Hotelier Barron Hilton’s former Bel Air estate officially has new owners. The hotel magnate’s family reportedly sold the mansion for a cool $61.5 million. Despite the high price tag, the home actually sold for less than the asking price. When it was originally put on the market last year, it was listed as $75 million. Barron’s son, Richard Hilton, and grandson, Barron Hilton, were named as listing agents.
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According to LA Times, Barron lived in the pricey estate from the 1960s to his passing in 2019. His father, entrepreneur Conrad Hilton, was the founder of Hilton Hotels Corporation, which Barron later took over as chairman, president, and chief executive officer. The businessman reportedly had a net worth of around $2.5 billion by the time he passed of natural causes.
The Bel Air estate is reportedly the most expensive home to sell in Southern California in this year alone. LA Times notes the previous most expensive real estate purchase made in the area this year was a Beverly Park mansion, valued at $51 million. Similarly, an estate in Palisades was sold for $48.67 million just last month. It was formerly owned by Vice Media co-founder Shane Smith.
The name of the buyer of Barron’s former estate has not been released to the media, though they were represented by Linda May of Hilton & Hyland, a Hilton-owned real estate agency, Forbes reports. However, the new owner likely won’t have trouble making themselves at home given the various amenities the property features.
The Georgian-style home sits on a 2.5-acre plot. It features an Olympic-sized pool, a motor court, a variety of gardens, and a tennis court. The mansion – which boasts 12 bedrooms, 11 bathrooms, and an executive office – itself was designed by Paul R. Williams after Jay Paley commissioned it. Williams was a popular celebrity architect who was commissioned to design homes for the likes of Frank Sinatra, Lucille Ball, and Lon Chaney. The Hilton family later bought the property in 1961.
When the estate was put on the market last year, Rick Hilton, the son of Barron, spoke to Forbes about the emotions behind it. The businessman, who owns Hilton & Hyland, revealed he was 12 years old when his family (which included 5 brothers and 2 sisters) moved into the property. He noted that one of his favorite aspects of the mansion is the circular rotunda, which Rick said his family would often enjoy breakfast at in the mornings.
Sources: LA Times, Forbes,
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