Casa Encantada, once the most expensive mansion in the US, is now listed at $165 million after significant price reductions; its market presence reflects broader trends in luxury real estate.
The mansion, historically linked with Conrad Hilton, offers 40,000 square feet of lavish space and modern amenities aimed at ultra-wealthy buyers, yet it struggles to attract offers.
Listing agent Josh Flagg observed that the current price trajectory of Casa Encantada mirrors a downturn in high-end real estate, suggesting an oversaturation in the ultra-luxury market.
The property has been relisted multiple times since 2019, indicating a shift in buyer appetites and a competitive landscape for high-end mansions in Los Angeles.
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