A palatial 70,000-square-foot estate in Bel-Air has recently hit the market with an asking price of $400 million. This monumental listing aims to surpass the current U.S. residential sales record of $238 million, set by Citadel billionaire Ken Griffin's New York penthouse in 2019. To break the California record, it needs to sell for more than $210 million, a benchmark established in 2024 by Oakley founder James Jannard's Malibu mansion.
The property, which took over a decade to complete and cost more than $350 million to build, was finished in 2018. It is currently owned by an entity linked to Qatar's ruling Al-Thani family, who acquired the raw land for $35 million in 2010. The family's extensive real estate portfolio also includes high-profile assets like London's Harrods and Manhattan's Plaza Hotel, with the Bel-Air estate serving as part of their international collection.
The mega-mansion sits on an eight-acre promontory and boasts 39 bedrooms and 59 bathrooms across a main residence and guesthouse. Designed by Peter Marino, the estate features three swimming pools, a pool house, a tennis court, a tennis pavilion, a hammam, and other luxury amenities. The listing agents, Jack Harris and Michael Fahimian of The Beverly Hills Estates, described it as a "once-in-a-generation asset," emphasizing that the money invested into its construction, estimated at over $350 million, exceeds its ambitious asking price. Property taxes alone are projected to top $1.4 million annually, and if sold at the asking price, the Measure ULA mansion tax would add an additional $23.8 million.
