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Los Angeles Spec House with nightclub, vodka tasting room asks for $139 million

The hills above Los Angeles are filled with glass box-style homes with hot tubs, gyms and home theaters, products of an arms race spawned by oversupply of speculative development in recent years. But a newly built Bel-Air mansion run by a spec-home gaming veteran takes add-ons to the extreme. The asking price? $139 million.

The enormous Bel-Air house has a vodka tasting room kept at sub-zero temperatures and outfitted with faux fur stoles to keep its occupants warm, according to listing agents Jon Grauman and Adam Rosenfeld of The Agency. . A glass-enclosed wine cellar houses a custom Murano glass art installation inspired by a dress once worn by former first lady Jacqueline Onassis. The house also has a nightclub with swirling crystal light fixtures and a rotating elevator for designer cars.

The seller is real estate investor and Los Angeles physician Joseph Englanoff. A limited company run by Dr. Englanoff bought the home site for $5 million in 2014, records show.

Dr. Englanoff has been involved in the construction and sale of several large Los Angeles homes and served as a lender on The One, a home that was once believed to be the most expensive in Los Angeles history. That house is now set to go up for auction later this month after its developer, mega-mansion king Nile Niami, clashed with lenders, including Dr Englanoff, amid cost overruns and delays.

Dr. Englanoff named the property La Fin, which means “the end” in French. Agents said the name was designed to signify that there is nothing bigger than this house, which buyers have come to the top.

The property has 12 bedrooms and more than 16 bathrooms, and agents estimate the home to be between 30,000 and 40,000 square feet. A 44-foot chandelier made from some 50,000 individual crystals drops down the center of the grand spiral staircase that connects the three floors of the house. The master bedroom has floor-to-ceiling walls clad in Italian oak, a marble fireplace imported from Portugal, and a wrap-around terrace with views from downtown Los Angeles to Century City. Its en-suite bathroom features 24 slabs of golden Calacatta marble on the walls, as well as showroom-style walk-in closets.

Other flashy amenities in the house include a ventilated cigar room, a home theater with motorized seats in imported Belgian leather, and a fitness center with a rock-climbing wall and several Peloton bikes. Outside, the pool features a 23-foot movie screen that rises on hydraulics and a bar with lighted swings instead of bar stools.

Mr. Grauman predicted that the house would appeal to an overseas buyer. “There’s definitely a level of opulence that you don’t encounter every day,” he said. “That might not necessarily be appreciated by the domestic buyer.”

In developing specific homes, “the name of the game is differentiation,” he said. “A club with a rotating car lift? These are things no one else does. »

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Richard Dement

The author Richard Dement