Marion Davies

$600,000-a-month lease hits the market in Beverly Hills

$600,000-a-month lease hits the market in Beverly Hills

The current luxury real estate market is redefining “extravagant.”

First, a 8,930-square-foot house on nine acres in Northern California found a buyer for a state record-breaking $117 million. Then word came that financier Gary Winnick is quietly asking $225 million for his trophy home on an 8.4-acre knoll in Bel-Air.

Now, a Beverly Hills estate is being offered for lease at $600,000 a month, dwarfing the $150,000 a month asked for summer months at Malibu’s finest properties or the $100,000 a month paid by singing legend Michael Jackson for his last residence in Holmby Hills.  

In three decades of selling Westside real estate, it is the highest price for a lease...

EDITION: California | U.S. & World