$250M Bel Air spec house is America’s priciest listing

Los Angeles /
Jan.January 18, 2017 09:30 AM

Another year, another Los Angeles mega-listing.

A Bel Air spec home by developer Bruce Makowsky is slated to hit the market in the coming days with an asking price of $250 million, making it the country’s priciest listing. It will unseat the $200 million Spelling Mansion in Holmby Hills, which was listed last year by British heiress Petra Stunt.

The 38,000-square-foot Makowsky property, the product of 250 workers and four years of labor, has 12 bedrooms and 21 bathrooms across four stories. It comes with a $30 million car collection, 130 pieces of art, a helicopter, and two years of a full-time, seven-person staff. The home also has three kitchens, a bowling alley, a movie theater, an infinity pool with its own bar and a candy room.

Makowsky, a QVC handbag designer, told the Los Angeles Times that he was inspired to build the house by his passion for high-end yachts.

“Today, people are spending $300 million on a boat, and they use it about eight weeks a year,” he said. “Then they are living in a $30-million to $40-million home.”

Of the 3,000-some billionaires that exist in the world, half a dozen have already toured Makowsky’s project, according to the Times.

“You’re close to heaven, and you never want to leave,”Makowsky said.

A handful of headline-grabbing Los Angeles sales in 2016 may have spurred sellers to reach for the stars with their listing prices. Big ticket properties that sold in 2016 included the Owlwood Estates and the Playboy Mansion, which traded for $90 million and $100 million, respectively.

The record price for a U.S. home was set in 2014 by hedge fund manager Barry Rosenstein of Jana Partners when he bought a Hamptons estate for $147 million.

Meanwhile, a $500 million spec house is in the works nearby, courtesy of developer Nile Niami. The mammoth home, which broke ground in late 2015, is expected to span more than 100,000 square feet. [LAT] — Cathaleen Chen


Related Articles

arrow_forward_ios
Ty Cueva and the home (Credit: Douglas Elliman PR)

Ty Cueva is no longer asking nine figures for his Bel Air spec mansion. Just $78M

Ty Cueva is no longer asking nine figures for his Bel Air spec mansion. Just $78M
Kathy Griffin and the home (Credit: Douglas Elliman and Tibrina Hobson/Getty Images)

No laughing matter: Kathy Griffin wants $16M for Bel Air manse

No laughing matter: Kathy Griffin wants $16M for Bel Air manse
Mohamed Hadid and Mike Feuer, with the mansion (Credit: Rochelle Brodin/Getty Images, and Earl Gibson III/Getty Images)

Still standing: Demolition of Hadid mansion hits impasse

Still standing: Demolition of Hadid mansion hits impasse
Ardie Tavangarian and Elon Musk (Credit: Noam Galai and Saul Martinez, via Getty Images)

Developer Ardie Tavangarian buys four homes from Elon Musk

Developer Ardie Tavangarian buys four homes from Elon Musk
Elon Musk and the home (Credit: Pascal Le Segretain/Getty Images and Sotheby's via Money.com)

One down, six to go: Elon Musk sells Bel Air mansion for $29M

One down, six to go: Elon Musk sells Bel Air mansion for $29M
3 of the priciest homes to close last week (Credit: Google Maps)

LA luxury homes sales dipped last week

LA luxury homes sales dipped last week
Travis Kalanick (Credit: Justin Sullivan/Getty Images)

Travis Kalanick behind $43M Bel Air purchase

Travis Kalanick behind $43M Bel Air purchase
Elon Musk and the two homes (Credit: Google Maps and Jörg Carstensen/picture alliance via Getty Images)

Elon Musk lists Bel Air properties after tweeting: “Will own no house”

Elon Musk lists Bel Air properties after tweeting: “Will own no house”
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...