£250million Monaco penthouse with a giant water slide in the balcony

The luxury flat at the top of a new skyscraper in Monaco will set its owner back around £256million.

Luxury: The infinity pool with a slide attached at the penthouse flat in Monaco's Tour Odéon

Groundbreaking: The 49-storey skyscraper will be the second tallest building on the Mediterranean coast

The multi-storey penthouse is located in Tour Odéon, a 560ft tower which will be the Mediterranean coastline's second tallest building when it is completed next year.

 

As well as being equipped with a health centre, multiple swimming pools and an in-house caterer, the building will offer its residents a 24/7 concierge service and a private chauffeur.

But the penthouse is set to stand out even in the midst of such extreme luxury, with its slide which descends from the balcony into the infinity pool making it a veritable millionaire's playground.

Pricey: The flats in the building are aimed at the European super-rich who are unaffected by the recession

View: The Tour Odéon overlooks the clear blue waters of the Mediterranean Sea

Modern: Residents of the building have access to a catering service, 24/7 concierge and private caterer

Tour Odéon, with its 70 super-sized flats, is the first new skyscraper to have been built in Monaco since the 1980s.

Prince Rainier, who was then the country's ruler, decided to half the construction of tall buildings on the shoreline over worries they were destroying the principality's character.

But in 2009 his son and successor Albert reversed that decision and greenlit the Tour Odéon project.

Glitzy: The tower is the first skyscraper to be built in Monaco since the 1980s

Good night's sleep: But residents of a neighbouring town have complained about the new project

Attractive: The building is expected to be one of the most sought-after addresses on the Mediterranean

While its construction has not been halted by the global recession, Europe's economic troubles do seem to have affected the take-up of flats in the building, with just 18 having been sold so far.

And the tower has also been controversial among residents of Beausoleil, a neighbouring town on the other side of the border with France, who complain that it has ruined their views.

James Price from Knight Frank, which is handling the sale of flats in Tour Odéon, said: 'These duplexes and the penthouse are set to catch the eye of those looking for the very best properties across the world's leading markets.'

Exclusive: Monaco has a long-running reputation as an enclave popular with the very wealthy