Way back in 2015, Rick and Kathy Hilton spent $9.3 million to buy a heavily modified 1930s house in L.A.’s prime lower Bel Air neighborhood, one located just a quick jog away from their own main residence. The long-married socialites—he a grandson of Hilton Hotels founder Conrad Hilton and the co-founder of the Hilton & Hyland real estate brokerage, she the quirky mother of Paris Hilton and former star of “The Real Housewives of Beverly Hills”—subsequently tore down the existing structure and spent years building an all-new trophy mansion to be sold on speculation.
That new mansion, a gleaming and all-white affair, merges Old World architecture with modern-day style and state-of-the-art technology. Completed circa 2021 and prominently showcased on “RHOBH,” the house sports glamorous architecture by Hollywood-based firm Harrison Design and sophisticated interior design courtesy of a collaboration between Nicole Gordon Studio and Kathy Hilton herself.
The newly-complete estate first hit the market in September 2021, asking a whopping $55 million. Unfortunately, however, things didn’t quite go as planned. The house ended up languishing on the market for more than two years, suffering several big price chops during that time. By early 2023, the asking price had been slashed all the way down to $39.5 million. But by then, L.A.’s controversial new mansion tax and high interest rates had already put a big damper on the market.
Though it was removed from the market last fall, records now reveal the house quietly sold this week—for just $25 million, a staggering 55% discount off the original list price. The all-cash, bargain-shopping buyer is an entity tied to the family of Song Qinghou, a billionaire Mainland Chinese tycoon who made his $6.1 billion fortune in the beverage industry; in 2012, he was ranked by Forbes as China’s richest man.
Zong and his family will enjoy bespoke craftsmanship and premium finishes throughout the stately three-story home, which features a white-brick Georgian look outside, plus a total of eight bedrooms and no fewer than 16 bathrooms inside, including 12 full baths and four powder rooms.
Highlights include an extraordinarily long foyer with grey-and-white checkerboard stone floors, formal living and dining rooms with chevron-pattern hardwood floors, a walnut-paneled library with a black marble fireplace, and a huge kitchen dressed monochromatically in denim blue paint. Upstairs, the primary bedroom is ensconced in its own private wing, complete with dual showroom closets and dual marble-sheathed bathrooms. There’s also a basement-level entertainment space with a wet bar, a wine room and a full catering kitchen.
While the home’s grounds are actually somewhat compact compared to those of many neighboring estates, they do include grassy lawns, a motorcourt with ample space for 10+ cars, and tall hedges for privacy. Out back, the simple rectangular swimming pool and spa are flanked by a rectangular poolside pavilion generously equipped with a lounge, a guest bedroom suite, and yet another full kitchen.
While Zong, his wife, and the couple’s adult daughter Kelly appear to be new to Bel Air, they are very familiar with California. From 1997 until 2008, records show the family owned a spacious but relatively modest hacienda-style residence in the wealthy L.A. suburb of San Marino. As for the Hiltons, they continue to own and reside in a 1920s stone manor house elsewhere in Bel Air, complete with approximately 15,000 square feet of luxurious interior space.
Source: Luxury - robbreport.com