Lee Iacocca’s Bel Air Mansion Hits the Market for $26 Million
The father of the Ford Mustang, who passed away last year, purchased the Italianate-style manse in 1993 for just $4.25 million
Automotive titan Lee Iacocca changed history while at the helm of some of the country’s biggest car companies, saving Chrysler from bankruptcy and introducing the Ford Mustang to the world. During his five-decade career, he also grew to become something of a real estate baron, with a portfolio of high-end properties in Michigan, Colorado, Italy, and Southern California. In the wake of Iacocca’s death last year from Parkinson’s disease, his daughter has put the stunning Los Angeles villa where he spent his twilight years on the market for $26 million.
Iacocca purchased the 10,700-square-foot residence in 1993—the year that he retired as chairman of Chrysler—for just $4.25 million. Located near the ritzy Bel-Air Country Club on just over an acre of land, the inviting property has five bedrooms, including a palatial master suite equipped with his-and-her baths that both feature their own fireplaces. Neutral hues dominate the Tuscan-style interiors, which are graced with vaulted ceilings, archways, and tiled floors.
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The manicured grounds, meanwhile, feature a guesthouse, a hedge-enclosed tennis court, and a pool area equipped with a pergola. The meandering tree-lined driveway and abundant space for parking allowed Iacocca to host many large-scale gatherings filled with such celebrity guests as Bob Hope, Frank Sinatra, Priscilla Presley, and Betty White.
Take a tour of the stunning estate below.
10614 Chalon Road, Los Angeles, is listed with Rick Hilton and David Kramer of Hilton & Hyland.