling, and his wife has since downsized to a 15,500-square-foot condo.

The home has been listed since 2009, and the asking price stayed at $150M despite the economic downturn. That makes sense, seeing as most people who can afford the property most likely managed to “stay afloat” during these rough times. Petra is one of those people, and it’s been reported that her first offer was $75 million. The actual sale price hasn’t been disclosed yet, but the deal is in escrow.

The large estate will serve as Petra Ecclestone’s Los Angeles home base. She also owns a six-story London home, which cost $90.9 million. It would seem that F1 is a good business to be involved in.

http://www.autoblog.com/2011/06/15/bernie-ecclestones-daughter-buying-most-expensive-house-in-the/

Beachside Luxury Home

1306881048
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130688104813068810481306881048130688104813068810481306881048130688104813068810481306881049130688104913068810491306881049Highlights
  • Bedrooms: 8
  • Bathrooms: 7
  • M2 Built: 1039
  • M2 Plot: 1775
  • Beach Side
  • Amenities Near
  • Transport Near
Brand new modern beach side Balinese style villa with guest house situated in one of the most exclusive gated urbanizations with security on the Golden Mile with a beautiful exotic garden and a pool and pond. A spacious courtyard leads to the main entrance. Built to high standards with a modern touch, the main house is distributed over two levels, and comprises: on ground level: living /dining room with fireplace opening on to a covered porch; modern kitchen; 2 bedroom suites and a guest toilet. Upstairs: spacious master suite with dressing room and terrace and an office/study. Lower level: large entertainment room or disco with bathroom; maids suite; ironing and utility room. A bridge leads to the guest house which comprises: open-plan kitchen; spacious living/dining room; utility room; guest toilet; lounge /TV room with access to a bedroom suite. Upstairs: 2 large bedroom suites. Lower level: open space; 2 bedrooms sharing a bathroom; store room; and maids suite. The main and guest house, both have under-floor heating throughout, installed air conditioning; dark wooden floors mixed with marble and tropical wood throughout. A unique property in one of the best areas!