Could This Mansion And Estate Be The Most Expensive Ever Sold In The U.S.?

Today, Erik Cavarra Showcases a $225m property in LA.

We were recently made aware that the Casa Encantada, an historic mansion and estate in the super wealthy Bel Air section of Los Angeles, is privately being offered to anyone who has $225,000,000.00 to invest. That’s right, $225 Million. Not that we are sure the estate can command the rumored price tag, but word on the street is that it probably will come close to that amount on closing day.

The mansion and estate are currently owned by Billionaire financier Gary Winnick who bought the property for $94 million in 2000 from Dole Food Company owner David Murdock who had owned the property since 1979.  Mr Murdock bought the private, knoll-top estate for $12.4 million from Hilton Hotel magnate Conrad Hilton who had owned the highly-sought-after property since 1950.

Conrad Hilton paid $225,000.00 for the property from the original owner, glass manufacturing heiress Hilda Boldt Weber.  During the time she owned the estate, it was known as “Weber Mansion”. Hilda Boldt Weber, was a nurse who married a wealthy mid-western bottle manufacturer who later died and left her Casa Encatada. It is said the Bel Air elite never accepted her and eventually the Casa Encantada upkeep became too much for her. She ended up gambling away most of her money and committed suicide in Santa Barbara. The fascinating story is told in Michael Gross’s wonderful book, Unreal Estate, which is available below. His inside scoop of all the ups and downs of the Casa Encatada’s past is well worth reading and hard to put down. The books below we have chosen for those of you that are interested in these wonderful historic California Mansions.