Casa Encantada, long regarded as California’s most expensive residence, has seen a major price reduction, with the listing dropping from $195 million to $165 million.
Nestled on an 8.4-acre lot overlooking the scenic Bel-Air Country Club, this vast estate still stands as one of Los Angeles’ priciest listings. The $30 million reduction is significant, but the property’s allure remains as deep-pocketed buyers may still be captivated by its grandeur and exclusivity, the New York Post reported.
The sprawling mansion, which covers over 40,000 square feet, was originally designed in 1937 by architect James E. Dolena, a name synonymous with classic Hollywood luxury.
Designer Peter Marino later restored Casa Encantada, enhancing its timeless elegance with modern touches that preserve the property’s historic charm. The estate boasts 60 rooms, including a luxurious Art Deco-inspired living area, a walnut-paneled library, and a lucite bar, making it a uniquely designed residence that appeals to history enthusiasts and luxury seekers alike.
Beyond its interiors, the grounds of Casa Encantada are a masterpiece in their own right.
A 60-foot-tiled pool, manicured rose gardens, and a tennis court with its own viewing pavilion offer luxurious outdoor entertainment options. Sprawling lawns and carefully maintained landscaping complete the picture of opulence, transforming this estate into an idyllic retreat that feels worlds away from the bustling city life of Los Angeles.
Casa Encantada’s storied history adds further allure to this remarkable property.
The mansion was once owned by Conrad Hilton, the renowned hotelier who christened it “The House Where Dreams Come True.”
Hilton’s ownership cemented the estate’s place in luxury real estate history, and its appeal only grew when businessman Gary Winnick acquired it in 2000 for a record-breaking $94 million, setting a new high in California real estate at the time.
Winnick invested heavily in preserving and enhancing Casa Encantada’s historical features, enlisting a team of skilled Parisian artisans to hand-lacquer the dining room walls over several months. This level of detail and craftsmanship speaks to the property’s exclusivity and dedication to preserving its original glamour.
This dedication to meticulous restoration gives Casa Encantada a blend of timeless character and luxury rarely found in modern estates.
Today’s high-end real estate market poses challenges for properties priced over $100 million, but Casa Encantada’s unique history and design continue to make it stand out.
Compass agent Josh Flagg told the Post about the challenges in the luxury real estate market, noting that demand for ultra-luxury homes has slowed since 2017. However, he suggests that one dedicated buyer will eventually appreciate the estate’s unmatched qualities and make the purchase.
Real estate insiders remain cautiously optimistic about the sale. Despite the current luxury market trends, Casa Encantada’s blend of historic charm, prime location, and luxurious amenities make it one of the most desirable properties in the U.S. Although high-end properties take longer to sell, experts believe Casa Encantada’s rich history and timeless appeal will ultimately attract a discerning buyer.
Casa Encantada’s legacy as a celebrated residence ensures that it will remain a highly coveted property. While the market landscape may be shifting, this estate’s rare combination of beauty, history, and exclusivity keeps it at the top of California’s luxury real estate market.
This article was written with the assistance of artificial intelligence.