I walked through Moscow's 'Golden Mile,' one of the city's most expensive neighborhoods, and got a glimpse of what most photos don't show you: It's a mix of the old, the new, and the abandoned
- Moscow's "Golden Mile" is home to some of the city's most expensive real estate.
- The neighborhood spans the area between Ostozhenka Street and the Moscow River in the center of the city.
- Russian government officials, celebrities, and families with "old money" call the area home, according to Olga Novikova of Moscow Sotheby's International Realty.
- Homes cost an average of $2 million in older buildings and $3.5 million in new construction buildings, according to Sotheby's.
- On a recent trip to Russia, I took a walk through the neighborhood and saw some of its high-end real estate - here's what it looked like.
- Visit Business Insider's homepage for more stories.
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Moscow's Golden Mile, a residential area between the banks of the Moscow River and Ostozhenka Street, is home to some of the city's priciest real estate.
Homes cost an average of $2 million in older buildings and $3.5 million in new construction buildings, according to Moscow Sotheby's International Real Estate, while a set of coveted townhouses start at $22 million.
Demand for the area has cooled somewhat in the last five years, Maria Bocharova, the chief marketing officer for Sotheby's International Realty, told Business Insider.
"But many people still want to live there and the popularity and prestige of this area will remain stable for a very long time," Bocharova said.
On a recent trip to Russia, I got a tour of the Golden Mile neighborhood with Olga Novikova of Moscow Sotheby's International Realty. Here's what it looked like.
Moscow's "Golden Mile" is home to some of the city's most expensive real estate.
The residential area lies between Ostozhenka Street and the Moscow River in the southwestern city center.
It's adjacent to the Moscow River, which flows through the center of the city.
At one end of Ostozhenka Street is a golden-domed Russian Orthodox church, the Cathedral of Christ the Saviour.
As I walked through the streets of Moscow's Golden Mile on a June afternoon with Olga Novikova of Moscow Sotheby's International Realty, the streets were quiet and serene.
The area is full of luxury apartments, both new construction and historic buildings.
But it's still an attractive neighborhood for many of the city's elite, including government officials, celebrities, and old money families.
One of the most prestigious places is to live is Noble Row, a set of six ultra-exclusive luxury townhouses that start at $22 million.
Another of the most sought-out residences in the area is Nabokov, a six-story luxury condominium named after the famous Russian writer.
I got a peek inside Nabokov, where the remaining apartments range from about $4 million to $8 million.
The developer touts Nabokov's limestone facade as "a graphic design with a velvety texture," but I found the gray, boxy structure to be rather dreary-looking.
The Golden Mile has a mix of architectural styles, from opulent Art Nouveau buildings to modern, glassy buildings.
Ostozhenka Street is the place for "see-and-be-seen dining" at high-end Russian and Georgian restaurants, according to Mansion Global.
Residents of the neighborhood can exercise at the Golden Mile Fitness Club, a luxury gym in the neighborhood, where it costs about $10,000 per year to be a member, according to Novikova.
While parts of the neighborhood are certainly beautiful, I found it that it seemed to be a neighborhood in flux.
And several buildings I passed appeared to be abandoned.
Right across the street from the Noble Row townhouses that cost upwards of $22 million was a small park that seemed, frankly, a bit neglected.
While some of the neighborhood's side streets were lined with stately luxury condominiums, other streets had average-looking homes with peeling paint.
After hearing so much about the exclusivity and status of the neighborhood, I have to admit I was somewhat underwhelmed by the Golden Mile.
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