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.
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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.