Californias most expensive home is listed for $160 million

Table Of Content

• Most expensive home in America lists for $295 million, may head to auction
• More From the Los Angeles Times
• The Power of Landscaping: How to Increase Your Property’s Value with Simple Updates
• Record deals and tax-avoidance maneuvers: Southern California’s priciest sales of 2023
• Multilevel marketing mogul sells Irvine mansion for $25 million, a new record
• $169M Trophy Penthouse in NYC Is Now the Most Expensive Listing in the U.S.

If the Carpinteria estate receives its full asking price, it will be the second most expensive home ever sold in California, following only behind Jeff Bezos’ Warner Estate, costing $165 million. For guests or staff, it has a three-bedroom guest house with its own infinity pool. Kirman added that the property is more than a house — it's a full-scale private resort for "the billionaire buyer who wants all-inclusive living."

Most expensive home in America lists for $295 million, may head to auction

The financier and philanthropist has also decked the abode out with an impressive collection of art, including pieces by Edward Hopper and Cy Twombly. A portrait of George Washington in the home’s study was originally commissioned by Benjamin Franklin himself. To compile this list, we sourced the data from well-known real estate listing websites like Zillow, Trulia, and Redfin. The process involved accessing readily available information on these platforms, making it a straightforward endeavor. According to Iglesias, the construction manager handling the development estimated that the permitted compound will cost in excess of $135 million to build.

More From the Los Angeles Times

Before joining The Times as an intern in 2017, he wrote for the Columbia Missourian and Politico Europe. The home boasts a number of resort-like amenities, including a pool, pool house, and tennis court. Casa Encantada is a Depression-era construction, built on approximately 8.5 acres of prized Bel-Air property in the 1930s. It was first conceived as a the dwelling of widow Hilda Boldt Weber, who was married to successful glass manufacturer Charles Boldt.

The Power of Landscaping: How to Increase Your Property’s Value with Simple Updates

Situated on 10.4 acres in the middle of posh Bel Air, Chartwell has a wine cellar that holds 12,000 bottles, a car gallery for 40 cars, a 75-foot pool with pool house, and a five-bedroom guest house. As if that’s not enough, its location boasts views from downtown to the Pacific and a French chateau-style garden maze. Nestled above the San Dieguito Lagoon, this home captures quintessential Southern California views. Positioned in one of the most sought-after neighborhoods in Del Mar where buyers are willing to pay premium prices (over $3 million to be exact), this residence epitomizes seaside living. With dual primary suites on opposite wings, sliding glass doors seamlessly blend indoor and outdoor spaces, showcasing a wraparound deck. With real estate expertise and local knowledge, your Premier agent can help you get the best deal when buying or make the most money possible when selling your luxury home.

Record deals and tax-avoidance maneuvers: Southern California’s priciest sales of 2023

The left portion of the estate will consist of a guest house spanning approximately 26,000 square feet, while the main house, located at the top of the hill, will measure about 52,000 square feet in size. Also included in the plans are indoor and outdoor swimming pools, multiple car galleries, a bowling lane, a theater and spa facilities. Built on a leveled mountain, it has views of the Pacific Ocean, downtown Los Angeles and the San Gabriel Mountains. It has seven water features, including a massive moat that runs around the property.

Look inside the most expensive home sold in San Diego County last month — the Crescent House mansion - NBC San Diego

Look inside the most expensive home sold in San Diego County last month — the Crescent House mansion.

Posted: Tue, 12 Sep 2023 07:00:00 GMT [source]

People involved in the court process said "The One" would have to sell for around $200 million just to pay back the debt, including the auction fees and other costs. If it sells for less, the lenders may have to take a loss, or the property could wind up in further foreclosure litigation. A 105,000-square-foot megamansion, known as "The One," in the Bel Air section of Los Angeles listed Friday for $295 million, making it the most expensive listing in America. If $160 million is a bit rich for your blood, or the estate is a few acres more than you can handle, the Kovners may be willing to sell a portion of the property. A 10-acre parcel, which includes the property’s original home, could be purchased for $80 million. “There are two coastal access points—one is private access, down beautiful stone steps to the beach.

The two-house compound, which is accessed from a private cul-de-sac, is spread across five adjoining ... Beyond the living room and kitchen, the estate is a maze of unique interior design tips that epitomize contemporary Santa Barbara living whilst honoring timeless features. These include a wood-paneled library and ornate mantlepieces that offer a blanc design canvas with a historical twist. Williams said he has two offers on the table — one from a Saudi royal and one from a wealthy Chinese buyer. He said more offers are expected soon from crypto buyers who are "looking at this house as their own space station."

Multilevel marketing mogul sells Irvine mansion for $25 million, a new record

He told the Wall Street Journal that he started with a 3.5-acre parcel along the coast in 2017, and went about adding adjacent parcels one by one. The Sanctuary has been carefully developed and curated over the past 14 years by Bruce Kovner, a retired hedge fund manager. The Southern California median home prices rose 17% to a record high in July, though there are some signs the market is cooling. Kurt Rappaport of Westside Estates Agency holds the listing with Drew Fenton of Carolwood Estates. The aesthetic updates as well as the installation of new heating, cooling, plumbing, and electrical systems costs tens of millions of dollars, the Winnicks told WSJ. Presumably, the cost of the renovations would be more than recouped should the Winnicks secure an offer around their asking price for the mansion.

"Demand for U.S. real estate is through the roof because the dollar is weak and people want real tangible assets." Loon Point has taken over the title of California’s most expensive home, set back in March by yet another multihome compound in Northern California. Still on the market for $135 million, the Woodside, CA, property consists of 74 acres and seven houses. Views are the main attraction in the other home, as arched walls of glass line the living spaces and take in views of the coast. The Carpinteria compound is owned by Bruce Kovner, an investor and hedge-fund manager who serves as chairman of the board of the Juilliard School.

This contemporary gem is located in the desirable Palos Verdes Estates neighborhood where homes frequently sell over the $2 million mark. “961 Via Rincon offers a luxurious coastal living experience with mesmerizing ocean, city and mountain views. This exquisite property includes spacious living areas and modern amenities in one of Southern California’s most coveted neighborhoods,” shares listing agent Rick Wilkinson.

With its 22 acres of lush landscaping, the land divides into five parcels – featuring two distinct estates, Ocean View and Bellevue – connected by a private road. These Mediterranean-style mansions are something to behold, but much of their grandeur remains hidden from the public underneath its terracotta tiled roof. Yet lenders and brokers hope the property is coming to market at an ideal time. Sales of properties priced at $10 million or more doubled in 2021 compared with 2019, before the pandemic, with a total of 312 sales, according to Miller Samuel.

During her BA in English Literature and Creative Writing, she gained writing experience in the US while studying in New York. Megan also focused on travel writing during her time living in Paris, where she produced content for a French travel site. She currently lives in London with her antique typewriter and an expansive collection of houseplants. Sanctuary at Loon Point similarly resets Carpinteria’s garden ideas with its exquisitely designed courtyards, complete with marble statues and its ocean-view terraces. The interiors continue to reshape elegant kitchen and living room ideas, most particularly through its open-plan design that combines the two spaces to create a large space for entertaining. Sanctuary at Loon Point, California’s most expensive home, has just entered the market – with a price tag of $160 million (£117.4 million).

Custom cabinetry, 1920s-era light fixtures, Loewen doors/windows are seen throughout the home, adding charm everywhere you look. Located in Newport Beach and just steps from the sand, its tri-level design features a 3rd-floor deck with ocean vistas. Elegant shell beach floors, white oak doors, and subtle copper accents set a beachy tone. Details exude coastal charm, from harmonious palettes to exquisite finishes. Newport Pier, dining, shopping, and more are close by, it’s no wonder buyers are willing to pay top dollar to secure a home in the Newport Beach housing market and experience unparalleled coastal living. According to Iglesias, the high price reflects not only the size and scale of the property but also the cost to build an estate that would be impossible to replicate.

Russian billionaire Yuri Milner set a record in California for buying the most expensive single-family home ever sold in the U.S. The home itself is a French chateau featuring a theater, ballroom, wine cellar, plus indoor and outdoor pools. This Beverly Hills house has more than 19 bedrooms within its 50,000 square foot floor plan. It was used in The Godfather, and President John F. Kennedy and his wife once vacationed here. Oh, and the original owner was none other than the legendary publishing magnate William Rudolph Hearst.

If it doesn't sell quickly, "The One" heads to auction in February and will be sold to the highest bidder. After spending so much time and effort to carefully assemble this prestigious property along the Central Coast, why are Kovner and his wife, Suzie, ready to part with it? They’re reportedly spending more and more time on the East Coast, where they have two homes in New York and one in Florida. Shaped like a “U,” one house opens to a loggia that wraps around a swimming pool and spa. California’s most expensive residential property isn’t found in Los Angeles County or the Bay Area, but the low-key beach city of Carpinteria. In the small oceanfront community, a 22-acre spread known as the Sanctuary at Loon Point just surfaced for sale at $160 million.

Hilton & Hyland is a founding member of Forbes Global Properties, a consumer marketplace and membership network of elite brokerages selling the world’s most luxurious homes. The most expensive property ever sold in California was the so-called “Beverly Hillbillies Estate” in Bel-Air that sold in 2019 for $150 million, The Los Angeles Times reported. The buyer was Lachlan Murdoch, son of media tycoon and News Corp founder Rupert Murdoch.