New Bel Air Mansions to Sell for $115 Million

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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.

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