Iceland Selling Ambassador’s Homes

After taking heavy losses in the recent financial turmoil, the Icelandic government has put up ambassadorial residences in Washington D.C., New York, London, and Oslo. The total asking price is more than $25 million. The Icelandic banking system failed in the Fall of 2008 causing its currency to plunge. The government was ousted from power and now receives support from the International Monetary Fund.

The 10,000 square foot Washington D.C. residence built in 1928 sits on 0.17 acres and has ten bedrooms, five bathrooms, and a pool. The asking price is $5.65 million. The London residence is a 6,900 square foot house with an elevator and a communal garden. The asking price is $14.4 million. The New York residence is a four bedroom apartment on Park Avenue at 55th Street. The $5.6 million will also get you staff/guest quarters on the penthouse level. the Oslo residence has not been appraised yet.