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The Beverly House i Beverly Hills reas ut
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Two of Hollywood s Golden Era Mansions - One As Seen In The Godfather & The Bodyguard
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Hearst Estate mega-mansion designed by Hoover Dam architect - and where The Godfather s horse head scene was filmed - is back on market down from $120M to $90M
The Hearst Estate is back on the market for a steep discount with an asking price of $90 million - $30 million off its listing price just a month ago
The Beverly Hills mansion was once home to famed newspaper tycoon William Randolph Hearst and actress Marion Davies
The lush estate has been on and off the market since 2007 as its owner, real estate investor Leonard Ross, attempts to avoid a forced sale
The 29,000 square- foot Spanish-style estate is recognized as one of Los Angeles more legendary homes
William Randolph Hearst s Beverly House Lists For $90 Million
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As Southern California’s red-hot real estate market sees homes selling for hundreds of thousands of dollars over the asking price, one of the region’s most legendary properties is hitting the market at a massive markdown.
The famed Hearst estate a Mediterranean Revival-style mansion with ties to William Randolph Hearst, John F. Kennedy and “The Godfather” just relisted for $89.75 million.
A bankruptcy court is forcing the sale. The home’s longtime owner, attorney Leonard Ross, once tried to sell the trophy property for $195 million in 2016, but has since racked up a debt of more than $50 million on the estate. As a result, he put the property into bankruptcy, and the lender, Fortress Investment Group, petitioned the bankruptcy court to force a sale and succeeded.