See inside the $26 million Bel Air estate where legendary Ford and Chrysler exec Lee Iacocca lived
Lee Iacocca's Bel Air estate has been listed at almost $26 million, six times more than he originally purchased the property for.
Iacocca was a former executive of both Ford and Chrysler and is credited with saving Chrysler from bankruptcy.
During its heyday, the 10,682 square feet home was visited by the likes of Betty White and Frank Sinatra.
Iacocca died aged 94 in July 2019.
Late Lee Iacocca's Bel Air estate has been listed at almost $26 million, six times more expensive than he originally purchased the property for.
Iacocca — an automotive industry titan — was formerly an executive at both Ford and Chrysler. He has also been credited with saving Chrysler from bankruptcy in the 1980s after petitioning the US government for assistance, which led then-President Jimmy Carter to sign the Chrysler Corp. Loan Guarantee Act of 1979.
The auto tycoon is also credited with introducing the iconic Ford Mustang onto the market.
Iacocca died on July 2, 2019 at the age of 94, and the property is now being sold by his daughter Lia Iacocca Assad, the Wall Street Journal reported.
Keep scrolling to see the 10,682 square feet home listed by Hilton and Hyland that has been visited by the likes of Betty White and Frank Sinatra:
The home has officially been listed for $25,999,000.
Hilton and HylandHilton and Hyland claims Bel Air is considered one of the most prestigious communities in Los Angeles.
Hilton and HylandIt's a part of the "Platinum Triangle" that includes Beverly Hills and Holmby Hills.
Hilton and HylandThe neighborhood's current residents include Elon Musk and Jay-Z and Beyonce, according to the Los Angeles Times.
Source: Los Angeles Time
Prior icons who also called Bel Air home include the likes of Judy Garland, Elizabeth Taylor, and Alfred Hitchcock.
Hilton and HylandLia Iacocca Assad told the Wall Street Journal that her father often hosted social events on the estate.
Source: Wall Street Journal
Guests who have been to the property include Frank Sinatra, Priscilla Presley, Betty White, and Bob and Dolores Hope.
Hilton and HylandIacocca first purchased the home in 1993 for $4.25 million...
Hilton and Hyland...which is six times less than its current listing price.
Hilton and HylandIacocca purchased the property after stepping down from his position as CEO and chairman of Chrysler, according to Hilton and Hyland.
Hilton and HylandThis home is 10,682 square feet.
Hilton and HylandIt's build in an Italianate — or Tuscan — style.
Hilton and HylandIt was the most popular home architecture style in the US between 1840 to 1885.
Source: ThoughtCo
The home sits near the Bel-Air Country Club and Hotel Bel-Air.
Hilton and HylandIt has five bedrooms…
Hilton and Hyland...and eight bathrooms.
Hilton and HylandThe fifth bedroom is in a staff apartment.
Hilton and HylandThe staff apartment also has a bathroom and a dining room.
Hilton and HylandThere is also a tennis court on the property…
Hilton and Hyland...which sits on the acre manicured of land.
Hilton and HylandThe backyard also has a pool.
Hilton and HylandThere is a library adorned with wooden walls and a coffered ceiling.
Hilton and HylandThe formal dining room has a large chandelier and leads into the backyard.
Hilton and HylandThere are five fireplaces throughout the estate.
Hilton and HylandDavid Kramer, one of two listing agents, told the Wall Street Journal that the home is in "good condition."
Read the original article on Business Insider
