It includes a gallery for 40 cars, a 12,000-bottle wine cellar and precisely manicured gardens, according to the listing. Lachlan got his feet wet in the area by paying $12.5 million for a “starter” home in Brentwood’s Mandeville Canyon neighborhood while father … The house originally went on sale in 2017 for over $350 million, the most expensive home on the US market at the time. The exterior of Chartwell appeared on television screens in the 1960s and 1970s in the TV comedy "The Beverly Hillbillies". The deal sent family members’ net worths soaring — 88-year-old Rupert Murdoch alone is worth nearly $20 billion, up $8 billion from two years ago, according to Forbes. The Murdochs have been L.A. mainstays for years. Of course, Lachlan Murdoch and his family are hardly new to L.A. — back in 2015, he paid $12.5 million for a “starter” home in Brentwood’s Mandeville Canyon neighborhood. At least three real estate transactions have topped $US100 million this year in the US, including the record $US238 million Citadel founder Ken Griffin plunked down in January for a New York penthouse at 220 Central Park South. In a career spanning more than 50 years, Perenchio built Univision into the largest Spanish-language broadcaster in the US. Drew Fenton of Hilton & Hyland repped Murdoch. Murdoch, the oldest son of media mogul Rupert Murdoch, paid a California record of about $US150 million ($218 million) for a Bel-Air estate that had been featured about a half century ago on The Beverly Hillbillies TV show, according to a person familiar with the sale. The extraordinary property is not dissimilar to an 18th century mansion. Of course, Lachlan Murdoch and his family are hardly new to L.A. — back in 2015, he paid $12.5 million for a “starter” home in Brentwood’s Mandeville Canyon neighborhood. Chartwell, the Bel Air compound long considered one of L.A.’s most epic estates, has transferred for an unprecedented $150 million, easily enough to rank as the most expensive California home ever sold. Hope Coke, Classically inspired: The Chartwell Estate swimming pool. In October 2018, the residence hit the market again, but with an asking sum of $245 million. Along with a chateau-style mega mansion, Chartwell has a five-bedroom guesthouse, a 75-foot pool and pool house, a tennis court, a car gallery for 40 vehicles and a 12,000-bottle wine cellar, Mansion Global previously reported. Tiegs’ listing was held by Jade Mills and Tiffany Mills at Coldwell Banker. According to real estate sources, the $150 million deal included not just the four-parcel main Chartwell compound — which itself spans more than 10 contiguous acres — but also the 1.3-acre vacant lot immediately lot next door, which was formerly the site of Ronald Reagan’s longtime L.A. residence. You have successfully subscribed to our newsletter. The Murdochs have been L.A. mainstays for years. © Copyright 2020 Variety Media, LLC, a subsidiary of Penske Business Media, LLC. It's still a deal of sorts: Murdoch acquired the property at a 57 per cent discount from the 2017 asking price. 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Following Nancy Reagan’s 2016 death, her heirs sold that estate for $15 million to Chartwell’s longtime owner, billionaire media tycoon Jerry Perenchio, who razed the existing house shortly before his own 2017 passing. Credit: Jim Bartsch. All Rights reserved. Over the next two years, the pricetag was hacked down to a slightly more reasonable $195 million, and the final transfer amount, while less than half the initial amount sought, utterly blows the previous California record-holder away. At least this has been proved by Lachlan Murdoch, the eldest son of media tycoon, Robert, who has bought himself what looks like the Los Angeles answer to Trump’s White House, complete with American flag et al. In case you haven’t been following the news, Lachlan and younger brother James — in a story that could have been penned by Jeffrey Archer — have been entangled in a power struggle for papa Rupert’s billions. Key Points Media scion Lachlan Murdoch reportedly paid $150 million for an estate in Los Angeles’ Bel Air neighborhood, making it the most expensive home ever … With such close proximity to his existing property, the new buy could be utilized as a guest house, perhaps as an expansion of the Chartwell estate, or even just an opportunity to offer more privacy for the main property. It adjoins Murdoch’s recent $150 million purchase of the Chartwell Mansion. Unfortunately for him, however, she reportedly “hated” the home’s unrestrained opulence and refused to occupy the premises; thus, the property remained vacant until the 1940s, when it was acquired by hotelier Arnold Kirkeby. Plot twist: the buyers of Cheryl Tiegs’ $14.1 million Bel Air spread are her next-door neighbors — billionaire Fox media heir Lachlan Murdoch and his model-actress wife Sarah Murdoch, property records reveal. Although the official grant deed hasn’t made its way into property records, word on the Platinum Triangle street is that the record-setting Chartwell buyers are Lachlan Murdoch, the elder son of multibillionaire media mogul Rupert Murdoch, and his model/actress wife Sarah (née O’Hare). There’s a very good chance Murdoch’s acquisition of the Tiegs property marks his desire to create extra privacy for his main $150 million mansion next door, which he purchased last year from the estate of late media titan Jerry Perenchio. Sorry, you have entered an invalid email. At least this has been proved by Lachlan Murdoch, the eldest son of media tycoon, Robert, who has bought himself what looks like the Los Angeles answer to Trump’s White House, complete with American flag et al. Lachlan Murdoch, 48, is the chief executive officer of Fox Corp. Clearly Murdoch plans to combine the two estates in some way, even just for using one as a guest house. Welcome to Tatler. Photo: Supplied. Lachlan Murdoch buys 'Beverly Hillbillies' home in LA for $218 million. At the time of his purchase, the $150 million represented the biggest residential transaction ever inked in California, though it was quickly surpassed by Jeff Bezos’ $165 million splurge (Like Murdoch, Bezos also later acquired a second property adjacent to his own monster compound.). Perched on nearly 1.5 acres, Mr. Murdoch’s new acquisition “offers a secluded and tranquil resort-style setting,” according to the listing with mother-daughter duo Jade and Tiffany Mills of Coldwell Banker, who did not immediately respond to a request for comment. Prior to 2003, the Murdochs owned "Berthong", a house in Elizabeth Bay, Sydney, sold to Russell Crowe in 2003. Dubbed Chartwell, that massive home was featured in the 1960 series “The Beverly Hillbillies” and ranks as one of the city’s most epic estates. All property prices are as stated by the listing agent. Lachlan Murdoch buys Hillbillies mansion December 14th, 2019 By David Knox 5 comments Filed under: News , Video , A few months ago I posted on Bel-Air’s Chartwell Estate -better known as The Beverly Hillbillies mansion- because it was on the market. It’s not particularly surprising that a Murdoch would be in the market for an outrageous new residence. All Rights reserved. Get our latest stories in the feed of your favorite networks. Murdoch was represented by Drew Fenton of Hilton & Hyland, Beverly Hills. The estate, also known as Chartwell, which was picked up by Murdoch, chief executive officer of Fox Corp, and his wife Sarah, is the sixth property in Los Angeles to break … The seller was the estate of late Hollywood dealmaker Jerry Perenchio. Lachlan got his feet wet in the area by paying $12.5 million for a “starter” home in Brentwood’s Mandeville Canyon neighborhood while father … Incidentally, that previous record was set mere months ago — $119.7 million for The Manor, with a buyer widely suspected to be a member of Abu Dhabi’s royal family — indicating there really is a verifiable market, however niche, for nine-figure homes in Los Angeles. The magnificent Californian home is the second most expensive residential sale ever to be listed in the US, at $150 million. Plot twist: the buyers of Cheryl Tiegs’ $14.1 million Bel Air spread are her next-door neighbors — billionaire Fox media heir Lachlan Murdoch and his model-actress wife Sarah Murdoch, property records reveal. In case you haven’t been following the news, Lachlan and younger brother James — in a story that could have been penned by Jeffrey Archer — have been entangled in a power struggle for papa Rupert’s billions. Variety first reported Mr. Murdoch as the buyer of Ms. Tiegs’s home. The price decreased following the initial listing. We want to hear from you! There’s a very good chance Murdoch’s acquisition of the Tiegs property marks his desire to create extra privacy for his main $150 million mansion next door, which he purchased last year from the estate of late media titan Jerry Perenchio.
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