The home behind Bel-Air’s $250 million residential listing of 2017 sold this month at a price far removed from its ambitious initial ask: $94 million.
The house, which was built on spec by fashion entrepreneur and developer Bruce Makowsky, got a lot of press when it first hit the market two years ago. It was presented as a turnkey lifestyle, and made headlines for its unapologetic extravagance. Makowsky called the estate ‘Billionaire’.
The 38,000 square-foot contemporary was listed with an automotive collection valued at $30 million, an art collection that includes a series of moving images based on the Seven Dwarfs—which was valued at $500K—a four-lane bowling alley, two wine cellars, two master suites, and a total of 21 bathrooms.
The below-$100 million sale price isn’t terribly surprising in today’s market, as the ‘mega-house’ trend has been as resistant to high flying as the houses themselves.