By SARAH SHMERLING | Editor-in-Chief
Touted as one of the “most iconic homes in Los Angeles,” Pacific Palisades Realtor Anthony Marguleas has co-listed the Hearst estate in Beverly Hills along with two other agents for $89.75 million.
“The Hearst estate is anchored in American legend and is a one-of-a-kind home that is truly a spectacular property,” Marguleas, founder of Amalfi Estates, shared. “The Hearst estate has been enjoyed by many celebrities, making it a prized property for collectors of the finest architecture.”
Built in 1926 by architect Gordon Kaufmann, Marion Davies purchased the home in 1946 for William Randolph Hearst, who moved to the estate from San Simeon and lived there for the remainder of his life.
“The Hearst estate is the quintessential emblem of Hollywood’s Golden Era,” Marguleas added. “William Randolph Hearst and Marion Davies lived here from 1946 to 1951. Hearst was the most powerful publishing magnate of the 20th century. JFK and Jackie honeymooned there in 1953 and wrote a four-page letter displayed at the property of their time there.”
Spread across three and a half acres, the main house has nine bedrooms—four upstairs suites, as well as two bedrooms both upstairs and downstairs—and 15 bathrooms, four of which are powder rooms.
The property includes 36,000 square feet of space, with 29,000 in the main house and 7,000-plus in ancillary structures.
Under a 22-foot, arched, hand-painted ceiling lies a formal living room. The home also includes a historic, two-story, wood-paneled library, which “must be experienced in person,” according to the listing, as well as an art-deco nightclub, two projection/screening rooms, a billiards room with parquet floors, and a fireplace “reminiscent of Hearst Castle.”
“These grand state public rooms and indoor/outdoor entertaining areas can comfortably accommodate up to 1,000 guests,” the listing boasted. “Complementing the main house, the ancillary improvements include two staff/guest apartments, pool house, tennis pavilion, and a two-story, five-bedroom gate house.”
Private grounds feature sun-soaked terraces, manicured lawns, waterfalls and an Olympic-sized pool—all situated three blocks north of Sunset Boulevard.
The home, which was listed at $165 million in 2007, is in Chapter 7 and being sold by the bankruptcy trustee. Marguleas shares the listing with Gary Gold of Hilton & Hyland and Zizi Pak of Rodeo Realty.
It was last sold for $473,000 in 1976, according to Realtor.com, purchased by attorney/businessman Leonard Ross.
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