The biggest spec home in Los Angeles, located near the Hotel Bel Air, is now for sale for $75 million.
Listed and developed by Ty Cueva of Westside Property Group, the 40,000-square-foot modern Spanish villa contains a whopping 21 bathrooms and eight bedrooms. It has an indoor basketball court, recording studio, wine cellar with tasting room, full-service salon, spa with sauna, gym, movie theatre, service kitchen, and a security room next to its car gallery.
There are six bars throughout the home, and two pools — an outdoor infinity pool with waterfall and an indoor salt water lap pool. The estate has arched doorways both inside and out.
The home is the only available spec home with a basketball court and indoor pool, Cueva told The Real Deal.
“‘Billionaire entertainer’s paradise’ — that’s what we went for,” he said. What’s also notable, he added, is the Spanish modern style, as most specs tend to be contemporary in style.
The house at 10697 Somma Way sits on a 1.3-acre lot. Cueva built it in collaboration with Dean Hallo of Hallo Construction. The property last changed hands for $1.25 million in 2013, property records show.
Like any massive project in L.A., this one did not evade controversy. Residents on Somma Way protested the development when it was being built in 2014, lamenting the disruption that its excavation would bring.
When the L.A. Board of Building and Safety Commissioners approved the endeavor, the Bel Air Homeowners Alliance sued the agency, along with the Land Use Management Committee and the purveyors of the project, according to the Beverly Hills Courier. But the suit was soon settled when the builders worked out an arrangement, Cueva said.
A $100 million spec house hit the market last month in Trousdale Estates. Dubbed “Opus,” the 20,500-square-foot home was developed by Nile Niami. The steep price tag accounts for not only the seven-bedroom mansion but also $2 million worth of artwork, a gold Lamborghini Aventador, and a gold Rolls-Royce Dawn. And in January, developer Bruce Makowsky unveiled the most expensive listing currently in America: a 38,000-square-foot palace in Bel Air that asks $250 million.
Niami announced plans in 2015 for a 104,000-square-foot, $500 million spec home, but the development has not officially hit the market.