Mansion GlobalBECKIE STRUM
April 17, 2018
The home is back on the market after a buyer pulled out of a near $190-million deal
It would have been the biggest home sale in the U.S., but the roughly $188 million deal to buy a 12-bedroom Bel Air mansion that comes with its own helipad and Ferrari gallery has fallen through, Mansion Global has learned.
Now developer Bruce Makowsky has put the Los Angeles spec home once priced at a record-breaking $250 million back on the market with a 25% discount. It hit the market on Friday for $188 million—or $62 million off.
The lavish, glass-lined home is perched on a hillside in one of the most expensive neighborhoods in the country. At 38,000 square feet, it’s more than 10 times the size of the median house on the market in the posh enclave of Bel Air-Beverly Crest, according to data on Redfin.
Some of its more obscure amenities include an assorted candy wall, more than 100 art installations and an auto gallery already stocked with luxury vehicles totalling $30 million, Mansion Global previously reported.
Mr. Makowsky unveiled the over-the-top home in January 2017, announcing that he’d built it as a kind of trophy asset in the league of “mega yachts and large private jets that can sell from $50 million to $500 million.”
He found a buyer within months and pulled the home from the market last June, listing records show.
The home was in escrow but the deal fell through, said Shawn Elliott one of the listing agents on the property with Nest Seekers International.
The new price reflects approximately what the home would have sold for if the deal closed, Mr. Elliott told Mansion Global.
“Our deal was about that number,” he said. “Sometimes the market tells you what something is worth.”
Indeed, the home has few comparables anywhere in the United States and was once the most expensive listing in the country. It’s since been eclipsed by a 14-bedroom home nearby in Holmby Hills, asking $200 million, as well as the neoclassical estate of the late Univision billionaire Jerry Perenchio, which is also in Bel Air and asking $350 million.
Besides walls of candy and millions in cars, Mr. Makowsky’s relisted spec home comes with two master suites and 10 guest bedrooms, 21 bathrooms and a grassy roof deck.
There are three kitchens and five bars, plus a four-lane bowling alley and 40-seat theater. The price of the home includes the salaries for seven household staff for the first two years of ownership, Mansion Global previously reported.
The listing agents on the property also include Rayni Williams and Branden Williams of Hilton & Hyland.
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