47 Grosvenor Square.Courtesy of Wetherell
- A residence at 47 Grosvenor Square once used by Jackie Kennedy Onassis' family sold within 24 hours of hitting the market. A Saudi billionaire bought it for $22 million.
- Grosvenor Square is an enclave in London's affluent Mayfair neighborhood.
- The apartment is considered a "trophy property" at 5,000 square feet with a 60-foot-plus balcony.
You know real estate is hot when it only sits on the market for 24 hours. It also helps if the property has a glamorous history — and high-profile former residents.
That was the case for the first-floor apartment at 47 Grosvenor Square in London's affluent Mayfair neighborhood. The property, which was once used as a London home by the Onassis family, including Jackie Kennedy Onassis, hit the market with an asking price of nearly $30 million. Within 24 hours, someone had scooped it up for $22 million.
Wetherell, the real-estate agency behind the deal, kept the buyer's identity anonymous but acknowledged the new owner is a Saudi billionaire. Peter Wetherell, founder and chairman of the agency, described the home in a press release as a "trophy property" — London properties that appeal to the global elite.
The apartment has yet to be restored since it was used by Onassis clan, and restoration could bump up its value even higher, to $35 million. At 5,000 square feet, the home spans nearly the whole width and depth of the building, and it's the only apartment in the building to have a 63-foot balcony overlooking Grosvenor Square.
Here's a look inside.