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    A Whopper of a Sale

    Former Houstonian's megamansion breaks real estate record sales at $102 million — in cash

    Barbara Kuntz
    Barbara Kuntz
    Apr 1, 2014 | 1:51 pm

    The Beverly Hills-area megamansion known as Fleur de Lys owned by former Houston socialite Suzanne Saperstein just sold for $102 million. In cash.

    Believe it or not, that's less than the last listing price of $125 million for the property, but still seals the deal as the most expensive single family home purchase in affluent Los Angeles County, home to Hollywood movie stars and tycoons.

    Now falling behind at No. 2 is the $94 million financier Gary Winnick reportedly paid for businessman David Murdock's Bel Air estate 2002 and, at No. 3, the relatively-paltry $85 million British Formula 1 racing heiress Petra Ecclestone paid Candy Spelling for The Manor in 2011.

    Fleur de Lys is the Sapersteins' inspiration from Louis XIV’s Palace of Versailles and is decorated in similar opulence — and with many of the antiques part of the sale.

    Three billionaires are believed to have been in on the final bidding war for Fleur de Lys, with the winner rumored to be either "a highly secretive" Frenchman or former junk bonder trader Michael Milken.

    Saperstein and her former husband, David Saperstein, custom built the 50,000-square-foot mansion in 2002. He made his climb to billionaire status after selling his Houston-based Metro Networks broadcast outsourcing company to Westwood One for $1.25 billion 1999.

    Suzanne, a Swedish bombshell whose penchant for haute couture fashion, along with her highly publicized divorce, made her a household name, albeit only in the swankiest of houses from coast to coast, is fondly remembered by some longtime Houstonians for the lavish parties she hosted at her River Oaks mansion before moving to California. Today, she is focusing her high-level energy on ballroom dancing and fashion design. She recently made a personal appearance at Tootsies with a trunk show of her Essera line.

    Fleur de Lys is the Sapersteins' inspiration from Louis XIV’s Palace of Versailles and is decorated in similar opulence — and with many of the antiques part of the sale. Sitting on 4.18 acres in California's prime residential area, the manse includes a formal ballroom that accommodates 200 guests, library with a collection of first-edition books, 50-person screening room, 12 bedrooms and 15 baths. Saperstein has entertained such notable guests as Britain's Prince Andrew and former first lady Laura Bush in the posh formal dining room.

    Formal gardens and manicured grounds surround the property that includes a huge lawn, tennis courts, jogging track and a swanky swimming pool complex with spa and fitness facilities. And there's the nine-car garage.

    In the video below, you'll see more images of the exterior and interoir of Fleur dy Lys as filmed by HGTV in 2009.

    Suzanne Saperstein at a fashion event showcasing her clothes at Tootsies in December of last year.

    Suzanne Saperstein fashion December 2013 designer
    Photo by Shelby Hodge
    Suzanne Saperstein at a fashion event showcasing her clothes at Tootsies in December of last year.
    unspecified
    news/real-estate

    hottest headlines of 2025

    Here are the 10 hottest Houston real estate headlines of 2025

    Amber Heckler
    Dec 29, 2025 | 11:30 am
    Rendering of Texas Heritage Marketplace
    Photo courtesy of NewQuest
    The new Texas Heritage Marketplace will be located along Interstate 10 and the newly completed Texas Heritage Parkway in Katy.

    Editor's note: The top real estate stories of 2025 were heavy on buzzy suburbs. Fulshear earned special recognition for its jaw-dropping population growth over the last five and 10 years, while Sugar Land entered the spotlight for its livability and its surprisingly high rental rates. A Houston billionaire was revealed to be one of the top 100 landowners in the country, and a local restaurant duo put their illustrious farm on the market. Read on for the top 10 real estate stories of 2025.

    1. Totally sweet Houston suburb triumphs as No. 3 best place to live in U.S. Relocation marketing platform Livability.com named Sugar Land the third-best place to live in America thanks to its appealing size and affordability. The list was restricted to small and mid-size cities with populations between 75,000-500,000 residents.

    2. Surprise Houston neighbor was No. 1 fastest-growing U.S. city in the last decade. Fulshear's population growth surged over 1,000 percent from 2014-2023, the report found, and the U.S Census estimates the city now boasts a population of more than 42,600 residents. More on Fulshear's booming population later.

    3. Houston oil-and-gas billionaire ranks among America's top 100 landowners. The Land Report revealed that approximately one-quarter of the country's mega-owners of private land have ties to Texas.

    4. 2 Houston suburbs rank among fastest-growing affordable cities in U.S. SmartAsset analyzed 50 U.S. cities to find the most affordable places with large population growth. League City and Pearland ranked No. 7 and No. 11, respectively.

    5. Cozy Houston neighborhood ranked No. 1 best place to live in Texas. Master-planned community Cinco Ranch was given an"A-plus" rating for its family-friendliness, public schools, diversity, and other factors. The area is able to maintain a close-knit community while having a sprawling population of more than 19,000 residents.

    6. Houston developer breaks ground on $400 million, 165 acre Katy project. Houston-based commercial real estate firm NewQuest commenced work on a $400 million, 165-acre, mixed-use shopping center in Waller County at the end of January. The project, called The Texas Heritage Marketplace, will include 750,000 square feet of retail and restaurants, along with 550 apartments in two communities.

    7. This wealthy Houston neighbor is the fastest-growing suburb in America. In a narrowed-down analysis of the top American suburbs that have had the highest population increases from 2018-2023, Fulshear once again came out on top.

    8. 2 Houston-area ZIP codes top 2024 list of hottest U.S. housing markets. Real estate marketplace Opendoor crowned Katy's 77493 ZIP code as the No. 1 hottest U.S. housing market in 2024, while Cypress' 77433 ZIP secured the No. 2 spot. Affordability was cited as the primary factor that drew newcomers to these suburbs.

    9. Houston restaurateurs' 353-acre farm hits the market for $29 million. The sprawling Goodthyme Ranch, owned by Goodnight Hospitality partners Bailey and Pete McCarthy, went on the market in early September. The farm is situated about an hour from downtown Houston in Bellville, and offers a 5,220-square-foot, five-bedroom main house and a 4,560-square-foot, five-bedroom guest house, as well as extensive agricultural and recreational amenities.

    10. This Houston suburb had the highest apartment rent prices in June. Zumper's monthly rental report found Sugar Land apartment prices were more expensive than any other Houston-area city over the summer. Despite having the most expensive rent in the metro in June, the asking rent for a single-bedroom apartment in Sugar Land was technically lower than it was in June 2024.

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