Overview

• 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.