The property has been in the family, which is known for producing cognacs and liqueurs, for nearly a century.
The sale of a home such as this is also extremely rare.
Just this past month, African-French model Cindy Bruna appeared in an advertising campaign for Prada, just the third black woman ever to do so.
While Prada’s runways still aren’t winning any prizes for diversity, Bruna’s appearance in its campaign is a clear indicator that fashion is moving further and further away from the racial boundaries that have limited the scope and impact of the industry during the past century.
The exclusive neighbourhood, situated between Nice and Monaco, is known for its magnificent villas owned by billionaires and tycoons, including the co-founder of Microsoft, Paul Allen, and late Russian oligarch Boris Berezovsky.
The mansion has 10 bedrooms, a ballroom and a chapel, a 50m swimming pool built into the rocks, a winter garden, concierge, 35 acres of manicured lawns and a stable for 30 horses, according to French media.
In the 1960s and ’70s, ground-breakers like Luna, Pat Cleveland, Grace Jones and, eventually, Iman, started appearing on the scene, oftentimes championed as one designer’s muse.
MORE: Models Are Getting So Skinny That Editors Are Doing WHAT?! The Jamaican singer, actress, and model was one of the first black women in the business, where she modeled in Paris for designers like Yves Saint Laurent and Kenzo, before appearing on numerous magazine covers.
Known for outrageous, avant-garde personal style, she's depicted here in 1960.
She passed away in 2009 after a battle with breast cancer. Hardison was a major supermodel in '60s and '70s, working for Ford Modeling Agency.
She was a participant in the legendary "Battle of Versailles" fashion show in 1973, which pitted old-world designers like Yves Saint Laurent and Christian Dior against American newbies like Bill Blass and Halston.
Last year, prices on Peak Road averaged an eye-watering US$114,000 per square metre, nearly double the US$67,000 per square metre on the most expensive road in Cap Ferrat, according to estate agent Savills.