Stay up to date with notifications from The Independent

Notifications can be managed in browser preferences.

LA mansion previously listed as most expensive in the country now $100m cheaper

The home was originally on sale for $250m

Chelsea Ritschel
New York
Thursday 17 January 2019 23:01 GMT
Comments
LA mansion decreases listing price by $100m (Berlyn Photography)
LA mansion decreases listing price by $100m (Berlyn Photography)

A Bel Air mansion that was previously the most expensive listing in the US is now selling for $100m less than the original asking price.

The opulent glass house was built by developer Bruce Makowsky and features enviable amenities such as a helicopter pad, a 40-seat movie theatre, and an infinity pool - and was listed as $250m when it first went up for sale in 2017.

However, in a statement, the real estate developer announced the mansion, nicknamed "Billionaire," would now be listed at a more affordable $150m.

"Today's billionaire and mega-wealthy homebuyer just isn't ready to spend $200m 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. "I’ve adjusted the price to what I believe is today’s market value for the home.”

This is the second time the price has been decreased, after it was first lowered by $62m in April 2018.

In addition to three kitchens and a candy wall, the 38,000-sq ft home also boasts a wellness spa, two stocked wine cellars, 12 bedrooms and 21 bathrooms.

The home, located at 924 Bel Air Rd, also comes with 17,000 sq ft of outdoor space which offers the eventual owner uninterrupted views of Los Angeles.

According to Makowsky, the new price reflects the global market conditions.

The two-year-old mansion has competition, as the most expensive house on the market, currently listed for $245m, is also in Bel Air.

The house includes a bowling alley (Berlyn Photography)
The deck offers views of LA (Berlyn Photography)
The movie theatre seats 40 (Berlyn Photography)
The mansion also has two wine cellars (Berlyn Photography)
A spa and fitness centre are also included (Berlyn Photography)
The home is nicknamed "Billionaire" (Berlyn Photography)

However, according to Mansion Global, if the Billionaire mansion sells for the listed price of $150m, it would break the existing price record.

Join our commenting forum

Join thought-provoking conversations, follow other Independent readers and see their replies

Comments

Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in