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Developer Mohamed Hadid lists Le Palais at $58 million

Los Angeles HotelsLauren Beale

International developer Mohamed Hadid is putting a newly built estate in Beverly Hills on the market this month at $58 million.

The 48,000-square-foot Le Palais sits on 1.09 acres near the Beverly Hills Hotel. The French chateau-style residence has a limestone exterior and contemporary interiors. Three floors include seven bedrooms and 11 bathrooms. Three additional bathrooms are in the outdoor areas.

Over 30 years, Hadid has developed Ritz-Carlton Hotels in Washington, New York and Houston, commercial projects and luxury homes in Aspen and Beverly Hills. He has appeared on "The Real Housewives of Beverly Hills."

Joyce Rey and Stacy Gottula of Coldwell Banker are the listing agents.

lauren.beale@latimes.com

Copyright © 2014, Los Angeles Times
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