Special offer

$50 Million Listing - 10664 Bellagio Rd, Los Angeles, CA 90077

By
Real Estate Agent with COMPASS DRE# 01339266

$50 Million Listing in Bel Air - 10664 Bellagio Road, Los Angeles, CA 90077

I enjoy seeing outrageously expensive property listings ... so the most recent mega-million listing in Los Angeles really intrigued me.

According to the MLS, this 20,000 sq ft mansion with 8-Beds and 16-Baths boasts a 2000 sq ft master suite, fabulous movie/screening room, resort-like indoor spa & gym, and a car collector's subterranean garage.

What really interested me was the listing history of this property:

Listed at $30 Million in 2005, the property was eventually sold for $27.5 Million.

Now, 5 years later, it's "widowed owner" is asking $50 Million.

I can't imagine what was done to the property to substantiate almost doubling the price in just 5 years.

This will be interesting to watch ....

Listed by Coldwell Banker - Beverly Hills South.

Photo courtsey of the CLAW MLS.

Comments (16)

Nikki Boad
Accurate Realty Group with Keller Williams - Seattle, WA

WOW! $50 Mill...... and only 3 cars??????? JK.

Feb 24, 2010 12:44 PM
Sandy Fenton
Keller Williams NY Realty * Licensed Associate Broker - Mount Kisco, NY
ABR, ASP, CDPE, GRI -Westchester NY - Condos to Luxury Homes

Geez, I'd be afraid of my own shadow in a house that size.  I'd never leave the bedroom . . .  Is there such a thing as too, too much???  :-/

Feb 24, 2010 12:46 PM
Richard Overall
United Country Premier Properties - Harker Heights, TX
Your OVERALL Long-Term Real Estate Resource

I have to agree with Sandy, I couldn't imagine what I'd do with more than 10,000 sqft...hahaha

Feb 24, 2010 12:52 PM
Todd & Devona Garrigus
Garrigus Real Estate - Beaumont, CA
Broker / REALTORS®

Even $30 million!!!! ...doing the commissions split in my head... Um. Wow.

Feb 24, 2010 01:15 PM
COMPASS PALM SPRINGS | Stewart Penn
COMPASS - Palm Springs, CA
COMPASS Palm Springs - Broker Associate

Nikki - I'm sure there are more cars .... I just couldn't find any extra pics.

Sandy - Too much ....?

Ask Candy Spelling who is trying to sell her house for $150 Million.

Feb 24, 2010 01:16 PM
Steve Shatsky
Dallas, TX

Hi Stewart... 16 Baths?  I think that may be more than the new Dallas Cowboys Stadium!  LOL

Feb 24, 2010 01:28 PM
Michael J. Gallo
Florida Luxury Realty - New Port Richey, FL
Florida Luxury Realty - Gulf Home Sales Team

I definitly want to know what it finally sells for and if one of those Twits from Million Dollar Listing Sells is I will Cry. :))

Feb 24, 2010 01:53 PM
Eric J
Eric J - Dream Home Financing - Freehold, NJ
Dream Home Financing

I really want to know what the negotiated commission rate is on the listing?

Feb 24, 2010 02:03 PM
Sandy Fenton
Keller Williams NY Realty * Licensed Associate Broker - Mount Kisco, NY
ABR, ASP, CDPE, GRI -Westchester NY - Condos to Luxury Homes

LOL - I don't mean the price (Luxury home prices don't shock me, I'm in a northern suburb of NYC) - I am talking about the "space."  16 bathrooms???  I swear I'd be nervous in that garage!  LOL

Feb 24, 2010 02:37 PM
COMPASS PALM SPRINGS | Stewart Penn
COMPASS - Palm Springs, CA
COMPASS Palm Springs - Broker Associate

Todd - It's a lot .... no calculations needed :)

Steve - That's only 2 bathrooms for every bedroom!

Michael - Follow my Blog and I'll keep you posted :)

Eric - The MLS shows a 2% commission to the co-operating Selling Agent. 

Sandy - Like I said, ask Candy Spelling .... she's downsizing from 56,000 sq ft to a mere 16,000 sq ft (with a 4000 sq ft master suite).

Feb 24, 2010 03:00 PM
J. Philip Faranda
Howard Hanna Rand Realty - Yorktown Heights, NY
Associate Broker / Office Manager

What the old adage- you can't live there long term, but it is a good start. It sure is an opulant place but something that huge feels strangely antiseptic to me. I might feel differently if I were to walk through. Neat stuff to ponder- thanks for touching on these high end places. They intrigue and fascinate.

Feb 24, 2010 04:18 PM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

That road has a lot of history. But that price doesn't compare to the Spelling manse as I recall. Still on the market I believe.

Jeff

Feb 24, 2010 04:30 PM
COMPASS PALM SPRINGS | Stewart Penn
COMPASS - Palm Springs, CA
COMPASS Palm Springs - Broker Associate

Philip - Glad you also enjoy watching the activity on these mega-million mansions.

Jeff - There have been some fascinating residents on Bellagio Rd over the years, including Alfred Hitchcock.

Feb 25, 2010 01:05 AM
Terry Chenier
Homelife Glenayre Realty - Mission, BC

Stewart,

Some people have way too much. I saw a house in Cabo on the peak of a hill-30,000 SF!

Feb 25, 2010 02:13 AM
Anonymous
AJ

One thing to keep in mind -- since the last time it sold they bought the house next door and raised it to create formal gardens and a side yard.  One of the reasons for price increase.

Feb 25, 2010 07:21 AM
#16
COMPASS PALM SPRINGS | Stewart Penn
COMPASS - Palm Springs, CA
COMPASS Palm Springs - Broker Associate

AJ - You are absolutely correct .... the original property that sold for $27.5 Million now has an additional parcel of land included in this new listing .... BUT, is that extra land worth over $20 Million?

PS: Are you an agent, broker, or member of the public? (I haven't seen you comment on my Blog before)

Feb 25, 2010 08:25 AM