Mohamed Hadid Finds Buyer for His $50 Million Mega-Mansion That a Judge Ordered Him to Demolish
Mohamed Hadid will finally be free of the $50 million Bel Air mega-mansion that has been the source of endless legal difficulties for the real estate developer and that the court ordered him to demolish last year.
After telling a judge that he was too broke to knock down the home in November of last year, the father of supermodels Gigi and Bella Hadid has now found a buyer for the property, someone who is picking up the lot at a serious discount. According to the New York Post, Hadid is now selling the home to a buyer for just $8.5 million after it spent a month on the market. The partially constructed mansion will be demolished as soon as the sale closes. The property, composed of more than an acre of land, is located on Strada Vecchia Road in the popular Lower Bel Air neighborhood and, according to the listing, will offer the new owner a “rare opportunity to build a world-class estate featuring views of the city and surrounding canyon.” That is, once they clear the land of the estate the California Supreme Court previously declared a “clear and present danger.”
Hadid’s legal problems first began when his mansion, originally permitted for 15,000 square feet, expanded to 30,000 square feet without receiving the additional necessary permits. He then ignored orders from the city of Los Angeles to stop building, prompting the city to criminally prosecute him in December 2015. In July 2017, he was told that if he did not reduce the size of the home or demolish it within the next three years, he would serve a 180-day jail sentence. Hadid did neither.
In November he told the judge in the case that he had “no funds” and would face serious financial distress if he lost $60 million on the lavish property, as he still owed an additional $15 million in court judgments against him. In July 2017, after being locked in a yearslong legal battle with the city of Los Angeles, Hadid pleaded no contest to three criminal charges involving illegal construction and was hit with three years of probation in addition to thousands of dollars in fines. But according to lawyers for the neighbors suing the developer for cash damages for the “nightmare” they say he’s put them through with this illegal construction, Hadid’s claims are “blatantly and intentionally deficient.” They also accused him of “concealing his finances to avoid being called to task.”
Hadid also previously accused one of those neighbors, Joe Horacek, of turning the case into a media spectacle, saying that Horacek had “nothing to do except me. I am his life. He is obsessed.” He also claimed that the ruling against him and his home was a “political lynching” based on his celebrity, race, and religion, adding, “They’re racist. Absolute racist. There is something beyond the normal that has happened here.” However, in a statement to the Daily Mail, Horacek’s wife, Bibi, asserted, “Hadid is a convicted criminal. It is not about ethnicity or religion. It is about his criminal conduct. He needs to stop blaming my husband for Hadid’s own illegal acts.”
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Published at Wed, 12 May 2021 16:43:38 +0000