The first price reduction to Chartwell—the singular Bel Air estate formerly owned by late producer Jerry Perenchio—brought the ask from $350 million to $245 million. This summer, after nearly two years on the market, finds the property’s price tag amended once again. Chartwell is currently listed at $195 million.

The chateau was designed by architect Sumner Spaulding, and built in 1935. The exterior is limestone.

The interiors of the main house saw a revision during Perenchio’s ownership, and the French neoclassical architecture, extensive grounds and formal gardens transition to a living style that impresses just as readily with an equally baroque intensity. Ornament is heavy, reinforcing the stunning effect of the property at every opportunity.

The house measures 25,000 square feet; the list of amenities is a long one. A 12,000-bottle wine cellar, a grand ballroom, and underground parking for 40 cars are tops on the list.

Perenchio bought Chartwell in 1986, buying adjacent properties as they became available. The acreage tally comes to nearly ten and a half acres, and with such a luxuriously expansive space to work with, the grounds contain an astonishing number of stellar features. First is a 5-bed guest house designed by Wallace Neff—it adds 6,000 square feet to the interior living space on the estate. A 75’ pool with pool house, a tennis court, and magnificent gardens round out the rest of this exceptional property.