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The nearly 200-year-old mansion in the South of France that once reigned as the most expensive home in the world has found a buyer.
A mystery buyer has agreed to pay €200 million (US$221 million) for Villa Les Cedres, an imposing 18,000-square-foot mansion in the French Riviera town of Saint-Jean Cap-Ferrat, the owner, Italy-based beverage company Campari Group, said in a statement on Thursday.
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Campari Group, maker of the eponymous dark orange bitter, acquired Villa Les Cedres in 2016 when it bought Société des Produits Marnier Lapostolle, the maker of the famed orange liqueur Grand Marnier.
Campari put the lavish estate up for sale almost immediately, asking €350 million—making it the most expensive home for sale in the world at the time. Over a year after it hit the market, a developer in Los Angeles announced plans to market a newly built megamansion for $500 million.
And while the sale—which is expected to close by November, according to the release—is certainly one of the most expensive home sales in France, it’s still €75 million less than Saudi Crown Prince Mohammed bin Salman reportedly paid for a chateau in the suburbs outside of Paris.
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Villa Les Cedres is no less impressive. The 14-bedroom home was built in 1830 and belonged to Belgian King Leopold II before selling to the Marnier-Lapostalle family, the creators of Grand Marnier in the 1920s, according to Bloomberg, which toured the mansion in 2017.
Today, the palatial home stands at the center of a 14-hectare (35-acre) botanical garden the French family created and curated over nearly a century.
One member of the Marnier-Lapostalle family still lives in the ornately decorated mansion and will move ahead of the final sale, according to Campari, which added that “after the sale, the Villa is intended for private use.”
This article originally appeared on Mansion Global .
