Foreign Property News | Posted by Zarni Kyaw
The beyond-luxurious Bel-Air estate that once held the title of most expensive home for sale in America has slashed it’s price yet again.
First listed in January 2017 for $250 million, the famous “Billionaire” mansion has lowered it’s price by an additional $38 million, bringing the total price cut to $100 million.
Located at 924 Bel Air Road in Los Angeles, the 38,000-square-foot, four-level property boasts two master suites, 10 oversize ‘VIP’ guest suites and 21 bathrooms. Bonus spaces range from a 40-seat 4K Dolby Atmos Theater and a four-lane bowling alley to a massage studio/wellness spa and state-of-the-art fitness center.
Those looking to do some big-time entertaining will enjoy making use of the five bars, three gourmet kitchens and 17,000-square-foot entertainment deck.
Perhaps the most starling fact about this mega-mansion is that it was built on spec, meaning it was designed specifically to be sold, rather than for a client.
Developer Bruce Makowsky — who previously sold a record-breaking spec home in Beverly Hills for $70 million in early 2015 — spent a significant amount of time on multi-million-dollar mega-yachts as research for his projects and decided to channel the luxury he experienced on the high seas into his homes for the uber-wealthy.
“This home was curated for the ultimate billionaire who wants the best of everything that exists in life,” Makowsky states in a press release. “Until now, the ultra-luxury market was void of homes that even came close to matching the level of mega-yachts and private jets that billionaires spend millions of dollars on every year. There are hundreds of new billionaires created each year and they are increasingly setting their sights on this coveted enclave of California for everything the state has to offer.”
. "I’ve adjusted the price to what I believe is today’s market value for the home," he said.
Ref: Property Report
