According to reports from multiple media outlets, including KTLA in Los Angeles, a super mansion in Bel-Air, near Beverly Hills, Los Angeles, was recently listed for $400 million, becoming the most expensive home on the market in the United States and setting a new record for the highest-priced residential listing in the world, attracting widespread attention. Located at 11201 Chalon Road, in Bel Air, a prestigious upscale neighborhood in Los Angeles, this residence is known as the “crown jewel of Los Angeles.”
Based on current asking prices, its total value far exceeds other top-tier luxury homes in the United States, including a $300 million mountain mansion in Aspen, Colorado, and a $237 million waterfront home in Key Biscayne, Florida. The Wall Street Journal points out that this property significantly outprices its competitors.
According to Homes.com, Jack Harris and Michael Fahimian, the listing brokers at The Beverly Hills Estates, indicate that this mansion is now the most expensive residential listing on the open market globally. The report further points out that if the final sale price of the mansion is close to the current asking price, it could break the record for a residential property transaction in the United States. The current record for the highest sale price in the United States is approximately $240 million, which was achieved by a luxury apartment sold in New York City in 2019. According to the property listing, the complex spans approximately 70,000 square feet (about 6,500 square meters) on about 8 acres of hillside land.
Comprising multiple buildings, the overall layout includes 39 bedrooms and 59 bathrooms, a truly exceptional scale. The mansion features both a main residence and separate guest villas, with a design concept that combines high-end banquets with everyday living needs, suitable for both large social events and private residences. Completed in 2018, the mansion took nearly a decade to build. This super-mansion boasts a rare, flat, elevated location in the Los Angeles mountains, offering unobstructed views overlooking the Bel-Air Country Club and extending to the downtown Los Angeles skyline and the Pacific coastline, making it a truly iconic property.
In terms of architectural design and development, the project was designed by renowned architect Peter Marino and constructed and developed by developer Peter McCoy. The agent stated that the residence’s site is located on an extremely rare, large tract of flat land in the Los Angeles mountains, making it highly scarce and collectible in the high-end real estate market.
According to KTLA 5, this listing is seen as a sign of the continued heating up of the Los Angeles mega-luxury home market. Against the backdrop of undiminished demand for top-tier real estate from high-net-worth individuals worldwide, flagship residences combining location, scale, and design are becoming a focus of international market attention.
Industry experts generally believe that a successful sale of this property will further raise the price ceiling of the US ultra-luxury residential market.