Developer Set Earlier Record

Mohamed Hadid set a record in 2010 for the highest priced home in the Los Angeles area.  That house in the exclusive neighborhood of Bel Air went for $50 million.  That sale was said to have been a signal that the real estate downturn had ended, at least at the high end of the market.  Now the same developer is back in the game marketing another colossal estate inBeverly Hills for $58 million

The new house is only a few miles from the Bel Air mansion.  The Santa Monica Mountains in this area sport a series of high priced enclaves that run all the way to the coast at Pacific Palisades and then continue to the northwest into miles of high price Malibu real estate.  This latest home is called the Crystal Palace.  Its $58 million asking price qualifies it as one of the costliest homes ever to be marketed in the country.  Coldwell Banker Previews International is handling the sale

Hadid has stated that he built the house intending to use it for himself, but has decided to list it to see if there is another person out there who might be interested in purchasing the property.  Hadid gained renown in real estate circles for developing hotels in the Ritz Carlton chain.  Viewers of “Desperate Housewives” might recognize him as a chum of Lisa Vanderpump

Hadid worked for fifteen months on the creation of the Crystal Palace.  The house is three stories high and contains 48,000 square feet of living space.  The inside is filled with such expensive rarities as Iranian marble.  The home is set on a one acre parcel that adjoins the Beverly Hills Hotel

No Expense Spared

The house contains seven bedrooms and eleven bathrooms.  It is built in the French chateau style.  Beyond the formal reception hall of the main entrance lies a large gallery for displaying art.  There are formal and informal dining rooms, a library with leather paneling, a family room with lounge and bar, and the front door is of etched glass

The master suite on the third floor features a balcony with a chandelier.  It also has his and her bathrooms.  The ladies room contains a fireplace.  The male bathroom has a hidden staircase that climbs to a 3,800 square foot rooftop garden

There is space underground as well including a 5,000 bottle wine cellar with an attached dining room.  A ballroom on this level has guest seating for 200 people with an adjoining commercial kitchen.  Nearby are a screening room that will fit forty viewers and a 12 car garage.  In keeping with Hadid’s Middle Eastern heritage, there is a Moroccan inspired lounge, and a Turkish bath with steam room and thirty foot long indoor pool

The grounds contain a sixty foot long Infinity pool and a hot tub that will contain twenty people.   There is an outdoor kitchen, three outdoor bathrooms, and a dining area that seats one hundred