An LA mansion that was once the most expensive in America got another price cut, to $165 million. Casa Encantada was initially listed for $225 million in 2019; it's been on and off the market since. The seller is the widow of telecom tycoon Gary Winnick, who paid $94 million for it in 2000.
Casa Encantada has many claims to fame. The 40,000-square-foot mansion in the Bel Air neighborhood of Los Angeles was once owned by Hilton Hotels magnate Conrad Hilton and was equipped with walk-in basement vaults to house silver, fur, and wine. After a major renovation, it has modern amenities including a tennis court with a viewing pavilion.
Jeff Bezos once eyed the mansion for himself — then chose one not far away instead. Now the property is $30 million off. Let us explain: The house, nicknamed Casa Encantada, hit the market in October of 2019 asking $225 million, making it the most expensive listing in the country at the time.
It's been on and off the market since then with asking prices as high as $250 million, according to its listing history on Realtor.com and other reports . This week, the 60-room mansion cut its ask to $165 million, a 34% drop from its highest price tag.
It's not the most expensive home for sale in the US — that would be a Naples, Florida, compound owned by the family of late financier John Donahue on the market for $295 million . With the latest price cut, it's no longer the most expensive listing in California. That belongs to the 50,000-square-foot Pritzke.
