Jerry Perenchio’s Epic Bel Air Estate Comes to Market With $350 Million Price Tag

Late Media Mogul Jerry Perenchio's L.A.
REX/Shutterstock

SELLER: Estate of A. Jerrold “Jerry” Perenchio
LOCATION: Los Angeles, CA
PRICE: $350,000,000
SIZE: (approx.) 10.3 acres with 25,000 square foot main house and 5,700 square foot guesthouse

YOUR MAMA’S NOTES: Word on the Platinum Triangle real estate street is that the epic Bel Air compound of recently deceased media tycoon A. Jerrold “Jerry” Perenchio is set to hit the market an elephantine asking price of $350,000,000, making it the most expensive property available on the open market in the United States.

The 10.3-acre spread, known as Chartwell, is anchored by an imperial, limestone-faced chateau-style mansion of about 25,000-square-feet designed by architect Sumner Spaulding in the 1930s for a property developer who built it as a gift for his wife who, unfortunately for him, hated its unabashed opulence and never moved in. The massive mansion sat empty until the 1940s when it was acquired by hotelier Arnold Kirkeby whose family hung on to the property until 1986, during which time it was featured as the Clampett family’s Bevery Hills mansion on the 1960s sitcom “The Beverly Hillbillies.” After it was acquired by Mister Perenchio, über-tony French decorator Henri Samuel, whose clients include members of the Vanderbilt and Rothschild families, was brought in oversee a multi-million dollar refresh of the monumental manse and a joint press release from listing brokers at Coldwell Banker Global Luxury, Hilton & Hyland and Berkshire Hathaway HomeServices indicates the 18th century French Neoclassical inspired mansion includes a “ballroom, world-class wine cellar, formal salon and period-paneled dining room.”

During his 30-plus year residency and unquestionably deep-pocketed stewardship, Mister Perenchio substantially added to the estate. The main portion of the property incorporates five contiguous parcels, one of which is the longtime residence of Ronald and Nancy Reagan that was purchased by Mister Perenchio June 2016 for $15 million, and there are two more non-contiguous properties located across the street. There are also vast, pristinely groomed gardens that surely require a small fortune and half of a dozen full-time gardeners or more to maintain, a roughly 5,700-square-foot guesthouse designed in the early 1930s by Wallace Neff, a 75-foot-long resort-style swimming pool and pool house connected to the main house by an elevator and a tunnel, a lighted tennis court and a subterranean parking garage that will accommodate dozens of cars. The main house sits on a high point of the sprawling estate where it has sweeping, over-the-treetops views from downtown to the Pacific Ocean.

Presumably, some if not most of Mister Perenchio’s other residential real estate holdings will eventually be sold off. They include a nearly 5,000-square-foot penthouse atop the prestigious Museum Tower in Midtown Manhattan as well as a private golf course that abuts the guard-gated Colony enclave in Malibu wherein the media mogul owned more than half of a dozen of the homes including three directly on the beach.

Perenchio, a former talent manager and sports promoter, teamed up in the mid 1970s with Norman Lear and Alan “Bud” Yorkin on Tandem Productions, which turned out a long string of iconic sitcoms that included “All in the Family,” “Sanford and Son,” “Maude,” “The Facts of Life,” and “Diff’rent Strokes.” He later and briefly owned the Loews Theater Chain and in the early 1990s he partnered with Mexican media mogul Emilio Azcárraga Milmo to buy the Spanish language Univision television network that they sold in 2007 for $13.5 billion to investor Haim Saban’s Saban Capital Group, Inc.

Chartwell is listed 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.

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  1. lil' gay boy says:

    “…swimmin’ pools, movie stars…”

  2. Bob Barker says:

    What joke!

  3. Chad Smith says:

    So it’s only $250,000,000 over priced. I bet it does have a mighty fine dinin’ table in that there billiards room.

  4. Ben says:

    Jerry Perenchio and his partner got involved with producing Bladerunner with Ridley Scott directing, you can see him on the Dangerous Days, and he looked like he was entirely bewildered by the mess that they had gotten themselves into with that tormented film and it’s insanely perfectionist director. You have to give him credit though, he mostly saw it through, except he was partly to blame for the lamented happy ending and the forced voice over.

  5. Caroline Jones says:

    This is such a tacky ‘home’ by today’s standards. But a rich Russian, or Chinese billionaire will probably buy it. It will be some foreign billionaire with no taste, and wants to make up for having a small penis.

  6. heyitsron says:

    Jerry gave us TV when TV was more down to earth, imitated life, as having both feet on the ground. No weirdos or family flakes who now seek to entertain with not one iota of an idea of what entertainment is or what it means. And 350 is where we’re going now for those who have money and can spend it on the life they deserve. And, with Nile’s 500 spec mansion moving to market we’re tasting the excitement of real living by real people. Which also includes a casino and night club as part of the digs. Did I forget to mention the five (5) swimming pools? What more could you want?

  7. soopergenius says:

    “a 75-foot-long resort-style swimming pool”

    This must be a reference to the cement pond.

  8. Carter Gwynn says:

    Don’t forget the cement pond.

  9. Sam Dennis says:

    If the property is or can be zoned for use as a hotel or private country club/hotel, it might be worth $125 -$150 million (without the noncontiguous portion). As a residential estate…the main building might require extensive foundational work. Who needs this? There are plenty of acres available to get similar views of the landscape.

  10. Who really needs that? It will cost a fortune just to maintain the grounds!

  11. Gary Meyers says:

    Turn it into a time share!

    • heyitsron says:

      I’m sure the The Queen of Versailles will second that emotion. Right, Jackie? From the woman who won the 1993 Miss Florida pageant and went on to (much) better things.

  12. Will you take partial food stamps?

  13. Steve Koch says:

    Taking bets on whether the buyer will be Chinese or Arab….

  14. Scotty (@scotpatriot) says:

    Went there with Hollywood star tour in the late 60’s to see beverly hillbillies mansion -rang buzzer at front gate-Asked if ellie Mae was home😊

  15. Harley Robert says:

    Some foreign kleptocrat will park their stolen fortune into this piece of real estate and they don’t care if they overpay because price isn’t the point. Same thing with NY Real Estate.

  16. I would like to know what the payments are, and the late charges.

  17. robert says:

    Let me tell you a story bout a man named Jed …

  18. Daniel Staggers says:

    WAY too much in Hollywood, that’s for sure. So, TAX THE RICH! Isn’t that the Liberal mantra? Oh, I see, they mean everybody except them.

    • Dunstan says:

      This reply is for Daniel and Brenda: I hate to break it to you both, but Perenchio was a Republican. So this story about his wealth and real estate holdings has nothing to do with liberals.

      Get a life.

    • When the only tool you have is a hammer, every Internet story is a nail.

      Also you’re an idiot.

    • Dunstan says:

      Daniel, what are you talking about? Are you some expert on U.S. tax laws? Have you seen Perenchio’s tax returns?

      Do us all a favor; keep your drooling ramblings to yourself.

      • Brenda Lumpp says:

        Liberals are just so touchy when you mention them and money in the same breath… LMAO.

  19. Richard A Rail says:

    Annual property tax alone would exceed my total net worth.

  20. Jim Rizoli says:

    I might be able to afford the bird house….on second thoughts maybe not.

    JR

  21. Robert says:

    I’m glad Jed’s cement pond was well cared for!

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