Israeli Real Estate: $50 Million Apartments

A $50 million penthouse is on sale in Tel Aviv in a new building, The Meier-on-Rothschild a 42-story tower, located at 36 Rothschild Boulevard, and is slated to open in early 2014. The building’s nickname is The Palace in the Sky, and the $50 Million gem is on the 38th and 39th floors.

“We’ve been successful in our effort to stretch the boundaries of luxury residential buildings in Israel by designing the most luxurious penthouse in Israel, The Palace in the Sky,” said Yigal Zemah, CEO of Berggruen Residential.

Tel Aviv real estate continues to explode, and many American investors including Ron Hershco look at Tel Aviv for investments.

Meier-on-Rothschild contains 141 units boasting 10-foot (3 meter) ceilings and unparalleled views. Each 8,450-square-foot floor (785 sqm) can be a single residence or divided into two or four units, and will feature 540 square feet (50 sqm) of outdoor terraces, and a “Smart Home” system for controlling electric, communications and security functions. Amenities include a luxurious spa, fitness center, relaxation lounge, treatment room, a 25-meter swimming pool, Jacuzzi; and a wine cellar that will double as an entertaining facility, and a 24-hour concierge services to assist the tenants. For more information, visit:

Filed Under: Business


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