Housing

Real Estate Developer Mohamed Hadid Lists Home for $85 Million

Douglas A. McIntyre

Published: January 7, 2017 9:25 am

Last Updated: January 12, 2020 4:05 pm

Ultra-wealthy hotel and real estate developer Mohamed Hadid has listed his 630 Nimes Road, Los Angeles, home for $85 million. It was the most visited of all home listings at Realtor.com last week.

Hadid is 68. He may be best known as an owner of several Ritz-Carlton locations, or perhaps as the father of models “Gigi” Hadid and Bella Hadid.

The house at 630 Nimes Road is a huge one, with 10 bedrooms and 14 bathrooms, measuring 35,378 square feet and built in 2007 on 2.2 acres. The house sits in a well-mansioned section between the Bel Air and Holmby Hills sections of Los Angeles. According to the Census, Bel Air has 7,691 residents, 83% of whom are white. The median household income is over $200,000, or nearly four times the national average, and the highest in Los Angeles, according to the LA Times.

The listing:

Le Belv~d~re—With stunning 280~ city views, aprx 35,000 square foot, 2.2 acre French inspired Chateau has it all. Private, walled and gated with exceptional entertaining areas, exquisite design and detail. Professional screening room, grand ballroom, 5,000 bottle wine cellar, 2 sumptuous master suites, 8 additional bedrooms, beautiful grounds with fountains, loggia and terraces, infinity pool, spa, 14 fireplaces, elevator, Moroccan inspired room, Turkish hummam, gym, commercial kitchen, swan pond, and so much more. Le Belv~d~re is a place of magic. A fully-realized dream estate. Shown to pre-qualified buyers only.

It would be interesting to find out how a real estate agent would decide who is and who is not a “pre-qualified buyer” for an $85 million home.