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A Look at the Second-Most Expensive Property Sold in America

In what is considered to be the second largest residential sale in American history, the property of Univision chair Jerrold Perenchio’s mansion, including an 11 acre estate, has finally been sold.

Two years since Perenchio placed “Chartwell” on the real estate market it has been picked up for a cool $150 million, which may sound a lot but is in actual fact only a third of its original asking price – an overly optimistic $350 million.

Known to some as the “The Beverly Hillbillies” mansion, the exact figure of the sale has not been announced, however the property was bought by the Australian-British-American businessman son of media mogul Rupert Murdoch, Lachlan Murdoch, whose lower offer has been formally accepted.

The billionaire co-chair of News Corp will have plenty of space to play with. As well as the 11 acres and the mansion, there are a further five properties on the estate, bought over time by Perenchio.

The main mansion is a 25,000-square-foot 1930s French neoclassical style chateau that sits nicely in eleven acres of land. Also included is another property just behind which was purchased from former President Ronald Reagan and his wife Nancy.

Picking up its nickname due to it being used in the credits of “The Beverly Hillbillies” sitcom – although filming was never conducted there – the estate has more recently been thought of as one of LA’s greatest properties.

The property was originally designed by architect Sumner Spaulding and although the estate is clad in limestone, there are many Gatsby-esque attractions including formal rooms, a vaulted foyer and the stunning ballroom.

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There is also a custom wine vault enabling a wine collector to collate around 12,000 bottles.

Although the 26 room mansion was commissioned by civil engineer and contractor Lynn Atkinson as a gift to his wife – who was an established socialite at the time – it is believed the couple never actually resided in the property.

The property unfortunately became something of a dud decision as the “house with the golden door knobs” gave Atkinson an extremely large tax bill.

In an attempt to reduce this bill Atkinson entered a long disagreement with the county Board of Equalization as he claimed the value of the property had been vastly over assessed and eventually he had it devalued from $165,000 to $70,000 in 1943.

Atkinson was reported at the time as saying that “I can’t live in the property with the taxes as high as they are, and no one else can.”

The issues with the tax bill does not seem to have changed much with the Murdochs now possessing a property which has one of the largest yearly tax bills in the entire Los Angeles area — a reported $1.3 million.

Perenchio passed away at the age of 86 in 2017 and had bought the property for a mere $14 million in 1986. In the 31 years he owned the estate he hired architect Pierre Barbe and designer Henri Samuel to restore the property, creating a cellar to house his private wine collection – one of the biggest in California – and a Versailles-like palace for his established art collection.

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He then went on to snap up the Reagans’ home for $15 million in 2016 after Nancy had also passed.

Hidden behind walls and hedges the property is not visible from the street so passers-by cannot view the tennis court, the pool house beside the 75 foot swimming pool, the manicured lawns, or even the stunning water fountain features.

There are also several items that have been created beneath the estate. As well as the wine cellar there is a subterranean garage, allowing up to 40 vehicles space to park. There is also a (not so) secret tunnel that runs from the basement along to the swimming pool.

Perenchio’s estate included many more properties and since his death many have been sold, including a property opposite Chartwell that was utilized as Perenchio’s own vineyard that sold last month for $12 million. He has also had properties in Malibu sold off.

The title of the most expensive property ever sold in America still sits with billionaire Ken Griffin who splashed out a staggering $238 million on a penthouse in New York City’s 220 Central Park South.

Covering an enormous 23,000 square foot and taking over floors 50 – 53 at the city’s skyscraper, designed by Robert A.M. Stern, the property was just one that Griffin picked up over a two year period. He has also bought a $122 million mansion in London, England, which is close to Buckingham Palace, making it one of the most expensive properties ever sold in the capital.

He also owns $58.75 million worth of a condominium in Chicago, a $60 million beach house in Malibu and around $250 million on land in Palm Beach, Florida, where he is planning on building himself a mansion.

Real Estate

Ellen DeGeneres’ Hidden Real Estate Empire

Not many people know about Ellen DeGeneres’ extensive real estate dealings, a source of both fun and profit for her and her wife, Portia De Rossi.

Palm Trees

Justin Bieber Hints That His LA Mansion Is Up For Sale

In true celebrity style, Justin Bieber has decided to try and sell his Beverly Hills mansion in his own “I don’t care” way, by showcasing pictures of his prestigious property on social media.

Posting over a dozen pictures and videos showing off his lavish 6,123 square foot pad, which he allegedly bought for $8.5 million just a few months ago, Justin revealed the innermost secrets of the property he shares with his wife Hailey and was quoted as saying ‘Home vibes, but I wanna sell it I think anyone interested?. He then continued with ‘I think I wanna sell my home in Beverly Hills who wants it,’ and ‘I’ll sell it with all the furniture . MAKE AN OFFER.’ Many of the photographs taken are off center, or include the stars legs and feet, but when you are a musical superstar, the quality of the shots doesn’t really matter too much! 

The luxurious home comprises five-bedrooms, seven-bathrooms and boasts a wet-bar, a wine cellar and even a home theater! In one photo, Justin can be seen sprawled on his giant grey sofa with his two cats and a large I LOVE YOU print hanging alongside. The property is extremely spacious and airy, with light wood and steel appearing regularly throughout the rooms. The ceilings are lit with spotlights to add height and the open plan theme allows each room to effortlessly flow into another. 

In another photo, Justin is seen sitting on the wooden staircase alongside a tropical themed feature wall complete with a neon ‘The Tropics’ sign. This reference may come from the fact that prior to Justin buying the house, it was posted by broker Hilton & Hyland with the nickname ‘The Tropics’.

Anyone wanting to purchase the plush pad with all its contents may want to consider the artwork; there are giant sized pictures of the couple in very public displays of affection adorned on several walls, including in their quirky zen seating area which comes complete with fluffy white rugs, candles, yellow flower arrangements and a cute swinging chair.

Gaming fans would be particularly taken with Justin’s outstanding arcade game collection and the colourful snowboards that adorn the staircase provide yet another insight into the passions of the popstar.  And In a nod to his clothing brand, Drew House, Justin has a painting of the logo on display, as well as a collection of KAWS plush toys, designed by Brian Donnelly.

Further attributes include white oak floors, a marble-framed fireplace and a wood-paneled library. A sunken living room adds a unique appeal as does their Art-Deco themed bar and temperature-controlled wine cellar. There’s even a splash of banana print wallpaper which again lends to their youthful and playful nature. 

All joking aside, it might appear that Justin could have stumbled upon a potential new career in real estate should his musical career start heading southwards. His social media posts according to TMZ, have reportedly attracted at least 5 serious offers, including a billionaire from a very famous family who is keen to become the property’s new owner.

Bieber House

Justin is not alone in his decision to buy and sell quickly; celebrities are known for owning numerous properties and it is unclear what exactly prompted Justin’s decision to try and sell his property so soon. Some have speculated that it could be time to set up a new family home with Hailey, having recently returned from their star-studded second wedding ceremony in South Carolina. Although they are believed to have married for the first time in 2018, this was their opportunity to celebrate in style with their family and friends. 

Despite their whirlwind engagement and marriage, Justin and Hailey have actually known each other for over 10 years, having first been introduced by Hailey’s actor father Stephen Baldwin.  They have been suspected of dating on and off over the years in between other relationships, which included Justin dating Selena Gomez several times. However, both parties continued to deny reports of a relationship and maintained that they were just good friends. It wasn’t until 2016 that it was confirmed that they were dating, but they still maintained they were not an exclusive couple. Later that year the couple broke up and resumed dating other people. It was not until 2018 that they officially became a couple, with their engagement and marriage following a few months later.

Where Justin and Hailey may move onto next is anyone’s guess, although sources have suggested they are still looking to remain in the LA area.  Clearly, their long history means they both know each other incredibly well and will be eagerly searching for their dream home together. Wherever they choose to settle, judging by these photographs, it is sure to be just as impressive!