Inside the $500 Million "Giga-Mansion" Boom- Architectural Digest

In L.A. a growing number of developers are banking on home buyers wanting amenities like $250,000 Champagne cellars, jellyfish rooms, moats, IMAX theaters, and 30-car galleries. Here's why...

Post–Great Recession, the spec-home market in Los Angeles didn’t simply recover, it exploded into one of the world’s true real-estate juggernauts. Today teardowns routinely fetch $30 million and above, while completed mega-compounds with nine-figure price tags are no longer real-estate one-offs. The explosion of mega-mansions has spawned a one-of-a-kind residential race to the top, where developers, architects, and designers continue to push the boundaries of opulence to new extremes, in terms of size, amenities, and price.

Full article HERE.