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Published: Fri, August 11, 2017
Culture | By Antonia Gonzales

America's most expensive home is on sale for $350 million

America's most expensive home is on sale for $350 million

The asking price for the Bel Air estate, known as the "Chartwell", is on the market for $350 million.

Perenchio bought the estate, named "Chartwell", in 1986.

His film production credits include Blade Runner and Driving Miss Daisy, and his Embassy Pictures company sold to Coca Cola for a cool $485 million in 1985.

It was built by architect Sumner Spaulding in 1933, inspired by 18th-century French Neoclassical design, and is rumoured to be connected by a series of lifts and tunnels.

These days - even factoring in inflation - the Beverly Hillbillies' newfound oil wealth of $25 million could barely cover a down payment on the home. Perenchio purchased it in June 2016 for $15 million.

It has a ballroom, world-class wine cellar, formal salon and period-panelled dining room - which were home to notorious caviar-filled parties which the likes of Lady Gaga performed at.

The estate sits on just over 10 acres of land. The most recent was a 1.3-acre lot on Nimes Road, for which he paid $9.2 million in 2009.

On the grounds, you've got gardens (currently "expertly manicured" - you'll want to keep them that way), a tennis court, a 23-metre pool (with pool house), and covered parking for 40 cars, presumably including a Clampett-style jalopy heaped with junk.

The listing is held by Jeff Hyland, Drew Fenton, and Gary Gold of Hilton & Hyland; Joyce Rey, Jade Mills, and Alexandra Allen of Coldwell Banker Global Luxury; and Drew Gitlin and Susan Gitlin of Berkshire Hathaway HomeServices.

Part of Perenchio's expansion includes the former home of Ronald and Nancy Reagan, located across the street, according to Variety.

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