Behold the ‘$500M’ Bel Air mansion: heading to foreclosure auction

California’s largest spec mansion, once asking $500 million, is drowning in $180 million of debt and will be auctioned next month.
Marc Angeles

A blown-up Bel Air, Calif., mansion that started life as a $500 million whisper listing in 2017 is now drilling a $180 million mountain of debt. It formally hits the market for $295 million on Jan. 10 and will be on the auction block a month later — the most recent example of a hyped Los Angeles mega mansion that stop working.

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