Sale of 'Le Belvedere' sets new record for 2010
More on the long rumored sale of the Bel Air mansion "Le Belvedere" in today's Los Angeles Times article, "Bel-Air mansion fetches highest price this year for a U.S. residence."
In a nutshell:
Although he wouldn't release the sale price, seller Mohamed Hadid confirmed that it was in excess of the previous record of more than $46.5 million set this spring in Colorado, falling between $50 million and the asking price of $72 million. In Los Angeles County, sale prices can take more than a month to appear on the public record.Designer-developer Hadid had listed the walled and gated estate 15 months ago at $85 million.The 48,000-square-foot estate, called Le Belvedere, was bought in the name of a limited liability company, not an individual. "Even I don't know who bought it," said Hadid, who has built Ritz-Carlton hotels, office buildings and king-size estates nationwide during his 30-year-plus career.
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