Updated on February 16, 2019, 1:30 p.m. ET
If you have $488,500 burning a hole in your pocket, could you live in this house?
Location, location, location, and it appears to be still true in 2018 when it comes to buying, selling and selling again.
The most expensive house on the market for sale at the moment has a $488,500 price tag, according to real estate site Zillow.
Like most homes for sale on Zillow, this one is in Bel Air, a wealthy neighborhood in Los Angeles. It’s located near both Bel Air Country Club and the exclusive Bel Air neighborhood. It’s on a corner lot just over two-thirds of an acre.
But the house is even more expensive to take care of than just buying and buying again. According to Zillow, it has double the homeowner’s insurance and more than doubles the estimated fair market value (FMV) for the property.
The building was designed by architect William Randolph Hearst and features nine bedrooms, 11 bathrooms, a downstairs rec room, a pool with a water slide and gardens that include sculptures of caterpillars, ducks and snails.
The current owner bought the house in 1997 for $45,000 and originally listed it for $499,000. It sold at a price tag of $11.4 million in 2017.
This is not the most expensive house going on the market for sale, but it is one of many located in the Bel Air and Beverly Hills area. As of February 15, a $12.5 million house is up for sale — that’s right, a $12.5 million house. It is listed by real estate agents Donna Aaronson of Pacific Union and David Saltz of Coldwell Banker.