A Bel Air mansion that was once the most expensive listing in the United States has slashed its asking price by $100 million, dropping from $250 million to $150 million. The opulent property, known as 'Billionaire,' was built by developer Bruce Makowsky and originally listed in 2017.
The 38,000-square-foot glass house boasts a helicopter pad, a 40-seat movie theatre, an infinity pool, a wellness spa, two wine cellars, 12 bedrooms, and 21 bathrooms. It also includes three kitchens, a candy wall, and 17,000 square feet of outdoor space with uninterrupted views of Los Angeles.
Makowsky explained the price reduction, saying, 'Today's billionaire and mega-wealthy homebuyer just isn't ready to spend $200 million on a home at this current place in time... I've adjusted the price to what I believe is today's market value for the home.' This is the second price cut, following a $62 million reduction in April 2018.
The mansion faces competition from another Bel Air property currently listed at $245 million. However, if 'Billionaire' sells for $150 million, it would break the existing price record for a home sale in the US, according to Mansion Global.
