Trophy Homes: Exactly How Much House Does $100 Million+ Get You?
"The Godfather House" and a modern day Versaille are part of a handful of Super Rich listings in the $100 Million Club. And we can't help but gawk.rental market quake. The rumblings came from Beverly Boulevard and the William Randolph Hearst mansion, where the publishing giant (immortalized by Orson Welles in Citizen Kane) nested with lover Marion Davies. Built in the 1920s, that pink terra cotta and glittery pool rightfully jar a shared cinematic memory: The Godfather was filmed in the Beverly House, where, famously, Tom Hagen warned film producer Jack Woltz: "Mr. Corleone never asks a second favor once he's refused the first." Longtime resident and owner Leonard Ross bought the house in the 1970s and offered the 50,0000-square-foot Gordon Kaufmann design as a $600,000 a month rental, about three times the national median sales price of $204,000 but cozy with Los Angeles' $516,000 sticker, according to Zillow Real Estate Market Reports.
Then it went on sale for a screeching $135 million and became part of the post-bubble, post-recession wave of trophy homes for the Super Rich, properties assessed north of $100 million. In 2012, title for the most expensive home sold in the U.S. was held by Broken O Ranch in Montana, at a (then) jaw-dropping $132.5 million and the rare inland bird of the $100 Million+ Club not found, predictably, in California or New York.
Exactly How Much House Does $100 Million+ Get You?View All 9 Photos
“The next benchmark will be $200 million,” Kurt Rappaport of Westside Estate Agency told Bloomberg. He's doing his part. Rappaport repped socialte Suzanne Saperstein for the sale of Fleur de Lys, a 5-acre Holmby Hills mansion that sat and sat and sat on the market with a dusty $125 million sale tag before a billionaire peeled off $102 million for Mariah Carey's former faux-French digs. In this world, members of the Club call that a "deal."
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