Historic Bel-Air Mansion Casa Encantada's Price Slashed to $165M

Once America's priciest home, Casa Encantada sees a significant price reduction amid a challenging luxury real estate market.

Casa Encantada, a 40,000-square-foot mansion with 60 rooms, was initially listed for $250 million in 2019.
The estate's price reduction to $165 million reflects broader trends in the luxury real estate market, where demand for ultra-expensive properties has waned.
The property, known for its neoclassical design and storied ownership history, overlooks the Bel-Air Country Club and spans 8.4 acres.
Originally built in 1937, the mansion has undergone extensive renovations, including a restoration by architect Peter Marino.
The current owner, Karen Winnick, widow of financier Gary Winnick, aims to sell as part of a downsizing effort.