The L.A. mansion market seems to have no bottom.
Case in point: Somma Way, an opulent manse that’ll broadcast its party lights from the top of Bel Air the way Commissioner Gordon does the bat signal in Gotham.
The residence is a teardown of an estate built in 1960: they added 40,000 square feet of interior space, and if that’s not enough, the 2.5-acre lot next door is also for sale. It’ll only have eight bedrooms, which for 40,000 square feet sounds skint, especially considering there are 21 bathrooms. Then you realize what the house has going on elsewhere: six bars, a wine storage room that feels more like a trophy room, and multiple lounges and living rooms. Plus: a recording studio and indoor/outdoor cinema. Based on the video above, it appears there is also a multi-car garage/showroom that leads into a basketball court.
The property will set someone back $75 million.
According to the MLS, there are currently 36 properties at this size and price point in the L.A. market, which means we might be in the midst of a serious glut at the highest end of the market. Translation: if you like what you see here, maybe wait a spell before ringing your banker. Prices can — and likely will — drop.
Where most new mansions skew towards a boxier, more modern aesthetic, Somma Way is Spanish Revival through and through. Think Tony Montana’s house, blown up to Jay Gatsby proportions. The finishes appear to be done in marble, slate and lacquered wood, which should lean the place that clean, empty feeling that many L.A. mansions favor.
So much room for activities.
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