11th February 2026 – (Hong Kong) A prestigious mega-mansion on Shek O Road has been listed for sale at a staggering 2 billion Hong Kong dollars, making headlines for both its scale and its exclusive address. According to an exclusive report by HK01, this extraordinary residence, held by British toy industry figure James William Hesterberg, boasts a usable floor area of almost 17,000 square feet and occupies a total site spanning just under 169,000 square feet across two plots.
The mansion, currently marketed at an eye-watering HK$117,700 dollars per square foot, was originally acquired in 2000 for HK$103 million. At that time, the property was sold at a heavy discount from its prior owner, Patrick Cheong, who acquired it for HK$201 million just three years earlier. In 2003, Hesterberg embarked on a comprehensive redevelopment, which concluded by 2007 and increased the mansion’s built-up area from approximately 3,000 square feet to 25,000 square feet, magnifying its scale over eightfold.
This exclusive property has drawn further attention for its architectural pedigree. The main residence was crafted by world-renowned Seattle architect Jim Olson, complemented by the creative input of acclaimed visual artist Mary Ann Peters on interior murals and international lighting designer Tino Kwan. Inside, the home features double height ceilings stretching up to 7.55 metres and showcases floor-to-ceiling windows with panoramic sea views, accentuated by bold and colourful wall finishes along the corridors.
Among its impressive amenities, the house offers a private infinity swimming pool, a wine cellar, a cold room, a secure art storage vault, and a fully equipped gymnasium complete with a table tennis suite. There are also four dedicated staff quarters, providing comprehensive support for luxury living.
Shek O Road and its neighbouring Big Wave Bay Road are famed for their concentration of lavish, standalone homes. Most residences in the area are managed collectively by The Shek O Development Company Limited, with ownership requiring a strict voting process among members, ensuring only the most exclusive clientele. Over the years, this elite neighbourhood has been the preserve of Hong Kong’s wealthiest families and corporate heavyweights, underlining its reputation as one of the city’s prime destinations for the super-rich. If the new record price is achieved, the property will have appreciated nearly nineteenfold from its last purchase price, cementing its iconic status in Hong Kong’s luxury real estate market.
