×

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.

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.

Popular on Variety

More Dirt

  • Dorit Kemsley House Encino

    Real Housewife Dorit Kemsley Snags $6.5 Million Modern Farmhouse

    Though she and her husband, British property developer Paul Kemsley, have been plagued by highly-publicized reports of legal and financial woes, “Real Housewives of Beverly Hills” cast member Dorit Kemsley has managed to cough up $6.475 million for a brand-new Los Angeles mansion, records reveal. Located in a primo pocket of the increasingly posh Encino [...]

  • Twitter CEO Jack Dorsey Selling Hollywood

    Twitter's Jack Dorsey Lists Hollywood Hills Architectural

    Back in August 2018, longtime Twitter and Square CEO Jack Dorsey forked out $4.225 million for an uber-contemporary home set near the very top of the Hollywood Hills. Scarcely a year later, the tech titan’s award-winning property — it was the AIA’s L.A. Residential Architectural Merit Award recipient for 2017, the year it was built [...]

  • Garrett Camp Mansion Los Angeles

    Uber's Garrett Camp Asks $10 Million for Hollywood Hills Mansion

    On the heels of his record-breaking $72.5 million splurge on a brand-new Beverly Hills contemporary compound, Uber and Expa founder Garrett Camp has listed one of his two “starter” homes in the nearby Hollywood Hills. Tucked high above the eternally chic Sunset Strip and bearing more than a passing resemblance to a hulking concrete bunker, [...]

  • Anne Heche House

    Heche and Tupper Split With Rustic Lakeside Cabin

    It’s been about 1.5 years since Anne Heche and James Tupper publicly confirmed they’d parted ways after a decade together and, not surprisingly, they’re now looking to get rid of their formerly shared homes in both Los Angeles and the southern California mountain resort community of Lake Arrowhead. The erstwhile couple’s stylishly dressed Hollywood home [...]

  • Todd Chrisley Mansion

    ‘Chrisley Knows Best’ Stars Try to Sell Nashville Mansion Amid Fraud Indictment

    Just two months after they plunked down nearly $3.4 million for a stately mansion in the tony Nashville suburb of Brentwood and two months before they pleaded not guilty and posted a combined $200,000 bond for their release this week on a multi-count indictment that alleges myriad financial crimes, Todd and Julie Chrisley of USA [...]

  • Paul Schrader Condo

    Paul Schrader Writes Himself Out of Manhattan Condo

    After almost a decade of ownership, vaunted veteran movie scribe and director Paul Schrader plans to write himself out of a glass-walled condominium in New York City’s trendy, art-gallery filled West Chelsea neighborhood with a ticket price of $3.25 million. The 2019 Oscar nominee (“First Reformed”), who has written and, in some cases, directed an [...]

  • Justin Bieber Mansion

    Justin Bieber and Hailey Baldwin’s Snazzy Toluca Lake Rental Now Up for Sale

    Sometime around Justin Bieber and Hailey Baldwin’s surreptitious marriage last September in a downtown Manhattan courthouse and a handful of months before they dropped $8.5 million on a spec-built mansion in the Benedict Canyon area of Beverly Hills earlier this year, they were rumored and reported to have forked over a knee-buckling $100,000 per month [...]

More From Our Brands

Access exclusive content