Finance

The most expensive house for sale in America is a $225 million Bel-Air estate built by a rejected socialite and once owned by the founder of the Hilton empire. Take a closer look at the sprawling property.

Bel-Air estate Casa Encantada might soon become the most expensive home ever sold in California, reports the Los Angeles Times. 

The 40,000-square-foot property has hit the market with an asking price of $225 million – making it the highest-priced home currently on the market anywhere in the country, per the Times.

Read more: Take a look inside the 100-square-mile Texas ranch that T. Boone Pickens, the oil magnate who just died at 91, listed for $250 million in 2017

Currently owned by financier Gary Winnick, the estate traces its roots back to the 1930s, when it was built for the widow of a glass bottle manufacturer. Since then, it has had many owners. In 1950, it was purchased by hotel magnate Conrad Hilton for $250,000 (or about $2.4 million today), then sold in 1979 to billionaire David Murdock, the chairman and CEO of Dole Foods, for $12.4 million, the Times reports. 

In 2000, Winnick bought the home from Murdock for a reported $94 million and soon led a project to restore the property to its former glory. 

While a PR representative for the estate told Business Insider that interior photos of the property in its current state aren’t being released, you can keep reading for a look back at the home’s original 1930s glory and to learn more about its history.

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