Latest news with #megamanison
Daily Telegraph
3 days ago
- Business
- Daily Telegraph
Major update on Mohamed Hadid's failed $77m ‘Starship Enterprise' megamansion
The remaining slabs of Mohamed Hadid's controversial $US50 million ($A77 million) Los Angeles megamansion have been put up for auction — years after the developer faced legal woes over the property. According to The Real Deal reported, the no-reserve sale has a starting bid of $US7.9 million ($A12.2 million) and lasts until July 16. The former residence earned the nickname 'Starship Enterprise' from alarmed neighbours, who feared the pad's colossal size and uncertain foundations would lead to a cliffside disaster for the entire neighbourhood, the New York Post reports. Compass's Tracy Tutor and Premiere Estates Auction Company's Todd Wohl hold the listing. The unfortunate eyesore currently belongs to Paul Ventura's Sahara Construction, which purchased the property at auction for $US5 million in 2021. MORE: Kelce secret hide-out to bulk without Taylor Dad blocks son's $177m amid public spat Entire town of 6000 live on SAME street Attempts to sell the Bel-Air property since then have failed to bear fruit. Sahara Construction has carefully demolished the partially built structure down to its concrete foundations, the Real Deal reported, citing a court-ordered engineering report that declared the site now safe for a home. Hadid previously tried to build a home twice that size, and was taken to court over his efforts. 'If this house came down the hill it would take a portion of the neighbourhood with it,' said Los Angeles Judge Craig Karlan in his 2019 ruling for Hadid to demolish the illegally built hillside home. Hadid, father to Bella and Gigi Hadid, began construction on the planned mansion in 2014. The real estate tycoon fought the city of Los Angeles for several years to build the estate. Hadid's company 901 Strada LLC filed for bankruptcy when he was ordered to tear down the structure. Things went from bad to worse for Hadid when he was ordered to pay a lump sum of $US2.6 million ($A4.02 million) toward his neighbours' legal costs in 2023, Realtor reports. At the time, Joe Horacek, 81, who was one of the neighbours who led the suit, told the Daily Mail of the ruling: 'I feel vindicated. Now I just want Hadid to pay up and go away.' Meanwhile, Hadid lamented, 'This is a joke — it's crazy.' He then revealed he had plans to countersue for 'two or three hundred million dollars.' Sahara Construction listed the property for sale in the fall of 2023 for $US18 million ($A27 million), The Real Deal reported, but the listing was removed last year. 'The demolition took a tremendous amount of money,' Premiere Estates Auction Company's Todd Wohl told the outlet. 'From the court's standpoint, the legal issues and development issues are cured. There's a flat pad now. This would survive a major earthquake.' Parts of this story first appeared in the New York Post and Realtor and were republished with permission. Sign up to the Herald Sun Weekly Real Estate Update. Click here to get the latest Victorian property market news delivered direct to your inbox. MORE: Emma Stone ditches dream in huge $41m call Sad Meghan: I was a 'hustler' living 'little' 'Disrespectful' Charles slammed as Diana's home left to rot
News.com.au
3 days ago
- Business
- News.com.au
Major update on Mohamed Hadid's failed $77m ‘Starship Enterprise' megamansion
The remaining slabs of Mohamed Hadid's controversial $US50 million ($A77 million) Los Angeles megamansion have been put up for auction — years after the developer faced legal woes over the property. According to The Real Deal reported, the no-reserve sale has a starting bid of $US7.9 million ($A12.2 million) and lasts until July 16. The former residence earned the nickname 'Starship Enterprise' from alarmed neighbours, who feared the pad's colossal size and uncertain foundations would lead to a cliffside disaster for the entire neighbourhood, the New York Post reports. Compass's Tracy Tutor and Premiere Estates Auction Company's Todd Wohl hold the listing. The unfortunate eyesore currently belongs to Paul Ventura's Sahara Construction, which purchased the property at auction for $US5 million in 2021. Dad blocks son's $177m amid public spat Attempts to sell the Bel-Air property since then have failed to bear fruit. Sahara Construction has carefully demolished the partially built structure down to its concrete foundations, the Real Deal reported, citing a court-ordered engineering report that declared the site now safe for a home. Hadid previously tried to build a home twice that size, and was taken to court over his efforts. 'If this house came down the hill it would take a portion of the neighbourhood with it,' said Los Angeles Judge Craig Karlan in his 2019 ruling for Hadid to demolish the illegally built hillside home. Hadid, father to Bella and Gigi Hadid, began construction on the planned mansion in 2014. The real estate tycoon fought the city of Los Angeles for several years to build the estate. Hadid's company 901 Strada LLC filed for bankruptcy when he was ordered to tear down the structure. Things went from bad to worse for Hadid when he was ordered to pay a lump sum of $US2.6 million ($A4.02 million) toward his neighbours' legal costs in 2023, Realtor reports. At the time, Joe Horacek, 81, who was one of the neighbours who led the suit, told the Daily Mail of the ruling: 'I feel vindicated. Now I just want Hadid to pay up and go away.' Meanwhile, Hadid lamented, 'This is a joke — it's crazy.' He then revealed he had plans to countersue for 'two or three hundred million dollars.' Sahara Construction listed the property for sale in the fall of 2023 for $US18 million ($A27 million), The Real Deal reported, but the listing was removed last year. 'The demolition took a tremendous amount of money,' Premiere Estates Auction Company's Todd Wohl told the outlet. 'From the court's standpoint, the legal issues and development issues are cured. There's a flat pad now. This would survive a major earthquake.' Parts of this story first appeared in the New York Post and Realtor and were republished with permission.
Wall Street Journal
08-05-2025
- Business
- Wall Street Journal
Couple Lists Florida Megamansion on Land They Bought From Billy Joel
These sellers are movin' out. A tricked-out Florida megamansion on property once owned by Billy Joel is going on the market for $84.888 million.
