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‘; target.update(message); }Bel Air Chateau Could Be Biggest US Home Sale This Year
Friday, May 14, 2010, by Adrian Glick Kudler
More photos here
The bananas chateau that homebuilder Mohamed Hadid built himself in Bel Air is in contract, and the Wall Street Journal says the deal is for “around $50 million.” Hadid says he laid out $59 million building the 48,000 square foot house and its ballroom, movie theater, and Turkish hammam, and he first put it on the market in February 2009 at $85 million. He slashed the price in August to $72 million. An unknown Indonesian is the potential buyer, and “If the deal closes, it would set what brokers believe to be a new record for the biggest residential real-estate sale in the U.S. to date this year.” It would also make the $35 million Jeffrey Katzenberg paid for a house in Beverly Hills last year–one of the biggest LA home sales of 2009–look almost like some gold foil flakes Hadid might find at the bottom of his hammam.
· Indonesian Agrees to Buy Bel-Air Mansion for $50 Million [WSJ]
· PriceChopper: Big French Chateau Slims Down [Curbed LA]Comments (9extant)
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