Los Angeles Mega-Mansion Slashes Price to $99.9 Million, Now Welcomes Cryptocurrency Offers
‘Million Dollar Listing’ agent Josh Altman speaks exclusively to Fox News Digital about his new partnership with Home Value Lock, allowing buyers to cover up to 10% of their home purchase price if sold within three years of a market downturn.
A Bel Air mega-mansion featuring nightclub-level amenities and museum-style car storage is back on the market for just under $100 million, following a significant price reduction from its original listing of $139 million.
Known as “La Fin,” this stunning property is now listed at $99.9 million and has become Realtor.com’s most expensive listing in America for the week ending January 22. Initially hitting the market in 2022, the reported seller, former emergency room director Joe Englanoff, enlisted seven agents to help promote the property.
“A reset like this doesn’t signal weakness; it signals recalibration. Ultra-luxury is no longer aspirational pricing; it’s precision pricing. In Los Angeles, buyers at this level are disciplined, global, and value-driven,” said Douglas Elliman’s Cory Weiss in an interview with Fox News Digital. “When pricing aligns with today’s realities—such as interest rates and liquidity—serious conversations can resume.”
Weiss also noted, “High agent turnover usually reflects a mismatch between strategy and expectations, not a lack of interest in the asset itself. This property has navigated multiple market cycles, from ultra-low rates to geopolitical uncertainty and shifting tax dynamics.
CALIFORNIA RESIDENTS FACE BRUTAL CHOICE ONE YEAR AFTER LOS ANGELES FIRE DESTROYED THEIR LIVES
Located at 1200 Bel Air Road, La Fin boasts 12 bedrooms and 17 bathrooms, sitting on over two acres of land with breathtaking views of Los Angeles. This exclusive property also includes separate residences for staff and guests.
An aerial view of mansions in Bel Air, California. (Getty Images)
Among the standout amenities are a 44-foot chandelier made of 55,000 crystals, an automated six-car vehicle elevator display, and a 6,000-square-foot entertainment level featuring a wine cellar, vodka tasting room, and cigar lounge. The property also boasts an infinity pool with a rising 23-foot LED screen and a rooftop deck complete with spa and fireplace features.
Some features extend beyond lifestyle into investment-grade luxury, including custom Italian furnishings, Calacatta gold marble, commercial-grade catering facilities, and advanced security systems.
Weiss emphasized, “Amenities that win are those that integrate into daily life. Wellness facilities, seamless indoor-outdoor flow, smart security, and turnkey functionality are in demand. What’s losing relevance are novelty features that photograph well but rarely get used. Buyers are asking, ‘Will this improve my life?’ not, ‘Will this impress my guests?’”
FOX Business’ Max Gorden has the details from Los Angeles on ‘Varney & Co.’
“Today’s buyer is less trophy-driven and more thesis-driven. They’re high-profile global entrepreneurs, private equity principals, and family offices, often buying with generational thinking,” Weiss added. “Five years ago, size and spectacle sold. Today, buyers want privacy, security, flexibility, and a clear lifestyle narrative—not just bragging rights.”
For an estate of this magnitude, Weiss noted that storytelling plays a crucial role in marketing a unique property that has been on the market for several years. “Storytelling is everything, but it has to evolve. After years on the market, the story can’t be about excess; it has to be about purpose—why this home exists, who it’s truly built for, and how it fits into a buyer’s life today.”
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The Corcoran Group agent Julian Johnston exclusively speaks to Fox News Digital about the new wave of California billionaires migrating to South Florida due to a proposed wealth tax.
The nearly $40 million price cut reflects changing buyer behavior and highlights the tension between aspirational pricing and market reality. “It shows there is a ceiling, but it’s fluid. The market will support extraordinary pricing when the asset, timing, and buyer align. What’s changed is patience,” Weiss explained. “The ultra-luxury market is still there, but it now rewards realism, restraint, and long-term thinking over hype.”
‘Million Dollar Listing’ agent Josh Altman speaks exclusively to Fox News Digital about his new partnership with Home Value Lock, allowing buyers to cover up to 10% of their home purchase price if sold within three years of a market downturn.
A Bel Air mega-mansion featuring nightclub-level amenities and museum-style car storage is back on the market for just under $100 million, following a significant price reduction from its original listing of $139 million.
Known as “La Fin,” this stunning property is now listed at $99.9 million and has become Realtor.com’s most expensive listing in America for the week ending January 22. Initially hitting the market in 2022, the reported seller, former emergency room director Joe Englanoff, enlisted seven agents to help promote the property.
“A reset like this doesn’t signal weakness; it signals recalibration. Ultra-luxury is no longer aspirational pricing; it’s precision pricing. In Los Angeles, buyers at this level are disciplined, global, and value-driven,” said Douglas Elliman’s Cory Weiss in an interview with Fox News Digital. “When pricing aligns with today’s realities—such as interest rates and liquidity—serious conversations can resume.”
Weiss also noted, “High agent turnover usually reflects a mismatch between strategy and expectations, not a lack of interest in the asset itself. This property has navigated multiple market cycles, from ultra-low rates to geopolitical uncertainty and shifting tax dynamics.
CALIFORNIA RESIDENTS FACE BRUTAL CHOICE ONE YEAR AFTER LOS ANGELES FIRE DESTROYED THEIR LIVES
Located at 1200 Bel Air Road, La Fin boasts 12 bedrooms and 17 bathrooms, sitting on over two acres of land with breathtaking views of Los Angeles. This exclusive property also includes separate residences for staff and guests.
An aerial view of mansions in Bel Air, California. (Getty Images)
Among the standout amenities are a 44-foot chandelier made of 55,000 crystals, an automated six-car vehicle elevator display, and a 6,000-square-foot entertainment level featuring a wine cellar, vodka tasting room, and cigar lounge. The property also boasts an infinity pool with a rising 23-foot LED screen and a rooftop deck complete with spa and fireplace features.
Some features extend beyond lifestyle into investment-grade luxury, including custom Italian furnishings, Calacatta gold marble, commercial-grade catering facilities, and advanced security systems.
Weiss emphasized, “Amenities that win are those that integrate into daily life. Wellness facilities, seamless indoor-outdoor flow, smart security, and turnkey functionality are in demand. What’s losing relevance are novelty features that photograph well but rarely get used. Buyers are asking, ‘Will this improve my life?’ not, ‘Will this impress my guests?’”
FOX Business’ Max Gorden has the details from Los Angeles on ‘Varney & Co.’
“Today’s buyer is less trophy-driven and more thesis-driven. They’re high-profile global entrepreneurs, private equity principals, and family offices, often buying with generational thinking,” Weiss added. “Five years ago, size and spectacle sold. Today, buyers want privacy, security, flexibility, and a clear lifestyle narrative—not just bragging rights.”
For an estate of this magnitude, Weiss noted that storytelling plays a crucial role in marketing a unique property that has been on the market for several years. “Storytelling is everything, but it has to evolve. After years on the market, the story can’t be about excess; it has to be about purpose—why this home exists, who it’s truly built for, and how it fits into a buyer’s life today.”
GET FOX BUSINESS ON THE GO BY CLICKING HERE
The Corcoran Group agent Julian Johnston exclusively speaks to Fox News Digital about the new wave of California billionaires migrating to South Florida due to a proposed wealth tax.
The nearly $40 million price cut reflects changing buyer behavior and highlights the tension between aspirational pricing and market reality. “It shows there is a ceiling, but it’s fluid. The market will support extraordinary pricing when the asset, timing, and buyer align. What’s changed is patience,” Weiss explained. “The ultra-luxury market is still there, but it now rewards realism, restraint, and long-term thinking over hype.”
