Foreign Property News | Posted by Shwe Zin Win
This Los Angeles mansion, once hyped as the most expensive listing in America, has sold for a mighty 62 percent off.
That’s according to the Wall Street Journal, which reports that after several price reductions, the 12-bedroom spread has sold for $94 million — down significantly from its stratospheric $250 million asking price in 2017.
“It’s the best of the best,” developer Bruce Makowsky, who made a fortune selling affordable leather handbags on home-shopping network QVC, told The Post in the days leading to the home’s market debut.
Makowsky was not immediately available for comment on the sale. It’s not clear who the buyer is.
Standing at nearly 38,000 square feet, the home, at 924 Bel Air Road, was touted to have some $30 million worth of cars and motorcycles, and more than 125 art installations.
It has 21 bathrooms, five bars, three kitchens, two wine cellars, a bowling alley with four lanes and a helipad. Outside, there’s an 85-foot infinity pool, where a large movie screen rises up from behind. Makowsky purchased the site in 2013 for about $11 million from former football player and current talk show personality Michael Strahan.
Branden Williams and Rayni Williams of Hilton & Hyland, as well as Shawn Elliott of Nest Seekers International, repped Makowsky.
The buyer was represented by Ben Bacal of Revel Real Estate.
Ref: Property Report
