The West Coast actually is the most effective coast — particularly relating to actual property priced within the nine-figure vary.
Within the Bel Air enclave of Los Angeles, the 10-plus-acre property of late billionaire A. Jerrold Perenchio — who died in 2017 at 86, and was at one time the chairman and CEO of Spanish-language community Univision — has hit the marketplace for a sky-high $245 million.
Not solely does that mighty value make it the most costly residence on the market within the Metropolis of Angels, but it surely additionally makes the property take the crown for the priciest residence on the market in America, in accordance with the Los Angeles Occasions.
Final 12 months, the Occasions notes, Perenchio’s property — which he had owned since 1986 — was quietly shopped off-market for a nine-figure asking value.
Now on the open market, this property joins practically 10 LA houses which have listed in recent times for over $100 million. One in every of them, only a minute away by automotive, is luxurious developer Bruce Makowsky’s 38,000-square-foot spec residence, which asks $188 million. That new-construction mansion initially hit the market in 2017 for $250 million, as The Put up reported, which made it the nation’s priciest on the time.
Ought to Perenchio’s former pad promote for its asking value, and even for half off, it will additionally crush the gross sales document for Los Angeles County. That’s now held by pure fuel billionaire Michael Smith, who purchased a Malibu seaside home for $110 million in April from Onerous Rock Cafe founder Peter Morton.
Followers of “The Beverly Hillbillies” might acknowledge Perenchio’s major residence, which appeared within the credit of the favored sitcom.
The sprawling, 25,000-square-foot, Sumner Spaulding-designed mansion dates to the 1930s, when it was constructed for Lynn Atkinson, a civil engineer. Since renovated and restored by designer Henri Samuel, the French neoclassical-style property includes a paneled eating room, a 12,000-bottle wine cellar and formal rooms.
Named Chartwell, the property’s grounds moreover boast lawns, gardens inside hedged partitions and specimen timber. There’s additionally a five-bedroom visitor home, a 75-foot pool with a pool home, a tennis court docket and coated parking with area for 40 vehicles.
The itemizing is being marketed by Drew Fenton, Gary Gold and Jeff Hyland of Hilton & Hyland; Drew and Susan Gitlin of Berkshire Hathaway HomeServices California Properties; and Joyce Rey, Jade Mills and Alexandra Allen of Coldwell Banker International Luxurious.
This text initially appeared on the New York Put up.