C
asa Encantada, a 7-bedroom, 20-bathroom estate in Bel-Air, is considered one of the finest residences in the United States. Its Russian-born architect, James Dolena, described it as a "modern Georgian with Grecian influences." The property has been owned by notable figures like Conrad Hilton and has hosted high-profile events.
Currently listed for $195 million, Casa Encantada was previously priced at $250 million but had its price slashed due to repeated failed listings. A trio of super-agents, including Josh Flagg of Compass, are now working together to sell the estate, which they believe is one of the most iconic homes in Los Angeles.
Flagg notes that the property's vast size, opulence, and prime location make it highly sought after. He also praises its motorcourt, which features an exquisite fountain highlighted by magnificent bronze sculptures. The estate has broken records as the most expensive home sold in the United States twice before.
Casa Encantada was built for Hilda Boldt Weber, a former nurse turned fabulously wealthy widow of a glass bottle mogul, who had scandalized society by marrying her butler. No expense was spared in its construction, which included a building tunnel to the Bel-Air Country Club golf course and lavish fixtures in the servants' bedrooms.
Weber's profligacy ultimately led to her financial downfall, and she sold the property to Conrad Hilton for $225,000 in 1950. Hilton lived in the estate until his death in 1978, and it has since been owned by several notable individuals, including billionaire David Murdock and businessman Gary Winnick.
The Winnicks invested tens of millions in restoring the property, which was overseen by legendary architect Peter Marino. Despite being relisted for $250 million after Gary Winnick's death in 2023, no firm offer came through. Flagg believes that the time is finally right to sell the property, citing a more stable market and qualified buyers who have toured the estate.
The costs of maintaining a historic estate of this size are substantial, and the COVID era has caused confusion in the real estate market. However, Flagg remains optimistic about the sale, stating that someone will get an incredible deal at the current price of $195 million.
