In the summertime of 2018, two newly constructed, monumental mansions sitting subsequent to one another in a swanky Bel-Air neighborhood represented the height of Los Angeles’s high-end constructing increase: One home sought $188 million, the opposite $180 million.
Extra just lately, the neighboring spec mansions have turn out to be identified for one thing else: steep worth cuts. Final 12 months, the $188 million dwelling bought for just $94 million. And now the $180 million dwelling, constructed by superstar plastic surgeon Raj Kanodia, is slashing its asking worth to $99 million.
Dr. Kanodia freely concedes his itemizing worth, and newest discount, is a mirrored image of what occurred to different mansion, which was constructed and bought by purse entrepreneur Bruce Makowsky. Dr. Kanodia solely priced his dwelling so excessive initially, he mentioned, as a result of Mr. Makowsky had completed it first. “I believe my home is the same as his if not higher,” Dr. Kanodia mentioned. “My home is greater, larger and has an infinite quantity of landscaping, which his doesn’t.” Mr. Makowsky couldn’t instantly be reached for remark.
Dr. Kanodia, who is best identified for performing rhinoplasties and for his superstar shoppers like Britney Spears and Kim Kardashian West, mentioned his worth reduce was additionally motivated partially by the Covid-19 disaster, which has dried up demand from abroad dwelling patrons. He’s seeing the same development at his cosmetic surgery workplace.
A Plastic Surgeon’s Huge Bel-Air Spec Residence
Raj Kanodia’s property comes with a lot of glass and landscaping
“I’m not getting worldwide sufferers to return in for noses…I’m lacking on my Dubai, Abu Dhabi, Saudi Arabia, Qatar, Kuwait, London and Moscow sufferers,” he mentioned. The marketplace for each actual property and nostril jobs is now extra depending on U.S. shoppers, he mentioned. ”We’re booked stable all the best way as much as January with a ready record of 15 noses and it’s made up of sufferers from Iowa, Ohio, Florida, Texas, New York.”
Roughly 34,000 sq. toes, the nine-bedroom spec mansion constructed by Dr. Kanodia has a Portuguese limestone facade, a double-height entry, a floating staircase and a 2,000-bottle wine room encased in white oak and glass. It additionally has a health club designed by coach Harley Pasternak.