LA Connection Property Blog: February 2010

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

$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.

Comment balloon 16 commentsCOMPASS PALM SPRINGS | Stewart Penn • February 24 2010 09:08PM
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