Wealth Blog

Finance Blogs » Wealth Blog » Rich reach new heights

Rich reach new heights

By Judy Martel · Bankrate.com
Wednesday, April 16, 2014
Posted: 6 am ET

The rich like to think they can only go up and that's reflected in the lavish skyscraper apartments developers are designing just for them.

Four of the top 10 trophy apartments for the rich are in New York City. Photo credit: © Beboy – Fotolia.com

Four of the top 10 trophy apartments for the rich are in New York City. Photo credit: © Beboy – Fotolia.com

Wealth-X compiled a list of the 10 most luxurious trophy properties around the globe for residents who like to be on top of all the amenities of city life.

"Flagship developments provide services and facilities such as spas, wellness and restaurants that you wouldn't normally get in a house, all within walking distance to the city's restaurants and culture instead of being out in the sticks," Joanna Leverett, head of international new developments at global real estate firm Savills, told Wealth-X.

'I'll take Manhattan'

Topping the list is One Hyde Park in London, where the penthouse reportedly sold for $226.9 million. Average price per square foot in that building is a whopping $9,906, but residents enjoy a private cinema and squash courts.

In the U.S., Midtown Manhattan is the height for the high-net worth and comes in second on the global list. The building, 432 Park Avenue, is scheduled to be completed next year and will be the tallest residential building in New York. Its six-bedroom, seven-bath penthouse with a library will be on the market for $95 million.

One57, also in Midtown, is third on the list and currently billed as the tallest residential building in New York. The average price per square foot of this 95-unit building is $6,000.

Rounding out the top five on the list: South Bank Tower in London comes in at No. 4, followed by Tour Odeon in pricey Monaco. Four of the top 10 buildings on the list are located in Manhattan.

Miami makes the list at No. 9, with One Thousand Museum Condos on Biscayne Boulevard. Due for completion in 2018, its penthouse will set a buyer back $45 million and the average price per square foot in the building is $1,100. Naturally, the building's amenities will include a sunbathing terrace overlooking the city skyline.

What are the latest housing trends this spring?

Keep up with your wealth and mortgages and follow me on Twitter.

Get more news, money-saving tips and expert advice by signing up for a free Bankrate newsletter.

Bankrate wants to hear from you and encourages comments. We ask that you stay on topic, respect other people's opinions, and avoid profanity, offensive statements, and illegal content. Please keep in mind that we reserve the right to (but are not obligated to) edit or delete your comments. Please avoid posting private or confidential information, and also keep in mind that anything you post may be disclosed, published, transmitted or reused.

By submitting a post, you agree to be bound by Bankrate's terms of use. Please refer to Bankrate's privacy policy for more information regarding Bankrate's privacy practices.