Big home, big deal: The Manor in Holmby Hills sets new L.A. County price record at $120 million

[Zorro]

Los Angeles’ ailing luxury market just received a proverbial shot in the arm: The Manor, a 56,500-square-foot chateau in Holmby Hills, has sold for $120 million — the highest home price in L.A. County history.

The sale has yet to appear in the public record, but it’s a “done deal,” according to sources not authorized to publicly comment on the nine-figure transaction.

The astronomical transaction represents another notch in the belt for the county, which saw its price record shattered last year following the $110-million deal for Peter Morton’s Malibu beach house.

It’s the fourth sale of $100 million or more in L.A. historically and the third in Holmby Hills, which saw two record-setting sales of $100 million in 2016: for the sale of the Playboy Mansion, and for a nearby mega-mansion built on speculation.

https://www.latimes.com/business/realestate/hot-property/la-fi-hotprop-manor-holmby-hills-120-million-price-record-20190701-story.html

[Brother Buzz]

1. For those of us, like me, who are timed at at LA Times

[GReedDiamond]

3. Wow!! Wutta Steal!!! Congrats to the Winning 'Mercan or not Oligarch!!!! nt

[smirkymonkey]

4. What a monstrosity!

Who needs that much space? Besides, it is ugly, vulgar and ostentatious. I don't understand why people need to so extravangantly, even if they have the money. There are much better things - in my opinion - that they could be spending that money on.

Even if I had all the money in the world, I would not want some huge, sprawling mansion. It just seems so obnoxious to live in a place like that when there are so many homeless and starving people in the world.

[Tech]

2. There are 50,000 to 60,000 homeless in la county.

I hope some of the taxes for high priced homes goes to relieve homelessness.

[mr_lebowski]

5. 53K sq ft? You know, for only 1/2 of that, you can get a NICE 4300 sq ft. Apartment in Hong Kong!

These people don't know how to spend their money. Look at this VIEW!

https://www.sothebysrealty.com/eng/sales/detail/180-l-83611-krjzv9/-sole-agent-no-1-po-shan-road-mid-levels-hk

[DFW]

6. Well, rats. My budget topped out at $95 million, so it was out of the question for me.

Well, OK, come to think of it, my budget topped out at somewhat under $95 million, but that's OK, I wasn't REALLY interested in moving anyway.....

[diva77]

7. looks like a sanitarium

They're using too much water for that lawn - better replace it with astroturf

[Vinca]

8. It's only got 27 bathrooms. I couldn't live like that. Have to have at least 30.