Why isn't anyone buying this US$250 million Los Angeles mansion?
The 21-bathroom 38,000 square-foot Bel Air property includes a rooftop helipad, infinity pool, 40-seat cinema, wellness spa and bowling alley
A mega-mansion in the Californian city of Los Angeles, which was once the most expensive listing in the United States, is now being offered at a US$100 million discount.
When it first went on the market in January 2017, the asking price was US$250 million. Then 15 months later – in April last year – it went back on the market after a US$62 million price reduction for US$188 million. Now the asking price is down to US$150 million.
Luxury property developer Bruce Makowsky said the price had been adjusted to reflect global market conditions.
“Today’s billionaire and mega-wealthy homebuyer just isn’t ready to spend US$200 million on a home at this current place in time, so we’ve relisted it with a price tag that will open the door to a significantly larger audience,” Makowsky said.
The Bel Air mansion, nicknamed “Billionaire”, includes 38,000 square feet (3,500 square metres) of indoor living space and 17,000 square feet of outdoor entertainment decks.
It features two master suites, 10 VIP guest suites, and 21 bathrooms.
Other lavish amenities include a non-functional rooftop helipad, an 85-foot infinity pool, a 40-seat cinema, massage studio and wellness spa, a bowling alley and a huge wall covered in sweet dispensers.
“The goal with ‘Billionaire’ was simple; every inch of the property in the home had to be innovative, flawless, and meticulously curated,” Makowsky said. “The budget was, there is no budget.”
The house at 924 Bel Air Road is being offered for sale by Branden Williams and Rayni Williams with Hilton & Hyland and Shawn Elliott of Nest Seekers.