Hollywood Hills $125 million spec mansion could break LA neighborhood record

LOS ANGELES — A 22,000-square-foot spec mansion in the Hollywood Hills is on the market for $125 million, a price that could set a new neighborhood record if it sells at the asking price, The Wall Street Journal reported.

Designed by Scott Mitchell Studio, the three-level house features a two-bar concept, a screening room, a billiards room and a gym, plus a subterranean motorcourt capable of housing at least 12 cars. The property also includes roughly 12,000 square feet of outdoor decking and an infinity pool that overlooks panoramic city skyline views toward the Pacific Ocean.

Construction costs for the project totaled roughly $80 million, with about $30 million spent on poured-in-place board-formed concrete. The walls are 3 feet thick, and more than 100 caissons extend 100 feet into the ground. Mitchell said his aim was to make the mansion feel intimate despite its size, describing the goal as creating a sense of safety or a “safe harbor from the world” where each room feels like it’s giving you a hug.

The listing is led by Los Angeles luxury brokers Rayni and Branden Williams of Beverly Hills Estates, who brought Mitchell into the project after purchasing the vacant lot for $8 million in 2015 from actor Jeremy Renner, who had previously pursued development there. The market context for the home remains nuanced: lenders and insurers have faced headwinds in the wake of the 2023 ULA mansion tax and this year’s wildfires, which complicated access to coverage for high-net-worth properties. Yet Branden Williams told the Journal that buyer confidence is returning, noting a recent $50 million Malibu spec-mansion sale the partners closed with co-developers.

Mitchell’s client roster underscores why the listing has drawn attention in culture and entertainment circles. The designer has created homes for high-profile figures such as Tom Brady, and Marc Andreessen—the latter purchasing a Mitchell-designed Malibu estate in 2021 for $177 million. By marrying ultra-luxury design with a dramatic hilltop setting, the project reflects a broader trend in Los Angeles where developers are testing the upper end of the market even as buyers weigh new tax and risk considerations.

The price tag, while aspirational, comes with a carefully staged narrative about scale and intimacy. In the eyes of the listing brokers, the mansion’s architecture aims to balance grandeur with comfort, a selling point as demand for marquee properties in Los Angeles remains uneven but real among a subset of buyers who seek trophy homes with high-end amenities and privacy. As the market evolves, executives and brokers say this property will stand as a test case for the region’s ultra-luxury segment, where developers increasingly blend architectural spectacle with the pragmatics of security, insurance, and long-term maintenance.

The owners and Mitchell are not alone in pursuing this vision in a market where supply for truly mega-sized homes is scarce and where the pandemic-era appetite for luxury living persists among a global cadre of buyers. If the property commands its full asking price, it could set a new benchmark for the Hollywood Hills and potentially influence pricing trajectories in neighboring enclaves as 2025 progresses.