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$165,000,000 dollar question, Beverly Hills California Real Estate

July 2007

After Beverly Hills listing, how high will prices go in the supercharged ultra-high end market?

On a recent afternoon, the Beverly Hills paparazzi took to the skies.

Held at bay from their target by a long, gated driveway, they had to resort to helicopter fly-overs to nail their shot. In this case, however, the elusive celebrity wasn’t a person — it was a house.

Not just any house, but rather the top dog of the realty moment. Its entry into the for-sale market July 9 merited a media stir because its $165 million asking price makes it the most expensive property in America.

… The front-runner, at $165 million, is Beverly House, the 6.5-acre former home of publishing legend William Randolph Hearst that has been owned for the last 30 years by attorney-investor Leonard M. Ross.

$165,000,000 dollar question

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