Villa belonging to Lagerfeld, located near Paris, recently sold for approximately 5 million euros.
In a significant turn of events, the historic villa of the renowned fashion designer Karl Lagerfeld in Louveciennes, France, has been sold at auction for €4.685 million ($5.4 million). The property, which was closed for several years following Lagerfeld's death in 2019, was meticulously renovated by the designer during a four-year period.
Originally built in the 19th century, the neoclassical mansion spans approximately 600 square meters (6450 square feet) and is set within a two-hectare wooded park. The villa, historically notable as it once belonged to poet Leconte de Lisle and members of the Rothschild family, boasts elegant salons, a study, several bedrooms, four bathrooms, an elevator, a pool, a pool house, a tennis court, and several outbuildings.
Lagerfeld, known for his unique style and obsession with detail, undertook the renovation of the villa with great care. Despite spending four years on the project, he reportedly only spent one night in the main building, preferring to sleep in the adjacent glass pool house, an elegant cube with integrated kitchen, bedroom, and sauna. The pool house also features a fenced lawn area that was once the play area for his cat, Choupette.
Meanwhile, a Parisian apartment belonging to Lagerfeld was also recently sold. The exact sale price of the apartment is not specified, but it is reported to have been sold for double its estimated price of €5.3 million. The notary's office announced the sale, but it is not yet final as a higher bid could be made within the next ten days.
It's important to note that the Parisian apartment is not the same as the villa in Louveciennes. The sale of the Parisian apartment occurred after the sale of the villa in Louveciennes, France. In 2024, Lagerfeld's Parisian apartment was put up for auction.
The sale of the villa in Louveciennes marks the end of an era, as the property is now in new hands. However, the villa remains a testament to Lagerfeld's unique vision and impeccable taste, showcasing luxury combined with discreet elegance and meticulous design. The villa's new owners will undoubtedly appreciate the property's rich history and the designer's lasting impact on its transformation.
- The proceeds from the sale of the villa might be used by its new owners for investing in the housing-market, specifically in real-estate properties, given the significant return on investment seen in the sale.
- Simultaneously, the sale of Lagerfeld's Parisian apartment showcases the demand for high-end real-estate, with the property fetching double its estimated value at the auction, demonstrating a robust finance market for such luxury properties.
