×

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

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.

Popular on Variety

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.

More Dirt

  • Adam Pritzker House Los Angeles

    Adam Pritzker Downsizes to $8.5 Million Beverly Hills Villa

    Though he’s still struggling to unload his Beverly Hills “starter” home — a lovely 1920s Spanish estate that’s lingered on and off the market for over two years — youthful entrepreneur Adam Pritzker has already moved on to greener pastures, quietly purchasing a slightly smaller villa on a good street elsewhere in the Beverly Hills Flats [...]

  • Joachim Ronning House

    Joachim Rønning and Amanda Hearst Buy L.A.’s World-Famous Wolff Residence

    Maverick architect John Lautner’s Wolff Residence, a world-famous architectural tour-de-force dramatically cleaved to an almost vertical hillside above L.A.’s Sunset Strip, was sold last week for $5.9 million. Someone in a position to know first whispered and tax records confirm the new owners are recently wed Norwegian film director Joachim Rønning — he helmed the [...]

  • Meg Ryan House

    Meg Ryan Scoops Up Stylish Montecito Estate

    A chirpy birdie recently got in touch to let the proverbial cat out of the bag, and property records do indeed now suggest, that New York City-based film star Meg Ryan has put down some serious West Coast real estate roots with the slightly more than $5 million purchase of a newly rehabbed residence sequestered [...]

  • Calvin Harris House Los Angeles

    Calvin Harris Finally Unloads Zen-Inspired Sunset Strip Mansion

    More than four years after he first put the property up for sale, wildly successful Scottish DJ Calvin Harris has finally succeeded in unloading his sleek L.A. compound. Tucked into the lower Hollywood Hills just above the iconic Sunset Strip, the “zen-inspired” oasis features a 4,100 sq. ft. main house, a two-story detached guesthouse, and [...]

  • Jeff Zucker House New York City

    Jeff Zucker Lists New York Co-Op

    Veteran entertainment executive and CNN honcho Jeff Zucker has decided to part with his ultra-luxe cooperative unit in a handsome, prewar apartment house on a plum corner of New York City’s Upper East Side. The VIP price tag of $17.5 million is a small fortune more than the $12.3 million that tax records show the [...]

  • Luka Jones House Los Angeles

    Luka Jones’ Los Feliz City-View Perch for Sale

    Actor Luka Jones, known for his quirky roles in film and on television, is looking to shed his hillside home in Los Angeles’ Los Feliz area for not quite $1.15 million. Jones, who starred in the positively critiqued but short-lived sci-fi comedy “People of Earth” and currently portrays a sweet if slovenly and messy-bearded boyfriend [...]

  • Steven Yeun House Pasadena

    Steven Yeun Snags Pasadena Architectural

    “Walking Dead” star Steven Yeun has upgraded his residential circumstances in Los Angeles with the nearly $3.3 million purchase of a mid-century architectural in a hilly neighborhood of affluent Pasadena. All but invisible behind a high wall, secured gates and a visually impenetrable wall of foliage, the bilevel residence spans more than 3,600 square feet [...]

More From Our Brands

Access exclusive content