Los Angeles Mansion Shoots for a Record $135 Million
The developer of this Beverly Hills property sold another spec home to Detroit Pistons owner Tom Gores for $100 million in 2016
The developer who sold a Los Angeles spec home to Detroit Pistons owner Tom Gores for $100 million in 2016 is listing another property for $135 million. If it sells for that amount, the transaction would represent the highest price ever paid for a Los Angeles home.
The record price for a home was set earlier this year by the $110 million sale of Hard Rock Cafe founder Peter Morton’s Malibu mansion.
According to a spokeswoman for Coldwell Banker Global Luxury, the firm listing the property, the estate is within Wallingford Estates, a gated community in the Beverly Hills Post Office area. Sitting on an over 5-acre mountaintop site with multiple private gated entrances, the main home totals approximately 31,000 square feet, with seven bedrooms and a roughly 5,000-square-foot master bedroom. The estate also includes a caretaker’s house, a two-bedroom guardhouse, garages for 10 cars and additional parking around the property for more than 80 cars, the spokeswoman said.
A sports facility on the site includes a basketball court, a gym, two tennis courts and a boxing ring. There is a glass gallery overlooking the space as well as a sports bar and an outdoor lounging area. The facility also has an 155-foot-long infinity pool overlooking the surrounding canyons.
The seller is developer Gala Asher, the spokeswoman said. Mr. Asher bought the property for $22 million in 2016 from a trust controlled by Jeoung Lee, a health care entrepreneur, records show. The home was originally built to resemble “Le Petit Trianon,” Marie Antoinette’s private château in Versailles, according to a previous listing for the property. Mr. Asher completely overhauled the home, updating its château-style facade to include more modern elements. Parts of the old house were demolished and new parts were built. He also added a whiskey lounge, a wine cellar, a cinema, three elevators and a salon and spa, according to the listing.
Mr. Asher declined to comment, as did his wife, listing agent Ginger Glass of Coldwell Banker Global Luxury.