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At $345 Million, This is America's Most Expensive Listing

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Despite a $US100 million ($141m) price cut, a Bel Air estate is set to become America’s most expensive home, hitting the market for $US245 million ($346m).

The former home of late Univision billionaire A. Jerrold Perenchio, the 25,000-square foot mansion was built in the 1930s on a 10-acre estate in Bel Air, and was initially listed for $US350 million ($495m).

The replica French château mansion was quietly withdrawn from the market last year, and has been relisted with a not-unsubstantial $245 million price tag.

The current price record is held by natural gas billionaire Michael Smith, who acquired a US$110 million ($155m) Malibu beach house from Hard Rock café founder Peter Morton in 2017.

Related: World’s Tallest Residential Building on Billionaire’s Row Launches to Market

The grand Bel-Air estate, named "Chartwell", has hit the market with a $US245 million listing price.
The grand Bel-Air estate, named "Chartwell", has hit the market with a $US245 million listing price.


The salubrious home, built in the French neoclassical style, is recognisable to television viewers of ’60s sitcom “The Beverly Hillbillies”, with then-owner, hotelier Arnold Kirkeby renting it out to producers for $US500 a day.

Perenchio acquired the home in 1986 for $US13.5 million, naming it “Chartwell” and expanding the estate over the next three decades by purchasing four adjacent properties.

The home offers 15 bedrooms, 18 bathrooms, a 12,000-bottle wine cellar, 75-foot pool, tennis court, 40-car garage and formal salon.

Perenchio died in May 2017, gifting a $US500 million art collection the Los Angeles County Museum of Art.

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Article originally posted at: https://theurbandeveloper.com/articles/at-345-million-this-is-americas-most-expensive-listing