Mortgage: shocked to see the most expensive mortgage ever

In October 2019, Casa Encantada, the Bel-Air home of financier Gary Winick—a 40,000-square-foot 1930s property

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above the Bel-Air Country Club—was listed for sale for $225 million. The residence has twice earned the title

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of most expensive publicly listed home in the United States. Have you ever wondered what it would be like

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to live in a $200 million house? It is definitely expensive. The selling price is one thing, but there are many

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more costs to consider. Casa Encantada was built in the 1930s by architect James E. Dolen, who favored

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unified traditional Georgian architecture with Art Deco and Moderne styles. According to the Los Angeles Times,

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the mansion was completed in 1937 at a cost of $35 million in today's money. Hotelier Conrad Hilton bought the property in

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1950 for $225,000, and when he died in 1979, media mogul Rupert Murdoch paid $12.4 million for the house.

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