Billionaire Anthony Pritzker, a prominent figure and heir to the Hyatt Hotels fortune, has put his stunning Los Angeles estate on the market for a staggering $195 million. This luxurious property, known as “The Angelo Estate,” is not just a home; it is a testament to architectural ambition and opulence, spanning an impressive 50,000 square feet and ranking as the third-largest mansion in Los Angeles.
The Architectural Marvel
Completed in 2012, The Angelo Estate was designed by the renowned architect Ed Tuttle, celebrated for his work that marries modern design with classic elegance. The mansion sits majestically on a 6-acre promontory, providing panoramic views that stretch from the bustling downtown Los Angeles to the serene Pacific Ocean. The careful planning and construction of the estate involved a multi-year effort, during which Pritzker acquired several parcels of land between 2001 and 2005, culminating in a total investment of $14.7 million.
The design of The Angelo Estate reflects Pritzker’s commitment to architectural excellence. It features an array of high-end materials, including imported Italian limestone and custom oak finishes, which contribute to the estate’s refined ambiance. Each detail has been meticulously crafted, showcasing a blend of luxury and functionality.
Interior Features
Inside, the mansion boasts a myriad of lavish amenities designed for both comfort and entertainment. Highlights include:
- Grand Living Spaces: Expansive living and dining areas provide an ideal setting for entertaining guests or enjoying family gatherings.
- Gourmet Kitchen: A chef’s dream, the kitchen is equipped with top-of-the-line appliances and generous space for culinary creativity.
- Luxurious Bedrooms: Multiple master suites offer private retreats, each with en-suite bathrooms and stunning views.
- Home Theater: A state-of-the-art cinema room ensures an immersive viewing experience for movie enthusiasts.
Outdoor Oasis
The estate’s outdoor spaces are equally impressive, featuring meticulously landscaped gardens, a resort-style swimming pool, and multiple terraces that extend the living space outdoors. The grounds are designed for relaxation and recreation, making it a perfect venue for hosting gatherings or simply enjoying the breathtaking surroundings.
Comparisons to Other Mega-Mansions
In the context of Los Angeles real estate, The Angelo Estate is noteworthy not just for its size but also for its place within the luxury market. It ranks third in size, following the infamous “The One” in Bel Air and “The Manor” in Holmby Hills. The competitive landscape of ultra-luxury real estate in Los Angeles makes this listing particularly intriguing, as buyers are constantly seeking unique properties that offer both grandeur and exclusivity.
Market Implications
Pritzker’s decision to list The Angelo Estate for $195 million reflects a growing trend in the luxury real estate market, where ultra-high-net-worth individuals are seeking investments in expansive and well-appointed properties. The sale of such a high-profile estate could signal market health in the luxury sector, even as economic uncertainties loom.
Experts believe that the listing price is justified given the estate’s size, design, and prime location. As demand for luxury properties continues to soar in Los Angeles, the sale of The Angelo Estate may attract attention from wealthy buyers looking for a unique residence that embodies both sophistication and lifestyle.
Conclusion
The listing of Anthony Pritzker’s The Angelo Estate marks a significant moment in the luxury real estate market of Los Angeles. This architectural gem, with its exquisite design, sprawling space, and breathtaking views, represents not only a potential home but a lifestyle of unparalleled luxury. As potential buyers eye this unique opportunity, The Angelo Estate stands as a beacon of opulence in one of the world’s most coveted cities.
With its remarkable features and storied history, The Angelo Estate is more than just a property; it is a symbol of architectural brilliance and a legacy of the Pritzker family’s influence on luxury living.
