La Strada, developer Mohamed Hadid’s infamous, ill-fated Bel-Air megamansion, hit the market last week with one big catch: the buyer must wait out demolition of the $50 million estate and start all over again.
Last year, after a years of legal drama resulting from building code violations, a judge deemed the building unsafe and ordered that Hadid demolish the 30,000-square-foot spec home, which Hadid argued he couldn’t afford to do. The property was listed by Hilton & Hyland last week for $8.5 million, and a portion of the proceeds of the sale will fund the demolition costs.
Hadid, father of models Gigi and Bella Hadid and a reality TV star in his own right, told Los Angeles in a recent interview, “I’m so sick of this house.” He went on to call the judge’s order “a total sham. A total abortion of justice.”
The unfinished hillside estate, located on desirable Strada Vecchia Road, has been at the center of numerous court battles and neighborhood disputes. Listing agent Jonathan Nash told Forbes, “We’re looking for a conscientious buyer with the vision to build their dream home or deliver a new home to the market under proper guidelines.”