The Real Deal Los Angeles

Record-setting spec home developer snags Holmby Hills estate

Gala Asher sold a home in the same neighborhood for $100M last year
October 04, 2017 08:00AM

There could be another $100 million spec home headed to Holmby Hills.

Prominent Angeleno developer Gala Asher dropped just under $12 million for a home on Mapleton Drive in the Holmby Hills, the Los Angeles Times reported. The developer paid $4,000 over asking for the property, which he likely intends to redevelop.

The 6,000-square-foot house has five bedrooms, six-and-a-half bathrooms, a wet bar and office den. A rose garden, lawn, swimming pool and pool house surround the mid-century house.

Antony Arkel of Rodeo Realty had the listing. Ginger Glass of Coldwell Banker represented Asher.

The developer set a record last year when he sold a spec home on Carolwood Drive in the same Holmby Hills neighborhood for $100 million to Platinum Equity executive and Detroit Pistons owner Tom Gores. He originally purchased that home — which is tied with the Playboy Mansion as the most-expensive single-family home sale in the county — for $13.25 million. [LAT]Natalie Hoberman