The property at 419 Saint Cloud Road in Los Angeles, a single-family asset spanning 62 acres, was sold in a recent transaction for $25,000,000. The estate, previously owned by Kathy Hilton and Rick Hilton of Hilton & Hyland, was purchased by Zong Qinghou.

Summary of transaction details:

• Property Type: Single Family
• Transaction Amount: $25,000,000
• Address: 419 Saint Cloud Road, Los Angeles
• Market: Los Angeles
• Buyer: Zong Qinghou
• Seller: Kathy Hilton; Rick Hilton - Hilton & Hyland
• Assets: 62 Acres

The sale, which involved a significant 55% discount from the original asking price, saw the newly built Bel Air mansion change hands. The property, boasting eight bedrooms, 16 bathrooms, bespoke craftsmanship, and a poolside pavilion on the compact grounds, is now owned by a buyer connected to the family of Song Qinghou, a Chinese billionaire tycoon.