The doctor is not happy!
The modern showpiece known as Palazzo di Vista finally had its moment in the auction spotlight this week, but dermatologist-turned-developer Alex Khadavi tells CNBC the experience was “Horrible, Horrible, Horrible!”
Located at 777 Sarbonne Road in Bel Air, the modern home has been listed for $87,777,777, but the highest bid came in just under $45.8 million, according to Khadavi. As noted by CNBC, the auction failed to meet the $50 million reserve, the lowest amount Khadavi would entertain.
The ultra-luxe masterpiece features arguably one of the greatest views in Los Angeles––stretching from the San Gabriel Mountains to Palos Verdes, Downtown Los Angeles, Santa Monica, Malibu and the Channel Islands. Inspired by Italian mathematician Fibonacci’s way of thinking, Palazzo di Vista represents all elements of life while encompassing Fibonacci’s Golden Ratio.
The estate also leans heavy in an art lovers direction—including a $7 million art collection. Per the listing, a Non-Fungible Token (NFT) art gallery has been curated by MDP Art Curators, along with traditional curated print artwork. Physical artwork by the likes of Andy Moses, Shane Guffogg and Jimi Gleason is displayed throughout the home and includes NFT artists Ghost Girl and BigHead Music Producer. The home also features $1 million in furniture, including many custom pieces. The showstopper is, of course, the $250,000 custom Terezani chandelier, weighing in at 1,400 lbs!
The home itself boasts seven bedrooms and 11 baths between the main and guest house. Additional features include multiple seating areas, a secluded bar area, a chef’s kitchen, a tequila bar, oversized infinity pool, a master suite deck, home spa, a retractable DJ table, and a glass elevator within a Feng Shui Koi pond.
Mauricio Umansky of the Agency held the listing along with Aaron Kirman of Compass. Concierge Auctions handled the auction component. The company’s president, Chad Roffers, offered this statement via e-mail to CNBC:
“After a spirited auction, the bidding is closed and the high bid is in the hands of the Trustee. With over 80 qualified showings in the last 60 days, we are confident market value was delivered.”