The Bel Air home of Lee Iacocca, former Ford and Chrysler automotive executive, has hit the market for $26 million, the Wall Street Journal reports.

In July, Iacocca passed away at the age of 94 from complications with Parkinson’s disease, and now his daughters, Lia Iacocca Assad and Kathryn Hentz Iacocca, are selling the Los Angeles estate with listing agents Rick Hilton and David Kramer of Hilton & Hyland.

The approximately 11,000-square-foot Tuscan-style property includes four bedrooms, a staff apartment, a wood-paneled library, a large dining room with french doors and a master suite with a living room and twin bathrooms, as well as more than an acre of land and a tennis court.

Kramer noted to the Journal that the estate is “remarkably current in style and is in good condition.”

The home is located on Chalon Road, neighboring the Bel Aire Country Club and the University of California Los Angeles. On the David Kramer Group’s website, the Iacocca estate’s property description emphasizes that “The Italianate-style home’s high ceilings, meticulous craftsmanship and sweeping rooms on the main floor make entertaining guests easy.”

It is no surprise then, that Assad noted in the Journal report how her father delighted in using his home to entertain his friends, including Frank Sinatra, Bob and Dolores Hope, and Marvin and Barbara Davis.

Iacocca originally purchased the home in 1993 for $4.25 million. David Kramer Group’s property description details that this is a trust sale, no court confirmation required.

Iacocca, who grew up in Allentown, Pennsylvania, was the son of an Italian immigrant hot dog vendor. After working his way up the ranks at Ford over a 32-year career (while helping develop sports cars like the Mustang), he brought his talents to the then-struggling Chrysler Corporation and gave the automobile manufacturer new life.

Email Lillian Dickerson

Are you ready for what the industry holds in 2020? Inman Connect New York is your key to unlocking opportunity in a changing market. At Connect you will gain insight into the future, discover new strategies and network with real estate’s best and brightest to accelerate your business. Create your 2020 success story at Inman Connect New York, January 28-31, 2020.

Agenda | Speakers | Past Connect Videos

Thinking of bringing your team? There are special onsite perks and discounts when you buy tickets together. Contact us to find out more.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Success!
Thank you for subscribing to Morning Headlines.
Back to top
×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription