The Bel Air behemoth known as La Fin – once the crown jewel of speculative excess – has returned to the market at $99.9 million, slashed by a staggering $40 million from its original $139 million ask in 2022, Realtor.com reports.
The 1200 Bel Air Road estate, the brainchild of former emergency-room physician turned developer Joe Englanoff, spans more than two acres in one of Los Angeles’s most impenetrable enclaves and has 12 bedrooms, 17 bathrooms, sweeping panoramic views of the city below, and separate quarters for staff and guests.
The massive mansion features include a 44-foot crystal chandelier, an automated six-car vehicle elevator display system, a roughly 6,000-square-foot entertainment level with wine cellar, sub-zero vodka tasting room and cigar lounge, an infinity pool paired with a 23-foot retractable LED screen, and a rooftop deck with spa and fireplace, according to Fox Business.
The listing has rotated through an unusually high number of agents and currently involves teams from Christie’s International Real Estate Southern California, Sotheby’s International Realty, Douglas Elliman, and Compass. As a ploy to entice new money potential buyers, the seller will accept crypto to get the deal done.
Yet agents are hilariously quick to frame the eye-watering cut not as a market funeral bell, but as a calculated recalibration.
“This isn’t weakness,” Cory Weiss of Douglas Elliman claimed in a statement to Fox Business. “It’s precision. Ultra-luxury has left the realm of aspiration and entered the domain of disciplined valuation. In Los Angeles, the buyers at this altitude are global, sophisticated, and ruthlessly value-conscious. When price finally syncs with interest rates, liquidity constraints, and opportunity cost, the serious players re-engage.”
“High agent turnover rarely signals a property nobody wants; it usually reveals a mismatch between strategy and expectation,” Weiss added. “La Fin has already weathered multiple market storms – near-zero rates, geopolitical tremors, tax-code whiplash. It endures.”
Today’s ultra-high-net-worth buyer, Weiss explained, no longer chases trophies for the sake of spectacle.
“They are thesis-driven: high-profile entrepreneurs, private-equity titans, family offices purchasing with generational horizons in mind. Five years ago, scale and shock value closed deals. Now the mandate is privacy, security, architectural flexibility, and a coherent lifestyle narrative – bragging rights are no longer enough.”
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