The Most Expensive Parking Spaces in the World

September 10, 2013

Would you believe someone would bid a half-million dollars for a parking space? Parking is worth this much cash, if it provides exclusivity and exactly what the owner desires. Here are some of the most expensive parking spaces in the world.

298 Commonwealth Avenue in Boston

On Friday, June 14th, two open parking spaces in the lot at 298 Commonwealth Avenue in Boston sold for $560,000 each. However, these are not even the most expensive in the world.

A One-Million Dollar Parking Space in New York

In May of 2012, a parking space attached to a $120 million luxury condominium sold for one-million dollars. This is the first time it’s happened, but this isn’t an ordinary parking space. This space is 12 feet wide and 23 feet long and provide a 15-foot high garage. The owner can easily get into the duplex attached to the space.

A Few Other Expensive Parking Spaces

A space in London sold for $465,000 recently, which is equal to the average selling price for a four-bedroom home in Kansas City. This space is only 11 by 12 feet, but it is in the Hyde Park Gardens area, which is very exclusive.

Another pair of parking spaces in China cost the owner $640,000 in a cosmopolitan area. Jacinto Ton is the owner of the two 8-by-16-foot spots says these are the best parking spaces he’s ever owned.

Another spot was sold in April for $80,000 in San Francisco. This is a spot specific for game day at AT&T Park and the many major shopping areas of the area. This spot provides easy access on game day and an enclosed garage with a secure entrance.

These are a few of the most expensive parking spaces in the world, but they don’t top the luxury high-rise in Singapore, which provides an amenity for the owner unlike any other. The owner of the $24 million penthouse can use an elevator to move a Lamborghini from the ground floor up to the penthouse.

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