In Los Angeles, a renovated Tech Mogul mansion is now up for auction

In 2007, Farhad Mohit donated $4.6 million to purchase a sprawling hilltop estate in Los Angeles’ desirable Bel Air neighborhood. The serial tech entrepreneur — perhaps best known as the co-founder of consumer review site Bizrate and shopping search engine Shopzilla — later worked with Roman James Design to showcase and rebuild the 1990s residence, which sits on a roughly 6-acre lot overlooking the downtown skyline Los Angeles and the Pacific Ocean beyond.

Records show that Mohit first tried to sell the revamped spread for a whopping $48 million in May 2020, before lowering the price to $38.5 million and putting it up for rent at $175,000 per month. He has now decided to auction the place with no reserve in conjunction with Drew Fenton of Carolwood Estates, with the current high bid as of September 11 at $20 million.

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Tucked away behind a long, gated driveway, this contemporary property houses six en-suite bedrooms and 11 bathrooms in more than 14,000 square feet of multi-level living space decorated entirely with materials culled from around the world, curated artwork, and flowing, automated glass walls. To the wide terraces. Attractive amenities include an elevator, a cabin, a 15-foot retaining wall, a wine cellar that holds more than 320 bottles, and a gym equipped with a sauna.

The living room, equipped with a wet bar, features floor-to-ceiling glass walls and opens to a terrace with jet views.

Entering the smart home via a pivoting front door, there is a large spacious room that includes a living room with a wet bar, as well as a formal dining area. A fireside family room adjoins the gourmet kitchen, equipped with double islands, top-notch appliances and a catering kitchen, while the master retreat upstairs comes complete with a two-way fireplace that connects on the other side to a separate sitting area. area, in addition to a balcony, wardrobes and luxurious bathrooms.

Outdoors, the grounds feature an 800-tree fruit orchard and a private hiking trail, and host a cantilevered pool and spa surrounded by a sundeck, as well as BBQ facilities, a bar and multiple fire pits. There is also a “museum quality” attached garage that can accommodate up to three vehicles.

Bidding at the auction began on September 8 and continues through September 19 via Concierge Auctions.

Click here for more photos of 1250 Bel Air Road.

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