Real Estate

LA mansion for sale faces April 1 tax deadline

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Inside the $38 million mansion the seller wants to unload before April 1

The owner of this over-the-top, seven-bedroom and 11-bath mansion in Los Angeles is prepared to accept $6 million less than what he paid for it less than two years ago — all to beat a ticking clock.

The home features a Kobe Bryant-themed basketball court, car showroom and a 70-foot infinity pool that appears to float some 45 feet above the mountainside, and it’s on sale for a reduced price of $38 million.

If it doesn’t sell by April 1, the property would be subject to a looming new, local mansion tax, which goes into effect next month and could cost the owner a further $2 million.

The grand living area opens to the outdoors with 22 foot ceilings, a 10-ft long fireplace, and a giant wall…



Source cnbc.com

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