Real Estate Developer Mohamed Hadid Lists Home for $85 Million

By Douglas A. McIntyre Updated Jan 12, 4:05PM EST · Published Jan 7, 9:25AM EST

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Real Estate Developer Mohamed Hadid Lists Home for $85 Million — © Thinkstock

[cnxvideo id=”506324″ placement=”ros”]Ultra-wealthy hotel and real estate developer Mohamed Hadid has listed his 630 Nimes Road, Los Angeles, home for $85 million. It was the most visited of all home listings at Realtor.com last week.

Hadid is 68. He may be best known as an owner of several Ritz-Carlton locations, or perhaps as the father of models “Gigi” Hadid and Bella Hadid.

The house at 630 Nimes Road is a huge one, with 10 bedrooms and 14 bathrooms, measuring 35,378 square feet and built in 2007 on 2.2 acres. The house sits in a well-mansioned section between the Bel Air and Holmby Hills sections of Los Angeles. According to the Census, Bel Air has 7,691 residents, 83% of whom are white. The median household income is over $200,000, or nearly four times the national average, and the highest in Los Angeles, according to the LA Times.

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The listing:

Le Belv~d~re—With stunning 280~ city views, aprx 35,000 square foot, 2.2 acre French inspired Chateau has it all. Private, walled and gated with exceptional entertaining areas, exquisite design and detail. Professional screening room, grand ballroom, 5,000 bottle wine cellar, 2 sumptuous master suites, 8 additional bedrooms, beautiful grounds with fountains, loggia and terraces, infinity pool, spa, 14 fireplaces, elevator, Moroccan inspired room, Turkish hummam, gym, commercial kitchen, swan pond, and so much more. Le Belv~d~re is a place of magic. A fully-realized dream estate. Shown to pre-qualified buyers only.

It would be interesting to find out how a real estate agent would decide who is and who is not a “pre-qualified buyer” for an $85 million home.

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.