$486 Million House Up For Sale in London

By Megan Gibson | @MeganJGibson

As the rest of Britain struggles through an economic downturn, London’s real estate market for the super-rich appears to be flourishing: a house with an asking price of £300 million — or about $486 million — is on the market for what’s believed to be the highest asking price of any home in Britain’s history.

The west London property, which borders Hyde Park, has apparently been for sale several months, although only a select few have been invited to bid on it. Hardly surprising, considering there’s only a handful of people in the world who could afford such an estate, which is going for more than double the price of Britain’s next most expensive home, the 300-year-old Park Place estate in Henley-on-Thames, which sold last year for $227 million.


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