Bel-Air mansion sells for $50 million; first listed at $85 million

This is the 48,000-square-foot home that developer Mohamed Hadid has been trying to unload since early 2009. The place has 11 bedrooms, 14 bathrooms, 19 fireplaces, a 5,000-bottle wine cellar, a Turkish hammam, a swan pond and a 70-foot long infinity pool. It's so big that it requires a staff of about 15. Buyer is listed as Sarp Turanligil, owner of a Turkey-based yacht and furniture production company, but there could be more to the story. From WSJ:

A representative for Mr. Turanligil says he never owned the home, but was managing some business for a company that bought the home and is no longer affiliated with the property. The home has changed titles twice since it was purchased in June, to two different limited-liability corporations, according to public records.

The Journal has another huge real estate deal: The Malibu estate of the late Nancy Daly, ex-wife of former Mayor Richard Riordan, has sold for more than $40 million. It was first listed for $57 million. The buyer, listed as a Delaware limited-liability company, plans to lease the 13,000-square-foot mansion. The home, with 180 feet of beach frontage, has eight bedrooms and nine fireplaces.