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An LA mansion that was once the most expensive in America got another price cut, to $165 million. The seller is the widow of telecom tycoon Gary Winnick, who paid $94 million for it in 2000. Related Video Inside the most expensive neighborhoods of Singapore, home to TikTok CEO Shou Zi ChewNow the property is $30 million off. This week, the 60-room mansion cut its ask to $165 million, a 34% drop from its highest price tag. With the latest price cut, it's no longer the most expensive listing in California.
Persons: Encantada, it's, Gary Winnick, , Conrad Hilton, Jeff Bezos, Shou Zi Chew, Casa Encantada, It's, John Donahue, Karen Winnick, Encantada's, Josh Flagg, Flagg Organizations: Service, Bel Air, Hilton Hotels, Pritzker, Global, Business, Bel, Air Country Club Locations: America, Los Angeles, Singapore, Naples, Florida, California
According to Realtor.com, about 19.3% of homes listed for sale saw a price cut in August, easing some pressure off buyers plagued by high mortgage rates. The Fed cut rates last week and is expected to lower them further in the coming months, which should eventually push down mortgage rates and increase homebuyers' purchasing power. This story is available exclusively to Business Insider subscribers. To compile this list, Business Insider scoured Zillow listings. AdvertisementHere's a look at the priciest homes for sale in each state.
Persons: , Knight Frank Organizations: Service, Business, LA's Bel Air Locations: Manhattan, Los Angeles, Palm, New York, Central, LA's Bel, Florida
The most expensive home for sale in the U.S. hit the market this week for $295 million. Gordon Pointe, as it's called, is a roughly 9-acre compound in Naples, Florida, on the Gulf Coast, in an affluent enclave called Port Royal. The mega-listing includes a main house that spans about 11,500 square feet, with six bedrooms. Two guest houses, each over 5,000 square feet, bring the estate's total interior living space to 22,800 square feet. The residence sits high atop 217 West 57th Street, overlooking Central Park, spanning three floors and over 17,500 square feet.
Persons: Gordon Pointe, Leighton Candler, Corcoran, Candler, Gordon, John, Rhodora Donahue, John Donahue, Hermes, Dawn McKenna, McKenna, she's, It's, Cody Boone, Ryan Serhant, Serhant, naysayers, Donna Olshan, Karen Winnick, Gary Winnick, Kurt Rappaport, that's, Jonathan Miller, Miller Samuel, Jeff Bezos, Clodagh Kilcoyne, Ken Griffin, Larry Ellison, Marc Andreessen, Jim Bartsch, Jerry Perenchio, Miller, Lachlan Murdoch, Rupert Murdoch Organizations: Royal, CNBC, U.S . Army Corps of Engineers, Dawn McKenna Group, Coldwell, Coldwell Banker Realty, St, SERHANT Studios, Encantada, U.S, Washington , D.C, Reuters, Amazon, Oracle, Bel Air, Fox Corp Locations: Gordon Pointe, U.S, Naples , Florida, Gulf, New York, of Mexico, Pittsburgh, Port Royal, America, New York City, Central, Manhattan, Los Angeles, Bel, Washington ,
It is one of the most significant estates in Los Angeles. Built in the 1930s, the roughly 8.5-acre Casa Encantada in Bel-Air has twice set a record as the most expensive private home ever sold in the U.S., first in 1980 and then again in 2000.
Locations: Los Angeles ., Bel, U.S
Puerto Rican singer and musician Lalo Rodríguez, best known for his salsa megahit "Ven devórame otra vez" (Come devour me again) has died. As fellow musicians and fans grapple with the uncertain circumstances surrounding his death, they're remembering Rodríguez as a talented artist who helped lift salsa music to new heights. Light and progress Lalo," salsa music icon Willie Colón, who is also credited for helping popularize the genre, lamented in Spanish on Twitter. Salsa music enthusiast Juana Peña described Rodríguez as a "versatile singer, capable of getting into any rhythm and doing it well" in a tweet. Puerto Rican writer Sandra Guzmán mourned the singer's passing with a touching post saying, "A virtuoso goes to music heaven to join Puerto Rican salsa Gods.
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