Los Angeles Home Priced at $150 Million

By Douglas A. McIntyre Updated Jan 13, 9:41AM EST · Published May 9, 10:15AM EDT

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Los Angeles Home Priced at $150 Million — © Thinkstock

The most searched home on Realtor.com last week may be the most expensive in the United States. It is an L.A. mansion on the market for $150 million. How can any home be worth so much? A combination of things, from size to when the house was built to a crazy list of amenities.

The home’s address is 301 N. Carolwood Dr. That puts is north of Sunset Blvd. and also north of downtown Beverly Hills, as well as west of the heavily traveled 405 interstate.

The home has a footprint of 30,000 square feet, with 10 bedrooms and 20 full baths. It also sits on 2.5 acres of prime real estate. The house was completed earlier this year, according to Realtor.com, and has been on the market for a month.

With a down payment of 20%, or $30 million, the monthly payment for the house, including principal and interest, property taxes and insurance, is only $739,324.
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The listing describes the amenities as follows:

An extraordinary expression of boundless creativity, passion and a master’s touch of timeless style. Gracefully set on the legendary grounds of the former Mon Reve Estate with more than 470′ of frontage on Carolwood Drive – one of the most prestigious addresses in the world, home to Hollywood royalty for decades. Immersed in nature, the magnificent setting includes a private hiking trail studded w/light trees. Approx. 38,000 sf under roof w/ more than 30,000sf air conditioned. Multiple guest structures rival any 5-star accommodation in Beverly Hills. Club Mon Reve features a lounge, wine room & theater complex w/ a separate valet entrance. Parking for 50 cars inside the property plus a 10 car garage. The spa level boasts a dramatic indoor water wall spilling into a lap pool, salon, pedicure/manicure, steam & massage rooms. Master suite w/ approx. 5,300sf, including a private heated covered patio & every luxury you would expect from the absolute finest estate offered in the world today.

About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.