You'll need deep pockets if you want to afford Casa Encantada, which is now available for $55 million less than its original asking price.
Originally, this extravagant house was listed for a staggering $250 million. This price point narrows down the pool of potential buyers significantly, and even with the price adjustment, the group of prospective buyers probably hasn't expanded much. So, you'll need to come up with $195 million if you want to own this house.
Casa Encantada was previously recognized as the most expensive home in the USA. It's a true architectural and design masterpiece. The property underwent extensive renovation and restoration under the guidance of architect Peter Marino.
It was an ambitious project that took over two years to complete and required the daily efforts of 250 craftsmen. The result is an impressive residence with over 60 rooms, including staff quarters and three walk-in safes in the basement. Nothing has been overlooked.
The price reduction follows the death of the owner last month. According to Mansion Global, the owner had a strong emotional attachment to the home and was not willing to sell it for less than $250 million. But now, the family is ready to expedite the sale, leading to this significant price reduction.
Casa Encantada has previously set records in the real estate market. In 1980 and again in 2000, it was the most expensive home sold in the USA. Had it sold for its original price, it would have set another record: the most expensive home ever sold in the USA.
However, this record is still held by Ken Griffin, whose purchase of a penthouse apartment in Manhattan in 2019 for $238 million remains the highest price paid for a home in the USA.
Casa Encantada is more than just a residence; it's a symbol of luxury and extravagance. It will be interesting to see who comes up with the funds to acquire this historic property.
Watch the incredible house here
