The market for homes worth $50 million or more is so small that when even one of these behemoths is sold, it makes waves. So real estate experts are paying close attention to the recent sale of Le Belvedere, a sprawling sandstone palace in Bel Air, which sold on June 4 to an unidentified European family, for as much as $72 million.
The home was designed and built by developer Mohamed Hadid, former owner of Ritz Carlton Hotels, for his personal use. Hadid put the home…(Read more)