America's most expensive home is on the market

  • America's most expensive home is on the market

America's most expensive home is on the market

For that awesome sum - approximately the 2016 GDP of an African nation, São Tomé & Principe - you get more than just a house and lawn.

These days - even factoring in inflation - the Beverly Hillbillies' newfound oil wealth of $25 million could barely cover a down payment on the home.

The home of late media media tycoon A. Jerrold "Jerry" Perenchio has become the most expensive property on the USA open market, according to reports.

Today, Perenchio's limestone chateau has a "world-class" wine cellar, a ballroom, formal salon and a paneled dining room, according to the listing agents.

Built in 1933 by the architect Summer Spaulding, the property also includes a tennis court, a landscaping out of the ordinary as well as a garage that can accommodate up to 40 vehicles. The estate was expanded to include a Wallace Neff guest house and other amenities. The main house sits on a high point of the sprawling estate where it has sweeping, over-the-treetops views from downtown to the Pacific Ocean.

Chartwell was owned by billionaire media tycoon Jerry Perenchio.

Could a modern-day Clampett afford Chartwell now? It sold in the 1940s to hotelier Arnold Kirkeby, whose family rented the home out for the set of "The Beverly Hillbillies" and sold it to Perenchio for $13.5 million in 1986, according to property records. (Although spending almost half of one's net worth on a giant estate that will require constant upkeep and staffing seems unwise, even for a hillbilly.) But given the current low price of WTI Crude, down almost 50 per cent from 2013-14, it seems that Chartwell would be out of his budget.