A perfectly appointed property just steps from the French President’s residence. With beautiful volumes, classic features and a coherent floor plan that could benefit from some updating. The residence can easily be adapted to move the kitchen adjacent to the living room / dining room, to create a perfect entertaining space with fireplaces in each room and a large eat-in kitchen. The plan can also accommodate three bedrooms, each with its own bath, and good separation between the bedrooms. Located on a high floor with windows on both sides allows abundant light into every room.
This property would be exceptional value as a pied a terre in ’ toniest district with a good rental investment potential. • Elevator building with parking, a Gardienne, and a cellar • On a quiet street yet one minute walk from prestigious rue Saint Honore • Two minute walk from Elysee Palace and four minute walk to Champs Elysees • Great rental income property • Good for family with bedrooms at separate sides of the apartment
: 8th arrondissement
The epicenter of luxury shopping, 5-star hotels, 3-star Michelin restaurants and glamorous clubs, the 8th is the flashy side of with property prices to match. While most of the bling and glitter stays within the golden triangle- bordered by three stations, Étoile, Concorde, and Pont l’Alma – throughout the rest of the 8th one finds neighborhoods with a more urban feel and every-day shops and markets. The area around Parc Monceau is especially sought-after as it is calm, residential, and consistently beautiful buildings.
Average price: €10,239/m2; +3.2% over one year; +31.5% over 10 years
The golden triangle of Etoile-Concorde-Alma has gone platinum. A luxury apartment on avenue Montaigne can sell for €25,000/m² and up, and on neighboring streets prices are not far behind in this an area that particularly attracts foreign buyers in addition to residents. Apartments larger than 200m² are plentiful in the historically wealthy district around avenues Hoche and Friedland, and so are relatively reasonable prices. Average price: 10,239 €/m2, ranging from 7,314 € to 20,359 € /m2 depending on the area.
Current Market Prices — 8th arrondissement
|Neighborhood||Price/m2 in euros|
|Champs-Elysées||€ 9,410||€ 14,888||€ 29,615|
|Faubourg-du-Roule||€ 7,605||€ 10,463||€ 15,430|
|Madeleine||€ 7,742||€ 10,560||€ 16,885|
|Europe||€ 6,980||€ 9,631||€ 14,877|