Due to the personal success of silver-spooned hotel heir turned real estate tycoon Rick Hilton, chairman and co-founder of the Platinum Triangle’s powerhouse brokerage Hilton & Hyland, the Hilton name is as synonymous, if not more, in the finer zip codes across Los Angeles with high-end real estate than it is for the international hotel chain that bears the family name.
While Hilton has negotiated for untold numbers of deep-pocketed buyers and sellers — he represented both buyer and seller in the landmark $85 million sale of the Spelling estate in Holmby Hills to Formula One racing heiress Petra Ecclestone, who has since sold the house for $120 million — he’s also developed some choice tracts of land around town, including the guard-gated Brentwood Country Estates enclave where some of the homeowners include Arnold Schwarzenegger and sitcom producer Kevin Bright.
His most recent project, a gleaming, brand-new spec-built mansion that merges classic architecture with modern-day styling and state-of-the-art technologies in a particularly plum pocket of L.A.’s ultra-tony Bel Air neighborhood, has just hit the market at $55 million.
Tax records show the property was purchased by a corporate concern linked to Hilton in July 2016 for $9,262,500, well below the $11.5 million asking price, from apparel mogul Treivush Menachem. The house that then stood on the not-quite-two-third-acre parcel, a five-bedroom traditional designed by architect Ray J. Keiffer, was soon offered as a rental, at $55,000 per month, while Hilton and his team laid the groundwork, worked on the design, secured the necessary permits, and, per tax records, took out a $26 million loan to finance the construction of a new residence.
The architecture firm Harrison Design was engaged to create the glamorous mansion, while the interior design is a collaboration, per marketing materials, between Nicole Gordon Studio and Hilton’s delightfully daffy and preposterously pampered yet surprisingly down-to-earth wife Kathy. (Mrs. Hilton, who has long maintained a relatively low public profile despite the global fame of her daughters, Paris and Nicky, is hands down the breakout star on the currently airing season of “The Real Housewives of Beverly Hills” and arguably, according to some aficionados of the series, the only reason to watch the show anymore.)
Now that the long-in-planning house is complete and completely furnished, Rick and Kathy’s first-born son, 31-year-old Barron Hilton II, and his wife, American-born German countess, Tessa Gräfin von Walderdorff Hilton, both agents at Hilton & Hyland, of course, have taken on the $55 million listing, keeping the whole shebang, including at least some of the sales commissions, in the family.
Bespoke craftsmanship and premium finishes can be found throughout the stately three-story home that contains a total of eight bedrooms — four family bedrooms, a two-bedroom guest wing, a staff suite, and a multi-room main suite — and a total of 16 bathrooms, at least four of them powder rooms.