- A Los Angeles mega-mansion once listed for $250 million finally sold in October for $94 million— a 62% discount.
- When it first hit the market in January 2017, the Bel Air home was the most expensive listing in the US.
- Nicknamed "Billionaire," the extravagant property includes a helipad, five bars, a bowling alley, a 40-seat movie theater, an 85-foot infinity pool, and a massive candy wall.
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A Los Angeles megamansion that was once the most expensive listing in the US finally sold in October 2019 after three years on the market — at a whopping 62% discount.
Originally listed for $250 million in 2017, the expansive property sold to an unknown buyer for $94 million, Katherine Clarke reported for The Wall Street Journal.
"Billionaire" includes 38,000 square feet of indoor living space and 17,000 square feet of outdoor entertainment decks. It has two master suites, 10 VIP guest suites, and 21 bathrooms. Other over-the-top amenities include a non-functional rooftop helipad, an 85-foot infinity pool, a 40-seat movie theater, a massage studio and wellness spa, a bowling alley, and a massive candy wall.
The Bel Air home was listed by Branden Williams and Rayni Williams of Hilton & Hyland and Shawn Elliott of Nest Seekers.
Here's what it looks like.
A four-level Los Angeles mega-mansion once listed for $250 million finally sold in October 2019 for $94 million. It had spent three years on the market.
The Bel Air mansion, nicknamed "Billionaire,"sold at a 62% discount from its original asking price.
When the home was first listed for $250 million back in January 2017, it was the most expensive home for sale in the US.
It's nestled in the hills of Bel Air, a "lush private oasis" that's "home to the most affluent people in the world" according to developer Bruce Makowsky.
The house got its first price cut 15 months after it hit the market, in April 2018, at which point it was relisted for $188 million. The price was cut again in January 2019 to $150 million.
The mansion has 17,000 square feet of outdoor entertainment space, including an 85-foot infinity pool.
"The goal with 'Billionaire' was simple; every inch of the property in the home had to be innovative, flawless, and meticulously curated," developer Bruce Makowsky wrote on the property's website. "The budget was there is no budget."
Several outdoor lounge areas overlook the city.
Source: 924 Bel Air Rd.
The interior is decorated in an eclectic yet glamorous style.
Source: 924 Bel Air Rd.
Glass walls throughout the home provide unobstructed views of mountains, ocean, and the Los Angeles skyline.
Source: 924 Bel Air Rd.
In addition to its two master suites, 10 VIP guest suites, and 21 bathrooms, the house includes a four-lane bowling alley and lounge ...
Source: Nest Seekers
... and a 40-seat home movie theater.
Source: Nest Seekers
Downstairs is a car gallery with vehicles worth a combined $30 million.
Source: Nest Seekers
Those with a sweet tooth will love the massive wall of assorted candy.
Source: 924 Bel Air Rd.
The home comes fully furnished and stocked with art.
A penthouse office on the upper level has a view of the helipad (not functional) and the purely decorative helicopter.
There are two fully stocked Champagne and wine cellars ...
Source: Nest Seekers
... and more than 100 curated art installations.
Source: Nest Seekers
Five bars and several lounge areas are scattered throughout the property.
Source: Nest Seekers
The house comes with a full-time staff of seven people.
Source: Nest Seekers
Beyond entertainment spaces, the home has a state-of-the art fitness center ...
Source: 924 Bel Air Rd.
... as well as a massage studio and wellness spa.
Source: 924 Bel Air Rd.
Despite its exorbitant sale price of $94 million, the house was far from the most expensive home to sell in Los Angeles County in 2019.
In August 2019, a Malibu mansion sold for $100 million, and a historic Holmby Hills manor went for $119 million in July. Then in December, the state's real-estate record was shattered when media mogul Rupert Murdoch's son, Lachlan Murdoch, bought the 10-acre Chartwell Estate for about $150 million.
California's record was broken again in February 2020, when the world's richest man, Jeff Bezos, dropped a reported $165 million on a mansion in Beverly Hills after reportedly scoping out the same estate that Murdoch ended up buying.
The most expensive home for sale in the US is now a 40,000-square-foot, Georgian-style mansion owned by financier Gary Winnick. Known as Casa Encantada, the Bel Air estate is on the market for $225 million.
Source: Business Insider