A Los Angeles mansion built in the 1930s and seen in the credits for the TV show The Beverly Hillbillies has been sold for about $150m, the highest home price ever in California.

The buyer of the Chartwell estate is Lachlan Murdoch, son of Rupert Murdoch and co-chairman of publishing company News Corp, the Los Angeles Times reported on Wednesday.

Once the residence of late media mogul A Jerrold Perenchio, the estate centers on a French neoclassical-style chateau of 25,000 sq ft (2,323 sqe meters) that sits on 10 acres (4 hectares) in the Bel Air neighborhood. Ronald Reagan and his wife, Nancy, once lived in a home on the property that sits behind the main estate.

Fans of The Beverly Hillbillies will recognize Chartwell as the home of the Clampett family from the credits of the popular sitcom that aired from 1962 to 1971. The home was not used in the actual filming of the series.

Designed by architect Sumner Spaulding, the limestone mansion includes a ballroom and a vaulted foyer, according to the newspaper. The custom wine vault can hold 12,000 bottles. There are 18 bedrooms and 24 bathrooms.

The estate carries an annual tax bill of $1.3m, one of the highest in the Los Angeles area.

The sale of Chartwell is just the latest for a high-end market that has seen a surge of huge deals in recent years, the Times said.

Since 2016, Los Angeles has had six sales of at least $100m or more. Of California’s seven sales of $100m or more, only one sits outside of LA County: the $117m deal for a massive compound in northern California’s Woodside community in 2013.