on spec

(Wall St. Journal)

Yet another Beverly Hills mansion that was built on spec has hit the market. According to the Wall St. Journal, a fully-furnished, 15,000 square-foot modernist home on a 1.1-acre lot is now available for $48 million.

This property is just the latest high-priced spec home in Beverly Hills to hit the market. There have been several others with list prices in excess of $100 million, including this 38,000 square-foot doozy on land previously owned by Barbara Streisand that was listed this spring for $150 million.

The spec home in question was built by Sacramento-based commercial real-estate developer John Saca. The WSJ reports Saca purchased the property $8.5 million in 2013. He subsequently tore down the existing craftsman home once owned by actor James Woods and constructed the current dwelling on spec.

It’s described as a “modern barn”-inspired compound highlighted by a gallery with 28 pieces of fine art by artists including Pablo Picasso and Andy Wharhol. The house itself contains six bedrooms, seven full bathrooms and three half baths.

Agents for Saca told the WSJ the home was designed to stand out from other Beverly Hills homes built on spec, which tend to be white on white, by using darkly-stained cedar wood for the exterior. As you can imagine, there are also plenty of amenities on the property. These include a 210-foot infiniti-edge pool, 22 person home theater, wine room and outdoor entertaining pavilion.

This property truly sounds like the lap of luxury. You can click here to see additional photos.