The luxury real estate market is seeing an increase in activity and firming up of prices. Luxury homes are finding buyers relatively easily. The Bel Air neighborhood of Los Angeles has an abundance of luxury real estate. Le Belvedere was declared the most expensive home sale in 2010 as it fetched a price of around $50 million. It is the same developer who has brought another Los Angeles area home to the market. Located in Beverly Hills, the mansion that goes by the name the Crescent Palace has been listed for $58 million which makes it one of the most expensive homes for sale in US. It could also find a place in the list of celebrity homes for sale as Mohamed Hadid, the owner became known as the friend of Lisa Vanderpump in the show ‘The Real Housewives of Beverly Hills’.
The Chateau Style Mansion Next to Beverly Hills Hotel
The listing is being handled jointly by Stacey Gottula and Joyce Rey of Coldwell Banker Previews International. Mohamed Hadid who has worked extensively on developing Ritz Carlton Hotels had built the luxury home in mere 15 months but felt that there must be someone out there who would love to own and use the house. The 48,000 sq ft limestone mansion features three levels and some of the most luxurious amenities. Spread over one acre the house is situated just next to the Beverly Hills Hotel. The house has been designed in the French Chateau style and features a total of seven bedrooms and eleven interior bathrooms.
The Crescent Palace Amenities
The highlight of the mansion is a formal 90 feet gallery for displaying art work. The house boasts of a formal reception area, formal and informal dinning rooms, a family room with bar lounge, a leather-paneled library, and an etched-glass front door. The master suite located on the third floor features a chandelier-bedecked balcony and dual bathrooms. The highlight is the 3,800 sq ft rooftop garden. The mansion is loaded with amenities. There is an entire floor of basement which features a 5,000 bottle wine cellar with dining room, a ballroom that can seat up to 200 guests, a full gym, a 40-person screening room and a 12-car garage.
The Mansion by developer Hadid
The mansion has also benefitted from the Middle Eastern heritage of the developer Hadid. He has added touches from the region that enhance the luxury feel of the property. He has incorporated a Moroccan-themed lounge and a Turkish hammam with 30-foot indoor pool in the luxury property. In addition there is a steam room and an attached massage area. The outdoor areas are also well developed and boast of several entertaining options like a 60 foot infinity pool, a 20-person hot tub, an outdoor kitchen, a dining area for 100 guests. There are three bathrooms in the area and three outdoor fireplaces. And as the cherry on the cake you have two cabanas decorated with beds and sparkling chandeliers. The grounds are landscaped and boast of four rose gardens, olive and magnolia trees, two fountains and a pond which has real-life swans. Hadid is already planning a large project on a 107 acre plot which will also include a vineyard.