Property Development

America’s Most Expensive Home Hits the Market

America’s Most Expensive Home Hits the Market
Written by The ReReport
As seen in the Source link, written by on 2019-10-24 10:21:50

If these walls could talk

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, greenhouses and Koi ponds.

To date the most expensive home to sell in the 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.