C
asa Encantada, once touted as California's most expensive residence, has seen its asking price drop from $195 million to $165 million. This ultra-exclusive estate is still seeking its ideal buyer despite the significant discount.

    Built in 1937 by James E. Dolena and meticulously restored by Peter Marino, Casa Encantada boasts an impressive 40,000 square feet of living space across 60 rooms. The property features a stunning walnut-paneled library, Art Deco-inspired living areas, and a 60-foot tiled pool surrounded by manicured rose gardens.

    The estate's storied history adds to its allure, having been home to hotelier Conrad Hilton and later purchased by billionaire David Murdock in 1980. Winnick spared no expense in the restoration, even hiring Parisian artisans to hand-lacquer the dining room walls.

    In today's market, where $100 million price tags are no longer met with eager buyers, experts remain cautiously optimistic. "Casa Encantada is one of the finest residences in the United States," says Compass agent Josh Flagg. While it may not be selling as quickly as expected, Flagg believes that "it just takes that one person" to make this incredible property their own.