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SoCal Mansion on Market for $165M [Beverly Hills]
Yahoo! News ^ | July 10, 2007

Posted on 07/10/2007 8:46:56 PM PDT by 2ndDivisionVet

A mansion that once belonged to publishing magnate William Randolph Hearst was put on the market Monday for $165 million.

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.

The estate was also featured in the film "The Godfather."


TOPICS: Business/Economy; Culture/Society; Extended News; US: California
KEYWORDS: billionaires; mansions; mortgages; realestate; wealthy

1 posted on 07/10/2007 8:46:58 PM PDT by 2ndDivisionVet
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To: 2ndDivisionVet

It’s a nice looking place, but I wouldn’t live in Beverly Hills or anywhere else in Los Angeles County if they gave it to me.

It took me 25 years to escape Los Angeles and move to Small Town USA. I’ll never go back!


2 posted on 07/10/2007 9:17:57 PM PDT by MarineBrat (My wife and I took an AIDS vaccination that the Church offers.)
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To: 2ndDivisionVet

$165 million is a insane number for that property, no matter what it’s history.

Plus you have to sleep in the bedroom where Luca Brazi left a little present for Mr. Waltz. Ahhhhhhh!!!! Ahhhhhhhhhh!!!!!!


3 posted on 07/10/2007 9:23:44 PM PDT by Proud_USA_Republican (We're going to take things away from you on behalf of the common good. - Hillary Clinton)
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To: 2ndDivisionVet

That the crib that was in Godfather one OH Man that where they put Horse in the bed RIGHT


4 posted on 07/10/2007 9:47:05 PM PDT by SevenofNine ("We are Freepers, all your media belong to us, resistence is futile")
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To: Proud_USA_Republican

Yeah you are right Luca Brazi would leave you a present as housewarming gift LOL!


5 posted on 07/10/2007 9:55:06 PM PDT by SevenofNine ("We are Freepers, all your media belong to us, resistence is futile")
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To: 2ndDivisionVet

The $2 million/year prop tax bill would sour me on the place, otherwise I’d go for it.


6 posted on 07/10/2007 10:03:52 PM PDT by Attention Surplus Disorder (When Bubba lies, the finger flies!)
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To: 2ndDivisionVet
It's killing me that the Boss got that place for $120,000...that it was once possible for anybody to get a spread like that for $120K. Wild.
7 posted on 07/10/2007 10:03:57 PM PDT by RichInOC ("Beverly Hills, that's where I wanna be...livin' in Beverly Hills....")
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To: RichInOC
In 1947 dollars, a typical home in California might cost $8,000. So mansions for the rich were priced right around that level in an era when there were no billionaires. I think $165 million is a lot to pay for a 29 room home. And I don't even want to look at that propety tax bill.

"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelologus

8 posted on 07/12/2007 5:58:01 AM PDT by goldstategop (In Memory Of A Dearly Beloved Friend Who Lives In My Heart Forever)
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To: 2ndDivisionVet

It sounds more like a hotel than a home.


9 posted on 07/12/2007 6:02:01 AM PDT by Ditter
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