$70 Million Buys Peak Views And Privacy Above Bustling Hong Kong

With a location called Cheuk Nang Lookout within the high-end residential area known as the Peak, this single-family residence in Hong Kong delivers on unobstructed views. Nestled in greenery, the home looks out over the sea and faraway islands while the south side of Hong Kong fills the expanse below.

Inside, the place is palatial. Elegant marble surfaces are seemingly everywhere—the floors, walls, stairs, kitchen and bathrooms. Ceiling medallions top opulent chandeliers.

“It’s not typical architecture being almost Chateau-style,” says Letizia G. Casalino, executive director of the real estate company OKAY.com, “but you can find atypical houses like these at the Peak—especially for houses built in 2000 or earlier.”

The main living room brings to mind a European-style ballroom with intricately inlaid flooring, stone columns and elaborate paneled ceiling. A wall of windows faces south. Scrolled and gilded ironwork frames the staircase.

The fully outfitted modern kitchen has a waterfall center island, high ceilings and a smooth surface cooktop.

The 4,278-square-foot villa includes six bedrooms and four bathrooms. Among them is the primary suite with a spacious walk-in closet, decked-out bathroom and private veranda.

Blue tile edging surrounds the swimming pool, which has a stone deck and clear railings to bring in the views. Multiple verandas provide more outdoor living space.

Listed at HKD 550 million or about USD 70.3 million, the price is in keeping with recent home sales at the Peak. Casalino cited four closings this year of similar-sized homes going from HKD 560 million to HKD 860 million.

The home’s immediate neighborhood is largely filled with owner-occupants. “It’s very quiet and very private,” she says. “It’s not on the fog line, which can often be a drawback at the Peak.” The only direct neighbors are the two other houses located on Cheuk Nang Lookout.

Not on a public transportation route, the property is about a 10-minute drive from the newly renovated Peak Tram and Peak Tower viewing platform. Without traffic, it’s a 15-minute drive to the business district at Central or the Causeway Bay retail hub, she says. “Homeowners at the Peak usually drive or have drivers.”

Casalino expects the buyer will come from those seeking a personal residence. “The house can be kept ‘as is’ but I wouldn’t be surprised if the new owner refurbishes the interior completely and keeps the exterior only.”

Joshua Miller of OKAY.com is representing the property.

This post first appeared on Forbes.com. To see the original, click here.