After a dramatic seven-year renovation, an $87 million mansion hits the market in Bel-Air

After a dramatic seven-year renovation, an $87 million mansion hits the market in Bel-Air

Key Points 777 Sarbonne Road in the Bel-Air section of Los Angeles recently hit the market with an asking price of $87,777,777.

Many of the home’s architectural details were designed in measurements that are multiples of seven, and it took seven years to renovate the property.

The Bel-Air mansion’s makeover was nearly a total teardown, its owner said. Only one wall from the old house is still standing.

The home’s dramatic view of Los Angeles is protected by an easement.

A view of the driveway leading to the residence at 777 Sarbonne Road in Bel-Air, California. Seven is a magical number for one of Bel-Air’s priciest spec homes.

The glass and marble palace located at 777 Sarbonne Road i n Los Angeles hit the market last month with an asking price of $87,777,777.

The triple sevens in its address and price tag are just the beginning. Many of the home’s architectural details were designed in measurements that are multiples of seven.

There’s a giant front door made of glass that stands 14 feet tall and the ceilings in the massive living room are 21 feet high. At the end of the driveway, three oversized sevens measure 7-feet, 7-inches tall.

The seven-bedroom, 11-bath residence is owned by cosmetic surgeon Dr. Alex Khadavi.

“Seven is a number and theme that has affected me in every important aspect of my life,” Khadavi said in an interview, “from the age I came to America, to the floor level of my condominium.”

Khadavi, who came to the United States in 1979 from Tehran, is 48.

And notably, the home has been seven years in the making, and its dramatic before-and-after photos reveal a startling transformation.

CNBC first reported on the property in 2014, when the site was home to an outdated stucco mansion purchased by Khadavi for $16 million. The doctor’s real estate broker, Aaron Kirman, told CNBC that a couple of months after Khadavi bought it, he received a $24 million offer from a developer who was looking to buy the unimproved property to tear down the old home and build a new one in its place. Instead of accepting the offer, which was an $8 million profit from his purchase price, Khadavi decided to develop it himself. He hired Ali Rad Design and began a seven-year journey to give the old mansion a facelift.“Facelift is an understatement, but yeah, seven years and so many millions, I don’t even want to know how many,” said Kirman, who now co-lists 777 Sarbonne with Mauricio Umansky of The Agency RE.The mansion makeover was nearly a total teardown, its owner said. Only one wall from the old house is still standing. It’s in the modern home’s new living room.Gone is the red paint and black wrought iron walkway. Now, it’s sleek white walls, polished Carrera marble floors and a 21-foot-tall wall of glass that opens to jaw-dropping views of Los Angeles.Khadavi also built a secret into the living room that’s designed to dazzle guests. With the touch of a button, a portion of […]

Click here to view original web page at www.cnbc.com