A buyer from Indonesia has put a 48,000-square-foot mansion under contract for $50 million in the Bel Air neighborhood of Los Angeles. It would be the biggest residential sale in the United States this year, if the deal closes.
The 10-bedroom, 14-bathroom property was listed originally for $85 million, and then reduced to $72 million. The seller is Los Angeles developer Mohamed Hadid, who built Ritz-Carlton hotels in the 1980s. He specializes in constructing supersized homes in the United States and Mexico.
Joyce Rey and Stacy Gottula of Coldwell Banker Previews International listed the property. The buyer hasn’t been identified.