And the View from The Top .... is Falling

by Ann Brenoff (RSS feed)
Aug 21st 2009 at 8:21PM

Update: Mohamed Hadid, he of Ritz Carlton fame, just slashed the price on his Bel-Air home from $85 million to $72 million. Will it make a difference and generate a few more land barons coming to take a look-see? Coldwell Banker listing agent Joyce Rey, the diva of Beverly Hills high-end real estate, believes so. "At the new price, this home offers a remarkable lifestyle and a great value," she says. The property, with a 48,000-square-foot main house, was featured as a Luxist Estate of the Day on Feb. 23. The home has a 5,000-bottle wine cellar and a ballroom that seats 200-250.

Gallery: $85 Million in Bel Air