Iconic Bel Air Estate Introduced to the Market for the First Time in 30 Years for $350 Million

The iconic estate, known as “Chartwell” and the crown jewel of Bel Air, totaling more than 10.3 acres in one of the nation’s most coveted and elite enclaves, is introduced to the market at $350 Million.

The mansion was the real-life home of billionaire Jerry Perenchio. Perenchio lived in the historic mansion for 30 years and during that time, embarked on a landgrab of neighboring parcels that has nearly doubled the estate to 10.3 acres.

Built in 1933 by architect Sumner Spaulding, the residence was enhanced and restored under the direction of the recently deceased owner, Mr. A. Jerrold Perenchio, after he purchased the estate in 1986. Mr. Perenchio engaged renowned designer Henri Samuel, known for his work on estates owned by the Vanderbilts, Rothschilds and Valentino, to redesign Chartwell. Over the subsequent 30 years’ adjacent properties were acquired to expand the estate, including a Wallace Neff guest house and a long private driveway.

Inspired by 18th Century French Neoclassical design, the main residence is approximately 25,000 sq. ft. in size and poised for entertaining in grand style. Features include exquisitely detailed limestone facade, a ballroom, world-class wine cellar, formal salon and period- paneled dining room.

The remarkable grounds encompass expertly manicured gardens, a tennis court, covered parking for 40 cars, 75-foot pool and fully equipped pool house, all set against sweeping panoramic views of downtown Los Angeles and the Pacific Ocean.

With an asking price of $350 million, the listing blows away the Bel Air “Billionaire” house by Bruce Markowsky listed earlier this year for $250 million, which at the time set a record.

The property is listed by Jeff HylandDrew Fenton and Gary Gold of Hilton & Hyland; Joyce ReyJade Mills and Alexandra Allen of Coldwell Banker Global Luxury; and Drew Gitlin and Susan Gitlin of Berkshire Hathaway Home Services.

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