The mansion where gangster Bugsy Siegel was assassinated is now on the market

“It’s a truly unprecedented market in a lot of ways,” Whitney Airgood-Obrycki, a senior research associate at the Harvard housing center, told Reuters.The Federal Reserve Bank of Atlanta officially named Georgia’s capital city “unaffordable” earlier in the year, but that was only the beginning of local market woes.In late November, mortgage rates closed in on 7% — a level reported has not been seen in 20 years. .According to, home prices are beginning to fall and are expected to drop far more still due to the rising mortgage rates.A modern Atlanta household needs to earn $116,890 a year before taxes to afford a median-priced home.

A life of bootlegging, racketeering and mob hits ultimately led Murder, Inc. founder Benjamin “Bugsy” Siegel to an unexpected place — Beverly Hills. There, among the historic community of Hollywood stars, stands the mansion most famous for Siegel’s 1947 murder. Now the California estate is on the market for $16,995,000.

Accused of stealing from the mob, Siegel was killed by a sniper as he sat reading the newspaper in his mistress’s Beverly Hills mansion. Today, the house is 7,000 square feet of pure luxury, offering seven bedrooms and seven bathrooms.

The Spanish Colonial-style house welcomes guests with a two-story entryway featuring hand-painted tiles, ornate iron work, archways and a rotunda with stained-glassed windows and a curved staircase.

The living room features hardwood floors and beamed ceilings. A fireplace connects the living room with the family room, which features a bar and hand-painted floor tiles. An office with beautiful arched windows is just around the corner.

Iron gates guard the formal dining room, which features a hand-carved coffered ceiling and overlooks the landscaped grounds. The chef’s kitchen has been updated with stainless steel appliances, custom countertops, a large center island and a breakfast room.

The second floor of the mansion includes a large primary suite equipped with a sitting area, updated bathroom and fireplace. There are four additional bedrooms on the floor, as well as a third floor loft equipped with a balcony.

Separately, a guest house on the property features a bathroom and three-car garage. The landscaped yard just beyond the home has a pool and a large alfresco dining area.

Listing by Myra Nourmand and Nourmand & Associates