One of the largest houses in the United States has hit the market in Los Angeles — and it’s poised to become the city’s most expensive deal.
The 50,000-square-foot mansion owned by the billionaire Pritzker family and coined the Angelo Estate hit the market Tuesday with a $195 million price tag, according to Homes.com. Listing agents Kurt Rappaport and Stephen Shapiro, who co-founded the Westside Estate Agency brokerage, are representing the seller.
If the 16-bedroom, 27-bathroom mansion on Angelo Drive sells at its list price, it will be the most expensive home sale in Los Angeles after Jeff Bezos’ $165 million purchase of the Warner Estate in 2020, Shapiro said in an interview. The city’s most expensive sale in 2024 was a $68.2 million mansion in the Hollywood Hills neighborhood that sold in April, Homes.com data showed. Rappaport also represented that seller.
So how do you market such a house? The agents expect the quality and size to be the main selling points, while they will have to focus on making sure their target home-shopping audience knows it's on the market. Shapiro said he and Rappaport are seeking a very specific type of buyer for the house: “Somebody with multiple billions.”
With a 20% down payment of $39 million, a 30-year, fixed-rate mortgage on the house would cost more than $1 million per month, Homes.com data showed.
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The current owner of the house is Hyatt Hotels heir Tony Pritzker, Shapiro said. Pritzker and his now ex-wife had the steel, glass and limestone mansion designed by Ed Tuttle, an architect known for designing hotels. It was built by McCoy Construction — described by Shapiro as “the best builder in Los Angeles” — and completed in 2011.
“It was built to be the perfect home,” Shapiro said. “It’s unbelievable. From its architecture to its construction, to the detail, it's just an unbelievable house.”
The Pritzkers and their six children used the house as their residence and often hosted philanthropic events at the property. The sale of the property comes on the heels of the pair’s divorce, media outlets have reported.
Billionaire buyer
The residence sits at the end of a gated, tree-lined driveway, and it’s perched atop a 6-acre lot that offers “unobstructed views across the entire Los Angeles basin from downtown to the ocean,” Rappaport and Shapiro wrote in their listing description.
Some of its luxury amenities include a bowling alley, a theatre, a library, a game room, a wellness center, a gym, an art room, a tennis court and an infinity pool. Even its construction materials are high-end, according to Shapiro.
“There's not a drywall or a stucco wall in the house. Everything is the Italian limestone,” he said. “No doors in the house have handles. They have grooves that go all the way from ground to top. And you put your hand in there and pull the door.”
Because the property was built to entertain — including room for up to 100 parked cars — Shapiro thinks the next owner will be interested in using the property to host events. “I think the person will also use it for philanthropic and other functions where they're inviting a lot of people up,” he said.
No matter who owns the property next, though, Shapiro is confident it will be a landmark property for decades to come. “I've been doing this for 45 years, and selling very expensive houses, and it's the best house I've ever seen,” he said. “This house will be at the same peak it's at now for the next 100 years. It is that good a house. It is timeless.”