Will Bel-Air Set a New Record Sale

An Indonesian buyer is in contract to buy an amazing Bel-Air Mansion for $50 Million dollars. If this deal closes, the Los Angeles' Bel-Air will set a new record and will be the biggest residential real estate sale of the year. This beautiful Mansion has 10-bedroom, 14-bathroom and sits on 2.2 acres. Best of all, it has a ballroom seating more than 200, a music room and a 20-car motor court. The seller and home builder name is Mohamed Hadid, who also constructed Ritz- Carlton hotels in the late 1980s. Originally this home was listed for $85 million then dropped to $72 million. Mr. Hadid stated, he spent $59 million to build this home. Today's real estate market is great to be in due to the low interest rates and buying power.  In this market Cash is King! Contact me today so we can find your dream home or next investment.