Bel-Air's Chartwell estate sells for about $150 million, a new California price record
Some know it as “The Beverly Hillbillies” mansion, others as Chartwell. Now, it has a new name: California’s chart-topper.
The Bel-Air residence of late media mogul A. Jerrold Perenchio has sold for the highest price in California history, about $150 million. Although the exact number isn’t clear, people familiar with the deal who asked for anonymity because they were not authorized to comment told The Times the closing price was well above the $119.75-million sale of the Manor in Holmby Hills earlier this year.
Priced as high as $350 million as a pocket listing, the estate centers on a 1930s French neoclassical-style chateau of 25,000 square feet that sits on 10 acres. Also trading in the deal was the former home of President Reagan and his wife, Nancy, which sits behind the main estate.
The sale of Chartwell is just the latest for a high-end market that has seen a surge of huge deals in recent years.
Since 2016, Los Angeles has had six sales of at least $100 million or more. Of California’s seven sales of $100 million or more, only one sits outside of L.A. County: the $117.5-million deal for a massive compound in Northern California’s Woodside community in 2013.
https://www.latimes.com/business/real-estate/story/2019-12-11/chartwell-perenchio-estate-bel-air-sells-california-record
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