The Price Of Bel Air


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TriBeCa? Mayfair?


Mere sink estates next to the filthy richness soon to be on offer in LA’s most exclusive precinct. To wit:

Nile Niami, a film producer and speculative residential developer, is pouring concrete in L.A.’s Bel Air neighborhood for a compound with a 74,000-square-foot (6,900-square-meter) main residence and three smaller homes, according to city records. The project, which will take at least 20 more months to complete, will exceed 100,000 square feet, including a 5,000-square-foot master bedroom, a 30-car garage and a “Monaco-style casino,” Niami said.

“The house will have almost every amenity available in the world,” he wrote in an e-mail. “The asking price will be $500 million.”

MORE: California Dreaming: Record $500 Million Tag on L.A. Home (Bloomberg)


(H/T: Carlos Carbunkle)

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