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'Beverly Hillbillies' house most expensive listing in U.S.

Posted by The Aramco Group on Sat, Aug 12, 2017 @ 14:08 PM

The sprawling Bel-Air estate featured in the opening credits of television series The Beverly Hillbillies, is currently the most expensive residential listing in the country. The mansion, known as Chartwell, hit the market last week with a price tag of $350 million.

Owning the iconic estate may require a rags-to-riches story as seen in the popular 1960's sitcom about the Clampett family who struck it rich in oil and moved to Beverly Hills. The property includes 10.3 acres of land and a 25,000-square foot mansion inspired by French Neoclassical design. Features include a ballroom, wine cellar, parking for 40 cars and a 75-foot pool. It was previously owned by the late Univision billionaire A. Jerrold Perenchio.

Chartwell, however, is chump-change in comparison to the 400,000-square-foot skyscraper home in Mumbai, India which Forbes has labeled the most expensive home in the world. Its value is estimated to be between $1 to 2 billion dollars.

Today, conforming no-point 30-year fixed mortgage rates averaging 4 percent while 15-year rates are near 3.25 percent.

Do you have a question for Real Estate & Mortgage Analyst Mehran Aram? Submit your queries about a home purchase, refinance, or reverse mortgage via Aramco.Biz, social media (#AramcoReport), or over the phone at (866) 381-8888 and your questions may be featured in an upcoming article.