The estate in Los Angeles that belonged to the late fashion designerMax Azria was joined by Lubov Azria, his wife. They debuted a new $75 million price tag.
The megamansion, affectionately called the Azria estate, was listed for $85 million last July.
The residence has a history of price adjustments, and has been on and off the market with a fluctuating eight-figure price tag—$88 million at its highest and $68 million at the bottom end—since 2015, listing records show.
Built in 1939, the 30,000-square-foot home is located in the city’s lavish Holmby Hills neighborhood. According to the listing with Mick Partridge of Hilton & Hyland’s Partridge Estates Group, the Partridge Estates Group listed the home as a Partridge Estates Group property, Paul R. Williams, a prolific Tinseltown architect, was responsible for its design.
“The activity in Los Angeles’s high-end luxury market continues to thrive as we head into 2022,”Mansion Global was contacted by Mr. Partridge via email. He shared the listing with Tomer Fridman, Compass.
“The Azria Estate—the largest original Paul Williams—is sited on 3 acres in the heart of Holmby Hills, and at this new price, we feel it is an unparalleled option amongst the city’s pedigreed properties,”He said.
The foyer boasts a Swarovski chandelier that hangs from the ceiling with approximately 150,000 crystals.
According to Douglas Elliman data for the third quarter of 2021 the luxury single-family homes market in Holmby Hills, and Bel Air, saw their median prices increase 18.8% to almost $3.5million compared to last year.
Homes were being snapped up quickly in the area too, typically in 35 days—a full week faster than during the third quarter of 2020.
Built in Williams’s signature Georgian Colonial style, the 17-bedroom spread boasts grand columns, moldings and intricate trim, according to the listing. The French designerPhilippe Starck reimagined interiors, which now include an Swarovski chandelier with approximately 150,000 crystals.
The sprawling property has a variety of high-end amenities including a movie theatre, a library with a gold-domed roof and a poker room with hidden doors. There’s also a glassed-walled tennis court, a Moroccan bath house, an authentic hammam and a Japanese garden with a koi pond and tea room, the listing said.
Azria was born in Tunisia. He is the founder and the first president of the fashionBCBG Max Azria Group. He was 70 years old when he died in 2019. Ms. Azria, 53 is also a. fashion designer. She was not available immediately for comment.
According to property records, the couple bought it in 2005 for just under $16 million. According to property records, Sidney Sheldon was the previous owner of the home. show.