A new residential project in Prague 6 appears to be going beyond the usual boundaries of what is seen as a luxury, with its total value estimated at over CZK 1bn.
“The price of hyper-luxury real estate starts at around CZK 150m,” the project’s architect Jakub Masak told Hospodářské noviny. “There are very few of these properties on the Czech market, though interest in them is growing at a far faster tempo.”
The most expensive of the new villas will likely cost CZK 350m, with the construction of the first phase due to begin next year.
The three-floor building will offer 750 sqm of space, including a glass stairway, a private park and an elevator.
Five mansions of between 430 sqm and 530 sqm will then be built worth CZK 750m, each of which will feature a historic stone fireplace and hand-worked beams. The project also calls for a 4,300 sqm common area.
Future owners should be able to use the area with almost half a hectare of common areas in addition to their own garden. Up to five horses can be stabled and an outdoor riding hall is also planned. The names of the houses will be Secrets, Desire, Nobles, Freedom, and Purity.
The house also has a private park with 50-year-old trees, which come from a renowned Belgium horticulture, the Netherlands and Germany. Ateliér Krejčiřík took care of the landscape solution.
Masák & Partner Group studio has been on the market since 1996. A significant part of their architectural and design activities focuses on heritage sites preservation.