Hearst Mansion Up For Sale at a Record 165 Million Dollars
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The records keep falling. The famed Hearst Mansion in Beverly Hills is on the market for the first time since 1976 for a record 165 million dollars. The home was featured in the movie the Godfather (remember the horse head scene) and was the base of the west coast campaign by John F Kennedy so history runs deep through the mansion.
The home if sold at this price will be largest residential transaction in the United States. Other homes in this ball park are Aspen home of Prince Bandar at 135 million, the Spelling Mansion at 150 million, the Saperstein home at 125 million, and the present record sale of the Hamptons property for 103 Million dollars.
The seller, attorney-investor Leonard M. Ross, bought the Beverly Hills property in 1976 and is seeking a “lifestyle change,” said his real-estate broker, Stephen Shapiro.
It is believed to be the nation’s most expensive residential listing. The asking price surpassed the $155 million being sought by developers of a 10-bedroom estate in Montana’s Big Sky country, and the $135 million price of an Aspen, Colo., compound owned by Saudi Prince Bandar bin Sultan, former ambassador to the United States.
Hearst bought the mansion in 1947 for about $120,000. The 1920s-era, pink stucco estate is shaped like the letter H and is spread across 6.5 acres north of Sunset Boulevard.
It boasts three pools, 29 bedrooms, a movie theater, a disco and separate residence for the security staff.
Hearst hosted frequent parties for the famous and powerful there. John F. Kennedy and his bride, Jacqueline, spent part of their honeymoon at the estate in 1953. The pair later returned when the mansion was used as the West Coast campaign headquarters for Kennedy’s presidential campaign. Helena Independent Record.
It probably is a really good time to buy real estate - monthly payments are about equal to market rents ...
The part about the inventory is right on but in my area they are mostly low end and beat up ...
I worked for this man, he is a great con man and has done this in more than States then ...
You're right. If you come from Central Jersey (as the Boss and I do), you go to Florida at some ...
Maybe it was kryptonite...
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The newspaper has always "stuck" it to the real estate agent with rates that were much higher ...
By the way, homeowners trying to get short sale approval should be aware that lenders are comparing the initial loan ...
Ouch! Thankfully I haven't come across anything like that yet. We normally don't have situations like that in ...
well, the guy was here illegally.
serves him right. 
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Pingback by Deja Vu « Smitten By You on 12 October 2008:
[...] http://www.therealestatebloggers.com/2007/07/10/hearst-mansion-up-for-sale-at-a-record-165-million-d... (link to the Heart Mansion, which set a record sale of US$165/million…mahalnyer.. [...]