Lachlan Murdoch Buys ‘Beverly Hillbillies’ Home for $150 Million

(Bloomberg) -- Lachlan Murdoch has just become at least the fourth person to pay more than $100 million for a home in the U.S. this year.

Murdoch, the oldest son of media mogul Rupert Murdoch, paid a California record of about $150 million for a Bel-Air estate that had been featured about a half century ago on “The Beverly Hillbillies” TV show, according to a person familiar with the sale.

It’s still a deal of sorts: Murdoch acquired the property at a 57% discount from the 2017 asking price.

Christened “Chartwell,” the French-style home on more than 10 acres overlooks downtown Los Angeles and the Pacific Ocean. It includes a gallery for 40 cars, a 12,000-bottle wine cellar and precisely manicured gardens, according to the listing.

Lachlan Murdoch Buys ‘Beverly Hillbillies’ Home for $150 Million

The seller was the estate of late Hollywood dealmaker Jerry Perenchio. In a career spanning more than 50 years, Perenchio built Univision into the largest Spanish-language broadcaster in the U.S. The deal also includes a property behind the main estate that was the former home of President Ronald Reagan and his wife, Nancy.

Lachlan Murdoch, 48, is the chief executive officer of Fox Corp. and one of six siblings to share $12 billion of proceeds from Walt Disney Co.’s $71 billion acquisition of 21st Century Fox Inc. assets earlier this year.

At least three real estate transactions have topped $100 million this year in the U.S., including the record $238 million Citadel founder Ken Griffin plunked down in January for a New York penthouse at 220 Central Park South.

Last week, fellow hedge fund billionaire Steven Schonfeld and his wife Brooke closed on a mega-mansion in Palm Beach, Florida, for $111 million. And earlier this year, a Holmby Hills estate belonging to Formula One heiress Petra Ecclestone sold for about $120 million, the most paid for a Los Angeles home at the time.

The exterior of Chartwell appeared on television screens in the 1960s and 1970s in the hit TV comedy “The Beverly Hillbillies,” the fictional story of Jed Clampett who made a fortune after striking oil and moved his clan to Beverly Hills.

The listing agents were Drew and Susan Gitlin of Berkshire Hathaway HomeServices California Properties; Joyce Rey, Jade Mills and Alexandra Allen of Coldwell Banker Global Luxury; and Drew Fenton, Jeff Hyland and Gary Gold of Hilton & Hyland.

©2019 Bloomberg L.P.

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