The biggest spec house in L.A. has gotten even bigger. The finished project will be more than 100,000 square feet and it’ll feature a 74,000-square-foot main house, with a 5,000-square-foot master bedroom, a 30-car garage, a “Monaco-style casino,”(?) and three smaller houses spread across four acres. Prolific spec house builder and movie producer, Nile Niami says;
“The house will have almost every amenity available in the world.”
There will apparently be thousands of gallons of wasted water too. One pool is just dull, if you have the $500 million price tag, you want four pools, right? This palace will have one underground, another on the second level of the mansion and two more outside, according to permits. In the middle of a devastating statewide drought that has provoked mandatory water cutbacks, it will have all those pools plus 20,000 square feet of grass. The mansion’s architect, Paul McClean, says;
“There a lot of things in the house that will help to preserve water. But those are things that correspond with luxury houses, and I can’t tell you that it’s a green and energy-efficient house.”
Originally, the plans called for five pools, so getting rid of 20% of your pools, that’s conservation, right?
The LA Business Journal estimated last year that the project would ask “in the $150 million-plus range.” Jonathan Miller, president of appraiser Miller Samuel Inc. told Bloomberg;
“I’m skeptical. My first reaction is laughter. But we’re in this perpetual state of surprise as new thresholds are broken.”
As a comparison, the new, 200,000 square foot Whitney museum cost $440 million to build –in Manhattan. If it sells for even half that, it’ll still be the most expensive sale in the U.S. I’d say, they need some better marketing materials because these renderings look like a place you could get (in Miami?) for about $25 million.
(T/Y Tad; via LA Curbed)