Most Expensive Listing in the U.S. Is Now $50 Million Cheaper

June 26, 2019

The most expensive home on the market in the U.S. just got significantly less expensive. 

The Los Angeles property dubbed Chartwell had a cool $50 million chopped from its asking price on Monday, taking its price tag down to $195 million from the whopping $245 million it was asking when it officially hit the market in October, according to listing records.  

 The discount is even more pronounced considering that in August 2017, it was announced that the listing would be available to buy for $350 million—though it’s not clear if the home was ever officially on the open market with that asking price. 

Built in the 1930s, the opulent estate was made famous as the set of the 1960s TV series “The Beverly Hillbillies.” More recently it was owned by the late Univision chairman and CEO, billionaire Jerry Perenchio

Perenchio, who died in 2017 at 86, lived in the mansion for 30 years after buying the home in 1986 for $13.5 million, according to property records. During that time, he snapped up at least four neighboring parcels that nearly doubled the estate’s size to almost 10.4 acres, records show. 

Chartwell comes complete with a five-bedroom guesthouse, a 75-foot pool and pool house, a tennis court, a car gallery for 40 vehicles, a 12,000-bottle wine cellar and manicured gardens “befitting a chateau in France,” according to the listing. 

Representatives for brokerages listing the property—Hilton & Hyland, Coldwell Banker Global Luxury and Berkshire Hathaway Home Services—did not immediately respond to requests for comment. 

Author: Liz Lucking

Source: https://www.barrons.com/articles/most-expensive-listing-in-the-u-s-is-now-50-million-cheaper-01561476073?link=TD_mansionglobal_new_mansion_global.11147f181987fd93&utm_source=mansionglobal_new_mansion_global.11147f181987fd93&utm_campaign=circular&utm_medium=PENTA

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