Developer Mohamed Hadid has created some of the most spectacular mansions in L.A., but this is the one he calls home
In addition to creating supermodels (daughters Bella and Gigi Hadid), Mohamed Hadid is known for creating supermansions, as in the case of Le Belvedere, a massive and elaborate Bel Air estate that sold for a record-setting $50 million in 2010. Now the property is back on the market, this time for $85 million, and the price is actually quite the bargain for the area.
Listing agents Joyce Rey of Coldwell Banker Previews International and Stacy Gottula of The Agency point out that at $85 million, the approximately 35,000-square-foot, 2.2-acre French-inspired chateau is priced at around $2,200 per square foot, which is a relative pittance compared to the pocket-listed home next door, which sits on just 1 acre and costs around $3,500 per square foot.
The owners of that neighboring mansion are reported to be asking $250 million total. With that as a comp, $85 million almost seems like a bargain…almost.
But perhaps the greatest testimony to its value is the fact that Mohamed Hadid, who could realistically build himself a dream palace anywhere he wants, loves Le Belvedere so much, he never moved out. He completed construction in 2007, sold it to international buyers in 2010, and negotiated a lease-back agreement that wound up lasting six years. The buyers never got around to moving in, have decided that they probably never will, and are now ready to sell.
“The overall design and scale of the rooms is unlike anything else on the market,” says Rey. “It was designed for entertaining, and each room is dramatic.”
Le Belvedere’s splendors are numerous. Master craftspeople from around the globe were brought in to create spectacular features, including an elaborately decorated screening room that seats 60 people. There’s a grand ballroom and a 5,000-bottle wine cellar, two sumptuous master suites, a Moroccan-inspired salon, and a Turkish hammam spa with a steam room.
Gottula and Rey counted 14 fireplaces. The listing notes that there are 10 bedrooms and 14 bathrooms, and the lavish grounds include fountains, a loggia, terraces, eight rose gardens, a 70-foot infinity-edge pool and spa, and a swan pond (the swans themselves are negotiable).
The estate sits atop a hill with 280-degree views. Mohamed Hadid will no doubt miss the views when it finally sells. But he’s already immersed in his next project, a Bel Air spec mansion that he’s calling Strada Vecchia, which he plans to sell for somewhere around $200 million.
See more photos and get more info in my feature on Realtor.com.
How Can $85 Million Mansion be a Steal? Ask Mohamed Hadid