Luxury penthouse in Starnberg: 24 million for the perfect lake view!

Luxury penthouse in Starnberg: 24 million for the perfect lake view!

Wittelsbacher Straße 1, 82319 Starnberg, Deutschland - In Starnberg, a luxurious penthouse is created, which should leave nothing to be desired with a living space of around 850 square meters. Planned for the top floors of a new building at Wittelsbacher Straße 1, this extraordinary project will attract wealthy buyers through a price of 20 to 24 million euros. The entire building area comprises around 1,800 square meters and was approved by the city council in 2020, as sueddeutsche.de

In the new building, an existing building is torn down, which houses the "Schlosstheater" and a Vodafone shop. The new building will include a total of seven floors, with areas for businesses on the ground floor, while practices and apartments are located on the upper floors.

unique look and exclusive equipment

The penthouse offers an unobstructable view over Lake Starnberg to the Alps, guests can look forward to a prospect of 60 to 70 kilometers. Broker Oliver Herbst from “Immovision” describes the property as almost unique and, above all, expects interest from wealthy older buyers and younger people who want to return from large cities. A young billioner couple already shows interest because it takes up space for a collection of cars.

The planned equipment of the penthouse leaves hardly any room for wishes. A private elevator, a wellness and sports area, a home cinema, an outdoor kitchen and a pool are planned. In addition, a berths of the lake is planned. The possibility of selling commercial space separately on the ground floor or selling all rooms individually increases the attractiveness of the project, which is currently in the early marketing phase.

market development and challenges

The real estate market in Germany, especially for new construction projects, has proven to be more demanding since 2022. Political, economic and legal challenges have led to the construction costs and interest rates increase while the construction preparations are falling. Engel & Völkers notes that the prices for new apartments are stagnating in June 2022 and are 6,019 euros per square meter, which means an annual increase of 11.1 percent.

For the top 7 cities in Germany, the average offer price is now 9,929 euros per square meter, whereby the price in Munich has increased to 13,492 euros per square meter-an increase of 13.3 percent. Due to high interest rates, real estate financing becomes more expensive, which could dampen the demand. Nevertheless, the price level is stabilized, and the need for living space remains high until 2030, especially in regions with population growth.

The forecasts from market analyzes show that the current purchase retention should not be long -lasting, even if the offer remains scarce. The developments on the real estate market, in particular in terms of energy efficiency and sustainability, are becoming increasingly important in future projects.

The Starnberger Penthouse is not only a new yardstick for luxury properties, but also reflects the current market conditions and challenges. Further information on luxury real estate in Starnberg can be found on ImmobilienScout24.de