Gary Winnick's Bel Air Mansion Takes a $55 Million Price Plunge

In a significant real estate development, the illustrious Bel Air mansion known as "Casa Encantada," previously listed at an eye-watering $250 million, has undergone a substantial price adjustment. Following the recent passing of its long-time owner, billionaire telecom pioneer Gary Winnick, the estate has resurfaced on the market with a new asking price of $195 million. This reduction, totaling $55 million, adds a new chapter to the property's rich history, tracing back to its origins in the 1930s.

Architectural Origins and Noteworthy Transfers

Designed by architect James Dolena in the 1930s for Hilda Boldt Weber, Casa Encantada has witnessed a series of noteworthy transitions. Originally constructed for around $2 million, it changed hands over the years, passing from Conrad Hilton to David Murdock before ultimately landing in the possession of Gary Winnick in 2000. The $94 million deal, marking a residential record for California, involved a unique exchange of cash and expansive land parcels. The estate became a canvas for Winnick and his wife, Karen Winnick, who invested significant time and resources, collaborating with renowned architect Peter Marino to restore the property.

Grandeur Beyond Walls

Nestled within an 8.4-acre hilltop enclave overlooking the Bel Air Country Club golf course, Casa Encantada exudes opulence. Behind secured gates, the H-shaped mansion boasts seven bedrooms and 20 baths across its sprawling 40,000 square feet. A motorcourt, adorned with a bubbling fountain and neoclassical portico entrance, sets the stage for a luxurious living experience. Inside, a double-height entry foyer leads to a reception hall beneath an 18-foot ceiling. The mansion features dual living and dining rooms, a wet bar-equipped den, and a walnut-paneled study. A 3,500-square-foot master retreat and a host of amenities, including a pool pavilion and movie theater, further enhance the property.

Grounds and Panoramic Views

The estate's secluded location, flanked by an exclusive golf course, offers picturesque city, mountain, and ocean views. Situated atop a subterranean tunnel connecting two golf course holes, Casa Encantada's grounds include rose, herb, and tropical gardens. An 80-foot pool, a north/south tennis court, a sport court, and numerous spots for outdoor lounging contribute to the resort-like ambiance. This private haven is an entertainer's dream, complementing the mansion's grandeur.

Winnick’s Legacy and Ongoing Ventures

Apart from Casa Encantada, co-listed by Kurt Rappaport and Drew Fenton, Gary Winnick's legacy extends to a Charles Gwathmey-designed apartment in New York City. Perched on the 20th floor of the Sherry Netherland Hotel, this property, currently listed just under $4.5 million, represents another facet of Winnick's enduring footprint in the world of real estate.