Karen Winnick, along with her late husband, billionaire financier Gary Winnick, owns the breathtaking Casa Encantada in Bel-Air, now listed at $195 million after a substantial $55 million price reduction. Purchased together in 2016 for $27 million, this magnificent property, presented by Linda May of Hilton & Hyland, offers an unparalleled blend of opulence, privacy, and sophisticated design, making it a prime investment opportunity in one of Los Angeles’ most prestigious neighborhoods.
Exquisite Design and Lavish Interiors
This spectacular mansion spans 19,106 square feet and features nine bedrooms and twelve bathrooms. As you enter the grand foyer, you are immediately captivated by the soaring ceilings, intricate moldings, and exquisite finishes that define the home. The expansive formal living room boasts floor-to-ceiling windows, allowing natural light to flood the space, while a stately fireplace adds a touch of warmth and elegance.
The gourmet kitchen is a chef’s dream, equipped with top-of-the-line appliances, custom cabinetry, and a large center island. Adjacent to the kitchen is a formal dining room that exudes sophistication, perfect for hosting intimate dinners or grand soirées. The estate also includes a spacious family room, a state-of-the-art home theater, and a wine cellar that can accommodate an impressive collection.
Outdoor Paradise
The exterior of the property is equally impressive, featuring beautifully landscaped gardens, a sparkling infinity pool, and multiple terraces for outdoor entertaining. The outdoor kitchen and dining area provide an ideal setting for alfresco meals, while the lush lawns and serene water features create a tranquil oasis. The estate also includes a tennis court and a guest house, ensuring that every amenity is at your fingertips.
Recent Transactions and Notable Ownership
Karen Winnick, along with her late husband Gary Winnick, acquired this estate in 2016 for $27 million. Gary Winnick was a renowned financier, best known for founding Global Crossing, a telecommunications company that laid over 100,000 miles of fiber optic cables worldwide. Before his passing on November 4, 2023, Gary’s net worth was estimated to be over $4 billion. He made significant contributions to both the business and philanthropic sectors, leaving a lasting legacy.
Prestigious Neighborhood and Celebrity Residents
Located in the heart of Bel-Air, this estate is surrounded by the homes of numerous high-profile individuals, including Jennifer Aniston, Beyoncé, and Jay-Z. The neighborhood offers unparalleled privacy and security, making it a favored locale for celebrities and business moguls alike. Notable real estate transactions in the area highlight its exclusivity:
- In 2020, Jeff Bezos purchased the Warner estate in Beverly Hills from David Geffen for $165 million.
- In 2019, Lachlan Murdoch acquired the Chartwell estate in Bel-Air from the estate of the late Univision Chairman Jerry Perenchio for $150 million.
- Earlier this year, Beyoncé and Jay-Z invested in a 40,000-square-foot beachfront estate in Malibu for $200 million.
These high-profile acquisitions underscore the desirability and prestige of the Bel-Air and surrounding areas, solidifying their status as prime real estate for the world’s elite.
Investment Potential and Accessibility
Bel-Air continues to be one of Los Angeles’ most sought-after neighborhoods, with property values steadily rising. The estate’s prime location and impeccable design make it a standout investment opportunity. Within a short drive, residents can access top-tier amenities such as the Getty Center, the Los Angeles Country Club, and the high-end shops and restaurants of Beverly Hills.
The property is conveniently located approximately 20 minutes from the Los Angeles International Airport (LAX), 30 minutes from the iconic Santa Monica Beach, and just 15 minutes from the exclusive Bel-Air Country Club.
Conclusion
This Bel-Air mansion represents the pinnacle of luxury living, combining timeless elegance with modern amenities and unmatched privacy. With its prestigious location, opulent design, and significant investment potential, Casa Encantada is a truly exceptional property.