A Saudi Prince Just Spent a Staggering $52 Million on This Mega-Mansion!
There’s no doubt that California has become a popular state among the powerful and affluential who’re pouring millions into homes many would die for. Aside from Hollywood A-listers, the state is also home to tech-billionaires and their multi-million dollar companies.
And even if you’re tempted to buy a property to be closer to your favorite celebrities, you’ll have to shell out millions on these mega-mansions because when it comes to the price tags on these luxury homes, only sky is the limit. One notable example of insane property rates in California is the recent Bel Air mansion that was purchased for an astounding $52 million!
A Mega Purchase
According to sources, a Saudi Prince just spent a staggering $52.2 million to buy a Bel Air compound consisting of two residential mansions.
Although the buyer chose to keep his identity hidden, the paperwork and acquisition deal was managed by a tax attorney who handles the Al Saud royal family’s finances, including the late King Fahd.
This important detail leads the real-estate experts to suspect the buyer’s identity may be that of a Saudi Prince. But what compelled the unidentified royalty to buy the mega-mansion for such an astounding price? For starters, the two adjoining homes span a combined area of 1.7 acres.
The massive mansions feature seven bedroom suites in total, surrounded by glass windows to give a panoramic view of the bustling city and its skyline.
If that’s not enough to make the guests feel like royalty, the property also features other luxurious amenities like a gym for fitness fanatics, a 12-car garage to store your lavish vehicle collection and even a barroom to showcases the Prince’s extensive collection of the finest wines.
For movie lovers, the Prince’s estate offers a 20-seat cinema where guests can enjoy private screenings for entertainment. But that’s not it! The entire house is designed with marble, concrete, and glass to allow plenty of natural light inside while giving a picturesque view to wake up to every morning.
The mansion also has a spacious outdoor area with lush greenery and tall trees where the Saudi Prince and his high-profile guests can enjoy a light stroll while reconnecting with nature.
The property is equipped with lawns and patios in case the new owners want to grow their own produce or plant flowers. The garden provides a perfect setting for a morning jog for those who want to take their workout outdoors.
What’s more, the Prince and the guests can enjoy a friendly match on the full-size tennis court or go for a dip in the massive 250-feet infinity pool.
The Second Home
While the second house isn’t as big as the main mansion, the Saudi Prince had no qualms buying it for an astounding $7.2 million. The stunning home was designed by the late architect Richard Neutra in 1954.
The house’s signature midcentury design remains intact despite the renovations and expansions it underwent for the past years. The real-estate experts also speculate the second house could serve as the staff’s living quarters if a Saudi Prince is indeed the buyer.
More in Life Style
Must Read Books For Personal Finance
When it comes to managing your money one of the most important skills to master is personal finance. However, without guidance,...May 5, 2020
Money-Saving Habits You Shouldn’t Skip
If you believe that the only money management skill you might ever need will be one of maintaining a budget. The...May 5, 2020
Great Ways To Make Your Money Work for You
Money is a tool that can help you achieve your goals but it is important for you to realize the value...May 5, 2020
Fancy Wine Tops List Of Things Wealthy People Like To Collect
It is no secret that rich people enjoy spending their money in ways that average people do not. While you might...April 29, 2020
Most Common Shopping Myths People Believe In
Shopping is definitely a great way to unwind, however, it can be pretty addicting. There are people who simply love window...April 29, 2020
Interesting Facts About The World’s Ancient Money
Money has been such a huge part of people’s lives for thousands of years now, but it wasn’t always like what...April 29, 2020
Habits That Might Lead You To A Financial Crisis
There are just so many ways that people can get into financial crisis, such as a sudden death of a family...April 29, 2020
Tips and Tricks For Sensible Saving
Money is indeed meant to be spent, people get jobs and have a career to be able to earn a good amount...April 29, 2020
All The Things You Learn When You’re in Debt
Unfortunately, we are not all smart with money. We make bad decisions, we are stubborn and naive when finances are in...April 21, 2020