At $102 Mil, This Is the Priciest Home Sold in L.A. County History

The 50,000-square-foot house sits on a 5-acre compound.

Twitter photo of Fleur de Lys, sold for $102 million.
Twitter photo of Fleur de Lys, sold for $102 million.

A 50,000-square-foot estate in West Los Angeles has sold for $102 million, making it the priciest home sale ever recorded in the county.

But the buyer of Fleur de Lys, a nearly 5-acre compound between Carolwood and Angelo drives, remains a mystery, the Los Angeles Times reported on its website.

According to The Times, the property was sold by Suzanne Saperstein, the ex-wife of Metro Networks founder David Saperstein. Although the buyer was initially believed to be a French billionaire, a grant deed obtained by The Times showed the tax bills will be sent to the Milken Institute in Santa Monica, raising questions of whether businessman Michael Milken was the buyer.

A representative for the former junk-bond king denied that Milken or the Milken Institute were involved in the purchase.

Although the sale of the property marks a record for Los Angeles County, it falls short of the U.S. record for a home sale. That honor belongs to last year's $117.5 million sale of a mansion on a nine-acre property in Woodside in Northern California, The Times reported.

The previous Los Angeles County record was $94 million paid in 2000 for a Bel-Air property sold by Dole Food Co. billionaire David Murdock, according to The Times.

The Fleur de Lys estate has been likened by some to a miniature Versailles. In addition to a tree-lined driveway, cobblestone courtyard and formal gardens, the estate also includes motor courts, a ballroom, movie theater, music room, wine cellar and tasting room, The Times reported.

Portions of the estate were seen in the 2011 film "The Green Hornet."

--City News Service

Penny Arévalo March 31, 2014 at 09:07 PM
Feel free to repost your link without the masked cursing, which is a violation of Patch's Terms of Use. Thanks!
Lorelei Shark April 01, 2014 at 01:27 PM
I love that the monthly nut is broken down for this $102million estate. 20% down = $20,400,000. Monthly payment = $400,000. Hahahaha, I doubt this was anything but all cash. Will the owner be paying $1,020,000 in property tax annually...I doubt it. I bet there is a maximum property tax for the uber-rich.
mimi April 02, 2014 at 11:05 AM
It is an all cash sale. And rumored to be purchased by an American who was a major player in the infamous junk bond scandal.


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