What a $40 million price drop says about the luxury housing market

What a $40 million price drop says about the luxury housing market

A Bel Air mansion billed as the most expensive home for sale in the U.S. reduced its asking price by $40 million, bringing it to under $100 million.

America's Most Expensive Home's $40 Million Price Cut Shocks Luxury Market

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America’s Most Expensive Home’s $40 Million Price Cut Shocks Luxury Market

America’s Most Expensive Home’s $40 Million Price Cut Shocks Luxury Market 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 on…