Developers relist unfinished Bel Air spec manse at $100M

The property will feature two Olympic-sized swimming pools

Nov.November 07, 2018 11:15 AM
Developer Ty Cueva with rendering of mansion (Credit: Moso Studio)

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

Related Article

The five priciest listings in L.A. County last week

Here are the 5 priciest residential listings in LA County last week

Home at Stratford Circle with Hungarian couple Ildiko Szekeres and Gyorgy Nagy (Credit: Getty Images)

Olympic curlers score Bel Air Crest mansion that lingered on the market for 4 years

From left: Jerry Perenchio, architect William Hefner and renderings of the property (Credit: Getty Images, Redfin)

Slice of land from Jerry Perenchio portfolio hits market for $15M; mansion plans included

Mohamed hadid and the home (Credit: Getty Images)

Here’s the latest installment of the Mohamed Hadid saga

The 25,000-square-foot home in Bel Air and Ardie Tavangarian (Credit: Hilton & Hyland and Getty Images)

Prolific spec home builder Ardie Tavangarian sells Bel Air mansion for $75M

Domvs London co-founder Barry Watts and 800 Tortuoso Way (Credit: Linkedin, Dougas Elliman)

Developer lists a third of Park Bel Air for reduced price of $45M

Jerry Perenchio and the Chartwell Estate

Jerry Perenchio’s Bel Air estate gets $50M price chop, its second cut since 2017

Clockwise from top left: 281 Bentley Circle, 12710 Marlboro Street, 15000 Altata Drive, 306 Georgina Avenue and 1171 North Doheny Drive

Here are LA County’s top 5 residential investment sales of May