- Chelsea RitschelNew York
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.