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Posted: 2:31 PM Jul 10, 2007
Pricey Real Estate On The Market
A mansion that’s selling for $165 million represents the nation’s most expensive residential listing.
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(July 10, 2007)--A mansion that once belonged to publishing magnate William Randolph Hearst is now on the market—for just $165 million.
That price tag makes it the nation's most expensive residential listing.
The seller, attorney-investor Leonard M. Ross, bought the Beverly Hills property in 1976 and is seeking a "lifestyle change," says his real-estate broker.
Hearst bought the mansion in 1947 for about $120,000.
The 1920s-era, pink stucco estate is shaped like the letter H and is spread across six and a half acres north of Sunset Boulevard.
It has three pools, 29 bedrooms, a movie theater, a disco and separate residence for the security staff.
The estate was featured in the film "The Godfather."
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