Real Estate Transactions
$45-million mansion enters L.A.'s spec-built market
$45-million mansion enters L.A.'s spec-built market

A red Ferrari Berlinetta, women in little black dresses passing hot and cold hors d'oeuvres, a violinist, a saxophone player and reality show stars – such were the trappings of a recent private event to market a newly built home priced at $45 million on L.A.’s Westside. The massive contemporary has 16,000 square feet of living space on three levels, plus another 6,500 square feet in terrace and patio space. An infinity-edge swimming pool, fountains, lawns and a tennis court complete the 1.3-acre estate on Faring Road in the neighborhood commonly referred to as Holmby Hills. It's the latest spec-built megamansion to enter the fray of L.A.'s already hot luxury home market. The museum-...