An Indian Businessman Just Bought Britain's Most Expensive Home In A Huge Foreclosure Sale

Image: Courtesy of Updown Court

An Indian businessman is the new owner of Britain's most expensive home, which Ireland's National Asset Management Agency seized in July after its owners were unable to make good on an $80 million mortgage, according to Independent.ie.

The mega-mansion, named Updown Court, is located just 25 miles outside of London and was initially listed for $123 million.

NAMA reportedly made a profit on the property, despite several price cuts intended to attract buyers. The current listing price was $54.7 million.

The Indian businessman, whose name was not disclosed, beat out potential buyers from Russia and Britain, according to Independent.ie.

Owner Leslie Allen-Vercoe put the house on the market six years ago but has been unable to find a buyer, the The Daily Mail reported in July. When contacted by reporters, Allen-Vercoe said he had no knowledge of the bank's plans to put the estate into receivership.

The mortgage was reportedly provided by Irish Nationwide, which transferred many of its loans to the Irish government after it collapsed during the financial crisis.

Set on 58 acres of land, with 50,000 square feet of space, Updown Court is larger in size than both Buckingham Palace and Hampton Court Palace.

The behemoth home has five swimming pools, a $6 million marble heated driveway, a squash court, home theater, bowling alley, panic room, and much more.

The home is 50,000 square feet

Image: Courtesy of Updown Court

And it's on 58 acres of land

Image: Courtesy of Updown Court

It has an eight-car garage, each one large enough for a limousine

Image: Courtesy of Updown Court

Beautiful marble staircase

Image: Courtesy of Updown Court

Stunning entrance way

Image: Courtesy of Updown Court

Marble floors throughout the house

Image: Courtesy of Updown Court

One of the five pools

Image: Courtesy of Updown Court

Another one of the five pools; this one is inside

Image: Courtesy of Updown Court

Private, gated entrance

Image: Courtesy of Updown Court

One of the many bathrooms

Image: Courtesy of Updown Court

Floor-to-ceiling windows

Image: Courtesy of Updown Court

A foyer area on the penthouse level

Image: Courtesy of Updown Court

The bowling alley

Image: Courtesy of Updown Court

An aerial view of the estate

Image: Courtesy of Updown Court

Skylight at the very top of the winding staircase

Image: Courtesy of Updown Court

Another bathroom, full marble

Image: Courtesy of Updown Court

An overhead vie of the foyer

Image: Courtesy of Updown Court

The ceiling looks like a night sky

Image: Courtesy of Updown Court

Elaborate detailing everywhere

Image: Courtesy of Updown Court

Plan of the property

Image: Courtesy of Updown Court

Want more? Take the video tour:

Buy A Stunning Glass Cube On Lake Tahoe For $43 Million

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A home in Crystal Bay, Nevada with sheer glass walls is on the market for $43 million.

The home offers beautiful views of the mountains and Lake Tahoe, and each of the four bedrooms has the sunrise as an alarm clock.

This architectural gem even has a glass elevator in the middle.

Also inside the house is a gym, a spa, 4.5 bathrooms, and an intercom system.

The house sits on a 21,387 square foot lot, which just big enough to keep the neighbors from peeping through the glass walls.

There's a breathtaking view of mountains from this dinner table. Or is it an at-home conference room?

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That's a pretty unusual fireplace

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The kitchen is ultra modern

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All these appliances are brand new--the house was just built in 2010

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There are four and a half bathrooms in the house. This one has a tub and a glass shower

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From the master bedroom you can walk right outside

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We nearly swooned over the walk-in closet

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This library manages to be both cozy and airy

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Imagine taking in this view as you wake up each morning

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The family room has a lot of dramatic, clean lines, mirroring the architecture of the house

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The home spa is located right next to the gym

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Even the laundry room is sleek

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Every room has a great view of Lake Tahoe

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Even the shower walls are see-through

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The family room has very interesting wall art

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Each bathroom really has its own personality

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Slanted windows provide for even broader views

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This bathroom has his and her sinks

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With all this glass, it's a good thing the neighbors are far away

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Rocks are an integral part of the landscape

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This private dock comes with the home

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The roof deck looks like a great spot for a party

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Vera Wang House !!! Fashion Designer Vera Wang Bought A $10 Million House Made Of Glass

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Wedding dress designer-to-the-stars Vera Wang just bought a $10 million home in Beverly Hills, according to the Wall Street Journal (via Realtor.com).

The designer, who has decked out everyone from Victoria Beckham to Kate Hudson, is reportedly planning to spend more time working on the west coast.

Like many of her finest confections, Wang's new abode is sleek and white.

It has glass walls, a pool and spa, and four bedrooms.

The home has walls made of glass

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And is nearly all-white

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Lots of wide open spaces

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And gorgeous views from every angle

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The home wraps around the pool

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And glows at night

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A living room

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One of the four bathrooms

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Another bathroom

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The home theater -- perfect for a chick flick

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You can see right through the house

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One of the four bedrooms

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Even the bedrooms are floor-to-ceiling glass

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The garage

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Great place to catch a sunset

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