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The Real Deal Los Angeles

A retail CEO is selling his enormous Beverly Hills ‘palace’ for $80 million

By Business Insider | August 15, 2017 10:30AM

(credit: Christopher Lee Foto)

A new mansion has just hit the market in Beverly Hills.

At $80 million, it’s one of the most expensive houses on the market in the U.S. With 28,000 square feet of space, it’s also one of the largest.

The property is being sold by retail CEO Albert Elkouby, a property developer who also owns an apparel company called JH Design. The house was previously listed two years ago for $72 million, but it failed to sell in its half-finished state.

Described as a “French Chateau” in the listing, Elkouby’s home has every luxurious amenity and excess imaginable.

Sam Real of Nest Seekers International has the listing.