Got half a billion crowns? The Czech Republic’s most expensive house is up for sale

The 10-year-old building has floors of semi-precious stones and French crystal chandeliers

Raymond Johnston

Written by Raymond Johnston Published on 28.07.2020 13:55:53 (updated on 28.07.2020) Reading time: 2 minutes

The Czech Republic’s most expensive property is on the market. A villa in an exclusive part of Prague’s Bubeneč district, filled with embassies and official residences, has luxuries not seen elsewhere in the country — and a price tag of 500,000,000 CZK.

The property is being sold by Yulia Romanenko, the wife of a former representative of the Russian petrochemical giant Lukoil.

While the modest red-brick exterior, with elements of Czech cubism, looks like a classic villa from the early 20th century, it was built just 10 years ago.

The garden and front yard are currently overgrown, and a glass panel on the entry gate is broken and filled with garbage. Dark green cloth on the exterior fence blocks a good view of the property. But if and when it is cleaned up, it could again look impressive.

bubenec house
Side view of the villa for sale in Bubeneč / via Raymond Johnston

A First Republic villa owned by painter Karel Svolinský was demolished to make room for the new structure. The original villa was supposed to have been renovated and expanded, but in the end nothing was left of the original structure.

The interior was designed to showcase luxury. The walls and ceilings are on marble and mahogany. Chandeliers are made of French crystal. The floors inlaid with semi-precious stones such as amethyst and pink onyx. The furniture and furnishings of the are from British interior designer Clive Christian. He is known for his kitchen designs in particular and also operates Clive Christian Perfume, which sells the world’s most expensive fragrance.

The villa’s first floor has a living room overlooking a garden, plus a large dining room and a kitchen equipped with Sub-Zero brand appliances. The second above-ground floor has five bedrooms, three large walk-in closets and four luxury bathrooms.

bubenec villa
Villa for sale in Bubeneč / via Raymond Johnston

The third above-ground floor has a study with its own kitchenette and an entrance to a large terrace. Below the garden level there are two floors with space for a wellness center, sauna, gym or another separate apartment.

The entire villa is controlled by a computerized system called Smart house. There is also a state of the art security system, with control panels covered in Swarovski crystals. The entrance uses fingerprint recognition instead of keys, and each room has a 360-degree camera.

The building is being sold because Romanenko has run into financial trouble. A Czech company owned by Romanenko called Izba has gone into execution, according to Czech daily Mladá fronta Dnes.

The property seizure, though, does not apply to the Bubeneč villa or an apartment on Veleslavínova Street, also owned by Romanenko.

The Chinese company CEFC, represented at that time by former Defense Minister Jaroslav Tvrdík, showed interest in investing in the villa five years ago, but the deal was never concluded. The deal ended in litigation, as a 50 million CZK deposit from CEFC was not returned.

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