Despite $13M Price Cut, Bel Air Mansion Is Most Expensive New Listing

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In one of the most expensive real estate areas of the country, on one of the priciest, most sought-after streets in Bel Air, CA, lies this week’s priciest new listing.

While not technically new, Le Belvedere re-emerged on the market this week with a steep $13 million price cut. Now available for $72 million, it captured the crown of this week’s most expensive listing on realtor.com®.

The French-style chateau initially went on the market for $85 million in December 2016, when it was the most expensive listing of the week. At the time we argued the place was a “serious steal,” since a home down the road was going for $250 million.

Buyers didn’t agree with the bargain theory, but those with massive bank accounts may decide to flock to the lower price. The home also has new representation in Richard Hilton of Hilton & Hyland.

Living room

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Eat-in kitchen

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Family room

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Moroccan room

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Aerial view of the pool

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The 35,000-square-foot megamansion on 2.2 acres was built by developer Mohamed Hadid, who’s also the father of supermodels Gigi and Bella Hadid. Completed in 2007, the property was sold for $50 million in 2010.

With magnificent views from the city to the ocean, the property offers “a scale and size no longer allowed in Bel Air,” the listing notes. It has two master suites, eight additional bedrooms, and 15 bathrooms. Entertainment spaces include the living room, library, ballroom, dining room, and wine cellar. Outdoors, there are terraces, a loggia, and a pool. Other amenities include 14 fireplaces, an elevator, and a large commercial kitchen.

The home features intricate interiors and details such as wood paneling and hand-painted ceilings. It offers every possible room you could imagine, including a screening room, gym, card room, Moroccan room, and Turkish hammam.

And here’s another perk of moving in: You could really be the next “Fresh Prince,” or Princess, of Bel Air.

The post Despite $13M Price Cut, Bel Air Mansion Is Most Expensive New Listing appeared first on Real Estate News & Insights | realtor.com®.

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