A Californian mansion with a history of hosting Hollywood royalty and presidents, has hit the market for US$225 million (A$327m), making it the most expensive public real estate listing in America’s history.
Once the home of hotelier and Hilton founder Conrad Hilton, the 60-bedroom Bel-Air home, known as Casa Encantada, is being sold by current owners financier and philanthropist Gary and Karen Winnick.
It was also a record breaker in 2000 when the couple purchased the estate for US$94million (A$137m), the most ever paid for a home at the time.
The 40,000-sq-foot house sprawls across an eight acre site in Bel-Air, ten minutes from 90210's Beverly Hills in Los Angeles.
Designed by architect James E. Dolena, amid the heyday of old Hollywood, the home was built in 1938.
Hilton purchased the property for $225,000 in 1950, with the Bel-Air estate since hosting presidents and Hollywood royalty.
Furnishings and interior designs were by T. H. Robsjohn-Gibbings, the property has been referred to as “the designer’s most important residential commission”.
Beverly Hills-based real estate Hilton and Hyland listed the mansion last week.
It features an entry hall featuring 18-foot (5.4 metre) ceilings, and a reception hall, along with a professional screening room, tennis and basketball courts, a pool house, and greenhouses.
To date the most expensive home to sell in the United States was the former Aaron Spelling home in Holby Hills, which transacted for US$120 million (A$175 m). The property sold for much lower than its original $200 million listing price.
In Australia’s luxury real estate market, a three-storey penthouse in Sydney’s Barangaroo took the crown as the nation's most expensive home, last week selling to an anonymous local buyer for $140 million.
It nabbed the title from the Fairwater Mansion in Sydney's Point Piper, which sold for $100 million to Atlassian co-founder Mike Cannon-Brookes and his wife Annie Cannon-Brookes last year.