This brand new 40,000 square foot Spanish-style villa, currently in the works on a 1.35-acre lot has just hit the market, priced at a whipping $75 million. Magnificent villa It is nestled just above the iconic Hotel Bel-Air, minutes to world famous Rodeo Drive, and just a short drive to the Santa Monica Pier. Although it’s currently under construction and looking for a buyer, a selection of digital renderings reveal some impressive features.
Upon completion the residence will include 8 bedrooms, 21 full bathrooms, 6 bars, 2 swimming pools, an indoor basketball court, recording studio, outdoor video system, as well as a complete wellness centre spa, and an underground auto showroom.
The original home was built in 1960 and offered over 5,000 square feet of space with 6 bedrooms, swimming pool, and gorgeous views.
It originally came on the market in late 2002 for $4.25 million and after several reductions it eventually sold in 2013 for just $1.25 million. An adjacent 34,500 square foot lot is also available to be purchased separately to create a lot coverage of over 2.11-acres. The property is currently on the market for $75 million with Westside Property Group.