Iconic Western White House Sells for $23 Million After Over a Year on the Market ,UYI,OOI,WWE

January 2, 2025 - by cheaunratana - 428 Comments.

The iconic Western White House, a meticulously crafted replica of the U.S. presidential residence located in Hillsborough, California, has finally sold for $23 million. Initially listed in June 2023 for $38.9 million, the estate’s sale represents a significant chapter in the story of one of California’s most unique properties. According to Alex Buljan, co-listing agent from Compass, this remarkable sale comes just in time for the upcoming presidential election season, adding a layer of historic relevance to the transaction.

This opulent mansion stands as a veritable icon in Lower South Hillsborough, meticulously crafted as a homage to the White House by the esteemed architect Julia Morgan.

Transaction History and Market Adjustments

The journey of the Western White House on the market was anything but straightforward. Initially priced at $38.9 million in mid-2023, the property faced a challenging luxury market, prompting several strategic price adjustments over the next year. On October 24, 2023, the price was reduced significantly to $29.9 million, marking a 22.9% reduction. However, even at this price, the property lingered without finding a buyer.

Further price changes followed in early 2024. On April 22, the price was adjusted to $29.9 million, and despite entering a contingent contract in March, it returned to the market shortly after. By late June, the price dropped further to $26.9 million—a 26.8% reduction. Eventually, after multiple price shifts and re-evaluations, the estate was sold for $23 million in October 2024. This final price point equated to $945 per square foot, roughly 14.8% below the most recent list price.

Spanning over 24,000 square feet across four levels, it has been thoughtfully rejuvenated with the finest fixtures and state-of-the-art appliances.

The Sellers: Mehrdad and Neda Elie

The property was owned by real estate investor Mehrdad Elie and his wife, Neda Elie, who purchased it for $15 million in 2022. The couple invested approximately $6 million into renovations, enhancing the property’s grandeur while preserving its historical charm. Additions included a state-of-the-art wine cellar, staff quarters, and a swimming pool, among other luxury amenities. Despite their efforts, the Elies ultimately decided that the residence was too large for their needs and chose not to move in.

Their journey with the property was marked by deliberations, including the consideration of auctioning it earlier in 2024. However, as noted by Alex Buljan, the Elies had a change of heart and kept the property on the market. This decision proved successful as the mansion eventually found a buyer. “They waited for the right moment, and it paid off,” Buljan commented, highlighting the Elies’ patience and strategic approach to the sale.

A Legacy Property with Rich History

The Western White House is more than just an opulent residence; it is a piece of American architectural history. Originally constructed as a Swiss chalet in the 1870s, it was transformed into a replica of the White House during the 1930s by George R. Hearst, the son of media magnate William Randolph Hearst. George commissioned the famous architect Julia Morgan to design the transformation, incorporating iconic features such as Palladian windows, a replica of the Rose Garden, and spaces modeled after the Oval Office and East Room. These additions imbued the estate with the elegance and grandeur associated with the actual White House.

Spanning over 24,400 square feet and nestled on approximately three acres of landscaped grounds, the mansion boasts 11 bedrooms and 14 bathrooms. Its Neoclassical Georgian architecture, complete with majestic columns and a meticulously designed driveway, exudes the grandeur reminiscent of America’s presidential residence. Inside, an abundance of natural light floods the rooms, enhanced by the estate’s high ceilings and expansive windows.

Luxurious Features and Modern Comforts

The Western White House’s interior has been carefully updated to combine timeless elegance with modern conveniences. The home’s living spaces feature intricate crown molding, dazzling chandeliers, and sophisticated wood floors. The primary suite is a sanctuary of luxury, complete with a regal fireplace, sitting area, and an opulent en-suite bathroom with dual sinks, a soaking tub, and a separate shower. For those seeking productivity and style, the office boasts two-toned wood paneling and an imposing desk.

With its Neoclassical Georgian architecture, the home greets you with majestic columns and an impeccably laid driveway, the facade exuding grandeur.

Additional amenities include a pool, a state-of-the-art wine cellar, and staff quarters. The exterior spaces are equally impressive, with lush gardens, outdoor patios, and manicured lawns that invite grand-scale entertaining or peaceful relaxation.