The Beverly Hills estate that was featured in the movie The Godfather has been on and off the market for at least the past 10 years. Currently, the mansion is for sale once again, with the owners asking a staggering $135 million. This property has seen fluctuating prices over the years; it was listed for $165 million in 2007 and again for $195 million in 2016, but it failed to sell and was subsequently taken off the market. The ongoing saga of this estate highlights not only its historical significance but also the challenges of selling high-value real estate in today’s market.
The mansion, known as the Beverly House, is an exquisite example of Spanish Colonial architecture. It gained notoriety after appearing in a pivotal scene in The Godfather, where one of Vito Corleone's enemies discovers a severed horse's head in his bed. Notably, this grand estate was once owned by media mogul William Randolph Hearst and later became home to actress Marion Davies. Even U.S. Presidents have graced its halls; John F. Kennedy and Jacqueline Kennedy spent part of their honeymoon here, making it a true piece of American history.
Currently, the estate belongs to Leonard Ross, an attorney and real estate investor who purchased the property in the mid-90s. Since then, he has undertaken extensive renovations and primarily rents it out for events. In 2016, Ross attempted to refinance the estate for $40 million through the crowdfunding platform StartEngine, but this endeavor proved unsuccessful. The Beverly House remains a stunning yet elusive real estate opportunity, with its rich history and luxurious features.
What You Will Learn
- The Beverly House's intriguing history and its connection to Hollywood.
- Key figures associated with the estate, including William Randolph Hearst and Leonard Ross.
- The unique features of the property, including its architectural style and amenities.
- Insights into the current real estate market and the challenges of selling high-value properties.
