Luxury estate in Los Angeles now listed for $195 million

  • Casa Encantada, the most expensive home for sale in the U.S., has received a $55 million price cut
  • The Los Angeles estate is now listed for $195 million
  • The property is tied for the title of the nation’s priciest home listing
  • The house was built in 1937 and has a rich history of well-to-do ownership
  • The main residence features luxurious amenities such as high ceilings, multiple living and dining rooms, and a walnut-paneled library
  • The property includes a pool, tennis court, rose garden, and tropical botanical garden
  • Quincy Jones is selling a selection of fine wines from his personal collection at auction

Casa Encantada, the most expensive home for sale in the U.S., has just received a significant price cut of $55 million. The Los Angeles estate, originally listed for $250 million, is now asking $195 million. This luxurious property is tied for the title of the nation’s priciest home listing, along with an oceanfront Malibu mansion and a three-story penthouse in Manhattan. Built in 1937, Casa Encantada has a rich history of well-to-do ownership. The main residence boasts high ceilings, multiple living and dining rooms, a walnut-paneled library, and an Art Deco lucite bar. Outside, the property features a pool, tennis court, rose garden, and tropical botanical garden. In addition to the price cut news, entertainment impresario Quincy Jones is also making headlines by selling a selection of fine wines from his personal collection at auction.

Factuality Level: 7
Factuality Justification: The article provides information about the listing price reduction of Casa Encantada, its history, and features. The information seems to be factual and does not contain obvious bias or misleading information. However, the article lacks in-depth analysis and context about the real estate market or the significance of the price reduction.
Noise Level: 3
Noise Justification: The article provides information about the price reduction of Casa Encantada, a luxury home in Los Angeles. It also gives a brief history of the property and its previous owners. However, the article lacks depth and analysis, and it does not provide any actionable insights or new knowledge for the reader. It mainly focuses on the price and features of the property without exploring any broader implications or trends.
Financial Relevance: Yes
Financial Markets Impacted: Real estate market
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article pertains to the financial topic of a luxury home being listed for sale at a high price. There is no mention of any extreme event or impact on financial markets or companies.
Private Companies: Westside Estate Agency,Carolwood Estates
Key People: Kurt Rappaport (Real Estate Agent), Drew Fenton (Real Estate Agent), Hilda Weber (Former Owner), James E. Dolena (Architect), Conrad Hilton (Hotel Magnate), David Murdock (Billionaire Businessman), Gary Winnick (Financier and Telecommunications Tycoon), Peter Marino (Architect and Designer), Scott Sartiano (Zero Bond Creator), Ken Griffin (Founder of Citadel), Quincy Jones (Entertainment Impresario)

Reported publicly: www.barrons.com www.marketwatch.com