Highest-Priced Home For Sale In The U.S. Is Now This $245 Million Former Private Listing

After a little while as a private listing, the 10-acre Los Angeles estate belonging to now-deceased billionaire Jerrold Perenchio (No. 717 on Forbes Billionaires in 2017) has come on the multiple listing service with an asking price of $245 million and a bevy of brokerages representing the property, as the Los Angeles Times reported. This is after being quietly shopped around for the eye-popping price of $350 million as recently as August 2017.

There are a few U.S. homes that have had higher asking prices, most notably the not-yet-on-the-market $500 million home dubbed “The One” that is a Bel Air new build not too far away from this one. Another Bel Air home entered the market for $250 million in 2017, but the 17-bedroom, 21-bath property has since lowered the price to $188 million (which would make it $100 million more than the nearby, and very similar in style, place asking $88 million). A four-floor condo in Manhattan asked $250 million but its final sales price has not been disclosed. The highest-priced sale on record for the Los Angeles area is the $110 million Malibu home sold by Hard Rock Cafe cofounder Peter Morton.

Perenchio’s pad, located at 875 Nimes Road and named Chartwell (perhaps named after the 14th-century British estate where Prime Minister Winston Churchill lived for over 40 years), didn’t start out on the full 10.3 acres. He purchased several of the adjoining lots, including land that had been owned by Ronald and Nancy Reagan, to make up the estate as it exists today. The 25,000-square-foot French Neoclassical-style main house was already there, having been designed in the 1930s by architect Sumner Spaulding and built out of symmetrically cut limestone, according to the listing. And if the exterior looks familiar that could be because it was used in the intro to The Beverly Hillbillies television show as the new place the Clampetts moved to once they struck it rich.

Perenchio bought the main parcel in 1986 for $13.5 million and a few years later began a major interior revamp overseen by French decorator Henri Samuel, who had worked with famous clients such as the Vanderbilts, Rothschilds and designer Valentino. A major renovation to the exterior by architect Pierre Barbe also took place, reportedly at a cost of $9 million.

 No interior pictures of Chartwell have been released as yet, but there are a few of the exterior and grounds. There’s a 75-foot outdoor pool and spacious pool house at one end of the property.

The gardens have a strong European influence, with high boxwood hedges creating several “garden within a garden” enclosures throughout the estate. Outdoor sculptures are subtly incorporated in the design.

There are also manicured gardens with privacy walls and a pagoda-style building at one end.

There isn’t a photo of the Wallace Neff designed five-bedroom guest house, but it is one of the buildings that comes with the sale. The property also includes a wine cellar with room for 12,000 bottles, a ballroom and underground garage with enough room for 40 cars.

The property is represented across three separate brokerages. For Hilton & Hyland, the agents are Drew Fenton, Gary Gold and Jeff Hyland. Berkshire Hathaway HomeServices California Properties agents Drew Gitlin and Susan Gitlin rep the property and for Coldwell Banker Global Luxury the agents are Joyce Rey, Jade Mills and Alexandra Allen. You can find more information on the listing page. 

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This post first appeared on Forbes.com. To see the original, click here.