That must have been one heck of a promo code.
After 14 years and $148 million in discounts, the infamously expensive Hearst Estate is finally set to sell — chandeliers and sconces not included.
The 75% off the house doesn’t come with the chandeliers, sconces, a nine-foot wood archway from the billiards room, stained glass panels from the owner’s bedroom, three etched glass doors and panels, two sets of art deco doors near the disco, art deco mirrors, interior dining room wood doors or any outdoor statues, according to court documents.
Los Angeles-based investment company Berggruen Holdings agreed to pay $47 million for the eight-bed, 15-bath Italian and Spanish-style mansion, which has been on and off the market for between $69.95 and $195 million since 2007. An auction on Sept. 14 could accept a higher offer, but Berggruen has put a $1.41 million deposit down, according to California bankruptcy court documents filed Wednesday.
“We believe the auction will go over the current accepted price because of all the activity we have,” listing broker Anthony Marguleas of Amalfi Estates told The Post on Friday, citing multiple offers the property has received in the last few weeks.
Recently known for its ties to Beyoncé and “The Godfather,” the manse first gained notoriety as the 3.5-acre home of newspaper magnate William Randolph Hearst and his partner, actress Marion Davies. It would later become the honeymoon destination of Jacqueline and John F. Kennedy and JFK’s presidential election headquarters.
The seller, litigator and financier Leonard Ross appears to no longer be in bankruptcy proceedings after first filing over a decade ago. Property taxes, which have been in default on the property since 2019, will be paid through escrow on the sale transaction, according to the court documents.
“We are very excited. It was an extensive and aggressive marketing campaign,” Maguleas told The Post.
The listing team included Anthony Marguleas of Amalfi Estates, Gary Gold of Hilton & Hyland, and Zizi Pak and John Gould of Rodeo Realty. Agents’ commissions will total $705K, according to court documents.
Berggruen was represented by Drew Fenton and Linda May of Hilton & Hyland, who did not immediately reply to a request for comment but will receive a $940K commission, according to court documents.
“It’s a fantastic buyer, and we’re excited to see what they do with it in the next chapter of this property’s life,” Marguleas told The Post.
![“The house needs to be beautifully maintained. And let’s be blunt, it’s not just the house. The gardens are just so lavish and need so much attention. You guys [Americans] do landscape gardens to such a high level, they really are something else,” a representative for a former broker told The Post in March.](https://24hbongdda.site/wp-content/uploads/sites/2/2021/08/hearst-estate-08.jpg?quality=75&strip=all&w=878)
