Hearst/Davies estate for lease: Only $600,000 per month

hearst2.jpgThat's $7.2 million annualized, which seems a little nutty even by L.A. standards. The property in question is the 50,000-square-foot Mediterranean-style Beverly House, which had been the home of publishing magnate William Randolph Hearst and his mistress, actress Marion Davies. It also was where John and Jackie Kennedy honeymooned. Listing agent Jeffrey Hyland says it might be the most expensive lease in the country. Some particulars from the LAT:

Designed by Davies and Hearst to double as a theater complete with a drop-down screen and built-in projection portals, the 22-foot-tall living room also has served as party space over the decades. It was the site several years ago of a 60-person sit-down dinner for Prince Albert II of Monaco. "We just rolled up the rug," [The fourth owner, attorney-investor Leonard Ross,] said. The nearby billiards room is a more intimate space with a coffered wood ceiling, a fireplace surround moved down from Hearst Castle in San Simeon and a 1888 Brunswick pool table. Ross added a large painting of Marion Davies that he purchased later. The heart of the house's original rooms is the two-story library, lined with wooden shelves on both levels and a wrap-around walkway with railing above. Extra-thick glass windows let light into the restful room but shut out all sound.

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Mark Lacter
Mark Lacter created the LA Biz Observed blog in 2006. He posted until the day before his death on Nov. 13, 2013.
Mark Lacter, business writer and editor was 59
The multi-talented Mark Lacter
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