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Living the Dream: Luxury Real Estate

Published: June 29, 2014 (Issue # 1817)



  • The interiors of the Castel di Notte are just as impressive as the vineyards surrounding the estate, but such extravagance comes at a price.
    Photo: Advecs / For SPT

The tallest tower in Monaco, a medieval castle in Tuscany or a mansion with a magnificent view of Palace Square in St. Petersburg for many years such homes seemed little more than an unobtainable fantasy for many Russians. Today, however, dreams such as these really can come true with the only question being how much money people are ready to pay for the luxury of living like a king.

While the current economic instability has caused a slight decrease in the number of customers interested in buying pricey, unusual buildings, the luxury residential real estate market still has plenty of opportunities to satisfy the most demanding tastes. The most expensive residential real estate in St. Petersburg falls within the socalled Golden Triangle, the area bounded by the Admiralteyskaya and Dvortsovaya Embankments, the Fontanka river and Ulitsa Gorokhovaya. Residential property accounts for just over half of all the property located in this area, with restaurants, offices and shops occupying the rest.

The list of St. Petersburgs most expensive districts also includes Krestovsky and Kamenny Islands, and the area surrounding Tavrichesky Palace, according to Penny Lane Realty.

We have seven listings in St. Petersburg priced at $10 million or higher, said Pavel Pikalev, head of Penny Lane Realty in St. Petersburg, speaking to The St. Petersburg Times. These are either renovated, furnished apartments or places like a reconstructed four-story mansion on the Moika Embankment with a view of Palace Square and the Hermitage.

There are also plenty of listings in nearby suburbs, mostly in the Kurortny district. Prices there depend on how far the property is from the Gulf of Finland, the size of the land plot and its landscaping, he said.

However, despite the large number of high-end properties on the market that are located close to the city center, it is not enough to entice some Russian buyers. Instead these buyers are beginning to look across to foreign shores for property purchases where entire islands, such as Wadigi in the Fiji Archipelago, can be bought. Occupying eight hectares, an island such as this is only 50 minutes by boat from the mainland.

On one hand, it is an ideal place for solitude, where a public figure can hide from unwanted attention, said Alexander Romanenko, president of Advecs Real Estate, speaking to The St. Petersburg Times. On the other hand, it is also a developed and successful business, which includes a five-star villa with three bedrooms and everything necessary for stand-alone accommodation.

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ALL ABOUT TOWN

Thursday, July 31


Develop your leadership abilities during a lecture by famous Russian author and coach Radislav Gandapas. The event starts at 9 a.m. at 5 Lodeinopolskaya Ulitsa. The price for entry is 20,500 rubles ($570).


Relax and enjoy a Parisian atmosphere with some romantic and laidback jazz tunes during the Night of French Music at Lenny Jam Cafe, 63 Ligovsky Prospekt. The entrance fee is 250 rubles ($7).


The Womens Business Club is hosting a Beauty Brunch where participants are invited to discuss the latest news in the beauty industry and listen to lectures by professional stylists in the business.



Friday, Aug. 1


Bikers from all around the world will gather to take part in a parade, extreme shows and rock concerts during the International Biker Festival that revs its engines today and runs through Aug. 3 near Olgino Hotel, 4/2 Primorskogo Shosse.


The Peter and Paul Fortress will be turned into an open-air cinema today and tomorrow as part of the 5th International Short and Animation Film Festival. A huge screen across the fortress walls will air short films non-stop with board games, photo sessions and other activities also on offer for visitors. For more information, visit www.opencinemafest.ru



Saturday, Aug. 2


Gatchina Palace Park Museum will host its second annual Night of Light, an impressive audio-visual show across the night sky. Tickets are 600 rubles ($16).


If graphic design is more your thing then check out Illustration Day, where you will be able to visit an exhibition, attend lectures by professionals and even show experts some of your own work. The event starts at noon at Zona Deystvia, 73 Ligovsky Prospekt. The entrance fee is 350 rubles ($10).



Sunday, Aug. 3


History lovers shouldnt miss the chance to see reenactments of World War I battles in Pushkin at noon. Besides exciting war scenes, visitors can enjoy live music, historical costumes, an equestrian show and a fancy-dress parade starting from the Moscow gates.


Garage Sale, the popular and growing flea market where nothing is priced over 500 rubles ($14.11), starts today at noon in Loft-Project Etagi, 74 Ligovsky Prospekt. Be sure to get in early to score a bargain. Entry costs 50 rubles ($1.40)



Monday, Aug. 4


Continue the working week with a calm and steady mind with a free yoga lesson at 7 p.m. in the Bukvoyed store at 23A Vladimirsky Prospekt.



Tuesday, Aug. 5


Visit The Romanov Dynasty doll exhibition today, where more than fifty porcelain dolls depicting Russian rulers, and made by Olina Ventzel, will be on show. The exhibition continues through Aug. 31 in Sheremetyev Palace, 34 Fontanka Naberezhnaya.



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