Tag Archives: expensive real estate

The Most Expensive Residential Listing in America

mansion
According to several news sources, the most expensive residential listing in California and the United States is the home of Candy Spelling, widow of legendary TV producer Aaron Spelling. It’s the largest house in Los Angeles County. A few statistics:
   

            Size 56,500 square feet, slightly bigger than the White House

            Three Stories

            Called the Holmby Hills Estate, also known as “The Manor”

            Style: Looks like a French chateau

The home has a kitchen in which you can cook for 800, an automated projection room, a bowling alley, a flower cutting room, a wine cellar/tasting room, a silver storage room with humidity control. There’s also a service wing to house the bedrooms of five maids two butlers’ suites, one which has a kitchenette. The house is believed to have more than 100 rooms. Spelling said she isn’t sure, she never counted them.

On the outside, there is a parking lot, dubbed the “motor court, which can accommodate 100 vehicles, with 16 carports to boot. There’s a swimming pool with a pool house, tennis court, a koi pond, gardens, and a citrus orchard.

It’s all become a little too much for Spelling, 63, who is downsizing to a 16,500-square-foot condo in Century City.“All the stars came through,” Spelling said of her 18 years in residence. “Prince Rainier, Prince Charles, Jackie Kennedy — every star from every one of Aaron’s shows.

Fred Sands, who once owned one of the nation’s largest real estate brokerages and is now a commercial real estate investor, said prices for houses like the Spelling property tend to be set largely at the seller’s whim — and the listing price could be far from the eventual sale price. “A broker is capable of saying, ‘It’s listed at 150, but make me an offer,’ ” Sands said, “They’d have a better chance at $60 million, $70 million, but it’s an iconic property — who’s to say?”

Yes, it would be hard to make a comparable sales price on this home, since there is nothing like it on the market.  I wonder if guests are given GPS devices when they vist so they won’t get lost?