The Priciest Listing in the U.S Hits the Market for $350,000,000

August 16, 2017

It is no secret that New York City and Greater Los Angeles has the most expensive real estate in the country, if not the world. In these cities - it isn't uncommon to see price tags hit over $100,000,000 for a prestigious estate that looks like a modern day castle, or a massive penthouse atop a soaring skyscraper with iconic 360 degree views. These ultra luxury properties garner plenty of attention but hardly stop the presses in real estate news. However, an astronomical asking price of $350,000,000 for an estate in Bel-Air, California will have every broker across the globe take notice. 

 

The estate of recently deceased billionaire Jerrold "Jerry" Perenchio, Chairman and majority stakeholder in  Univision, is the most expensive home on the open market in the U.S. Known as Chartwell, this 25,000 square foot French Chateau sits on 10.3 acres just outside Los Angeles and has sweeping views of the city and ocean. 

 

Features and Fun Facts for Chartwell:

 

- It was featured as the home of the Beverly Hillbillies in the 1960's sitcom. 

 

- The main portion of the property is made up of five parcels, one of these was the longtime residence of Ronald and Nancy Reagan which Perenchio purchased for $15 Million in 2016. 

 

- It was built in the 1930's by a property developer as a gift to his wife. Unfortunately, she hated it and they never moved in. 

 

- There is a 5,700 square foot guest house.

 

- 75 foot long resort style pool, and the pool house, are connected to the main house by an elevator and a tunnel. 

 

- The highest priced listing in the U.S, prior to Chartwell, is on the same street and is set at $250,000,000.

 

 

If the estate sells anywhere near asking price it will be a record smashing transaction for California real estate. So far, the agent reviews for the property are mixed  - the majority think it willl never sell close to $350 Million. Be looking for the full photos and marketing this week to see if it's the house you would throw an offer at. 

 

 

Check out this article for more. 

 

 

 

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Nick Furniss, Realtor®
Nick.Furniss@cbws.com
513-478-3895

Adam Hayhow, Realtor®
Adam.Hayhow@cbws.com

513-315-1501