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Derelict London Social Club to be Remade as $371M Mansion

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Photos via Daily Mail

A pair of billionaire brothers—no, not the Candys—have won planning approval to create a single-family mansion out of London's Cambridge House, formerly the clubhouse for the high-brow Naval and Military Club, better known as the In & Out. The club, with a membership roster that includes T.E. Lawrence, Rudyard Kipling and Ian Fleming, moved out in 1999. Originally completed in 1761 as a home for the Earl of Egremont, the building is slated to be returned to private use, with 45 rooms spread over some 60,000 square feet. In London's hyper-desirable Mayfair district, that much space is expected to fetch an astounding $371M, most likely from the sort of foreign buyers who have been feasting on U.K. real estate of late.

Tagged with politically charged graffiti in recent years, the potential trophy home will be outfitted with a ballroom, a 35,000-bottle wine cellar, an indoor swimming pool, and some of the grandest entertaining spaces in the city, all with park views. When finished, the house has a good chance of smashing the record for the most expensive home ever sold in England, although the Daily Mail claims an unnamed property is currently being whisper-marketed for nearly $450M.

· Mayfair club to be transformed into £250MILLION mega-mansion [Daily Mail]
· Inside Opulent, Oligarch-Worthy Projects by Candy & Candy [Curbed National]