Bel Air is on pace to set yet another real estate record. According to the Los Angeles Times, the mammoth estate known as Casa Encantada was recently listed on the market for a grand total of $255 million. With that price tag, Casa Encantada is the most expensive publicly listed home in the country. If sold this year it would shatter the current record of $119M set this past summer by the Manor in Holmby Hills as the most expensive sale in California.
The Bel Air compound is currently owned by billionaire and founder of Global Crossing Gary Winnick. The house itself is a 40,000 square foot behemoth with 60 rooms and 18 foot ceilings and a guesthouse that anyone would gladly take as their main house.
The home was originally built in 1934 for the Hilda Boldt Weber, the widow of a glass bottle manufacturer. Weber originally purchased the home for $100,000, equivalent of $1.9M today. Since then it has had many owners, notably Conrad Hilton of Hilton Hotels and David Murdock of Dole Foods. Both spent big money on the house with Hilton spending the equivalent of $2.4M in today’s dollars and Murdock dropping $12.4M. Neither however came close to the current asking price. Even the current owner ‘only’ spent $95M on it. Interestingly, the home that was once owned by Conrad Hilton is now listed by his grandson Rick Hilton of Hilton and Hyland.
Though the lister is not publishing photos of the estate’s current condition, Winnick has reportedly restored its original 1930s classic detailing and there are nearly 100 archival photos of the interior online.
So what does $225M get you? In addition to the H shaped main house, the property also comes equipped with a motor court in the back, a rose garden, koi ponds, a basketball court, a lighted tennis court, a home movie theater, a rose garden, a bar, and multiple greenhouses.
Upon entrance, visitors are greeted by a large fountain and then four massive pillars surrounding the front door. The pillars continue inside the foyer of the house which also includes a spiral staircase up to the second level. The rooms are large and open with high ceilings and can be easily made into whatever you like. As you peruse the halls, the home is adorned with various sculptures and decadent works of art.
Hyland of Hilton and Hyland believes the property is worth $175M just in land value. Speculating on who the eventual buyer might be, Hyland said, “We don’t expect it to be someone who just made their money in tech on an IPO and is 29 years old,” adding, “It’s going to be someone who is sophisticated, someone who is a world traveler, who has homes in other places around the world.”
The post Casa Encantada is the Most Expensive Listed House in the US appeared first on National Cash Offer.
source https://nationalcashoffer.com/casa-encantada-most-expensive-house/
No comments:
Post a Comment