The limestone clad mansion in Bel Air owned by the late TV executive Jerry Perenchio just got a price cut.
But at $245 million, the commanding French neoclassical residence, which measures 25,000 square feet, is still the most expensive listing on the open market in the U.S.
The property, which came up for sale last year for a staggering $350 million, has long been the cream of the crop among high-end estates.
Chartwell was famously used as the lavish mansion inhabited by the Clampett family on The Beverly Hillbillies in the 1960s.
The main residence shares the property, which measures more than 10 acres, with elaborate gardens, fountains, expansive lawns, a 75-foot swimming pool, and a five-bedroom guesthouse designed by Wallace Neff.
The LA area holds a number of houses listed for sale at more than $100 million.
Just last week, the chairman of LA’s Olympics committee, sports executive Casey Wasserman, listed his house in Beverly Hills for $125 million.
A Beverly Hills estate once home to William Randolph Hearst returned to the market earlier this month for $135 million.
The county record-holder for most expensive sale is held by a Malibu house sold this year for $110 million.
Chartwell is now for sale on the open market. It’s listed with Jeff Hyland, Drew Fenton, and Gary Gold of Hilton and Hyland; Jade Mills, Joyce Rey, and Alexandra Allen of Coldwell Banker Global Luxury; and Drew Gitlin and Susan Gitlin of Berkshire Hathaway Home Services.