[custom_adv] A Los Angeles megamansion in Los Angeles that was once the most expensive listing in the US has finally sold after three years on the market - at a whopping 62% discount. [custom_adv] The Bel Air mansion, nicknamed "Billionaire," got its first price cut 15 months after it hit the market, in April 2018, when it was relisted for $188 million. The price was cut again in January 2019 to $150 million. [custom_adv] Other over-the-top amenities include a non-functional rooftop helipad, an 85-foot infinity pool, a 40-seat movie theater, a massage studio and wellness spa, a bowling alley, and a massive candy wall. [custom_adv] The Bel Air home was listed by Branden Williams and Rayni Williams of Hilton & Hyland and Shawn Elliott of Nest Seekers. [custom_adv] While the deals are evidence of demand for high-end real estate in the Los Angeles area, particularly from overseas, the sales have only made a small dent in the glut of properties on the market. [custom_adv] Unlike a lot of spec home builders who rely on hefty loans to build, Mr. Makowsky was in the unique position of being self-financed. He made a fortune selling affordable leather bags on home shopping channel QVC. [custom_adv] Located in Bel-Air, the four-level home has 12 bedrooms and 21 bathrooms, three kitchens, five bars, two wine cellars, a four-lane bowling alley, a helipad, a gym, a wellness center, a gaming area and an 85-foot-long infinity pool. A massive movie screen rises up from behind the pool. [custom_adv] After several reductions, it has found a buyer for around $94 million, according to people with knowledge of the transaction. [custom_adv] Once America’s most expensive home, this massive Los Angeles spec house developed by Bruce Makowsky packs in a candy room, a James Bond-inspired movie theater and a bowling alley.
