$125,000,000 Property For Sale - 766 days on the market and counting

By
Real Estate Agent with Windermere Real Estate - Palm Springs CalBRE# 01339266

Fleur De Lys - "The Finest Estate in America. Available by appointment to pre-qualified clients only. The property has 12 bedrooms, 15 baths, guest house on a 5.01 acres." Situated at 350 N Carolwood Drive, Los Angeles, CA 90077 - Bellair.

That's all the information provided on the CLAW MLS for this extraordinary property that is co-listed by Hilton & Hyland & Coldwell Banker.

I do not have clients looking for such a property, but I was neverthless curious to watch the progress of this mind-boggling listing. As of May 17th 2009 it's has been listed for 766 days and according to it's listing hostiry, there's been no change in the List Price, and it hasn't been in escrow.

At $125,000,000 it sounds "reasonable" compared to Candy Spellings house which has a price tage of $150,000,000.

Photgraphs: Courtesy of the CLAW MLS

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Ambassador
975,166
Jason Crouch
Austin Texas Homes, LLC - Austin, TX
Broker - Austin Texas Real Estate (512-796-7653)

Darn!  If only it had 13 bedrooms, I might be able to make it work.  :)

May 17, 2009 10:37 AM #1
Ambassador
753,169
Steve Shatsky
Prudential Texas Properties - Dallas, TX
Dallas Real Estate & Short Sale Specialist (214)213-0340

Hi Stewart... Wow!  What a property!  I looked at this post and all I kept thinking was "I wonder if the draperies and dining room chandelier are excluded from the sale?"  LOL.

May 17, 2009 10:38 AM #2
Rainmaker
476,984
Palm Springs Realtor Stewart Penn
Windermere Real Estate - Palm Springs - Palm Springs, CA
Windermere Real Estate - Associate Broker

Jason - If you need additional bedrooms, we could always look at the Spelling mansion:)

Steve - As an astute negotiator, I'm confident I could have them included in the sale if you wrote a good offer!

May 17, 2009 10:45 AM #3
Rainmaker
449,320
TIM MONCRIEF
Bartlett Real Estate Group, llc - Austin, TX
$44,530,000 2013 Production (breg)

As my 5th grade teacher tried to tell me, it makes a big difference where you put that decimal point.

May 17, 2009 11:12 AM #4
Rainmaker
843,627
Richard Weeks
Waller Group - Dallas, TX
Realtor, Associate Broker - Manager Business Development

You could buy this one near Dallas for $65,500,000 it come with 100 acres

May 17, 2009 01:13 PM #5
Rainmaker
476,984
Palm Springs Realtor Stewart Penn
Windermere Real Estate - Palm Springs - Palm Springs, CA
Windermere Real Estate - Associate Broker

GULP:) .... did you say 100 acres?

May 17, 2009 10:02 PM #6
Rainmaker
507,281
Ann Heitland
RE/MAX Peak Properties - Flagstaff, AZ
Flagstaff Real Estate - Associate Broker, GRI, CRS

Dallas always thinks too big! I'd go for the one in LA if I had the choice. But the house-keeping bill might break me.

May 18, 2009 12:14 AM #7
Rainmaker
533,760
Maria Morton
BHG Real Estate - Kansas City Homes - Kansas City, MO
Kansas City Real Estate 816-560-3758

Stewart, surely they must be advertising elsewhere with this tremendous mansion. Looks like a great house to go roller blading!

May 18, 2009 01:15 AM #8
Rainmaker
162,126
Lorinda Ward
Keffer Realty - Norfolk, VA
Serving, Hampton Roads Virginia. Norfolk, Chesapeake, Va Beach

WOW!!!  15 bath rooms, my jaw just dropped.  Amazing! 

Have a great and successful day!

May 18, 2009 01:22 AM #9
Rainmaker
47,934
Andrew Rosenblatt
Andrew Rosenblatt Realty - Tarzana, CA
Local Expert Real Estate Broker

Wish that was my estate!   Someday, someday.

 

Andrew Rosenblatt

www.RosenblattFinancial.com

May 18, 2009 01:28 AM #10
Ambassador
637,235
Janna Scharf
Keller Williams Realty Coeur d'Alene - Coeur d'Alene, ID
Coeur d'Alene Real Estate Pro

It is amazing to think of the lifestyles of the uber rich.  Yet as we all know, they have their financial troubles just like the rest of us.  It's all relative.

May 18, 2009 03:03 AM #11
Rainer
8,758
Chad Janusa, MBA - New Orleans Real Estate
Metairie, LA

A commission on a property like that, and I might be able to take a few years off!

May 18, 2009 07:23 AM #12
Rainer
153,983
Sasha Miletic - Windsor Real Estate
RE/MAX Preferred Realty Ltd. - Windsor, ON

Hi Stewart, Good post. Thanks for sharing.

Best - Sash

May 18, 2009 08:59 AM #13
Rainer
54,699
Chad Baird
Re/Max Spirit - Dayton, OH

Im with Jason, for 125M I would expect more than 12 Bedrooms.  I've seen the inside of the Spelling Mansion (On TV), that is an inpressive house as well.  I like that Dallas listing as well, but 100 acres would take me way to long to mow. 

I'm still looking for a buyer for the Spelling House.  Hopefully I can call you one day to refer a buyer to you. 

May 18, 2009 11:32 AM #14
Rainmaker
658,347
Jim & Maria Hart
Brand Name Real Estate - Charleston, SC
Charleston, SC Real Estate

I wonder what would happen if that house ever went into foreclosure?  It's obvious that they aren't super motivated to sell, so hopefully that's not an issue.

May 18, 2009 11:48 AM #15
Rainmaker
476,984
Palm Springs Realtor Stewart Penn
Windermere Real Estate - Palm Springs - Palm Springs, CA
Windermere Real Estate - Associate Broker

Chad - Call me anytime 24/7 :)

May 18, 2009 12:18 PM #16
Anonymous
Anonymous
Mary LaRue

YUCK! I would get bored real fast with this structure, just as I have with all of the other supposed great things that money can buy in life. Sometimes simplicity is the key to happiness, in the end.

Jun 27, 2009 04:56 PM #17
Anonymous
Anonymous
J. Purdy

Keep dreaming Rosenblatt....

Jun 28, 2009 12:10 PM #18
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Rainmaker
476,984

Palm Springs Realtor Stewart Penn

Windermere Real Estate - Associate Broker
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