Cannes : The Palais Vénitien, sold for €105 million

This sumptuous 2.6-hectare estate, featuring a swimming pool, tennis court, spa, and a 1,000-square-meter terrace, has been sold to an Indian billionaire, marking a new chapter in the history of this architectural gem.

The Palais Vénitien perfectly illustrates the appeal of the Cannes market for luxury villas, where international demand remains strong despite the scarcity of available properties. Each transaction there reflects the significance and value of exceptional properties, making Cannes one of France’s most sought-after markets for historic and luxurious residences.

With this sale, the Palais Vénitien joins the ranks of the Côte d’Azur’s iconic residences, demonstrating that the combination of historic charm and modern comfort retains a lasting and exceptional appeal.

A stunning residence inspired by Byzantine and Venetian architecture, the Palais Vénitien commands a magnificent view over Cannes and the azure waters of the Mediterranean Sea stretching as far as the eye can see.

Built to recreate all the splendour of an authentic Venetian palace, it has been completed with a wealth of period details that have been carefully preserved.

Its 2.4-hectare grounds feature a wealth of luxurious amenities: a private lake, a tennis court, secluded woodland and a large outdoor swimming pool. The terraced gardens, with their lush vegetation, provide a setting worthy of the villa’s sumptuous interiors.
Featuring monumental columns and exquisite mouldings, this residence, with over 3,000 m² of living space, faithfully reflects the elegance and grandeur characteristic of the Venetian style. The ultimate expression of contemporary refinement, the building seamlessly integrates the most advanced control technologies.
With nine suites and several reception rooms, the Palais Vénitien combines the luxury market of Cannes with the architectural heritage of Venice.

The sale of the Palais Vénitien stands as the highest-value property transaction ever recorded in Cannes.
This record is testament to the city’s exceptional appeal to an international clientele seeking unique properties – impossible to replicate – that combine sea views, extensive private grounds and absolute privacy.

Buoyed by the glamour of the Festival, the extensive renovation projects along the Croisette and excellent airport connections, the luxury property market in Cannes continues to show unflagging momentum.