Most Expensive Home on Market in US? $110 Million

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Updated Published
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.
Most Expensive Home on Market in US?  $110 Million

© Thinkstock

A mansion for sale in one of the priciest parts of the U.S. is on the market for $110 million. A buyer gets 10 bedrooms, 12 baths, and a sprawling estate on over 13 acres.

The house, at 9434 Cherokee Ln in Beverly Hills, was built in 1983. It is well inland from the Pacific Ocean and sits south of Sherman Oaks and Universal City, just north of Beverly Hills proper. Part of the property abuts a side street which almost no one would notice. The property is on land high enough compared to the ocean that the owner does have views of the water to the west. The view is only one of a list of perks the realtor for the home is promoting. Among them:

Beverly Hills Mountaintop Estate, A long private drive winds to the top of this spectacular city-to-ocean view Villa sited on approximately 14 acres. A striking formal entry with retractable roof opens onto two dramatic living rooms, formal dining room and views of tree lined promenades stretching from the two story guest house and pool to the promontory overlooking all of west Los Angeles to Catalina. Numerous guest facilities attached and detached make this estate a perfect compound or retreat for the most discriminating.

For $110 million, a new owner gets, as would be expected, a tennis court and pool

The home is much more expensive than the average of the neighborhood, which is $2.35 million

Many people in the market for a home this expensive could probably pay cash. For those who want a mortgage, however, a 20% down payment would be about $22 million. The monthly mortgage payment would slightly less than $600,000

According to Realtor.com:

The pricey mansion known as the Mountaintop Estate popped up as last week’s most expensive listing. The villa is baaaack, this time as the most popular property in the country. It comes with a winding driveway with ocean views, and sits on 14 acres. The property has royal ties, since it was owned by the late Saudi Prince Saud al-Faisal, and his wife, Princess Johara bint Faisal. The 10-bedroom mansion features an entry with retractable roof, tennis court, two-story guesthouse, and staff quarters.

Fit for a prince who no longer lives there.

Photo of Douglas A. McIntyre
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.

Continue Reading

Top Gaining Stocks

CBOE Vol: 1,568,143
PSKY Vol: 12,285,993
STX Vol: 7,378,346
ORCL Vol: 26,317,675
DDOG Vol: 6,247,779

Top Losing Stocks

LKQ
LKQ Vol: 4,367,433
CLX Vol: 13,260,523
SYK Vol: 4,519,455
MHK Vol: 1,859,865
AMGN Vol: 3,818,618