FIT FOR A KING

America’s most expensive home that’s modelled on a palace is slashed by £80m…but it will still set you back £200m

The sprawling Bel-Air estate, which boasts a ballroom, a 12,000 bottle wine cellar and underground elevators and tunnels, is the former home of media magnate Jerry Perenchio

AMERICA'S most expensive property - which was used as the setting of the TV show The Beverly Hillbillies - is back on the market for £190 MILLION after having almost a third of its original asking price slashed.

The palatial Bel-Air estate, which boasts a ballroom, a 12,000 bottle wine cellar and underground elevators and tunnels, is the former home of media magnate Jerry Perenchio.

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The 25,000 square foot mansion is up for sale for a whooping £190 millionCredit: Coldwell Banker Global Luxury/Hilton & Hyland/ Berkshire Hathaway Home Services

It had previously been put up for sale as an exclusive "pocket listing" not advertised publicly for £275million, but has now been offered on the public market with the huge price reduction.

Known as Chartwell Estate and designed to mimic an 18th Century French chateau, it features huge gardens, a 75-foot swimming pool, a tennis court and an underground carpark that can fit 40 vehicles.

It sits behind high walls and enclosed by trees to give its wealthy inhabitants privacy, with access only via a guarded gate.

The property was the home of the Clampett family in the popular TV series The Beverly Hillbillies, which ran from 1962 to 1971 and could be seen in the show's opening credits.

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, the property was built in the 1930s for a property developer who gifted it to his wife. But she hated its opulence, and refused to move in.

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It then sat empty to the 1940s when it was bought by hotelier Arnold Kirkeby who later sold it to Perenchio.

Perenchio, a former talent manager and later chairman of Univision, spent the next 30 years renovating it and bringing it up to its current state.

It was previously owned by billionaire media mogul Jerry PerenchioCredit: Getty - Contributor

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He left it behind after his death in May at the age of 86.

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There are actually five separate properties on the entire estate - on of which was the longtime resident of Ronald and Nancy Reagan.

Here is it pictured on the popular TV show The Beverly Hillibillies
It was used on the TV show as the setting for the family home
It featured on the TV show's opening creditsCredit: Getty - Contributor
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