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In Bel-Air, a spec mansion gets an $81-million price cut

In Bel-Air, a spec mansion gets an $81-million price cut
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Hot Property: Ryan Seacrest asks $85 million in Beverly Hills

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Ryan Seacrest is shooting for the stars in Beverly Hills. Eight years after buying a secluded compound from Ellen DeGeneres for $36.5 million, the TV host has listed it for $85 million.
The massive price hike is not only representative of the value of trophy estates skyrocketing over the years, but also of the work Seacrest put into the property. Listing photos show he updated the living spaces and added high-end amenities such as a massage room and media room.
Located across the street from Franklin Canyon Reservoir, the contemporary compound covers about three acres and includes a 9,000-square-foot main house, two guesthouses, a pool house, detached gym and underground garage. Manicured lawns, gardens and dining areas dot the grounds, which feature a reflecting pond and swimming pool. ....

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Detailed text transcripts for TV channel - CNN - 20170210:07:55:00

Vistas and this sort of outdoor setting here with this massive television screen. but in terms of those comps that you re talking about, this would be a record. a quarter of a billion dollars. let me bring in bruce makowsky. how are you? he s the builder and the developer. i m very well to be amid all of your opulence. this was your concept. one of the things that you wanted to kind of have a theme throughout is, i believe there s somewhat of a nautical thread. yeah, there s so many big mega yachts that are $250 million, $300 million. i wanted to take that same sensibility and bring it to your home because you only use your boat maybe five, six weeks a year whereas you use your home every day. i tried to create the ultimate home, the most beautiful oasis here in southern california. it s amazing here. reporter: well, good luck with your listing. certainly one of the more unique listings any realtor or anybody has ever come across. john, you can get a sense for just how much det ....

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