Balinese In Beverly Hills, Estate of the Day

It''s hard to believe but today's home is a fabulously extravagant spec house. It's also a home at a discount. The LA Times Hot Property column reports that real estate mogul Mohamed Hadid's latest Beverly Hills offering has had a price drop from $16.5 million to $12.9 million. The 12,000-square-foot spec home has a Balinese design with bamboo, exotic Asian woods and other materials imported from around the world. This is opulence on a grand scale with heavy doors, floor-to-ceiling glass windows, and three separate master suites among the six bedrooms. There is a Balinese-styled home theater, wine cellar and a gorgeous infinity pool with unobstructed views. The furnishings are included in the price.

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