This was once the priciest home for sale in the US asking a sky-high $250M and now its back on the market
The unsold Los Angeles megamansion that Conrad Hilton and David Murdock have both called home just got a price boost. The Bel-Air estate, known as Casa Encantada, once carried the prize for the most expensive home for sale in the United States two years ago with a whopping $250 million price tag.After several subsequent price cuts, the 60-room abode returned to the market last week with a lower — but still eye-popping — $175 asking price, Mansion Global reported.Russian architect James E.
Dolena built the home in 1937 for the widow of a glass manufacturer.The traditional-style home spans a colossal 40,000 square feet on an 8.4-acre property. At its current $175 million listing, Casa Encantada isn’t even the most expensive home on sale in Los Angeles, but the seven-bedroom, 20-bathroom property still stands out. Its former owner, the late billionaire financier Gary Winnick, purchased the dwelling in 2000 for $94 million, and hired leather-loving starchitect and designer Peter Marino to restore its former Deco Hollywood glory.
The palatial mansion’s luxurious interiors include hand-lacquered dining room walls, a walnut-paneled library and an Art Deco-inspired living space.The next owner of Casa Encantada will also enjoy a 60-foot tiled pool, manicured botanical and vegetable gardens, a tennis court with a viewing pavilion and sprawling lawns overlooking Bel-Air Country Club.Hotelier Conrad Hilton, who once called it “The House Where Dreams Come True,” bought the home in 1950 for $225,000.The billionaire businessman David Murdock took up residence for $12.4 million in 1980 following Hilton’s death.
The home hit the market for the first time this century in June 2023, just five months before Winnick died at the age of 76.The initial $250 million asking price made a splash, but attracted no successful offers.By late 2024, the listing hit a low of $165 million before being taken down. “If this was 2017, the house would be sold by now, but given the...