Hearst Estate in Beverly Hills Marked Down: Is It a Bargain at $95M?


Wanted: A billionaire with a healthy respect for history and a need for a lot of bedrooms.

The legendary Beverly Hills home once owned by William Randolph Hearst and Marion Davies has been put on the market by its owner ( a bankrupt lawyer-real estate investor) for $95 million -- down from its 2007 listing price of $165 million.

Why the dramatic price drop? Market realities, which may spill over to the two other area mega-mansions -- Candy Spelling's home listed at $150 million and Fleur de Lys listed at $125 million.

Is this home a bargain or just another over-the-top listing that will sit in the MLS growing cobwebs?