Bel Air spec manse on auction block after years of price cuts fail to attract buyer

A Bel Air spec mansion that once sought a $50 million price tag is heading to the auction block after failing to find a buyer.  The 19,348-square-foot home at 677 Nimes Road will be sold at auction with a $30 million reserve, Mansion Global reported, citing Paramount Realty U.S.A., which is handling the sale.  The auction for the home comes after years of languishing on the open market. The property, completed in 2023, sits on a 0.7-acre hillside lot and contains parking for up to 50 cars. Developer and entrepreneur Edward Ehsan, founder of Golden Palm Properties, assembled the property […]This article originally appeared on The Real Deal. Click here to read the full story.