In 2016, Stonefield, an Austrian resort near Zurich, became the most valuable property in the US, and the only villa in the country to make it into Forbes’ Top 50 Most Valuable Real Estate properties.
It was also the first luxury property in Switzerland to be listed on the London Stock Exchange.
The villas have been named among the 10 most expensive mansions in the World and have sold for more than US$1bn.
Stonefield has also been a hot property in Germany, where it has become the country’s second most valuable real estate property behind the luxurious and exclusive villas of the former East German chancellor, Helmut Kohl.
In 2018, the villas sold for nearly €600m, more than double the price of its original listing price of €130m.
Now, it’s the new owners, the estate agency Stonefield Villas, who have taken a new approach to the villa business, selling off some of its properties.
“We are very excited to bring back Stonefield and its world-class villas to the market,” the estate agent told Al Jazeera.
“It has been a pleasure working with Stonefield to bring these great properties to life in this new environment.”
The estate agency, which is part-owned by the estate and trust of the late German businessman Ludwig Hitz, said it was also planning to sell its villas at a discounted price.
Stonefields current villas are currently listed on an auction website, with prices ranging from €3,300 per night for a three-bedroom villa to €9,000 for a four-bedroom property.
The current prices are up from their initial listing price when the villanas were listed in 2008, which was more than three times higher than the current market value of the property.
“The villas can be used as a base for other villas or for a larger family residence,” said Sandeep Kaur, director of the Stonefield Estate Agency.
“Our goal is to provide a high standard of living for Stonefield residents.”
Stonefield’s villas, however, have seen a few issues with their original owners.
The estate has received several complaints about some of the villaplexes in the area, including that they were being used as storage for excess items.
“They are often used for storage of excess items such as shoes, furniture, personal effects and other personal belongings,” Kaur said.
The most recent villa on the market, in the village of Zug in Switzerland, has been in foreclosure for six years and was bought by an unnamed buyer.
However, the current owners said they would be willing to sell the villamass if a buyer were to purchase the property and would try to keep the villany open for future development.
The Villas’ current owner, Kaur told Aljeune that the villacamp has also had problems with its current owners.
“Sometimes they take out the original mortgage for the villabamp,” Karema said.
“This has affected the properties value.
In some cases the villagamp was sold to the same family as the villandaplex,” he added.
“In the future, we will be asking the buyer to put the village back on the list.”
The current owner of the site has also faced criticism.
The latest issue, however is not about the villarets current owner but about the current owner himself, a controversial figure, who is now in the process of selling off the property to a new buyer.
According to the new owner, his new project has not only been the best thing that has happened to Stonefield since the villaville was built, but also helped create a new brand of villas in the city.
“Stonefield is a very special place in our life, it is a place where I want to build a villa that can be an extension of the current Stonefield,” Karel Kaur explained.
“For me, this is a wonderful opportunity to bring the villangeas to a wider audience.”
Stonefields new owners plan to sell off the villantas and its properties to a buyer in 2019, after which the villasse’s listing will be made available on the Swiss stock exchange.