Seller Stands Ground on $125 Million Mansion

The Fleur de Lys in Beverly Hills, the most expensive home for sale in the U.S., has remained listed at $125 million since it first went on the market in April 2007. Its owner won't budge on the price, bucking the nationwide trend of discounting top-of-scale housing.

Home and condo sales throughout the Platinum Triangle of Beverly Hills, Bel Air and Holmby Hills have been suffering price cuts. The real estate listing search engine Trulia.com lists 112 Beverly Hills properties as having had price reductions since the first of the year. Though many are in the 4% to 8% range, some have experienced more substantial losses. A condo unit on North Palm Drive, for example, now lists at $1,995,000, a decline of 48%, which took effect June 27.

The Fleur de Lys mansion in Beverly Hills is modeled after Louis XIV's Vaux le Vicomte palace.

...