Country's Most Expensive Home Lowers Price To $150 Million

BEL AIR, Calif., Jan. 15, 2019 /PRNewswire/ -- Major luxury developer Bruce Makowsky, known for curating, designing and bringing to life some of the most stunning homes in the country, has announced a $38 million dollar price adjustment for his spec home located at 924 Bel Air Road in Los Angeles. Originally listed at $250 million, the price was lowered to $188 million about six months ago.

"Due to recent global market conditions, I've adjusted the price to what I believe is today's market value for the home," says Makowsky. "Today's billionaire and mega wealthy homebuyer just isn't ready to spend $200 million on a home at this current place in time so we've relisted it with a price tag that will open the door to a significantly larger audience."

At the end of 2014, Makowsky sold his Beverly Hills masterpiece spec home at 1181 N. Hillcrest Drive for $70 million marking the most expensive house ever sold in Beverly Hills. When creating 924 Bel Air Road, Makowsky's mission was simple – to design, curate and build the most amazing home in the United States. The original price tag of $250 million was comped to his last sale as 924 Bel Air Road takes luxury living to a whole new level.

In 2018, Los Angeles County and the brokers for 924 Bel Air Road, Branden and Rayni Williams, set a new record for the most expensive home sold to date when an 8,000-square-foot property in Malibu closed for $110 million, or about $13,500 per square foot, demonstrating that record-breaking home prices are indeed attainable in Los Angeles. "Los Angeles offers the best of everything and buyers at this price point understand its importance in the global marketplace. Prices have clearly been trending upward in recent years and while I strongly believe we will reach these pricing levels soon, we're just not quite there yet," says Makowsky. Currently in Los Angeles, there are many high-end luxury builders developing properties with over $100 million price tags.

"The mega yacht business has never been stronger with values over $200 million each indicating that this level of wealth does exist in the world, and not to mention the private jets that billionaires spend massive amounts of money on each year," adds Makowsky. "Ultra-wealthy buyers have not yet become accustomed to spending $200 million on a home despite the amount of time they actually spend in it. The flawless attention to detail when you step inside 924 Bel Air Road is unmatched anywhere in the world."

924 Bel Air Road offers 38,000 square feet of indoor living space as well as 17,000 square feet of seamless entertainment decks. There are two master suites, 10 oversized guest suites, 21 luxury bathrooms, three gourmet kitchens, five bars, a massage studio/wellness spa, state-of-the-art fitness center, 85-ft glass tile infinity swimming pool, 40-seat 4k Dolby Atmos Theater, four lane bowling alley/lounge, sprawling auto gallery, over 100 curated art installations, an outdoor hydraulic pop-up theater, two fully stocked champagne/wine cellars, massive assorted candy wall and the most advanced home technology system in the country.

The 270-degree views from the snow covered mountains, through the entire city and gliding the whole Pacific Ocean to Malibu is without a doubt the best view in California. Taking more than four years to build with a crew of over 300 people, 924 Bel Air Road is among the most amazing man-made achievements of art and architecture ever built.

Branden Williams and Rayni Williams with Hilton & Hyland along with Shawn Elliott of Nest Seekers are the listing agents for 924 Bel Air Road. For more information, visit www.924belair.com.

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SOURCE Bruce Makowsky