The home comes with a lighted tennis court, basketball court, a full guest house and multiple greenhouses.The pool house features a professional screening room, formal bar, and vistas to the rose gardens.Jeff Hyland of Hilton & Hyland is the real estate agent behind the listing.Quotes delayed at least 15 minutes. Financier Gary Winnick’s 40,000-square-foot trophy perched above the Bel-Air Country Club is listing at a lofty price amid a mega-mansion glut in Southern California. Discover agent profiles and listings provided by Casa Encantada Realty of Taos. Leitereg graduated from Arizona State and covered real estate news for Realtor.com before joining The Times.Kunal Nayyar of “The Big Bang Theory” has sold his compound in the Hollywood Hills. The Bel-Air home of financier Gary Winnick — a 40,000-square-foot 1930s-era trophy perched above the Bel-Air Country Club — has twice set the record for highest price of a residential real estate sale in the U.S.Now, the storied estate is listing for sale at $225 million, making it the most expensive home publicly listed in the United States and a contender to unseat the current California recordholder for selling price: $119.75 million set this year when the But the estate, graced with ionic columns and formal gardens, arrives on the market in the midst of a downturn.After years of record trading, the high end has cooled this year. Real-time quotes provided by This material may not be published, broadcast, rewritten, or redistributed.
“Land in Bel-Air is trading at about $20 million an acre,” he said.
Asking price: $10.5 million.A Hollywood Hills home built for Claire Windsor and later owned by musician Chris Cester is for sale at $3.35 million.Eli Broad’s sleek Malibu home, once listed at $75 million, is now on the market for $62 million.California officials will mark the Labor Day holiday by sending a $900 supplemental unemployment benefit to jobless residents.Gold Medal International is sitting on millions of dollars worth of socks at its North Carolina warehouse that it can’t ship to stores.Ahead of Labor Day, unions representing millions of U.S. workers are threatening to authorize work stoppages in support of Black Lives Matter.How many more scorched summers can the king grape of Napa Valley survive?As Kimberly Holman-Maiden’s family pub struggled, she set out to help other Los Angeles mom-and-pops survive. Following his death in 1979, it was purchased by Murdoch for $12.4 million, a U.S. record at the time.Like many homes with generational ownership, Casa Encantada was in need of renovation when Winnick purchased it in 2000. You can learn about Casa Encantada Realty in Taos, NM by visiting realtor.com(R). Sales of $20 million or more have declined by more than two-thirds (109 transactions as of September 2019 versus 352 transactions during the same period in 2018).One of the growing problems on the Westside: a market flooded with contemporary mansions built on speculation, with new ones entering the market each day, and a buyer pool that has remained static.“It is not unusual to start seeing a glut of supply in any property type, mansions included, this late in an expansion cycle,” UCLA real estate professor Paul Habibi said. Its craftsmanship is unrivaled, he said, and it’s hard to imagine someone offering a dissenting opinion.The office itself, clad in rich walnut with steel-framed windows looking out on manicured gardens, is both a place of business and solace for the billionaire.Winnick was founder and chairman of Global Crossing, which in the 1990s installed fiber-optic highways across the seafloor to create a global network connecting four continents and 27 countries.He resigned prior to a reorganization of the company in 2002, the same year the telecommunications giant became one of the biggest U.S. firms ever to go bankrupt, part of the devastating bursting of the tech bubble.Framed pictures of Winnick with world leaders and business elite are interspersed among floor-to-ceiling bookshelves. Absolutely not,” Hyland said.
He’s found a way to connect his two passions: real estate and sports.
The most expensive listing in America is on the market for $225 million.The Conrad Hilton estate, also known as Casa Encantada, has come on the market for the first time in decades after being built in 1938, the era of old Hollywood.Over its 80-year history, the mansion became home to some of the most lavish social, charitable and political events at the property, featuring Hollywood royalty and presidents alike.Conrad Hilton, the founder of the Hilton Hotels chain, owned the home for over two decades, and now Hilton & Hyland, the real estate agency cofounded by his grandson, Rick Hilton, is listing the property.The 40,000-square-foot modern Georgian was designed to give the homeowners city, ocean and garden views from all 60 rooms.The mansion boasts 18-foot ceilings in the entry hall, which leads to a reception hall, dining room and living spaces. The mansion and grounds have hosted some of the most significant social, charitable and political events in the United States, welcoming Presidents and Hollywood royalty alike. Robsjohn-Gibbons, the latter being America’s preeminent interior designer in the 1930s and ’40s, were hired to create custom-made furniture, carpets and fabrics for the home. A portrait of George Washington, which Winnick believes was used on the dollar bill, sits above the fireplace; on a mantle across the room is a framed copy of the It’s the type of space that conjures visions of business titans completing deals over a conversation and a handshake — a scene somewhat reminiscent of how Winnick came to own the home in the first place.Prior to buying Casa Encantada in 2000, Winnick had a different plan.
Neal J. Leitereg covers celebrity real estate for the Los Angeles Times’ Business section. Neal is regular contributor to the Hot Property blog, keeping tabs on the luxury digs of L.A. sports figures. In the den/card room, a decadent oval bar shimmering in sterling silver anchors one wall.
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