Price Slashed on Former Hearst Mansion

The "Beverly House" is more than 50,000 square feet

Wine glasses
FILE - Getty Images

The lavish onetime home of William Randolph Hearst and actress Marion Davies in Beverly Hills has been placed back on the market for $95 million -- a steep discount from the $165 million price it carried just a few years ago, the real estate agent announced Monday.

The so-called Beverly House is more than 50,000 square feet, was built in the 1920s by banking executive Milton Getz, who sold the property to Davies in 1946. Davies bought the home for Hearst, who moved there from San Simeon.

John F. Kennedy and his bride Jacqueline honeymooned at the estate. The home is also familiar to millions of movie fans for its appearance in "The Godfather" as the home of movie executive Jack Woltz, who unceremoniously finds a horse's head in his bed.

The Mediterranean-style estate is perched on a hilltop, covering nearly four acres above the Beverly Hills Hotel.

The home is owned by investor Leonard Ross, who recently filed for bankruptcy. According to the real estate company handling the listing, Ross has owned the property for 30 years, and during that time he has refurbished and expanded the estate by adding more than 20,000 square feet to the size and also reacquired an adjacent property.

The main level of the estate includes a 50-foot entry hall, a living room with 22-foot-high arched ceilings and a library. The billiard room includes herringbone parquet floors and a carved-stone fireplace mantle from Hearst's San Simeon mansion.

Also included are a formal dining room, breakfast room, family room with outdoor terrace, art-deco nightclub, wine cellar and two projection rooms. There is also a spa, gym and massage room, tennis court, guest house above an eight-car garage and a separate two-bedroom apartment.

Copyright CNS - City News Service
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