Please fill out this field with valid email address. For generations, Bel Air has ranked among the most prestigious residential communities in the city of Los Angeles. Casa Encantada is a 40,000 square foot mansion that sits on 8 acres above the Bel-Air Country Club. Plus, get a free tote bag! Save up to 70% off the cover price and get free digital access. Los Angeles County has seen five sales of $100 million or more. Architect James E. Dolena designed the estate in the shape of an H to provide city, ocean and garden views from all 60 of its rooms. A north-south lighted tennis court and separately constructed basketball court, full guest house, greenhouses, and house manager’s quarters along with koi ponds and irreplaceable landscaping makes this arguably one of the finest estates in the world. According to the Los Angeles Times, Casa Encantada—which translates to charmed house in Spanish—has not once but twice set the record for the country’s highest residential real estate sale. FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. With no neighbors and surrounded by the fairways of the Bel-Air Country Club golf course, the compound is expansive, private and secure and is less than ten minutes to Rodeo Drive. Terms & Conditions. Plus, get digital access and a free tote bag. All rights reserved. Casa Encantada, which translates to Haunted House, is located on Bellagio Road and surrounded by the, purchased the home for $225,000 in 1950 and owned it for almost 30 years. But still Southern California’s luxury and high-end market has been cooling off all year. The Casa Encantadaat 10644 Bellagio Roadin Bel Air, Los Angelesis a large detached neoclassicalstyle house completed in 1938. If you actually want to make Casa Encantada your casa, Beverly Hills-based Hilton & Hyland is the listing agent for the property. Furnishings and interior designs were created by the iconic T.H. A second-quarter report from Douglas Elliman showed that sales continued to slide despite rising prices and expanding inventory. The … , purchased it in 2000 for $94 million — another record for the country. In 2016, The Spelling Manor’s neighbor, the Playboy Mansion, sold for $100 million. Casa Encantada, which includes 8 acres and a 40,000-square-foot home with expansive views of the city and ocean, has hit the market for the first time in decades. CASA ENCANTADA BEL AIR, CA 90077 PRICE UPON REQUEST . The home’s second story features living quarters that perfectly juxtapose the residence’s entertainment-centric first story. A massive estate in Bel-Air, which twice set the record for priciest home sale in the United States, is back on the market with what is now the most expensive price tag in the country. also each owned homes in Malibu that sold for more than $100 million over the past two years. 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In 2000, Winnick bought the home from Murdock for a reported $94 million and soon led a project to restore the property to its former glory. Then Winnick, founder and chairman of Global Crossing, purchased it in 2000 for $94 million — another record for the country. The 40,000 square foot mansion, built in the 1930s and sitting on 8 acres above the Bel-Air Country Club, is better known as Casa Encantada. RR1 is the private membership club that brings the pages of Robb Report to life. Drew Fenton. With a seemingly impossible intimate feeling, the estate welcomes guests with curved iron gates that swing gracefully from stone bases. It features 60 rooms with a reception hall and grand formal rooms. It was designed by architect James E. Dolena, and completed in 1937. Should the property trade for anywhere near its asking price, it would crush the reigning record sale in California, which was set by the former Spelling Manor in Holmby Hills, which traded for $120 million over the summer. Impressum |  Datenschutz | Privatsphäre |  Disclaimer | Nutzungsbedingungen | Werben auf BI. Others are on the way, too. Much of the issue stems from prolific developers who oversaturated places like Bel-Air and Holmby Hills with spec mansions despite the slowing rate of completed deals. Hotel magnate Conrad Hilton purchased the home for $225,000 in … Architect James E. Dolena designed the estate in the shape of an H to provide city, ocean and garden views from all 60 of its rooms. Former movie producer Nile Niami is building a 100,000-square-foot monster of a home that is expected to hit the market with a price tag around $500 million. Read the latest edition of the Commercial Observer online! The sweeping driveway guides through lush, green surroundings to lead visitors into the warm embrace of the main residence. © 2020 All Rights Reserved. It had custom furniture, carpets and fabrics made by two of America’s leading interior designers. There’s a pool house—with a second bar, of course—and its own a professional screening room. The best of everything is waiting for you! Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell My Personal Information | Ad Choices