Its been reported that real estate developer Mohamed Hadid’s Beverly Hills mega-mansion has been sold to an unknown Indonesian buyer. The home was first listed back in 2009 for a staggering $85 million. It was then reduced to $72 million. It then disappeared off the market and reappeared on February 11th, 2010 with the same asking price of $72 million. The home is said to have been sold for around $50,000,000, which is actually $9 million less than what it cost Mohamed to build it. If the deal goes through, this would be the highest real estate sale in the new year beating out the  $46,500,000 paid for Bootjack Ranch by Texas energy executive Kelcy Warren. Le Belvedere, as it’s known as, is located on Nimes Road in Bel Air, CA. It boasts approximately 48,000 square feet of grand living space with 10 bedrooms, 14.5 bathrooms, 19 fireplaces, a sweeping imported wood staircase with beautiful ornate molding, a grand reception room, formal living and dining rooms, a family room with a wet bar, a music room, a library, an elevator, a lovely gourmet kitchen with imported wood cabinets and large center island, a study, and a staff bedroom. The lower level is perfect for grand scale entertaining. It contains a 5,000 bottle wine cellar, a grand ballroom that can seat up to 250 people, a commercial kitchen, a Moroccan inspired home theater, a gym, a Moroccan room , a Turkish hammam, and a game room. The grounds of this massive estate has staff quarters over the garage, two limousine garages, a swan pond, formal gardens, a 70ft long infinity pool, a 12-person spa, an alfresco dining area, an outdoor kitchen with pizza oven, fireplaces, and a large courtyard that can accommodate up to 100 people. Talk about luck!! The home was on the market for less than 2 years and has already sold!

  • joe

    Yeah!Yeah
    saw this at luxist.com




    0



    0
  • lww

    to lose 9 million…ouch!




    0



    0
  • Venom

    Kenny, how exactly is losing $9 million plus lucky? lol

    This thing is just so over the top it is just ridiculous.




    0



    0
    • Kenny Forder

      Well I mean he’s lucky that he sold it in such a short time and now he doesn’t have to worry about losing more money with the upkeep of it.




      0



      0
      • Stewie

        How much do you think the upkeep of a home like that costs? Can’t be thaaat much can it? I think if you’re as rich as Hadid the upkeep isn’t going to burn a hole in your wallet, or am I wrong there?




        0



        0
        • Nalin

          If I am thinking of property taxes correctly, that has to be the biggest upkeep cost. It could be around $300,000- 500,000 per year for a house like that.

          landscaping and utilities aren’t that much compared to the property tax. so every year the house doesn’t sell, he pays half a million just in taxes. the faster it sells, the less he wastes on that.




          0



          0
          • Nalin

            just looked it up the property tax rate is about 1.25%/ year. so on 50million, thats $625,000/year in tax




            0



            0
        • Grrrowler

          Maintenance is going to be several million a year on that house. Between taxes, utilities (electricity isn’t exactly cheap in CA, nor is water for the lawns), gardeners, maids, security staff, upkeep and repairs, etc it’s very possible that Hadid spend close to $9,000,000 over the last two years just to keep the house running, even if he wasn’t living in it.




          0



          0
  • tipper

    that’s 9 million dollars less than Hadid SAID it cost him to build. that may or may not be an exaggeration. either way this house is ridiculous.

    on another note…i like you kenny, but i think you fawn and wax rhapsodic too much. it’s like you haven’t any ability to discern good or bad architecture or good or bad design. all it takes to impress you is a big square footage and a lot of ornamentation. oh, and basements filled with dumb sporting equipment like roller rinks. this blog would be better if you took a more discerning look at these houses. just my two cents.




    0



    0
    • Kenny Forder

      I get what you’re saying. I just excited over “extreme excess” sometimes. I also don’t have a lot of knowledge about architecture and home design, so I don’t want to say anything that might be totally wrong. I’ll try to add more about those things in my post, but I mostly leave it up to my readers to battle over the good and bad of the design and architecture of the homes.




      0



      0
    • KEV

      Look Tipper, not that Kenny needs anyone to take up for him, but he’s a fairly young guy. What do you expect him to be attracted and enthusiastic about in a house? The same stuff shows like Cribs glorify. Give him some time to mature a little and I’m quite sure that someday soon he will pick up on things like symmetry, proportion and how a house sits within its surroundings, not to mention style and overall design. For his age Kenny knows a helluva lot more about homes that most. You have a right to give your 2 cents, and Kenny’s response to you was as I would expect from him–friendly and willing to take constructive criticism. Regardless, I think you might want to tap the brakes next time you start throwing out opinions. A blog of nothing but style and classic architecture would be boring as hell.

      Just MY two cents.




      0



      0
  • Chance

    The interior is really one of the ugliest I’ve ever seen, I guess some people enjoy it but to me it’s ridiculously tacky.




    0



    0
  • Barney

    Ohhhhhhh, BOY, You Guys…………..Of course, this “house” is indescribably waaaaaaaaaaaaay over the top. While I ADORE all beautiful homes, and all beautiful things in homes(and beauty really is in the eye of the beholder, for the most part) there inescapably comes a point of NO return to plain ole’ LOGIC as far as size is concerned. In my book, spaciousness, light, beauty, color, phenomenal furnishings, art, paint, accessories & everything else in REALISTIC proportions (albeit luxurious porportions) EQUALS CLASS. As simple and disagreeable as this may sound, garish and ridiculous EXCESS destroy a home…know what I mean?




    0



    0
  • george

    in my opinion the interior is not the most beautiful that i have ever seen BUT far from beeing the ugliest. some of the interior i like very much, some is not my case. but comparing to other mansions i like both of this mansion, interior and exterior! for me it is a jaw-breaking mansion…in comparison with siegel`s megamansion this is a jewel.

    one word to the costs: i read, that the annual costs of a mansion are about 10% of the asking price…is this correct? well, if you have a “normal” house- let me say asking price 300 000 $- the annual cost would be about 30 000 $! i think this too much.




    0



    0
  • Kyle

    In style, this home isn’t over-the-top at all (although some rooms seem a little cluttered), however in terms of total size, it is far too large for one or two people. I’d like similar luxury, but on a smaller scale I think.




    0



    0
  • I am disappointed with the interior of this home. It looks like a home that should be on the gold coast in Newport, Rhode Island. The interior is hideous in my opinion. I can’t understand why people think that you need all that wood walls, ceilings, and floors, along with ugly furniture. Yuck!! Why can’t a huge home just be simpler and less ornate?!?




    0



    0
  • Kyle

    😀 😀 😀 See Al, now me, my complaint is that the interiors of homes usually are not ornate ENOUGH. I love wood-paneled walls, coffered ceilings, marble or wood floors, carved fireplaces, chandeliers, etc…all a matter of personal taste though. There are big homes that are very minimalist on the inside as well. Homes like this are a form of Old World grandeur.




    0



    0
  • Kieran

    I used to be obsessed with this house. It is without a doubt well done and incredible, I love so many aspects, particularly the Moroccan theme rooms. But walking past this home in LA, it is such a shrine/monument to money it makes me sick! Yuck.




    0



    0
  • Nick

    This mansion is out of this world.Jaw-dropping.Excellent.The epitome of perfection
    and good taste.

    Even for $50,000,000, it’s considered a good deal.




    0



    0