Luxury living at its finest with a reduced price tag

  • The most expensive house for sale in the U.S. has received a $55 million price cut
  • Casa Encantada 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 and stunning architectural details
  • The property includes a pool, tennis court, and tropical botanical garden
  • While expensive, the current price won’t break the record for the most expensive home sale in the U.S.

The most expensive house for sale in the U.S., Casa Encantada, has just received a significant price cut of $55 million. Previously listed for $250 million, the Los Angeles estate is now asking $195 million. This makes it one of the priciest offerings in the country. Casa Encantada is tied for the honor of being the nation’s most expensive home listing, alongside an oceanfront Malibu mansion and a three-story penthouse in Midtown Manhattan. Built in 1937, Casa Encantada has a rich history of ownership by wealthy individuals. The property was commissioned by Hilda Weber, the widow of a multimillionaire glass manufacturer, and designed by renowned architect James E. Dolena. Over the years, the house has broken records for being the most expensive home sold in the United States. The main residence of Casa Encantada boasts luxurious amenities, including an entry hall with 18-foot-high ceilings, multiple living and dining rooms, a walnut-paneled library, and an Art Deco lucite bar. The property also features a sprawling 3,500-square-foot primary suite with two sitting rooms and dual bathrooms. Outside, residents can enjoy a pool, pool pavilion, tennis court, sports court, formal rose garden, and tropical botanical garden. Although Casa Encantada is among the most expensive listings in the country, its current price won’t break the record for the most expensive home sale in the U.S. That title was set in 2019 when Ken Griffin purchased a penthouse in New York for $240 million. In conclusion, Casa Encantada offers luxury living at its finest, with a reduced price tag of $195 million. With its rich history and stunning architectural details, this property is a true gem in the real estate market.

Factuality Level: 7
Factuality Justification: The article provides information about the price reduction of Casa Encantada, the history of the property, and its features. The information seems to be based on real estate listings and property records. However, there is no independent verification of the claims made in the article, and it lacks in-depth analysis or expert opinions. Therefore, while the article may be factually accurate in terms of the information provided, it is not comprehensive or thoroughly researched.
Noise Level: 3
Noise Justification: The article provides information about the price reduction of the most expensive home on the market in the U.S. and its history. However, it lacks depth and analysis, and does not provide any actionable insights or solutions. The article also contains filler content such as information about the listing agents and unrelated information about other expensive homes. Overall, the article is mostly noise and lacks intellectual rigor.
Financial Relevance: No
Financial Markets Impacted: No
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The news article does not pertain to financial topics and does not describe any extreme events.
Private Companies: Westside Estate Agency,Carolwood Estates,Bel Air Country Club,Robert A.M. Stern,James E. Dolena,Conrad Hilton,David Murdock,Gary Winnick
Key People: Kurt Rappaport (Real Estate Agent), Drew Fenton (Real Estate Agent), Hilda Weber (Widow of a multimillionaire glass manufacturer), Peter Marino (Architect and Designer), Scott Sartiano (Zero Bond Creator), Ken Griffin (Founder of hedge fund Citadel)

Reported publicly: www.marketwatch.com