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Even for billionaires, $35 million is a pretty steep discount.
The Hearst estate is scheduled to be re-listed today for $89.75 million, more than half off its $195 million asking price in 2016. Only last month, it was listed at $119 million — about $30 million more than its current asking price.
“This property now has a motivated seller and is priced to sell,” listing broker Anthony Marguleas of Amalfi Estates told The Post. Marguleas has the listing with Gary Gold of Hilton & Hyland and Zizi Pak of Rodeo Realty, said an Amalfi Estates representative.
The 8-bed, 15-bath Italian and Spanish-style mansion sits on a 3.5-acre lot in the heart of Beverly Hills, and it gained notoriety as the home of newspaper magnate William Randolph Hearst and his partner, actress Marion Davies, the honeymoon home of Jacqueline and John F. Kennedy, JFK’s presidential election headquarters, the exterior set of “The Godfather,” parts of “The Bodyguard” and several Beyoncé music videos.
It’s been a wild ride for this property — only last month, London-based Beauchamp Estates, Beverly Hills-based the Agency and New York-based SERHANT brokerage were launching a new marketing approach for the property. A SERHANT representative confirmed that they were no longer working on the listing.
The 1926 pink stucco mega-mansion also called the Beverly House has been in bankruptcy since 2019 and has been on and off the market since 2007 as the owner, litigator Leonard Ross, tried to stave off a forced sale, even turning to crowdfunding. He purchased the house for $2 million in 1976, but he now owes an estimated $65 million against the property, the Real Deal reported.
“The residence has been enjoyed by many celebrities, making it a prized property for collectors of the finest architecture,” said Marguleas of the estate at 1011 North Beverly Drive.
The 3.5-acre property has its main 29,000-square-foot house, plus 6,000 square feet of guest houses, a pool house, a tennis pavilion and a two-story gate house, which offer an additional 10 bedrooms and 10 bathrooms.
The pink stucco house has an Art Deco nightclub, a wine cellar, two luxury home theaters, a spa, a gym, a massage room, a billiards room and a lighted tennis court.
“The Hearst estate is anchored in American legend and is a one-of-a-kind home that is truly a spectacular property,” said Marguleas.
Plus, the home has an 80-foot entry hall, a two-story library with hand-carved wood paneling, a formal dining room with a 22-foot hand-painted ceiling, a breakfast room, a family room with an outdoor terrace, a commercial kitchen, terraces with room for a 400-guest dinner and a 9-foot Dennis Abbe mural.
The estate offers terraces, manicured lawns, waterfalls and an Olympic-sized pool.
“Beyond its fantastic Hollywood mystique, and finishes and details steeped in its own architectural history, the Beverly House is one of the most expansive estates located in the heart of Beverly Hills with access to the best amenities and conveniences in Los Angeles,” Mauricio Umansky, founder and CEO of the Agency said in a statement to The Post last month.
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