A Bel-Air residence is now making the headlines. Some may refer to this residence as Chartwell, while others may refer to it as “The Beverly Hillbillies Mansion”. Nowadays, however, it is more widely known as the chart-topper of California.
A. Jerrold Perenchio’s property was sold for $150 million, and holds the distinction of being the highest-priced property in the history of all California. Lachlan Murdoch, who bought the property, is the co-chairman of News Corporation (a publishing company) and the son of Rupert Murdoch. This property is actually even the second-most expensive residential property that’s been sold in the United States!
The late media tycoon, Jerry Perenchio, was the former owner of this property before it was sold. It hit the market in August 2017, and was listed for $350 million. However, Murdoch snapped the property up for $150 million - and it’s no wonder why, since he’s most familiar with negotiating with deals.
Murdoch, who is 48 years old, has spent most of his time in Sydney with his Australian wife, Sarah O’Hare, and their three children. In 2015, the media executive relocated to Southern California, after 21st Century Fox named him as the executive chairman. This was seen as a move for News Corporation’s succession planning.
James Murdoch, Lachlan’s younger brother, was also the media executive of the company, until he left. He is now using the money that he earned from the merger for expanding Lupa Systems, his private investment company.
After Fox Corporation merged with Disney in March 2018, Murdoch was named as chairman and CEO of the media empire.
The Former Home Of Beverly Hillbillies
Lachlan Murdoch’s new property can be found less than 4 miles from Rupert Murdosch’s $30 million estate. Word on the street is that the senior Murdoch might be passing the reins to Lachlan Murdoch, his eldest son.
Now, the only Murdoch left at the company is Lachlan, who is even closer to his dad since they are now living in the same area. Before he bought the property, it used to be one of the most expensive residential properties in the entire United States.
The property’s price was slashed by $100 million, after being on the market for a year. In late 2018, it was on sale again - but the asking price had become $245 million. Later, in June 2019, the asking price became $195 million.
Hilton & Hyland real estate agency, operated and owned by Jeff Hyland, were the ones who listed the property. Gary Gold and Drew Fenton, associates of the agency, supervised the property’s sale.
Murdoch’s property was the most expensive property sold in Los Angeles County’s real estate market, despite the fact that its price has been slashed. Prior to this, the house that held the record had been sold for $110 million. That property was in Malibu, and is owned by Peter Morton.
During the 1960s, the mansion was popular for serving as the house of the Clampett family in a popular TV show, The Beverly Hillbillies. According to Hilton & Hyland real estate agency’s website, the property is legendary, and is beloved by generations and generations of fans.
The Cherished Property
Perenchio left the cherished property behind when he died back in May 2018. While he’d owned the property, however, he had restored and enhanced the limestone mansion. The architect, Pierre Barbe, and designer, Henri Samuel, helped Perenchio in doing so.
Sumner Spaulding, a renowned architect, had originally built the property for a property developer and his wife in 1930. However, the couple wouldn’t move into the property until the 1940s.
The property’s main house boasts 18th Century chateaus, and features a ballroom. It also comes with a salon, and a 12,000-bottle wine cellar. It even has underground tunnels, and the different levels are all connected by elevators!
When the hit TV series The Beverly Hillbillies ended, the property was owned by Arnold Kirkeby, the renowned hotelier, who would continue to own it until Perenchio finally purchased it in 1986.
Chartwell features a 40-car underground car-park, a tennis court, a 75-foot swimming pool, and a couple of huge gardens. On the entire estate, there are 5 properties - which even include Ronald and Nancy Reagan’s longtime residence. Perenchio purchased their residence in June 2016 for
$15 million. This location allows people to enjoy the view of downtown Los Angeles like never before.