New Bel Air Mansions to Sell for $115 Million

A group of developers is offering to build trophy houses, rivaling the size of the White House, near the Hotel Bel Air at a starting price of $115 million, Bloomberg reports. The first lot in Park Bel Air is expected to go on the market Tuesday. Buyers may choose to buy a lot for $45 million and develop it themselves. Construction is expected to begin on the first estate in February.