BEVERLY HILLS, Calif. – (Realty News Report) – The Hearst Estate, featured in “The Godfather” movie is being auctioned off with a minimum bid of $47 million.
The nine-bedroom mansion, a former residence of newspaper magnate William Randolph Hearst , was also used as the honeymoon hideaway for Jacqueline (nee Bouvier) and John F. Kennedy .
The Hearst Estate, painted a salmon pink, was built in 1926 on 3.5 acres on North Beverly Hills Drive, three blocks north of Sunset Boulevard.
The 29,000 SF main house, which has15 bathrooms, comes with 7,000 SF in ancillary structures, including two staff/guest apartments, a pool house, a tennis pavilion, and a two-story 5-bedroom gatehouse.
Resting at the end of one of the city’s longest private driveways, this home is a Mediterranean-style classic by architect Gordon Kaufman. A formal living room features 22-foot arched hand-painted ceiling. The house has two-story wood-paneled library and a billiards room with herringbone parquet floorsand a fireplace from the Hearst Castle. For entertaining, the mansion and grounds can comfortably accommodate up to 1,000 guests.
“The Hearst Estate is anchored in American Legend and is a one-of-a-kind home that is truly a spectacular property. This is a rare and prestigious opportunity to acquire one of the 10 most iconic homes in LA which you rarely see come available. This property now has a motivated seller and is priced to sell,” said Anthony Marguleas of Amalfi Estates.
Amalfi Estateshas a listing for the estate with Gary Gold of Hilton & Hyland, Zizi Pak of Rodeo Realty and John Gould of Rodeo Realty.
The Hearst Estate will be sold in an Sept. 14 auction conducted during a hearing to approve a bankruptcy sale. An offer of $47 million has been accepted. Other bids, which must be at least $1 million higher, or $48 million, will be accepted until Sept. 14.
While shots of the exterior of the mansion were used in “The Godfather,” the movie used a home on Long Island, NY for the indoors footage, including bloody scene with a horse’s head in a bed.
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