That's what L.A. developer Mohamed Hadid, who built many of the Ritz-Carlton hotels in the 1980s, is asking for a 48,000-square-foot Bel-Air mansion. Hadid tells the WSJ that he paid about $7.5 million for the land six or so years ago and spent another $59 million to actually build the place (most everything is custom made). The property has a pool and tennis court, of course, along with a 20-car motor court and seven fountains. Hadid is known for building high-end homes on spec, a pretty risky business these days. Late last year, he lowered the price of a 12,000-square-foot home in Bev Hills to $12.9 million from $16.5 million.
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