- A 40,000-square-foot Bel-Air estate , known as Casa Encantada, has hit the market with an asking price of $225 million, making it the most expensive property currently listed for sale in America, according to The Los Angeles Times .
- The estate traces its roots back to the 1930sand was once owned by hotel magnate Conrad Hilton .
- The property was later sold to Dole Food CEO and Chairman David Murdock for $12.5 million; Murdock then sold the home to financier David Winnick in 2000 for $94 million.
- At each of the last two times it was on the market, Casa Encantada was the highest-priced residential property in the US, reports the Times and if bought for its current asking price, the home will bypass the Spelling Manor to become the most expensive home ever sold in California.
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The most expensive house for sale in America is a $225 million Bel-Air estate built by a rejected socialite and once owned by the founder of the Hilton empire. Take a closer look at the sprawling property.
Courtesy of Hilton Hyland
Located in Bel-Air, the estate (called Casa Encantada or "House of Enchantment") is nearly 40,000 square feet. According to Los Angeles Magazine, the land was initially bought in 1934 for $100,000 by Hilda Boldt Weber, the widow of a glass manufacturer. Weber then commissioned architect James Dolena to build her the massive estate.
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Bel-Air estate Casa Encantada might soon become the most expensive home ever sold in California, reports the Los Angeles Times.
The 40,000-square-foot property has hit the market with an asking price of $225 million making it the highest-priced home currently on the market anywhere in the country, per the Times.
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Currently owned by financier Gary Winnick , the estate traces its roots back to the 1930s, when it was built for the widow of a glass bottle manufacturer. Since then, it has had many owners. In 1950, it was purchased by hotel magnate Conrad Hilton for $250,000 (or about $2.4 million today), then sold in 1979 to billionaire David Murdock, the chairman and CEO of Dole Foods, for $12.4 million , the Times reports.
In 2000, Winnick bought the home from Murdock for a reported $94 million and soon led a project to restore the property to its former glory.
While a PR representative for the estate told Business Insider that interior photos of the property in its current state aren't being released, you can keep reading for a look back at the home's original 1930s glory and to learn more about its history.
See Also:
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- The founder of Reebok has slashed $52 million off the price of his mansion. Take a look inside the $38 million estate, which sits on 7 acres in a ritzy Boston suburb.
- Elon Musk, who claims he's low on cash, recently sold his LA mansion for nearly $4 million and that was just one of several properties he owns in the area. Take a look inside his real-estate portfolio.
- The 15 US cities where it's hardest to get a mortgage, ranked
SEE ALSO: The most expensive listing in San Francisco just received a $4.5 million price cut, but it's still on track to shatter the city's real-estate record take a look inside the gorgeous complex
DON'T MISS: Inside one of the oldest and most expensive mansions in Charleston, which is selling for $15 million and was once owned by Abraham Lincoln's granddaughter
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