Monumental Price Cut Dethrones Most Expensive Home for Sale in America
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1/4Photographs courtesy of Hilton & HylandThe Chartwell estate in Bel-Air, which reigned as the most expensive home for sale in America in 2018, just got a $50 million price cut. Now stripped of that ritzy real estate title, the 10.4-acre property wants $195 million compared it its former price of $245 million. Phew, now we can all afford it!Joking aside, this pristine property is nationally renowned for a reason. Offering a 25,000-square-foot Limestone mansion and spacious guesthouse for a total of 11 bedrooms and 18 bathrooms, the abode looks more like a palace than a residential home. Walking the ornately landscaped grounds, you feel as if you’re touring a European landmark with centuries of history.According to Variety, the legendary property was designed by Sumner Spaulding in 1930 and extensively renovated in the 1980s by Henri Samuel. At just about 90 years old, it is on the market for the first time in decades because the owner, billionaire Jerry Perenchio, recently passed away.Dripping in lavish amenities, this home is meant for someone who loves opulence and may enjoy collecting the finer things in life like vintage wines or alluring cars. There’s a 12,000-bottle wine cellar, 75-foot pool, tennis court, and car gallery that can fit 40 vehicles.The huge listing requires a lot of real estate heavy hitters to represent it. Jade Mills at Coldwell Banker Residential Brokerage, Drew Gitlin and Susan Gitlin at Berkshire Hathaway HomeServices California, and Drew Fenton, Gary Gold and Jeff Hyland of Hilton & Hyland all share the listing.Photographs courtesy of Hilton & HylandThe Chartwell estate in Bel-Air, which reigned as the most expensive home for sale in America in 2018, just got a $50 million price cut. Now stripped of that ritzy real estate title, the 10.4-acre property wants $195 million compared it its former price of $245 million. Phew, now we can all afford it!Joking aside, this pristine property is nationally renowned for a reason. Offering a 25,000-square-foot Limestone mansion and spacious guesthouse for a total of 11 bedrooms and 18 bathrooms, the abode looks more like a palace than a residential home. Walking the ornately landscaped grounds, you feel as if you’re touring a European landmark with centuries of history.According to Variety, the legendary property was designed by Sumner Spaulding in 1930 and extensively renovated in the 1980s by Henri Samuel. At just about 90 years old, it is on the market for the first time in decades because the owner, billionaire Jerry Perenchio, recently passed away.Dripping in lavish amenities, this home is meant for someone who loves opulence and may enjoy collecting the finer things in life like vintage wines or alluring cars. There’s a 12,000-bottle wine cellar, 75-foot pool, tennis court, and car gallery that can fit 40 vehicles.The huge listing requires a lot of real estate heavy hitters to represent it. Jade Mills at Coldwell Banker Residential Brokerage, Drew Gitlin and Susan Gitlin at Berkshire Hathaway HomeServices California, and Drew Fenton, Gary Gold and Jeff Hyland of Hilton & Hyland all share the listing.
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