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News & Press: Industry News

Expensive Real Estate in California

Tuesday, July 16, 2019  
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A Bel Air mansion, which reportedly had a 20% price reduction from $245 million to $195 million, is the most expensive listing in Southern California. The listing is represented as the finest residential offering in the United States. Called the Chartwell Estate, the home sits on 10 acres of prime real estate in Bel Air. Don’t despair, however, if the property doesn’t fit your budget, as there is a much more affordable listing in Beverly Hills for less than $12 million that was designed by acclaimed architect Roy Seldon Price.

As for a record price, the Spelling Mansion has sold for $119.5 million – all cash, setting a California record. The home is in the Holmby Hills neighborhood of Los Angeles and is 56,000 square feet.

California Land Title Association


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