Le Belvedere Sold! How exiting!

By
Real Estate Agent with Berkshire Hathaway HomeServices 01238708

Le Belvedere Sold! How exiting, this home was built for spec. The owner's intention was to build and make a profit. Originally this property was listed for $85,000,000.00 February 2009, then due to lack of activity reduced to $72,000,000.00 and now it has an owner.

Many people are just amazed at the stratospheric prices (and they should).  This market is not affected by the everyday economic turns one would say. (I humbly disagree)There are rumblings on the street, that the seller owed some money and yes it was a "sale", but.... Even if it is false rumors, you have to have some money to be able to buy a Luxury Mansion in this price point. Hence you must be on the upside of the economic wave to be able to buy this home.

So enough of my philosophizing, so you might wonder, what do you get for this money?

 If you look at the Multiple Listing Information you will find that the House was built in 2006 and has 10 Bedrooms and 14 bathrooms. The living square feet is around 48,000 and the lot is on 94,090 sq ft. (disregard what the LA Times wrote, it is only partially accurate)

There are 280 degree City Views from these 2.2 manicured acres of land. It is inspired from France, a chateau, hence the name "Le Belvedere".  Of Course there is wine cellar if you were wondering; it can hold 5000 bottles of your favored wines.  This Bel Air Chateau has 19 fireplaces, a gym, swan pond and much more.

This is a great location, Elizabeth Taylor, Ronald Regan, Frank Sinatra and many more lived and too many to name still live here. This is inside the coveted 90077 zip code, i.e.:  Bel Air proper inside the arched gates of East and West Gate.

The listing agent is in my office and has many similar priced opportunities on and off the market.

 Now if you are interested in buying or selling homes, not just in this price point, but in any price point please do not hesitate to reach out to me.  If you are a consumer  who is considering buying  or selling  a home, investment real estate, vacation homes, or beach properties in Southern California, Los Angeles, Century City, Westwood, West Hollywood, Beverly Hills, Culver City, Marina Del Rey, Venice or Malibu. Feel Free to give me a call at 310.486.1002 (USA) or email me at homes@endrebarath.com  or visit one of my websites at http://www.endrebarath.com  Your Pet Friendly Realtor. I contribute a portion of My commission to Local Animal Rescue Organizations.  

 

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
ActiveRain Community
Location:
California Los Angeles County Los Angeles Bel Air
Tags:
luxury homes
southern california
investment property
bel air
international buyers
endre barath
ca presented by endre barath
ca chateau

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainmaker
514,331
Tom Priester
Paradise Sharks - Jupiter, FL
Paradise Sharks

Endre, now that is what I call a house!

Jun 12, 2010 10:19 PM #1
Ambassador
1,973,114
Fernando Herboso - Broker for Maxus Realty Group
Maxus Realty Group - Broker 301-246-0001 - Gaithersburg, MD
301-246-0001 Serving Maryland, DC and Northern VA

I wish I was the selling broker for this property. . .the commission would make my year!

Jun 13, 2010 12:36 AM #2
Rainmaker
3,203,984
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Tom-- I agree, just having the Staff to maintaine and keep it up will help the LA economy:))

Fernando-- Just imagine it was not a full commission, still not bad, but if you run the time effort,cost and energy into it, that brings to ROI down a bit.:))

Jun 13, 2010 06:44 PM #3
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
3,203,984

Endre Barath, Jr.

Realtor - Los Angeles Home Sales 310.486.1002
Ask me a question
*
*
*
*
Spam prevention