SoCal mansion sells for $31 million under asking price


A Spanish-style, 51,000-square-foot mansion in Rolling Hills, California, has been sold for $22.4 million, five years after its owner was unable to sell it at the listing price of $53 million.

The ocean-view home, known as Hacienda de la Paz, sits on 7.5 acres at the crest of Palos Verdes Peninsula and features nine bedrooms and 25 bathrooms.It is the 36th largest home ever built in the United States and the second largest home ever built in Los Angeles, according to listing agents.

The seller,…

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