The Price of Happiness is $72 Million


In February of this year, Mohamed Hadid put his Bel Air residence on the market for $85 million.  As reasonable of an asking price as that is, he has now decided to lower the listing to $72 million, a price that offers a lot of bang for the bucks.  Los Angeles Power Broker, Joyce Rey of Coldwell Bank—whom Haute Living profiled in the 2008 April/May Los Angeles edition—is the listing agent and believes this home presents a “remarkable lifestyle and great value.”

Hadid, best known for his developing of Ritz-Carlton hotels as well as old-world style mansions, is the creator of this 52,000-square-foot private home.  It adorns 2.3 acres on a prime Bel Air hillside, offering a 300-degree view of the surrounding city and mountains. Designed and decorated with the flair of his multicultural, worldly background, this beautiful piece of art has been perfected in every aspect—architecture, landscaping, design, décor, and amenities.  With a French-inspired, château-like exterior made of hand-chiseled stone imported from Jerusalem and furnishings from all around the globe including Turkey, Morocco, Russia, Mexico, and Iran, this palace is an impressive montage that could only come together by Hadid’s vision. Each of the 10 bedrooms, 14 bathrooms, two gyms, multiple kitchens, the 60-seat screening room, and the 250-seat grand ballroom were paid the utmost attention during the design process. Hadid even hired 100 artisans to hand-carve each ornate fixture for the house. The spectacular property—as well as Hadid’s unmatched business acumen—garnered Haute Living’s attention, and we ran a lengthy profile on Hadid and the property in our October/November 2008 Los Angeles edition.

The indescribable beauty held within this property is one of a kind. The glamorous charisma is captivating—and although they say you can’t buy happiness, now (for only $72 million) you can buy a beautiful mansion that is sure to bring a smile to your face.

Via Luxist