$250M LA area spec house is America’s priciest listing

Home was designed and built by handbag mogul Bruce Makowsky

TRD MIAMI /
Jan.January 18, 2017 03:00 PM

The spec house in Bel Air and Bruce Makowsky (Credit: Makowsky via LA Times, Getty)

From the Los Angeles website: Another year, another Los Angeles mega-listing.

A Bel Air spec home by developer Bruce Makowsky is slated to hit the market in the coming days with an asking price of $250 million, making it the country’s priciest listing. It will unseat the $200 million Spelling Mansion in Holmby Hills, which was listed last year by British heiress Petra Stunt.

The 38,000-square-foot Makowsky property, the product of 250 workers and four years of labor, has 12 bedrooms and 21 bathrooms across four stories. It comes with a $30 million car collection, 130 pieces of art, a helicopter, and two years of a full-time, seven-person staff. The home also has three kitchens, a bowling alley, a movie theater, an infinity pool with its own bar and a candy room.

Makowsky, a QVC handbag designer, told the Los Angeles Times that he was inspired to build the house by his passion for high-end yachts.

“Today, people are spending $300 million on a boat, and they use it about eight weeks a year,” he said. “Then they are living in a $30-million to $40-million home.”

Of the 3,000-some billionaires that exist in the world, half a dozen have already toured Makowsky’s project, according to the Times.

“You’re close to heaven, and you never want to leave,”Makowsky said.

A handful of headline-grabbing Los Angeles sales in 2016 may have spurred sellers to reach for the stars with their listing prices. Big ticket properties that sold in 2016 included the Owlwood Estates and the Playboy Mansion, which traded for $90 million and $100 million, respectively.

The record price for a U.S. home was set in 2014 by hedge fund manager Barry Rosenstein of Jana Partners when he bought a Hamptons estate for $147 million. [LAT] — Cathaleen Chen


Related Articles

arrow_forward_ios
802 West Dilido Drive with agents Dina Goldentayer and Miltiadis Kastanis (Credit: Douglas Elliman)

Developer gets $15.6M for Venetian Islands spec home

Daily Digest Miami

1111 Lincoln inks retail lease with Yoyoso, Miami-Dade and Related Urban reveal massive affordable housing plan

Todd Glaser, Rony Seikaly and a rendering of spec home at 1635 W 22nd Street (Credit: Mary Beth Koeth, Getty Images)

Todd Glaser, Rony Seikaly close on Miami Beach spec mansion

Julian Johnston, Julian Cohen and the property

Spec home developer Felix Cohen buys two vacant lots on North Bay Road for $14M

5712 North Bay Road and Rodney O’Neal (Credit: Realtor and Getty Images)

Spec home builders sell North Bay Road mansion for $16M

2506 Barcelona Drive, Michelle Esposito of Douglas Elliman, Tim Elmes of Coldwell Banker

Troubled timeshare exit firm’s execs sell Fort Lauderdale spec home

Spec mansion at 6360 North Bay Road with Jill Hertzberg and Nelson Gonzalez

Miami Beach manse and lot sell for record $35M

4510 Prairie Avenue, Julian Johnston and Mathieu Massa

Spec home builder Mathieu Massa sells Miami Beach home

arrow_forward_ios