Price of America’s most expensive home is slashed by another $50M

The sprawling Bel Air estate owned by late media tycoon Jerry Perenchio, which was once the home of ‘The Beverly Hillbillies,’ has had its listing price slashed again.  

In August 2017, the home hit the market for $350million, making it the most expensive home in the United States. 

A little more than a year later, the home’s price tag was slashed by $100million. In October 2018, the residence hit the market again, but with an asking price of $245million.  

On Monday, that price was cut by $50million, and the sellers are now asking for $195million. 

The property is now listed by the Hilton & Hyland real estate agency, which is owned and operated by Jeff Hyland. The agency’s associates, Drew Fenton and Gary Gold, are overseeing the sale of the home. 

The sprawling Bel-Air estate (pictured), which was once the home of ‘The Beverly Hillbillies,’ has had its listing price slashed again

In August 2017, the home hit the market for $350million, making it the most expensive home in the United States

In August 2017, the home hit the market for $350million, making it the most expensive home in the United States

A little more than a year later, the home's price tag was slashed by $100million. In October 2018, the residence hit the market again, but with an asking price of $245million

A little more than a year later, the home’s price tag was slashed by $100million. In October 2018, the residence hit the market again, but with an asking price of $245million

On Monday, that price was cut by $50million, making the new price $195million. Pictured is the tennis court at the property

On Monday, that price was cut by $50million, making the new price $195million. Pictured is the tennis court at the property

The property is now listed by the Hilton & Hyland real estate agency, which is owned and operated by Jeff Hyland

The property is now listed by the Hilton & Hyland real estate agency, which is owned and operated by Jeff Hyland

The anticipated sale of the estate, known as Chartwell, is expected to beat the current record sale in Los Angeles County

The anticipated sale of the estate, known as Chartwell, is expected to beat the current record sale in Los Angeles County 

A fountain is pictured at the home, which is still America's most expensive, despite the recent price cut

A fountain is pictured at the home, which is still America’s most expensive, despite the recent price cut 

Despite the $155million price cut over the last two years, the home is still the most expensive on the market. 

The anticipated sale of the estate, known as Chartwell, is expected to beat the current record sale in Los Angeles County. 

The record sale for a home was $110million, which was set in April 2018 when Peter Morton sold his oceanfront manse in Malibu, according to the Los Angeles Times. 

According to the real estate agency’s website, Chartwell ‘is the ultimate trophy and a legend cherished for generations’. 

Perenchio, the former CEO of Univision who died in May at the age of 86, left behind the lavish home. 

He enhanced and restored the limestone mansion with designer Henri Samuel and architect Pierre Barbe. 

The record sale for a home was $110million, which was set in April 2018 when Peter Morton sold his oceanfront manse in Malibu

The record sale for a home was $110million, which was set in April 2018 when Peter Morton sold his oceanfront manse in Malibu

According to the real estate agency's website, Chartwell 'is the ultimate trophy and a legend cherished for generations'

According to the real estate agency’s website, Chartwell ‘is the ultimate trophy and a legend cherished for generations’

The sprawling main house recalls 18th century chateaus and boasts a ballroom, a huge 12,000 bottle wine cellar, a salon and is connected by elevators and underground tunnels

The sprawling main house recalls 18th century chateaus and boasts a ballroom, a huge 12,000 bottle wine cellar, a salon and is connected by elevators and underground tunnels

It was built by renowned architect Sumner Spaulding in 1930 for a property developer and his wife

It was built by renowned architect Sumner Spaulding in 1930 for a property developer and his wife

The interiors were renovated in the late 1980s by Henri Samuel, one of the most important designers of the 20th century

The interiors were renovated in the late 1980s by Henri Samuel, one of the most important designers of the 20th century

The 10.3 acre estate features large gardens, a 75ft swimming pool, a tennis court and an underground parking garage which is believed to have enough room for up to 40 cars

The 10.3 acre estate features large gardens, a 75ft swimming pool, a tennis court and an underground parking garage which is believed to have enough room for up to 40 cars 

The sprawling main house recalls 18th century chateaus and boasts a ballroom, a huge 12,000 bottle wine cellar, a salon and is connected by elevators and underground tunnels.

It was built by renowned architect Sumner Spaulding in 1930 for a property developer and his wife.

Media tycoon A. Jerrold 'Jerry' Perenchio died in May at the age of 86. He purchased the property in 1986

Media tycoon A. Jerrold ‘Jerry’ Perenchio died in May at the age of 86. He purchased the property in 1986

But the pair didn’t move in, so it lay empty until the 1940s. 

In the 1960s, it was known as the home of the Clampett family on The Beverly Hillbillies. 

The property was shown in the opening credits and throughout the popular sitcom that ran from 1962 to 1971. 

In the first episode, when the Clampetts first saw their new home, they mistook it for a prison.

They then moved in and made themselves at home. 

After the series ended, the estate itself was owned by renowned hotelier Arnold Kirkeby before Perenchio bought it in 1986.

The interiors were renovated in the late 1980s by Henri Samuel, one of the most important designers of the 20th century. 

The 10.3 acre estate features large gardens, a 75-foot swimming pool, a tennis court and an underground car-park for 40 cars. 

There are five properties on the entire estate, including the longtime residence of Ronald and Nancy Reagan.

Perenchio bought the former first couple’s property for $15million in June 2016. 

The residence boasts impressive views of downtown Los Angeles over the treetops at the edge of the estate

The residence boasts impressive views of downtown Los Angeles over the treetops at the edge of the estate 

In the 1960s, it was known as the home of the Clampett family (pictured) on The Beverly Hillbillies. The property was shown in the opening credits and throughout the popular sitcom that ran from 1962 to 1971

In the 1960s, it was known as the home of the Clampett family (pictured) on The Beverly Hillbillies. The property was shown in the opening credits and throughout the popular sitcom that ran from 1962 to 1971

The residence boasts impressive views of downtown Los Angeles over the treetops at the edge of the estate.

Perenchio made his name as a talent manager, working with artists including Andy Williams, Johnny Mathis and Sergio Mendes in the 1960s.

He also worked as a sports promoter before a successful television career with Tandem Productions, producing well known TV hits including All in the Family and Sanford and Son.

His film production credits include Blade Runner and Driving Miss Daisy, and his Embassy Pictures company sold to Coca Cola for $485million in 1985.   

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