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Hot Property: Highest-priced California home sale so far this year clocks in at $31.5 million

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The high-water mark for California home sales so far in 2009 was set Tuesday with the sale of a Beverly Hills mansion for $31.5 million.

The 27,000-square-foot French Normandy on two acres has 10 bedrooms, 14 bathrooms and seven fireplaces. The newly built home had been on the market for 255 days, according to the Multiple Listing Service, and had originally been listed at $45 million.

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What does one get for that price? Three stories, Richard Landry design, a glass-floored library over a 2,500-bottle wine cellar and a grand ballroom, for starters.

-- Lauren Beale

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