Advertisement
The Los Angeles property, a 70,000-square-foot compound in Bel-Air owned by an entity with links to Qatar's ruling Al-Thani family, is the most expensive on the market by some margin. Its closest rival is a mansion in Aspen, Colorado, which has a price tag of $300 million, the Wall Street Journal reports (1).
If the LA compound sells for anywhere near the asking price, it would shatter the current U.S. home sale record. In 2019, hedge fund billionaire Ken Griffin paid $238 million for a New York City penthouse, the highest price ever paid for a home in America. (2)
Listing agents Jack Harris and Michael Fahimian of Beverly Hills Estates don't think asking $162 million more than the current record is unreasonable, given how much the owner has invested in the property.
"This is truly a half-billion investment that the family has put into the estate," Fahimian told the WSJ.
What $400 million gets you
Designed by renowned architect Peter Marino, the estate consists of a main residence and a separate guesthouse set across eight acres of manicured grounds, offering views of the ocean, the city and the canyon in every direction.
This property, which took a decade to build, was no small project. The main residence, measuring 50,000 square feet, has 10 family bedrooms and 13 staff bedrooms. The guesthouse, measuring 30,000 square feet, has six family bedrooms and 10 staff bedrooms. Between them, there are 50 bathrooms on the property (3).
The photos make clear that no expense was spared on the aesthetic. Every room is lavishly finished, yet neutral enough to suit most tastes.
Advertisement
Of course, bedrooms and restrooms aren't the only features. In fact, the accompanying amenities read like a five-star resort brochure: three swimming pools, a tennis court and pavilion, multiple kitchens, a hammam, a salon, a gym, a pilates studio and a cinema.
And that's not all. A tour of the property also reveals safe rooms, dedicated art storage and an X-ray machine, which was installed so the owner could receive medical care without ever leaving home. The estate, says Fahimian, "was designed so that you don't ever have to leave if you don't want to."
The cost of realizing this dream property was high. The Al-Thani entity paid $35 million for the site in 2010, then spent more than $350 million on construction. Fahimian estimates the guesthouse alone is worth more than $75 million.
That may help justify the $400 million asking price, but prospective buyers should factor in other costs as well. Property taxes run $1.4 million a year, according to the Los Angeles County treasurer, and closing costs at this price would add roughly another $40 million.
Must Read
- Dave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake — are you doing the same?
- Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's how
- Robert Kiyosaki says this 1 asset will surge 400% in a year and begs investors not to miss this ‘explosion’
Join 250,000+ readers and get Moneywise’s best stories and exclusive interviews first — clear insights curated and delivered weekly. Subscribe now.
Luxury housing prices are soaring
The ultraluxury housing market has reached new heights in recent years, fueled in part by rising stock valuations, tech windfalls and a new generation of AI billionaires.
Advertisement
Around a dozen homes sold for more than $100 million in the U.S. in 2025 — up from five in 2023 and eight in 2024 (4). Against that backdrop, asking prices keep rising. According to the WSJ, there are currently more than 20 homes listed in the U.S. for at least nine figures, and at least six major properties have hit the market for $200 million or more in the past year alone (1).
A look at the most expensive listings in the U.S. reveals the highest price tags are concentrated in California and South Florida, according to Realtor.com (3).
Median home sale prices tend to be higher in those regions, too, particularly in California (5). In 2025, San Jose — with its high-paying tech jobs and proximity to the beach — was ranked the most expensive housing market in the nation, followed by nearby San Francisco, Los Angeles, San Diego and Oxnard (6).
In some spots in the world, houses are selling for even more than $400 million. In 2024, Ukrainian billionaire Rinat Akhmetov paid €471 million ($554 million) for a Monaco waterfront apartment, Bloomberg reports (7).
"Just a few years ago, we were saying $100 million is the new $50 million," Miller told the WSJ (1). "I think everybody in this space is pushing the envelope as hard as they can."
Article Sources
We rely only on vetted sources and credible third-party reporting. For details, see our ethics and guidelines.
The Wall Street Journal (1); CNBC (2),(6); Realtor.com (3); Yahoo Finance (4); U.S. News & World Report (5); Bloomberg (7).
You May Also Like
- Turning 50 with $0 saved for retirement? Most people don’t realize they’re actually just entering their prime earning decade. Here are 6 ways to catch up fast
- Inside a $1B real estate fund offering access to thousands of income-producing rental properties — with flexible minimums starting at $10
- Vanguard’s outlook on U.S. stocks is raising alarm bells for retirees. Here’s why and how to protect yourself
- Here are 5 easy ways to own multiple properties like Bezos and Beyoncé. You can start with $10 (and no, you don’t have to manage a single thing)
Financial journalist with 15+ years’ experience covering markets, economics and personal finance for a range of international publications including Investopedia, The Times, Investors Chronicle (Financial Times) and NerdWallet.
