# Paradise Penthouses Monaco is Home to One of the Most Luxuriously Renovated Residences By Chrystyne Leak | Published 2010-09-14 | Art & Design Source: Trend Hunter, https://www.trendhunter.com/trends/the-luxuries-of-monaco References: [luxist](http://www.luxist.com/2010/09/13/worlds-most-expensive-penthouse-sells-for-308-million-in-monac/) Monaco can now take the title of having the worlds most expensive residence. Only a month after London's $220 million penthouse was sold, Monaco has proven that it's $308 million penthouse was the leading contender as the [most expensive penthouse](https://www.trendhunter.com/trends/jz-apartment) in the world. La Belle Epoque, as it is called, was the former property of billionaire banker Edmund Safra. In 1999, Safra died from a tragic fire that took place within La Belle Epoque. British property developers [Christian](https://www.trendhunter.com/trends/christian-dior-spa) and Nick Candy spent $40 million to renovate the penthouse. This lavish space has three bedrooms, a double-height library, and even a panic room! ## Trend Insights (Trend Hunter) - Score: 6.8/10 - Popularity: 100% | Activity: 95% | Freshness: 8% - Audience gender: 50% men, 50% women - Primary generations: Millennial, Gen X - Top markets: North America, Europe, Asia ## Categories [Trend Hunter](https://www.trendhunter.com/trends) > [Art & Design](https://www.trendhunter.com/artdesign) > [Home](https://www.trendhunter.com/home) ## Key Themes ### Why This Trend Is Growing - **Luxury Real Estate:** Disruptive innovation opportunities in luxury real estate would involve the integration of advanced smart home technologies and sustainable design elements. - **Extravagant Renovations:** Opportunities for disruptive innovation in extravagant renovations lie in the development of cutting-edge materials, techniques, and technologies that push the boundaries of luxury living. - **Enhanced Security:** Disruptive innovation in enhancing security within high-end residences could involve the implementation of advanced biometric systems, AI-powered surveillance, and secure privacy features. ### Industries Being Reshaped - **Real Estate:** The real estate industry can explore disruptive innovation by leveraging technology to create more sustainable, luxurious, and secure properties. - **Architecture and Design:** Opportunities for disruptive innovation in architecture and design involve incorporating cutting-edge technologies and aesthetics to redefine the concept of luxury living spaces. - **Smart Home Technology:** The smart home technology industry can disrupt the luxury housing market by developing innovative solutions that seamlessly integrate advanced features and automation into high-end residences. ## Related on Trend Hunter - [Opulent UAE-Based Apartments](https://www.trendhunter.com/trends/sobha-realty.md) - [Ultra-Luxe Overwater Resorts](https://www.trendhunter.com/trends/the-private-reserve.md) - [Ultra Luxury Hotel Expansions](https://www.trendhunter.com/trends/rocco-forte-house.md) - [Modern Panoramic View Penthouses](https://www.trendhunter.com/trends/panorama-penthouse.md) - [Tall Beachfront Residential Buildings](https://www.trendhunter.com/trends/bentley-motors.md) - [Recreated Retro Symmetric Casinos](https://www.trendhunter.com/trends/casino-royal-palm.md) - [Diamond-Inspired Luxe Skyscrapers](https://www.trendhunter.com/trends/villa-miami.md) - [Cylindrical Furnished Penthouses](https://www.trendhunter.com/trends/one-park-drive.md) - [Waterfront Fashion Homes](https://www.trendhunter.com/trends/maison-margiela-residences-dubai.md)