Those that follow luxury real estate in Los Angeles have likely heard the name Bruce Makowsky. He is the handbag tycoon that’s developed several ultra-luxurious homes in L.A.’s Platinum Triangle (Beverly Hills, Bel Air, Holmby Hills) in recent years, and who is showing no signs of slowing down.
Makowsky’s latest project is a move-in ready megamansion in Beverly Hills that he built on speculation. It is now being offered for sale with a sticker price of $85 million. If nothing else, Makowsky is certainly not scared to take a chance. But given the state of the ultra high-end housing market in Los Angeles, many experts believe Makowsky is destined for success with the project.
“The air is very thing at the ultra-luxury end of the market,” housing analyst Paul Habibi told the Los Angeles Times. “However, there are currently a few different factors providing strong tail winds to this segment.”
Makowsky has already built and sold five megamansions in Los Angeles and three more are in the pipeline. As the Times notes Makowsky “appears bent on reinventing the ultra-high-end market for contemporary homes in the well-heeled Platinum Triangle.”
This Beverly Hills megamansion sits on nearly an acre of land in the Trousdale Estates neighborhood of Beverly Hills. It has eight bedrooms, 15 baths and the array of features are dizzying. For a closer look at the potentially $86 million home, you can view the complete Times article here.
Makowsky appears to be on to something here, as the consensus is move-in ready megamansions are growing in demand among the riches of the rich. They prefer not to wait the several years it takes to build a dream home, but instead find one that’s ready-to-go and meets their needs and tastes.