On Protest’s Main Street, Penthouse Has Pricetag of $50M

By JTA August 9, 2011

While hundreds of thousands of Israelis take to the streets to protest the high cost of housing, a penthouse on Tel Aviv’s Rothschild Street is on the market for $50 million.

It’s the highest price ever charged for a home in Israel, the Berggruen Group, which is selling the two-floor apartment, told Ynet.

The apartment, on the 36th and 37th floors of the Meier on Rothschild Tower, will not be completed for two more years. It includes a 23-foot-high living room, an internal elevator, a Jacuzzi, four parking spots in the underground parking area, four storerooms and private cells in the wine cellar, according to Ynet.

Other apartments in the building have sold for between $5.6 million and $17.5 million, with one apartment going to Nat Rothschild, the great-grandson of Baron Edmond de Rothschild. The street on which the tower is built is named after the baron.

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