The Real Deal Los Angeles

Melvin Simon’s widow sells massive Bel Air estate for $35M

Price was chopped from original $50M listing

June 20, 2016 01:00PM

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Simon Bel Air Estate

Melvin and Bren Simon and their Bel Air estate at 10664 Bellagio Road

The Bel Air estate of billionaire mall developer Melvin Simon has been sold for $34.9 million.

The acre-and-a-half property, next door to the Bel Air Country Club, is anchored by a 20,000-square-foot Italian-style mansion. It has nine bedrooms, the grandest of which measures 2,000 square feet alone.

The gigantic home features an underground 10-car garage, an outdoor swimming pool, a library, a gym and spa with its own salon, and multiple formal gardens.

The mammoth property was listed for $37.5 million by the mall magnate’s widow Bren Simon, the Wall Street Journal reported. But its original price tag was way higher: $50 million in 2010, after Simon died at 82. The undisclosed buyer, represented by Sotheby’s Joy Denton, is a local businessman. Coldwell Banker’s Jerry Jolton was the listing agent.

The Simons bought the manor in 2006 for $27.5 million. They bought the lot next door for $9 million the following year. They own numerous homes across the country, though in recent years, Bren Simon was been divesting, and has sold three adjoining properties in Hidden Valley. [WSJ]Cathaleen Chen