Developer Michael Chen said a trip to Big Sur partially inspired him to incorporate nature into the home’s design.
A Beverly Hills megamansion with a 15-foot-tall waterfall wall and a monochromatic wine cellar is coming on the market for $65 million.
Other features of the pricey mansion: a bridge at the entryway hovers over a man-made stream that runs underneath the entire house and bronze-colored louvers that reflect light. The property also includes a movie theater, a dining room positioned on a sky bridge that overlooks a courtyard, an office, and a large pool.
The property was developed by Luxford Investment Group, a real-estate development company headed by investor Michael Chen. Mr. Chen’s group purchased the site of the property in 2014 for $15 million, records show. He said he spent about six years designing and building the property, which is about 18,200 square feet and has seven bedrooms. He said most of the finishes were flown in from Italy, and a 150-year-old olive tree was flown in from Tuscany as a centerpiece for an interior courtyard.
Mr. Chen said he was partially inspired by a trip he took to the Big Sur, which led him to want to incorporate nature into the home’s design.
Mr. Chen, who is a licensed real estate agent and is listing the property personally, said he is willing to accept the cryptocurrency bitcoin as payment for the home. "I really believe in crypto. I believe it will be the one currency that the world will use," he said.
The market for ultra-high-end homes in the Los Angeles area has slowed in recent months, but Mr. Chen’s co-listing agent Aaron Kirman of Compass said he has begun to see interest in properties from overseas re-emerge after a year of lockdowns. "The phone is starting to ring again," he said.
