One of America’s Biggest Homes Hits the Market for $195 Million
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One of America’s Biggest Homes Hits the Market for $195 Million

The roughly 50,000-square-foot mansion in Los Angeles comes up for sale following the divorce of billionaire Tony Pritzker and philanthropist Jeanne Pritzker

By CANDACE TAYLOR
Wed, Oct 9, 2024 8:52amGrey Clock 3 min

The Pritzker estate in Los Angeles, one of the largest homes in the country, is hitting the market for $195 million. If it sells for that price, it would set a record for the city, where the priciest home sale on record was Jeff Bezos’ $165 million purchase of the Warner Estate in 2020.

The Pritzker listing comes in the wake of a bitter divorce battle between billionaire Tony Pritzker and philanthropist Jeanne Pritzker. The former couple built the house, completing it in 2011.

The roughly 6-acre parcel is in the Beverly Hills Post Office area, just over a mile from Bezos’ home. Situated on a promontory overlooking the city, the home has 180-degree views of downtown L.A. and the ocean, according to Stephen Shapiro of Westside Estate Agency, who has the listing with colleague Kurt Rappaport .

Clad in imported white Italian limestone, the gated estate is about 50,000 square feet with 16 bedrooms, 27 bathrooms and 18 fireplaces. The primary suite has his and hers bathrooms and closets, as well as an indoor and outdoor fireplaces, a hairdressing area, a custom pop-up TV and a balcony.

The lower level of the house has a flower-prep room and a soundproofed bowling alley with custom cabinetry for the bowling balls and shoes. A large theatre has velvet curtains, stage lighting, stadium seating and a projector room. The kitchen has three Gaggenau ovens, two stainless-steel sinks and a dumbwaiter.

On the grounds, a detached two-bedroom guesthouse has a balcony, elevator and its own patio. The estate also has a lighted tennis court with a viewing pavilion. The 75-foot green marble infinity pool overlooks the city, and there is a nearby outdoor kitchen with two barbecues, a large pizza oven, and a custom swimsuit spinner.

In Los Angeles, these types of features are unusual for properties in the hills, Rappaport said. “It’s very rare to have this type of acreage with a view,” he said.

The property also has a detached two-bedroom staff apartment, multiple staff lounges and a staff kitchen.

The Pritzkers are major philanthropists and the home was designed to host large fundraisers, with a large walk-in refrigerator and an extensive underground parking structure.

Because of new restrictions on building, the estate couldn’t be recreated, Shapiro said. “You couldn’t build it today,” he said, adding: “This is the finest house I’ve ever seen.”

Tony and Jeanne Pritzker, who were married for more than 30 years and have six children, declined to comment. The son of Hyatt hotel chain co-founder Donald Pritzker, Tony is a member of one of the country’s wealthiest and more powerful families. He and his brother, J.B. Pritzker , co-founded the investment firm the Pritzker Group, with J.B. ceasing his involvement around the time he became governor of Illinois in 2019.

In 2001, Tony and Jeanne paid $9.5 million for a circa-1938 house in the Beverly Hills Post Office area, according to property records. Then, through LLCs, they purchased several parcels on a ridge adjacent to their previous home. It is unclear how much they paid for the land, but one batch of parcels was purchased in 2005 for $14.7 million, records show.

Once the land was assembled, the Pritzkers started building a new home designed by the late Ed Tuttle of Paris-based architecture firm Designrealization. The Pritzkers moved into the estate in 2011, selling their previous home to celebrity chef Wolfgang Puck for $14 million, property records show.

Jeanne and Tony separated in 2022. The Pritzkers reached a preliminary settlement in April 2024, and Jeanne moved out of the estate that month. The divorce was finalised in May 2024, according to court records. Tony has since paid $19.5 million for a penthouse at Westwood’s Beverly West condominium.



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Buyer demand, seller confidence and the First Home Guarantee Scheme are setting up a frantic spring, with activity likely to run through Christmas.

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The spring property market is shaping up as the most active in recent memory, according to property experts Two Red Shoes.

Mortgage brokers Rebecca Jarrett-Dalton and Brett Sutton point to a potent mix of pent-up buyer demand, robust seller confidence and the First Home Guarantee Scheme as catalysts for a sustained run.

“We’re seeing an unprecedented level of activity, with high auction numbers already a clear indicator of the market’s trajectory,” said Sutton. “Last week, Sydney saw its second-highest number of auctions for the year. This kind of volume, even before the new First Home Guarantee Scheme (FHGS) changes take effect, signals a powerful market run.”

Rebecca Jarrett-Dalton added a note of caution. “While inquiries are at an all-time high, the big question is whether we will have enough stock to meet this demand. The market is incredibly hot, and this could lead to a highly competitive environment for buyers, with many homes selling for hundreds of thousands above their reserve.”

“With listings not keeping pace with buyer demand, buyers are needing to compromise faster and bid harder.”

Two Red Shoes identifies several spring trends. The First Home Guarantee Scheme is expected to unlock a wave of first-time buyers by enabling eligible purchasers to enter with deposits as low as 5 per cent. The firm notes this supports entry and reduces rent leakage, but it is a demand-side fix that risks pushing prices higher around the relevant caps.

Buyer behaviour is shifting toward flexibility. With competition intense, purchasers are prioritising what they can afford over ideal suburb or land size. Two Red Shoes expects the common first-home target price to rise to between $1 and $1.2 million over the next six months.

Affordable corridors are drawing attention. The team highlights Hawkesbury, Claremont Meadows and growth areas such as Austral, with Glenbrook in the Lower Blue Mountains posting standout results. Preliminary Sydney auction clearance rates are holding above 70 per cent despite increased listings, underscoring the depth of demand.

The heat is not without friction. Reports of gazumping have risen, including instances where contract statements were withheld while agents continued to receive offers, reflecting the pressure on buyers in fast-moving campaigns.

Rates are steady, yet some banks are quietly trimming variable and fixed products. Many borrowers are maintaining higher repayments to accelerate principal reduction. “We’re also seeing a strong trend in rent-vesting, where owner-occupiers are investing in a property with the eventual goal of moving into it,” said Jarrett-Dalton.

“This is a smart strategy for safeguarding one’s future in this competitive market, where all signs point to an exceptionally busy and action-packed season.”

Two Red Shoes expects momentum to carry through the holiday period and into the new year, with competition remaining elevated while stock lags demand.

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