Indonesian Agrees to Buy Bel-Air Mansion for $50 Million
May 14, 2010 - Los Angeles
An Indonesian buyer is in contract to buy a 48,000-square-foot mansion in Los Angeles' Bel-Air neighborhood for around $50 million.
If the deal closes, it would set what brokers believe to be a new record for the biggest residential real-estate sale in the U.S. to date this year.
The previous record is thought to be set by Texas energy executive Kelcy Warren's $46.5 million buy in Colorado in April.
The 10-bedroom, 14-bathroom mansion, most recently listed for $72 million and originally listed for $85 million, sits on 2.2 acres.
It has a ballroom seating more than 200, a music room and a 20-car motor court. There's a pond for swans, seven fountains, a Turkish hammam and a columned movie theater with a mural on the ceiling.
The seller is Los Angeles developer Mohamed Hadid, who constructed Ritz-Carlton hotels in the 1980s and now builds massive homes in L.A., Mexico and elsewhere.
Mr. Hadid has said he spent $59 million to build the home for his own use.
The buyer's identity could not be learned. Joyce Rey and Stacy Gottula of Coldwell Banker Previews International have the listing.
blog, Mansion, Los Angeles, most expensive, Bel air, most expensive properties