Bel Air Homeowner Seeks Buyer for $88 Million Mansion

A contemporary megamansion in Bel Air with historical ties to the fashion industry has hit the market for nearly $90 million.

The more than 18,000-square-foot home at 11005 Bellagio Place is listed for $88 million, Mansion Global reported. The estate was developed by Michael Chen’s Luxford Group, which purchased the vacant site in 2015 for $14.5 million and completed the home in 2023. Chen and Aaron Kirman, both agents with Christie’s International Real Estate Southern California, hold the listing, which is also a co-exclusive with Jason Oppenheim of The Oppenheim Group. Based on property records, the home hasn’t traded hands since being completed.

The SAOTA-designed manse has primarily been used as a vacation home, Chen told Mansion Global. At times, it has served as the backdrop for events and other promotions including a Louis Vuitton design exhibit titled “Crafting Los Angeles” that showcases the brand’s signature trunks alongside a curated collection of furniture, design objects and other luxury home decor.

The property spans 1.7 acres and boasts multiple indoor and outdoor kitchens, a roughly 1,000-bottle wine cellar, a Dolby Atmos cinema with a 16-foot screen, a lounge surrounding a 50-foot waterfall, a 2,500-square-foot rooftop deck with sweeping city-to-ocean views, a wellness pavilion with a massage room and dry sauna and an infinity-edge pool with a swim-up bar. The home also features a permanent collection of artwork in a “dedicated exhibition-style art gallery designed to be illuminated entirely by natural light while avoiding direct sunlight exposure on the artwork” that “creat[es] museum-quality display conditions,” Chen said.

The Bellagio Place mansion is Luxford’s latest project to hit the market. The luxury spec home builder previously developed a mansion in Beverly Hills, also designed by SAOTA, that came up for sale in 2021 for $65 million and sold the following year for $42 million.

“There are more billionaires purchasing premier development sites and are willing to pay a premium to acquire that special lot to build their forever home,” Chen said, adding that for these buyers, “the cost of developing these homes is often secondary to creating something truly personal, timeless and legendary.”

The list price is at the higher end of the current Bel Air market. A spec manse known as La Fin is on the market for just shy of $100 million, while the former home of Elon Musk came up for sale earlier this month for $50 million.

— Chris Malone Méndez