In the summer season 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 excessive-finish constructing increase: One home sought $188 million, the opposite $180 million.
Plastic surgeon Raj Kanodia outdoors the spec house he in-built Bel-Air.
Photo:
Michal Czerwonka for The Wall Street Journal
More just lately, the neighboring spec mansions have turn out to be recognized for one thing else: steep value cuts. Last 12 months, the $188 million house bought for simply $94 million. And now the $180 million house, constructed by celeb plastic surgeon Raj Kanodia, is slashing its asking value to $99 million.
Dr. Kanodia freely concedes his itemizing value, 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 house so excessive initially, he mentioned, as a result of Mr. Makowsky had completed it first. “I think my house is equal to his if not better,” Dr. Kanodia mentioned. “My house is higher, bigger and has an enormous amount of landscaping, which his does not.” Mr. Makowsky couldn’t instantly be reached for remark.
Dr. Kanodia, who is best recognized for performing rhinoplasties and for his celeb shoppers like Britney Spears and Kim Kardashian West, mentioned his value reduce was additionally motivated partially by the Covid-19 disaster, which has dried up demand from abroad house patrons. He is seeing an analogous pattern at his cosmetic surgery workplace.
A Plastic Surgeon’s Massive Bel-Air Spec Home
Raj Kanodia’s property comes with tons of glass and landscaping
Plastic surgeon Raj Kanodia’s Bel-Air house is being shopped for $99 million, a dramatic discount from the sooner $180 million asking value.
Michal Czerwonka for The Wall Street Journal
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Plastic surgeon Raj Kanodia’s Bel-Air house is being shopped for $99 million, a dramatic discount from the sooner $180 million asking value.
Michal Czerwonka for The Wall Street Journal
“I’m not getting international patients to come in for noses…I’m missing on my Dubai, Abu Dhabi, Saudi Arabia, Qatar, Kuwait, London and Moscow patients,” he mentioned. The marketplace for each actual property and nostril jobs is now extra depending on U.S. shoppers, he mentioned. ”We are booked stable all the way in which up to 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. ft, the 9-bed room spec mansion constructed by Dr. Kanodia has a Portuguese limestone facade, a double-peak entry, a floating staircase and a 2,000-bottle wine room encased in white oak and glass. It additionally has a fitness center designed by coach Harley Pasternak.
The property’s wine cellar.
Photo:
Michal Czerwonka for The Wall Street Journal
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Dr. Kanodia mentioned his delight and pleasure is the property’s herb backyard, which he maintains from his house throughout the road. “To tell you the truth, that’s how I survived two months where I did not go to the grocery store. I ate out of the garden—my kale, my fennel, every vegetable. For two months, I was strictly vegetarian,” he mentioned.
He added that the property acquired vital curiosity from patrons over the previous 12 months, and a few patrons returned a number of instances, although none submitted a suitable provide.
Listing brokers Branden and Rayni Williams of Beverly Hills Estates mentioned they’ve leased the house a number of instances for Dr. Kanodia on a brief-time period foundation. It had been listed as a rental for about $1.5 million a month.
Write to Katherine Clarke at katherine.clarke@wsj.com
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