LA Mansion Lists for $200 Million

The most viewed listing at Realtor.com this past week was also one of the most expensive homes in the country. It is a mansion in Los Angeles that is on the market for $200 million.

According to the real estate listing site:

Luxury sparks curiosity! Seven of the 10 most-clicked homes on realtor.com this week carry million-dollar price tags. However, no price tag is quite as heavy a lift as the $200 million mansion topping our list.

Currently the most expensive listing in the country, L.A.’s Spelling Manor earned its prodigious price through sheer size. At over 56,000 square feet, it’s one of the largest private homes in the country and has been thoroughly renovated by its current owner, heiress Petra Stunt

It is likely a case of people gawking at what they cannot afford. Since the average price of a house in the United States is around $190,000, that is part of it.

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The house has 14 bedrooms and 27 baths, and it sits on 4.69 acres at 594 S. Mapleton Drive. The listing

The Manor, built in 1988 by entertainment royalty Aaron and Candy Spelling, is the grandest private residence in Los Angeles. Proudly positioned, its nearly five acres of rare flat land borders the LA Country Club. The Manor blends visionary design, bespoke attention to detail, and classical elegance. A winding driveway leads to a circular motor court, fountain and space for 100 cars. The entry’s double staircase with dramatic 30-foot ceilings is reminiscent of Old Hollywood. Italian limestone enwraps the sumptuous living spaces. In addition to 7 BR suites and 7 staff bedrooms, there is a grand formal living room, projection room, bar, family room, library, office, service wing, billiards room, game room, two lane bowling alley, wine cellar and tasting room, catering kitchen, gym and a fully equipped beauty salon including masseuse and tanning rooms. The current owners spared no expense in 2011 to renovate and update the estate. This is a rare property, and beckons a discerning buyer.

Based on Realtor.com estimates, with 20% down and a 3% fixed rate (no one will get a rate this low) over 30 years, monthly payments for principal and interest, property taxes and insurance are only $932,899.

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