Most expensive streets

Carolwood Drive in Homby Hills makes it onto the list of 10 most expensive streets in the world, at a cool $2,803 per square foot. Of course, that's tip money next Monaco’s Avenue Princess Grace, which is number one at $17,750 per square foot (what an address!). Besides Carolwood, the only other U.S. location in the top 10 is NY's Fifth Avenue ($7,500). The list was compiled by the Wealth Bulletin, which is a Dow Jones site (hat tip to the WSJ's Wealth Report). These rankings are always a little suspect - different methodologies, different results - but what's interesting, putting aside specific numbers, is the evidence of global wealth.

1. Avenue Princess Grace, Monaco
2. Severn Road, Hong Kong
3. Fifth Avenue, New York City
4. Kensington Palace Gardens, London
5. Avenue Montaigne, Paris
6. Ostozhenka, Moscow
7. Via Suvretta, St. Moritz
8. Carolwood Drive, Holmby Hills
9. Wolseley Road, Sydney
10. Altamount Road, Mumbai

By the way, Carolwood Drive has been home to a long line of A-listers, including Gregory Peck, Walt Disney and Clark Gable, to name just a few.


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Mark Lacter
Mark Lacter created the LA Biz Observed blog in 2006. He posted until the day before his death on Nov. 13, 2013.
 
Mark Lacter, business writer and editor was 59
The multi-talented Mark Lacter
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