The $350m Bel Air Mansion

The $350m Bel Air Mansion

Coldwell Banker Global Luxury, Hilton & Hyland, and Berkshire Hathaway Home Services today announce the iconic estate, known as “Chartwell” and the crown jewel of Bel Air, totaling more than 10.3 acres in one of the nation’s most coveted and elite enclaves, will be introduced to the market at $350 Million.

Built in 1933 by architect Sumner Spaulding, the residence was enhanced and restored under the direction of the recently deceased owner, Mr. A. Jerrold Perenchio, after he purchased the estate in 1986. Mr. Perenchio engaged renowned designer Henri Samuel, known for his work on estates owned by the Vanderbilts, Rothschilds and Valentino, to redesign Chartwell. Over the subsequent 30 years’ adjacent properties were acquired to expand the estate, including a Wallace Neff guest house and a long private driveway. Inspired by 18th Century French Neoclassical design, the main residence is approximately 25,000 sq. ft. in size and poised for entertaining in grand style. Features include exquisitely detailed limestone facade, a ballroom, world-class wine cellar, formal salon and period- paneled dining room. The remarkable grounds encompass expertly manicured gardens, a tennis court, covered parking for 40 cars, 75-foot pool and fully equipped pool house, all set against sweeping panoramic views of downtown Los Angeles and the Pacific Ocean.

The property 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 Home Services.

Bel Air is a neighborhood in the Westside area of Los Angeles, California, in the foothills of the Santa Monica Mountains. The lightly populated residential district, with an older, well-educated population, has a high income level and a large percentage of married people. It was founded in 1923.

The 2000 U.S. census counted 7,691 residents in the 6.37-square-mile (16.5 km2) Bel Air neighborhood; with 1,207 per square mile (466/km2) it has among the lowest population densities for the city and the county. In 2008, the city estimated that the population had increased to 8,253. In 2000 the median age for residents was 46, which was high for city and county neighborhoods. The percentages of residents aged 50 and older was among the county’s highest.

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Shayne Heffernan Funds Manager at HEFFX holds a Ph.D. in Economics and brings with him over 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reach a peak market cap of $15b. He has managed and overseen start ups in Mining, Shipping, Technology and Financial Services.

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