Lee Iacocca’s longtime Bel-Air property sells for $27.7 million

The longtime house of Lee Iacocca, the late vehicle visionary who developed the Ford Mustang and saved the Chrysler Corp. from chapter, simply traded fingers in Bel-Air for $27.7 million.

Iacocca lived within the house for almost three many years, entertaining visitors equivalent to Frank Sinatra and Ronald Reagan, earlier than he died in 2019. His daughter offered the property a 12 months later for $19.5 million to Lilly Ghalichi, a actuality TV star who appeared within the Bravo present “Shahs of Sundown.”

The sale marks a fast and profitable flip for Ghalichi. She and her husband, Dara Mir, renovated the interiors throughout their two-year keep earlier than itemizing it for $32 million in April and touchdown a proposal lower than a month later.

Italianate in model, the mansion is hidden behind gates on the finish of a protracted, tree-lined driveway close to Lodge Bel-Air. 4 columns body the entry, which results in a grand lobby with double-height ceilings.

The ten,700-square-foot ground plan additionally holds six bedrooms, seven loos and a handful of formal areas equivalent to a wood-paneled den and temperature-controlled wine room. Second-story balconies overlook the landscaped grounds full with a swimming pool and tennis courtroom on over an acre.

Tyrone McKillen and Andrew Hurley of Compass held the itemizing. Ginger Glass and Christopher Cortazzo, additionally with Compass, represented the client.