Marathon - View 1

There’s nothing seemingly historic about this duplex penthouse on the 13th and 14th floors of Marathon House, a modern-ish high-rise in London (Map).  Thankfully for someone who loves big views, modern buildings are not the issue in London that it can be in Paris where old almost always beats new.

For those not familiar with Marylebone (pronounced Marla-bone), it’s just north of Mayfair and borders the 410-acre Regent’s Park.  It’s highly residential and lighter on tourists. But as you can see, it’s still quite close to the action. The tall light slightly left is the Shard while slightly right you can see the arc of the London Eye Ferris wheel.  Truly, London is at your feet.

This 4,079-square-foot apartment has four bedrooms and four bathrooms. It’s listed with Simon Tollit and Hannah McDougall of Sotheby’s International Realty for £7,950 million ($9,857 million) which works out to $2,417 per square foot.

I say you’re Sherlock’s neighbor because the closest underground station is Baker Street, which, as fans will recall, is the street Mr. Holmes fictionally lived on … number 221B to be exact. It’s also just down the road from Euston Station, the home of Eurostar where Sharon Quist of Dave Perry-Miller and I alighted from a train to see this beauty (Brits don’t “hop off”).

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Arc Small 1

Living in Paris is a dream for many people, but a dream financially unattainable.  It may also be that the vagaries of foreign property ownership and the added wrinkle of currency fluctuations are simply not for you.  I mean, while a property may appreciate, if the currency tumbles, appreciation can quickly turn to loss.  For example, in late 2008 the Euro was pushing $1.60. Today it’s nearer $1.05 … essentially erasing a third of its value in nine years.  As recently as the autumn of 2014, the Euro was hovering around $1.40, making for a precipitous loss is a short time … simply from currency. I can tell you that any Parisian market gains in no way offset the currency declines.

You want a second home, not a tax write-off.

Rent.

While I was in Paris last month, I had a perfect confluence of the stars.  CandysDirt.com friend and HGTV hostess Adrian Leeds was on hand to give a sampling of rental units. Also scoping out the market was Dave Perry-Miller agent Sharon Quist who was in town with a friend selling her Paris home.

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