The developers behind an elaborate, under-construction mansion in Bel Air are hoping to get more bang for their buck now that their property is near completion.
Ty Cueva of Westside Property Group, along with Dean Hallo of Hallo Construction, are relisting their 40,000-square-foot spec home for $100 million, a third more than the developers asked last year, the Wall Street Journal reported.
Located at 10697 Somma Way, the Spanish Villa-style home will include 21 bathrooms and eight bedrooms. There will also be a recording studio, bar, basketball court, full-service salon, movie theater and indoor saltwater swimming pool.
Outside, another Olympic-sized swimming pool completes the 1.3-acre lot.
The home — dubbed the “billionaire entertainer’s paradise” by Cueva — is scheduled to be completed in April. It briefly hit the market in March 2017 for $75 million.
Fredrik Eklund and John Gomes at Douglas Elliman are sharing the listing with others from their team.
At $100 million, the unfinished spec property ranks among the most expensive listings in Los Angeles. Last month, a Hollywood executive listed his property, named the Foothill Estate, for $125 million. The 18,500-square-foot property was built on three different lots, one of which was owned by legendary singer Frank Sinatra. [WSJ] – Natalie Hoberman