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$94Million, Air Property, Bruce Makowski, Hilton & Hyland

Hilton & Hyland Sells Bruce Makowski’s Bel Air Property for $94Million

 

Hot Property | Bruce Makowsky

Once listed for $250 million, developer Bruce Makowsky’s Bel-Air spec house has sold for $94 million.
(Berlyn Photography)
By Jack Flemming Staff Writer LA Times
Oct. 24, 2019
12:20 PM

After two years, two price cuts and a controversial lawsuit against the nation’s largest real estate marketplace, developer Bruce Makowsky is walking away from Bel-Air a much richer man.

His grandiose mansion — a 38,000-square-foot monument to opulence with 12 bedrooms, 21 bathrooms and luxury goodies galore — just sold for $94 million to an unknown buyer.

It’s a gargantuan sum that ranks among the priciest sales in L.A. history, but it’s still a fraction of the price the handbag tycoon originally sought. Makowsky first brought it to market for $250 million, which at the time made it the most expensive home listing in the country.

Then, he chopped the price to $188 million in 2018 before trimming it to $150 million this year. He told The Times he was just trying to be realistic.

Called Billionaire, the four-story mega-mansion is more of a lavish playground than a home.

In addition to three kitchens and five bars, it holds a Louis Vuitton bowling alley, a 40-seat movie theater, massage studio, fitness center and candy room with dozens of sweet-filled cylinders. Two wine cellars are stocked with hundreds of bottles of Champagne and other fine wine.

Outside, more than 17,000 square feet of entertainment decks overlook Los Angeles. The back patio is anchored by an 85-foot infinity pool with a swim-up bar.

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