mohamed hadid

Bel-Air Mansion Will Be Most Expensive U.S. Sale

Filed under: Estates

The record set by Colorado's Bootjack Ranch for the most expensive property sold in the United States this year sure didn't last long. The Wall Street Journal reports that an Indonesian buyer is in contract to buy a ten-bedroom mansion in Bel Air, California for around $50 million. If the deal goes through it would set a record for the top sale in the U.S. besting the $46.5 million sale to of Bootjack Ranch to Texas energy executive Kelcy Warren.

We first checked out the property in 2009 when it was listed for a whopping $85 million. The home was built by Mohamed Hadid, a real estate developer who built Ritz-Carlton hotels in the 1980s but now creates lavish billionaire-ready estates like this one. The home known as Le Belvedere sits on 2.2 acres of prime land that includes staff quarters over the garage, a garage big enough for two limos, a swan pond, rose gardens, an infinity pool, large spa, outdoor kitchen with a pizza oven, fireplaces and courtyard dining for 100 guests. The home itself has 48,000 square feet of space and public rooms include a reception hall, formal living and dining rooms, an informal dining room, a family room with a bar lounge, a music room, a library, 5,000 bottle wine cellar and tasting room, a ballroom, commercial kitchen, screening room, game room and a Moroccan room. The main master bedroom suite including a sitting room, powder room, his and hers bathrooms and dressing rooms.

Last summer Hadid dropped the price to $72 million, a development that prompted Coldwell Banker listing agent Joyce Rey to remark at the time that at the price the home offered "a remarkable lifestyle and a great value." The $50 million sale price could be considered a deal considering that Hadid has said he spent $59 million to build the massive mansion.

Gallery: $85 Million in Bel Air

Tags: Bel Air, california real estate, mohamed hadid, most expensive

Mohamed Hadid's Short Sale Situation

by Deidre Woollard (RSS feed) —

Filed under: Estates

After my colleague Ann Brenoff reported that Mohamed Hadid had chopped $13 million off of one of his properties I knew times were bad but I had no idea just how bad. Another Hadid property, a Balinese-styled spec house in Beverly Hills, is now listed in the MLS as being a short sale situation. The property was once listed at $16.5 million. It was at $12.9 million when we checked it out as an estate of the day last year. Now it can be yours for $7.995 million on a listing that says "must sell" in big capital letters. The 12,000-square-foot 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.

Gallery: Bali in Beverly Hills

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Tags: beverly hills, BeverlyHills, mohamed hadid, MohamedHadid, real estate, RealEstate, short sale, ShortSale

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

by Ann Brenoff (RSS feed) —

Filed under: Estates

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

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Tags: bel air, BelAir, california real estate, CaliforniaRealEstate, luxury real estate, LuxuryRealEstate, mohamed hadid, MohamedHadid, price cut, price drop, PriceCut, PriceDrop

Mohamed Hadid in Bel Air, Estate of the Day

by Deidre Woollard (RSS feed) —

Filed under: Estates

At a time when even the Russians seem to be losing their fortunes is there really room on the Los Angeles real estate market? Well, we better make room because as the LA Times Hot Property column reported Ritz-Carlton developer Mohamed Hadid has listed his Bel-Air residence for a blistering $85 million. It's not the most expensive house in Los Angeles or the most expensive property in his listing agent's portfolio (both those honors go to Fleur de Lys in Holmby Hills still on the market at $125 million).

What do you get for your money? The home is on 2.2 acres of prime land that includes staff quarters over the garage, a garage big enough for two limos, a swan pond, rose gardens, an infinity pool, large spa, outdoor kitchen with a pizza oven, fireplaces and courtyard dining for 100 guests. The home itself has ten bedrooms and 48,000 square feet of space. Public rooms include a reception hall, formal living and dining rooms, an informal dining room, a family room with a bar lounge, a music room, a library, 5,000 bottle wine cellar and tasting room, a ballroom, commercial kitchen, screening room, game room and a Moroccan room. The main master bedroom suite including a sitting room, powder room, his and hers bathrooms and dressing rooms. Like many other fancy mansions, this one has its own name, Le Belvedere.

Experience more lush living in luxury homes and mansions or see the stars living large with celebrity homes galleries at AOL Real Estate.

Gallery: $85 Million in Bel Air

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Tags: bel air, BelAir, estate of the day, EstateOfTheDay, mohamed hadid, MohamedHadid

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Balinese In Beverly Hills, Estate of the Day

by Deidre Woollard (RSS feed) —

Filed under: Estates

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.

Experience more lush living in luxury homes and mansions or see the stars living large with celebrity homes galleries at AOL Real Estate.

Gallery: Bali in Beverly Hills

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Tags: beverly hills, BeverlyHills, estate of the day, EstateOfTheDay, mohamed hadid, MohamedHadid

Continue reading “Balinese In Beverly Hills, Estate of the Day”