clock menu more-arrow no yes mobile

Filed under:

Bel Air spec house gets a $62M price chop

New, 10 comments

It’s no longer the nation’s most expensive house

An enormous Bel Air mansion that hit the market last year with a $250 million price tag is no longer the nation’s priciest listing, after a healthy $62 million price reduction.

Dubbed Billionaire, the 38,000-square-foot spec house was built by developer Bruce Makowsky, who previously sold an amenity-rich Beverly Hills residence to Minecraft creator Markus Persson. After being de-listed last summer, the home returned to the market last week seeking $188 million.

That means that The Manor, the wildly extravagant former Holmby Hills residence of Aaron and Candy Spelling, can officially reclaim its title as the most expensive home up for sale in both Los Angeles and the nation.

As the Los Angeles Times points out, the latter home is significantly larger than Billionaire, with two extra bedrooms and nearly 20,000 additional square feet of living space. Makowsky’s spec house, though, boasts bonus features few other homes can claim—including a helipad and a garage full of Lamborghinis and Ferraris.

It’s also got 12 bedrooms, 21 bathrooms, six bars, three kitchens, and a 40-seat home theater with a James Bond theme.

The most expensive American home ever sold is a Hamptons estate that fetched $147 million in 2014, so if either Billionaire or The Manor get anything close to asking price, that record could fall.

In Los Angeles, no home has ever sold for more than $100 million—the price commanded by both the Playboy Mansion and a spec house purchased by Detroit Pistons owner Tom Gores in 2016.

The Manor may not hold its “most expensive” title for long; developer Nile Niami is hard at work on one of the largest private residences ever constructed. Niami plans to list the Bel Air mansion for $500 million.