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The replica French château mansion was quietly withdrawn from the market last year, and has been relisted with a not-unsubstantial $245 million price tag.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