What are the most expensive streets to live on in the world?
It’s true that there are many
places in the world that are known to be reserved for only the richest and most
famous people to live on. While some may immediately think that the most
expensive real estate is somewhere in Beverly Hills, that hot real estate
paradise doesn’t even make the list of the top three most expensive places to
The most expensive street to live on is in Monaco
and it is Avenue Princess Grace, which has been named after the classic actress
Grace Kelly, who was also a Monacan princess. Besides only those from the
richest Middle Eastern families, this street is also where Russian billionaires
and members of the Monacan family call home. The average price for living on
this street was set in place by a 4-bedroom home that went for $41 million
dollars, which was about $17,750 per square foot.
Severn Road in Hong Kong makes its way to second
place on the list of the most expensive streets to live on. It is on this
street, which was named after Claud Severn that an apartment which sold for $38
million dollars set the record for this neighborhood. It’s in Hong Kong’s
richest district, which is known as The Peak and prices here average at about
$11,200 per square foot.
Fifth Avenue in New York City ranks as the third
most expensive street to live on and is also home to the most expensive shopping
district in the world. This street is not only known as a separator of New
York’s East and West streets but it’s also known as the famous strip that runs
from Washington Square to Harlem. In 2005, an apartment that was attached to the
Plaza Hotel sold for $44 million dollars and it was sold to known millionaire
Rupert Murdoch. If you want to see what life in this ritzy part of New York is
like, it’ll cost approximately $7,500 per square foot.
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