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Last Updated: Wednesday, 11 July 2007, 02:32 GMT 03:32 UK
'Most expensive' US home on sale
William Randolph Hearst paid $120,000 for the H-shaped mansion in 1947

A Beverly Hills mansion has been advertised for sale at $165m (81.4m), making it the most expensive residential property listing in the US.

The former home of US newspaper tycoon William Randolph Hearst has 29 bedrooms, three swimming pools, tennis courts, its own cinema and a nightclub.

Lawyer and investor Leonard Ross, who bought it in 1976, wants a "lifestyle change", his estate agent said.

Mr Hearst bought the H-shaped mansion in 1947 for about $120,000.

Crowded market

The 1920s-era pink stucco estate, which is set across 6.5 acres (2.6ha) north of Sunset Boulevard, featured in the film The Godfather.

But the estate is not the only US property awaiting a buyer who can afford a nine-figure price tag.

A 10-bedroom property in Montana's Big Sky country is on offer for $155m.

And former Saudi ambassador to the US, Prince Bandar bin Sultan, is still seeking a buyer for his Hala Ranch compound in Aspen, Colorado, a year after it was first listed for sale for $135m.

These prices far surpass the record set by former media mogul Gary Winnick in 2001, who spent just $94m for his home, the Los Angeles Times reported.




VIDEO AND AUDIO NEWS
Aerial footage of the Beverly Hills mansion



SEE ALSO
Saudi prince's $135m US home sale
02 Jul 07 |  Business
Hearst gang members jailed
15 Feb 03 |  Americas
The intellectual ties that bind
18 May 07 |  Magazine
Timeline: United States of America
25 May 07 |  Country profiles



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