Lee Iacocca’s Bel Air Mansion Up For Sale
Auto industry icons don't get much bigger than the late Lee Iacocca, and those looking for a celebrity home to call their own might consider Lido's Bel Air mansion, recently listed for a cool $25.9 million. Best known as the father of the Ford Mustang in the 1960's, Iacocca spent 32 years at Ford, becoming the company president at the age of 46 before famously being fired by Henry Ford II in 1978. Iacocca landed on his feet and took over the reigns of the floundering Chrysler Corporation and literally became the face of the company in a decade-long advertising campaign. Iacocca convinced the fereral government to guarantee a $1.5 Billion loan, negotiated concessions from the unions, introduced a string of top-selling vehicles including the groundbreaking minivan, and engineered arguably the greatest business turnaround of all time. Iacocca retired to the Los Angeles area and passed away last year at the age of 94. Iacocca's Tuscan-style mansion includes 10,682 square feet with five bedrooms and eight baths on over an acre near the Bel Air Country Club. There are four ensuite guest rooms, a staff apartment, formal living and dining rooms, paneled library and five fireplaces.