A sprawling mansion in Bel Air, California, has been listed for $250 million – and if it is sold at the listing price, it will become the most expensive single-family residential sale in U.S. history.
The Wall Street Journal reported that Casa Encantada twice made history as the most expensive single-family residential sale – first in 1980 in a $12 million transaction and again in 2000 in a $94 million sale. At the moment, the most expensive single-family residential sale has been the $240 million shelled out in 2019 by hedge fund executive Ken Griffin for a penthouse on New York City’s Billionaires’ Row.
Casa Encantada was constructed in 1938 for Hilda Weber, the widow of Cincinnati glass manufacturer Charles Boldt. She sold it to hotelier Conrad Hilton in 1950 for $225,000 – her original asking price was $1.5 million. The current owners, billionaire financier Gary Winnick and his artist/author wife Karen Winnick, acquired it in 2000 – the couple unsuccessfully tried to sell the house in 2019 for $225 million.
The 8.4-acre property boasts a 20,725-square-foot residence with seven bedrooms and 17 bathrooms. Also included are a swimming pool, a movie theater, tennis court, basketball court, multiple greenhouses and koi ponds.
Photo courtesy of Realtor.com
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This mansion isn’t listed on the MLS. And there is a size discrepancy. One sourse says 40,000 sf and others say 20,750 sf.
sold it to hotelier Conrad Hilton in 1950 for $225,000 – her original asking price was $1.5 million. —— That’s a very big counteroffer