America’s Onetime Priciest Home Sells at 62% Discount in Bel Air

Bruce Makowsky’s Los Angeles super-mansion dropped from $250M to $94M

A spec mansion was developed by Bruce Makowsky
The spec mansion was developed by Bruce Makowsky. (924 Bel Air Road)
By Evan Bleier / October 28, 2019 11:09 am

When it was first listed for sale at $250 million three years ago, 924 Bel Air Road in Los Angeles was the most expensive home listing in the United States.

A 12-bedroom property in the hills above Sunset Boulevard dubbed “Billionaire,” the 38,000-square-foot home was just sold for a heavily discounted price of $94 million, according to The Wall Street Journal.

Built as a spec home by handbag designer Bruce Makowsky of QVC fame, the four-story LA mansion has 21 bathrooms, five bars, three kitchens, two wine cellars and a special candy room that contains dozens of cylinders filled with assorted sweets.

The home also features a crocodile skin-clad elevator, Louis Vuitton bowling alley, a 40-seat movie theater, massage studio, fitness center and an 85-foot infinity pool with a swim-up bar.

Despite all that, Makowsky was only able to find a buyer after slashing the home’s price by 62 percent.

Given how other spec homes in the area have been doing on the market, Makowsky may have been fortunate to get what he did for Billionaire.

“Many other high-end spec homes in the area have been languishing on the market for years, as recent buyers have shown a preference for pedigreed estates or oceanfront compounds over many of the modern glitz-and-glamour offerings in Bel-Air and Beverly Hills,” according to The LA Times.

Check out a promo video for Makowsky’s super-mansion below:

Nearby, WhatsApp co-founder Jan Koum paid $100 million for a Malibu mansion in August. The highest home sale price for a home in California history was set in July when Petra Ecclestone sold the Manor of Holmby Hills for $119.75 million.

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