The most expensive home on the market in the U.S. just had some $55 million shaved from its asking price, and still, the Los Angeles estate remains one of the priciest offerings in the country.
Casa Encantada, which was listed for an eye-watering $250 million earlier this year, is now asking $195 million. The sale is being handled by Kurt Rappaport of Westside Estate Agency and Drew Fenton of Carolwood Estates.
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The sprawling seven-bedroom house in Bel-Air is now tied for the honor of being the nation’s priciest home listing, an accolade it shares with an oceanfront Malibu mansion designed by Robert A.M. Stern and a three-story penthouse in Midtown Manhattan.
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Nestled above the Bel Air Country Club, the property’s history is replete with well-to-do ownership.
The trophy home was built in 1937 for Hilda Weber, the widow of a multimillionaire glass manufacturer. Weber commissioned architect James E. Dolena, famed for his work building lavish Los Angeles homes, for the project.
“Since the home was built, it has broken the record twice for being the most expensive home to ever sell in the United States,” Rappaport said. “It’s considered to be one of the most important examples of Los Angeles architecture.”
In 1950, Weber sold Casa Encantada to hotel magnate Conrad Hilton for $225,000. Following Hilton’s death in 1979, it changed hands once more, selling to billionaire businessman David Murdock for a then-record $12.4 million.
The estate was acquired by its late owner, financier and telecommunications tycoon Gary Winnick, in 2000 for $94 million, property records show, a figure that was another nationwide record.
Winnick, who died earlier this month at the age of 76, brought in architect and designer Peter Marino, who alongside a team of 250 craftsmen, spent more than two years restoring the estate to a museum-quality, Mansion Global previously reported.
“Sadly, Gary Winnick passed away unexpectedly and now his wife is ready to sell,” Rappaport said. “Gary had a very strong emotional attachment to the house and wouldn’t sell it for less than $250 million,” hence the price adjustment.
The light-filled main residence has an entry hall with 18-foot-high ceilings, a sweeping staircase, multiple living and dining rooms, a walnut-paneled library, intricate period moldings and an Art Deco lucite bar.
There’s also a sprawling 3,500-square-foot primary suite with two sitting rooms and dual bathrooms, according to the listing.
Outside, the property encompasses a pool, a pool pavilion that doubles as a screening room, a tennis court, a sports court, a formal rose garden and a tropical botanical garden.
Though the home is among the most expensive listings in the country, it won’t break a sale record at its current price. The most expensive home sale in the U.S. was set in 2019, when Ken Griffin, founder of hedge fund Citadel, spent some $240 million on a penthouse on New York’s Billionaires’ Row.
