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NHL owner puts unfinished Bel Air property on market for nearly $39M

Daryl Katz made one of the biggest real estate deals in Los Angeles history when he paid $85 million for a Malibu house in 2017. He also threw in an additional $21 million for the home’s furniture and artwork…

Stuart Vetterick, a Hilton & Hyland realtor who co-represented the buyer on The One, said that moneyed individuals will continue to seek listings like 1100 Bel Air Road, no matter if the market is up or down.

“Large, flat parcels with big views will always sell due to the rarity of those combined characteristics. Given that a majority of this hillside parcel is flat, that generally allows for a larger home and easier build,” he said.

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