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Global Crossing Limited
How much could Gary Winnick's Bel-Air trophy home command?
How much could Gary Winnick's Bel-Air trophy home command?

Word is out that financier Gary Winnick is quietly floating his estate in Bel-Air for sale at $225 million. Although anyone can ask any amount for a property, the 8.4-acre trophy property is for sale at the right price, said a person familiar with Winnick’s real estate dealings. Winnick, the founder and chief executive of the investment firm Pacific Capital Group, had no comment. Winnick, who founded and later sold Global Crossing, bought the Bellagio Road mansion in 2000 from Dole Food Co. owner David Murdock. The $94-million deal, which involved the telecom mogul ponying up a parcel of land, stood as the highest-priced home sale in California for years. Casa Encantada was named...

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