LA’s famed Hearst Estate, seen in ‘The Godfather,’ sells for $47 million

The iconic Beverly Hills mansion, known as the Beverly House, has sold for $47 million after a number of price reductions. The mansion which was formerly owned by newspaper titan William Randolph Hearst and Hollywood actress Marion Davies featured in legendary movie “The Godfather” as well as “The Bodyguard.” 

Hearst and Davies’ love story began in 1921, and Davies purchased the property for Hearst 15 years later. The media mogul remained in the home until he passed four years later. 

The mansion was also the honeymoon spot for Jacqueline and John F. Kennedy. 

The property sits on 3.5 Acres and contains one of the longest private driveways in Los Angeles. The mansion has 18 bedrooms and 25 bathrooms between its two-story gatehouse and the main home. 

The property is currently in bankruptcy and originally hit the market for $165 million. In March it was listed for $119 million and again recently for $89.75 million. The asking price was at $69.95 million when the $47 million offer was accepted. 

See Breck Dumas, LA’s famed Hearst Estate, seen in ‘The Godfather,’ sells for $47 million, Fox Business, August 29, 2021. 

Special thanks to David S. Luber (Florida Probate Attorney) for bringing this article to my attention.

https://lawprofessors.typepad.com/trusts_estates_prof/2021/09/las-famed-hearst-estate-seen-in-the-godfather-sells-for-47-million.html