Bel Air, CA: A spec house has come to market in the Bel Air neighborhood of Los Angeles with an asking price of $88 million, making it the second most expensive home publicly listed for sale in the neighborhood and, if it were to sell at that price, it would be one of the most expensive sales for the city.
The property was built by by L.A. developer Ardie Tavangarian, of Arya Group—who is already known for building some of the most expensive properties in the city as well as homes for famous folks such as entertainment impresario Jeffrey Katzenberg and Hard Rock Cafe cofounder Peter Morton (who himself set a price record for L.A. with the $110 million sale of his Malibu home in the spring of this year). Link Source
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