The biggest spec house in Los Angeles has hit the market, clocking in at 40,000 square feet.

The $75 million Spanish villa in Bel Air includes eight bedrooms, 21 bathrooms, an indoor lap pool, indoor basketball court that doubles as a grand ballroom, a recording studio, six bars, and an underground auto gallery.

The home at 10697 Somma Way was developed by Ty Cueva of Westside Property Group.

The property was last sold for $1.25 million in 2013, according to Zillow.

The mansion is larger than the priciest listing in America - the 38,000-square-feet $250 million home at 924 Bel Air Road in Los Angeles.

The buyer for the Spanish villa can also purchase an adjacent 34,500-square-feet lot in order to enlarge their property to 92,000 square feet, according to Zillow.

The Real Deal first reported this story.

Residential real estate reporter Helen Zhao can be reached at hzhao@labusinessjournal.com. Follow her on Twitter @zhaomeow.