Dive Brief:
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A Los Angeles developer is building the most expensive home for sale in the world — and he’s doing it on spec.
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One of the largest homes in the U.S., the 100,000-square-foot dwelling will have a 30-car garage, a 5,000-square-foot master bedroom, and a guest house, movie theater, casino, bowling alley and four pools, according to Bloomberg. The price tag: $500 million.
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Residential developer and film producer Nile Niami told Bloomberg the Bel Air mansion “will have almost every amenity available in the world.”
Dive Insight:
It’s unusual for a builder to invest in a spec house at an ultra-luxury price point. But a $500 million asking price is even more unique. In fact, the most expensive home ever sold was a $221 million London penthouse in 2011, according to Christie’s International Real Estate, Bloomberg reported.
The priciest home currently on the market is a $425 million estate in France.
