Located on the famous Ile Saint Louis with unobstructed views of the Seine river, this bright and charming property features original exposed beams, high ceilings and elegant top-of-the-line finishes. The two room property features a large, airy living space with open kitchen, a large separate bedroom, an attractive bathroom with tub/shower and ample storage. The 17th century building is centered in the heart of historic Paris, making it the perfect base from which to explore Paris. Ideal as a pied-a-terre or for an investor, offering good potential for high levels of rental business opportunity.
Paris: 4th arrondissement
The heart of the Marais, the 4th arrondissement has had many incarnations through the centuries, alternating between aristocratic hotspot to Jewish ghetto then back again, and to its present hip and trendy status. The changing social fabric and narrow, crowded streets of the Marais spared it the bulldozer of Baron Haussmann, making it one of the few areas in Paris where Renaissance through 18th century architecture still abounds. The Île Saint Louis, which defines this arrondissement’s southern edge, is the oldest part of Paris, where the city first began.
Average price: €11,796/m2; +0.1% over one year; 38.6% over 10 years
The Marais is the 3rd most expensive area in Paris, after the 6th and 7th. There is still good value in the lively, village-like part of the Marais when compared to Saint Germain de Prés. Look to the neighborhoods in the Village Saint Paul and north of the Place de Vosges for the rare, quieter streets. Prices can top €21,000/m² for the Ile St Louis, where tourists have nearly eliminated much of the neighborhood feeling and may someday dampen its appeal, but that day has yet to come. Average price: 11,796 € /m2, ranging from 8,309 € to 18,736 € depending on the area.
Current Market Prices — 4th arrondissement
|Neighborhood||Price/m2 in euros|
|Saint-Merri||€ 8,355||€ 11,312||€ 15,136|
|Saint-Gervais||€ 8,173||€ 11,716||€ 15,998|
|Arsenal||€ 8,206||€ 11,648||€ 17,603|
|Notre-Dame||€ 9,900||€ 14,313||€ 24,977|