Los Angeles' luxury homes are legendary for their excess, but when California's new most expensive listing hit the market on Tuesday, it reset the meter. The $150 million spec house is "an extraordinary expression of boundless creativity, passion and a master's touch of timeless style," the listing claims. For that price, we sure hope so!
And it figures that a property commanding nine figures has an intriguing background. Here are nine things you must know about this uber-expensive mansion in the hills of Los Angeles.
- It's currently the third most expensive listing in the country. No. 1 is a $195 million compound in Manalapan, FL, and No. 2 is Le Chateau de Versailles in Hillsboro Beach, FL, which is listed for $159 million.
- Builder Gala Asher sold a spec home in Beverly Hills last year for around $32 million to billionaire Steve Cohen.
- Barbra Streisand used to have a home on the property, but it was torn down in 2000 by a tech entrepreneur.
- Robert Foster, president of Coldwell Banker Greater Los Angeles Companies, says the house commands such a high price because it's so unique. "Price doesn't have a bearing on it. [For] a person who falls in love with it -- it's almost priceless," Foster says. "You almost get mesmerized walking through it. Just about everything you can possibly think of is in this property."
- The home is on Carolwood Drive, a street familiar to A-listers. Celebs such as Gregory Peck, Clark Gable, Frank Sinatra, Rod Stewart, Sonny and Cher, and Elvis Presley have all lived on the street at one point.
- The estate has a 10-car garage and parking for more than 50 cars.
- At 5,300 square feet, the master suite alone is more than twice as big as the average American home, which is 2,598 square feet.
- The mansion sits on a 2.17-acre lot, measures approximately 38,000 square feet under roof, and features 10 bedrooms and 20 bathrooms.
- It has a lounge, wine room, movie theater, steam room, massage room, mani-pedi area, hair salon, and indoor spa.