An LA mega-mansion listed at $250 million in 2017 has had its price slashed by $100 million, and it's still not selling - here's a look inside
- A Los Angeles mega-mansion went on the market two years ago for $250 million, making it the most expensive listing in the US at the time.
- But nobody wanted to buy it, and it got a $62 million price cut 15 months later.
- Now, after yet another price chop, it's back on the market for $150 million - a staggering $100 million less than its original asking price.
- The extravagant property includes a helipad, five bars, a bowling alley, a 40-seat movie theater, an 85-foot infinity pool, and a massive candy wall.
A mega-mansion in Los Angeles that was once the most expensive listing in the US is now selling at a $100 million discount.When it first went on the market in January 2017, the home was asking $250 million, as Business Insider previously reported. Fifteen months later, in April 2018, it went back on the market for $188 million - a whopping $62 million price cut. Now the price has been cut again, down to $150 million.
Luxury developer Bruce Makowsky said the price was adjusted to reflect global market conditions.
"Today's billionaire and mega-wealthy homebuyer just isn't ready to spend $200 million 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 in a press release.
The Bel Air mansion, nicknamed "Billionaire," includes 38,000 square feet of indoor living space and 17,000 square feet of outdoor entertainment decks. It has two master suites, 10 VIP guest suites, and 21 bathrooms.
Other over-the-top amenities include a non-functional rooftop helipad, an 85-foot infinity pool, a 40-seat movie theater, a massage studio and wellness spa, a bowling alley, and a massive candy wall.
"The goal with 'Billionaire' was simple; every inch of the property in the home had to be innovative, flawless, and meticulously curated," Makowsky wrote on the property's website. "The budget was there is no budget."The home at 924 Bel Air Road is listed by Branden Williams and Rayni Williams with Hilton & Hyland and Shawn Elliott of Nest Seekers.
Here's what it looks like.