LA nets biggest deal yet this year at $62.8M for spec mansion

The European-style home is located in the Hollywood Hills’ coveted Bird Streets. The sale marks a breakthrough for a market that’s been crippled by high interest rates and a mansion tax. Continue reading

Site for Mohamed Hadid’s troubled spec mansion lists for $68M

The LA luxury developer is being forced to sell the 27-acre site, which was slated for an elaborate mega mansion, after a creditor tried to foreclose on the property and Hadid filed a bankruptcy petition. Continue reading

Can a mega-mansion in Paradise Valley bring in a record $75M?

The state’s priciest-ever deal sold for $28.1 million in Scottsdale in June 2022, but with the lure of features like a metaverse room, a spa that generates snow and a lazy river, developers in Paradise Valley think they can get $75 million for an estat… Continue reading

One-time $100M Bel Air mansion falls to Earth with huge price cut

“Realistically in this market, this is what it’s worth – it’s priced to sell,” said Shawn Elliott of Nest Seekers, one of the agents who listed the property last week. Continue reading

$8,733 per square foot? A Laguna Beach spec home breaks a record

Tim Smith of the Smith Group at Coldwell Banker Realty closed the record-breaking deal after receiving multiple offers on the 5,000-square-foot Orange County, California, property. Continue reading

Hamptons home slated for completion in 2024 seeks $50M

The property, developed by renowned LA-based architect Roman James, will sit on seven acres of land at the highest point in Water Mill, New York, offering stunning 280-degree views. Continue reading

An exclusive preview: The biggest luxury deals of 2022 (so far)

Here’s a preview of what’s to come as we kick off Luxury Month and dive into the biggest market trends of 2022. Check back next week as Inman ranks the biggest deals of the past 12 months. Continue reading

Rockstar Energy Drink founder sets Utah record, $39.6M home purchase

Paul Benson of Engel & Völkers represented both Weiner and the seller, development company Iluminus Group, in the spec home deal. Continue reading

Debt-ridden Bel Air mega-mansion fails to nab $50M target at auction

As of the auction’s closing bid on Monday, celebrity botox doctor Alex Khadavi’s Bel Air mansion had gone for $46.76 million, below the $50 million reserve price set by bankruptcy courts. Continue reading

Palm Beach spec home brings in $50M

The 14,000-square-foot spec mansion located in Palm Beach, just a few streets north of Mar-a-Lago, sold to an unknown buyer. Continue reading