Highest Priced Mega-Mansion: William Hearst
The latest addition to the over $100 million property club, was once owned by William Randolph Hearst, the newspaper mogul . This $165 million estate is located in Beverly Hills. It was built in the 1920s, and featured in the film “The Godfather”. This mansion has 29-bedrooms and three swimming pools, plus a movie theater.
Why do these mega-mansions continue to skyrocket in price? Because a good one is so hard to find. ”God’s not making any more land. ‘Trophy properties’ are a true microeconomy with much less supply than demand.” Full article