What is Bruce Makowsky’s $250M LA spec home really worth?

From the Los Angeles website: America’s priciest listing — developer Bruce Makowsky’s $250 million Bel Air spec home — is a flamboyant display of luxe living. It is surrounded by a moat-like canal and features an elevator lined in crocodile skin, Hermès plate settings and a Louis Vuitton-designed bowling alley. It comes with a $30 million car collection and comes both fully furnished and fully staffed for the first two years. [more]