Bel-Air Spec Mansion With Parking for 50-Plus Cars Asks $40M

In Southern California’s car culture, a Bel-Air spec mansion listed for just under $40 million might be an aficionado’s dream house.

The 20,000-square-foot home at 677 Nimes Road went on the market touting parking to accommodate more than 50 vehicles.

Coldwell Banker Realty’s Joyce Rey is the listing agent on the new construction home.

The seller is Edward Ehsan, founder of Beverly Hills real estate brokerage Golden Palm Properties.

Bel-Air Spec Mansion With Parking for 50-Plus Cars Asks $40M — 677 Nimes Road (Anthony Barcelo)

Ehsan aimed to sell the fully entitled vacant lot where the mansion now sits back in 2019 for $22 million, telling The Real Deal at the time he didn’t want to deal with the “b.s. involved with development.”

He’ll rake in a tidy profit if the home sells anywhere near its ask, although about $2.2 million will be forked over for the Measure ULA property tax.

An LLC tied to Ehsan purchased the land in 2015 for $5.3 million, according to property and state records.

The home counts six bedrooms and 11 bathrooms sitting on a more than 32,000-square-foot lot.

It touts city views, an Olympic-sized pool, screening room, spa, heated toilets from Toto and a self-playing piano from Mason & Hamlin.

The Nimes Road estate is the latest in a flurry of recent activity in Bel-Air, despite the ULA assessment that applies a 4 percent tax on properties sold for $5.15 million and 5.5 percent on those starting at $10.3 million. The tax, which applies only to properties within the city of Los Angeles, went into effect in April 2023 with the thresholds adjusted annually to account for inflation.

Last month a Bel-Air spec mansion at 1001 Linda Flora Drive hit the market with a $45 million ask. Among the ritzy neighborhood’s recently completed deals is 385 Copa De Oro Road, which sold for $36.4 million. Also, Ryan Seacrest is reportedly in contract to pay $36 million for 212 Copa De Oro Road.