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New Bel Air Mansion Listed for $36.5 Million After Nine-Year Build
Sentiment: NeutralHigh Priority
What Happened?
A newly built mansion in Bel Air, Los Angeles, is on the market for $36.5 million after a nine-year construction process. The 10,946-square-foot home features extensive use of reinforced concrete and luxury amenities.
Key points
- The mansion spans 10,946 square feet and is built on a 0.59-acre lot.
- It was developed by Tim McElwee and designed by architect Jeffrey Eyster.
- The construction utilized approximately 4,500 tons of reinforced concrete.
- The property features six bedrooms and nine bathrooms, including a primary suite with a private roof garden.
- The asking price of $36.5 million is not a confirmed sale value.
- The property listing highlights the unique architectural style and luxury amenities.
Key insights
- The mansion's unusual construction style may attract buyers looking for distinctive properties.
- The lengthy development process highlights challenges in luxury real estate projects.
- The asking price could influence market trends for similar high-value properties.
Why it matters
The listing reflects the significant investment in unique architectural designs in high-end real estate markets.
Tags
Entities
Tim McElwee· PersonJeffrey Eyster· PersonBel Air· LocationLos Angeles· City
Source
Times of India
