Close Menu
Real Estate Smart ChoiceReal Estate Smart Choice
  • News
  • Investing
    • Buying
    • Selling
  • Financing
    • Mortgage Calculator
  • Guides
  • Homeowners
    • Home Improvement
    • Property Management

LATEST

Wall Street Brokers Face $30B Revenue Risk from ETF Rule Change
May 8, 20253 Mins Read
Is the Housing Market Actually “Healthy”? Here’s My Scorecard to Find Out
May 8, 20255 Mins Read
Bird Dog Bot
Facebook X (Twitter) Pinterest LinkedIn
Real Estate Smart ChoiceReal Estate Smart Choice
  • News
  • Investing
    • Buying
    • Selling
  • Financing
    • Mortgage Calculator
  • Guides
  • Homeowners
    • Home Improvement
    • Property Management
Real Estate Smart ChoiceReal Estate Smart Choice
Home » Real Estate » Western White House Sells For $23M, Among Highest Local Sales
Real Estate

Western White House Sells For $23M, Among Highest Local Sales

October 26, 20243 Mins Read
Western White House Sells For $23M, Among Highest Local Sales
Facebook Twitter LinkedIn Pinterest Email Copy Link

Situated on nearly three acres, the property features 11 bedrooms, 14 bathrooms, a wine cellar, staff rooms—both added during the Elies’ renovation — and a swimming pool. Despite these extensive upgrades, the Elies ultimately found the home too large and chose not to move in.

Whether it’s refining your business model, mastering new technologies, or discovering strategies to capitalize on the next market surge, Inman Connect New York will prepare you to take bold steps forward. The Next Chapter is about to begin. Be part of it. Join us and thousands of real estate leaders Jan. 22-24, 2025.

The Western White House, a White House replica in Hillsborough, California, has sold for $23 million ahead of the presidential election, The Wall Street Journal reported Thursday. However, the next president will presumably not be moving in.

This $23 million sale ranks among Hillsborough’s highest home sales, following the record $30 million sale in 2022, according to The Journal. Alex Buljan of Compass and his father and colleague, Pierre Buljan, shared the listing.

The identity of the buyer has not been publicly released.

Located at 401 El Cerrito Avenue, the home was initially listed in June 2023 for $38.9 million. Owners Mehrdad Elie, a real estate investor, and his wife, Neda Elie, considered selling at auction earlier this year but opted to keep it on the market instead. The property went under contract earlier this month.

The Elies purchased the home in 2022 for $15 million and invested around $6 million in renovations while preserving its White House-inspired features. Initially built in the 1870s as a four-story Swiss chalet, the home was transformed into a White House replica in the 1930s by George R. Hearst, the son of media mogul William Randolph Hearst.

George commissioned the late architect Julia Morgan to redesign the home with Neoclassical Georgian elements, including columns, Palladian windows and a replica of the White House Rose Garden, along with interior replicas of the Oval Office and East Room. The 24,000-square-foot mansion exudes luxury, blending intricate crown molding, polished wood floors and elegant chandeliers with modern finishes, according to the listing.

Situated on nearly three acres, the property features 11 bedrooms, 14 bathrooms, a wine cellar, staff rooms — both added during the Elies’ renovation — and a swimming pool. Despite these extensive upgrades, the Elies ultimately found the home too large and chose not to move in.

Email Richelle Hammiel

view original post on www.inman.com

Share. Facebook Twitter Pinterest LinkedIn Email Copy Link
Previous ArticleRentec Direct Recognized in Washington DC as Top 100 Small Business by the U.S. Chamber of Commerce
Next Article October 25, 2024 Economic and Housing Market Update

Related Articles

Wall Street Brokers Face $30B Revenue Risk from ETF Rule Change

May 8, 20253 Mins Read
Read More

Is the Housing Market Actually “Healthy”? Here’s My Scorecard to Find Out

May 8, 20255 Mins Read
Read More

Blackstone, Vanguard, Wellington to Launch Private Markets Fund

May 8, 20252 Mins Read
Read More
LATEST

Wall Street Brokers Face $30B Revenue Risk from ETF Rule Change

May 8, 20253 Mins Read

Is the Housing Market Actually “Healthy”? Here’s My Scorecard to Find Out

May 8, 20255 Mins Read

Blackstone, Vanguard, Wellington to Launch Private Markets Fund

May 8, 20252 Mins Read

Multifamily Rents Rise As Economy Begins To Slow

May 8, 20252 Mins Read
POPULAR
News Real Estate

Wall Street Brokers Face $30B Revenue Risk from ETF Rule Change

May 8, 20253 Mins Read

(Bloomberg) — A potential regulatory shift in favor of the ETF industry is expected to shake up the business models of Wall Street brokers, with billions of dollars in revenue at stake.Wirehouses…

Read More

Is the Housing Market Actually “Healthy”? Here’s My Scorecard to Find Out

May 8, 20255 Mins Read

Blackstone, Vanguard, Wellington to Launch Private Markets Fund

May 8, 20252 Mins Read

Multifamily Rents Rise As Economy Begins To Slow

May 8, 20252 Mins Read
About Us

We are your premier destination for real estate news, investment insights, and invaluable industry information. Our commitment is to provide you with accurate, timely, and comprehensive content that empowers you to make informed decisions in today's ever-evolving real estate landscape. Trust us to be your guide in navigating the intricacies of real estate investment and beyond!

Home Designs AI

LATEST

Wall Street Brokers Face $30B Revenue Risk from ETF Rule Change

May 8, 20253 Mins Read

Multifamily Rents Rise As Economy Begins To Slow

May 8, 20252 Mins Read
Real Estate Smart Choice
Facebook X (Twitter) LinkedIn Pinterest
  • Home
  • News
  • Investing
  • Financing
  • Guides
  • Mortgage Calculator
  • Contact Us
© 2025 by Real Estate Smart Choice

Type above and press Enter to search. Press Esc to cancel.