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Most expensive home in world; 10 bedrooms, 35 acres, 15,000 plants and 20 greenhouses on French Riviera ... for [euro]1BILLION.

Byline: NICOLA BARTLETT

A FORMER royal residence on the French Riviera is going on sale at [euro]1billion - the world's biggest price tag for a home.

The 10-bedroom mansion once belonged to Belgian King Leopold and famous guests included Liz Taylor, Richard Burton and Charlie Chaplin.

The Cedars comes with an Olympic-size swimming pool and is set in one of the most beautiful gardens in Europe, including 35 acres of lawns, 15,000 plants, and 20 greenhouses.

And all with a glorious view of the Mediterranean in the billionaires' playground of Saint-Jean-Cap-Ferrat, close to Nice.

The mansion has been owned by the Marnier-Lapostolle family, best known for the Grand Marnier cognac liqueur, since the 1920s. But, after a takeover by Campari, it is now up for sale.

Suzanne Marnier-Lapostolle who currently lives there is hoping for a buyer who will care for the house that has been in the family since 1924.

Some 15 professional gardeners are currently employed by her full time, and she hopes all will be kept on.

But there are fears that speculators will move in, and build new hugely expensive properties in the gardens.

"Everything needs to be done to prevent that," said an estate agent in nearby Monaco who has already received enquiries about the property.

He added: "We have not received any instructions to sell the Cedars.

"These kind of properties tend to be marketed very discreetly."

The neighbourhood is home to composer Andrew Lloyd Webber and US tech tycoon Paul Allen. Movie golden couple Brad Pitt and Angelina Jolie have stayed next door.

The price tag dwarfs the most recent high-profile property deal in the area in 2008, when Russian oligarch Mikhail Prokhorov offered [euro]370million for Villa Leopolda.

The magnificent mansion in Villefranche-sur-Mer, next to Saint-Jean-Cap-Ferrat, was owned by Lily Safra, who had inherited it from her banker husband, Edmond Safra.

Mr Prokhorov pulled out of the sale after the 2008 financial crisis, leading to Mrs Safra suing him to keep the deposit of [euro]38million which she has said she will donate to charity.

nicola.bartlett@trinitymirror.com

CAPTION(S):

palace on med Sumptuous home needs 15 gardeners

VIP GUEST Movie queen Liz Taylor

LUXURY Sitting room is elegant and very "old money"

PRIME LOCATION Cedars sits on a hill above shoreline

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Title Annotation:Features
Publication:The Mirror (London, England)
Date:Aug 20, 2016
Words:382
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