Pair Of Spec House Giants Compete for Top Sale in Los Angeles
Posted Thursday, May 23, 2019 - 6:51 pm
By Victoria Talbot
Amidst a deepening slowdown in luxury home sales, two big spec developers with megamansions next door to each other in Bel-Air have slashed their prices.
Rhinoplasty surgeon Dr. Raj Kanodia spent a reported $50 million to develop a 1.2-acre property that hit the market last July for $180 million.
The 34,000 square foot residence is right next door to Bruce Makowsky’s spec house that was originally priced at $250 million. The price has been cut first to $188 million and then in January, $150 million.
For full story see the print edition of The Beverly Hills Courier, or download the e-edition.