Bruce Makowsky relists Bel Air spec home for $188M

The eye-popping amount is still a 25% price chop from original asking

Bruce Makowsky’s sprawling mansion featuring a moat-like canal and Louis Vuitton-designed bowling alley is back on the market. It’s still wildly expensive, but unlike the first time around, it’s not garnering national attention.

That’s because it’s new price tag is listed at $188 million, roughly 25 percent lower than the original $250 million ask.

At that sticker price, the 38,000-square-foot estate now trails the iconic Chartwell Estate, listed at $350 million; and the Manor, listed at $200 million.

Located at 924 Bel Air Road, the Makowsky’s mansion, dubbed “Billionaire,” includes a dozen bedrooms, 21 bathrooms, five bars, two Champagne rooms and a 40-seat home theater, according to the Los Angeles Times, which reported on the new relisting.

When the home debuted a year ago, industry experts were skeptical about its sky-high price. Some called it “obscene,” while others claimed it to be “kind of smoke and mirrors,” The Real Deal previously reported.

Shawn Elliott of Nest Seekers and Branden and Rayni Williams of Hilton & Hyland have the listing.

Meanwhile, the country’s most expensive listing, Chartwell in Bel Air, features 25,000 square feet of living space and a 75-foot swimming pool. The Sumner Spaulding-designed estate is owned by the late television executive Jerry Perenchio, whose real estate portfolio has been hitting the market following his death in May.

The Manor, now the second-priciest listing, has a whopping 56,500 square feet of living space. It’s currently owned by British heiress Petra Stunt, who purchased the Holmby Hills estate from Candy Spelling in 2011 for $85 million cash. It features 123 rooms, exotic fish tank and spa with three hair stations.