The world’s most expensive home has been put up for sale in the south of France with a €1 billion ($1.1 billion) price tag.

Villa Les Cèdres, which was built around 1830 and was once home to Belgium’s King Leopold II, is located in the exclusive town of Saint-Jean-Cap-Ferrat, near Nice.

According to the Daily Mail, the current owner of the 10-bedroom property, which has an Olympic-size swimming pool, is Suzanne Marnier-Lapostolle, a member of the Grand Marnier family, who is looking for something smaller. The house has been in the family, famous for cognacs and liqueurs, since the 1920s.

The property boasts 35 acres of manicured lawns, a ballroom and stables for up to 30 horses.

Claims ‘The Cedars’ mansion is on the market comes as the country struggles during one of its worst recessions for years and the Socialist government tries to deal with a security crisis

Despite all this, Nice Matin today reports that the former home of Belgium King Leopold II can be yours for ‘a billion euros!’.

It has one of the most beautiful gardens in Europe, which includes 35 acres of manicured lawns, 15000 plants, and some 20 greenhouses containing rare tropical vegetation.

The palatial home features a ballroom and also stables for up to 30 horses.

Close neighbours include British composer Andrew Lloyd Webber and US tech tycoon Paul Allen.