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Hearst home on sale for $165 million

July 10, 2007 at 3:11 PM   |   Comments

BEVERLY HILLS, Calif., July 10 (UPI) -- A Beverly Hills, Calif., mansion once owned by publisher William Randolph Hearst and Marion Davies has been put on the market for $165 million.

The pink stucco home, which is currently the most expensive residential listing in the United States, sits on an H-shaped 6.5-acre estate, the Los Angeles Times reported Tuesday.

The mansion, which Hearst dubbed Beverly House, includes three swimming pools, 29 bedrooms, a movie theater and a disco. The compound contains four houses, an apartment and a cottage designed for security staff.

"This is the kind of home that comes on the market once in a generation," said Jeff Hyland, a Beverly Hills real estate broker and author of "The Estates of Beverly Hills."

The price tag outshines the $155 million asking price for an estate in Montana's Big Sky country and the $135 million price for the Aspen, Colo., compound being sold by Saudi Arabian Prince Bandar bin Sultan.

Attorney-investor Leonard Ross, who purchased the property in 1976, is selling the estate as part of "a lifestyle change," said Stephen Shapiro, Ross' real estate broker.

© 2007 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
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