Last month, one of the most expensive houses ever sold in Los Angeles went to an anonymous buyer from China, who paid $75 million to close the deal. This house is not just a structure; it is an impressive behemoth worthy of the price tag in both size and grandeur. Spanning almost 25,000 square feet of luxury, along with an additional 20,000 square feet of outdoor terraces, patios, and garden space, it truly redefines opulence and elegance, as reported by the Wall Street Journal.
The seller of this magnificent property was Ardie Tavangarian, the founder of a renowned Los Angeles construction and design firm called Arya Group. This home serves as a testament to Tavangarian's own talents in construction and design. He had originally intended for this dream house to be a family residence, but as often happens with ambitious projects, it grew beyond its original plans, ultimately leading to his decision to sell.
In 2014, Tavangarian acquired the property for a little over $11 million. After nearly four years of extensive rebuilding and expansion, the asking price had soared to $100 million before finally settling at $88 million when it was listed for sale. The mansion boasts nine bedrooms, twelve baths, and unique features such as a two-story deck at the back, designed by Tavangarian himself, which acts as a massive "picture frame" for the stunning Los Angeles skyline.
| Detail | Information |
|---|---|
| Price Sold | $75 million |
| Square Footage | 25,000 square feet of luxury |
| Outdoor Space | 20,000 square feet |
| Bedrooms | 9 |
| Bathrooms | 12 |
| Previous Owner | Halsey Minor |
| Original Purchase Price | $11 million |
The house has a fascinating history even before its grand redesign by Tavangarian. He bought it in a bankruptcy sale after its previous owner, CNET's Halsey Minor, faced financial troubles despite once holding a value of over $200 million. This property is not just a home; it is a chapter in Los Angeles real estate history.
To truly appreciate this $75 million mega-mansion and its luxurious offerings, watching the property in a video from Williams & Williams Estates Group is a must!
