finally! William Randolph Hearst’s former LA home is on the market for $ 47 million 14 years later

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William Randolph Hart’s Los Angeles mega-mansion, which appeared in the iconic film The Godfather and in select Beyonce music videos, has been on the market since 2007 and is set to sell for almost $ 50 million.

Leonardo Ross, a current long-time real estate owner, has accepted an offer of $ 47 million, but his potential buyers could get a premium price at a property auction scheduled for September 14.

Ross bought real estate for less than $ 2 million over 40 years ago. At its highest price, the house went public in 2016 for $ 195 million.

The 29,000-square-foot Spanish-style home is set to sell for $ 47 million, starting with an asking price of $ 195 million.

The house is built with extra high ceilings - the 22 foot ceiling in the living room is hand painted

The house is built with extra high ceilings – the 22 foot ceiling in the living room is hand painted

An Olympic-sized swimming pool in the backyard, featured in Beyonce's Mood 4 Eva music video

An Olympic-sized swimming pool in the backyard, featured in Beyonce’s Mood 4 Eva music video

The property has several fountains surrounded by lush greenery and brightly colored flowers, including those in the driveway

The property has several fountains surrounded by lush greenery and brightly colored flowers, including those in the driveway

In 2019, Ross filed for Chapter 11 bankruptcy with Fortress Investment Group, a limited liability company that owns real estate, to avoid foreclosure auctions.

The property, called Beverly Home, went public in April 2020 for around $ 90 million after being appointed bankruptcy manager on behalf of Fortress, according to the Wall Street Journal.

The fortress said it has borrowed more than $ 70 million on unpaid mortgages and interest on the house. Since then, the asking price has fallen to $ 69.95 million.

Property taxes and maintenance costs are factors in lowering prices and can be the reason why it is difficult to move. Beachamp Estates, a UK-based brokerage firm, made it the most expensive home in the US, estimating that only 20 international families can buy and maintain a home.

The pink stucco house was designed by Hoover Dam architect Gordon Kaufmann in 1926 and is set on 3.5 acres with 8 bedrooms, 15 buses and a 4-car garage.

The pink stucco house was designed by Hoover Dam architect Gordon Kaufmann in 1926 and is set on 3.5 acres with 8 bedrooms, 15 buses and a 4-car garage.

Known as the Beverly Home or Hurst Estate, the house has plenty of living space and can accommodate up to 1,000 people.

Known as the Beverly Home or Hurst Estate, the house has plenty of living space and can accommodate up to 1,000 people.

With wide windows and high ceilings, legendary LA homes are bathed in natural light.

With wide windows and high ceilings, legendary LA homes are bathed in natural light.

The property also includes a bar, billiard room, Art Deco-style nightclub, two screening and screening rooms, a magnificent State Public Hall and an entertainment area.

The property also includes a bar, billiard room, Art Deco-style nightclub, two screening and screening rooms, a magnificent State Public Hall and an entertainment area.

The 29,000 square foot Spanish-style site features eight rooms, 15 buses and a four-car garage on 3.5 acres of land. The house is decorated with high ceilings, an Olympic swimming pool and multiple fountains.

Built in 1926, the mansion was designed by Gordon Kaufmann, an American architect of British descent who was responsible for the Hoover Dam.

Luxurious living space, including a formal living room set under an imposing 22 foot hand painted vaulted ceiling.

The house has a two-story wood-paneled library and a billiard room with a fireplace reminiscent of Hearst Castle.

Some of the house’s most original features are its own Art Deco-style nightclub, two screening and screening rooms, a magnificent State Public Hall, and an entertainment area that can accommodate up to 1,000 guests.

To complement the luxurious main building, the 3.5-acre site also includes two staff or guest apartments, a pool house, tennis pavilion, and a five-bedroom two-story gatehouse.

The lush private grounds have sun terraces, lawns and waterfalls.

The 1972 film The Godfather filmed the scene at Hurst Estate.  The house was introduced in one of the famous scenes where Don Corleone puts a severed horse's head on the bed of one of the enemies.

The 1972 film The Godfather filmed the scene at Hurst Estate. The house was introduced in one of the famous scenes where Don Corleone puts a severed horse’s head on the bed of one of the enemies.

Beyonce's favorite: Hurst Estate has appeared in several Beyonce videos, including Mood 4 Eva (pictured) and Black Is King.

Beyonce’s favorite: Hurst Estate has appeared in several Beyonce videos, including Mood 4 Eva (pictured) and Black Is King.

Former President John F. Kennedy and his wife, Jacqueline Kennedy, spent their honeymoon at home after their wedding in 1953.

Former President John F. Kennedy and his wife, Jacqueline Kennedy, spent their honeymoon at home after their wedding in 1953.

The house has many creative projects such as the Godfather scene, Beyonce’s Mood 4 Eva music video and the Black Is King movies.

The previous owner has hosted many high-profile guests, including the William Randolph Hearst newspaper. John F. Kennedy and his wife, Jacqueline Kennedy, stayed there on their honeymoon.

After Hurst’s death in 1951, the property became the name of his lover, Marion Davies. According to Forbes, the house was bequeathed to the headliner of Ziegfeld Follies.

The billiard room has a fireplace reminiscent of Hearst Castle.  This is another property and historic site owned by its former owner, William Randolph Hearst.

The billiard room has a fireplace reminiscent of Hearst Castle. This is another property and historic site owned by its former owner, William Randolph Hearst.

The property has a tennis court surrounded by trees and a basketball hoop for guests and residents.

The property has a tennis court surrounded by trees and a basketball hoop for guests and residents.

Current owner Leonard Ross has been trying to buy and sell real estate since 2007. He filed for bankruptcy in 2011 and has an outstanding loan of around $ 70 million and interest on his house.

Current owner Leonard Ross has been trying to buy and sell real estate since 2007. He filed for bankruptcy in 2011 and has an outstanding loan of around $ 70 million and interest on his house.

Hurst owned the house until his death, but lived with his longtime girlfriend, Marion Davies.  The house received the headlining title of the Ziegfeld Follies after his death in 1951.

Hurst owned the house until his death, but lived with his longtime girlfriend, Marion Davies. The house received the headlining title of the Ziegfeld Follies after his death in 1951.

The luxurious life of media mogul William Randolph Hearst

William Randolph Hearst (pictured) was born rich and built a publishing empire behind his father.

William Randolph Hearst (pictured) was born rich and built a publishing empire behind his father.

William Randolph Hearst was born into wealth and built a publishing empire behind his own father who gave him control of the San Francisco Examiner in 1867.

Hurst then moved to New York with great success thanks to the sensational history brand. This is a convention that has been called “yellow journalism”.

He quickly owned 30 newspapers nationwide and successfully contested a seat in the United States House of Representatives.

However, he was hit hard by the Great Depression and died for a small amount of money, but never sold his stake.

Hurst has grown into a multi-billion dollar business when available, providing heirs with millions of dollars a year.

Built between 1919 and 1947, Hearst Castle is today a National Historic Landmark. The estate was designed by famous architect Julia Morgan for 28 years.

Media mogul William Randolph Hearst commissioned a magnificent castle, but died shortly after its completion.

However, he was able to take advantage of the mansion as it was operating during the almost 30-year construction period. Hurst is famous for hosting many decadent political parties in his mansion before his death in 1951.

The castle peaked in the 1920s and 1930s, when Hollywood stars flocked to the grounds to line up with politicians for the ridiculous party hosted by its powerful and influential owners.

finally! William Randolph Hearst’s former LA home is on the market for $ 47 million 14 years later

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