Jordanian billionaire lists Holmby Hills estate for $70M

Compound was originally built as a spec home by developer Nile Niami

TRD LOS ANGELES /
May.May 16, 2018 06:00 PM
Hasan Ismaik and his mansion (Credit: Wikipedia, MLS)

A Jordanian billionaire has listed his Holmby Hills estate along one of Los Angeles’ most exclusive streets for $70 million.

The 10-bedroom spread, dubbed il Magione, is the home of Hasan Ismaik, the former CEO of Arabtec, a Dubai-based real estate company. Ismaik bought the 31,450 square-foot residence in 2014 for $44 million, according to Yolanda’s Little Black Book, the real estate blog.

It was originally built in 2013 as a spec home by developer Nile Niami. The compound, which features a two-bedroom guest house, bowling alley, wine cellar, movie theater, private salon, and basement “operating room,” spans 31,450 square feet across 1.4 acres.

The three-level main house, which has an elevator, sits on South Mapleton Drive, nearly across the street from the former Playboy mansion. Ismaik’s neighbors include an array of global billionaires and the super-famous, including director Ridley Scott, Sean “Diddy” Combs, music producer Jimmy Iovine and Alexandra von Furstenberg.

Ismaik apparently did not alter the home much and even left the original furniture, which was designed by Fendi Casa, Yolanda reported, citing current listing photos.

Meanwhile, Niami is busy in nearby Bel Air working on a 100,000-square-foot hilltop estate he calls The One, which he expects to be available later this year.

He marketed the listing last year with a sexy Cleopatra-themed video that turned heads. [Yolanda] — Alexei Barrionuevo

Related Articles

arrow_forward_ios
Kunal Nayyar and the home (Credit: Getty Images and Comapss)

“Big Bang Theory” star Kunal Nayyar buys Hancock Park home

Nile Niami and his Bel Air spec home (Credit: Getty Images, Juwan Li and Marc Angeles)

Niami’s $65M spec mansion that shall remain nameless hits market

Four of the top residential listings in LA this week

Here are the priciest resi listings in LA County last week

Larry King and Shawn Southwick

Larry King is saying “so long” to Beverly Hills Flats mansion

Sheldon Adelson and his new property flanked by two of his other homes (Credit: Getty Images)

Sheldon Adelson is betting big on the Malibu housing market

Joel Silver and the dining room in the Brentwood home (Credit: Getty Images)

Producer Joel Silver lists Brentwood estate at blockbuster price

College athletes could soon be allowed to make money on endorsement deals in the state of California (Credit: Getty Images and iStock)

Playing the real estate game: College athlete bill could mint young millionaires and homebuyers

The home on Amalfi Drive, Paul George, and Deandre Jordan (Credit: Getty Images and Realtor)

Paul George dishes $16M for DeAndre Jordan’s former Palisades pad

arrow_forward_ios