Aaron Kirman Lists $150 Million Hilltop Mansion in Bel Air
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- čas přidán 2. 08. 2024
- Aaron Kirman just listed a $150 Million mansion in Bel Air California at 10721 Stradella Court, and the house is next level. This luxury mega mansion has never been lived in, it was designed by world renowned architectural firm Saoto, and it is loaded with every amenity you can imagine. In todays episode we look at this record setting mega mansion together, we talk about the billionaire owner, and at the end we talk about whether or not I think this home will sell for their asking price.
I hope that you enjoy this video and if you have comments please leave them below! See you next video!
-Scott
#aaronkirman
Disclaimer: This channel, and any communication shared during these videos, should not be taken as financial or legal advice. Viewers should retain their own legal counsel or financial expert(s) before making their own decisions. If you need legal advice, please contact an attorney directly. If you need financial advice, please contact a Certified Public Accountant or a Certified Financial Planner or other licensed professional. I (Scott Edward) am not a CPA, attorney, insurance, or financial advisor and the information in these videos shall not be construed as tax, legal, insurance, construction, engineering, health and safety, or financial advice. Opinions shared in these videos are my personal opinion and are for entertainment purposes only. And one more thing.. Links included in this description might be affiliate links. If you purchase a product or service with the links that I provide I may receive a small commission. There is no additional charge to you! Thank you for supporting my channel.
SEOTA properties are mind boggling incredible. Their attention to every detail, every proportion, the style, the finishes the everything. Is absolutely impeccable.
If I had to pick 5 of my favorites houses in the USA, 3 or 4 of them would probably be from SEOTA.
I like how they overprice homes (especially in Bel Air where it's easier to build than in Beverly Hills) and they eventually sell for $50 or something. They are not doing any favor to a Seller.
Seems like that’s the trend around there…
To generate buzz mostly
@@Real.Estate.ReportIt’s mostly just aaron
complete stupidity, subtract pre-owned add 3% value per yr, and in no way does that come to a 90 million dollar increase in your investment. If this was the case then billionaires would have bought all the real estate in California already ...this price is just comical.
I love Enes and Mikey’s videos. I’m totally addicted to them. Their work in Dubai was so amazing, such fun, including Enes driving around in that sports car.
Took a pause…I understand California real estate is a crazy market but unless the owners of this mansion finished with some amazing upgrades…helipad, Turkish spa, top of the line coffee maker and refrigerator drawers in primary bedroom, upstairs TV lounge and game room…lots of gaming machines in game room-including a golf simulator, Mrs PacMan, Outrun seated machine, high quality Foosball table, Mortal Combat 2 player, BRONZE Dubai skyline chest set displayed on an antique chess table-all fixtures and faucets Dornbracht Cyprum finish-a high-glass finish comprised of 18-carat gold copper-book matched Calacatta marble, bullet proof glass, incredible security system, the theatre room of all theatre rooms…you get the idea…I don’t believe this property increased almost a hundred million dollars in value. Plus the pictures of the kitchen are not very inspiring…certainly not a 150 million dollar kitchen. I assume the chef’s kitchen, surely it has one, must blow your socks off. Also the bedroom staging was gawd awful. Back to the video.
Thanks…
lmfaoo
I don't care for Enes. His name rhymes with Pe...
Oh never mind.
Lots of interesting info in a short amount of time. I always enjoy your videos.
Enjoyed this video. Would like to see you do more like this one. Thanks
I can do that! Thanks for the feedback Chris.
Got to admit whenever I hear these prices I think how many mansions could be built elsewhere for that money. I do think it's amusing for all these big mansions it's a "once in a generation", " unparallel views" ect
When you see this thing in its pseudo-minimalist design and let the asking price roll off your tongue, only then do you realize that this offer is either completely abstruse, or The One, San Onofre Dr., Bruce Malkowskys, or even Dr. Kanodias and all the works of Ramtin Ray Nosrati are being sold at way too low prices.
From this point of view, 10721 is either a joke, or even an insult to the aforementioned.
great information and view points. you do a great job of telling and illustrating a story.
Thanks Frank. Have a good weekend.
I’m convinced that most of these big dollar houses are some sort of money laundering. Ditto cars, watches and art.
You’re absolutely right Enes and Mikey need to get on this one!
Another good story Scott. Thanks for sharing.
Thanks Joe. Have a good weekend.
Great video thanks
They are asking 'The One' money for this 'Number Two'
Lol
The info in this video is incredible
Thank you I'm glad you enjoyed it!
Great video, Scott, but I don't think it will sell for a $150 million. Will be following this story.
if history is any guide, the transaction price will be about $75 million. Not a bad result.
That sounds like a realistic guess to me...
2:24 Only Century City is that close.
You're great at these kinds of videos.
Thank you!
a female realestate agent was trying to sell this house back when it was being built its on youtube somewhere
Great work as always mate
Thanks my friend
I said it before if I had the money I would have snapped up "the one" at that auction sale I thought it was truly an impressive structure.
Going into a recession makes perfect sense to spend $150 million.
Cash loses value due to inflation. Real Estate over a 10 year period is almost guaranteed to increase in value and beat inflation as long as the asset is maintained.
Dream listing 😍
Can you tell us about that 88,000,000 property at 6:49 ? Looks insane.
This house has a great view of The One. That's the $500,000,000 house that sold for $126,000,000. This one might, just might go for $75,000,000, but I wouldn't bet on it.
What does your sq footage cost include?
I think that view photo was Wilshire corridor
When you see bel air from the sky it looks like a high class ghetto , as dense as a flavela in Rio de janero in Brazil only not small houses 🏡 it’s mega mansions on mostly small plots . It just amazes me that there are so so many people who are so unbelievably rich … I mean how many people really can spend 50 million , 100 million , 150 million for a non income producing house 🏡 and who really needs so much space , who really has so much parties 🎉 that they buy house like a hotel just for non paying guests who get free food and drink 🍹 also … this whole scene is one massive asset bubble that’s going blow up soon 🔜 imo
The house seems really nice. I'd love to see an Enes Tour around it. Though one thing I personally would always miss in these mega mansions would be a basketball court :D
FYI the dead-on view from the pool shot is not downtown LA but is Century City
Thanks for clarifying... it was hard telling for me not being a local
It’s NOT worth 125% price hike. I doubt it’s even worth 60 million. Can’t justify this. Ever!
This☝️
I love Saota and this backyard. But the Living Room is cramped and not impressive. I also do not see a bar in any pictures or the video. For $100 Million I want a big fancy living room with a really nice bar.
That’s a good point about the bar… with 21,000 square feet though I imagine there’s more to the house. I’m surprised they didn’t capture it all in the photos
Enes is the best👍💯 he agreed👍
Regardless of all the controversy surrounding "The One", it still doesn't change the fact that it's an immaculate 105,000 sqft mansion & even when ppl had the opportunity to get it for a steal at auction, they still weren't lining up in droves. So I can't see this property going for $10mil more at 1/5 the size & that's the base price before all the taxes, closing cost & whatnot. It seems like the way they get the listing price is by putting a few different pieces of paper into a hat with single & or double digit numbers, like u do for surprise Santa. Then once they've pulled out whatever random number they add 7 zeros to it & that's how they get their listing price lol. I kind of feel bad for Aaron Kirman, he only gets 2% commission no matter what it sells for. I'm sure some of that 2% has to be shared by at least 1 other person on his team. And u know he's probably spent a fortune on marketing to ensure this home sells for the absolute most amount possible, in the shortest amount of time
nice house. and 12 car garage ! but its not finished in my style, i would have to put another 1m in it. 777 is more my style
Nicest home I’ve ever seen
Enes is the best😉😉
It will sell for land cost + building cost + 20% markup... anymore you might as well build it your self
That’s about $85M by my estimation
Are there alot of empty lots in the area with views like this to start new construction on?
Yeah and then have to wait years for it to be finished
@@joegreenbbka yeah, if your young, older folks don't have the time to wait.
Just think about it the one was so big property anyone ever can imagine and it had all the amenities and lots of unusual thing while this house is not so big like the one and doesn't have lots of amazing features. Why the asking price of this house is more than the one sales price. I can't understand that
I can't understand it either! Especially with them sitting right in the same neighborhood. Will be interesting to see where this one sells.
Rediculous💯
Today
$42,000,000 7 bd | 14 ba | 18,169 sqft
1108 Wallace Rdg, Beverly Hills, CA got sold.
Really?
Yikes, not a good comp for Sarbonne
I saw that. Orignal asking price for that home was close to $70 million I believe. Enes has a video tour on it. That home was more appealing than this one so I’d be shocked if this sells anywhere near this asking price.
Wallace Ridge is the one with the olive tree if I'm not mistaken correct? I thought Drake bought that for like 68?
los Angeles developer keep on making those IKEA furniture stores and overpriced them for mostly foreigners for quick money.
I have seen mansion tour of Spain, France, Dubai with 100 time better interior warm furniture for lesser price.
I can't wait for the developer to goes bankrupt with all the drama that came with and put the house in auction for half the asked price.
Only 9 bedrooms?
For $7,197 /sqft I might want something more than the same wood-paneled walls all over the house, and some marble and cement accents, the interior design overall is pretty monotonous (considering the price)... and it doesn't even come furnished because it is staged!
Nice 5 million dollar house.
Haha!
60 mill is the value…crazy price
That sounds about right!
What price do you guys think this one will sell for?
68 mill
75m
Anywhere from 65 mil to 80 mil at most
think the biggest factor is how long are they willing to wait to sell it - i think it will take a long time (more than a year) before negotiated price drops significantly (more than 40 mil?) - of course that is pure conjecture… hahah
Within a few million of asking. Why? Because I think Aaron is incorrect saying this is the Pinnacle of Luxury. Bel Air is the Pinnacles www.nps.gov/pinn/index.htm of Pinnacles of Luxury. What this is is the Pinnacle of Style which doesn't necessarily have everything to do with cost.
Good luck to them. Houses in this price range aren't selling well at all. Fredrik Eklund was just talking about this recently. In areas like this $20Mil houses are doing good. $40Mil are doing ok and everything over that is not doing good at all. I don't see them getting the price in this climate.
Tell Aaron I will give him 10 grand and a bag of Doritos.
This house might have sold for asking if it wasn't for the Nile Niami fiasco.
Can you do a video on manny khoshbins new headquarters
That’s a great idea… added it to my list!
@@Real.Estate.Report czcams.com/video/6x9FO_mXmuw/video.html
Another mcmodern in LA? How original. whatever happened to originality? It's all new construction in LA. Not even just spec homes. They all look the same!
The home the ONE is tough to beat? but these homes lack creativity you would think for price there no Aquarium s an the WATER effects llack Creativity, Creativity has been exchanged for size although room to recreate were the money coming from?
Pinnacle of Luxury? More like Pinnacle of Dry Walls.
$150M is too high of an ask even for a SAOTA designed house.
1200 Bel Air rd also had too high of an ask of $139M but at least we can see that the developer's put a lot of thought into it.
Unlike this house, yeah the architecture itself is great but the interiors and the finishes were meh... bland, boring and underwhelming for the $150M price tag.
And yeah his other listing 1108 Wallace Rdg on Trousdale sold for $42M which started @ $65M.
Kirman should have the integrity to say no to the price. It's douchy. It seems particularly counterproductive with current interest rates and a possible future of even higher interest rates that will put downward pressure on prices. Even the 60 mill in better times was very high. The One is an obvious comparison with a vastly superior view and lot and you could buy the one, raze it and build this one for 150. Ruan can be a clown but Kirman should say no.
Has LA luxury always been this hypey and scammey? it feels like a recent post covid phenomenon of listing houses at 3x market.
Btw the view isn't downtown. Downtown is way to the left of Bel Air. It's Century City.
"Once in a generation offering". Sure?
So, more expensive than the One sold for. Even 50 mil is too much.
The estimated monthly payment is $809,000.
Ouch..
150M and I can't even park my RV, Boats, Trailers on my property. I'll stick to the Ranch life.
Lol. This place is a guest house compared to The One. And yet, it's going for 10 million more! LA real estate is crazy!
Haha that's a great point. Never a dull moment out in that LA real estate scene..
Would say about 1/2 that price + $10M = $85 sounds about right.
That’s actually their goal… They know it won’t sell at their asking price. They are over-pricing it purposely to create media hype fully knowing it will only sell for about half of what they’re asking. Think about it… Even half of what they’re asking is still $15 million over what the owner paid for it 2 years ago. As crazy as it sounds… It’s a bold move that’ll probably actually work…
nice but just go to La Jolla and have money left over for ones island
@3:09 Is that graffiti in the kitchen?
I would get the Manor before buying this mansion.
I think the supply of luxury houses increased and people running from the crazy states.. the prices will crash eventually.
La La Land 😂
Guy would be lucky to make back his $60milloon
Nice but not worth near that asking price especially since The One is such a bargain. L. A. has so many negative factors, one being high tax on homes, so lots of people are leaving and there are too many choices to ask $7000 a square foot for a mega mansion.
Actually, California has artificially low property tax rates due to Prop. 13. The reason taxes get high is because of the sales price, not the tax rate, which is 0.73%.
California has a relative high income tax, but property taxes are relatively low and capped at 1% of assessed value (sales price). If market value falls, assessed value also falls and increases in assessed value are capped at CPI increases.
High property tax rates are not a reality in California due to Proposition 13 limiting the property tax rate to 1% of assessed value.
Oh, my mistake. That is right, it must be cheaper to live in L. A. which I why there has been a rush to buy mega mansions at or above asking price! Whatever the annual tax on homes in L. A. it is high enough, along with the exorbitantly high cost of living experiences for mega mansions, that they are selling far below the stupidity high asking prices these spec builders and others start the listings at. Then after months on the market, and many times financial difficulties, the prices are dropped dramatically. Sometimes even below half the advertised price. The One Bel Air is the most recent example with the Sarbonne Rd home debacle right behind it. Even the 1% annual home tax is burdensome when added to all the other expenses and challenges of living in L. A. But I would do it again if I had the disposable cash because I enjoyed myself so much when I lived there in the late 80’s. Of course I did not own property and my friends were multi millionaires so I got to party and be entertained by movie studio owners and big time agents. Went to all the parties I could handle. Not once did I partake in drugs but I have been known to drink my share of clear liquors. If they are clear they cannot hurt you, they are like water. Besides, I generally had a driver. 😎
@@kenjd57 Yes, it was your mistake saying that California has high property taxes. Nobody said it was cheap to live in Califotnia, but you were wrong about property taxes. Period. Stop acting like a child when you are corrected on your false statement.
I bought my house 2 years ago too for $330k, so I can sell it for $700k right.🙄
so Stradella is a Spanish name🤔?
If I had 150 million the last place I'd want to live is LA
la jolla any day
You can probably get the Spelling Manor for less than this lol.
Kirman is shady. He’ll tell the sellers their house is worth much more than it’s actually worth just to land the contract, then it sits until the owners settle for a number way under listing. It’s a pattern. Remember Mount Beverly Hills? Or The One?
$7000 a square foot…! The rich are far richer then we think. That is the difference between billions and millions.
LOL! 150 million for a 20,000 square foot mansion? Another property that will sit for a year or two. Kirman is doing his reputation no favors with these ridiculously priced homes.
That tiny shit plot can't possibly sell for that price. The frontage is tiny. And 0% they spent $6000 / sqft on improvements in 2 years. The finishes looks very basic & generic. The location isn't even that good.
They are looking for a rich sucker....let's see if they find one 🤫
Beverly Hills and Bel Air need trailer parks
never going to happen ...never.
Aaron is fine af
I have been in that house, it’s a complete dump. On well water and septic.
Nice mansion but it is not worth $150 million.
only a fool will pay this price.
Its way overpriced just wait for the next auction will fail horrible again like the one and the others
Not worth it!!
nobody is going to buy it for 60 mill $
Horrível mais cara que a The one
Overpriced
Hahah. This lonely shit hole will sell for 40 mill max , that too in auction.
Scott, let’s connect on LinkedIn. I may have a project you want to discuss in Newport
I don’t have a LinkedIn but you can email me at scottedwardllc@gmail.com
@@Real.Estate.Report Scott, I sent you an email from my account CEO@UzyFinancial.com
When you see this thing in its pseudo-minimalist design and let the asking price roll off your tongue, only then do you realize that this offer is either completely abstruse, or The One, San Onofre Dr., Bruce Malkowskys, or even Dr. Kanodias and all the works of Ramtin Ray Nosrati are being sold at way too low prices.
From this point of view, 10721 is either a joke, or even an insult to the aforementioned.